#Oil

The world is swimming in oil. This coming less than one year after record high oil prices and when the world was running very low in spare capacity (the difference between what can be produced and the amount demanded and the linchpin to lower prices). US inventories are at record levels. Tankers are sitting off […]

Today the Secretary of the Interior Ken Salazar spoke to oil executives and stated: Just as your shareholders expect you to get a fair rate of return on your investments and to be wise stewards of your balance sheets, the American people are asking the same of us as we manage their resources Bravo, Ken. […]

Over the weekend OPEC members decided not to cut oil production levels. Instead, they chose to focus on doing what cartels are supposed to do: join together to regulate output. OPEC announced yesterday that member states would restrict oil production to their allotted amounts “to contribute to market stability” as members have yet to completely […]

The Wall Street Journal has posted an in-depth look at the controversy surrounding Norwegian energy company StatoilHydro’s Snoehvit project. Since 2002, the company, of which the national government owns a majority stake, has been trying to procure natural gas from the seafloor beneath the Barents Sea. Operations at Snoehvit, whose name means “snow white” in […]

Last week, I spoke in front of the San Diego World Affairs Council North Chapter (an affiliate of FPA) about the rising objectives and capabilities of the Shanghai Cooperation Organization. Here is my presentation in slides (go to the bottom of the page). I though some you might be interested in some of the articles […]