The International Energy Agency's upcoming World Energy Outlook predicts that oil prices, which have sunk to nearly $60 per barrel, will likely rise once again to above $100 a barrel when the world economy rebounds. By 2030, the report estimates that the prices could exceed $200. This price increase will be driven primarily by a decline in the supply of oil, as production from the world'...
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FPPassport on 7th Nov 2008 (via blog.foreignpolicy.com)
Oil prices surged to their highest level this year after Saudi Arabia's oil minister said the global economy had strengthened enough to cope with oil at $80 a barrel
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FT on 27th May 2009 (via traxfer.ft.com)
SCOTLAND'S heavy reliance on North Sea Oil in order to balance its books was illustrated by new figures yesterday showing how the country tumbled into the red as oil reven
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Scotsman on 22nd Jun 2011 (via news.scotsman.com)
Leading oil-consuming nations, including the UK and US, announced the release of 60 million barrels of oil from emergency strategic government stockpiles yesterday, in an attempt to push down crude prices and underpin the global economy.
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TheIndependent on 23rd Jun 2011 (via rss.feedsportal.com)
An important reminder from Guido Fawkes today: "If all our economic woes are made in America as Gordon claims, why is that their economy is showing healthy growth (despite high oil prices) and the U.K. economy is flat-lining? Could it...
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TaxPayersAlliance on 29th Aug 2008 (via tpa.typepad.com)
Gordon Brown delivered a stark warning today that failure to tackle volatility in oil prices could cost the global economy trillions of dollars.
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TheIndependent on 20th Dec 2008 (via rss.feedsportal.com)
Gordon Brown delivered a stark warning today that failure to tackle volatility in oil prices could cost the global economy trillions of dollars.
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TheIndependent on 19th Dec 2008 (via rss.feedsportal.com)
Government grants 144 new oil and gas exploration licences and warns the economy would lose up to £6bn of investment a year if North Sea development was blocked
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FT on 27th Oct 2010 (via ft.com)
An interesting piece about how the oil slick disaster in the Gulf of Mexico. Something is getting attention: there is not as much of an oil spill as some might suppose. Apparently, in warm water like this, and due to certain acquatic organisms, the oil is gradually absorbed. It is, in a manner of speaking, gobbled up. (Belch). That got me thinking that yes, oil slicks caused by human error are obv...
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Samizdata on 30th Jul 2010 (via samizdata.net)
BP was considered an enlightened oil company in Washington before an explosion on the Deepwater Horizon oil rig killed 11 men and sent thousands of barrels of oil gushing into the Gulf of Mexico.
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FT on 25th May 2010 (via traxfer.ft.com)
Indonesia: oil palm saplings are still replacing peatlands and rainforest Cooking oil, chocolate, soap, washing powder, cosmetics and biofuels are just a few of the hundreds of products reliant on one key ingredient - palm oil. Demand for this versatile oil is rising rapidly. Today 80 per cent of world production comes from plantations in Indonesia and Malaysia. Palm oil is the leading cause of de...
