The mask of altruism disguising a colonial war
Oil will be the driving factor for military intervention in Sudan.
Oil will be the driving factor for military intervention in Sudan.
The hope that new technology will increase these production stocks is largely an illusion as its main effect is to deplete the field faster.
Oil will be the driving factor for military intervention in Sudan. Oddly enough, the oil concession in southern Darfur is currently in the hands of the China National Petroleum Company. China is Sudan’s biggest foreign investor.
We know oil prices are at a record high. Production has peaked. No major new fields are being discovered. We are running out of oil, except in the Middle East and parts of Africa.
Taken together, the US’s economic challenges represent a series of bombs placed at the foundations of our society, and they are capable of exploding in ways that would touch more Americans than anything even the most sophisticated terrorists could devise.
The Venezuelan government say they reserve the right to suspend oil shipments to the USA in case of an eventual conflict or aggression.
Sixty per cent of Saudi production comes from the ‘King of Kings’ field. If this starts to decline, production has peaked.
Leading energy analyst believes Saudi Arabia’s crude oil supply near peak; calls for greater global reserve transparency to anticipate ‘cataclysm’
By the time this is being read, currently available oil production capacity all around the world will be producing flat out. How sustainable this proves to be remains to be seen.
The Prime Minister has accused some journalists of almost wanting a disaster to happen in Iraq. Robert Fisk, who has spent the past five weeks reporting from the deteriorating and devastated country, says the disaster has already happened, over and over again
While much of the world is concerned about whether Saudi Arabia can deliver on its promise to produce an extra 1 million barrels of oil a day, far more attention should be given to OPEC and non-OPEC member countries whose production continues to fall.
The declining oil production of Indonesia and Oman are greater than Saudi Arabias promised increases. Patterns of accelerated decline do not bode well for other old, aggressively worked, fields.