Oil prices help BP boost profits
Oil giant BP has reported a 23% rise in quarterly profits, thanks to a “robust trading environment”.
Oil
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.
A love affair that survived even 9/11
Book Review: Craig Unger’s notably intelligent piece of investigative reporting, House of Bush, House of Saud, uncovers the corruption and greed that continues to hinder peace in the Middle East
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.
Oil spike II
July’s price pop is nearly as bad as June’s; analysts think it may hurt less, but could still sting.
Exploratory Oil Drilling Done Off Cuba
Drilling of an exploratory well in Cuba’s virgin Gulf of Mexico waters that could make the Communist nation an oil exporter and undermine the U.S. embargo has been completed, a senior official said.
World creeping closer to `oil shock’
Energy crisis could loom, experts say. Politics, corporate moves are factors.
Bacteria, Underground Fires to Unlock Oil Reserves
Odd methods of getting oil leftovers now more feasible.
Paying the Pumper
J. Robinson West argues that while the Hubbert curve analysis applies where full commercial exploitation has taken place, in many areas, other factors, including politics and policy, weigh in.
Colin Campbell speaks about BP’s Statistical Review
BP seeks to maintain this myth that current reserves are sufficient today to support current production for forty years. By perpetuating this misleading notion, I think one has to conclude that BP seeks to mislead—this is not just an accident.
