Insight and inspiration in turbulent times.
A Sunday Herald investigation has discovered that coalition forces are holding more than 100 children in jails such as Abu Ghraib. Witnesses claim that the detainees – some as young as 10 – are also being subjected to rape and torture.
The system is right on the edge, and even small supply disruptions will propel prices upward. This time, oil prices may have taken a ride to a higher-altitude roller coaster.
Experts point to the doubling of the pace of global demand in the past year, little spare production capacity, continuing terrorist attacks in the Middle East, and a controversial presidential referendum on Aug. 15 in Venezuela, the world’s No. 5 oil producer.
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.
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.
