Georgia’s tumultuous oil fortunes
A sharp increase in oil prices should encourage oil producing countries, but in Georgia production has noticeably decreased.
Oil
Oil supply to peak by 2015?
“Oil production is now in decline in eighteen countries around the world”, said Chris Skrebowski, Editor of Petroleum Review, at yesterday’s Energy Institute oil depletion debate.
The United States of America is in freefall.
The $7 trillion national debt, unparalleled domestic consumer debt, the fall of the dollar and rise of the Euro, peak oil, the rise of the biggest markets by far in Europe and China – all adumbrations of a collapsing U.S. economy. [Warning: political rant]
Expert: Russian Oil Exports May Decrease
Oil exports from Russia – the world’s second-largest oil producer – may decrease within two years, a top Russian oil industry expert warned Tuesday.
IEA expects world oil prices to decline further
Crude oil prices declined to below the $47 per barrel mark today on expectations of continued rise in the US oil and natural gas inventories.
US: Heating oil costs forecast to soar 37%
Homeowners who heat their houses with heating oil will see their bills jump more than 37% this winter from a year ago, the government said Tuesday in a report that also projected increased costs for all other heating sources.
UK oil balance moves into deficit
The UK’s oil trade balance swung into the red for the first time in 13 years in September, the Office for National Statistics (ONS) has said.
Apocalypse Denial
Even those Americans who don’t care to — and still don’t have to — peer over the wall already essentially know what’s on the other side. That’s the nature of denial. After all, you can’t deny what you don’t, at heart, know to be so.
Physics professor predicts oil crisis
California Institute of Technology professor and vice provost David Goodstein said the world is headed toward a global oil shortage that could cause warfare, economic depression and the crumbling of institutions.
International Energy Agency accepts Peak Oil
Dr. Aleklett says that the IEA’s World Energy Outlook for 2004 shows an acceptance of peak oil concepts, but the message is not obvious. In this article, he decodes Chapter 3 of the report.
Not So Vast As Our Failure
“Our ignorance is not so vast as our failure to use what we know.” — Marion King Hubbert
Plan Colombia Benefits U.S. Oil Companies
Harken Energy is the latest oil company to benefit from the United States’ escalating involvement in Colombia. On November 4, the Texas-based company announced the signing of a new oil exploration and production contract in Colombia.
