Asian oil boom no passing phase
A surge in Chinese and Indian oil demand that has helped push world prices to record highs is no passing phenomenon, analysts say.
Oil
Opec to lift production ceiling
Oil producers’ cartel Opec has agreed to raise its production quota by 1 million barrels a day, taking the daily limit to 27 million barrels. But as Opec’s daily output is already running at about 28 million barrels, it is unclear whether the new quota will result in extra production.
Russia warns BP it can revoke oil licences
Russia has warned that production licences of foreign and domestic oil companies can be torn up at will if the nation’s fabulous natural wealth is not exploited on Moscow’s terms.
Oil Market Over-supplied By Three Million Barrels A Day: Iran
The oil market is over-supplied by three million barrels per day, Iranian Oil Minister Bijan Namdar Zangeneh said here on Tuesday on the eve of an OPEC meeting.
Peak Oil: Suburbia’s looming fire-sale
One of the reasons a great many people, policy makers and leaders find it impossible to face the issue of peak oil is because it challenges the very beliefs that we argue are a priori truths about industrialised western societies, without requirement for justification, our fundamental birth-rights.
Meeting the demand for oil
With OPEC members pumping nearly all the crude they can, analysts worry that a supply crunch is ahead.
US: High Costs Hit Working Class
If the matter of America’s energy dependence is not answered in the next few decades, costs could grow faster than expenses related to health care.
Trading Blood For Oil
Fresh Aire’s Terry Gross interviews ‘Blood and Oil’ author, Michael Klare
Have 1,000 U.S. Souls Died for Oil?
The tragic milestone of 1,000 U.S. deaths in the Iraqi quagmire should cause introspection about why the United States really went to war and whether it has been worth it.
Exxon CEO: Oil Isn’t Going Away, But…
“For the next 20 years, growth in the world economy is going to raise demand by oil and oil equivalents from something on the order of 65 to 85 million barrels a day, to 330 million [barrels], which is a huge, huge number. It’s like eight Saudi Arabias.”
Digging Deep
Even remote patches of oil are starting to look more and more attractive.
Election Calls for US Oil Independence a Pipe Dream
U.S. election-year pledges by both presidential candidates to wean the nation from its foreign oil dependence have vote-winning potential but may be just a pipe dream, energy experts say.
