24 June, 2008
It is often assumed that climate and energy security policies are complementary and that therefore measures in one area are also good for the other. This assumption might be correct in certain cases (driving less will be good for climate and will make us less dependent on imported oil), but there are more and more… » read more
Posted by Willy De Backer
12 September, 2007
OPEC ministers decided to raise output by 500,000 barrels per day on Tuesday. The symbolic move did not impress oil traders, who sent up crude oil prices to record highs. Many experts are now expecting 80 dollars per barrel prices in the next weeks. Read the Guardian and Bloomberg. For all believers in the rosy future of… » read more
Posted by Willy De Backer
10 September, 2007
Ministers from the 12 OPEC [see also Wikipedia] countries are expected to be holding their official production output steady when they meet tomorrow in Vienna. Currently OPEC produces about 27 million barrels of oil per day but the International Energy Agency has been pushing them to bring more oil to the market. OPEC, on the other hand… » read more
Posted by Willy De Backer
15 July, 2007
In the UK’s Independent, David Strahan, the author of the excellent book “The Last Oil Shock: a survival guide to the imminent extinction of petroleum man”, uses new rumours of an imminent merger of Royal Dutch Shell and BP to make the case that the big oil majors are facing difficult times. The real motivation… » read more
Posted by Willy De Backer
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energy nationalism, energy security, OPEC, Peak oil, resource wars, Shell |
9 July, 2007
The normally cautious International Energy Agency surprised energy experts on Monday 9 July with a pessimistic Medium-Term Oil Market Report. By 2012, the world economy will be confronted with a growing gap between demand for oil and levelling-off oil supply as OPEC is not willing (or not capable?) to increase its output and non-OPEC production… » read more
Posted by Willy De Backer
The 4th ministerial-level meeting of the EU-OPEC energy dialogue took place on 21 June in Vienna. The European Commission issued a press release on the outcome of the meeting. The EU delegation tried to ease OPEC’s fears of the bloc’s biofuels policy. In March 2007, the EU Council set the member states a 10% minimum… » read more
Posted by Willy De Backer
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energy security, European Union, OPEC, Peak oil, resource depletion |
