Insight and inspiration in turbulent times.
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.
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.
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.
Doubts cast on the wisdom of the US/Iraqi administration going for maximum production from Iraqs degraded oil fields.
The Bulletin of the Atomic Scientists takes notice of the peak oil problem.
Today gas has never been more vital to the UK’s energy needs, and never more of a possible future strategic and political concern.
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.
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.
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.
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
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.
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.
