Insight and inspiration in turbulent times.
Royal Dutch/Shell Group’s disclosure that it overstated its proven reserves by 20 per cent rattled energy investors and is raising questions about whether the oil industry as a whole has inflated its prospects.
PetroPolitics Special Report: More than any other commodity, oil is the lifeblood of modern economies and the engine of military machines.
The weightless economy still has dirty old oil pumping through its veins, as the recent fuel blockades demonstrated, says David Fleming. In the next ten years, the growing demand for oil will permanently overtake a shrinking supply — playing havoc with price. Why are western governments doing nothing to prepare?
A newly established group of NGOs to promote civic control over Kazakhstan’s burgeoning oil industry aimed at more transparency of the revenues the Kazakh government receives and how they are spent — information closed even to members of parliament.
World oil stocks, depending on country and using periodic data from the IEA, EIA and oil analysts, in fact remain well below average figures for the 2000-2003 period. Combined with recent – extreme – figures from the IEA for world oil production (well over 82 Mbd) the overall reading is that world oil markets will remain tightly supplied with generally uptrending prices, right through the period to 2010.
