Where’s the Oil?
Prices and demand are up. Oil industry revenues are sky-high. So why aren’t oil companies exploring ways to increase supply?
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Prices and demand are up. Oil industry revenues are sky-high. So why aren’t oil companies exploring ways to increase supply?
Partisan report on potential for coproduction from biomass of charcoal for terra preta soil generation and hydrogen, ammonia and diesel.
Spike in Crude rates a structural phenomenon. Current crisis due to combination of limited resources, increasing demand, driven mostly by China and India
In ideal conditions some species of algae grow at very high rates, up to 30 times the rate for land plants. The oil content can be 40%.
A Sunday Herald investigation has discovered that coalition forces are holding more than 100 children in jails such as Abu Ghraib. Witnesses claim that the detainees – some as young as 10 – are also being subjected to rape and torture.
The system is right on the edge, and even small supply disruptions will propel prices upward. This time, oil prices may have taken a ride to a higher-altitude roller coaster.
Experts point to the doubling of the pace of global demand in the past year, little spare production capacity, continuing terrorist attacks in the Middle East, and a controversial presidential referendum on Aug. 15 in Venezuela, the world’s No. 5 oil producer.
Oil will be the driving factor for military intervention in Sudan.
The hope that new technology will increase these production stocks is largely an illusion as its main effect is to deplete the field faster.
Oil will be the driving factor for military intervention in Sudan. Oddly enough, the oil concession in southern Darfur is currently in the hands of the China National Petroleum Company. China is Sudan’s biggest foreign investor.
While much of the world is concerned about whether Saudi Arabia can deliver on its promise to produce an extra 1 million barrels of oil a day, far more attention should be given to OPEC and non-OPEC member countries whose production continues to fall.
The declining oil production of Indonesia and Oman are greater than Saudi Arabias promised increases. Patterns of accelerated decline do not bode well for other old, aggressively worked, fields.