Insight and inspiration in turbulent times.
Pete Engardio They are the three scariest words in U.S. industry. Cut your price at least 30% or lose your customers. Nearly every manufacturer is vulnerable — from furniture to networking gear. The result: A massive shift in economic power is under way
India has oil reserves to last only till 2016, if no new discovery is made, the Petroleum Minister, Mr Mani Shankar Aiyar, said today.
The most recent announcement from Saudi Arabia’s oil minister says its production is set to rise, but many in the industry feel the thoughts from Ali al-Naimi are based more on political fiction than energy reality.
If President Bush is looking for a legacy, I have just the one for him – a national science project that would be our generation’s moon shot: a crash science initiative for alternative energy and conservation to make America energy-independent in 10 years.
Amanullah Khan Jadoon, the Pakistani minister for petroleum and natural resources, said on Friday that the Prime Minister is due to visit Iran next month where final talks over the Pakistan-Iran-India gas pipeline project would be held.
Ronald R. Cooke, author of Oil, Jihad and Destiny clarifies some of the curiosities of how the stated price of oil is calculated, and the price projections of the international energy agencies.
UK Foreign Secretary Jack Straw warned that Britain’s growing need for energy over the next decades has to be seen in a “changing context” due to declining production from the North Sea.
“By 2020, we will probably be importing three-quarters of our primary energy needs — and we will need to adapt to that,” he warned when launching his government’s first-ever International Energy Strategy.
The signs are
mounting that a physical scarcity of mineral oil must be
expected much sooner than anticipated. Extreme forecasts
predict that production of known reserves will already peak at
the end of this decade
Here’s another reason we’re going to be sorry that we’ve allowed this administration to plunge the United States into record debt – we’re going to start running out of oil in the next decade or two.
WORLD oil prices continued to plummet yesterday ending fears of a global energy supply crunch.
But the sudden fall, with oil trading down to $US43.20, was not reflected on Asian markets on which Australia’s retail fuel prices are based.
Light crude sold on the Singapore exchange still traded above $US50 a barrel late yesterda
Queensland’s coal producers are struggling to get the product to the coast and onto the boats because of the state’s inadequate port facilities.
The state should be taking full advantage of a tripling in world coal prices over the past 18 months but basic transport is holding up profits.
The Association for the Study of Peak Oil and Gas December Newsletter has an update on the Saudi situation, a country assessment of Canada and much more.
