Insight and inspiration in turbulent times.
staff writer The United States is attempting to convince Japan to ditch Iran as an oil supplier in favor of Libya. Though such an arrangement would greatly assist U.S. strategic aims in the Middle East, it would make sense to Japan only if Iran were plunged into war.
Halliburton Co. and other U.S. contractors are being paid at least $1.9 billion from Iraqi funds under an arrangement set by the U.S.-led occupation authority, according to a review of documents and interviews with government agencies, companies and auditors.
Record oil prices above $40 a barrel are barely curbing surging demand growth in major consuming nations, despite concern over the economic fallout of higher energy costs.
Five minutes before he was supposed to take the stage, Marion King Hubbert’s bosses at Shell Oil called him on the phone and begged him not to go through with it.
Oil prices are in a state of flux or so we are told. But the truth of the matter may be far simpler than that; maybe production cannot meet soaring global demand.
If production in the desert kingdom has in fact peaked, as some experts say, the alternatives aren’t easy, if they exist at all.
Cities throughout California—the nation’s largest car market—prohibit the heaviest SUVs on many of their residential roads. The problem is, they don’t seem to know they’ve done it.
Cal Tech professor David Goodstein says the worldwide peak for production could be reached in 10 years or less resulting in severe inflation and economic ruin.
Morgan Stanley on Wednesday cut its weighting on the European oil sector to “neutral”, saying sky-high prices could fall by $15-$20 a barrel in a short time.
The Iraq Oil Ministry is undertaking the most comprehensive evaluation ever of the giant oil fields that are the country’s biggest natural resource, an important first step toward understanding the potential output of the fields and estimating the amount of investment needed.
The latest inbox scam reveals a deepening crisis in the US. (Humor)
OIL prices could potentially hit $100 per barrel, analysts at Deutsche Bank warned yesterday – as the cost of US light crude hit a 21-year record of almost $44.
