Insight and inspiration in turbulent times.
A team of market forecasters that correctly predicted the oil bust of the 1980s thinks history will not repeat itself, at least for now. “I think the real key is the peaking of world oil production,” said Groppe, a partner with Groppe, Long & Littell, who has consulted the industry for a half century.
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.
I wish to draw the attention of this house to scientific evidence that the world production of oil and gas will soon begin to decline and the devastating consequences that this will have on the world economy and that of South Australia.
The end is in sight for the Baku-Tbilisi- Ceyhan (BTC) Crude Oil Pipeline Project designed to transfer Caucasian oils to the global market.
Japan will protest to China after concluding that a nuclear-powered submarine that intruded into its waters this week belonged to the Chinese navy. Tokyo and Beijing are also at odds over a Chinese gas field project in a disputed part of the East China Sea.
South Australia should be acting now to avert the economic, social and agricultural catastrophe that will come as oil reserves decline and prices soar.
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.
