Insight and inspiration in turbulent times.
An oil shock potentially endangering U.S. national security and economic interests is the last thing a debt-saturated America, embarking on expensive overseas ventures, needs right now. Yet that appears to be where we are headed today.
The United States may soon decide to ask Japan and China to share security expenses in the Persian Gulf so that it would be able to use more regional energy resources, according to an Iranian oil expert.
There was standing room only at the library conference room, Monday night, as people crowded into the second Willits showing of The End of Suburbia. Most of those remaining after the film discussed working toward a more self-sustaining local economy.
THE tiny West African island group of Sao Tome e Principe has poor roads, rampant malaria and a population of about 150,000. But now City punters are being given the chance to make money out of an oil bonanza that is set to transform one of the world’s poorest countries.
The Royal Dutch/Shell group strongly reaffirmed its long-term commitment to the maturing UK North Sea fields yesterday, saying there was at least 50% more oil and gas to be produced.
The Oil Age, defined by abundant and cheap petroleum that fueled a century of boundless economic growth for the United States and other industrialized nations, is coming to a close more rapidly than most Americans realize.
The industry does think that depletion is happening; there is a lot of disagreement on exactly when and how….
The debate between geologists and economists (primarily Arnott and Odell) is exceedingly polarised.
A sharp increase in oil prices should encourage oil producing countries, but in Georgia production has noticeably decreased.
“Oil production is now in decline in eighteen countries around the world”, said Chris Skrebowski, Editor of Petroleum Review, at yesterday’s Energy Institute oil depletion debate.
Oil exports from Russia – the world’s second-largest oil producer – may decrease within two years, a top Russian oil industry expert warned Tuesday.
Crude oil prices declined to below the $47 per barrel mark today on expectations of continued rise in the US oil and natural gas inventories.
Homeowners who heat their houses with heating oil will see their bills jump more than 37% this winter from a year ago, the government said Tuesday in a report that also projected increased costs for all other heating sources.
