Turkey: Oil Crisis Process Starts
Since crisis is defined as a sudden unexpected happening that hurts people and economies, it can said that the oil issue has turned into a crisis.
Fossil Fuels
Saudi production slips
Despite pledges to increase its output, Saudi Arabia, OPEC’s largest producer and exporter, produced about 9.13 million barrels a day of oil in July, down from 9.52 million barrels a day in June, according to Petrologistics.
NZ: ACT clings desperately to flat-earth policy
By way of clarification, the issue isn’t that the world is running out of oil, it will of course, but not for some time. The real issue is that the global production of oil is about to peak, after which we will move into a period of decline, this production decline will be permanent.
Chavez victory is a rout for rich
PRESIDENT HUGO Chavez has won a resounding victory in a referendum designed to topple him and the government of Venezuela—a government hated by the rich and powerful in both Caracas and Washington.
(Temporary) Continuance of the American Way of Life At State in Iraq
The American government officials and presidential candidates of both parties know all about Peak Oil and the fact that (UNDER ALL CIRCUMSTANCES) the American way of life (as we know it) is nearing its end.
Historia Bush (excerpt)
Panicked by looming peak oil, the Bush administration jettisoned the Constitution and international law in a grab for the Middle East bonanza. They thought to control the region, but that is quite impossible.
China: 1.3 billion reasons to worry about oil
American leaders have good reason to worry about the price of oil. Oil price shocks can play a decisive role in ending a presidency, as in the cases of Presidents Jimmy Carter and George H. W. Bush.
China’s crude oil imports in July up nearly 40% year-on-year
China’s imports of crude oil in the first seven months rose nearly 40 percent from a year ago as the energy-hungry economy expanded at close to double-digit levels, state press reported.
OPEC President Retracts Slip Of The Tongue – But Reality Is Grim
OPEC first confirms then denies then confirms again that it is pumping at full capacity amid questions about Saudi Arabia’s reserves.
Foreign companies bidding for newly discovered oil field in Iran
Foreign companies are rushing to win bids for development of a new oil field discovered in the southwestern province of Khuzestan with recoverable reserves of around three billion barrels.
The coming global recession in 2005
A recession may be looming especially with the unprecedented rise in world oil prices, which have historically presaged every recession in America. Add to this fears that Saudi Arabian oil production may be peaking.
Shell ‘could be target for Total’
Oil giant Shell could be bracing itself for a takeover attempt, possibly from French rival Total, a report claims.
