How Long Can We Hang On to our Impossible Lifestyle?
in the United States–we have before us an utterly unsustainable process. For every calorie you consume, ten calories of fossil fuel go up in smoke.
Fossil Fuels
Australia: Energy future is still ‘on precipice’
“…and alongside those issues was the alarming decline in Australia’s self-sufficiency in crude oil, which forecasters say means we will have to import most of our crude oil and petroleum products from overseas by 2008.”
Get Ready for $50US Oil!!
Many geologists believe we are in for a period of significantly higher oil prices, while nearly all economists and the analyst community predict oil prices will fall. Who do you believe?
Angola’s Elusive Oil Riches
Last month, the Angolan government did something startling: it announced that an oil deal signed with ChevronTexaco would bring the country $300 million.
Americans guzzling the gas
With new gas so hard to find and so costly, companies that want to show growth are prospecting on Wall Street.
Oil and consumers widen US trade deficit
AMERICA’S trade deficit widened unexpectedly in April to a record US$48.3 billion (£26.7bn), as strong consumer demand and the highest oil prices in 21 years pushed imports to unprecedented levels. The monthly trade gap was well above Wall Street forecasts of $45bn (£24.8bn).
China: Severe energy shortage warned
An industrial report of the State Information Center with the National Bureau of Statistics forecasts China will face a more severe power shortage this year than it did in 2003.
Asia-Pacific: Get set for an LNG explosion in the region
New demand for LNG in the Asia-Pacific region.
Analysis: Is Saudi oil in peril?
Islamist terrorists targeting Westerners in Saudi Arabia continues to raise security concerns despite assurances from authorities that the situation has not reached “crisis levels,” as the kingdom’s Islamic Affairs minister claims.
BP defends oil reserve estimate method
BP PLC on Monday defended its method of estimating oil and gas reserves, and said that its figures would not show a “material” change when it recalculates them for submission to regulators in the United States.
IMF calls for alternative oil initiative
Financial globalisation has raised the risks of contagion, or the knock-on effects through which one country’s vulnerabilities can spread through the global economic system.
Halliburton faces probe by US regulators
US regulators had formalised an investigation of whether a joint venture including Halliburton, the world’s biggest oilfield contractor, violated anti-bribery legislation to win orders for work on a Nigerian gas plant, the company said at the weekend.
