Oil supplies ‘over-estimated’
Channel 4 News has been told by a top Saudi oil industry insider that the American government’s forecast for future oil supplies are a “dangerous over-estimate”.
Fossil Fuels
Americans living on borrowed time
In the first of a three-part series Larry Elliott and David Teather explore the economic recovery that never was
Over a Barrel
Experts say we’re about to run out of oil. But we’re nowhere near having another technology ready to take its place.
World oil prices set for significant fall over next two years
World oil prices will be driven down over the next two years due to there being enough crude to meet soaring demand, Claude Mandil, executive director of the International Energy Agency (IEA), said here Tuesday.
Oil prices hit new highs on Norway strike fears
Oil prices raced up to new record highs, approaching 56 dollars in New York amid fears a strike could cripple supplies from Norway, the world’s third-largest oil exporter.
Energy Ostrich
A number of large oil producers in the world, including Norway and the UK, had reached their peak in production and the world will have to rely on the Middle East nations to bridge the gap. But even in Saudi Arabia the large oil fields have already been producing for decades and are close to their peak.
Oil industry faces crisis similar to 1970s, CGES warns
The oil industry, faced with record high crude prices, is facing a structural crisis of the severity not seen since the 1970s when crude prices soared to unprecedented summits, an energy consultancy warned Monday.
National backlash threatens British stakes in Bolivian gas
INVESTMENTS by leading British energy companies in Bolivia’s huge gas reserves are under threat from a popular movement clamouring for nationalisation of the country’s hydrocarbon resources.
The State Jumps Back into the Market
A decade after the controversial privatisation of Argentina’s oil, gas and power industries, the state is staging a return to the energy sector with a new company created to influence a market controlled by a handful of mainly foreign companies.
Post Carbon News Alert: Bush has no doubts about Peak Oil
Pulitzer Prize winning author and journalist, Ron Suskind reports for the New York Times Magazine that George W. Bush knows about oil peak. In fact, he’s got a plan that extends beyond making Iraq the 51st state.
US Dollar Has Longest Losing Streak Since January 2003 on Oil
The dollar fell against the euro for the ninth straight day, the longest losing streak since January 2003, on concern record oil prices will slow U.S. growth.
Researchers seek ‘holy grail’ of oil sands production via underground refineries
The University of Calgary has recruited two international heavy oil experts to chase some oil sands dreams, notably ways to refine raw bitumen underground as “Canada cannot sustain for … more than probably 20 years the use of natural gas and diluent to produce bitumen.”
