Putin hints at China alliance for Yukos oil
Gazprom, Russia’s state-controlled gas monopoly, could team up with the China National Petroleum Corporation to develop the Yukos oil company’s main production asset, sold to a mystery bidder on Sunday.
Oil
Big Oil Wields Ultra Deep Influence
Industry demands tax breaks, regulatory changes to hunt for oil at the bottom of the sea….America’s onshore sources are nearly tapped out… Luckily, the United States holds claim to one of the world’s richest oil deposits: the Gulf of Mexico.
World scarcity of oil and gas creates chance to accelerate response to climate change
The recent peak in oil prices was due to the depletion of the world’s reserves rather than temporary supply problems in a number of countries, Feasta, an Irish-based research organisation claimed at the COP-10 climate conference in Buenos Aires.
ESAI: IEA’s Russian oil production forecast ‘optimistic’
“After reaching an absolute post-Soviet peak of 9.49 million b/d in September, Russia’s average daily production has been falling for 2 consecutive months, and November’s drop was the largest single-month decline since January 1999,” said Yulia Woodruff, ESAI’s Russian analyst.
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.
Matt Simmons interviewed after ASPO 2004 (video)
Matthew Simmons, energy banker and former advisor to President Bush, speaks candidly with Julian Darley about ASPO 2004, the media, and more.
US Dept of Energy office supports Peak Oil theory
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.
Worldwatch Institute: Oil Price Surge threatens Economic Stability and National Security
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.
West African Oil Gives U.S. New Security Challenge
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.
China and India’s new thirst for oil brings new dynamics to the market
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?
ExxonMobil president sees long-term energy changes
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.
Seed Corn Economy
Our intricately structured global economy is stupidly buttressed with one thing. More oil, every year.
