Africa’s oil pool proves tantalising for sharks
Off the West African coast, the sharks are circling the sleepy “chocolate islands” of Sao Tome and Principe, eager to bite off slices of billions of dollars of hoped-for oil revenues.
Fossil Fuels
More Abiotic Oil
Matt Savinar of lifeaftertheoilcrash.net answers some questions about the theory of abiotic oil.
Putting Abiotic Oil In Perspective
Henry Kissinger once quipped, “University politics are vicious precisely because the stakes are so small.” While Kissinger has achieved a level of amorality not conceivable to most of us mere mortals, to my knowledge he has never been accused of being stupid. The recent debate over Peak Oil has certainly been laced with plenty of bitterness, but in this case the stakes are incredibly high. The reality, or lack thereof, of imminent Peak Oil directly affects nearly every person currently drawing breath on this planet.
China’s growing appetite for oil
The country’s oil consumption has doubled in the past decade, and China last year surpassed Japan as the world’s second-largest user of petroleum — consuming about 6 million barrels a day.
Saudi attacks upset oil nerves
Terrorist attacks in Saudi Arabia yesterday prompted fresh oil price jitters before this week’s crucial meeting of OPEC oil producers aimed at increasing production.
Russia promises to increase oil exports, questions remain
Russian Finance Minister Alexei Kudrin promised to boost oil exports if world prices remain high. The promise comes just days after reports that Russia does not have the infrastructure to increase production.
Canada: Investigating phantom barrels in the oil sands
Western Oil Sands Inc. chopped 15 million barrels from the estimated reserves for its part of the Athabasca Oil Sands Project, while its partner Shell Canada Ltd. made no change at all. It all comes down to reporting, and those exempt from NI 51-101 have the advantage
US Navy to Deploy Aircraft Carrier Strike Group in Gulf of
Defense officials have recently spoken of the need for security and stability in the Gulf of Guinea, in part because of the growing number of offshore oil operations there.
BOLIVIA: Deep Division Over Referendum on Natural Gas
A succession of ministers of mining and hydrocarbons in Bolivia have attempted to lead the process of reforming the laws governing the industry, since the country’s president was forced to step down late last year by protests over natural gas policy.
Oil shock puts spotlight back on renewable energy — but for how long?
MIDDLE EAST CRISIS SPURS OIL PRICES… WORRIES DEEPEN OVER WORLD OIL RESERVES… WIND AND SUN: THE ENERGIES OF THE FUTURE. Sound familiar? Those are headlines from 1974, yet they might just as well have come from newspapers today.
North Sea: Oil reserves ‘may stay untapped’
An independent oil company says that more than ten billion barrels of North Sea oil could remain untapped.
Bush was sure that Iraq’s oil reserves would be flowing again by now … Another big mistake
IN July 2002, the Pentagon’s Defence Policy Board was given a briefing by Laurent Murawiec of the Rand Institute. The advisory group of intellectuals and government officials heard Saudi Arabia described as the enemy of the United States. The Saudis were the “kernel of evil, the prime mover, the most dangerous opponent”.
