The Case Against An Energy Comeback: Demand needs more than recovery to surge
The accelerating rise in commodities prices may leave energy behind. Even if the economy recovers next year as expected, energy consumption in the industrialized world fell so far, so fast, that it will struggle just to meet [...]
Home Green Home: Reality Check
It’s easy to get caught up in the excitement surrounding renewable energy technology. After all, what homeowner wouldn’t want to reduce — or even eliminate — his or her electric bill with a backyard wind turbine, or a rooftop solar array?
As readers might imagine, however, [...]
In Germany, the high price of going green
GELSENKIRCHEN, GERMANY -- In this nation that embraced one of the world's most aggressive campaigns against global warming, the Pokropp family can almost hear the cha-ching when switching off their lights.
A kilowatt of electricity costs three times as much here as it [...]
US builds up its bases in oil-rich South America
The United States is massively building up its potential for nuclear and non-nuclear strikes in Latin America and the Caribbean by acquiring unprecedented freedom of action in seven new military, naval and air bases in Colombia. The development – and the [...]
Oil's expanding frontiers
In 1914, the Bureau of Mines said U.S. oil reserves would be exhausted by 1924. In 1939, the Interior Department said the world had 13 years worth of petroleum reserves. Then a global war was fought and the postwar boom was fueled, and in 1951 Interior reported' [...]
Mexico oil output rises slightly in Oct from Sept
MEXICO CITY, Nov 20 (Reuters) - Mexican oil production increased slightly in October from the previous month, lending credence to the government's argument that a steep decline in output appears to be stabilizing.
Mexico produced 2.602 million barrels per day of' [...]
We the Six Billion: The Ammonia Economy
His presentation, entitled "The Gulf of Maine: What Lies Beyond the Fossil Fuel Horizon," was billed as "describing the role that off-shore wind can play in reducing Maine's unsustainable dependence on fossil fuel based energy resources."
At the Strand he pulled no punches in' [...]
The Peak Oil Crisis: Accusations
Not many years from now, there will be a huge uproar over who missed the coming of peak oil. There will be Congressional hearings and much finger pointing and protestations that the peaking of world oil production was impossible to predict.
It will all sound much [...]
Pemex Proved Reserves May Drop 2.8% This Year
(Bloomberg) -- Petroleos Mexicanos, the state-owned oil company, said proved reserves of crude-oil equivalent may drop for an 11th straight year as existing fields dry up and discoveries are smaller than expected.
Proved reserves may decline 2.8 percent to 13.9 billion barrels this [...]
Oil reflects dollar moves, not market dynamics: Yergin
SINGAPORE (Reuters) - Current oil prices are the result of financial market gyrations and do not reflect the supply-demand dynamics of the physical market, energy consultant and prize-winning author Daniel Yergin said on Monday.
Crude oil benchmarks are holding near $80 a barrel, [...]
Market cornered for rare minerals
As resource-hungry China scours the world for crude oil and natural gas supplies, it has managed to corner the global market for a group of obscure metals used to make iPods, wind farms and electric cars.
The mainland supplies at least 95 percent of the world's' [...]
Is Saudi Arabia ready to play hardball with Iran?
Are the Saudis prepared to constrain oil prices to weaken Iran? It's an intriguing possibility that, if implemented, could have major implications for U.S.-led efforts to curb the Islamic Republic's nuclear program.
...The Saudis have said that $75 per barrel is an [...]
Richard Heinberg - Searching for a Miracle: ‘Net Energy’ Limits & the Fate of Industrial Society
Perhaps the most significant limit to future energy supplies is the “net energy” factor—the requirement that energy systems yield more energy than is invested in their construction and operation.
THIS REPORT IS INTENDED as a [...]
U.S. Adviser to Kurds Stands to Reap Oil Profits
OSLO — Peter W. Galbraith, an influential former American ambassador, is a powerful voice on Iraq who helped shape the views of policy makers like Joseph R. Biden Jr. and John Kerry. In the summer of 2005, he was also an [...]
Your Neighbor's Saving Energy; Why Aren't You?
We all know carpooling is good for the Earth. So highway departments build high-occupancy vehicle lanes and companies offer prime parking spaces for employees who share rides.
But carpooling is unlikely to save the environment. It's too hard.
So say scientists who have studied' [...]
Interview With Russian President Dmitry Medvedev: 'Oil And Gas Is Our Drug'
SPIEGEL: In a recent article that you wrote entitled "Go, Russia," you spoke of your country's "humiliating" economic "backwardness." Why hasn't Russia managed to overcome its dependency on natural resources in the time since the end of the [...]
Saudi Aramco Will Increase Asia’s December Oil Supply
(Bloomberg) -- Saudi Arabian Oil Co. will supply more crude to refiners in Asia as rising prices threaten to hurt the world economic recovery.
Saudi Aramco, as the company is known, will provide 100 percent of cargoes under long-term contracts for [...]
End Of Cheap Oil, End Of Road For Ruinous Lifestyle
"Every serious discussion of the environment ... is ultimately about oil, whether it specifically mentions oil or not," Owen writes. The explosive growth and general prosperity of the past century have been made possible by the "prodigious abundance" of oil; [...]
Shrinking to grow: Is Conoco plan a model for industry?
Although one company doesn’t represent a whole industry, a shrink-to-grow strategy adopted by ConocoPhillips illustrates pressures on the biggest operators in a world of shrinking opportunity.
ConocoPhillips has disclosed plans to cut capital spending next year to $11 billion from $12.5 [...]
Interview With Ian Gordon
IAN: Well I do subscribe to the theory of peak oil. But again, I think the demand for oil is going to drop precipitously. Simply because no one’s gonna be working. Again if we use the idea that 45% of the U.S economy is going to [...]
Kunstler: It's Time to Rebuild Our Passenger Railroad System
The world economic fiasco, which I call "The Long Emergency," may be speeding us into a future of permanent nostalgia in which anything that is not of the present time looks good.
I say this to avert any accusations that I am' [...]
World Need for Oil Expected to Ease: International Energy Agency Says Conservation Efforts Will Trump Any Global Economic Recovery
The International Energy Agency next week will make a "substantial" downward revision to its long-term forecast for global oil demand, a person familiar with the matter said, marking the second year [...]
Shale gas row gets nasty
Today Daniel Yergin, author of the seminal oil industry tome ‘The Prize’, wrote in the Wall Street Journal that shale gas is a game changer for US energy. Those who follow natgas will have heard it all before: more advanced and affordable technology, mainly hydraulic [...]
Aramco takes war on speculators to whole new index
With oil prices thoroughly decoupled from the fundamentals of supply and demand, Saudi Aramco has decided it is time to nudge the market towards reality.
Last week, the world’s biggest oil company said that as of next January, it would use the [...]
An energy game-changer?: Louisiana shale could change fate of U.S. energy supply
The gas found in the area's Haynesville shale and in other shale formations throughout the country has changed the nation's energy outlook in just a few short years.
Some see abundant North American natural gas as the gateway to [...]
The holdout: Alone in an abandoned car plant
DETROIT (CNNMoney.com) -- Most people assume the Packard Plant in Detroit is vacant. It's an industrial ruin where the last car was manufactured 53 years ago.
Almost all the windows are blown out. Collapsed walls litter the overgrown sidewalks with broken bricks, mixed' [...]
U.S. natural gas rig count climbs 3 to 728 for week
The U.S. natural gas drilling rig count has gained in 13 of the last 15 weeks after bottoming at 665 on July 17, its lowest level since May 3, 2002, when there were 640 gas rigs operating.
But the [...]
Saudi oil policy not hostage to Iran worries
BEIRUT - Saudi Arabia might seek to brake any new oil price spike, mainly to protect a fragile global economy and prolong its own role as the world’s top oil producer — and if that hurts regional rival Iran, it will [...]
The Peak Oil Crisis: $80 a Barrel
The international forecasting agencies are already talking of a jump in demand for oil next year which will put worldwide consumption back in the vicinity of where in was in 2008. Given that the world has only 2 or 3 million (or if [...]
No bell curve in the jaws of peak oil
If levity were allowed in the serious matter of running out of cheap oil, one might say “A funny thing happened on the way to the peak.” The maximum rate of global output may be somewhat higher than the already reached [...]
Canada's tar sands may to be just too dirty
Capturing and storing some of the carbon that would be released in the processing of Canada's tar sands may not clean the industry up. To turn the vast but dirty resource into useable oil, Canada will have to spew vast [...]
Global oil supply: Separating fact from fiction
Steven Lynch's opinion piece published in the August 25 edition of the New York Times, “Peak Oil Is a Waste of Energy,” contends that there is no danger of near-term decline of production rates because great volumes of oil are believed yet to' [...]
China steps up, slowly but surely
Among members of the U.S. Congress and negotiators preparing for a December climate summit in Copenhagen, China is often considered an obstacle because it has not committed to imposing a ceiling on its emissions of the gases that most scientists blame for climate change. [...]
Obama says U.S. must win clean-energy race
Reporting from Washington - President Obama, citing a global competition for development of clean-energy alternatives to oil, insisted today that the United States must win that race and called on Congress to enact legislation also intended to curb climate change.
"The nation that wins" [...]
China's push for oil in Gulf of Mexico puts U.S. in awkward spot
Reporting from Beijing - A Chinese company's gambit to drill for oil in U.S. territory demonstrates China's determination to lock up the raw materials it needs to sustain its rapid growth, wherever those resources lie.
The state-owned China' [...]
New Agency to Lead Global Energy Push
PARIS — The International Renewable Energy Agency, set up this year to lead a global crusade for renewable energy development and sharing of technology between the developed and developing worlds, has come a long way in a short time.
Signed into existence in January [...]
CIT debt offer by obscure fund raises questions
NEW YORK (Reuters) - An obscure hedge fund said it offered to buy $1 billion in debt from CIT Group Inc but declined to identify its source of capital. CIT would not comment on whether it was seriously considering the offer.
...Logi is [...]
Oil prices hit high but report warns of supply crunch
A report from the non-governmental organisation Global Witness – famous for its exposé of so-called "blood diamonds" – pointed to an impending supply shock that could be so severe that many of the world's poor countries would simply be shut' [...]
Economist's advice to Big Food: Change or face fate of GM
Renowned economist Jeffrey Sachs warned the food industry that it risks disaster if it doesn't get behind changes that will deal with climate change, environmental degradation and global hunger.
Sachs, author of the "The End of Poverty" and a special [...]
Chinese Company Is Near First Deal to Buy Stake in Oil Drilling Leases in Gulf of Mexico
HOUSTON — Trying to acquire a foothold in the American oil patch, a Chinese company is closing in on a deal to buy stakes in a few drilling leases in the Gulf [...]
The Non-Tragedy of the Commons
The 2009 Nobel Prize for economics is a useful reminder of how easy it is for scientists to go wrong, especially when their mistake jibes with popular beliefs or political agendas.
Elinor Ostrom of Indiana University shared the prize for her research into the management of [...]
Sellers on the spot ahead of gas war
A great European war is about to begin. The heart of the conflict will be in Germany, Austria, Hungary and Italy. There will be battles in the North Sea, a strike from North Africa at Italy’s boot and into the South of [...]
Russia 2010 oil output to fall - Bernstein analysts
London (Reuters) - Russian oil output will stagnate in 2010 and begin to decline as mature fields lose production capacity and only one new project comes on line, oil analysts at Bernstein Research said on Wednesday.
Russia, now the world's largest' [...]
A Path to Downward Mobility: Today's youngest Americans are likely to be worse off than their parents.
Every generation of Americans should live better than its predecessor. That's Americans' core definition of economic "progress."
But for today's young, it may be a mirage. Higher health spending, increasing energy prices and stretched [...]
Why Oil Is Much More Plentiful Than "Peak Oil" Advocates Claim
When you consider the U.S. has pumped 75 billion barrels of oil since 1977... that means, conservatively, we could recover another 35 billion barrels of oil from known fields.
A lot of the big oil companies scrapped their EOR plans [...]
"Peak oil" theorists: World running out: The group, meeting in Denver this week, wants immediate steps to avert economic ruin.
The world is running out of oil faster than society suspects, and last year's $4.11 gasoline spike was just a bitter hint of the future, according to a "peak oil" [...]
Capturing a Nation’s Thirst for Energy
Mitch Epstein has taken his 8-by-10 view camera across the United States to document the energy needed to support the American way of life. Though he says he did not start out with an ideological agenda, Mr. Epstein offers a quiet but unsettling [...]
Tracing the Path of the Oil Industry's Sins
We tend to take for granted the comforts of modern life. Few of us think of underpaid migrant workers when we buy inexpensive imported clothes from China, or of disfigured Appalachian mountain tops when we turn on our coal-powered kitchen lights, or' [...]
Climate Agency Sees China’s Efforts Paying Dividends
Little good can be said about the worst economic slump since the 1930s, but it has produced at least one piece of positive news: the downturn will make it a bit easier to slow the rise in emissions responsible for climate change.
The [...]
Richard Heinberg: Our Evanescent Culture and the Awesome Duty of Librarians
How secure is our civilization’s accumulated knowledge?
It is a question that, in a fundamental sense, transcends many life-and-death concerns (threats of sickness, natural disaster, or military invasion) that prompt us collectively to spend fortunes on insurance, health care, and [...]
Pickens Says China Purchases Are Leading to $90 Oil
(Bloomberg) -- Billionaire hedge-fund manager T. Boone Pickens said Chinese purchases will help push up crude-oil prices to as much as $90 a barrel next year as output declines and the global economy rebounds.
Next year’s average oil price will be $80 [...]
Peak Oil: The End Of the Oil Age is Near, Deutsche Bank Says
Here’s an intriguing thought: Global oil supplies are indeed set to peak within a few years, and no, that is not bullish for oil. Quite the contrary—it will spell the end of the “oil age.”
That’s the take [...]
World Bank welcomes new economic order from the ashes of crisis
Finally, there are those who believe the determination of the bank and fund to return as quickly as possible to the high levels of growth seen earlier this decade ignores the elephant in the room – that, by 2029, [...]
Saudi Arabia: Kingdom fears fuel shortage
Endowed with the world’s fourth largest proven gas reserves, Saudi Arabia would appear to have ample resources of the sought after commodity.
But as the kingdom’s economy and population have expanded questions are mounting about whether it will have to face up to the unthinkable [...]
Exceptional results from biochar experiment in Cameroon
Biochar Fund has reported extremely encouraging first results from its field trials in South West Cameroon. Working with small groups of subsistence farmers around the town of Kumba, the Fund set up and managed a large-scale experiment to assess whether maize (corn) yields [...]
Natural gas tumbles with most ever in storage
NEW YORK — Natural gas prices tumbled Thursday after the government reported the U.S. is using so little that it has more in storage now than at any other time on record.
The report was welcome news for homeowners who heat their homes [...]
New oil model could 'burden' Petrobras
Brazilian energy giant Petrobras could find its position as sole operator of the country's recently discovered oil discoveries a "burden," the president of the Brazilian Petroleum Institute (IBP) said today.
IBP President Joao Carlos De Luca said that recent proposed changes to the country's oil [...]
Putin Sounds More Welcoming Tone to Foreign Investors
MOSCOW — Russia's prime minister, Vladimir V. Putin, whose government took control of several oil companies when he served as president, gave a speech Tuesday saying the state must now step back from the economy and let private enterprise take the' [...]
The 1.258 trillion-barrel question
The Earth contains a finite amount of oil. Burned to power our vehicles, heat our homes and light our cities, this fuel is a nonrenewable resource. So when Peter Maass, author of “Crude World: The Violent Twilight of Oil,” asked experts how much oil [...]
'A Paradise Built in Hell: The Extraordinary Communities That Arise in Disaster' by Rebecca Solnit
The bad news is that more disasters are coming, arising from any number of sources: climate change, widespread infrastructural vulnerabilities, toxic threats brewed at cellular or weapons-grade levels, seismic or oceanic volatility, and so on [...]
Our oil, U. S. need
Canada's oilsands may take a daily beating in the international media and from environmentalists, but the arithmetic of U. S. consumption and supply all but ensures a long, prosperous future for our dirty oil.
The United States imports 60% of its daily fuel requirements. President Barack' [...]
Denninger: The Horrible Conundrum Facing The Fed
But Japan had an advantage we do not - a weak currency benefited to a tremendous degree their exporters, and they are an export-based economy. As a consequence the damage done internally to import prices by the continued downward pressure on their currency [...]
The population delusion
THINK of the biggest crowd you've ever been in - perhaps 50,000 in a sports stadium. Just 6 hours from now there will be that many more people in the world, and another 50,000 in the following 6 hours, and on and on... No wonder that the' [...]
Chesapeake says $4 natgas too low to grow output
GREENWICH, Conn. (Reuters) - U.S. natural gas prices will have to move higher to spur a resurgence in drilling activity and keep output of the fuel steady, the head of Chesapeake Energy Corp said on Wednesday.
The weak U.S. economy has [...]
Rediscovering Natural Gas By Hitting Rock Bottom
In recent years, natural gas producers in the United States have struggled, mostly in vain, to be taken more seriously in the energy world. Big oil companies like Exxon had concluded that natural gas reserves in the United States were not sufficiently abundant [...]
The New Homesteaders: Off-the-Grid and Self-Reliant
You may have heard about them: Off-the-gridders living in radical opposition to modern amenities by growing their own food and cutting themselves off from the rest of society. Not so. Sure, more people are choosing to cut their dependence on the power grid, the [...]
Lester R. Brown: On Energy, We're Finally Walking the Walk
The United States has entered a new energy era, ending a century of rising carbon emissions. As the U.S. delegation prepares for the international climate negotiations in Copenhagen in December, it does so from a surprisingly strong position, one based' [...]
Small used cars aren't big sellers as gas stays cheap
Despite all the talk about small cars, many used car buyers are thinking big again.
Used small cars are taking the biggest hits on value in the resale market, Kelley Blue Book says. Even the once-hot, tiny Smart ForTwo is suffering,' [...]
Forget Conventional 401(k)s; Think Goat Cheese and Fennel
Woody Tasch wants to rewrite the gospel of financial growth.
A former venture capitalist, Mr. Tasch now travels the country warning that money moves too fast. Billions zip through global markets each day, bundled into financial packages so complex that it is hard [...]
Ralhall, Salazar Find New Ways to Reinstate Moratorium
It's been nearly a year since the since the federal government responded to the will of the American people and retired its decades-old bans on responsible offshore energy exploration. Unfortunately, one year later, it seems as though that long overdue response was' [...]
Oil prices mean perpetual recession
The turmoil since August 2007 has not been blamed directly on oil prices but there’s a link.
“The US has experienced six recessions since 1972. At least five of these were associated with oil prices. In every case, when oil consumption in the US reached 4% [...]
Mexico's Carstens warns oil slump will last years
MEXICO CITY (Reuters) - Mexican Finance Minister Agustin Carstens urged lawmakers on Tuesday to approve new taxes to offset lower oil revenues, saying the country's struggling energy industry would not recover quickly.
The government of President Felipe Calderon has proposed hiking income [...]
Kjell Aleklett: Peak Oil is not a theory; Peak Oil is the reality of past and future oil production.
Over the past five years, Mr. Michael Lynch and I have debated future global oil production at meetings in Gothenburg (Sweden), Paris and Shanghai. We have also conducted the debate through [...]
Clean Water Laws Are Neglected, at a Cost in Human Suffering
Jennifer Hall-Massey knows not to drink the tap water in her home near Charleston, W.Va.
In fact, her entire family tries to avoid any contact with the water. Her youngest son has scabs on his arms, legs and chest where [...]
Oil Supply: As Russian Production Tops Out, World Supply Will Continue to Slip
Where would the world be without the extraordinary growth in Russian oil supply, this decade? Not in a good place, actually. Russia’s near 50% oil production increase since the year 2000 did a lot of heavy lifting. [...]
Analysis: Pemex Strives to Increase Production through Offshore Drilling
The petroleum industry in Mexico is in a race to catch up. Although a major non-OPEC country and the seventh-largest oil producer in the world, production in the Latin American country is on the decline.
In fact, the EIA reports that the [...]
Growing Asian middle class to propel oil use: study
NEW YORK (Reuters) - A rapidly expanding middle class in China and India will provide the main engine for world oil demand growth in the coming years as families in developing nations buy more cars and appliances to go with [...]
Exxon May Fall Short of 2009 Output Growth Target
(Bloomberg) -- Exxon Mobil Corp., the largest U.S. oil company, may not meet its 2 percent production growth target this year amid shrinking European demand for natural gas, said Senior Vice President Mark Albers.
The Irving, Texas-based company still plans to boost [...]
China to Boost Oil Stockpiles, Expand Overseas Output
(Bloomberg) -- China, the world’s second-biggest energy user, approved a second-phase plan to increase oil stockpiles and will step up acquisitions to expand output from overseas fields, state-owned China National Petroleum Corp. said.
The plan to build 26.8 million cubic meters, or 169 [...]
Debate about peak oil is misleading
The enormity of an operation such as Gwahar can make us complacent about the scarcity of the world's supplies of oil but, as we all know, this is a finite resource and it will not last for ever. Dubai is already moving to a' [...]
Saudi provides realistic outlook on energy future
Peak oil predictions – including that dreaded day when the maximum rate of extraction is reached, after which the rate of production enters decline, leading to depletion of reserves – are back.
Unlike some previous forecasts, recent reports are more sober.
The debate on output [...]
Why $200 Oil Is Just Around the Corner
"We will see triple digit oil prices very early into an economic recovery," Rubin told Rigzone. "I expect we will be there within 12 months."
While he does contend that the escalating price of oil will cause another recession, Rubin believes that recovery [...]
China and the Buzz of a Pending Bank Default
Let’s put the pieces together here. Just this past weekend China announced that State Owned Enterprises (SOEs) will be allowed to default on commodity derivative contracts. Think of that. China has given the green light and authorized the defaulting on commodity [...]
Jeremy Leggett: Oil still has us over a barrel
The spate of recent giant oilfield discoveries in the Gulf of Mexico, Iran, Uganda and Brazil is welcome. A cohesive society will depend on plentiful supplies of oil for years to come, no matter how quickly we can mobilise low-carbon electricity [...]
Time for a quick reality check
SAN FRANCISCO (MarketWatch) -- BP's announcement Wednesday of a "giant" oil field deep beneath the Gulf of Mexico is the kind of story that raises all sorts of breathless expectations and dire predictions.
Time to take a deep breath and look at what we've [...]
North Sea oil exploration suffering as banks refuse to lend
Recession may push North Sea oil and gas production into a much steeper decline than previously forecast due to the difficulties faced by smaller oil companies in getting finance to pay for exploration and oilfield development.
Industry leaders warned in Aberdeen [...]
A little shale gas skepticism from Matt Simmons
Matt Simmons, (he of Twilight in the Desert) believes the excitement of huge domestic reserves of natural gas in shale is overblown and outright incorrect.
"In the 40 years I've followed the industry I've been continuously amazed at the tangent people are willing" [...]
Rubbing salt into the wounds
The UAE’s demand for water, growing yearly in pace with the nation’s expansion, is insatiable and insupportable. With extremely limited natural supplies, the UAE and all its mighty ambitions and achievements – from desert golf courses to the world’s tallest building – are utterly dependent [...]
Gas Reserves Hit New High, Forcing Prices Downhill
Natural gas producers are running out of storage space, pushing the cost of their product lower than it has been since 2002.
The latest price drop comes as the government reported that salt caverns, aquifers and other underground areas where natural gas is [...]
Recession Speeds Coal's Long-Term Decline
HOUSTON - Declining industrial electricity demand and an abundance of cheap natural gas will threaten coal's status as the dominant U.S. fuel to generate electric power, even after the economic recession ends.
Power companies are reducing use of coal plants because of declining demand from heavy [...]
Happy 150th, Oil! So Long, and Thanks for Modern Civilization
One hundred and fifty years ago on Aug. 27, Colonel Edwin L. Drake sunk the very first commercial well that produced flowing petroleum.
The discovery that large amounts of oil could be found underground marked the beginning of a time [...]
The Future of Transportation by Shai Agassi
Projecting the future of energy, transportation, and environment. The time is now, and the change is already in motion. In the words of Lee Iacoca “It’s time to lead, follow or get out of the way.”
In 2005 the world entered the “post [...]
Triumph of the commons: Helping the world to share
Four decades ago, ecologist Garrett Hardin published a ground-breaking paper on this phenomenon, arguing that when personal and communal interests are at odds, overexploitation of resources is inevitable. His tragedy of the commons referred to the destruction of communal pasture [...]
Scenes from the Violent Twilight of Oil
Across the globe, oil is invoked as an agent of destiny. Oil will make you rich, oil will make you poor, oil will bring war, oil will deliver peace, oil will shape our world as much as the glaciers did in the Ice [...]
Peak Oil And The Generation Gap
Discussions of survival tactics in a post-oil world can be categorized in many ways: pessimistic and optimistic, pacific and militaristic, technophobic and technophilic. But a curious dividing line can be seen between older and younger speakers. The old tend to think of little more [...]
The big drill
What energy crisis? Despite what you may be hearing about a global peak in oil production, waning reserves, and $100-plus oil prices, North America is suddenly awash in fossil fuel.
Sophisticated new drilling methods and a shared epiphany among exploration companies about the vast potential for new natural [...]
Mexico oil output falls 7.8 pct yr/yr in July -Pemex
MEXICO CITY (Reuters) - Mexican oil output fell 7.8 percent in July compared to the same month a year ago as the its efforts to replace production capacity lost at the Cantarell field continued to lag the giant's natural' [...]
Oil Producers Off Canada’s East Coast Brace for Hurricane Bill
(Bloomberg) -- Suncor Energy Inc., Husky Energy Inc. and other energy producers are bracing for a blast from Hurricane Bill as the storm churns on a course that may take it through oilfields off Canada’s east coast.
“Weather is part of [...]
Opec’s greed will herald the end of the oil age
Proclamations of economic recovery in the past week in Japan, France and Germany, and soon in Britain and America too, may signal the end of the Great Recession of 2007-09, albeit bumpily. As things stand, though, this month may also [...]
The Most Important Aspect that most Economists and Analysts fail to Recognize
The biggest problem that most economists and analysts fail to comprehend when making forecasts and predictions on the US Dollar, Precious Metals, Financials or the whole Economy in general, is the ability to get to the Root of [...]
