Alaska: Slope oil production tumbles
North Slope crude oil production was down 24 percent in August compared to last year and continued to fall short of expectations through the first week of September.
Peak oil – running on empty
Conspiracy theorists to scientists and pundits from the auspices of the National Geographic to the BBC are all in agreement that we are reaching a point called “peak oil”.
UN Darfur vote turns scramble for Sudan’s oil
As the UN Security Council is debating a US draft resolution on the Sudan crisis, based on colliding views whether a genocide is or is not happening in Darfur, the issue of Sudan’s oil is becoming a key factor.
Market is in charge as OPEC’s clout fades
OPEC’s 11 members possess three-quarters of the world’s known oil reserves, produce a third of its crude oil, and account for half the exports. Yet OPEC seems to have lost its clout to influence prices.
UK: Record oil imports widen trade deficit
Britain became a net importer of oil for the first in more than a decade in July. North Sea oil output is expected to be “more or less over” by 2020 according to ASPO.
Not enough juice to keep German industry growing
In 20 years, windmills may generate more electricity than nuclear power plants, but Germany may not have access to the energy it needs for its industrialized economy, according to Gerhard Ott, chairman of the World Energy Council’s German committee.
World oil stocks to build unless OPEC cuts
World oil stocks will swell in coming months unless OPEC producers pull back from a production surge that is replenishing inventories, the International Energy Agency said on Thursday.
UK: Experts warn of oil and inflation link
UK interest rates must rise at a faster rate than currently forecast if oil prices stay permanently above $42 a barrel, new research has suggested.
Britain gives Iran nuclear ultimatum
Britain has set Iran a two-month ultimatum to suspend all activities linked to the production of a nuclear bomb or face a demand for United Nations sanctions, the British press said Thursday.
Australia, Mexico to sign energy pact in November
Australia and Mexico will forge an energy co-operation agreement in November, the energy minister of Australia, which wants to sell more coal and gas to the Latin American country, said yesterday.
Author Predicts Energy Crisis
Julian Darley, the founder of a Vancouver-based energy think tank has claimed that North America is on the verge of “a full-blown natural-gas crisis”.
China to have 140 mln cars by 2020
China expects to have 140 million automobiles plying its roads by 2020, seven times more than now, fueling demand for transportation infrastructure and services, state media reports.
