By Aage Figenschou, with Matt Simmons The groundbreaking new IEA World Energy Outlook 2008 is still a product of a somewhat schizophrenic organization. Here and there you still have references to how abundant the resource base is (9 trillion barrels all in) and how satisfying demand is only a question of timely investments. The oil optimists are
OPEC seems to be in more disarray than usual this week. After agreeing to hold an emergency session in Cairo on November 29th, contradictory statements
Oil prices have fallen for the last four trading sessions. Monday’s drop was precipitated by reports from China that domestic demand for oil had fallen
A crude oil pipeline that feeds into the Chevron-operated Escravos export terminal in Nigeria’s Delta state was attacked late Friday.
Jeff Rubin, Chief Economist at CIBC World Markets says that the current recession is caused by high oil prices. Defaulting mortgages are only a symptom
World Energy Outlook 2008 report details significant challenges in petroleum production, agreeing with ASPO-USA’s long-held position DENVER (Nov. 17) – National and international energy agencies
After the markets digested China’s $586 billion stimulus package on Monday, prices fell from a week’s high of over to $65 a barrel until at one point oil was trading below $55. All the bluster
It is now confirmed that the meeting of Arab OPEC members in Cairo on November 29th will be expanded into a general OPEC meeting to discuss production levels. As the average price for OPEC produced oil
The official release of the IEA’s World Energy Outlook 2008, has already brought forth a flood of new stories and commentary. Most of the immediate press stories focused on the need to find 64 million
