Transneft: Russian Oil Output Slowing
“Russian companies have underproduced 14 million tons in January-September compared to what they initially planned,” crude pipeline monopoly Transneft’s head, Semyon Vainshtok, said Tuesday.
Fossil Fuels
From Wood to Coal in an Effort to Stop Deforestation
The competition between energy and environmental needs in Niger has taken centre stage of late, with authorities seeking to promote the use of coal in a bid to halt deforestation in the North African country.
Oil-producing nations rank high in corruption
Most oil-producing nations are also rife with corruption, and oil companies should provide more information about their operations to help clean up the market, a global watchdog group said Wednesday in an annual report.
US: Ailing airline Delta reports wider loss
Delta Air Lines Inc. reported a much wider third-quarter loss despite a rise in revenue and warned that its financial situation has worsened to the point where it needs to significantly reduce its costs quickly to turn things around.
Brown Sees Short Path to Oil Independence
“With the price of oil above $50 a barrel, with political
instability in the Middle East on the rise, and with little
slack in the world oil economy, we need a new energy strategy,”
says Lester R. Brown, president of the Earth Policy Institute, a
Washington, DC-based research institute. “Fortunately, the
outline of a new strategy is emerging with two new technologies.”
America’s Perfect Storm
A fiscal train wreck is one thing but when it is combined with the following elements it makes the recipe for a perfect storm as American as apple pie.
Can Britain go back to coal?
It’s black, dirty and desperately unfashionable, but without it the UK may be heading for winter blackouts. Could coal really be the future of British energy?
Bank tips global recession
“As the odds of a full-blown oil shock rise, the prospects of outright global recession in 2005 loom more and more likely,” said Morgan Stanley’s chief economist Stephen Roach in a note to clients. Roach also warned that “there are more cuts to come”.
Preaching Peak Oil in the Local Coffee Shop
I’m not sure why, but every time I walk into the coffee shop, somebody immediately asks me what the latest doomsday scenario is…. Lately I’ve been telling them the end is near because world oil production seems to be peaking, and as far as I can tell, we’re all going to end up riding skateboards and scooters to work.
Is Oil Heading For $100?
What is the scenario in which oil hits $100 per barrel in the next five or six years? Simmons speaks of a phenomenon called “Peak Oil” and says it is “as inevitable as death,” though, like death, predicting its precise timing is not easy.
New Book: Oil, Jihad and Destiny
Oil depletion is not a future event that we can ignore. It is real. It is upon us. The economic and cultural destiny of mankind is inexorably tied to the availability of oil.
Australia: High oil price threatens economy
A recurring question has taken on new urgency in recent weeks – how far can oil prices climb before the world’s economies, Australia included, begin to buckle under the stress?
