For those of you who are not familiar with the term, Chutzpa it means unmitigated gall. It has best been described as a man who kills his father and mother and then throws himself on the mercy of the court on the grounds that he’s an orphan. OPEC has Chutzpah. The oil cartel has been milking the rest of the world for decades by helping to keep oil prices artificially high. Now it's members are...
It’s back, the prospect that Microsoft might try to make Rupert Murdoch happy by offering a “get listed with Bing” exclusive deal. Later, I’ll revisit the topic in a coordinated fashion. But for now, I’ve collected a number of thoughts I’ve put out on Twitter, in blog comments and elsewhere. First, I’ll point readers back to [...] ....
The chief of the Opec oil cartel said that oil-producing countries should be compensated for lost revenues if UN climate talks in Copenhagen next month reach a deal that cuts the use of oil. In an interview with The Times, Abdullah Salem al-Badri, of Libya, who is due to speak in Copenhagen, said that richer oil-consuming countries such as Britain and the US should acknowledge that historically they...
Iran's oil Minister said on Sunday that the increase of crude production by non-OPEC countries has had an adverse impact on oil prices, the official IRNA news agency reported. "Although OPEC has lowered its production ceiling several times, non-OPEC producers have increased their oil output with negative impact on crude prices," Masoud Mirkazemi was quoted by IRNA as saying. The Organisation...
From The Oil Drum : World crude oil, condensate and oil sands production peaked in 2005 at an annual average of 73.72 million barrels per day (mbd) according to recent EIA production data. 2008 production was slightly less than 2005 creating a peak plateau from 2005 to 2008 as shown in the chart below. Production is expected to decline further as non OPEC annual oil production peaked in 2004 and is...
If this email is not displayed correctly, please click on the following link or open your browser and paste the link into the address field: http://view.ed4.net/v/6NPSBB/XPFRL/XEQHJD/SPN1R/ Energy Monday November 23 2009 FT.com - Energy Europe looks to lead green revolution Chief executives from leading European industrial companies intend to expand into green areas beyond wind and solar power http://link.ft.com/r/6NPSBB/D7YZ0/QNRPS/C5WCTT/PQI3E/AZ/h...
Quico says: I almost choked on my breakfast burrito this morning when I read Ian James's write-up for the AP of Chávez's lunatic little dithyramb to Carlos the Jackal the other day : Hugo Chavez has defended the alleged terrorist mastermind Carlos the Jackal, saying the Venezuelan imprisoned in France was an important "revolutionary fighter" who supported the cause of the Palestinians....
On Jan. 7, college football will crown its national champion, but I believe this title should come with an asterisk. That is because the participants are determined by the Bowl Championship Series (BCS), a fatally flawed system established in 1998 to guarantee certain schools in certain conferences a certain amount of money every year. It is simply a cartel, much like OPEC, that ensures the money brought...
The chief of the Opec oil cartel said that oil-producing countries should be compensated for lost revenues if UN climate talks in Copenhagen next month reach a deal that cuts the use of oil.
If Fox News is an "arm of the Republican party", then what do you call this? Here we have the quite lovely but obviously just as biased Nora O'Donnell, whom Chris Matthews refers to as a "hard news" reporter, telling us that the crowd "has a connection" to Sarah Palin, "and I think it's an emotional one." Sounds like opinion to me, however much truth there may...
There once was an english white viper, that wasn't going to get any riper. Nice Price or Crack Pipe wonders if you should pluck it, or instead should you just walk away and say. . . Okay, let's all get together here and have a group hug over the '86 Eagle from yesterday. Rarely comes along a car, at such a price, that generates such unanimity among the Nice Pricians and Crack Piperarians, but this...
by Jonathan Hiskes So who will be the real power players in Copenhagen? The official estimate for official delegates attending the U.N. climate conference hovers somewhere around a gajillion. OK, seriously, it’s a mere 20,000. Then there are thousands of activists, journalists, business leaders, and NGO reps who will be seeking the delegates’ ears. Here are 15 people worth watching—ones...
OPEC could decide to raise oil output slightly at its ministerial meeting next month if there were to be a substantial rise both in oil demand and prices, Nigeria's oil minister, Rilwanu Lukman, said on Thursday.
Much has been said about the ‘global recession (an expression that now seems to be a catch all phrase for an economic downturn). Various explanations have been headlined for this phenomenon- suffice to say none fully engaged my probing mind. Economic jargons used merely sensitised my antennae to identify the underlying ‘untruth. Shrinkage of the economy (recently announced in Britain-...
The latest Argentina Oil & Gas Report from BMI forecasts that the country will account for 6.29% of Latin America regional oil demand by 2013, while providing 6.85% of supply. Latin America regional oil use of 6.66mn barrels per day (b/d) in 2001 reached an estimated 7.61mn b/d in 2008. It should average 7.57mn b/d in 2009 and then rise to around 8.23mn b/d by 2013. Regional oil production was just
The latest Australia Oil & Gas Report from BMI forecasts that the country will account for 3.26% of Asia Pacific regional oil demand by 2013, while providing 6.00% of supply. Asia Pacific regional oil use of 21.40mn barrels per day (b/d) in 2001 reached an estimated 25.87mn b/d in 2008. It should average 25.79mn b/d in 2009, then rise to around 29.12mn b/d by 2013. Regional oil production was just
The latest Colombia Oil & Gas Report from BMI forecasts that the country will account for 3.23% of Latin America regional oil demand by 2013, while providing 6.38% of supply. Latin America regional oil use of 6.66mn barrels per day (b/d) in 2001 reached an estimated 7.61mn b/d in 2008. It should average 7.57mn b/d in 2009 and then rise to around 8.23mn b/d by 2013. Regional oil production was just
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