Outspoken oil expert challenges common ideas
“The odd thing about oil prices in the last 20 years was how unbelievably low they were, as opposed to how odd it is that oil prices are at the level they are today.”
Fossil Fuels
Oil Price Hike: Reasons and Impacts
Dr Muhanna gives five reasons for higher oil prices excluding oil depletion.
Law firm coffers fuelled by UK’s switch to liquefied natural gas
Consumers may be up in arms, but a host of law firms are reaping the benefits of the UK’s dwindling gas supplies as preparations hot up for the country’s first liquefied natural gas (LNG) import terminals.
The Fourth World War
For two years, the U.S. has pursued war with a vengeance that has shocked and awed ally and enemy alike. But even the devastating attacks on the Afghan and Iraqi regimes don’t illustrate the true scope of the campaign. While everyone was preoccupied with the fireworks, Washington has quietly deployed thousands of agents in a secretive struggle that may last a lifetime.
Bush’s “last man standing” approach to oil depletion
The Bush Administration in a second term may have a strategy for itself and its powered elite: to be the “last man standing,” adopting the strategy author Richard Heinberg describes as the worst possible reaction to global oil peak.
Global oil crisis lurking
Many energy experts predict that not only won’t the price decline last long, but Americans soon will have to say goodbye forever to plentiful, cheap oil.
Barreling toward disaster
“Experts say the stark reality is that oil and oil-derived products will inevitably shoot up again in price as demand exceeds production. And this will happen sooner than most people think.”
Canada presses claims in Arctic region
Hundreds of Canadian troops were all around. Helicopters swooped over the tin roofs of this isolated hamlet. A navy frigate and coast guard icebreaker were moored and readied in a nearby fjord.
No relief in Indonesian oil slump
With the price of oil hovering around US$40 per barrel, it is easy to assume that the oil-producing countries are laughing all the way to the bank. Indonesia, a seasoned player in the yo-yo market of oil revenue, has been careful not to take the current financial windfall too far, however, and for good reason.
Australia: Import crisis as our fuel tank runs low
Even with new discoveries, increasing domestic demand means Australia will need to import more and more of its oil over time.
Crunch makes fuel options mandatory
Neither President Bush nor his Democratic rival, John Kerry, has shown the vision demanded by the critical problem of the nation’s overdependence on depleted fossil fuels.
Warning by Yukos drives oil prices up
World oil prices rose on Thursday after Russia’s largest oil producer, Yukos, said a court ruling “paralyzes” the company’s operations.
