Insight and inspiration in turbulent times.
OSLO: In a world growing increasingly worried about oil supplies, there is one large white spot on the fossil fuel map, eyed eagerly by both Norway and Russia, but accessible to neither without a treaty.
The opening session of the 10th South East Asia Australia Offshore Conference will hear that Australia’s demand for oil is greater than supply and the gap is growing.
If you think oil prices are high at $40 a barrel then wait till they are four times that much.
How will you pay to run your car? How will you get the children to school? How will you heat your house? How much will transported food go up in price?
How will we pay for plastics, metals, rubber, cheap flights, Simpson’s DVDs, 3G phones and everlasting economic growth?
The basic answer is, we won’t.
This is the message from the Association for the Study of Peak Oil (ASPO).
It’s 2006. Bin Laden conquers Arabia. Crude prices are nudging $100. A far-off fantasy? Don’t you believe it, writes Oliver Morgan
Hundreds of troops will be deployed to defend vital supermarket depots in the event of fresh fuel protests in the autumn.
News briefs from ODAC.
OIL supplies are now so tight that just 1.5 million barrels of oil a day – less than 2% of global production – is keeping another potentially devastating surge in energy prices at bay, experts have warned.
Ultimately, it’s up to U.S. consumers to wean themselves from their costly addiction to oil, which increasingly is coming from less-than-stable parts of the world. And this will require some tough love.
A US-based rights group denounced Australia yesterday, saying Canberra should be “ashamed” for allegedly robbing East Timor of much-needed oil and gas revenues from the disputed seabed between the two nations.
Shaken energy managers throughout Silicon Valley are finding cheap, long-term electricity deals a thing of the past as they go about trying to replace expiring energy contracts.
Oil prices eased further below $40 a barrel yesterday as an Opec deal to pump more crude outweighed underlying fears of political instability in top producer Saudi Arabia.
A bomb blast has ripped through an oil storage depot in the town of Neftekumsk in Russia’s Stavropol region.
