What if…
It’s 2006. Bin Laden conquers Arabia. Crude prices are nudging $100. A far-off fantasy? Don’t you believe it, writes Oliver Morgan
Oil
UK: Army guard on food if fuel crisis flares
Hundreds of troops will be deployed to defend vital supermarket depots in the event of fresh fuel protests in the autumn.
U.S. addiction to oil puts it at mercy of risky characters
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.
Oil prices ease as Opec opens tap
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.
Blast hits Russian oil depot
A bomb blast has ripped through an oil storage depot in the town of Neftekumsk in Russia’s Stavropol region.
Present oil trouble not without a past
Carter was serious about energy alternatives and paid a significant price — and wise politicians have avoided the problem ever since.
Rights group denounces Australia over Timor oil
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.
OPEC Raises Quota; Not Much More Oil May Flow
The Organization of the Petroleum Exporting
Countries agreed on Thursday to increase its production quotas by two million barrels a day, or 8.5 percent, effective July 1. Analysts said the problem with OPEC’s move was that it would not add
any new oil to the market.
Bush and the Axis of Oil
The U.S. animosity toward the Islamic Republic of Iran became evident again when a top U.S. diplomat underlined Tuesday Washington’s opposition to a French-backed plan which, if realized, would see a pipeline built from Kazakhstan to Iran to export the massive oil reserves underneath the Caspian Sea.
Russia: Oil production to be flat in 2005
Russia’s oil production will probably stay flat or even drop in 2005, a top Russian energy official said Friday.
US navy ‘plans W Africa exercise’
A US defence official says the US navy is planning an unusual task force deployment off the West African coast.
Iraq receives $800m to boost crude production
Iraq’s new Oil Minister Thamer Ghadban welcomed yesterday the injection of $800 million from the US-led coalition to achieve his main goal of hiking production.
