Insight and inspiration in turbulent times.
California-based Pacific Energy Partners L.P. plans to transform its two newly purchased regional pipeline systems in Alberta into a mainline to ship growing quantities of oilsands crude to refineries throughout the western United States.
“The American dollar is a flawed currency and will collapse in value before the end of the decade, taking with it the prosperity of the American nation.” Rogers’ reasoning is straightforward: raw materials are running out.
A report by China Petroleum and Chemical Corporation, China’s second largest oil company, has claimed there are 6.5bn tonnes (47bn barrels) of proven oil reserves in the country. International studies, including BP’s just-published statistical review of world energy, put it closer to 3.2bn tonnes.
We need to face up to the crisis in energy consumption. Michael Meacher finds some solutions in The End of Oil by Paul Roberts
Iraqi oil exports were hit by a rupture to a main pipeline in the south as the caretaker government said it would announce emergency powers to tackle the country’s rampant insurgency “very shortly”.
The robust economies of Japan, Korea and China could open new doors for Canada’s heavy and synthetic crude, according to the Alberta Energy Research Institute.
The project is situated off Russia’s eastern coast and estimated to have a maximum oil and oil-condensate output of 700,000 barrels per day — similar to that of OPEC member Qatar.
The Association for the Study of Peak Oil & Gas newsletter is, once again, essential reading.
If China’s economy moved forward to a level that was approximately on par with Mexico’s current economy, the world demand for oil would double.
The smooth, prompt start-up of about a dozen big-ticket oil projects over the next 18 months is more important than ever to meeting global oil demand growth and keeping prices under control, analysts say.
Moore implies — correctly — that the primary motive for the war was to seize the oil fields. He does not discuss “peak oil” theory, which — if valid — does much to explain why Bush viewed this seizure as a necessity.
Tehran finds itself located in a very volatile region of the world, one in which powerful outside interests have as their major foreign policy objective the desire to prevent a Middle Eastern state from gaining too much power.
