Insight and inspiration in turbulent times.
AFP World oil prices will be driven down over the next two years due to there being enough crude to meet soaring demand, Claude Mandil, executive director of the International Energy Agency (IEA), said here Tuesday.
Channel 4 News has been told by a top Saudi oil industry insider that the American government’s forecast for future oil supplies are a “dangerous over-estimate”. Sadad Al Husseini has just retired as vice-president of the Saudi oil company Aramco.
ATA Airlines Inc., the nation’s 10th-largest airline, filed for bankruptcy protection Tuesday and sold off airport slots and other assets to AirTran Airways Inc. for $87.6 million, to become the latest U.S. airline tripped up by rising fuel costs and fare wars.
Experts say we’re about to run out of oil. But we’re nowhere near having another technology ready to take its place.
The period of liberal reform activism in Saudi Arabia, which had dominated the political scene since the beginning of 2003, has come to an end due to a combination of higher oil prices, a relatively successful security strategy against militants, the continuing importance to the regime of Islamist political currents and the unsettled regional environment that has put an end to this brief spell of political ferment.
Soaring oil prices have convinced governments of the need for a change in energy technology – the race to build wave and tidal stream machines is on.
A campaign to get Northern Ireland households to save energy and the environment is to be launched. A report has said the year 2050 could see more flooding, decimation of the farming industry and the spread of diseases unless we cut back.
A number of large oil producers in the world, including Norway and the UK, had reached their peak in production and the world will have to rely on the Middle East nations to bridge the gap. But even in Saudi Arabia the large oil fields have already been producing for decades and are close to their peak.
The oil industry, faced with record high crude prices, is facing a structural crisis of the severity not seen since the 1970s when crude prices soared to unprecedented summits, an energy consultancy warned Monday.
INVESTMENTS by leading British energy companies in Bolivia’s huge gas reserves are under threat from a popular movement clamouring for nationalisation of the country’s hydrocarbon resources.
A decade after the controversial privatisation of Argentina’s oil, gas and power industries, the state is staging a return to the energy sector with a new company created to influence a market controlled by a handful of mainly foreign companies.
This Presidential campaign has been as ugly and as bitter as any in American memory. The ugliness has flowed mostly in one direction, reaching its apotheosis in the effort, undertaken by a supposedly independent group financed by friends of the incumbent, to portray the challenger—who in his mid-twenties was an exemplary combatant in both the Vietnam War and the movement to end that war—as a coward and a traitor.
