Keystone Could Add a “Billion-Tons” of CO2

June 8, 2011By Andy RowellBlog Post, Featured

As the row over the Keystone XL pipeline continues, the US is sending mixed messages over the dirty tar sands. Speaking to the Gas and Oil Expo and Conference, David Jacobson, the U.S. Ambassador to Canada, waxed lyrical about Canada, describing it as the “safest and most secure foreign supplier” of oil the US. “The … Read More

“The last man will switch off the button”

February 22, 2011By Andy RowellBlog Post, Featured

At one point yesterday, Brent crude, the European benchmark grade of oil was topping $108 a barrel—its highest level in 2½ years. Such is the surge in oil prices caused by the Libyan crisis that it could derail the global economic recovery according to Fatih Birol, the International Energy Agency’s chief economist. Analysts argue that … Read More

Saudi Arabia’s “Inconvenient Truth”

February 9, 2011By Andy RowellBlog Post, Featured

New documents released by Wikileaks reveal that for over three years the Americans have been worried that Saudi Arabia may have overstated its reserves by 40 per cent or some 300bn barrels. The fact that Saudi Arabia may be overstating its reserves its nothing new, but many consider it the elephant in the room for … Read More

Ability to Find New Reserves Now on a “Knife Edge”

August 13, 2010By Andy RowellBlog Post

Well we always knew that the oil spill disaster would have severe repercussions for the industry, a fact now conceded by the International Energy Agency (IEA). The IEA has warned that the spill from BP’s Macondo’s well “places the ability of the industry to access important new reserves on a knife edge“. Its latest monthly … Read More