Iran claims number-two position for world oil reserves
Iranian Oil Minister Bijan Namdar Zanganeh announced that new oil discoveries in the southwest of the country now meant the Islamic republic held the number-two position in world crude reserves.
Special forces raid Russian oil firm’s headquarters
Russian law enforcement officials attempted to seize the headquarters of the Russian oil company Yukos yesterday, days after it was landed with a tax bill of £3.8 billion.
Short-term relief: Gasoline price drop welcome, but it can’t last
Enjoy these gas prices while they last, because they are only going to be with us for a short time before they head back up.
UK: Sellafield an easy target for hijacked jets
Report highlights lack of protection for nuclear plant if terrorists tried to attack it with passenger planes.
Crude Oil Quality a Growing Issue for U.S. Refiners
The quality of the world’s crude oil that will be produced in the near future is falling and some U.S. refiners may soon have to invest millions in their plants to refine the changing flow of crude, experts said on Thursday.
Asian outlets beckon oil sands producers
The robust economies of Japan, Korea and China could open new doors for Canada’s heavy and synthetic crude, according to the Alberta Energy Research Institute.
Fuel for thought
This article comparing costs of various automotive fuels, off-handedly notes that “global oil production has reached its peak or will peak in the next decade and then production will run downhill.”
Indiana Jones and the China crusade
“The American dollar is a flawed currency and will collapse in value before the end of the decade, taking with it the prosperity of the American nation.” Rogers’ reasoning is straightforward: raw materials are running out.
China says oil reserves twice as big as expected
A report by China Petroleum and Chemical Corporation, China’s second largest oil company, has claimed there are 6.5bn tonnes (47bn barrels) of proven oil reserves in the country. International studies, including BP’s just-published statistical review of world energy, put it closer to 3.2bn tonnes.
Iraq oil exports hit by pipeline leak, emergency laws due shortly
Iraqi oil exports were hit by a rupture to a main pipeline in the south as the caretaker government said it would announce emergency powers to tackle the country’s rampant insurgency “very shortly”.
Pakistan: Power crisis feared by 2007
The country may plunge into energy crisis by the year 2007 due to rising electricity demand which enters into double digit figure following increasing sale of electrical and electronic appliances on lease finance, it is reliably learnt Thursday.
US: Security focus of Democrat platform draft
The Democratic Party pledges an unrelenting struggle against terrorism and a commitment to seeing Iraq succeed, according to a statement of election principles shaped heavily by national security crises.
