Insight and inspiration in turbulent times.
A top U.S. military commander proposed American help Monday in monitoring West Africa’s Gulf of Guinea to secure an unstable region that holds as much as 10 percent of the world’s oil reserves
As the second greatest crude oil consuming country in the world, China has seen a the gap between domestic ability to supply and demand for crude oil widen in the first five months of this year, according to figures released by China Customs.
The world’s dependence on OPEC’s oil is expected to increase again next year, supporting cartel efforts to keep prices high as robust demand growth outpaces non-OPEC output, a Reuters survey found on Monday.
“I believe that the world’s oil production peak has been reached in recent weeks. Why?”
In the past two months no fewer than a dozen people in Iraq and Saudi Arabia demonstrated in three separate incidents their willingness to die for the cause of hurting the U.S economy in what appears to be a new phase in the war on terror.
The battle for control of Yukos, the Russian oil giant, has taken a fresh twist after it emerged that the country’s authorities have drawn up secret plans to seize control of the group’s oil.
Darfur, the international community unanimously agrees, is “the worst humanitarian crisis of our time”.
Low-level tensions between Canada and the United States over sovereignty of an offshore sliver in the Beaufort Sea are moving from simmer to boil.
“I believe Humanity must grow accustomed to living with an expensive oil, to treat hydrocarbons as a non-renewable resource and to look for alternative energy sources. It seems that oil is not going to get cheaper.”
The Saudi officials’ announcement that they were satisfied with the current level of world oil prices may constitute an implicit fait accompli, an acceptance of their inability to increase production substantially beyond current levels, bringing the days of peak oil production ominously closer.
Review of Paul Robert’s book The End of Oil.
The Philippines called on China on Saturday to “desist” from provocative actions in the disputed Spratly islands region after reports a Chinese company was exploring for oil and gas near the area.
