Green Energy
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In 6 years America will become the world’s largest oil producer once again “America is poised to become the world’s largest oil producer once again — nearly four decades after it lost the title,” writes The Sunday Times. Goldman Sachs,...
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MSNBC: OPEC ministers say world can handle $100 oil Other exporters indicate that cartel may not increase crude production By Shaimaa Fayed and Amena Bakr CAIRO — The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister...
- Uh Oh..opec Has Troubles !
OPEC sees 'devastating contraction' in oil demand OPEC again revised down its estimate for world crude demand on Wednesday, saying a "devasting contraction" in consumption would keep prices under pressure in the months ahead. "In...
- The Wages Of American Imperialism
War for Oil, huh? America is an imperialist nation, huh? I don't suppose we'll be hearing any apologies from dhimwits who said such things. From AFP: Iraq says 80 dollars a 'reasonable' price for oil Iraqi Oil Minister Hussein al-Shahristani...
- Energy Information Administration Chief Agrees With Ahmadinejad
Iranian President Ahmadinejad says we need him more than he needs us. Guy Caruso, the EIA chief agrees with him: WASHINGTON (Reuters) - A disruption in Iran's crude oil exports because of a dispute over that country's nuclear program would affect...
Green Energy
OPEC worried members need dough ... will not honor cuts ..where's my violin?
ABU DHABI -- OPEC has become concerned that its members may not comply with a decision to reduce crude oil production by 4.2 million barrels per day.
Officials said the 13 members of the oil cartel were hurting from the sharp drop in prices and needed to maintain revenues for military and civilian programs.
They said compliance with OPEC decisions in September and October 2008 -- which called for a two million barrel per day cut -- was no more than 50 percent.
"There is commitment in general to agreed [production] levels but there is a need to enhance it," Kuwaiti Oil Minister Mohammed Al Olaim said.
Al Olaim urged his fellow OPEC ministers to implement a decision on Dec. 17 to reduce oil production by 2.2 million barrels per day. The cut was scheduled to take effect in January 2009.
DIE YOU BASTARDS
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In 6 years America will become the world’s largest oil producer once again “America is poised to become the world’s largest oil producer once again — nearly four decades after it lost the title,” writes The Sunday Times. Goldman Sachs,...
-
MSNBC: OPEC ministers say world can handle $100 oil Other exporters indicate that cartel may not increase crude production By Shaimaa Fayed and Amena Bakr CAIRO — The global economy can withstand an oil price of $100 a barrel, Kuwait's oil minister...
- Uh Oh..opec Has Troubles !
OPEC sees 'devastating contraction' in oil demand OPEC again revised down its estimate for world crude demand on Wednesday, saying a "devasting contraction" in consumption would keep prices under pressure in the months ahead. "In...
- The Wages Of American Imperialism
War for Oil, huh? America is an imperialist nation, huh? I don't suppose we'll be hearing any apologies from dhimwits who said such things. From AFP: Iraq says 80 dollars a 'reasonable' price for oil Iraqi Oil Minister Hussein al-Shahristani...
- Energy Information Administration Chief Agrees With Ahmadinejad
Iranian President Ahmadinejad says we need him more than he needs us. Guy Caruso, the EIA chief agrees with him: WASHINGTON (Reuters) - A disruption in Iran's crude oil exports because of a dispute over that country's nuclear program would affect...