Insight and inspiration in turbulent times.
A recession may be looming especially with the unprecedented rise in world oil prices, which have historically presaged every recession in America. Add to this fears that Saudi Arabian oil production may be peaking.
Oil giant Shell could be bracing itself for a takeover attempt, possibly from French rival Total, a report claims.
It is surprising that the media - left media included - has been relatively silent regarding Venezuela’s upcoming presidential recall referendum.
Japan’s Trade Minister Shoichi Nakagawa said Sunday his country has no intention of changing its policy of pursuing an oil development deal with Iran due to a US request to reconsider.
The energy security of the United States is closely linked to the state of its water resources.
In recent months, the companies, led by AES, which is based in Arlington, Va., have occasionally cut off electricity to the nation’s distribution grid, contending that because the government has not paid its bills, they cannot import the natural gas and oil needed to fuel their operations. That decision has placed the companies at the center of a political and economic maelstrom over blackouts lasting as long as 20 hours a day.
The head of exploration and production at Mexican state oil monopoly Petroleos Mexicanos, or Pemex, said Thursday that the decline of the country’s biggest oil field has been delayed until 2006.
It is clear that policy makers, Government bigwigs, ostentatious self-promoting Mayors and general associated ignorami are about to make an error of monumental proportions. The mistake involves the gross misappropriation of public funds to build roading systems in Auckland and throughout NZ that in all likelihood will be empty of drivers early next decade.
While money creates dreams, only abundant energy gives humans the power to realize those dreams. …and the world is running out of “sweet”, cheap oil.
Dr Malcolm Riddoch reports from a conference entitled Oil: Living With Less which featured Dr Ali Samsam Bakhtiari, which took place in Western Australia ealier in the week.
The cost and availability of oil will be impacted by “peaking”; natural gas supply will fail to meet production and supply demands; nuclear offsets aren’t being addressed and the failure of transmission lines to be replaced or upgraded are all rapidly coming together in a short period of time and will cause rocketing prices and supply disruption.
KHARTOUM, Sudan (Reuters) – Sudan’s president Thursday accused the West of exploiting the Darfur conflict in the hope of seizing the country’s gold and oil, but Washington replied its only aim was to halt mass murder and starvation.
