Africa: Lifting the curse of black gold
The world’s oil giants may shy away from open book-keeping, but when national governments take the lead they have little choice but to fall into line.
The world’s oil giants may shy away from open book-keeping, but when national governments take the lead they have little choice but to fall into line.
Rising energy prices could force Australia to re-visit the nuclear power debate, an energy expert believes.
The first round of the public announcement of the blocks offered for investment in oil exploration fields across Libya was held yesterday in Tripoli.
Shares in some exploration firms — often a boom-or-bust bet for investors — have tripled and quadrupled in value in the past year, outperforming the sector and giant integrated peers such as Shell and Total.
“The odd thing about oil prices in the last 20 years was how unbelievably low they were, as opposed to how odd it is that oil prices are at the level they are today.”
Dr Muhanna gives five reasons for higher oil prices excluding oil depletion.
The Bush Administration’s struggle to keep secret the workings of Cheney’s Energy Task Force has been ongoing since early in the President’s tenure. What has been released reveals plans to occupy the Middle East which predate 9/11.
U.S. leaders, and the mainstream media, refuse to acknowledge that we are headed for an inevitable oil crisis with extreme consequences sure to impact every aspect of our lives.
An extra 3 million barrels per day (bpd) of production capacity worldwide is needed to avoid another year of blistering oil prices, International Energy Agency (IEA) executive director Claude Mandil warned on Sunday.
“Experts say the stark reality is that oil and oil-derived products will inevitably shoot up again in price as demand exceeds production. And this will happen sooner than most people think.”
Hundreds of Canadian troops were all around. Helicopters swooped over the tin roofs of this isolated hamlet. A navy frigate and coast guard icebreaker were moored and readied in a nearby fjord.
For two years, the U.S. has pursued war with a vengeance that has shocked and awed ally and enemy alike. But even the devastating attacks on the Afghan and Iraqi regimes don’t illustrate the true scope of the campaign. While everyone was preoccupied with the fireworks, Washington has quietly deployed thousands of agents in a secretive struggle that may last a lifetime.