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  • PREPARING FOR LIFE AFTER OIL
    8 November 2007 par (Open-Publishing)

    By Michael T. Klare, The Nation
    This past May, in an unheralded and almost unnoticed move, the Energy Department signaled a fundamental, near epochal shift in US and indeed world history: we are nearing the end of the Petroleum Age and have entered the Age of Insufficiency. The department stopped talking about "oil" in its projections of future petroleum availability and began speaking of "liquids." The global output of "liquids," the department indicated, would rise from 84 million (…)

  • New ‘Disaster’ Movie Warns World of Oil Apocalypse
    7 November 2007 par (Open-Publishing)
    2 comments

    by Robin McKie
    The latest gloves-off documentary to hit screens predicts a global meltdown as vital fuel runs out
    Oil is ‘the bloodstain of the earth’s economy’ and will soon trigger a global conflict that will cost millions of lives. That is the stark claim of a controversial new film, which says a crash in oil production is about to set off worldwide recession and economic collapse
    A Crude Awakening: The Oil Crash, which opens in UK cinemas this week, shows stark images of rusting (…)

  • Global food crisis looms as climate change and fuel shortages bite
    3 November 2007 par (Open-Publishing)

    Global food crisis looms as climate change and fuel shortages bite
    Soaring crop prices and demand for biofuels raise fears of political instability John Vidal, environment editor The Guardian Saturday November 3 2007
    Empty shelves in Caracas. Food riots in West Bengal and Mexico. Warnings of hunger in Jamaica, Nepal, the Philippines and sub-Saharan Africa. Soaring prices for basic foods are beginning to lead to political instability, with governments being forced to step in to (…)

  • Japanese pay for Iran oil in yen
    29 October 2007 par (Open-Publishing)

    Japanese pay for Iran oil in yen
    South Korea, China, Taiwan, Russia, Syria and Italy have announced plans to reduce their dollar holdings. Japanese oil refiners have started paying for Iranian crude oil in yen instead of dollars. Japan’s largest oil refiner, Nippon Oil Corp., announced the change in September; Cosmo Oil Co. and Japan Energy Corp. followed suit in October.
    How significant is it that more and more nations are ceasing to use the dollar to conduct international trade? (…)

  • Inside Intel / The story of Iranian oil and Israeli pipes
    13 October 2007 par (Open-Publishing)

    With the help of pumps and pipes "confiscated" - meaning stolen - from an Italian company and a Belgian company operating an oilfield in Ras Sudar in Sinai, Israel built a pipeline from Eilat to Ashkelon. The pipe, 40 centimeters in diameter, was paid for by Baron Edmund de Rothschild. The initiative was called Tri-Continental. By demand of the Iranians, who wanted to conceal their involvement in selling oil to Israel and in the joint company, the parties established a secret partnership (…)

  • Bush invaded Iraq For The OIL!
    22 September 2007 par (Open-Publishing)
    9 comments

    Oil and Betrayal in Iraq
    Alan Greenspan should know. It was oil all along. The former head of the Federal Reserve writes in his memoir, "The Age of Turbulence: Adventures in a New World," "I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil." Greenspan even advised Bush that "taking Saddam Hussein out was essential" to protect oil supplies.
    Yes, we suspected it. In a deep sense, many of us knew it, just as those in (…)

  • Alan Greenspan claims Iraq war was really for oil
    16 September 2007 par (Open-Publishing)
    6 comments

    Alan Greenspan claims Iraq war was really for oil
    Graham Paterson – Sunday Times September 16, 2007
    America’s elder statesman of finance, Alan Greenspan, has shaken the White House by declaring that the prime motive for the war in Iraq was oil.
    In his long-awaited memoir, to be published tomorrow, Greenspan, a Republican whose 18-year tenure as head of the US Federal Reserve was widely admired, will also deliver a stinging critique of President George W Bush’s economic policies. (…)

  • Chevron Seeks Greater China Links Two Years After Unocal Tussle
    12 September 2007 par (Open-Publishing)

    Sept. 11 (Bloomberg) — Chevron Corp., the second-largest U.S. oil producer, is pursuing increased gas and exploration business in China, two years after the company won a tussle with Cnooc Ltd. for control of Unocal Corp.
    By Ying Lou
    The company will seek opportunities in exploration, deepwater drilling and natural gas output, Isikeli Taureka, president of Chevron International Exploration and Production, said in an interview in San Francisco yesterday.
    Oil demand in China, the world’s (…)

  • Explosion at Turkish-Iranian pipeline - Gas supply to Turkey Stopped
    11 September 2007 par (Open-Publishing)

    Gas supplies to Turkey were stopped because of explosion at a natural gas pipeline from Iran, the state-run pipeline company said Monday.
    AP
    Sep 10, 2007
    The explosion late Sunday near the town of Dogubayazit, close to the border with Iran, damaged the pipeline, forcing authorities to cut the gas flow, a statement from the pipeline company, Botas, said.
    It was not immediately clear what caused the explosion. Separatist Kurdish rebels have attacked pipelines close to the border with (…)

  • Mexican Rebels Claim Pipeline Attacks
    11 September 2007 par (Open-Publishing)
    1 comment

    Mexican Rebels Claim Pipeline Attacks
    By MIGUEL HERNANDEZ –
    VERACRUZ, Mexico (AP) — A shadowy leftist guerrilla group took credit for a string of explosions that ripped apart at least six Mexican oil and gas pipelines Monday, rattling financial markets and causing hundreds of millions of dollars in lost production.
    The six explosions could be seen miles away, and set off fires that sent flames and black smoke shooting high above the Gulf coast state of Veracruz.
    At least a dozen (…)