Oil supply, demand set on a hair trigger
With no room for error, prices will be volatile. Buckle up. The country could be in for an oil-price roller-coaster ride three to five years long.
Oil
The End of Ancient Sunlight
There are good reasons to move away from dependence on oil — war and climate change are among them. Then there’s the fact that oil extraction is about to peak, and we don’t have a plan for a world of diminishing oil supplies.
High oil prices here to stay: IEA
The IEA’s principal oil analyst Antoine Halff is questioned about the recent spike in oil prices and what affect oil geology may be having.
Britain dragged into coup plot as rumours swirl over London meeting
Thatcher’s business partner turns state witness as diplomatic row builds over alleged west African putsch.
Impact Of Oil Output Fall At Ageing Fields Seen As Acute
LONDON –Falling oil output from ageing fields, once insignificant compared with global production, has become large enough to impact world supply and may help explain the constant tightness in the oil market this year, according to analysts.
Chavez victory leaves questions
Trouble still lurks in the country’s massive oil sector, with industry experts warning that Venezuela needs long-overdue investment in aging oil fields.
Last major Nova Scotia exploratory well ‘abandoned’
Nova Scotia’s struggling offshore energy sector suffered a potential death blow yesterday with the closure of the only remaining well slated to be drilled by a major oil company.
Caribbean, Venezuela Agree on Energy Plan
Energy officials from the Caribbean and Venezuela agreed Friday to create a new company that will provide cheaper oil in the region as a way to counter high crude prices.
Putin’s hands on the oil pumps
For a decade Washington has backed the Turkish and Azerbaijan governments to steer the export of Caspian region crude oil away from Russia. Russia’s newest riposte has been to ally the Russian and Iranian oil industries, and open up the shortest, cheapest and most lucrative oil route of all, southwards out of the Caspian to Iran.
Shell hit by $1.5bn oil pollution claim from Nigerian Senate
Shell, the beleaguered oil giant, has been asked by Nigeria’s Senate to pay $1.5bn (£830m) compensation to communities affected by oil pollution in the country.
Colombia’s hopes for great oil field find likely dashed
With the nation’s proven oil reserves continuing to fall, investment and exploration sagging and sabotage from a 40-year old civil war enduring, the Colombian government and its oil company, Ecopetrol, have been desperate to ballyhoo any find, small though it may be.
Global Climate Change & Peak Oil – Part III
The possibility of runaway global warming is not as distant a threat as we may wish. It is a threat which worries some of the greatest minds living among us today.
