Insight and inspiration in turbulent times.
Reuters With the price of crude oil hitting fresh highs this week, bringing $50 crude firmly into view, analysts say it will take a sea-change — a recession, an abnormally mild northern winter or perhaps a change in U.S. President — to end the rally in prices.
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.
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.
