• “Asia to become biggest consumer of Russian energy” (RT) -- Asian markets will import up to 20% of Russia’s energy production until 2020, says Dmitry Streltsov from the Moscow State University of International Relations, commenting on the new...
• Peak Gasoline Is Here The jury's still out on peak oil, but the concept of peak gasoline has some very credible proponents. Last Thursday, ExxonMobil (NYSE: XOM) CEO Rex Tillerson argued that U.S. gasoline consumption...
• Facts and Figures: Where we really stand with respect to oil and natural gas supplies Related: World Oil Production Peaked in 2008; Emergency Preparedness and Peak Oil Preparation(The Oil Drum) -- A few days ago, I gave a presentation in Poland that talks about how much difficulty the...
• China has begun refined fuel stockpiling: planner China has already begun adding refined fuel to its state reserves as part of a larger plan to enhance the country's energy security, a top economic planner said on Sunday. In May, an industry...
• Abkhazia runs out of oil reserves Related: Abkhazian government had already reached an agreement with Russia's largest state-run oil company, Rosneft, for the supply of up to 500 metric tons of gasoline within the next few days, and...
• Brazil Seeks More Control of Oil Beneath Its Seas Faced with the world’s most important oil discovery in years, the Brazilian government is seeking to step back from more than a decade of close cooperation with foreign oil companies and more...
• Warning: Oil supplies are running out fast The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading...
• Russians to Drill Melting Arctic (for oil) with Nukes Whats even dumber and more shortsighted than drilling the melting arctic for the last drops of oil? Drilling the melting Arctic for those last drops of oil using nuclear power. In a cavalier act of...
• Iraq oilfields up for grabs in TV auction Related: Declassified Documents Reveal Saddam Wanted Alliance With U.S.The world's oil majors will compete in an extraordinary scramble for the right to develop the country's oilfields.
It has been...
• Competition for remaining oil will be fierce We’ve heard dire warnings of impending oil shortages all our lives, but this time the wolf may actually be at the door. Most news coverage of $2 gasoline has been focusing on U.S. refining...
• Calm days, clouds could stymie solar, wind future Maybe the future of climate friendly energy won't have as much to do with wind and solar energy as current booms in those technologies suggest. Clouds and calm days could make the alternative energy...
• Iraq: oil industry protests private service contracts (WW4 Report) -- By the end of June, Iraqi Oil Minister Hussain Shahristani is scheduled to award service contracts to foreign oil companies to develop six of the country's largest oil-fields over the...
• Every Drop Counts: Bill Would Allow Oil Drilling In State Parks The Ohio Senate passed its version of the state budget on Wednesday, including in the bill a controversial plan to drill for oil and gas in Ohio's state parks. Republican legislators believe fees...
• World Oil Reserves Fell for First Time in 10 Years, BP Says Global proved oil reserves fell last year, the first drop since 1998, led by declines in Russia, Norway and China, according to BP Plc. Oil reserves totaled 1.258 trillion barrels at the end of 2008,...
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