Bush Win Sends Oil Near $51 a Barrel
Oil prices surged more than $1 on Wednesday as the re-election of President Bush countered the impact of a big increase in spare oil supplies ahead of winter.
Energy Policy
Australia: Energy scheme’s demise ‘threatens wind farms’
Hydro Tasmania says the Federal Government’s decision not to extend the Mandatory Renewable Energy Targets (MRET) scheme will spell an end to wind farm development after 2008.
Kunstler On US Election Results
Bush will enter his second term with a flimsy mandate. He will preside over the global oil production peak and the widespread instabilities it will initiate, including ever-widening jihad. There is every indication that the US economy — based on continual suburban development — will crater under the circumstances of the next four years.
Libya to abolish $5bn of subsidies
Libya intended to abolish $5 billion (about R30.4 billion) worth of subsidies on electricity, fuel and basic food in a major move to liberalise its economy, Prime Minister Shukri Ghanem said on Monday.
India resorts to oil diplomacy
India is beginning to institutionalise oil diplomacy. In order to counter the towering presence of China National Petroleum Corporation and Japan National Petroleum Corporation, it has decided to use the expertise of the ministry of external affairs.
Presidential Candidates Seen Ignoring Consequences of Global Oil Depletion
During months of often bitter campaigning, the U.S. presidential candidates have focused on many issues, but one that has gotten little if any attention is the problem of oil depletion, often referred to as “peak oil”; the point at which global demand for petroleum exceeds our ability to extract it.
An American’s Thoughts on the U.S. Election
Ken Reiner on why voting is not enough: ‘time is of the essence; we cannot wait 4 years, then another 4. Global warming is here now, ozone depletion is here now, we have reached peak oil now and drinking water is already insufficient for the world’s present population which is still growing. Actions all over the world and within our country must be taken in the coming months to undo the corporate grip destroying us.”
Speculators Bet on Kerry Win, Oil Falls
Oil prices fell sharply on Monday on speculation that a U.S. election win for Senator John Kerry could ease the geopolitical friction that has helped fuel this year’s record-breaking rally.
Energy expert: oil and national security linked
Michael Klare emphasized the geopolitical consequences of the relationship between oil and national security in a speech at at Tufts University. “The situation facing us Americans is much more threatening and dangerous than it was four years ago,” he said.
The Bi-Partisan Politics of Oil
How big oil shapes US policy, through both the Democratic and Republican parties. Long, detailed article.
Oil Prospecting Under Kremlin Watch
As the Russian government moves to reassert its sway over
the country’s lucrative energy business, the British oil and gas
giant BP would seem to be an obvious target. The company’s 50-50
Russian venture, called TNK-BP, is posting record profits, and now
pumps one of every five barrels of BP’s worldwide oil supply.
OPEC urges U.S. to release Strategic Petroleum Reserve
JAKARTA, Indonesia (Reuters) — OPEC president Purnomo Yusgiantoro said Wednesday he had urged the United States to use its strategic petroleum reserves (SPR) to bring down oil prices.