Insight and inspiration in turbulent times.
“We simply do not yet have the economic solutions or technologies that would permit us to meet future energy demands without carbon emissions growth,” Exxon Mobil chairman Lee R. Raymond said.
The state of Alaska held preliminary talks with investment banking firms in New York City May 25 to explore options should the state decide to help finance a North Slope natural gas pipeline.
Facing runaway oil prices and security fears, East Asian officials meeting in Manila will make emergency plans that included creating oil reserves and finding alternative sources for their energy imports.
OSLO: In a world growing increasingly worried about oil supplies, there is one large white spot on the fossil fuel map, eyed eagerly by both Norway and Russia, but accessible to neither without a treaty.
The opening session of the 10th South East Asia Australia Offshore Conference will hear that Australia’s demand for oil is greater than supply and the gap is growing.
News briefs from ODAC.
OIL supplies are now so tight that just 1.5 million barrels of oil a day – less than 2% of global production – is keeping another potentially devastating surge in energy prices at bay, experts have warned.
It’s 2006. Bin Laden conquers Arabia. Crude prices are nudging $100. A far-off fantasy? Don’t you believe it, writes Oliver Morgan
Hundreds of troops will be deployed to defend vital supermarket depots in the event of fresh fuel protests in the autumn.
Ultimately, it’s up to U.S. consumers to wean themselves from their costly addiction to oil, which increasingly is coming from less-than-stable parts of the world. And this will require some tough love.
A US-based rights group denounced Australia yesterday, saying Canberra should be “ashamed” for allegedly robbing East Timor of much-needed oil and gas revenues from the disputed seabed between the two nations.
Oil prices eased further below $40 a barrel yesterday as an Opec deal to pump more crude outweighed underlying fears of political instability in top producer Saudi Arabia.
