Bin Laden tape urges oil attack
An audio tape said to have been recorded by al-Qaeda leader Osama Bin Laden has called on his supporters to attack Gulf oil supplies.
An audio tape said to have been recorded by al-Qaeda leader Osama Bin Laden has called on his supporters to attack Gulf oil supplies.
Matthew Simmons, energy banker and former advisor to President Bush, speaks candidly with Julian Darley about ASPO 2004, the media, and more.
An office of the US Department of Energy addresses – and supports – Peak Oil research in this unusually frank document, Strategic Significance of America’s Oil Shale Resource. An essential reference.
Washington, DC—One of the central issues facing policy makers in
Washington and around the globe in 2005 is the prospect of further
instability in world oil markets. This new reality carries both
economic and security risks. Another oil shock could tip the world
economy into a premature recession, while the massive flow of oil
revenues into the Persian Gulf and Russia threatens to derail
economic reforms and foment political unrest.
The world’s biggest energy consumer hopes the African region will provide up to a quarter of its oil imports within a decade, up from 14 percent now, and is working to guarantee stability in one of the most volatile parts of the planet.
The huge economic growth in the world’s two most populous nations has already started to put extra strains on the oil market. Could the newly voracious Chinese and Indian thirst for oil also have dangerous strategic implications?
For at least the 3 decades and probably beyond”we will need to find and produce even more oil than we do today, a very challenging responsibility for all of us in the petroleum industry,” said Rex W. Tillerson, president of ExxonMobil Corp.
Our intricately structured global economy is stupidly buttressed with one thing. More oil, every year.
In few industries do statisticians have to behave like spies, but those charged with collecting data on oil supplies have to rely on secret networks of informers in terminals around the world, who monitor tanker timetables and scrutinise shipping movements to report on changes in import and export volumes.
Lord Browne claims that there are no pressing physical supply constraints on oil.
Many individuals could save themselves a great deal of aggravation by recognizing the fundamental and permanent (or soon-to-be permanent) changes in the crude and products markets instead of berating OPEC and others about some obsolete notion of a fair price for oil.
Scientists meeting at the American Geophysical Union conference in San Francisco debated Tuesday whether the world has plenty of oil for centuries to come — or if it faces impending shortages that might trigger economic chaos, even war, in coming decades.