Asia bent on having own oil market despite warnings
Several Asian countries are pushing ahead with their long held objective of establishing a regional oil market for cheaper supplies, despite warnings such an initiative could backfire.
Fossil Fuels
Forecasting the availability and diversity of global conventional oil supply (Summary)
An independent study has modeled various scenarios to project possible dates of global oil peak. The modelers used data from both the USGS and ASPO to reach their conclusion that ‘the answer to the question, “how much longer can we increase oil production?”, seems to be probably not much more than 30 years, and perhaps less than five.’
Geo-Green dreams
If Geo-Green ideas are unchallenged, we will watch tragedy unfold as unsustainable proposals continue to be written as energy policy in Washington D.C., with billions spent on blind industry wish fulfillment.
Battle for Canada’s underground resources
While Congress debates whether to allow oil and gas drilling in Alaska’s Arctic National Wildlife Refuge, a similar battle with much higher stakes is under way in northwest Canada.
Back to the post-oil future
The imminent demise of the global petroleum industry will necessarily entail a complete redesign of industrial societies.
China able to cope with high oil prices ahead of stocks build-up
China, possessing the second-biggest currency reserves in the world, will have no difficulty in paying for strategic stocks of crude oil later this year despite the high cost of energy, analysts said.
Peak oil puts us in a different reality
Peak oil means that we are entering into a reality far different and much more threatening than the one to which we are accustomed.
India to enhance energy cooperation with Saudi
India’s ties with Saudi Arabia are set to scale new heights through enhanced bilateral investments and intensified energy cooperation between New Delhi and Riyadh, the Petroleum Minister, Mr Mani Shankar Aiyar has said.
Global resource wars: The Rosetta Stone
What is the nature of the connection between an ill-planned war in Iraq; the steadily increasing pressure on dissent in the United States; the ongoing estrangement between the United States and its traditional allies; the increasing strains with the country’s Canadian neighbor; and the forbearance shown to China as opposed to the increasing distrust of Russia?
Yemen facing economic tests amid falling output
Yemen’s economy could survive without policy adjustments in the short term but falling oil production means the government would have to make economic corrections further down the road, the International Monetary Fund said yesterday.
The Dawn of a New Oil Era?
The interesting question about the advent of $50-a-barrel oil is whether it signals a new era in the economics and politics of energy. To sharpen the question: have we entered a period when, owing to consistently strong demand and chronically scarce supplies, prices have moved permanently higher?
Out of Gas: Sediments in Northern Gulf of Mexico Not Right for Methane Gas Hydrate Formation, Study Shows
Marine sediments in the northern Gulf of Mexico are likely too warm and salty to hold the amount of methane gas hydrates – a potential energy resource – originally thought to exist in the ocean floor there.
