According to Arabian Oil and Gas, a leading South Korean economic think tank of the LG Group predicted earlier this week that crude oil prices may surpass the US$100 a barrel threshold in three years. Their basis: the fact that the development of new oil fields has dipped substantially, due to the global financial crisis, which will eventually lead to a serious shortage.
But why not sooner?
"The effect of reduced investment will emerge in 2012 when non-OPEC countries will not be able to provide sufficient enough oil to the global market, adding that OPEC is expected to take a decision to strategically control oil production, thereby making its presence increasingly felt."
Do you agree with this assessment as oil hovers around $66 a barrel and is trying to get passed the $70 mark once more this summer?
Wednesday, 29 July 2009
Tuesday, 28 July 2009
Testify - Phil Collins/Genesis (2002)
The Commodity Futures Trading Commission of the U.S. Federal Government is holding hearings today and tomorrow on "Energy Postion Limits and Hedge Expectations".
The $64,000 question is whether any limits will be imposed on speculative trading of energy futures contracts which are supposed to suppress price volatility though speculators do use them to bet on market prices. Critics, on the other hand, suggest this magnifies price swings.
We'll be following along to see where the chips do fall.
The $64,000 question is whether any limits will be imposed on speculative trading of energy futures contracts which are supposed to suppress price volatility though speculators do use them to bet on market prices. Critics, on the other hand, suggest this magnifies price swings.
We'll be following along to see where the chips do fall.
Wednesday, 22 July 2009
Great White Hope - Styx (1978)
U.S. Energy Secretary Steven Chu seemed to hold his own against the antics yet fair questioning of John Stewart at last night's appearance on The Daily Show (Comedy Central).
Listen in on their funny give-and-take on the cap-and-trade bill passed by Congress as well as Chu's simple ideas on how we can slowdown climate change by painiting our roads and houses white. Yes, white!
Listen in on their funny give-and-take on the cap-and-trade bill passed by Congress as well as Chu's simple ideas on how we can slowdown climate change by painiting our roads and houses white. Yes, white!
| The Daily Show With Jon Stewart | Mon - Thurs 11p / 10c | |||
| Steven Chu | ||||
| ||||
Move Over - Janis Joplin (1971)
Looks like President Obama's live health care news conference tonight is bumping "Over The Barrel: The Truth About Oil" to Friday night as a "20/20 Special Investigation."
As noted yesterday, news anchor Charles Gibson of ABC News will attempt to explain how the price of a barrel is derived and what the future holds with increasing global thirst against what is believed to be a finite resource.
We'll still be watching (even on a Friday night) and do look forward to your comments after it airs.
For more on this, click here.
As noted yesterday, news anchor Charles Gibson of ABC News will attempt to explain how the price of a barrel is derived and what the future holds with increasing global thirst against what is believed to be a finite resource.
We'll still be watching (even on a Friday night) and do look forward to your comments after it airs.
For more on this, click here.
Tuesday, 21 July 2009
Stay Out Of Trouble - Kansas (1979)
According to the Oil & Gas Journal, Deloitte may be foreseeing trouble for the US refining industry as margins are expected to drop due to stricter fuel economy standards and rising mandates for blending ethanol and other biofuels.
Stay ahead of the curve and competition with the debut of The Emerging Ethanol Energy Markets - A Comprehensive Overview, a one-day landmark education event to be held at The Magnolia Hotel in Downtown Houston on Thursday, August 13th.
This interactive seminar/workshop is confirmed to run and seats are limited.
To read the full article, click here.
Stay ahead of the curve and competition with the debut of The Emerging Ethanol Energy Markets - A Comprehensive Overview, a one-day landmark education event to be held at The Magnolia Hotel in Downtown Houston on Thursday, August 13th.
This interactive seminar/workshop is confirmed to run and seats are limited.
To read the full article, click here.
ABC - Jackson 5 (1970)
If you are in North America, you can tune into "Over a Barrel: The Truth About Oil," a new ABC documentary airing tomorrow, Wednesday, July 22 and hosted by news anchor Charles Gibson.
He will attempt to explain how the price of a barrel is derived and what the future holds with increasing global thirst against what is believed to be a finite resource. Alternative fuels will undoubtedly be part of the discussion.
U. S. Secretary of Energy Steven Chu and Gen. Wesley Clark are among those who will partake in the news special.
We'll be watching and looking forward to your comments after it airs. If it becomes available on the Internet, we'll look to post the show on here for those of you who miss it.
He will attempt to explain how the price of a barrel is derived and what the future holds with increasing global thirst against what is believed to be a finite resource. Alternative fuels will undoubtedly be part of the discussion.
U. S. Secretary of Energy Steven Chu and Gen. Wesley Clark are among those who will partake in the news special.
We'll be watching and looking forward to your comments after it airs. If it becomes available on the Internet, we'll look to post the show on here for those of you who miss it.
Monday, 20 July 2009
Latin Theme - Carl Cox (1998)
Latin America has seen a spike in energy investment and activity part in thanks to recent gas reserve discoveries off the coast of Brazil as well as the emerging economic strength of the continent as a whole.
The Oxford Princton Programme is pleased to offer two new courses addressing this important development, both dedicatied to helping delegates take advantage of the opportunites at hand:
Overview of and Opportunities in Latin American Crude Oil
Rio de Janeiro
12-13 November 2009
Houston
30 November - 1 December 2009
Overview of and Opportunities in Latin American Natural Gas
Houston
December 2-3, 2009
Join us for these landmark seminar/wrokshop events.
The Oxford Princton Programme is pleased to offer two new courses addressing this important development, both dedicatied to helping delegates take advantage of the opportunites at hand:
Overview of and Opportunities in Latin American Crude Oil
Rio de Janeiro
12-13 November 2009
Houston
30 November - 1 December 2009
Overview of and Opportunities in Latin American Natural Gas
Houston
December 2-3, 2009
Join us for these landmark seminar/wrokshop events.
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