North Sea production wilts
North Sea oil production has sunk more than 260,000 barrels per day from last year, aggravating a shortage of high-quality crude that has stoked record prices.
Barbara Lewis
Are the days of cheap power bills at an end?
MILLIONS of Scottish gas and electricity users face further increases in their bills – despite the recent record price rises. A ScottishPower spokesman admitted: “The era of cheap electricity is over.”
Oil industry calling for fight against environmentalists
Oil and gas industry executives are calling for a battle against environmentalists they see as anti-development.
IMF: High Oil Price a Threat for Years
Tight oil supplies could leave the global economy worryingly vulnerable for years to come, a senior International Monetary Fund official said on Thursday.
Shell make “major” oil find in Brunei
When Shell describes a new oil discovery equal to about one day’s global demand as “major” it’s another sure sign that oil exploration is well past its heyday.
The Consequences of Oil Dependency
Oil and gas account for the lion’s share of US energy consumption and are critical to transportation, home heating, and electricity generation. Soon we will have less of these fuels to go around, despite an expanding population and the constant demand for more energy to fuel economic growth.
Hydrogen economy looks out of reach
Converting every vehicle in the United States to hydrogen power would demand so much electricity that the country would need enough wind turbines to cover half of California or 1,000 extra nuclear power stations.
Sustainable Agriculture: Critical Ecological, Social & Economic Issues
Various ecological, social and economic challenges must be addressed if agriculture is to be truly sustainable. Martin Khor, Director of the Third World Network, discusses the choices facing developing countries and policy makers, and suggests some ways forward.
‘Panic sets in’ as oil prices hit new high
Oil prices have climbed towards $52 on worries about supply problems in the Gulf of Mexico and low oil inventories.
African oil fields: Rewards and risks
West African oil holds great promise for companies in search of diverse sources. But it’s giving U.S. national security planners a new Gulf to worry about: the Gulf of Guinea.
Richard Heinberg predicts coming resource crunch
Oil depletion figures highly in the approaching crisis, and it’s not something new or theoretical, but something society has been living with for decades, Heinberg said.
Oil Fantasies
Energy economist Philip Verleger Jr. attributes the present price run-up to massive miscalculation. Oil companies and OPEC underestimated global demand, particularly from China.
