Goldman Sachs: Oil Could Spike to $105
Oil markets have entered a “super-spike” period that could see 1970’s-style price surges as high as $105 a barrel, investment bank Goldman Sachs said in a research report.
Reuters staff
Russia raises oil export tax
LOS ANGELES — The Russian government plans to increase its oil export duty to a record $102.60/tonne starting Apr. 1. The duty has been $83/tonne since Feb. 1.
During December 2004 and January, the duty was $101/tonne, the previous highest level. Russia’s oil export duty is reconsidered every 2 months.
Going Geo-Green
So where are the Democratic voices linking energy conservation and national security? With awareness of Peak Oil rising along with prices at the pump, it’s time for Democrats to make it clear they are leading the charge for the geo-green strategy.
Shell pumps twice as much as it finds
But similar to industry trend where private oil companies can’t locate large future reserves.
IEA to call for an emergency oil plan
Oil importing countries should implement emergency oil saving policies if supplies fall by as little as 1m-2m barrels a day, the International Energy Agency will warn next month.
Mahathir warns of a dollar catastrophe
Sharp-tongued Mahathir Mohamad, scourge of currency traders worldwide, has said the US dollar is headed for a ‘catastrophe’ and will never regain its old strength.
Oil prices spread to grapes, TVs, pizza
The hike in oil prices is beginning to ripple through the economy, pinching consumers at places far beyond the gas pump.
Cheney’s Oil Change at the World Bank
Dick Cheney, a long-time beneficiary of World Bank largess, has moved to take ownership of the world’s development coffers through his man, Wolfowitz. For his part, Wolfowitz will have a chance to extend his Iraq reconstruction theories to the global level. These concepts mostly involve U.S. control over energy resources.
Sleepwalking to Disaster in Iran
Late last year … I was contacted by someone close to the Bush administration … The Bush administration was keen on achieving some semblance of stability in Iraq before June 2005, I was told … because that was when the Pentagon was told to be prepared to launch a massive aerial attack against Iran.
Peaking World Oil Production Could Cause Severe Disruptions
The United States must act now to deal with peaking world oil production or face disruptions far greater that the 1973 oil embargo or the 1979 Iranian oil cutoff, according to an article in the spring issue of Issues in Science and Technology.
Asia bent on having own oil market despite warnings
Several Asian countries are pushing ahead with their long held objective of establishing a regional oil market for cheaper supplies, despite warnings such an initiative could backfire.
The state of the world? It is on the brink of disaster
An authoritative study of the biological relationships vital to maintaining life has found disturbing evidence of man-made degradation. (The four-year assessment was designed by a partnership of UN agencies, international scientific organizations, and development agencies…)
