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.
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.
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.
January’s ASPO bulletin contains some of the month’s most important stories and includes a country assessment of Kazakhstan and details of the next ASPO conference to be held in Portugal.
Peak Oil in three paragraphs.
India has entered into an agreement with Iran to import 7.5 million tonnes per annum of liquefied natural gas (LNG), starting 2009, over a period of 25 years.
China, the world’s second-biggest oil consumer after the U.S., plans to start filling a government- controlled strategic oil reserve next year, a Chinese official said.
The prospect of Chinese and Indian oil companies buying oil and gas-producing assets in the US and Russia is changing the landscape in which the western oil majors operate.
An impending crisis that could have a detrimental impact on the oil and gas infrastructure and fishing industry in the United States is leading scientists to investigate how to stop rapid deterioration and to start restoring marsh land in Louisiana’s southern coastal wetlands-which are losing a piece of land the size of a football field every 35 minutes.
Until about five months ago, Mel Hutto had never heard of “peak oil,” the belief that global oil production will decline and never return to the levels that have nourished American lifestyles.
Among the many prolific oil fields in the Middle East, the giant Ghawar field in Saudi Arabia stands out as the crown jewel.
ConocoPhillips’ decision to bow out of a lobbying group focused on opening up the Arctic National Wildlife Refuge to drilling means that two of the largest operators on Alaska’s North Slope are no longer actively advocating exploration in the refuge.
Long discussion of oil fundamentals, particularly the complexity & dynamics of markets, followed by superficial look at likelihood of production peak and potential of alternatives.