Trio vows to pump more oil – but can’t
Leading oil exporters outside the Middle East have pledged to boost production to offset soaring oil prices, but it could be years before Russia, Nigeria and Mexico manage to open their taps.
UK: Oil price leads to turbulence for airlines
Oil analysts are reporting that some airlines are shopping around for hedging insurance as far forward as 2007 — a recognition that the high price is here to stay.
U.K. Conservatives Encourage Fuel Price Protests
U.K. Conservative Party Leader Michael Howard encouraged motorists to protest rising fuel prices and Prime Minister Tony Blair’s plan to boost taxes on gasoline.
Saudi’s Missing Barrels of Oil Production (excerpt)
Even those who believe that this is the decade that oil will peak and decline had thought that the Middle East, and Saudi Arabia in particular, would be immune for at least another ten to fifteen years. Now it seems even that shard of confidence might be misplaced.
As prices hit the roof, oil wars will keep burning
Oil prices are back in the headlines and likely to stay there, as the world’s global energy crosses new thresholds of increased demand, clashing politics and threats of terrorism.
Demand for unconventional oil and gas on the increase
Demand for unconventional oil is expected to reach 10.31 million bbl in 2008, up from 8.59 million barrels in 2003 at an average annual growth rate (AAGR) of 3.7%, said Business Communications Co. Inc., Norwalk, Conn.
Research funds for renewable energy must rise -IEA
PARIS – Governments must spend more on research and development of renewable energy before such secure and clean power can make a real contribution, the International Energy Agency (IEA) said on Monday.
Oil and grains soar, CRB nears record
Crude oil prices set a record high Tuesday on fears that top exporter Saudi Arabia was vulnerable to terror attacks while soaring grain prices also pushed commodity price indexes back toward multiyear highs.
Iraq and the Problem of Peak Oil
Today, much of the world is convinced the Bush Administration did not wage war against Iraq and Saddam Hussein because of threat from weapons of mass destruction, nor from terror dangers. Still a puzzle, however, is why Washington would risk so much in terms of relations with its allies and the entire world, to occupy Iraq. There is compelling evidence that oil and geopolitics lie at the heart of the still-hidden reasons for the military action in Iraq.
Is an oil peak upon the world?
Sharp increases in the price of oil preceded four of the last five recessions.
Africa’s oil pool proves tantalising for sharks
Off the West African coast, the sharks are circling the sleepy “chocolate islands” of Sao Tome and Principe, eager to bite off slices of billions of dollars of hoped-for oil revenues.
More Abiotic Oil
Matt Savinar of lifeaftertheoilcrash.net answers some questions about the theory of abiotic oil.
