Outspoken oil expert challenges common ideas
“The odd thing about oil prices in the last 20 years was how unbelievably low they were, as opposed to how odd it is that oil prices are at the level they are today.”
America’s next shock may be debt, not oil
From 1988 to 2000, each new dollar of US economic output was accompanied by $3.19 in new debt. So now, for the first time, the debt-to-GDP ratio stands at more than 2 to 1.
Australian energy economics firm sees coal prices rising sharply
Sydney-based Energy Economics is forecasting sharp increases in the prices of thermal coal used for electricity generation and metallurgical coal when annual price negotiations are concluded for the new Japanese fiscal year.
UK: Energy prices to soar early next year
Millions of households face another rise in gas and electricity bills early next year in response to soaring wholesale energy costs.
Australia: Nuclear energy should ‘be back on agenda’
Rising energy prices could force Australia to re-visit the nuclear power debate, an energy expert believes.
International companies flock to Libya for oil investment bids
The first round of the public announcement of the blocks offered for investment in oil exploration fields across Libya was held yesterday in Tripoli.
Oil Price Hike: Reasons and Impacts
Dr Muhanna gives five reasons for higher oil prices excluding oil depletion.
Law firm coffers fuelled by UK’s switch to liquefied natural gas
Consumers may be up in arms, but a host of law firms are reaping the benefits of the UK’s dwindling gas supplies as preparations hot up for the country’s first liquefied natural gas (LNG) import terminals.
Project Censored: Secrets of Cheney’s Energy Task Force Come to Light
The Bush Administration’s struggle to keep secret the workings of Cheney’s Energy Task Force has been ongoing since early in the President’s tenure. What has been released reveals plans to occupy the Middle East which predate 9/11.
Project Censored: Media and Government Ignore Dwindling Oil Supplies
U.S. leaders, and the mainstream media, refuse to acknowledge that we are headed for an inevitable oil crisis with extreme consequences sure to impact every aspect of our lives.
World Needs More Oil Capacity -Watchdog
An extra 3 million barrels per day (bpd) of production capacity worldwide is needed to avoid another year of blistering oil prices, International Energy Agency (IEA) executive director Claude Mandil warned on Sunday.
Maui Gas: Experience the Depletion Cliff.
When the question of oil and gas depletion is raised the flat earth fraternity often can’t help themselves laughing whilst pointing out “but we’ve never produced more than we are today, the world is awash in oil and gas”. A sobering lesson is to be learnt by looking at the current depletion rates in New Zealand’s Maui natural gas field.
