Insight and inspiration in turbulent times.
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.
Rivalry for energy, especially oil, between China and Japan on a global scale is unavoidable. From a Japanese perspective, the emergence of a strong and prosperous China is not a pleasant thought.
The crew of a Hong Kong-registered oil tanker refused to dock in the Iraqi oil terminal of Basra out of fears of terror attacks, the company that owns the ship said Tuesday.
Population growth and energy demand are exhausting the world’s fossil energy supplies,
some on the timescale of a single human lifespan. Increasingly, sharing natural resources
will require close international cooperation, peace, and security.
“Americans are paying the ultimate price for the oil on Ford’s hands, and today’s protest marks a tipping point in the grassroots movement for an automotive energy revolution.”
The world’s dependence on OPEC’s oil is expected to increase again next year, supporting cartel efforts to keep prices high as robust demand growth outpaces non-OPEC output, a Reuters survey found on Monday.
In the past two months no fewer than a dozen people in Iraq and Saudi Arabia demonstrated in three separate incidents their willingness to die for the cause of hurting the U.S economy in what appears to be a new phase in the war on terror.
Economics is the game of tiddly-winks that we can afford to play only in the midst of easy, abundant energy. Energy is the Donut, economics is the Hole.
As the second greatest crude oil consuming country in the world, China has seen a the gap between domestic ability to supply and demand for crude oil widen in the first five months of this year, according to figures released by China Customs.
“I believe that the world’s oil production peak has been reached in recent weeks. Why?”
A top U.S. military commander proposed American help Monday in monitoring West Africa’s Gulf of Guinea to secure an unstable region that holds as much as 10 percent of the world’s oil reserves
The battle for control of Yukos, the Russian oil giant, has taken a fresh twist after it emerged that the country’s authorities have drawn up secret plans to seize control of the group’s oil.
