“We do not like policies that discriminate against petroleum or fossil fuels in general,” Ali al-Naimi, the Saudi oil minister, said at a news conference on Tuesday. “It behooves us to find a technological process that will make the continued use of fossil fuels possible.”
http://www.nytimes.com/2007/11/16/business/16cnd-opec.html?pagewanted=all
Friday, November 16, 2007
Thursday, November 8, 2007
"Big Oil buys Sacramento (aka, why you're not hearing a peep from California politicians on record-high gas prices)"
The issue of refinery capacity and fuel pricing isn't as simple as this op-ed portrays, but it reflects very well the sentiment/concerns people have w.r.t. oil.
"Gasoline prices are stuck well above last year's record highs and about 50 cents above the national average. Yet state politicians are not saying or doing a thing, except for raking in political cash from the oil companies and flying around the world on their dime."
http://www.latimes.com/news/opinion/la-oe-court14may14,0,991123.story
"Gasoline prices are stuck well above last year's record highs and about 50 cents above the national average. Yet state politicians are not saying or doing a thing, except for raking in political cash from the oil companies and flying around the world on their dime."
http://www.latimes.com/news/opinion/la-oe-court14may14,0,991123.story
Wednesday, November 7, 2007
"The Effects of High-Priced Oil" (NYT)
Two new articles in the NYT today, about the effect high-oil prices are having on geopolitics, and possible long-term concerns re: economic growth:
"The prospect of triple-digit oil prices has redrawn the economic and political map of the world, challenging some old notions of power. Oil-rich nations are enjoying historic gains and opportunities, while major importers — including China and India, home to a third of the world’s population — confront rising economic and social costs."
http://www.nytimes.com/2007/11/07/business/07oilwealth.html?hp=&pagewanted=all
"[T]he International Energy Agency warned that demand for oil imports by China and India will almost quadruple by 2030 and could create a supply 'crunch' as soon as 2015 if oil producers do not step up production, energy efficiency fails to improve and demand from the two countries is not dampened."
http://www.nytimes.com/2007/11/07/business/07cnd-energy.html?pagewanted=all
"The prospect of triple-digit oil prices has redrawn the economic and political map of the world, challenging some old notions of power. Oil-rich nations are enjoying historic gains and opportunities, while major importers — including China and India, home to a third of the world’s population — confront rising economic and social costs."
http://www.nytimes.com/2007/11/07/business/07oilwealth.html?hp=&pagewanted=all
"[T]he International Energy Agency warned that demand for oil imports by China and India will almost quadruple by 2030 and could create a supply 'crunch' as soon as 2015 if oil producers do not step up production, energy efficiency fails to improve and demand from the two countries is not dampened."
http://www.nytimes.com/2007/11/07/business/07cnd-energy.html?pagewanted=all
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