Oil

Cheap oil: a poisoned gift

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Oil price in July 2008 reached a staggering $147 a barrel, having doubled in price over the previous 12 months. Who would have thought, that within half a year, a dramatic oil-price freefall would bring oil to a 5-year low of $35 a barrel – a price drop of 76%.

However, even though many have sighed in relief, experts are heralding new dramatic spikes in oil prices.

Peak for Pemex could help push Mexico to ruin

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Wednesday, Pemex is expected to release historic reduced output numbers. With everything going wrong with Mexico internally, what can the government do about losing revenue from its largest cash cow? Will Mexico continue to be a steady U.S. supplier? By the time it’s all over U.S. troops may be securing what’s left of Mexico’s oil fields.

A prince and four peaks: peak oil, gas, coal and uranium

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Today the second three-day world future energy summit began in Abu Dhabi. One of the biggest energy conference in the world that is being attended by key policy makers, financiers, leading academics and no less than 400 journalists from all over the world. The conference was opened by the Dutch Crown Prince Willem-Alexander, Prince of Orange and the Netherlands…