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.
NZ: A rabble of knee-jerking hillbilly square dancers
Economic growth equals increased demand, increased demand results in resources (such as oil and natural gas) being depleted at quicker rate.
Ready to Bet on Alternative Energy? Well, Think Again
Wall Street continues to ignore alternative energy sources which typically require huge infrastructure investment.
Oil addicts
The short-term economic pain of sky-high oil prices is a harsh reminder to the world’s richest countries that they have never been able to kick their addiction to the sticky black stuff – and time is running out.
Iraq Keeps South Oil Pipeline Shut
Authorities kept a main oil pipeline in southern Iraq shut on Sunday rather than risk it being attacked, restricting the country’s exports to half normal levels, a South Oil Official said.
UK: Plan to relax emission curbs to head off energy crisis
The Government is considering lifting constraints on harmful emissions from coal-fired power plants in order to ensure energy supplies in a crisis.
Oil supplies feel the trickle-down effect
Saudi Arabia’s output declined in July giving rise to new concerns that the country is struggling to increase output for technical reasons.
