Insight and inspiration in turbulent times.
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.
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.
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.”
“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.
Indonesia, South-east Asia’s biggest oil producer, will be unable to prevent production declining within four years without increased exploration spending to find new fields, Energy Minister Purnomo Yusgiantoro said.
California-based Pacific Energy Partners L.P. plans to transform its two newly purchased regional pipeline systems in Alberta into a mainline to ship growing quantities of oilsands crude to refineries throughout the western United States.
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.
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”.
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.
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.
We need to face up to the crisis in energy consumption. Michael Meacher finds some solutions in The End of Oil by Paul Roberts
A U.S. Army Corps of Engineers report concludes there is a significant risk of construction cost increases for the Hanford nuclear site’s waste treatment plant, the government’s largest construction project.
