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Oil exploration firms accused of violating laws
Pakistan 247 | December 11th 2009 by mohammad osama
Saturday, December 12, 2009 By our correspondent HYDERABAD: Petroleum laws and rules are not properly implemented and multinational oil and gas exploration companies have been accused of violating agreement with the government and depriving local pe read more
Nigeria Reassures Investors on New Lekki Greenfield Oil Refinery
Business News about Nigeria, Africa, and Emerging Markets | December 11th 2009
Nigeria’s state-run oil firm Nigerian National Petroleum Corporation (NNPC) on Friday reassured Oando, ONGC Mittal Energy (OMEL), and other oil firms that it fully supported building the OPEC member’s first crude refinery in more than 20 read more
Iraq takes step to become the biggest crude oil producer
Move One Pet Transport Blog | December 11th 2009 by Curt Clements
As we have written before Iraq has stepped up plans to boost its crude oil production and exports. The country aims at quadrupling its production capacity and has recently opened a number of bids for exploration and development of existing oil fields read more
Ahmadinejad - No great bargain for a struggling Chavez
Caribbean Blog International | December 10th 2009 by Dennis Dames
By Ethan Katz, COHA Research Associate:Since the initial election of Mahmoud Ahmadinejad in 2005, Iran has become one of Venezuela’s most durable allies. But as this self-described “Axis of Unity” has developed, a predictable group read more
Mexico Prepares for Falling Oil Prices, Hedges Oil Exports
HeatingOil.com | December 10th 2009 by Tara
Agustin Carstens, Mexico’s Finance Minister, has hedged his country’s oil exports for the second year. (image: wikipedia.org) Mexican officials were wise to distrust last year’s high crude prices. Believing prices would eventually fall, Mexico read more
Nigeria’s Crude Production Expected to Hit 3m Barrels Per Day B…
Net News Publisher | December 10th 2009 by Terry
The Nigerian government has said that the success of the amnesty granted to militant group members in the restive Niger Delta would make it possible for the production of three million barrels of crude oil per day from next year. The country’s Atto read more
CRUDE OIL …. “Can It Continue The Recovery With Same Pace In…
Smc global Blog | December 9th 2009 by preet
Crude oil, which is the lifeblood of the economy, has shown stunning recovery in this year as prices have merely doubled from low of $35 to nearly $80. Thanks to the dose of economic stimulus packages which revived the global economy to come out o read more
European Union to Launch Gas, Renewable Energy Project in Nigeria
Net News Publisher | December 5th 2009 by Terry
The European Union (EU) is to launch a 2.3 million Euro project in Nigeria on the sustainable utilization of gas and renewable energy resources. The Information Officer of the Delegation of the European Commission to Nigeria, Mr Kelechi Onyemaobi, to read more
Oil Prices perfect? Really now?
Speaking of Economics | December 5th 2009 by Jeremey Fieldstone
Ali Naimi, the Saudi Oil Minster, said the price of Oil is perfect sitting around $75/barrel on Saturday. Ironic as earlier in the year the Saudi’s wanted oil around $90 to $100. Two things to remember… OPEC countries get revenue to fun read more
Musulmani fake e minareti a caso
Tutto in 30 secondi | December 5th 2009 by Lorenzo Declich
Stamattina il mio reader ha tirato fuori due interessanti titoli: Una gang di falsi musulmani Ecco dove hanno detto sì ai minareti Dietro al primo c’è una storia assolutamente esilarante. A Bruxelles gira un gruppo di malviventi, 5 donne e read more
ODAC Newsletter - Dec 4
sunlight shut | December 4th 2009 by merciebill
Oil prices ended Thursday under $76/barrel following a week of mixed economic and geopolitical news. A surprise announcement at the end of last week that Dubai, that shining symbol of sustainable development in the Middle East, would not pay the inte read more
OPEC Production at One-Year High Despite Huge Stockpiles and Low…
HeatingOil.com | December 3rd 2009 by Tara
Oil storage facilities around the world are full to capacity, but OPEC keeps on pumping. (image: treehugger.com) If you’ve visited HeatingOil.com recently, you’ve no doubt read that demand for oil is considerably lower than it was before the eco read more
Philly Wages War on Rogue Bicyclists
The Lunch Break Blog | December 2nd 2009
The new regulation fee of $20.00 will help the Police track the bikes and ticket them at will. No longer will the cameras be for cars, but they will allow our safety officer robots to ticket bikes without any human intervention. “We have to control read more
Gold Hits Record High Near $1,200 Displaying Continuing Dollar Ta…
Little Alex in Wonderland | December 1st 2009 by Little Alex
Tuesday, gold hit $1,199.30 per ounce as Japan moves toward metals, away from being a tit of the U.S. The record high of gold’s value displays the record low of the U.S. dollar. Spot gold hit a record high of $1,199.30 in the European markets, read more
Peak Oil: The Eventual End of the Oil Age
sunlight shut | November 29th 2009 by merciebill
We cannot be lulled into a false sense of security: though oil prices have declined from their historic highs, there is little doubt that peak oil is real. A 2008 research project completed at Washington University in St. Louis found strong evidence read more
ClimateGate: Looting on a Global Scale
Politeia | November 29th 2009 by Cassandra
An entire new, state-sponsored, taxpayer-funded industry is being rolled out: in the US in a crypto Socialist political-industrial complex called the Apollo Alliance. One arm branches off into Europe, called the Lisbon Council. The vast extent of th read more
Crude Oil my touch $100 Per Barell
C. A. SANDEEP KANOI | November 26th 2009 by Sandeep Kanoi
Crude prices jumped to $78 per barrel and then tilted back. Crude prices have surged more than 60% since March. The Organization of Petroleum Exporting Countries and the U.S. Energy Information Administration recently boosted their demand outlook... read more
Kuwait May Follow Saudi Arabia To New Benchmark
HeatingOil.com | November 25th 2009 by Tara
Kuwait’s capital, Kuwait City. (image: arabianoilandgas.com) In a relatively unsurprising turn reported by the Wall Street Journal on Tuesday, Kuwait is seriously considering switching its benchmark for pricing oil from Platt’s West Texas Inter read more
IEA Chief Presents Sobering View of Our Energy Future
HeatingOil.com | November 25th 2009 by Tara
IEA Chief Fatih Birol addressed the Council on Foreign Relations earlier this week. (image: wikipedia.org and cfr.org) Monday night at the Council on Foreign Relations in New York, Fatih Birol, Chief Economist at the International Energy Agency (IEA) read more
Survey Says Global Oil Demand Will Outgrow Supply in 2010—But W…
HeatingOil.com | November 25th 2009 by Tara
Chinese consumption has always been projected from imports—but at time when they are stockpiling oil, that assumption cannot be taken for granted. (image: eia.doe.gov) According to a Reuters poll of oil-tracking analysts and organizations, oil de read more
Peak oil, prices, and supplies - Nov 24
sunlight shut | November 24th 2009 by merciebill
-Awash in fossil fuels-World oil demand growth to outpace supply in 2010: poll-US Economic recovery in the era of inelastic oil read more read more
Media Goes Bing vs. Google
Beyond Noise | November 23rd 2009
Will we really see a Bing-News Corporation deal? A wider boycott of Google? An Opec for news? http://j.mp/7mCuli read more
Media Goes Bing vs. Google
eWerx!..communications | November 23rd 2009
Will we really see a Bing-News Corporation deal? A wider boycott of Google? An Opec for news? http://j.mp/7mCuli read more
Staking Out the Middle Ground
sunlight shut | November 19th 2009 by merciebill
In my view, the Uppsala study is unduly pessimistic, implying an immediate crisis (in 2010 and thereafter) which is not in accord with reasonable expectations about future production levels both within OPEC and outside the cartel. In alerting the pub read more
IEA Economist Birol Addresses Reactions to the World Energy Outlo…
HeatingOil.com | November 19th 2009 by Tara
Fatih Birol, the IEA’s chief economist and a key figure behind their recent World Energy Outlook. (image: evworld.com) Last week, Fatih Birol, chief economist for the International Energy Agency, answered questions submitted to the Financial Times read more
Some OPEC Members Increasing Capacity Despite Dismal Demand
HeatingOil.com | November 18th 2009 by Tara
“Block 5” contains Qatar’s Al Shaheen oil field in the Persian Gulf, one of several OPEC-controlled fields where production could be increased. (image: maerskoil.com) A few members of OPEC have set their eyes to the future. According to an ar read more
Chris Nelder’s Notes on the 2009 ASPO-USA Peak Oil Conference (…
sunlight shut | November 18th 2009 by merciebill
These are merely my notes from the conference. I hope they will be useful to others as an index to the volumes of material that were covered. read more read more
Die Öl-Förderkapazität von OPEC wird 2010 um 15 Prozent steige…
Boersennotizbuch | November 17th 2009
In den letzten Jahren haben die OPEC-Länder das Ölangebot relativ knapp gehalten, in dem sie unter anderem weniger intensiv in neue Kapazitäten investierten. Neue Projekte gab es dennoch, und diese zusätzliche Kapazität kommt read more
Will Oil Reach $80 in 2010?
Commodity Blog | November 16th 2009 by Andrey Moraru
Crude oil price reached the highest level in six weeks because of the weakening dollar and the speculation that the global economy are recovering and energy demand rebounds. Stocks rose after retail sales in&nb read more
Is Saudi Arabia Ready To Play Hardball With Iran?
The Bare Knuckled Pundit | November 15th 2009 by Dwight Alvis
By John Hannah, Foreignpolicy.comNovember 13, 2009Are 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 n read more
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