Development of Heavy Oil Blocks Initiated
The probable shortfall of light oil reserve has provoked the countries to initiate exploitation of heavy oil reserves although the latter is of less value.
Fossil Fuels
Shell hit by new lawsuit in US over reserves scandal
Embattled oil giant Royal Dutch/Shell was hit with a new lawsuit in the United States on behalf of shareholders seeking compensation over the group’s energy reserves scandal.
US: Deadly dependence on Mideast oil
Sadly, we will pay a steep price for having frittered away the years, even the decades since the oil shocks of the 1970s.
Ethnically diverse oil zone a tinderbox / Uneasy relations between Kirkuk’s Arabs and Kurds
Leaders of local Arab tribes warn that they are arming themselves to keep the oil industry out of Kurdish hands.
When oil production falters and then falls
Vast quantities of present-day paper wealth, held in the form of inflated stock equities, will never be converted into lasting wealth. For most, this
imaginary wealth will die along with the prevailing market mania [not long after oil peaks.]
Reflection on Colin Campbell’s 1999 predictions
A contributor to the www.PeakOil.com forums, reviews some of Colin Campbell‘s 1999 country by country predictions of oil peak.
We Have Always Spent Iraqi Money on That: Conquer and Plunder Follows “Shock and Awe”
The cost of Iraq’s reconstruction and the practice of awarding large contracts to big corporations with close ties to the administration, such as Halliburton, have been repeatedly criticized over the past year. Recent news reports, however, indicate the truth is even worse.
US: Natural gas prices set to skyrocket in the fall
The bargain-basement wholesale prices of the 1990s are gone, and probably for good.
Oil won’t last; our ingenuity to live with less of it is our test now
It’s impossible to overstate how oil has impacted our lives. Cheap and plentiful oil, combined with human ingenuity, has created a world unimaginable to those who lived only a few generations ago.
Time for an energy revolution
It is now possible to save more oil through energy efficiency than the US could possibly find in the ground, and to do so at a per-barrel cost well below the average market price for oil.
Behind the Scenes U.S.-China Cooperation May Focus on Oil
As a Sing Tao Daily headline reported on the paper’s front page, President Bush and Vice President Dick Cheney met with China’s foreign minister in Houston earlier this month, after former President Ronald Reagan’s funeral.
Worst case scenario of methane hydrate release
A worst-case scenario of climate change from the possible future release of submerged methane hydrates predicts catastrophic warming in the atmosphere and rising sea level similar to conditions that preceded the last ice age
