Oil Prices Fall to $45 as Iraq Oil Flows
Oil prices fell nearly a dollar to end just above $45 on Tuesday, in a third day of losses as a more optimistic Iraq export picture helped unwind some of the supply worries.
Stocks set for crash like 1987, Roach says
Global stock markets may have something far more ominous to worry about than the recent spike in oil prices, with one economist seeing a ‘Black Monday’ scenario in the making.
Banks Raise Profile on Energy Markets
Several European and U.S. banks have recently moved into the increasingly lucrative energy trading business or have taken steps to expand their involvement in oil, gas and power derivatives.
Oil’s slippery slope
s the neo-conservative dream of a “liberated” Iraq came true in April 2003, who would have predicted that 16 months later oil would become the ultimate time bomb for the Bush administration?
Why we (still) need 60 dollars per barrel
Oil is no longer a free good made available to the aging consumer heartlands, but a vital and hard-to-substitute commodity that is entirely nonrenewable at human timescales, and whose ultimate peak of production is looming ever closer.
The Thief of Baghdad
Missing: one-third of the Pentagon’s equipment and $1.9 billion of Iraqi money. Guess who has it?
Putin Assures Bush on Oil Production
As oil prices rose, Russian President Vladimir Putin told President Bush on Monday that Russian oil companies are increasing oil production and exports and will continue to do so, the White House said.
China’s oil appetite could undermine U.S. energy plans
China’s dramatic increase in energy consumption – coupled with political problems in the oil-producing countries of Iraq, Russia and Venezuela – could have dramatic negative effects on the U.S. and world economies.
China fears a food crisis as imports surge
China has become a net importer of farm produce, raising concerns at the highest levels of government about the security of the food supply for 1.3 billion people as land and water shortages put pressure on domestic grain production.
The hydrogen challenge to Arab oil has it’s pitfalls
While world supply of conventional oil looks set to peak, hydrogen has long been proposed as a solution. But in spite of billions of dollars now being spent on research, no one has yet found a simple, safe and cheap way to produce it.
India: Energy security — Devise alternative strategies on war footing
The Association for the Study of Peak Oil feels that the current increase in crude oil prices is only a foretaste of worse to come.
Oil Haves and Have-Nots (exerpt)
To some geologists, the world is heading toward an oil crisis of historic proportions. The crisis will come, they say, not when the wells go dry, but when world oil production reaches a peak and begins to decline.
