Insight and inspiration in turbulent times.
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.
Commodity prices reached a record high during November, and the three-year “bull run” looks as if it will continue at least into the first half of 2005, said Patricia Mohr, vice-president of economics for Bank of Nova Scotia.
The first phase of a methanol production plant that could become the world’s biggest after completion was inaugurated here Friday by interior ministry and other provincial officials.
The US is facing a critical five-year period in which, unless new steps are taken by consumers, industry and government, there is significantly increased risk of higher, more volatile natural gas and electric power prices, job losses, demand destruction and industry relocations.
When I went to work for Mobil Oil in 1966, M. King Hubbert’s prediction that Lower 48 crude oil production would peak in 1970 was controversial. Debate over the timing of the peak in global oil production can be taken as an indicator that it is getting close.
A new study states that a terrorist attack on an LNG tanker would cause horrific fires, causing major injuries and significant damage to buildings a third of a mile away and second-degree burns on people more than a mile away.
Qatar has reached a 12-billion-dollar deal with ExxonMobil, the world’s biggest oil company, to supply liquefied natural gas to Britain by 2007, Energy Minister Abdullah bin Hamad al-Attiyah said.
Original title: “China gas deal sealed”. -LJ
Colin Campbell, founder of the Association for the Study of Peak Oil, writes about oil geology within the context Russian history. It contains an update on the state of oil and gas depletion in the World’s second most important oil exporting nation.
Climate change triggering landslides / Arctic gas project at risk, expert warns.
Its largest find in Alberta area in nearly 20 years lifts hopes for more giant deposits.
After scores of private meetings with Big Oil giants such as ExxonMobil and ChevronTexaco, the Federal Energy Regulatory Commission is aggressively undermining the authority of state and local governments to reject dozens of proposed liquefied natural gas facilities all across the country.
