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.
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.
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 first confirms then denies then confirms again that it is pumping at full capacity amid questions about Saudi Arabia’s reserves.
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.
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.
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.
It is surprising that the media - left media included - has been relatively silent regarding Venezuela’s upcoming presidential recall referendum.
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.
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.
Oil giant Shell could be bracing itself for a takeover attempt, possibly from French rival Total, a report claims.
While money creates dreams, only abundant energy gives humans the power to realize those dreams. …and the world is running out of “sweet”, cheap oil.
Dr Malcolm Riddoch reports from a conference entitled Oil: Living With Less which featured Dr Ali Samsam Bakhtiari, which took place in Western Australia ealier in the week.