Oil, guns and money
What’s really behind the recent redeployment of U.S. military forces? Making sure no one messes with American access to global energy resources. An excerpt from “Oil: Anatomy of an Industry.”
What’s really behind the recent redeployment of U.S. military forces? Making sure no one messes with American access to global energy resources. An excerpt from “Oil: Anatomy of an Industry.”
There’s a growing consensus among experts that the most recent wave of oil price hikes is not mainly the result of market manipulation, refining bottlenecks, or the Iraq occupation but the harbinger of the long-predicted depletion of the world’s extractable oil reserves.
North America’s crude oil resources have been so thoroughly explored and developed that experts believe that there is hardly any left to find, except perhaps in the deep waters of the Gulf of Mexico.
The Association for the Study of Peak Oil and Gas’s September newsletter is essential reading.
The former New Zealand minister for the environment and now chairman of the OECD roundtable for sustainable development wrote in 1997 of his knowledge of the impending global oil peak, but did he really understand the implications of what he was saying?
Officials at Mexico’s state-owned oil monopoly said Monday that the company has detected massive new oil deposits in the Gulf of Mexico that could potentially double the country’s reserves, but industry analysts cautioned that the company’s findings are still unproven.
The geopolitics of oil today suggest a backdrop looking less like a benign, happily globalised “one world economy” dominated by America Inc and its assorted “branch plants”, and more a massive, overextended military power fighting a dangerous, and ultimately losing, battle against an angry, resistant globe, of which Russia is but one more growing manifestation.
aced with lofty world crude oil prices, reflecting a perception of tight fundamentals and threats to supplies, Paris-based Institut Français du Pétrole recently examined how the situation might evolve over the next 18 months.
Michael Ruppert, publisher of From The Wilderness addressed the prestigious Commonwealth Club of California about peak oil and it’s relationship to the events of 9/11.
Although soaring crude oil prices have cast a shadow over the world economy, many business leaders in Japan remain surprisingly optimistic. Is such optimism really justified?
Nowhere is the dichotomy more apparent than in Nigeria, which has enjoyed a $2.5 billion boost in profits from crude but is likely to pour the bulk of it into its imports of refined oil.
Mexico’s Pemex has detected vast new oil deposits in the Gulf of Mexico that could double the country’s total reserves and boost its oil output to rival Saudi Arabia’s, the state oil monopoly said on Monday.