Oil price double-edged sword for Africa
Nowhere is the dichotomy more apparent than in Nigeria, which has enjoyed a $2.5 billion boost in profits from crude but is likely to pour the bulk of it into its imports of refined oil.
Nowhere is the dichotomy more apparent than in Nigeria, which has enjoyed a $2.5 billion boost in profits from crude but is likely to pour the bulk of it into its imports of refined oil.
Mexico’s Pemex has detected vast new oil deposits in the Gulf of Mexico that could double the country’s total reserves and boost its oil output to rival Saudi Arabia’s, the state oil monopoly said on Monday.
The fall 2004 issue of YES! magazine is devoted to Peak Oil. About a dozen articles are available online. Subjects include biodiesel, hydrogen, transportation and conservation. Authors include Hunter Lovins, James Lovelock and David Orr.
Americans are addicted to the joys of the open road. But the joys come at too high a price and we’re about to hit bottom. We can get around without oil. Here’s the 12-step program to do it.
Sexed-up reports, pressure on the United Nations… here we go again.
The New Zealand government depends on the IEA’s oil production projections. As concerns about global Peak Oil began surfacing in the mid to late 90’s the IEA has succeeded only in delivering a “business as usual” message but with seriously flawed “hidden variables”.
Thanks to the collusion of industry, financial and government interests, the coming decline in oil production is portrayed as so impossibly far off in the future that there is no sense talking about it – but talk we must.
There are good reasons to move away from dependence on oil — war and climate change are among them. Then there’s the fact that oil extraction is about to peak, and we don’t have a plan for a world of diminishing oil supplies.
An ancient Hindu myth held that the world rides on the back of an elephant. The Iroquois believed it was a turtle. In the age of science, we know different: It’s a dinosaur.
The IEA’s principal oil analyst Antoine Halff is questioned about the recent spike in oil prices and what affect oil geology may be having.
Thatcher’s business partner turns state witness as diplomatic row builds over alleged west African putsch.
The release of Julian Darley’s new book is very timely considering that the prestigious Oil and Gas Journal has just this week come out with a forecast of global gas production peak for 2019.