Bacteria, Underground Fires to Unlock Oil Reserves
Odd methods of getting oil leftovers now more feasible.
Fossil Fuels
Greenhouse to Ice Age?
A few months ago waves of information about a theory called “Peak Oil” started to reveal a potential nightmare upon my computer desktop.
Oil Statistics as an Invisible Political Weapon
It was generally believed that media, as a trustworthy dissemination subsidiary of knowledge, is an independent source of factual information whose purpose is to inform public objectively about current issues based on widest possible range of opinions. Statistics science is a powerful tool in shaping this factual information. Unfortunately it might nowadays used by media as an invisible weapon to promote a particular point of view and to sound more convincing.
Shale oil demonstration plant to close
Queensland Energy Resources, which runs the demonstration plant, says it will be placed into care and maintenance around September. The controversial project has been plagued by environmental issues.
Argentina,Venezuela Fuel-For-Food Deal To Continue
BUENOS AIRES (Dow Jones)–Argentina and Venezuela will extend this year’s fuel-for-food accord over the coming years, giving Argentina the option to continue importing diesel and gasoil from its South American neighbor, if current gas and power shortages remain a problem.(Adds comments from Planning Minister De Vido’s spokesman saying this year’s $ 240 million fuel contract deal would be renewed in 2005.)
Reduced Yukos oil export may affect world oil market
If YUKOS has to reduce oil export, it may affect the world markets’ oil supply, believes YUKOS CEO Steven Theede.
How Long Will the Oil Age Last?
While consumers pay for perceived shortages at the pump, scientists and economists struggle to reach consensus over “proven oil reserves,” or how much oil you can realistically mine before recovery costs outstrip profits.
Venezuela May Suspend Oil Shipments to U.S.
The Venezuelan government said Wednesday it may suspend oil shipments to the United States in case of an eventual conflict with that country.
Oil giant Yukos faces dismantling
Russian oil giant Yukos faced being torn apart after bailiffs said they would sell off its main operating arm to settle a $3.4bn bill for back taxes.
House Panel to Begin a Hearing on Shell’s Reserve Scandal
The House Financial Services Committee in the United States plans to begin a hearing Wednesday on the oil reserve scandal at Royal Dutch/Shell, a move that is sure to expose the company to more public criticism, and could provide additional fuel to class-action suits.
Can Dr. Frankenstein “Secure” this November’s Election?
Could the US presidential election be called off? The stakes are high and they include the world oil peak, rants Chuck Richardson.
Chavez will visit China in October for talks on supplying crude oil to China
Venezuelan President Hugo Chavez will visit China in October to talk about oil as China reaches out for more sources of supply to feed its booming economy.
