Posted by Matt in July 27th, 2008 |
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Published in
Oil,
Cantarell Field,
Crude Oil,
Gas Prices,
Gulf Coast Refineries,
Mexico,
New Oil,
Oil Enterprise,
Oil Output,
petroleum,
Thirst,
United States,
Valero,
Valero Energy
Drivers unlikely to see gas prices retreat to levels enjoyed for a generation
The two events, half a world apart, went largely unheralded.
Early this month, Valero Energy in Texas got the unwelcome news that Mexico would be cutting supplies to one of the company’s Gulf Coast refineries by up to 15 percent. Mexico’s state-owned oil enterprise [...]
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Posted by Matt in May 22nd, 2008 |
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There are three explanations for the oil price’s muffled impact. The first is that nowadays developed economies are more efficient in their use of energy, thanks partly to the increased importance of service industries and the diminished role of manufacturing. According to the Energy Information Administration, the energy intensity of America’s GDP fell by 42% [...]
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Posted by Matt in May 9th, 2008 |
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Published in
Oil,
Bush Administration,
Caspian Basin,
Countries In Africa,
Crude Oil,
Developing World,
Dozen Countries,
East Timor,
Emergence,
Energy Imports,
Energy Task Force,
Grievances,
Internal Strife,
Michael L Ross,
Oil And Gas,
Oil Producer,
Oil Wealth,
Persian Gulf,
Record Oil Prices,
Rich Countries,
Southeast Asia,
Stratospheric Prices,
Unrest,
War,
Windfalls
The number of oil-producer-based conflicts is likely to grow in the future as stratospheric prices of crude oil push more countries in the developing world to produce oil and gas. In 2001, the Bush administration’s energy task force hailed the emergence of new producers as a chance for the United States to diversify the sources [...]
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Posted by Matt in May 5th, 2008 |
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Published in
Oil,
Afflictions,
Appetite,
China,
Consumption,
Countries Around The World,
Crisis,
Crude Oil,
Developing Countries,
Developing World,
food,
Food Bank,
Food Shortages,
Foreseeable Future,
Foretaste,
Global Population,
Global Shortage,
India,
Jeff Rubin,
Oil Prices,
petroleum,
Related Products,
Social Unrest
But at the same time, the economies of China and India have continued growing, which accelerates the consumption of petroleum-related products and increases the amount and quality of food each person eats. These three facts have conspired to produce a global shortage of crude oil which has exacerbated the world’s inability to feed itself. If [...]
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