Simmons: The Implications of Saudi Arabian Oil Declining (transcript – part 2)
Energy demand has become a runaway train. There’s no way we can stop that train until we hit a brick wall.
Oil
Is Saudi Arabia Running Out of Oil?
When oil prices have doubled to $80 and a second Great Depression threatens global political stability, our president will assemble a 9/11-style commission to explain the intelligence and policy failures that led to the crisis. The verdict will be familiar: The stunning blow to the world economy brought about by the sudden, unexpected depletion of fossil fuel should have been anticipated and prevented.
US: Foreign Oil Dependency: Stuck Between a Rock and Hard Place
The United States’ growing dependence on foreign oil is widely recognized as the nation’s Achilles heel, a disaster in the works. But sometimes it seems that every solution to that horrendous problem leads into a box canyon.
OIL: The World Over A Barrel
A three part Canadian documentary series deals in part with the oil peak. “Soon enough, the era of cheap oil will be over. If prices rise too steeply there could be a devastating effect on the world’s economy.”
Oil prices surge on fears of supply shortfall
Possible shutdown of Russian oil giant Yukos sparks rally.
The real reasons Bush went to war
WMD was the rationale for invading Iraq. But what was really driving the US were fears over oil and the future of the dollar
Gas and oil rivalry in the East China Sea
Current explorations of an offshore gas field in the East China Sea by both China and Japan have recently strained relations between the two powerful nations.
Oil prices help BP boost profits
Oil giant BP has reported a 23% rise in quarterly profits, thanks to a “robust trading environment”.
Africa to Suffer Oil Shock
The Standard Chartered Bank in its report African Quarterly says that although Africa is a net oil exporter, the continent will still be worse-off as a result of higher oil prices.
US Offers Nigeria Military Aid to Protect Offshore Oil
THE United States, keen to develop new sources of oil supply outside the Middle East, has offered to help Nigeria protect the flow of oil in the Gulf of Guinea and combat terrorist attacks on the oil industry, officials said.
Moscow changes oilfields landscape
Moscow’s decisions to strip the oil company Yukos of its biggest asset and to give initial blessing to ConocoPhillips of the US to broaden its investment in Russia have drastically altered the most important strategic playing field of the big international oil companies.
Canada: Pinning hopes on the tar sand
Oil sands plants make or lose money on labour costs and the cost of the energy they need to drive the plants — both of which are only marginally important to conventional oil.
