Suspension of OPEC Quota Is an Option at Beirut Meeting
A suspension of OPEC production quotas is an option that could be discussed at a ministerial meeting of the cartel in Beirut next week, a source close to OPEC said.
Oil
Saudi oil minister Al-Naimi sees kingdom’s continued role as key supplier of last resort
Al-Naimi attempts to address concerns raised this by energy investment banker, Matthew Simmons about his country’s remaining oil reserves.
“Let’s accelerate and stay ahead of oil’s peak”
Let me introduce you to a kook. In 1956, when U.S. oil wells were spouting like so many Old Faithfuls, a geophysicist named Marion King Hubbert thought he was the prophet Teiresias.
Kazakhstan wants stake in oil field
Kazakhstan is determined to take a stake in the country’s Kashagan oil field, signaling that there might be further turmoil in the development of the world’s largest oil find in more than three decades, according to the country’s top energy official.
Why should the United States care who is the President of Venezuela?
Peak Oil, petrodollars and the US interest in Venezuala
George W. and the Fossil Fuel Posse
The story of the energy industry’s dollar-fueled ascent to the White House is full of drama, both high and low.
The Undeclared Oil War
While some debate whether the war in Iraq was or was not “about oil,” another war, this one involving little but oil, has broken out between two of the world’s most powerful nations.
The Crude Awakening
From bottlenecks caused by aging refineries and a supertanker shortage to depleted production from non-OPEC producers, the price of crude is being pushed higher because of one simple fact: There isn’t enough of it.
Trinidad: Alternative energy sources our only hope
One would think that countries that are net importers of oil and gas would make concerted efforts to conserve energy, and to work feverishly towards developing alternative sources. But the paltry sums of money allocated for the necessary research and development of alternatives is negligible.
When oil production falters and then falls
Vast quantities of present-day paper wealth, held in the form of inflated stock equities, will never be converted into lasting wealth. For most, this
imaginary wealth will die along with the prevailing market mania [not long after oil peaks.]
Development of Heavy Oil Blocks Initiated
The probable shortfall of light oil reserve has provoked the countries to initiate exploitation of heavy oil reserves although the latter is of less value.
Shell hit by new lawsuit in US over reserves scandal
Embattled oil giant Royal Dutch/Shell was hit with a new lawsuit in the United States on behalf of shareholders seeking compensation over the group’s energy reserves scandal.
