Guzzling Gas
IN POORER COUNTRIES, a rise in the price of bread can set off a revolution. In this country, the price of gasoline sometimes seems to have the same kind of power.
Fossil Fuels
The Perfect Storm That’s About to Hit: Rising Oil Prices and a Weak Dollar could Shatter the Global Economy
The average nationwide price of a gallon of gasoline in America reached a record high of $1.77 this month. Get ready for what might become the economy’s version of the perfect storm later this summer. The devastation could quickly spread to the UK and the rest of the world, with dire consequences for the global economy.
HAITI & VENEZUELA–COUP & EMPIRE (Part One)
In this two-part analysis, Stan Goff exposes the underlying forces driving the current crisis in Haiti. The recent coup d’etat is only the latest in two centuries of violent transfers of power in that country – but today the regional balance of forces is refreshingly new.
Forecast Of Rising Oil Demand Challenges Tired Saudi Fields
Energy forecasts call for Saudi Arabia to almost double its output in the next decade and after. Oil executives and government officials in the United States and Saudi Arabia, however, say capacity will probably stall near current levels, potentially creating a significant gap in the global energy supply.
Former Iraqi oil minister calls for Iraq production cap, reservoir repairs
Doubts cast on the wisdom of the US/Iraqi administration going for maximum production from Iraqs degraded oil fields.
Oil: The illusion of plenty
The Bulletin of the Atomic Scientists takes notice of the peak oil problem.
UK: Growing concern over gas imports
Today gas has never been more vital to the UK’s energy needs, and never more of a possible future strategic and political concern.
Saudi Oil Minister: $25 crude would be a “miracle”
Saudi Arabia would like to see OPEC’s reverence price for oil remain constant at $25 a barrel, but the country’s oil minister said Wednesday it would “be a miracle” if that happens.
Algeria blast to hit LNG exports, importers calm
LONDON, Jan 20 (Reuters) – A huge explosion at the Skikda liquefied natural gas (LNG) plant in Algeria will hit the country’s gas exports to southern Europe but importers played down the impact on Tuesday saying they had plenty of alternative suppliers
Lehman Sees US Gas Supply Down 3% In 2003, Down 1% In 2004
NEW YORK -U.S. natural gas supply declined last year and should continue to do so in 2004, but at a slower pace, according to a report by Lehman Brothers.
US-Mideast oil ties undergo rapid change
Once upon a time there were four American oil companies that controlled the world of oil. Their names were Exxon, Mobil, Chevron and Texaco. But in the past 40 years, the world of oil has been turned upside down.
US: Utility bills skyrocket due to higher oil and natural gas prices
Utility bills are soaring this winter, hurting homeowners and businesses alike, for reasons that have less to do with nasty weather than with tight supplies of natural gas and oil.
