Iran: Oil field is ours, not Iraq’s – Israel News, Ynetnews

Posted by Matt in December 19th, 2009 | no comment

Published in Iran, Oil, Borderline, International Borders, Iran Oil, iraq, Iraq News, Israel, Israel News, Oil Field, Soil, tehran, Ynetnews

Tehran denies Iraqi claim to borderline oil field, says troops are ‘on Iranian soil, as defined by known international borders’
Iran: Oil field is ours, not Iraq’s – Israel News, Ynetnews

Russia helping Syria develop oil field near site of destroyed nuclear facility

Posted by Matt in December 3rd, 2009 | no comment

Published in Syria, Crude Oil Reserves, Iraqi Border, Kishma, Nuclear Facility, Oil Field, Russia, Syria, Target, Tatneft

Russia has agreed to assist Syria in developing its crude oil reserves.
Russia’s Tatneft said it would invest

$25 million to develop an oil field in eastern Syria. Tatneft identified its target as South Kishma in Dir Al Zour near the Iraqi border and with estimated reserves of 4.89 million tons of oil.

Russia helping Syria develop [...]

Crouching dragon- Hindustan Times

Posted by Matt in July 30th, 2009 | no comment

Published in China, Conflict, Amphibious Assault, Armed Forces, Crouching Dragon, Dragon, Exercise, India, invasion, Military Manoeuvres, Oil Exploration, Oil Field, Radical Change, South China Sea, Spratley Islands, Taiwan, Target, Vietnam

Later this year, the Chinese armed forces are to launch their largest round of military manoeuvres in recent years. Code-named Kuayue (stride), for two months, 60,000 vehicles will be mobilised over some 50,000 sq km. For the last 20 years, the Chinese have been holding massive manoeuvres each year to rehearse their projected invasion of [...]

Oil shock: China and Mexico, not Exxon, stupid

Posted by Matt in May 25th, 2008 | no comment

Published in Mexico, Oil, Carbon Dioxide, Credit Markets, Demand, Dollar, Dollar Increase, Exxon, Exxon Oil, 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 [...]

Massive Oil Deposit Could Increase US reserves by 10x

Posted by Matt in March 28th, 2008 | no comment

Published in Oil, U.S., Arctic National Wildlife, Arctic National Wildlife Refuge, Bakken Formation, Barrel Oil, Boom, Burdens, Geological Survey, Geologist, Job Boom, Lefever, National Wildlife Refuge, New Technology, New York Times, North Dakota, Oil Deposit, Oil Field, Oil Reserves, Oil Supply, Short Squeeze, Trump Card, Western Economies

America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make America Energy Independent and until now has largely gone unnoticed. Thanks to new technology the Bakken Formation in North Dakota could boost Americaâ€™s Oil reserves by an incredible 10 times, giving western economies the trump card against [...]