Insight and inspiration in turbulent times.
Latin America is becoming a rich destination for China in its global quest for energy, with the Chinese quickly signing accords with Venezuela, investing in largely untapped markets like Peru and exploring possibilities in Bolivia and Colombia, and especially Venezuela.
China’s breakneck economic growth is causing a dangerous shortage of its most important energy source coal, with potential consequences for the entire world, state media warned.
A letter to Urbansurvival.com that debunks two of the favouite myths of peak oil sceptics: that oil discovery will or can increase, and that higher prices will ‘find’ or make exploitable ‘new’ oil.
The riot at the opening of a north London branch of Ikea last week may have shown human behaviour at its most unappealing and uncivilised, but not at its most unpredictable.
The Organisation of Petroleum Exporting Countries signalled a significant tightening of oil markets towards the end of this year, warning on Wednesday it would have to pump close to its maximum capacity next winter to meet rising demand from China against the backdrop of slowing Russian production.
A new organization is being founded this month in cities across the Midwest – Oil Addicts Anonymous – modeled after the multitude of successful 12 step programs such as Alcoholics Anonymous.
Tony Blair is preparing to commit the country to the biggest nuclear power programme since the 1960s if he wins the forthcoming general election.
China will rely on oil for more than half of its energy by 2010, when net imports will rise to between 180 million tons and 200 million tons of oil a year, a Chinese official said.
If 2005 were a conventional economic environment, we could invest as we have in the past. Look for industry and market trends, check out the economic indicators, keep an eye on the politicians, and then – with this information in hand – evaluate individual stocks and bonds. But 2005 is not a conventional economic environment. The old rules of investing are useful, but they ignore an essential truth – petroleum has become a wild card.
Oil stocks in industrialized nations fell sharply in December and should keep dropping in the first quarter.
As oppossed to an annual crop like corn, wood could offer a year-round source of ethanol, and still supply a feedstock for biomass thermal energy, or co-fired plants.
Construction of the Kazakhstan-China pipeline is set to start in March, ushering in an ambitious project that not only will provide a new source of hydrocarbons to the growing Chinese economy, but also will change the oil balance in the region.
