Insight and inspiration in turbulent times.
India is beginning to institutionalise oil diplomacy. In order to counter the towering presence of China National Petroleum Corporation and Japan National Petroleum Corporation, it has decided to use the expertise of the ministry of external affairs.
The Arctic “is now experiencing some of the most rapid and severe climate change on Earth,” according to an eight-nation study on global warming co-sponsored by the United States which is due to be officially released a week after Tuesday’s elections.
Saboteurs have mounted the biggest attacks yet on Iraq’s oil infrastructure, blowing up three pipelines in the north and hitting exports via Turkey, oil officials said Tuesday.
November newsletter from the Association for the Study of Peak Oil & Gas is essential reading. Includes an update on Saudi reserves, an analysis of US petrodollars, a country assessment of Denmark and much more.
Since Zhang Huazhu, director of China Atomic Energy Authority, announced that the Chinese Government has formulated policies to expedite the development of nuclear power generation in early September, numerous heavyweights including Canadian Minister of Natural Resources John Efford, French President Jacques Chirac, Russian President Putin and US Nuclear Regulatory Commission Chairman Nils Diaz have come to China.
The Caspian is a promising region for petroleum and natural gas, comparable to the North Sea. Thanks to the ambitions of the states and companies on the Caspian and Russian passivity, Russia has almost missed its chance at gaining a leading position in the region’s oil industry
Ken Reiner on why voting is not enough: ‘time is of the essence; we cannot wait 4 years, then another 4. Global warming is here now, ozone depletion is here now, we have reached peak oil now and drinking water is already insufficient for the world’s present population which is still growing. Actions all over the world and within our country must be taken in the coming months to undo the corporate grip destroying us.”
China imported 76 million tons of crude oil in the first eight months of this year, making up 40 percent of the total domestic demand, a six percent rise over 2003.
In a move that would have massive repercussions in the global balance of power, last week Russian President Vladimir Putin said Russia could switch its trade in oil from US dollars to euros.
Oil prices fell sharply on Monday on speculation that a U.S. election win for Senator John Kerry could ease the geopolitical friction that has helped fuel this year’s record-breaking rally.
US energy exchange Nymex has set up a new oil trading floor in Dublin, Ireland, in a move it hopes will lure disenchanted dealers from London.
Nigeria’s main trade union body is planning a second general strike over fuel price rises, and has warned it will target oil exports.
