Iraq opens oil reserves to Western companies
Iraq has issued an open invitation to the world’s largest oil companies to exploit its vast reserves.
Bush talks about Peak Oil at luncheon
Someone asked Bush what he’s going to do about energy policy with worldwide oil reserves predicted to peak. Bush said: “I’m going to push nuclear energy, drilling in Alaska and clean coal. Some nuclear-fusion technologies are interesting.” He mentions energy from “processing corn.”
Oil’s slippery slope
If someone sitting in air-conditioned comfort in one part of the world believes that what happens in Iraq or Nigeria, Venezuela or Colombia doesn’t affect him or her, Sonia Shah’s Crude: The Story of Oil takes that little daydream and shakes it up.
Recession clouds gather on the horizon
Recession is something rarely announced by politicians – it does not sound too good. And elections are often based on economic well-being, so to tell the nation that a recession is here, or coming, does not bode well for those in office.
Nuclear Energy Is Making a Global Comeback
With uncertainties increasing about supplies of natural gas and oil, nuclear energy is making a powerful global comeback, prompting concerns about atomic terrorism in the post-Sept. 11 era.
At $3.41 a gallon, gas is too costly for many Cubans
Feeling pain at the gas pump? Be thankful you don’t live in Cuba, where the typical worker must labor for an entire week just to earn enough for a gallon of the precious stuff.
New York crude bolts to record 55 dollars a barrel
New York’s main crude oil price bolted to a record 55 dollars a barrel as traders fretted about stretched supplies, hot demand and thin stocks of winter heating fuel.
Platts: Global Oil Peak Soon
The Managing Editor of Platts claims that global oil production will peak soon, and economic output will peak soon. (Link to PowerPoint presentation.)
Real oil price should be $100: Iranian MP
“I think the real price for oil to be $100,” said MP Kamal Daneshyar. “Therefore, importers are now buying oil much cheaper than the price they’ll soon face”.
Oil to hit US$100 a barrel, says psychic
OIL prices will skyrocket to US$100 per barrel, but the rich in Trinidad and Tobago will continue to get richer and the poor poorer. Yesenia Gonzalez, the 44-year-old Venezuelan psychic, is so confident this prediction would materialise in 2005, that she said she was prepared to put her reputation as a “top international psychic” on the line. [ At least she’s been reading her ASPO newsletters. ]
China to invest $12 billion in Russia
China is planning to invest $12 billion in Russia by 2020, the official China Daily newspaper said Saturday.
Global Scale Politics
While peak oil enjoyed a break out in 04, and even though most Americans know in their heart of hearts that Iraq was about oil, Americans, this election, have yet to really make the connection.
