India steps up quest for energy supplies
High prices are unlikely to erode India’s booming demand for oil and the country has stepped up negotiations with producer nations to secure its energy supplies, said oil minister Mani Shankar Aiyar.
Reuters
West Africa, a big exporter to the U.S., demonstrates the ‘paradox of plenty’
While sought-after commodities like oil can generate immense revenues for an exporting nation, they can also end up inflicting great damage on its economy and political culture.
Crude dudes
Ties together the cash-rich oil multinationals, US VP Cheney’s Energy Task Force, and the drive to privatise Middle East oil reserves via a war for ‘freedom and democracy’.
Water Crisis Looms in Africa
Water problem has of late become of great concern to many African countries. At a recent conference attended by 1000 delegates in Addis Ababa, water experts said that Africa was facing a water crisis affecting 300 million people.
Exxon calls for off-limits oil to sate demand
Oil producers’ struggle to keep up with rampant global demand growth will only be won with access to oilfields now off-limits, Exxon Mobil chief executive Lee Raymond said yesterday.
Hegemony or Survival?
In Hegemony or Survival, Noam Chomsky suggested that our leaders, facing the choice in the book’s title, might well opt for hegemony over survival.
Time to pump cash in, not out
IF THEY sound worried, it is because they are desperate. The multinational oil companies are rolling in cash but they have little to spend it on.
High oil prices expected to be the norm
The world of crude has flipped upside down, with high prices becoming the norm, says the president of Devon Energy Corp., the largest U.S. oil and gas independent.
India asks OPEC for uniform pricing policy
India Friday urged the Organisation of Petroleum Exporting Countries (OPEC) to adopt a uniform pricing policy for all buyers and not charge a premium from developing countries in Asia.
Get used to high oil prices, they are here to stay
Oil prices may have fallen about 10 per cent from their high near $US50 a barrel in mid-August, but that’s not deterring fund managers, many of whom say the long bull run has a lot of life left in it.
YUKOS raises Yugansk reserves estimate fivefold
Russian oil major YUKOS, fighting to prevent a cheap fire sale of assets in a tax dispute with the state, boosted oil-reserve estimates of its core Yugansk unit fivefold today.
UN body warns of US$ crisis
The US dollar is likely to be devalued to deal with the booming trade deficit in the United States, raising the prospect of global financial instability, the UN Conference on Trade and Development said yesterday.
