American Oil Crisis News and Info
Even as we’ve been going through years of hand-wringing about security of supply, and about how Russia was an unreliable gas supplier, it comes out the European gas buyers are themselves increasingly refusing to pay the price that underpins the security of their Russian supplies, and are breaking their contractual obligations towards Gazprom, making Europe, erm, a less reliable customer…
“Peak oil can be a very tricky topic, the way I talk about it and deal with it at the end of the day is: We need to revolutionize the way we consume and produce energy… We need to really be the leaders in saying: the future for our children and our grandchildren as far as energy consumption and as far as production, it looks like this” with those words Colorado Governor Bill Ritter started his closing speech at the ASPO conference in Denver that took place from 10 to 12 October 2009.
The price of oil has more than doubled from its nadir of $30 a barrel earlier this year. To explain the resilience of oil prices in the face of a severe economic slump, the oil optimists have turned to an old standby argument: resource nationalism.
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-Global Warming Accelerating While The U.S. Backpedals
-India’s quest for uranium
-Putin’s China Visit Helps Russia Become Global Energy Supplier
-Iraq cuts foreign deals for major boost to oil output
-The U.S. military’s battle to wean itself off oil
-What’s yours is mine
-Big Oil Front Group Fights for Tar Sands
-Saudis Seek Payments for Any Drop in Oil Revenues