peak oil news
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Oil and pipelines driving Canada's economy
Quebec :: Canada | 6 hours ago
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Natural resources form "one of the cornerstones" of the Canadian federal and provincial economies, Natural Resources Minister Joe Oliver said...The Canadian Department of Natural Resources said oil production from North America is expected to
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Egypt to boost fuel supply to ease power shortages
Doha :: Qatar | 2 days ago
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The Egyptian government said on Wednesday it would supply more gas and diesel to power stations to deal with electricity shortages that have worsened in recent months after the cash-strapped country failed to import enough fuel. The government has
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Gas price increase likely
Karāchi :: Pakistan | 5 days ago
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The caretaker government would increase gas rates for all five categories of consumers, Petroleum Minister Suhail Wajahat said on Sunday. Addressing a press conference with federal minister for water and power, Mr Wajahat said that all five
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3 Factors Keeping Oil Above $90 a Barrel
Alexandria :: VA :: USA | 5 days ago
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Factors Keeping Oil Above $90 a Barrel The gushing oil well at Spindletop Dome in Beaumont, Texas, is one of the most iconic images in the history of oil. When the well hit paydirt, oil spewed 150 feet into the air at a staggering rate of 100,000
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Super cycles of goods and why they matter
London :: United Kingdom | 7 days ago
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Rating In Summary Over the last 150 years, the world has been through three complete super-cycles, each about four-decades long, and each making commodities between 20 per cent and 40 per cent more expensive, before prices dropped. They all took
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Oil majors flock to offshore Brazil
Brasília :: Brazil | 7 days ago
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French supermajor Total said it secured awards for 10 new exploration licenses during the latest auction for Brazilian reserves. Total said it will serve as the operator with a 40 percent stake in five blocks in the Foz do Amazonas basin, take on a
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Why Are OPEC Countries Abandoning Oil Consumption?
Riyadh :: Saudi Arabia | 8 days ago
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This collection of countries is responsible for over 40% of all oil production around the world. For many of these countries, oil is far and away the largest source of governmental revenue. In Saudi Arabia, 45% of its GDP is generated from oil
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BHP Billiton eyes more diversification
Maracaibo :: Venezuela | 8 days ago
Credibility
Andrew Mackenzie, a Scot who officially took the helm of the company last week, said BHP has a number of exciting options for the future, including in conventional oil and gas, liquefied natural gas and more recently shale oil and shale gas. "I will
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Electricity pushes up producer prices
Auckland :: New Zealand | 8 days ago
Credibility
The input PPI, representing the prices of goods and services used by New Zealand producers, also rose 0.8 percent in the March 2013 quarter. Higher electricity generation prices contributed to increases in both the output and input PPI, prices
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Philly Fed: Manufacturing tumbles
San Francisco :: CA :: USA | 8 days ago
Credibility
Yesterday, the Federal Reserve reported that nationwide manufacturing output fell 0.4 percent nationwide in April, the largest drop in six months. The New York Fed reported its general economic index declined to minus 1.4 this month from 3.1 in April.
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