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July
2008 v4n6 Issue PDF
A PDF file of the entire issue.
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Editor's
Note
For those of us old enough to remember vinyl, the phrase “it’s
like a broken record” comes to mind. First the headlines
repeat the call from Congress to tax Big Oil and get a piece of
those profits...
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Déjà Vu
All Over Again
by Richard R. Loomis and Susan Salter
Congressional hearings on oil prices: They’re
dramatic, bombastic and headline-grabbing … while achieving absolutely
nothing …
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How
Energy “Experts” Ruined My Saturday
by Matthew R. Simmons
When it comes to oil prices, clueless newspaper reporters and TV
talking heads agree: Why let the facts get in the way of a good
story?
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The
Need For Biofuels
by Keith Meyer
Don’t think of ethanol or biodiesel as a replacement for
petroleum, but as a much-needed supplement – even a global
commodity.
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Are
Carbon Footprints Just Smoke and Mirrors?
by Brian K. Tully
Mileage may be all the rage, but even the most economical vehicles
are emitting tons of hazardous compounds.
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North
America
The BP trial over the Texas City explosion continues, E&P companies
are looking beyond the Gulf of Mexico, and a rich resource goes
up for auction in Canada.
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Latin
America
Mexican gasoline subsidies are dramatically lowering pump prices,
Bolivian production rates are stagnant, and Chile may be in for
a cold winter with Argentinean gas shipments curtailed.
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North
Africa
Millions of barrels of oil are contested in Sudan, Egypt ramps
up production and prices, and Tunisia takes a stand on supporting
green initiatives.
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WORLD ENERGY FEATURED ARTICLES: |
Reciprocity
and Russia's Integration into the World Economy
Hayward, Dr. Tony
Group Chief Executive
BP p.l.c.
Russia experienced many positive changes leading up to the
new century, including rising incomes, employment and investment.
The oil and gas sector played a decisive role in that transformation.
The author describes his company's contributions to Russia's
success and highlights the notion of reciprocity - not just
foreign investment into Russia, but investment by Russian
companies overseas - as one means to integrate Russia into
the world economy.
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the Article  |
Energy
Security for the Long Term
O'Reilly, David J.
Chairman and CEO
Chevron Corporation
n the mid-1980s California was still providing as much as
60 percent of the oil it consumed, and Alaska provided the
rest. California now produces less than 40 percent of its
oil, Alaska's contribution has shrunk to 20 percent and foreign
imports make up the rest. Like the nation as a whole, California
must develop a sustainable policy to ensure its energy and
economic security, and the author outlines some steps toward
such a policy.
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the Article |
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America's
Energy Strategy Must Be Shared by Asia
Bodman, Samuel Wright
U.S. Secretary of Energy
United States
The United States is working hard to make sure the world's
energy future is secure. It is creating technology-driven
solutions that promote global economic growth and sponsoring
programs that heighten awareness about reducing everyday
energy waste. But, as the secretary of energy points out,
the United States needs help from other nations, particularly
those in Asia, to ensure a bright energy future.
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the Article
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Are
the International Oil Companies Running Out of Oil?
Bahorich, Mike
Director, Exploration and Production Technology
Apache Corp.
The world is not running out of oil, writes the author.
But are the international oil companies running out? The
author cites reasons to believe so - including the fact that
non-OPEC and non-FSU oil production peaked in 2002 and has
declined ever since - and recommends investment in research
and technology to increase production from recoverable reserves,
including old and marginal wells.
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Article
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