Insight and inspiration in turbulent times.
What was the biggest oil story in 2004? I posed this question to all the Simmons & Company oil experts this year. Oil prices in 2004 were on almost everyone’s list. Even “Peak Oil” got votes – a topic that received more media attention, during 2004, by a substantial margin than ever before.
Latin America is becoming a rich destination for China in its global quest for energy, with the Chinese quickly signing accords with Venezuela, investing in largely untapped markets like Peru and exploring possibilities in Bolivia and Colombia, and especially Venezuela.
The energy-to-GDP ratio is a convenient catch-all for measuring energy usage. But as is the case with many aggregate measures of economic performance, the cost of simplicity is high.
As crude-oil futures climbed above $51 a barrel this week, analysts threw up their hands and wondered why.
Canadian filmmaker Greg Greene has oil depletion on his mind and has made it his mission to spread the news of something that he and others think may be the biggest and most under-reported story around.
What’s good for OPEC is no longer good for one of its smallest members and its only representative from Asia. While most oil ministers, from Saudi Arabia to Venezuela to Libya, say high prices are here to stay, one oil minister may be trying to talk prices down.
Is the world running out of oil, and if so what does it mean? Meet Kenneth S. Deffeyes, author of Hubbert’s Peak, and Peter R. Odell, author of Why Carbon Fuels Will Dominate the 21st Century’s Global Energy Economy.
“From the shift away from exploration spending and toward development spending you can see that the supermajors in particular are focusing on getting their returns from what they have got already, rather than going out and finding more,” said IHS Energy’s Chew.
Representative Ellen Story of Amherst is hosting an informational
session on Peak Oil and its consequences in Boston on Tuesday. The purpose
of the session is to inform Massachusetts’ legislators, staff, and the public
about the implications of the imminent decline in global petroleum production.
A letter to Urbansurvival.com that debunks two of the favouite myths of peak oil sceptics: that oil discovery will or can increase, and that higher prices will ‘find’ or make exploitable ‘new’ oil.
The results of the third round of elections in Ukraine in which Viktor Yushchenko has just been proclaimed the final winner, far from being grounds for jubilation in Ukraine and beyond, ought to give concern for the future of Ukraine to many. The story has major implications for the dollar, oil and gold.
In response to the bold moves by the Bush Administration to move its NATO and direct US military presence into the vital energy choke points of Eurasia, the major Eurasian powers are taking definite steps aimed at self-survival in energy, even military defense. (Considers Peak Oil.)
