Oil output in Venezuela falls short of OPEC quotas
Oil output in Venezuela falls short of quota set by the Organization of Petroleum Exporting Countries (OPEC), according to a report by the organization.
Fossil Fuels
Oil flow peaks as demand builds
Oil price declines won’t last long, many energy experts say, and Americans may have to get used to higher prices for everything from gasoline to groceries.
Demand for Oil Could Outstrip Supply
A respected oil-forecasting group predicted that the energy industry may be unable to produce enough oil to meet projected demand by the end of the next decade, in a study that lends support to a small chorus of analysts who warn that a peak in petroleum output is looming in the years ahead.
Russia Ready to Strike Against ‘Terror’ Worldwide
Russia’s top general threatened Wednesday to attack “terrorist bases” anywhere in the world, as security services put a $10 million bounty on two Chechen rebels they blame for last week’s school siege.
Author Predicts Energy Crisis
Julian Darley, the founder of a Vancouver-based energy think tank has claimed that North America is on the verge of “a full-blown natural-gas crisis”.
Ten specious fallacies on current world’s high oil prices
The anxiety, tension and panic induced by the oil prices permeate between the markets and the governments, which in turn makes it harder for people to understand the international oil market, and its underlying relationship to geo-politics and geology.
How long will the world’s oil last?
Since oil production peaked in the United States in 1970, a growing number of geologists, economists and industry analysts have been pondering the question of just how long worldwide supplies will keep up with growing demand. And some are predicting that global production may peak as soon as next year.
Nanotech: Up and Atom
A Nobel Prize-winning chemist says the impending world energy shortage requires several miracles of science that nanotechnology can help to deliver.
Energy efficiency comes at cost
Energy giant Exxon Mobil Corporation said while energy companies continued to work on reducing greenhouse gas emissions, there were some big challenges in bringing clean energy products onto the market.
Saudi Arabia, China agree to formal political dialogue
Saudi Arabia and China have reportedly agreed to hold regular political consultations.
Mexico Eyes Deep-Water Oil Reserves
Some say the estimates of the new reserves may be too optimistic. But even if the oil is there, Mexico may have hard time getting at it.
Oil that is – black gold, Texas tea: Three books on the politics, economics, and depletion of oil
A bevy of scholars and policy analysts have seized this important moment of high prices and oil-related war to write about petroleum. Three new titles focus on the evocative political implications of our national chemical dependence.
