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The oil majors are quietly panicking because they cannot find sufficient new projects or fields big enough to make a material difference to companies of their size.
The oil majors are quietly panicking because they cannot find sufficient new projects or fields big enough to make a material difference to companies of their size.
With the end of cheap oil on the horizon, Puerto Rico continues to move toward alternatives, but is it moving fast enough?
There is no other oil producer on earth that can even begin over time to replace a significant short fall in Saudi Arabia’s oil. So if in fact, Saudi Arabia is at their peak production, then so is the world.
Energy demand has become a runaway train. There’s no way we can stop that train until we hit a brick wall.
When oil prices have doubled to $80 and a second Great Depression threatens global political stability, our president will assemble a 9/11-style commission to explain the intelligence and policy failures that led to the crisis. The verdict will be familiar: The stunning blow to the world economy brought about by the sudden, unexpected depletion of fossil fuel should have been anticipated and prevented.
China is relying on coal-fired power plants to meet severe electricity shortages, but such heavy polluters are damaging the environment and harming its people and its neighbours.
Nigeria’s oil industry – Africa’s largest and the fifth-biggest source of US oil imports – is concerned for its future after a yearlong spree of bloodletting that has killed more than 1 000 people in the Niger Delta.
Beleaguered Russian giant Yukos can continue to produce and sell oil despite an earlier demand to stop output, according to Russian officials.
The UK today joined a US-led partnership that seeks to cut global methane gas emissions and to promote methane recovery and use as a clean energy source.
In a fascinating new documentary, The End of Suburbia – Oil Depletion and the Collapse of the American Dream, the central question is this: Does the suburban way of life have a future? The answer is a resounding no.
Possible shutdown of Russian oil giant Yukos sparks rally.
WMD was the rationale for invading Iraq. But what was really driving the US were fears over oil and the future of the dollar