Saudi Oil Minister Calls on OPEC to Increase Output
Saudi Arabia’s oil minister said the Organization of Petroleum Exporting Countries should increase quotas by 6.4 percent, causing the biggest drop in crude oil prices in more than a month.
Pipe attack ‘slows Iraq oil flow’
A suspected sabotage attack on an Iraqi oil pipeline has caused a significant drop in exports, reports say.
Saudi fields are vital to world’s oil supply
Saudi Arabia is considered the world’s lone indispensable oil supplier. But is it a reliable one?
Study: Cos. More Aggressive in Booking Some Oil Reserves
HOUSTON — Medium-sized energy companies have become more aggressive in booking proved undeveloped oil and gas reserves to compensate for their inability to achieve production growth, according to a report released Monday.
Oil crisis looming: Australian Greens
Spiralling oil prices would force an economic crisis in Australia within 15 years if authorities failed to act now, the Australian Greens said today.
US: gas devotees look for something solid
“LNG will not be coming into this country on the timeline that people have been hoping for. When the gas does arrive here, it will not be at a dollar or two an MCF but at $5 or $6.”
High oil prices reinforce world oil demand
“By 2007 at latest, any Saudi princes that might remain in power will have had their pumping capacity bluff called many times over!”
An oil shock would rattle the entire world’s economies
The oil price, in dollar terms at least, is now the highest it has been since 1990. It was soaring oil prices that tipped the world into three of the last four world recessions — the early ’70s, the early ’80s and the early ’90s — so there is an obvious concern. Add in the fact that the two countries with the largest oil reserves, Saudi Arabia and Iraq, are not in the most stable condition.
How to profit from the coming energy crisis: Stephen Leeb audio interview
Stephen Leeb, co-author of The Oil Factor: Protect Yourself – AND PROFIT – from the Coming Energy Crisis talks about ever higher oil prices and how to profit from it.
Coal supplies dwindle at U.S. power plants
NEW YORK — Coal supplies at U.S. power plants are at their lowest levels in more than three years, sparking concern of possible blackouts this summer when demand is heavy for electricity to power air conditioners.
The Oil Crunch
New York Times columnist Paul Krugman on peak oil.
US: Natural Gas Supply, Demand and Pricing
Financial columnist Andrew Weissman predicts high energy prices for the US.
