Insight and inspiration in turbulent times.
It’s impossible to overstate how oil has impacted our lives. Cheap and plentiful oil, combined with human ingenuity, has created a world unimaginable to those who lived only a few generations ago.
It is now possible to save more oil through energy efficiency than the US could possibly find in the ground, and to do so at a per-barrel cost well below the average market price for oil.
As a Sing Tao Daily headline reported on the paper’s front page, President Bush and Vice President Dick Cheney met with China’s foreign minister in Houston earlier this month, after former President Ronald Reagan’s funeral.
The abiotic origin of oil, is a theory that has yet to see conclusive evidence. It’s known better for it’s lack of evidence against, than evidence for.
Oil prices edged up on Thursday as Norwegian employers said they would lock out striking workers next week, threatening to shut off almost all oil and gas output from the world’s number three crude exporter.
The 100-year reign of the world’s oil-based economy is nearing its zenith, according to Paul Roberts.
Australia has increased tax concessions to encourage oil exploration in the far reaches of the Great Barrier Reef, angering environmentalists who warn an oil spill could destroy the world’s largest living reef system.
The high prices have given the Saudi government a long forgotten confidence that the Bush administration would realise that the Saud family was and is the only option for stability in Saudi Arabia and stability in oil prices and that they must be supported no matter what they did or said.
A federal advisory panel will assess U.S. oil refining capacity and crude oil stocks to see if steps can be taken to boost energy supplies, U.S. Energy Secretary Spencer Abraham said on Tuesday.
After reining in construction costs, Syncrude Canada vowed Monday to take control of another runaway expense — natural gas.
Overshadowing all else is the rising global cost of oil; for oil dependence has always been the Achilles heel of the Green Revolution.
Thailand’s foreign minister has called for Asian governments to develop long-term plans to ease energy shortages. Rapidly increasing demand for energy, driven largely by China’s booming economy, has driven prices up, and caused anxiety in a region whose own oil reserves are dwindling.
