Insight and inspiration in turbulent times.
American utility companies are returning to the idea of building nuclear power stations. They believe they can get approval for licenses to start doing so by 2007, and they also believe, despite bitter past experience, that safety problems can finally be solved and the economics can be justified. This is bold thinking, but is it realistic?
Russian oil major Lukoil will export its first trial batch of oil to China in November-December, the company’s vice president Leonid Fedun said at a presentation of the company’s bonds on Thursday.
In Russia’s main oil-producing region in western Siberia, proven reserves represent just 18% to 24% of all oil in the ground, in contrast to about 45% in Western oil-producing regions such as Alaska and the North Sea. But as Russian oil companies adopt technologies, such as horizontal wells and computerized reservoir management systems, the estimated recovery rates are being revised upwards.
Sir Mark Thatcher has been charged with involvement in a coup plot in oil rich Equatorial Guinea prosecutors confirmed today.
The world is facing “an approaching storm” fueled by an impending energy crisis, and Americans need to drastically change their lifestyles to survive. That was the message delivered by Richard Heinberg in his keynote speech for the “First U.S. Conference on Peak Oil and Community Solutions”…
“Make no mistake about it, the visions being mapped out for a hydrogen economy on both sides of the Atlantic provide an excuse for the revival of nuclear and give environmental legitimacy to fossil fuels.”
My book tells a story of oil from its birth hundreds of millions of years ago through to its maturation into deep underground, as well as the modern tale of crudes abrupt exhumation, the battle to control its riches and its effect on the environment out of which it came
Plans for major reforms in Iraq’s oil sector have been postponed as the interim government focus on its daily problems, the Middle East Economic Survey reported on Tuesday.
Saboteurs attacked an oil pipeline and an oil well near northern Kirkuk on Wednesday, oil officials said.
The world’s oil supply is headed toward a crisis state that could flare as early as next year, fueled by steaming demand and declining production, a longtime sector investor and analyst said on Wednesday.
A controversial plan to allow oil drilling in Alaska’s Arctic National Wildlife Refuge is likely to move forward now that there will be enough votes in the Senate to push the measure ahead.
Unless demand plummets, world oil supplies are nearly certain to remain tight through the rest of this decade, according to a study by the Oil Depletion Analysis Centre in London.
