Insight and inspiration in turbulent times.
Opponents say terrorists or earthquakes could turn the terminal’s vast stores of super-cooled gas into a mile-high fireball, destroying the port and scorching people and buildings a mile away in downtown Long Beach.
Any government concerned about global security and climate change should be banning 4×4s.
A significant factor behind the higher prices this year is the fear that the global oil industry is close to capacity.
Recent announcements from Repsol YPF, the big Spanish oil and gas company, indicate an ambitious expansion program, with projects planned for countries like Libya and Equatorial Guinea that are not for the risk-averse. But none has attracted as much attention as its gamble on Cuba.
Energy giant Total has shut down oil and gas production in Nigeria in the face of a threatened labor strike that raised management fears that there could be violence, the company said Tuesday.
The minister stressed close contacts between Iranian and foreign contractors to help promote national oil, gas and petrochemical industries.
The fighting in Sudan’s Darfur region, which is being reported in the world press as ‘ethnic cleansing’ and a ‘humanitarian crisis’, reportedly stems from attempts to gain control over the oil resources in the region, claim Arab sources.
China is in discussions with a group of six Middle Eastern countries to establish a free trade pact, state media reported Monday.
Guinness Atkinson Asset Management LLC have released a report to publicise their Global Energy Fund which draws attention to the Hubbert Curve of oil production. “We believe that oil will breach the $100 per barrel level benchmark at some point in the next 15 years.”
Iraq’s oil exports were cut nearly in half as workers struggled Monday to repair a key pipeline shut down after looters sabotaged the line, officials with the South Oil Company and traders said.
Energy price rollover will signal the day when oil becomes “way too expensive and tourism may have a problem in New Zealand’’.
IT SHOULD BE clear by now, even to those in the White House, that America needs a new oil strategy.
