Oil and Money in western society
There is no known substitute for oil. It is a magnificent gift — something for nothing, which is why we take it for granted.
Oil
Investment: Curves, Peaks and Dips
‘Hubbert’s Curve’ is NOT part of the female anatomy… But it is, nevertheless, a thing of beauty to long-term crude oil investors. Here’s how you profit – including three specific guidelines for crude oil speculators…
What will the rest of the world do if Saudi oil runs out early?
When the world wants guidance on monetary policy it turns to the Federal Reserve. When it comes to oil only one institution can be seen as the “central bank” of crude – Saudi Arabia.
BP opens the coffers as profits soar
BP OPENED its coffers to investors yesterday, promising a step change in the level of the dividend payout. But even as it revealed record profits of $16.2 billion (£8.7 billion), the oil company admitted that it had failed to replace fully the four million barrels of oil and gas that it pumped out of the ground each day last year.
Stepping back from the brink -some sanity at last
Readers should have no delusions about the state of New Zealand; it is being driven off the energy cliff in an orgy of consumption.
The End of The Oil Standard
Few commentators have recognized the significance of OPEC’s January 30 decision to temporarily suspend their price band mechanism. If the suspension is indeed temporary, it may not be that important. If it isn’t, there are some interesting parallels to the suspension of the U.S. gold standard in 1968 to 1971.
OPEC oil output drops gradually in January
Crude-oil production by the Organization of Petroleum Exporting Countries (OPEC) fell 1.2 per cent in January, led by declines in Iraq and Saudi Arabia, a Bloomberg survey showed.
As Green as a Neocon: Why Iraq hawks are driving Priuses
…a curious transformation is occurring in Washington, D.C., a split of foreign policy and energy policy: Many of the leading neoconservatives who pushed hard for the Iraq war are going green.
Shell Cuts Oil and Gas Reserves for the Fifth Time
Royal Dutch/Shell Group cut its reserves for a fifth time, showing its oil and gas holdings were at least a third lower than reported in 2002 after the company misled investors and failed to find new fields.
India Steps Up in the Competition for Russian Oil
The competition for remaining oil & gas reserves just gets hotter, with India’s Oil and Natural Gas Corporation making recent commitments to Caspian and Sakhalin Island projects, meanwhile pursuing stray Yukos assets.
Keeping everyone happy – Putin raises stakes in Asia
Article describes Putins success in using competition between China & Japan for oil supply to pay for a rather long pipeline, while ultimately managing to please all parties.
Higher oil prices rescue beleaguered Shell
A complex look at Shells performance and prospects that, while loosing a few broadsides, fails to draw any useful conclusions from its observations; worth reading for the latest in corporate spins on depletion.
