Oil flow peaks as demand builds
Oil price declines won’t last long, many energy experts say, and Americans may have to get used to higher prices for everything from gasoline to groceries.
Russia Ready to Strike Against ‘Terror’ Worldwide
Russia’s top general threatened Wednesday to attack “terrorist bases” anywhere in the world, as security services put a $10 million bounty on two Chechen rebels they blame for last week’s school siege.
How long will the world’s oil last?
Since oil production peaked in the United States in 1970, a growing number of geologists, economists and industry analysts have been pondering the question of just how long worldwide supplies will keep up with growing demand. And some are predicting that global production may peak as soon as next year.
Should drilling be allowed along Rocky Mtn. Front?
“A book would need to be written in order to fully explain and diagram the on-going discussions and controversy that surrounds the prospect of drilling on the Rocky Mountain Front in Montana.”
Canada May Boost Oil-Sands Production Fivefold, Official Claims
Canada’s deputy minister for natural resources claims his country can boost output of oil from tar sands fivefold to 5 million barrels a day, without specifying a timeframe.
Oil output in Venezuela falls short of OPEC quotas
Oil output in Venezuela falls short of quota set by the Organization of Petroleum Exporting Countries (OPEC), according to a report by the organization.
Demand for Oil Could Outstrip Supply
A respected oil-forecasting group predicted that the energy industry may be unable to produce enough oil to meet projected demand by the end of the next decade, in a study that lends support to a small chorus of analysts who warn that a peak in petroleum output is looming in the years ahead.
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.
Ten specious fallacies on current world’s high oil prices
The anxiety, tension and panic induced by the oil prices permeate between the markets and the governments, which in turn makes it harder for people to understand the international oil market, and its underlying relationship to geo-politics and geology.
Saudi Arabia, China agree to formal political dialogue
Saudi Arabia and China have reportedly agreed to hold regular political consultations.
UK ‘green energy’ centre created
A new national marine renewable energy centre is to help lay the foundations for an industry based on wave and tidal movements.
