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The Three Energy Wars

"We are practically in an energy war. The price of a barrel of petrol has multiplied threefold" (in the last two years), the French Finance Minister Thierry Breton told Europe 1 radio station on July 25.
Contrary to the contention of the French minister, the world in fact is locked in three energy wars, not one: a price war, an investment and deals war, and a geopolitical war.

Dar Al Hayat

Posted on Monday, July 31 @ 11:21:48 PDT by waegari

Most read story about Consumption; Demand; Prices:
Forget About Cheap Oil

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Re: The Three Energy Wars (Score: 1)
by billp on Tuesday, August 01 @ 00:11:21 PDT
(User Info | Send a Message) http://www.prosefights.org/

Sunday, July 30, 2006
MEXICO CITY — Output at Mexico's most important oil field has fallen steeply this year, raising fears that wells there, which generate 60 percent of the country's petroleum, are in the throes of a major decline.
Production at Cantarell, the world's second-largest oil complex, in the shallow Gulf of Mexico waters off Mexico's southern Campeche state, averaged just over 1.8 million barrels a day in May, according to recent government figures. That's a 7 percent drop from the first of the year and the lowest monthly output since July 2005, when Hurricane Emily forced the evacuation of thousands of oil workers from the region.