Insight and inspiration in turbulent times.
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.
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.
The natural gas industry faces a year of conflicting extremes in 2004.
Evidence of a looming North American Natural Gas crisis.
When first assuming office in early 2001, President George W. Bush’s top foreign policy priority was to increase the flow of petroleum from suppliers abroad to U.S. markets.
The world’s oil companies were already double-checking their books before Royal Dutch/Shell Group sent the industry into a tizzy this month by reducing the stated amounts of its proven reserves by almost 4 billion barrels of oil and natural gas. That’s 20% of its total.
LORD BROWNE, chief executive of BP, the world’s second-largest oil company, has warned the City and British industry to prepare for a long period of high oil prices.
AUSTRALIA has offered to send technical experts to the US to convince the California administration of Arnold Schwarzwenegger that liquefied natural gas plants can be environmentally safe and secure.
It is about oil
The International Energy Agency Friday raised its estimate of global oil demand in 2004 by 50,000 b/d to 79.63-mil b/d.
US could follow in wake of Shell scandal
An email from an economist expressing some reasonable concerns about the limited research available predicting or negating imminent oil peak.
