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?
Mathew Ingram
Darkness falls on Tokyo
Japan’s electricity industry is in turmoil. This may have a big impact on the world’s energy markets
Australia: Energy future is still ‘on precipice’
“…and alongside those issues was the alarming decline in Australia’s self-sufficiency in crude oil, which forecasters say means we will have to import most of our crude oil and petroleum products from overseas by 2008.”
Energy crisis this time could be much worse
Dan Rice has been following the energy sector since the 1979 oil crisis, when fears of gasoline shortages led to long lines at gas stations. But Rice, manager of State Street Research Global Resources fund, believes the USA faces a much more serious energy crunch this time.
OPEC Presses Non-OPEC for More Oil
OPEC said on Wednesday it will ask producers outside the cartel to raise output to help cool high prices, but got a quick reply from Russia saying it had no slack in its system to boost exports.
How Long Can We Hang On to our Impossible Lifestyle?
in the United States–we have before us an utterly unsustainable process. For every calorie you consume, ten calories of fossil fuel go up in smoke.
Iran takes on west’s control of oil trading
Iran is to launch an oil trading market for Middle East and Opec producers that could threaten the supremacy of London’s International Petroleum Exchange.
Attacks hit Iraq oil export
With all Iraq’s oil exports halted by sabotage, gunmen killed a top Iraqi oil official on Wednesday in a new blow to an interim government reeling from violence two weeks before U.S.-led occupation formally ends.
There’s enough oil left to last for 40 years, says BP
Petroleum giant BP said yesterday that world oil supplies remained plentiful, despite growing concerns about the remaining global reserves of crude.
Russia’s pipeline gambit
Russia has sent signals that it could clear the way for the construction of private oil pipelines as a way to increase petroleum exports to the West.
A Call for Action
The possible timeframe to address ecological problems is far shorter than even most environmentalists realise due to Peak Oil. Information to help survive the collapse of capitalism must be collected and distributed for regional solutions.
India: Petroleum, coal price hikes to hit many sectors
The first major economic decision by the government is expected to hit many industry segments, leading to an across-the-board rise in prices of various goods. The steep hike in petroleum and coal prices on Tuesday will negatively hit companies — especially the automobiles, steel and cement sectors.