Insight and inspiration in turbulent times.
Matthew Simmons Energy investment banker Matthew Simmons has challenged the Saudi national oil company to substantiate its claims that it faces no imminent production problems and can reliably supply far greater amounts of oil than at present for at least 50 more years.
Oil depletion and global environmental crises represent a great threat to democracy, writes Peter McMahon.
To deceive ourselves into believing that growth is still possible by labelling it “sustainable” or “green” serves only to delay, and subsequently increase the severity of the consequences of peak oil.
Prices will most likely head back up — and if that happens, growth and the economy will be going down.
The war in Iraq could push oil prices to a record US$100 a barrel, Venezuelan President Hugo Chavez said Wednesday.
RENEWABLE energy sources such as wind and solar energy will continue to meet only a tiny portion of world energy demand, despite their impressive growth.
Oil prices fell on Wednesday as Hurricane Ivan, one of the strongest storms on record, cut the demand for crude oil by shutting nearly 13 per cent of US refining capacity.
World oil production will likely not be able to meet global demand as early as the middle of the next decade, according to a new study by Washington-based consultants PFC Energy.
Rising oil prices and pollution are fueling interest in green power in Asia but experts see no prospect of a rapid switch from the region’s growing dependence on oil, coal and gas.
Big Oil met national oil Thursday during an OPEC-sponsored conference of the world’s most powerful companies, from Exxon Mobil and Royal Dutch-Shell to Saudi Aramco and Venezuela’s PDVSA.
Soldiers from a Fort Carson combat unit say they have been issued an ultimatum – re-enlist for three more years or be transferred to other units expected to deploy to Iraq.
The Kremlin moves swiftly to strengthen its vertical power by giving the green light to a merger between Gazprom and state-owned Rosneft, paving the way for the consolidation of the state’s control over the energy sector.
