Insight and inspiration in turbulent times.
Prospects for the trans-Afghan pipeline seem good, with the Asian
Development Bank (ADB) indicating that it is set to launch a preliminary
report on the US$2 billion project linking the vast gas field in
Turkmenistan to Pakistan, through Afghanistan.
Despite its geographic proximity, China for the past century played only a marginal role in Central Asia. Economically, politically and culturally, Kazakhstan, Kyrgyzstan, Tajikistan, Uzbekistan and Turkmenistan were firmly in Russia’s orbit. But independence in 1991 brought changes, among them the opening of the “Bamboo Curtain” to the East.
The Olduvai ‘cliff’ event has been moved closer to the present by four years: namely from 2012 previously to 2008 in the update.
Escalating world oil demand and declining production rates will push the world toward unconventional forms of energy, including synthetic hydrocarbons, said speakers at an annual oil and gas conference hosted by Deloitte & Touche LLP, the US arm of Deloitte Touche Tohmatsu.
Are foreign investors souring on Wall Street? The data say yes. In September and August, foreign investors were net sellers of $5.9 billion of American stocks. These two monthly declines highlight a sharp slowdown in inflows from abroad since the beginning of the year.
Analysts said the move was intended to strengthen Mr. Chávez’s hold over the oil industry at home while tapping Mr. Rodríguez, an oil executive, to work toward the international expansion of Mr. Chávez’s leftist movement by using oil from the world’s fifth-largest oil exporter as a diplomatic bargaining chip.
The U.S. government said Tuesday it was ready to resurrect oil shale drilling in the Rocky Mountains, a technology heralded 30 years ago to boost America’s energy output until it failed financially.
Lateline interview with David Goodstein, professor of physics and author of Out of Gas – the End of the Age of Oil.
It is no secret that Petroleos de Venezuela (PDVSA) is having trouble maintaining production capacity. With a natural production decline of around 25% a year, it is necessary to develop that magnitude of additional oil for the production level to remain where it was.
New York crude oil touched $50 a barrel for the first time in almost three weeks amid concern that refiners have failed to build adequate heating-oil supplies in time for the U.S. winter.
Audio recordings from the First US Conference on Peak Oil and Community Solutions featuring Pat Murphy and Richard Heinberg.
Stephen Roach, the chief economist at investment banking giant Morgan Stanley, has a public reputation for being bearish. But you should hear what he’s saying in private. Roach met select groups of fund managers downtown last week. His prediction: America has no better than a 10 percent chance of avoiding economic “armageddon.”
