Fresh fears emerge of Euro-grab for UK oil
Concern that the European Commission could gain control of Britain’s North Sea oil resurfaced last night.
Fossil Fuels
Cheap oil now, high costs later
IN THE short run, it is good news that the price of a barrel of crude oil has fallen below US$40 (S$69). In the long run, however, this is not good news. In fact, it may be terrible news.
‘It All Leads Back to Texas’
Robert Bryce on the Texas-Washington-international crony network. “If you believe, as I do, that worldwide oil production has reached its peak, then they’ve set up a global showdown.”
Angola’s $370m oil plan stirs up activists
Luanda – The Angolan government yesterday unveiled a $370 million (R2.4 billion) plan to develop infrastructure in the oil-rich Cabinda enclave, in a bid to win over a region that has long pushed for self-determination.
Australia not facing up to reality of energy resources
Australia will have to import oil by the end of this decade as we move into a world where prices are inevitably going to be higher.
US: Good news now, bad news later
We need both cheap money and cheap energy, in particular oil and its derivatives. The problem is that we can print our own money in any quantity the Fed deems sufficient to keep the economy humming along. But we can only provide 40 percent of the oil we must have from domestic sources.
Oil chief: my fears for planet
The head of one of the world’s biggest oil companies has admitted that the threat of climate change makes him “really very worried for the planet”.
Saudi oil targeted, experts say
Escalating sabotage against pipelines in Iraq is heightening fears that terrorists are planning a wholesale assault on energy targets throughout the region and are taking aim at the world’s largest oil supplier — Saudi Arabia.
Richard Heinberg on Dwindling Oil and 9/11
Richard Heinberg speaking to Lynn Gary on Unwelcome Guests SHOW #206 9 May 2004 Dwindling Oil and 9/11 – Part 4 of the International Inquiry on 911’s Unanswered Questions
Crude oil squeeze continues
The important point is this: Why is OPEC busy asking Russia and other non-cartel producers to boost their production if Saudi Arabia has everything under control?
Norway Oil Workers Begin Strike, Cutting Output
Norwegian oil workers are going on strike from today, cutting output from the world’s third- largest oil exporter, after two unions failed to reach a pension accord with employers.
Coal is the future, Howard tells Australians
Despite concerns about global warming, the prime minister’s energy plan stresses the importance of fossil fuels and rejects the Kyoto Protocol
