Uncle Sam is down on his knees, and some observers already are administering the last rites. But are they too quick to judge?
Eavesdrop on the two scenes for a moment.
“If money isn’t loosened up, this sucker could go down,” he said of the US economy, marshalling the inimitable eloquence of the President who has given [...]

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Growing competition for oil may escalate to something as hot and dangerous as nuclear proliferation
The geopolitical implications of this gathering crisis for world oil supply 2010-15 are immense. The risk of further military interventions and conflicts in the Middle East is clearly high. Total world oil reserves are estimated at 2.5-2.9 trillion barrels, of which [...]

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The growing thirst for oil in China and India is well known. However, this global surge in demand is being led by oil producers that are emerging as significant consumers, too, undermining their capacity to export when global supplies are tightening.
“Consumption is cannibalising their export capacity,” Jeff Rubin, an oil analyst for CIBC World Markets [...]

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Brazilian President Luiz Inacio Lula da Silva, 62, talks to SPIEGEL about why Brazil wants to join OPEC, his country’s biofuels program and Europe’s fear of Latin America’s shift to the left. more…

Photo Gallery: Brazil’s Popular President
A New Energy Leader: Brazil Wants to Join OPEC
Brazil’s Rainforests: Is Cheap Meat Bigger Threat to Amazon than Biofuels?
From [...]

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The United States should be worried that Russia, China and OPEC oil-producing countries could use their growing financial clout to advance political goals, the top U.S. spy chief told Congress on Tuesday.
U.S. National Director of Intelligence Michael McConnell voiced the concern to Congress in an annual assessment of potential threats, in which economic matters joined [...]

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Attiya says that rising prices are the end result of crises in places like Iraq, Iran, Venezuela and Nigeria, which “create more fears, and speculators are very smart. They jump into the market and take this factor and create it as fear. They try to frighten the world. ‘Oh, maybe the oil will be disappear. [...]

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In a move that raised more questions than it answered, the world’s leading natural gas producers agreed April 9 to form a committee to explore collaborative efforts (FT) at price controls. Officials from the Gas Exporting Countries Forum (GECF) member states denied any intent to form a “cartel,” but the distinction is semantic—under any label, [...]

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Qatar is to launch the first market for trade in liquefied natural gas (LNG) amid fears that the world’s gas-exporting countries are forging closer links that could lead to the formation of a gas cartel.
The Gulf emirate is seeking to capture global trade in the world’s fastest-growing energy commodity with the creation of an LNG [...]

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While Iran has the world’s second largest reserves of Natural gas and also one of the world’s largest reserves of oil the long term energy situation here is far from bright. This is the life line of its economy yet the Iranian government is investing surprisingly rather small sums in maintaining the infrastructure and [...]

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