Wednesday 17 March 2010

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Torrance Stephens - All-Mi-T

Liberally Conservative

Enigma4ever

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News

Crude Prices Stagnate Amid Doubts About Global Demand

Crude oil prices tread water for the week as uncertainty about demand continued to weigh on the market. Prices were down slightly on the week, with the benchmark West Texas Intermediate settling on Friday at $81.24 a barrel, compared with $81.50 a week (...)

16 Mar. 2010 | | Staffjam

News

Damage Done By Nigeria’s Contentious Oil Bill May Be Tough To Undo

Nigeria’s controversial oil industry bill is expected to eventually pass but the government may find it tough to later shift gears as international oil firms targeted under the legislation scale back their investments. The Nigerian parliament is (...)

16 Mar. 2010 | | Staffjam

Comment

Ethanol: maybe less of a neccessity

The growth of ethanol production, due to the need first of some countries, mainly Brazil, for energetic independence and second to the fact of ethanol being the next best alternative after fossil energy, has often been blamed for the rise in food (...)

15 Mar. 2010 | | Bensred

News

There Will be No Economic Recovery as the Era of Cheap Oil Comes to an End

When oil crossed $120 a barrel for the first time in May 2008, oil cornucopians knew they were in trouble. Prices had quadrupled in just five years, yet had failed to bring new production online. Regular crude had flatlined around 74 million barrels per (...)

11 Mar. 2010 | | Staffjam

Business

U.S. Jobs Data Propels Crude Oil Above $80 a Barrel

Jobs data indicating that U.S. economic recovery might be picking up steam finally pushed crude oil futures decisively over the stubborn $80 a barrel threshold. Nymex’s benchmark West Texas Intermediate settled Friday at $81.50 a barrel, a (...)

9 Mar. 2010 | | Staffjam

Business

25 Feb. 2010 | 1 comment | Staffjam

News

Strike at French oil refineries

A strike at French oil refineries lifted prices to a five-week high Friday, with the benchmark West Texas Intermediate finishing the week at $79.81. The French strike threatened to limit U.S. imports of refined products from Europe. An easing of the (...)

22 Feb. 2010 | 2 comments | Staffjam

Business

Peak Oil and the Investment Landscape: A Look at the Potential Winners and Losers

Last month, I explained in an article how and why the world is approaching a worldwide peak in oil production sometime in the next decade. Although there are large implications throughout the economy, I want to say upfront that I do not think this will (...)

22 Feb. 2010 | 1 comment | Staffjam

Business

Libya Faces Tough Energy Sell Following Scant Oil & Gas Claims and Government Fiascos

Once an international outcast for its penchant for terrorism and weapons of mass destruction, Libya now wants foreigners to take a greater stake in the oil market and in turn encourage local firms to play a larger role as well. The Libyan government has (...)

19 Feb. 2010 | 1 comment | Staffjam

Business

A Big Vote of Confidence for the Alberta Oil Sands

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. With the oil price having pulled back over the last year, a lot of concerns were once again being trotted out about (...)

16 Feb. 2010 | 4 comments | Staffjam

Business

Crude oil prices took a dive on Friday

Blizzard conditions in the U.S. Northeast had propelled West Texas Intermediate prices back up above $75 earlier in the week. But a decline of some 1.5% on Friday pushed prices down near $74 a barrel again. Still, oil was ahead about 4% on the week. Crude (...)

15 Feb. 2010 | 3 comments | Staffjam

Business

Endless Oil

”Endless Oil” is the title of a piece in Business Week (Jan, 18, 2010). Its author is Stanley Reed, and it was interesting for me because I remember when Business Week would not have published a tissue of nonsense like that article, and (...)

9 Feb. 2010 | 3 comments | Staffjam

Business

Oil Prices Fall Sharply as General Market Sells Off

After starting the week on a firmer note, oil prices fell sharply toward the end of the week in a general market sell-off as investors sought the dollar as a safe haven amid worries about European Union economies. After starting the week on a firmer note, (...)

8 Feb. 2010 | 3 comments | Staffjam

Business

Despite strong GDP Growth Energy Prices Sink Lower

Crude oil futures slipped below $73 a barrel for West Texas Intermediate late Friday as a temporary boost from strong GDP figures failed to last and let prices sink to a one-month low. Crude oil futures slipped below $73 a barrel for West Texas (...)

1 Feb. 2010 | 2 comments | Staffjam

International

Demand for African Energy Hits all time high

Industry leaders meet at the NG O&G Summit Nairobi Kenya. Demand for African Oil and gas has hit an all time high only days into the New Year. Asian buyers, led by Chinese refiners, have bought a record 1.9 million barrels per day (bpd) of crude from (...)

11 Jan. 2010 | 2 comments | Emma Naylor

Business

Iraq Oil Output to Rival Saudi Arabia, if…

After decades of dictatorship, war and international sanctions, Iraq’s massive oil reserves are set to be tapped proper. If the seven oil projects awarded to foreign oil companies this weekend, and the three from an auction earlier this year, (...)

29 Dec. 2009 | 1 comment | Staffjam

International

Unswayed by Political Risks, Oil Companies Eye Iraq’s Multibillion-Barrel Prize

As multinational military forces have left Iraq, international petroleum companies have eagerly descended — seduced by the long-term potential of vast oil reserves off-limits to foreigners for decades. Yet lingering violence, legal questions and (...)

9 Dec. 2009 | 1 comment | Staffjam

Business

Distorted IEA Oil Reserve Figures Create Biofuel Opportunities In Central Asia

The recent revelations of a International Energy Administration whistleblower that the IEA may have distorted key oil projections under intense U.S. pressure is, if true (and whistleblowers rarely come forward to advance their careers), a slow-burning (...)

30 Nov. 2009 | | Staffjam

Environment

NG O&G Summit welcomes Neil Bush and Karl Rove

The latest in the highly anticipated NG O&G summit has just taken place in New Orleans. Today, energy is at a crossroads. While the energy crisis has made its mark in the media the industry met to discuss the impacts on the sector. It is of utmost (...)

20 Nov. 2009 | | Emma Naylor

Comment

It is never too late to MEND

This won’t be a substantive post, but more a notice to myself to build one. A seriously under-reported story on the global guerrilla beat is that the Nigerian government has succeeded, at least for the moment, in either defeating the Niger Delta (...)

12 nov. 2009 | | Alex Harrowell

Business

Nabucco:Tomorrow never dies!

It’s hard to say that opera is an art which has ever been very popular in Turkey. Naming pipe line from a well-known opera work of Guiseppe Verdi doesn’t make sense for citizens of Turkish Republic. Maybe being informed that Nabucco was a king (...)

15 Jul. 2009 | | HAKAN KIZILAY

Business

Oil Prices Falling - Oil Companies Hit Hard. World Ends !

Oil prices have fallen, consumers are enjoying much lower gas prices and that’s the way free markets work. Imagine that ! But wait, oil companies are posting losses and politicians aren’t busy crying out “off with their heads” or (...)

2 fév. 2009 | 1 comment | Liberally Conservative

Business

Canceled Oil Projects Illustrate The Dangerous Game North Dakota Is Playing With Its Budget

The New York Times reports on low oil prices causing oil development projects in North Dakota being delayed or canceled. Meanwhile, North Dakota Governor John Hoeven has proposed a statewide budget for the next two years that increases general fund (...)

17 déc. 2008 | | Rob Port

Business

Killing the Goose That Lays the Golden Egg

During last week’s Senate Dog and Pony Show on the rising price of oil, Senate liberals were doing all they could to paint “Big Oil” and those in the industry as villains. Also included were evil “speculators” in the (...)

28 mai. 2008 | 1 comment | Rob Port

Business

Police Departments Across The Country Are Changing To Adjust To The Skyrocketing Cost Of Fuel

The price of gas is beginning to have an effect on police departments everywhere. When budgets were written a year ago before the beginning of the current fiscal year (which starts July 1) nobody counted on gas being almost four dollars a gallon. Police (...)

23 mai. 2008 | | Rob Port

Europe

$ 200/Barrel Oil?

The nominal price of a barrel oil has passed another magic barrier: $ 125 for the first time in history. It is no longer a question if the price of oil will reach the cap of $ 200 per barrel, but rather when. They are bound to continue their inexorable (...)

13 May. 2008 | | Blogactiv Team

Environment

How Much Does Ethanol Cost Us

Lately there’s been some discussion in the comments regarding just how much the corn diverted to ethanol production has affected the world wide food shortage. Aside from ethanol we’ve seen rising demand as well as crop failures in various (...)

30 avr. 2008 | | Rob Port

Environment

Time to act

Canadians have been treated to a barrage of bad news about the future health of their environment: Toronto, for example, will experience even worse air quality, while the Prairies, including Alberta, will see hotter and much drier conditions. Alberta (...)

13 Mar. 2008 | | Werner Patels

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