Crude dudes
Ties together the cash-rich oil multinationals, US VP Cheney’s Energy Task Force, and the drive to privatise Middle East oil reserves via a war for ‘freedom and democracy’.
Oil
Thoughts on the Oil Bubble
No matter when that peak occurs, though, the indisputable fact is that a few generations of humans—particularly we Americans—will have squandered a geological resource that took several hundred million years to accumulate.
India steps up quest for energy supplies
High prices are unlikely to erode India’s booming demand for oil and the country has stepped up negotiations with producer nations to secure its energy supplies, said oil minister Mani Shankar Aiyar.
West Africa, a big exporter to the U.S., demonstrates the ‘paradox of plenty’
While sought-after commodities like oil can generate immense revenues for an exporting nation, they can also end up inflicting great damage on its economy and political culture.
Time to pump cash in, not out
IF THEY sound worried, it is because they are desperate. The multinational oil companies are rolling in cash but they have little to spend it on.
High oil prices expected to be the norm
The world of crude has flipped upside down, with high prices becoming the norm, says the president of Devon Energy Corp., the largest U.S. oil and gas independent.
India asks OPEC for uniform pricing policy
India Friday urged the Organisation of Petroleum Exporting Countries (OPEC) to adopt a uniform pricing policy for all buyers and not charge a premium from developing countries in Asia.
Get used to high oil prices, they are here to stay
Oil prices may have fallen about 10 per cent from their high near $US50 a barrel in mid-August, but that’s not deterring fund managers, many of whom say the long bull run has a lot of life left in it.
YUKOS raises Yugansk reserves estimate fivefold
Russian oil major YUKOS, fighting to prevent a cheap fire sale of assets in a tax dispute with the state, boosted oil-reserve estimates of its core Yugansk unit fivefold today.
Exxon calls for off-limits oil to sate demand
Oil producers’ struggle to keep up with rampant global demand growth will only be won with access to oilfields now off-limits, Exxon Mobil chief executive Lee Raymond said yesterday.
Oil: Price falls as Ivan shuts refineries
Oil prices fell on Wednesday as Hurricane Ivan, one of the strongest storms on record, cut the demand for crude oil by shutting nearly 13 per cent of US refining capacity.
New Forecast Shows Oil Supply-Demand Tipping Point Within A Decade
World oil production will likely not be able to meet global demand as early as the middle of the next decade, according to a new study by Washington-based consultants PFC Energy.
