Month: August 2009

In Russia, Anatoly Dmitrievsky, director of the Institute of Oil and Gas Problems (Russian Academy of Sciences), said $280 billion of investment into the development of global oil reserves has

The struggle between optimists and pessimists goes on and on with neither side as yet gaining a decisive advantage. Oil prices started the week close to $75 a barrel on

In July 2009 world production of all liquid fuels increased by 580,000 barrels per day from June according to the latest figures of the International Energy Agency (IEA), resulting in

Hope I die before I get old —The Who, My Generation The vagabond who is rapping at your door Is standing in the clothes that you once wore. Strike another

Peak Oil Could Now Be Reality ASPO 2009 International Peak Oil Conference Brings Experts Together to Discuss Impacts on U.S. and Global Economy DENVER, Colorado – August 18, 2009 –

From an ongoing study by the UK’s Industry Peak Oil Task Force, early indications are that the recession has moved the peak a little further into the next decade, but

There can be few fields of human endeavor in which history counts for so little as in the world of finance. Past experience, to the extent that it is a

On Monday, Beijing announced that it will unveil a plan to develop new energy sources, including wind, solar, nuclear, and “clean coal” by the end of the year. The announcement

Crude oil continues to trade around $70 a barrel as OPEC continues to increase production, stockpiles continue to build, and demand remains weak except perhaps in China. The weekly stocks

As far back as its initial date of publication, a cartoon drawn by Denver-based cartoonist Ed Stein in 1977 was a favorite of well-known individuals concerned about long-term world oil

Across Nigeria, the consistent rise in the cost of diesel fuel to power electric generators is alarming. The effect on the cost of doing business is particularly severe. Unreliable power

Everyone is a genius in a bull market —old financial saying Disbelief in magic can force a poor soul into believing in government and business —Tom Robbins I would argue

World oil consumption will rise for the first time in two years in 2010 as a recovery in the global economy boosts demand, according to a Reuters poll of top