‘Fill ‘er up’ becomes the unlikely battle cry of Car Wars
There is also the possibility we’re living through the early phases of something much bigger than just another temporary “crisis” and which history will record as a turning point.
Oil
Paying the right price for oil
HERE’S the sticky truth about oil: As a finite commodity, the world never seems to tire of burning more of, its price is bound to hit the roof.
Peak Oil is Here
The biggest news in the world at the moment however is also the most suppressed, and it is actually quite frightening. It’s suppressed because it completely obliterates all the ludicrous reasons we’ve been fed about why we’re in Iraq and Afghanistan, and because once it becomes self-evident the global stock markets will panic and crash.
OPEC: Demand for Oil Growing
OPEC expects world oil demand to rise by some 2 million barrels per day in the third quarter from a seasonal second quarter low, as consumption growth hits a seven-year high, the cartel said Thursday.
‘It All Leads Back to Texas’
Robert Bryce on the Texas-Washington-international crony network. “If you believe, as I do, that worldwide oil production has reached its peak, then they’ve set up a global showdown.”
Kazakhstan builds oil ties with Iran
Kazakhstan announced on Friday that it planned to build two oil terminals in Iran as it ramps up a lucrative oil-swap export arrangement that has been criticised for lack of transparency.
Angola’s $370m oil plan stirs up activists
Luanda – The Angolan government yesterday unveiled a $370 million (R2.4 billion) plan to develop infrastructure in the oil-rich Cabinda enclave, in a bid to win over a region that has long pushed for self-determination.
Australia not facing up to reality of energy resources
Australia will have to import oil by the end of this decade as we move into a world where prices are inevitably going to be higher.
Oil market balanced on a knife’s edge in absence of Iraqi crude
The recent sabotage of Iraq’s oil pipelines has raised fresh concerns about production capacity and room for maneuver in case of a crisis amid firm global oil demand.
Fresh fears emerge of Euro-grab for UK oil
Concern that the European Commission could gain control of Britain’s North Sea oil resurfaced last night.
Cheap oil now, high costs later
IN THE short run, it is good news that the price of a barrel of crude oil has fallen below US$40 (S$69). In the long run, however, this is not good news. In fact, it may be terrible news.
Crude oil squeeze continues
The important point is this: Why is OPEC busy asking Russia and other non-cartel producers to boost their production if Saudi Arabia has everything under control?
