Insight and inspiration in turbulent times.
The Pentagon hopes that its plan, the Global Posture Review, when fully implemented, will allow for rapid, tailored responses to contingencies that could arise from any one of a number of “vital national-security interests”. However, two of these circumstances are paramount: countering any new outbreaks in the “global war on terror” and reliable access to energy resources.
A Republican-dominated Senate means drilling in the Arctic wilderness will probably go ahead, but not because of the oil reserves.
Over 200 people gathered from around the U.S. to listen to peak oil
experts Richard Heinberg and Julian Darley and create strategies for a community-based reponse to
global oil peak.
Mike Ruppert is the publisher/editor of From the Wilderness or FTW, a newsletter he founded in March 1998 by mailing out 68 copies to friends and researchers. FTW is now read by more than 16,000 subscribers in forty countries including forty members of the US Congress.
The Russian government will auction off Yuganskneftegas, the main production unit of embattled oil giant Yukos, on December 19 with a starting price of 246.75 billion rubles (8.65 billion dollars), the federal property fund announced.
The Organization of Petroleum Exporting Countries, producer of more than a third of the world’s oil, cut its estimate for the growth in world demand this year and next as high prices hurt economic growth.
China’s insatiable demand for energy is prompting fears of financial and diplomatic collisions around the globe as it seeks reliable supplies of oil from as far away as Brazil and Sudan.
Russian oil major Lukoil will export its first trial batch of oil to China in November-December, the company’s vice president Leonid Fedun said at a presentation of the company’s bonds on Thursday.
In Russia’s main oil-producing region in western Siberia, proven reserves represent just 18% to 24% of all oil in the ground, in contrast to about 45% in Western oil-producing regions such as Alaska and the North Sea. But as Russian oil companies adopt technologies, such as horizontal wells and computerized reservoir management systems, the estimated recovery rates are being revised upwards.
Sir Mark Thatcher has been charged with involvement in a coup plot in oil rich Equatorial Guinea prosecutors confirmed today.
As global oil demand increases and oil wells deplete, will oil producers’ much trumpeted new fields be able to cope? A report by the Oil Depletion Analysis Centre (ODAC) has taken the hard data supplied by oil producers and come up with some worrying conclusions.
Plans for major reforms in Iraq’s oil sector have been postponed as the interim government focus on its daily problems, the Middle East Economic Survey reported on Tuesday.
