Real oil price should be $100: Iranian MP
“I think the real price for oil to be $100,” said MP Kamal Daneshyar. “Therefore, importers are now buying oil much cheaper than the price they’ll soon face”.
staff reporter
Oil to hit US$100 a barrel, says psychic
OIL prices will skyrocket to US$100 per barrel, but the rich in Trinidad and Tobago will continue to get richer and the poor poorer. Yesenia Gonzalez, the 44-year-old Venezuelan psychic, is so confident this prediction would materialise in 2005, that she said she was prepared to put her reputation as a “top international psychic” on the line. [ At least she’s been reading her ASPO newsletters. ]
China to invest $12 billion in Russia
China is planning to invest $12 billion in Russia by 2020, the official China Daily newspaper said Saturday.
Global Scale Politics
While peak oil enjoyed a break out in 04, and even though most Americans know in their heart of hearts that Iraq was about oil, Americans, this election, have yet to really make the connection.
Compromise, Hell!
Economic WMDs are being used against our people in a version of “freedom” that makes greed the dominant economic virtue.
Buoyed by the black stuff
In the last of the Guardian’s series on the UK’s declining oil reserves, oil chiefs explain why Aberdeen has reason to be cheerful…our overall oil reserves may be in permanent decline but there is still plenty of money to be made and no need yet for despondency.
UK boost for biomass fuel crops
The UK is to encourage the production of biomass, crops grown specially for use as environmentally-friendly fuels.
CNN breaks rank with other Television News Outlets linking High Oil Prices
In its October 13, 2004 story ‘Pump Pain
Politics,’ CNN Headline News and CNN Financial News have broken rank with
mainstream television news by addressing the real geological driver behind
rising oil and gas prices.
Oil companies try to squeeze the last drop in U.S.
With oil prices surging, crude producers in the Permian Basin, the U.S.’s oil heartland, are scrambling to squeeze more oil out of their wells.
PUTIN’S VISIT TO CHINA: Question marks remain over oil supply
Two days of talks are capped by signing of border pact and other deals but there is no announcement about oil pipeline.
Global-Scale Problems
Increasingly, sharing natural resources will require close international cooperation, peace, and security. This is not the 21st century path we are choosing.
Oil will peak’ this decade
According to Dr. Jason Bradford, Ph.D., oil prices at over $50 a barrel reflect the “peak” in oil extraction predicted to occur in this decade. In short, he says, demand will soon exceed supply.
