Reuters, 19 November 2010
Mexican regulators rejected a huge chunk of state oil monopoly Pemex's estimate of how much oil and gas the country has, calling into question the long-term sustainability of the industry. The National Hydrocarbons Commission ordered Pemex to produce more evidence to back up its claims of probable and possible oil and gas reserves in its northern region, in a ruling dated Sept. 30 but published on its website on Friday.
China.org, 21 November 2010
The State Council, China's Cabinet, yesterday ordered local governments to take further measures to combat inflation. Local governments must boost production and ensure supply while checking irrational demand and punishing illegal activities that push prices up, a circular on government website www.gov.cn said. The measures cover agricultural production, the stabilization of the supply of agricultural products, reducti
Bloomberg, 19 November 2010
China International United Petroleum & Chemical Corp., the trading unit known as Unipec, hired a supertanker to carry fuel to China from Rotterdam, according to reports from two companies including Optima Shipbrokers Ltd. Unipec, China’s biggest oil trader, chartered the Athenian Success, a Very Large Crude Carrier, to load 275,000 metric tons on Dec. 4, according to today’s reports, which didn’t specify whether the cargo is crud
Hubbert's Peak, 17 November 2010
Make that 2005; then we're talking about the same planet. The implied IEA message is that the peak happened several years ago and the world didn't come to an end. Wayminnit. We are in the biggest economic downturn since the Great Depression and we don't know whether we can ever restore our earlier prosperity. My interpretation is that the 2008 crude oil price, $147 per barrel, shattered the global economy. The "invisible hand
BBC News, 17 November 2010
Is the sun setting again on hydrogen-powered aviation? It took just 32 seconds to extinguish faith in the airship and the hydrogen that once buoyed the Hindenburg, which erupted in a fatal inferno 73 years ago. Now hydrogen is being dropped again by the aviation industry.