ODAC: Understanding Depletion
A statement by ODAC Board member Chris Skrebowski which aims to clarify some common misapprehensions about the meaning and significance of oil depletion.
Chris Skrebowski
PetroChina to import Canadian crude in 2009
PetroChina Company Limited (PetroChina) recently executed a memorandum of understanding in Beijing with Enbridge, the second largest pipeline operator in Canada. Both sides will work together on a project of building new pipeline and transporting crude oil from Canada to inland China.
US: Caution warranted on oil shale
With crude-oil prices inching toward $60 a barrel earlier this month, renewed talk of tapping Colorado’s vast oil-shale resources wasn’t surprising. This time, federal lawmakers are wisely urging caution in possible shale development to avoid the dislocations of the frenetic oil-shale boom and bust of the early 1980s.
Secret Agent: Rumsfeld Sneaks Off to Baku
Crude crossroads: Azerbaijan is not only a major oil producer and port but also sits in a strategic and volatile place on the Caspian, bordered not only by its bitter enemy Armenia but also by Russia, Iran, and Georgia.
Rubber is Critical, and Vulnerable
Often overlooked, rubber could as easily bring the economy to a halt as oil could.
US lawmakers pass bill allowing lawsuits against oil cartels
Dubbed “NOPEC”, a bill passed by the US Senate Judiciary Committee would allow legal action to be taken against cartels such as OPEC, said Senator Patrick Leahy, one of the bill’s co-sponsors.
Odac warns of global shortage of oil after 2007
THE world faces a global oil supply shortage after 2007, which would threaten economic growth, according to new research by the Oil Depletion Analysis Centre (Odac) which says that not enough major new fields will come on stream to offset declines .
Australian company LNG aspirations in California – It’s all about the game
Seats at the LNG supply table for California are dominated by the high rollers of the oil business and if you are not at the table then you are not in the game.
Will Higher Oil Prices Fuel Inflation?
We have become much more efficient in our use of oil since the 1970s, claim the analysts, and therefore higher oil prices will only have a modest upward impact on inflation. Although the statement is true, the concept masks a lot of dirty little problems.
ASPO: Further Reflections on Middle East Reserves
Undoubtedly, the most important question to try to resolve in modelling future world oil production is the true size of Middle East reserves. It is obvious that the official reports of remaining reserves are grossly unreliable.
More than 30% of our food is thrown away – and it’s costing billions a year
The British may waste more food than any other nation, throwing out 30-40% of all the produce they buy and grow each year, according to research. … modern food production methods may appear efficient, “but the reality is that large-scale manufacturing and rigid supply chains are creating very significant quantities of waste”.
Liberating the power of ‘local’ on the North Coast
Thackara is interested in more than analyzing efforts and predicting trends. He wants design to help create a better future. But many trends and opportunities to build what’s necessary for that future converge in the local.
