Get Ready for $50US Oil!!
Many geologists believe we are in for a period of significantly higher oil prices, while nearly all economists and the analyst community predict oil prices will fall. Who do you believe?
Bill Powers
Angola’s Elusive Oil Riches
Last month, the Angolan government did something startling: it announced that an oil deal signed with ChevronTexaco would bring the country $300 million.
UK: Government ‘failing’ on energy crisis
BRITAIN is moving closer to a blackouts crisis in the energy industry, as the Government was today accused of wasting another year by burying its head in the sand.
U.N. Says Globe Drying Up at Fast Pace
UNITED NATIONS – The world is turning to dust, with lands the size of Rhode Island becoming desert wasteland every year and the problem threatening to send millions of people fleeing to greener countries, the United Nations says.
Americans guzzling the gas
With new gas so hard to find and so costly, companies that want to show growth are prospecting on Wall Street.
China: Severe energy shortage warned
An industrial report of the State Information Center with the National Bureau of Statistics forecasts China will face a more severe power shortage this year than it did in 2003.
IMF calls for alternative oil initiative
Financial globalisation has raised the risks of contagion, or the knock-on effects through which one country’s vulnerabilities can spread through the global economic system.
Halliburton faces probe by US regulators
US regulators had formalised an investigation of whether a joint venture including Halliburton, the world’s biggest oilfield contractor, violated anti-bribery legislation to win orders for work on a Nigerian gas plant, the company said at the weekend.
Asia-Pacific: Get set for an LNG explosion in the region
New demand for LNG in the Asia-Pacific region.
Analysis: Is Saudi oil in peril?
Islamist terrorists targeting Westerners in Saudi Arabia continues to raise security concerns despite assurances from authorities that the situation has not reached “crisis levels,” as the kingdom’s Islamic Affairs minister claims.
BP defends oil reserve estimate method
BP PLC on Monday defended its method of estimating oil and gas reserves, and said that its figures would not show a “material” change when it recalculates them for submission to regulators in the United States.
CBS: Got Oil? (video)
Sharyn Alfonsi looks at reports that oil companies that claim to have growing reserves have not been able to match reserves with production. The companies may have been overstating supplies.
