Venezuela says oil prices could hit $100 a barrel
The war in Iraq could push oil prices to a record US$100 a barrel, Venezuelan President Hugo Chavez said Wednesday.
Fossil Fuels
Opec to lift production ceiling
Oil producers’ cartel Opec has agreed to raise its production quota by 1 million barrels a day, taking the daily limit to 27 million barrels. But as Opec’s daily output is already running at about 28 million barrels, it is unclear whether the new quota will result in extra production.
Russia warns BP it can revoke oil licences
Russia has warned that production licences of foreign and domestic oil companies can be torn up at will if the nation’s fabulous natural wealth is not exploited on Moscow’s terms.
Russia pressures Yukos on licenses
Russia turned up the pressure on beleaguered oil major Yukos on Wednesday, threatening to strip it of a key oil production license, a move that could force it out of business.
Depletion – the missing demand element?
Surely it is time that depletion was treated explicitly rather than being buried in the statistics?
Asian oil boom no passing phase
A surge in Chinese and Indian oil demand that has helped push world prices to record highs is no passing phenomenon, analysts say.
Forest Service Halts Yellowstone-Area Oil And Gas Leases
Responding to intense public opposition the U.S. Forest Service has withdrawn plans for imminent oil and gas leasing across a broad swath of scenic national forest lands south of Yellowstone National Park.
Oil Market Over-supplied By Three Million Barrels A Day: Iran
The oil market is over-supplied by three million barrels per day, Iranian Oil Minister Bijan Namdar Zangeneh said here on Tuesday on the eve of an OPEC meeting.
Peak Oil: Suburbia’s looming fire-sale
One of the reasons a great many people, policy makers and leaders find it impossible to face the issue of peak oil is because it challenges the very beliefs that we argue are a priori truths about industrialised western societies, without requirement for justification, our fundamental birth-rights.
Meeting the demand for oil
With OPEC members pumping nearly all the crude they can, analysts worry that a supply crunch is ahead.
Earth’s mantle can generate methane
Untapped fossil-fuel reserves could be hidden deep within our planet.
US: High Costs Hit Working Class
If the matter of America’s energy dependence is not answered in the next few decades, costs could grow faster than expenses related to health care.
