News from September 2004

Why Africa keeps fighting over oil

Peace talks continued in Nigeria Thursday between the government and the leader of a militia group.

By Michael Peel | Correspondent of The Christian Science Monitor

LAGOS, NIGERIA

Kerry: Oil prices show Bush broken promises

SPRING GREEN, Wisconsin (AP) — Democratic Sen. John Kerry said Wednesday the $50 per barrel price of oil reflects a broken promise of President Bush that will hurt average Americans. Bush said Iraqi oil “would pay for the war, but we know that those oil pipes are being blown up,” Kerry said. “We know that [...]

The man who foresaw skyrocketing oil prices

In a world dominated by self-censorship, only the brave speak out. But in a world running on cheap energy, with all the consequences that it brings, only those who value their integrity above their wallet are worth listening to. Back in April one man, Iranian oil and energy analyst and expert Ali Bakhtiari did just [...]

Natural gas supply fears raise prices

Natural gas prices have jumped 17% in two days, a chilling development for the millions of Americans who heat their homes with natural gas. The price for a million British thermal units of natural gas trading in New York for delivery in November rose 56 cents, or 8.8%, to $6.911 Wednesday as supply jitters rattled [...]

U.S. Politician in House: No Oil shortages.

WASHINGTON – As oil prices climb to record highs above $50 per barrel, some have asserted that we are “running out” of this resource. In truth, we are not running out of oil in America. We can safely increase domestic production by at least 17.2 million barrels per day by 2030. Source

Shortage of the political will

According to House Resources Committee Chairman Richard W. Pombo (R-CA) said. “Washington has a shortage of the political will required to let American workers go get it. We have not increased domestic supply in thirty years. As a result, our dependence on foreign oil has skyrocketed to the point where we are sending $200 billion [...]

Saudi Arabia Wants Russia Help Managing Oil Prices

Saudi Arabia, one of the world’s largest oil producers, has called for coordination with Russia to react to the consequences of fluctuations in oil prices on the world market. http://www.interfax.ru/e/B/0/28.html?id_issue=1070745009-30 07:25: Saudi Arabia Wants Russia Help Managing Oil Prices-Agency MOSCOW -(Dow Jones)- Saudi Arabia, the world’s largest oil producer, has asked Russia for help coordinating [...]

Oil shortage or surplus? Ask shortage of what oil?

Many refineries are not set up to process abundant heavy crude oil because it is more difficult, expensive to refine into products.MiddleEastOnline

IMF says expensive energy is here to stay

The International Monetary Fund yesterday issued a warning that record oil prices will stunt the growth of the global economy next year and oil prices are likely to remain high for 10 years or more. Guardian

Peak Oil on CBC radio

CBC radio had on Linda McQuaig this morning who did a good job in my opinion of covering the issues about how oil factored into the Iraq war. Peak Oil came up and was discussed seriously.

CBC Radio TheCurrent