Tag: Oil CompaniesSort
Oil Diplomacy to the Rescue? Cuban Drilling off Florida Keys to Begin by End of the Year
For 51 years the U.S. has imposed an economic embargo against Cuba, severely crippling the island’s economy for its effrontery in choosing a socialist path for development, a policy confirmed and intensified in the wake of the 1962 Cuban Missile Crisis.
Now the unlikeliest of economic interests may be bringing the two countries closer together – oil.
Daniel Yergin and Peak Oil - Prophet or Mere Historian?
On 17 September The Wall Street Journal published a fascinating article on “peak oil,” “There Will Be Oil,” written by Daniel Yergin, chairman of IHS Cambridge Energy Research Associates, an energy research and consulting firm and deserved recipient of Pulitzer Prize for his 1991 book, The Prize: The Epic Quest for Oil, Money and Power.
U.S. to Restructure Offshore Drilling Regulatory Agency in Wake of Oil Spill
Damage Done By Nigeria’s Contentious Oil Bill May Be Tough To Undo
Yemen’s Push Into the Gas Sector Fails to Stimulate Great Excitement and Raises Disturbing Questions
US Energy Security Placed at risk as Oil & Gas Companies are Penalised by Obama Administration
The Obama Administration is currently pursuing a misguided and dangerous war on the oil and natural gas industry, blaming it for not doing enough to curb greenhouse gas emissions. Not only does this belligerent policy fail to improve the situation it was designed to address, it will also place U.S. energy security at much greater risk in the long run.
A Big Vote of Confidence for the Alberta Oil Sands
News came yesterday that oil major BP is close to a deal in the Alberta oil sands.
It appears that BP is the preferred bidder for a majority stake in bankrupt oil sands developer Value Creation. The price tag is $1.2 billion.
This is a big vote of confidence for the oil sands. At a time when confidence in Alberta's massive oil deposits has been flagging.
The IEA has apparently calculated that OPEC earned 575 billion (U.S.) dollars in oil export revenues in 2009, a relatively depressed year, and might earn more than 700 billion this year. If this is true, I choose to believe that OPEC's future strategy is almost identical to the one I would employ if I were in their place.
India’s Vast Energy Requirements Beckon a Nuclear Future
Oil Won’t Last Forever – What happens when it runs out?
This question has been nagging the industrial world since the discovery of the first oil well is what happens when the wells begin to run dry. The oil companies, the people who manufacture cars and airplanes and legions of scientists and inventors have all been planning for that day.