Oil

Italy implodes

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But there is a curious sensation around. You know, it is like one of those disaster movies; those where you know that the tsunami will arrive, or the dam will burst, or the volcano will erupt right under Los Angeles. Before the catastrophe, you see people worried about their everyday things; oblivious of the impending disaster. And yet, there are ominous signs all over that “something” is going to happen.

Oil and gas industry uses deceptive energy independence message to push U.S. exports

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With gasoline scaling $4 a gallon recently, plans announced last week by international oil giant BP to export U.S.-produced crude oil ought to have Americans howling. For such a plan to be good energy policy–rather than merely profitable for the oil industry–the United States would have to be producing more than enough oil to meet its own needs. But the country produces nowhere near that amount. Nevertheless, the industry’s deceptive campaign to make the public and policymakers believe that the United States is on the verge of energy independence seems to be succeeding–a push that is really just a smokescreen for selling the country’s oil and natural gas to the highest bidder.

ODAC Newsletter Oct 12

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The International Energy Agency released a new report this week in which it took a detailed look at the prospects for the Iraqi oil and gas industry out to 2035. The conclusion is that oil production in Iraq could increase significantly by 2020 – doubling or even trebling IF, and it is a big if, there is huge investment…

Flying blind

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These thoughts are prompted by the latest wave of lobbying by British business interests for a third runway at Heathrow. I get weary writing about this: I went through the relevant trends at length a couple of years ago and found that in terms of air transport in the richer world almost all the trends were headwinds.