PUTIN’S VISIT TO CHINA: Question marks remain over oil supply
Two days of talks are capped by signing of border pact and other deals but there is no announcement about oil pipeline.
Two days of talks are capped by signing of border pact and other deals but there is no announcement about oil pipeline.
Increasingly, sharing natural resources will require close international cooperation, peace, and security. This is not the 21st century path we are choosing.
According to Dr. Jason Bradford, Ph.D., oil prices at over $50 a barrel reflect the “peak” in oil extraction predicted to occur in this decade. In short, he says, demand will soon exceed supply.
While peak oil has hit the mainstream news, government planning bodies still depend on the “optimistic” forecasts of the international energy agencies. This paper documents these agencies’ past failures and carefully dismantles their research methods, revealing that the world’s governments are acting on false assumptions, blindly moving towards an energy crisis without precedent.
In its October 13, 2004 story ‘Pump Pain
Politics,’ CNN Headline News and CNN Financial News have broken rank with
mainstream television news by addressing the real geological driver behind
rising oil and gas prices.
Ruppert masterfully presents the genesis of September 11th and moves the reader through the early years regarding high expectations for massive oil sources, exposing what’s known as “peak oil” production and into the future.
With oil prices surging, crude producers in the Permian Basin, the U.S.’s oil heartland, are scrambling to squeeze more oil out of their wells.
Higher oil prices mean more cash to British-based oil companies and extra tax for the exchequer. But as domestic supplies run dry the future will bring increased import bills for crude, petroleum products and gas, which is also running out.
Investors know jet-fuel prices are killing airlines’ profits, but they will soon get an up-close view of the damage when major carriers begin reporting third-quarter earnings.
If you believe some experts who say that oil production has either peaked now or will do within 10 years, we could soon be facing massive increases in the price of crude oil. And the knock-on effects would flow on to plastics and many chemicals.
Cartel’s president says strong demand will cause prices to climb through the end of the month.
The U.S. administration will take up strategy for United Nations sanctions against Iran at a meeting tomorrow of senior officials from eight nations.