North America is the “New Middle East”
The US could soon replace Saudi Arabia as the world’s leading oil producer, just as the Saudis promise to go green
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2026
2026
Top 5 myths about subsidies to oil companies
This is a cross-post from Transition Voice. Written by Erik Curren Can the president who killed Osama bin Laden now stand up to Big Oil? Encouraged by comments made by House Speaker John Boehner that subsidies for oil and gas...
Deja Vu as Oil Spill Workers Get Sick
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...
Chinese in $2 Billion Tar Sands Deal
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...
Climate Risk Set to Impact Oil Sands Development
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...
Senator Quizzes Regulator on Speculators
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...
Oil Sands Firms See Record Year
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,...
Kazakhstan renegotiating contract for Caspian oil
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 to Pay $1 Million Fine
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...
China Deals with Chavez
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...