Russia: Era of Cheap Fuel is Over

June 6, 2006By Andy RowellBlog Post

Russia’s Energy Minister warned the West yesterday that although “forecasting is a thankless task in hydrocarbons, one can say with certainty that the era of cheap hydrocarbons is over.” He also warned that Russia was intent on “the expansion of our own participation” in other countries’ oil and gas assets. But any political intervention by … Read More

Intervention!

May 29, 2006By Steve KretzmannBlog Post

The United States is addicted to oil and we’re working with allies and tens of thousands of citizens to intervene. Check out this great new flash video, take action, and please pass it on! Meanwhile, like the addicts that they are, G8 leaders focussed this year’s St. Petersburg Summit on promoting trillions of dollars of … Read More

Putin Talks Tough With EU

May 26, 2006By Andy RowellBlog Post

Russia’s President Vladimir Putin is said to have “icily” rejected US and EU criticism of Russia’s blatant use of gas resources as a political weapon in a dispute with Ukraine earlier in the year. More importantly he also publicly rebuffed European attempts to gain access to his country’s vast gas pipeline network. Putin’s tough stance … Read More

World “cannot meet oil demand”

April 12, 2006By Andy RowellBlog Post

Revealing comments from Christophe de Margerie, head of exploration for Total and heir presumptive to the leadership of the French energy multinational. Interviewed by the Times earlier in the week he argued that the world lacks the means to produce enough oil to meet rising projections of demand for fuel over the next decade He … Read More

UK: Running Out of Gas

March 14, 2006By Andy RowellBlog Post

Britain is in danger of running out of gas. Yesterday, the National Grid that is responsible for Britain’s gas and electricity network, issued an unprecedented warning – called a “gas balancing alert” – warning that there was not enough gas to meet demand. Gas supplies to some businesses might have to be reduced. Not surprisingly, … Read More