Transneft: Russian Oil Output Slowing
“Russian companies have underproduced 14 million tons in January-September compared to what they initially planned,” crude pipeline monopoly Transneft’s head, Semyon Vainshtok, said Tuesday.
Oil
Oil-producing nations rank high in corruption
Most oil-producing nations are also rife with corruption, and oil companies should provide more information about their operations to help clean up the market, a global watchdog group said Wednesday in an annual report.
US: Ailing airline Delta reports wider loss
Delta Air Lines Inc. reported a much wider third-quarter loss despite a rise in revenue and warned that its financial situation has worsened to the point where it needs to significantly reduce its costs quickly to turn things around.
Preaching Peak Oil in the Local Coffee Shop
I’m not sure why, but every time I walk into the coffee shop, somebody immediately asks me what the latest doomsday scenario is…. Lately I’ve been telling them the end is near because world oil production seems to be peaking, and as far as I can tell, we’re all going to end up riding skateboards and scooters to work.
Is Oil Heading For $100?
What is the scenario in which oil hits $100 per barrel in the next five or six years? Simmons speaks of a phenomenon called “Peak Oil” and says it is “as inevitable as death,” though, like death, predicting its precise timing is not easy.
New Book: Oil, Jihad and Destiny
Oil depletion is not a future event that we can ignore. It is real. It is upon us. The economic and cultural destiny of mankind is inexorably tied to the availability of oil.
America’s Perfect Storm
A fiscal train wreck is one thing but when it is combined with the following elements it makes the recipe for a perfect storm as American as apple pie.
Bank tips global recession
“As the odds of a full-blown oil shock rise, the prospects of outright global recession in 2005 loom more and more likely,” said Morgan Stanley’s chief economist Stephen Roach in a note to clients. Roach also warned that “there are more cuts to come”.
Peak Oil? Include Me Out – Thoughts from a Once-Burned Y2K Activist
On December 31, 1999 when the clocks ticked for the last time in the old year and then proceeded to quite happily keep ticking their chronological way into the new, hundreds of millions of people around the world rejoiced as they welcomed the 21st millennium. At the same time, thousands of people looked at their television sets and the still-glowing lights of their homes and cities, and immediately realized that they now looked like idiots.
OPEC Expects Further Increase in Oil Prices
High oil prices haven’t damped demand or spurred extra production, forcing the world to rely more on OPEC’s oil, the producer group said Monday.
Analyst expects oil may rise to US$75
Crude oil prices, which rose to a record US$55 a barrel in New York on Friday, may increase further and peak at US$75 a barrel, said Bernard Dan, president of the Chicago Board of Trade, the second-biggest US futures market.
Shale’s new hope
Shell is reconsidering decades old technology to attempt to produce liquids from shale oil in the US.
