Insight and inspiration in turbulent times.
The New Zealand government depends on the IEA’s oil production projections. As concerns about global Peak Oil began surfacing in the mid to late 90’s the IEA has succeeded only in delivering a “business as usual” message but with seriously flawed “hidden variables”.
Thanks to the collusion of industry, financial and government interests, the coming decline in oil production is portrayed as so impossibly far off in the future that there is no sense talking about it – but talk we must.
With no room for error, prices will be volatile. Buckle up. The country could be in for an oil-price roller-coaster ride three to five years long.
There are good reasons to move away from dependence on oil — war and climate change are among them. Then there’s the fact that oil extraction is about to peak, and we don’t have a plan for a world of diminishing oil supplies.
The IEA’s principal oil analyst Antoine Halff is questioned about the recent spike in oil prices and what affect oil geology may be having.
Thatcher’s business partner turns state witness as diplomatic row builds over alleged west African putsch.
The release of Julian Darley’s new book is very timely considering that the prestigious Oil and Gas Journal has just this week come out with a forecast of global gas production peak for 2019.
Coal, traditionally a bright spot in the utility industry, is starting to leave a smudge on electricity bills.
For a decade Washington has backed the Turkish and Azerbaijan governments to steer the export of Caspian region crude oil away from Russia. Russia’s newest riposte has been to ally the Russian and Iranian oil industries, and open up the shortest, cheapest and most lucrative oil route of all, southwards out of the Caspian to Iran.
LONDON –Falling oil output from ageing fields, once insignificant compared with global production, has become large enough to impact world supply and may help explain the constant tightness in the oil market this year, according to analysts.
Trouble still lurks in the country’s massive oil sector, with industry experts warning that Venezuela needs long-overdue investment in aging oil fields.
Nova Scotia’s struggling offshore energy sector suffered a potential death blow yesterday with the closure of the only remaining well slated to be drilled by a major oil company.
