One of the ongoing tragedies of the Exxon Valdez oil spill is that thousands of people who worked on the cleanup are sick, have gotten sick, and continue to die from inhaling the lethal cocktail of oil and dispersant. The...
To paraphrase the great writer Samuel Langhorne Clemens, better known as Mark Twain: “Rumors of my death have been greatly exaggerated!" And so it is with the tar sands, one of the hottest debates in the energy industry. Its growing...
It must be depressing being a banker these days. As stock markets plunge, banks go to the wall and confidence crumbles you will be looking for a safe place to invest your money. Gold is looking a good bet these...
So are speculators pushing the oil price up, and if so by how much? A leading American senator yesterday pressed the top futures market regulator for more information about speculation by big investment funds in crude oil futures. Commodity Futures...
The world may not be able to afford more oil drilling, but that won’t stop the madness in Alberta continuing. The Canadian oil industry is poised for record year with 2008 profits rising 18 per cent to nearly $23 billion,...
On Monday, the Moscow Times ran a story on one of the most watched projects in the Caspian region. Kashagan, an offshore oil project in the Kazakh sector of the Caspian Sea, is the largest oil field to have been...
Marathon Oil made news earlier this week when it was announced that it was buying Calgary-based Western Oil Sands, to move into Canadian oil sands. The company is again in the news, this time for paying a $1 million fine...
Something of Chinese and Russian theme today. Underpinning two of the stories is China’s growing international search for oil and gas to keep feeding its rapidly expanding economy. The other issue is the geo-politics of the Russian oil industry. Lets...
Unbelievable story from the New York Times from a few days ago about oil spas in Azerbaijan. According to the Times: “The petroleum spas of Naftalan in central Azerbaijan, one of the little-known but once popular vacation spots of the...
Ever wondered how much of the oil price is pure hype or fear? Well there is an interesting article in today’s New York Times, which quotes Michael Rose, the director of the energy trading desk at Angus Jackson in Fort...
