Despite higher gas prices, Americans remain undeterred
Even though oil prices have risen 30 percent in the last year, the United States’ gusto for gasoline has not been shaken.
Fossil Fuels
Africa: Lifting the curse of black gold
The world’s oil giants may shy away from open book-keeping, but when national governments take the lead they have little choice but to fall into line.
New oil proves elusive, and alarm bells ring
Western oil companies are running out of likely places to look, and significant finds are growing rarer. With the most accessible areas either already picked clean or kept off limits for political reasons, exploration teams are having to push into harsher, more remote and less promising territory, where the costs and risks are high.
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.
Project Censored: Secrets of Cheney’s Energy Task Force Come to Light
The Bush Administration’s struggle to keep secret the workings of Cheney’s Energy Task Force has been ongoing since early in the President’s tenure. What has been released reveals plans to occupy the Middle East which predate 9/11.
Project Censored: Media and Government Ignore Dwindling Oil Supplies
U.S. leaders, and the mainstream media, refuse to acknowledge that we are headed for an inevitable oil crisis with extreme consequences sure to impact every aspect of our lives.
World Needs More Oil Capacity -Watchdog
An extra 3 million barrels per day (bpd) of production capacity worldwide is needed to avoid another year of blistering oil prices, International Energy Agency (IEA) executive director Claude Mandil warned on Sunday.
Maui Gas: Experience the Depletion Cliff.
When the question of oil and gas depletion is raised the flat earth fraternity often can’t help themselves laughing whilst pointing out “but we’ve never produced more than we are today, the world is awash in oil and gas”. A sobering lesson is to be learnt by looking at the current depletion rates in New Zealand’s Maui natural gas field.
Australian energy economics firm sees coal prices rising sharply
Sydney-based Energy Economics is forecasting sharp increases in the prices of thermal coal used for electricity generation and metallurgical coal when annual price negotiations are concluded for the new Japanese fiscal year.
Australia: Nuclear energy should ‘be back on agenda’
Rising energy prices could force Australia to re-visit the nuclear power debate, an energy expert believes.
Boom time for oil explorers – but will it last?
Shares in some exploration firms — often a boom-or-bust bet for investors — have tripled and quadrupled in value in the past year, outperforming the sector and giant integrated peers such as Shell and Total.
International companies flock to Libya for oil investment bids
The first round of the public announcement of the blocks offered for investment in oil exploration fields across Libya was held yesterday in Tripoli.
