China and India raise the stakes
The prospect of Chinese and Indian oil companies buying oil and gas-producing assets in the US and Russia is changing the landscape in which the western oil majors operate.
The prospect of Chinese and Indian oil companies buying oil and gas-producing assets in the US and Russia is changing the landscape in which the western oil majors operate.
And the one mantra rising above the conference chatter that might create enough political muscle to kick-off that shift [to renewables] can be summed up in two words: National Security.
Russia said Friday it had ordered the construction of an oil pipeline from its huge Siberian oilfields to the Pacific Ocean opposite Japan, in a move to boost export opportunities throughout East Asia and to the United States.
Heinberg speaks on Peak Oil and other threats to industrial society, the universal ecological dilemma, and coordinated and cooperative responses to our predicament. (2-hour audio)
Chinese demand for the Alberta oil sands — the second largest reserve of crude on the planet — puts the United States in the difficult position of balancing its commitment to open markets with its desire for secure supplies of energy, says Alberta’s new envoy to Washington.
So it appears that we may have reached an energy breather. Soft prices will be welcomed most graciously by those in denial of peak oil. Yet this will also give those of us who are aware a chance to prepare – perhaps our last chance before the roller coaster dives down the declining slope of production, carrying all in it.
The United States is helping the interim Iraqi government continue to make major economic changes, including cuts to social subsidies, full access for U.S. companies to the nation’s oil reserves and reconsideration of oil deals that the previous regime signed with France and Russia.
A Peak Oil Nightmare
A Christmas wishlist from from one of the most energy rich nations on Earth but where the electricity rarely functions…
An oil rich nation, where a minority is accused of benefiting disproportionately from mineral wealth…Clashes between police and the inhabitants of oil-producing areas that result in deaths…A scene from Nigeria? No – Ndolou, in south-western Gabon.
Gazprom, Russia’s state-controlled gas monopoly, could team up with the China National Petroleum Corporation to develop the Yukos oil company’s main production asset, sold to a mystery bidder on Sunday.
Apart from pure avarice and ego, the actions of the Bush Administration have the appearance of incredible desperateness. It is that desperateness – their desperado-like, passionate, furious recklessness – which must cause us to ask, does the Bush Administration know something that we do not know? What do they know that makes them act like desperadoes?