Rig Game
HOUSTON – Want to drill an oil or gas well? Get in line. After a stunning 2004, this year looks to be even better for drilling companies. And 2006 could top them both, if prices stay high.
Oil
Big Oil’s Burden of Too Much Cash
Even as fears of shortages grow throughout the world and prices remain high, the cash-rich oil companies are not pouring a large portion of their money into their basic business: drilling for oil. Indeed, oil executives, in their second straight year of rising profits, are finding that too much money is chasing too few oil fields.
Top Russian Arms Exporter Offers Weapons for Oil and Gas
Russia says it plans to sell weapons in exchange for oil and gas, a Russian news agency reported.
BP reserves decline, profits soar
Under the stricter SEC rules, BP replaced only 89 per cent of the barrels it produced. Excluding joint ventures, notably its Russian acquisition TNK-BP, BP’s replacement ratio falls to 78 per cent.
Investment 2005: Assessing the Petroleum Factor
If 2005 were a conventional economic environment, we could invest as we have in the past. Look for industry and market trends, check out the economic indicators, keep an eye on the politicians, and then – with this information in hand – evaluate individual stocks and bonds. But 2005 is not a conventional economic environment. The old rules of investing are useful, but they ignore an essential truth – petroleum has become a wild card.
China and the Final War for Resources
In order for China to become a dominant global power over the United States, “The Final War over Resources”, must be won, states a 1999 report by 2 Chinese People’s Liberation Army Colonels.
Oil stocks will keep falling: IEA
Oil stocks in industrialized nations fell sharply in December and should keep dropping in the first quarter.
Australia: Peak oil and our government: what energy crisis?
A thorough introduction to fundamentals of significance of oil peak that lets the Howard government off pretty light. Fails to mention Australias own rapid decline from peak of the
Oil companies impatient for ‘new Iraq’
This is the face of an elite Iraq that few get to see. Foreign companies invite oil officials to neighboring Jordan to cut deals, since it’s considered too dangerous for CEOs to travel to Iraq, ministry officials say privately.
Caspian oil exports heading east
Construction of the Kazakhstan-China pipeline is set to start in March, ushering in an ambitious project that not only will provide a new source of hydrocarbons to the growing Chinese economy, but also will change the oil balance in the region.
Peak Oil and The Sociology of Knowledge
The significance in differences in argument between what Colin Campbell terms the “flat-earth fraternity” and Peak Oil theorists is profound.
IEA: Oil Demand Growing Faster than Supply
In its monthly Oil Market Report, the IEA again revised upward its estimate for growth in global oil demand, while noting that oil supply dropped in January.
