In yet another skirmish over oil rights in the South China Sea, China has fired a stern warning shot across the bow of ExxonMobil Corporation. China is miffed that Exxon is seeking to enter into a deal with PetroVietnam to explore for oil in waters surrounding the disputed Spratly and Paracel island chains.
China has warned [...]
1913 Intel
International Conflict, Western World Threats and Geopolitical Intelligence
China stirs over offshore oil pact
Posted by Matt in July 22nd, 2008 | no comment
Published in China, Oil, Breach, Chains, China Morning Post, China Post, Chinese Sovereignty, Exxon, Exxonmobil, Exxonmobil Corporation, Offshore Oil, Pact, Paracel, Petrovietnam, Skirmish, South China Morning, South China Morning Post, South China Sea, Spratly, Unnamed Sources, Vietnam
Oil shock: China and Mexico, not Exxon, stupid
Posted by Matt in May 25th, 2008 | no comment
Published in Oil, Carbon Dioxide, Credit Markets, Demand, Dollar, Dollar Increase, Exxon, Government Budgets, Key Reasons, Meltdown, Oil Field, Oil Fields, Oil Prices, Oil Production, Oil Shock, Overspending, peak oil, Real Assets, Scandals, Slowdown, Subsidies, Supply, Supply And Demand, Water Steam
Oil prices are soaring for three key reasons: the decline in the dollar, increase in demand from China, India and other countries, and finally decrease in supply due to underinvestment in oil fields and decrease in oil production.
The decrease in oil production from existing fields is primarily due to passing peak oil. As oil is [...]
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