Pakistan shuts largest gas field after gunbattle
Pakistani authorities suspended gas supplies from the country’s largest gas field after clashes between tribal militants and security forces killed four people, officials said.
Fossil Fuels
Dollar on an oily slope
The unabated rise of international oil prices and depreciation of the dollar will push economic growth in the US down to about 2.5% in 2005, but will have little impact on economic growth in the European Union, where growth is expected to accelerate modestly.
Staring down the barrel of a crisis
The world’s oil production may be about to reach its peak – forever. Such apocalyptic prophecies often surface in the middle of the northern hemisphere winter. What is unusual is that this time the doomsday scenario has gained serious credibility among respected analysts and commentators.
Thatcher case opens opaque world of African oil politics
Sir Mark Thatcher’s decision to plead guilty to unwittingly helping an alleged African coup plot is the latest twist in one of the more bizarre and murky tales in the continent’s history of power struggles involving natural resources.
Norway 2005 Oil Output Seen Dipping to 2.8 Million Bpd
Norway’s oil production is likely to slip to 2.8 million barrels per day (bpd) in 2005 but combined oil and gas output will hit a new record and peak in 2008, the Norwegian Petroleum Directorate said on Thursday.
US investigates risk of losing oil supplies from Venezuela
The US is investigating the risk of losing its share of Venezuela’s oil exports as the government of President Hugo Chávez seeks to steer more supplies towards China and other nations.
Oil find opens door to a less dependent Cuba
On Christmas Day, Cuban President Fidel Castro in the Gulf of Mexico in an area controlled by Cuba. Castro disclosed that the Canadian companies had discovered estimated reserves of 100 million barrels.
The End of Oil?
Ultimately, says Deffeyes, we may just have to resign ourselves to relying more on coal, wind, and nuclear fission for electricity and switching to high-efficiency diesel and hybrid automobiles in order to ration our remaining oil reserves for as long as possible. Abundant energy from fossil fuels was a one-time gift, Deffeyes concludes, that lifted humanity up from subsistence agriculture and has led to a future based on renewable resources
Prophets of doom: the coming oil crisis
The world economy has gotten fairly comfortable with oil at $45 a barrel. But how will it react to paying $100 a barrel three years from now? Or $150 in five years?
US: New Natural Gas Policy Sought
Seventeen organizations–chemical companies as well as environmental and conservation groups–fired off a letter to Congress last week urging a new energy policy to solve the nation’s natural gas crisis.
China: Expanding Into U.S. Oil Sweet Spot?
China continues its attempt to become a major global oil producer. Having mishandled and prematurely depleted the reserves within its own borders, it has embarked on a strategy of global acquisitions.
You did not notice but the third world war started – it is the fight for dominance in oil and trade
This new dangerous third world war is all on trade and energy resources. No country in the world can survive without viable and reliable source of energy without going back to cave ages.
