Brent Crude is UP!
The price of Brent crude oil is up again this morning over $124 a barrel. It’s up from $107.65 at the end of last year as a result of increasing tensions with Iran following the imposition by the US and Europe of tough new sanctions on Iran. They are already reducing...NO PEAK OIL -SAUDI OPENING OLD FIELDS
No Peak Oil – Why Then is Saudi Aramco Opening Old Wells for Heavy Crude? By James Burgess | Fri, 17 February 2012 18:57 Following the Iranian Revolution in 1979 demand of oil from Saudi Arabia fell from ten million barrels per day (bpd) to three million bpd. As...Have We Beaten Peak Oil????
Has the United States beaten peak oil? Not so fast. February 17, 2012 In the past five years, warnings about peak oil have gained a lot of traction. U.S. oil production, after all, has fallen sharply since 1970. Global oil output has plateaued of late, even as China...Latest Oil Developments
Ali Al-Naimi, Minister of Petroleum and Mineral Resources, inaugurates the Dhahran Unconventional Resources Research and Technology Center at the Dhahran Techno Valley (DTV), Wednesday. — SGSaudi Gazette DHAHRAN – The first research center in Saudi Arabia that...China Backs Iran
China backs Iran and Pakistan, and will replace the United States in Afghanistan as its ally with Pakistan as the United States forces withdraw. The projection of force by the United States in Afghanistan could never have succeeded under these circumstance with...Recent News
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Comments Off on David Lifschultz, Letter to Jamie Dimon
This letter covers the danger of the of the Iranians shutting the Straits of Hormuz. The solution is in footnote two. Footnote one: The letter covers the danger of the of the Iranians shutting the...
