404 posts tagged with oil.
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The race for the world's resources

China prepares to buy up foreign oil and gas companies with its huge currency reserves.
posted by Smaaz on Feb 23, 2009 - 41 comments

Randolph and Mortimer have moved on from FCOJ.

Was market speculation behind this year's rise in crude oil prices? Earlier this year, prices topped $100/bbl, the highest seen since the oil crisis of the late 70s/early 80s. By July 2008, the price of crude oil reached a record high of $144/bbl, costing US consumers between $4-$5 per gallon at the pump. [more inside]
posted by elizardbits on Jan 13, 2009 - 29 comments

Black Gold

When the modern oil industry began 150 years ago, many speculators moved into Northwestern Pennsylvania. Among them was John Wilkes Booth, who walked off the stage and onto the oil fields in an attempt to increase his fortunes with the Dramatic Oil Company. [more inside]
posted by hoppytoad on Jan 10, 2009 - 4 comments

The Economist: The World in 2009

In 2009, a remarkably gifted politician, confronting a remarkably difficult set of challenges, will have to learn to say "No we can't", Guantánamo will prove a moral minefield, economic recovery will be invisible to the naked eye, governments must prepare for the day they stop financial guarantees, we will judge our commitment to sustainability, scientists should research the causes of religion, we will all be potential online paparazzi, English will have more words than any other language (but it's meaningless), Afghanistan will see a surge of Western (read: American) troops, Iran will continue its nuclear quest while diplomacy lies in shambles, the sea floor is the new frontier, we should rethink aging, (non-)voters will continue to thwart the European project -- but cheap travel will continue to buoy it -- though it has some unfinished business to attend to, and a Nordic defence bond will blossom.

The Economist: The World in 2009. [more inside]
posted by goodnewsfortheinsane on Nov 27, 2008 - 31 comments

Time's Person of the Year?

Celebrated Yup'ik Iron Dog snowmobiler and father of five, Todd, has had an illustrious career in the oil and fishing industries. Now that his latest aspirations have been dashed, what will this well dressed man do now? (18 links)
posted by gman on Nov 8, 2008 - 46 comments

Have high oil prices caused the current recession(s)?

CIBC's Jeff Rubin and Peter Buchanan have written an article (pdf, pages 4-6) arguing that triple digit oil prices (and not plunging real estate prices) are to blame for the current economic woes of the OECD. [via]
posted by adamdschneider on Nov 7, 2008 - 41 comments

олигáрх

Moscow is home to the largest number of billionaires and in Russia, there are nearly 100 billionaires. Due to recent economic developments and the drop in oil prices, the oligarchs, who rose to prominence under Gorbachev, have lost a combined total of $200 billion. Help is here.
posted by gman on Oct 30, 2008 - 21 comments

ChinAfrica

China, Africa see closer cooperation since Beijing Summit. Others see it a bit differently: 'We never pay,' he said, 'because once you pay you become their bitch; you will pay for ever and ever.' The phenomenon even has a name on the ground in the sub-Sahara: the Great Chinese Takeout. China, Africa and Oil: China's national oil companies are, in some cases, politically stronger than the government agencies charged with regulating them. previously
posted by allkindsoftime on Oct 21, 2008 - 22 comments

The Insiders

Jane Meyer of The New Yorker explains how John McCain came to pick Sarah Palin [more inside]
posted by Blazecock Pileon on Oct 20, 2008 - 189 comments

I drink it up. Everyday. I drink the blood of lamb from Bandy's tract.

Oil sands will pollute Great Lakes The environmental impacts of Alberta's oil sands will not be restricted to Western Canada, researchers say, but will extend thousands of kilometres away to the Great Lakes, threatening water and air quality around the world's largest body of fresh water. *****Report: How the Oil Sands Got to the Great Lakes Basin***** (pdf) Policy makers around the lakes, in both Canada and the U.S., are largely unaware that the tar sands will lead to massive industrial development in their region, and consequently have no strategy to minimize the environmental impacts. [more inside]
posted by KokuRyu on Oct 8, 2008 - 33 comments

oil tied economies - the gift that keeps giving

As many peoples eyes will be elsewhere the readers of the blue may not have seen the red flowing in the streets of Mother Russia. Russia’s two main bourses, RTS and MICEX, said on Wednesday they were suspending trade until further notice. How bad? Russian shares suffered their steepest one-day fall in more than a decade on Tuesday, losing up to 20 per cent, as a sharp slide in oil prices and difficult money market conditions triggered a rush to sell. [more inside]
posted by rough ashlar on Sep 17, 2008 - 67 comments

"forward, forward I say"

"Fog of War" cited by United States Ambassador to the United Nations Zalmay Khalilzad. He was speaking to journalists to clarify reports concerning his unauthorised contacts with foreign government officials, among them Asif Ali Zardari; a then contender to succeed Pervez Musharraf as president of Pakistan. Earlier this year he was being touted as a possible successor to Hamid Karzai as President of Afghanistan as seen in these two articles. So who is Zalmay Khalilzad? Neo con and oil businessman. [more inside]
posted by adamvasco on Sep 10, 2008 - 8 comments

Diddy needs oil

Having a hard time grasping the far-reaching implications of higher oil prices? Diddy puts it in perspective.
posted by mkultra on Sep 2, 2008 - 46 comments

Fuelly tracks your gas mileage.

Fuelly tracks your gas mileage over time, helping you save fuel and expenses as you drive.
posted by goodnewsfortheinsane on Aug 21, 2008 - 52 comments

A Better Place

Shai Agassi's Audacious Plan to Put Electric Cars on the Road. Now it's Agassi's turn. He starts off uncharacteristically nervous, stammering a bit. He's got something different, he says. A new approach. He believes it just might be possible to get the entire world off oil. For good. Point by point, gaining speed as he goes, he shares for the first time in public the ideas that will change his future—and possibly the world's. [more inside]
posted by destrius on Aug 20, 2008 - 68 comments

Grifters, Oil Men, Tabloids, The Scrappy Ingenue, The Titans and the Hardass: An American Story

Corrupt U.S. Government officials leased the Teapot Dome oil field to one Harry F. Sinclair in 1922 in a sleazy no-bid contract.

Turn back the clock. 27 years earlier, suspected grifter Gilmer Bonfils had seized control of the Denver Post; he and his family turned it from a sleepy, staid paper into a wild, brazen broadsheet. So brazen they were shot by a furious lawyer. For an editorial page, Tammen and Bonfils substituted invective, raked up so much scandal—a good deal of it true — that they kept a loaded shotgun in their office to discourage reader complaints. As the Post grew in power and prosperity, its proprietors branched into other fields; the Post became the first and last U.S. daily ever to own a circus (Sells-Floto), run a burlesque house and sell coal." [more inside]
posted by felix on Aug 13, 2008 - 33 comments

Persia

Persia: Ancient Soul of Iran. "A glorious past inspires a conflicted nation."
posted by homunculus on Aug 4, 2008 - 35 comments

Jumping Through Hoops

Is Xinjiang Province The Islamic Jihad Battlefront in China? China detains 82 'terrorists' targeting Olympics and police have shot Uighurs dead. Meanwhile people from the Uighur minority call on the international community to boycott the Beijing Olympic games. What side of the Jihad is China on? Previously there was The Al Qaeda - China Tie. The oil and petrochemical sector account for 60% of Xinjiang's local economy.
posted by adamvasco on Jul 16, 2008 - 21 comments

There Could Be Blood

Andy Grove on Our Electric Future - "Energy independence [viz.] is the wrong goal. Here is a plan Americans can stick to." Perhaps some infrastructure spending1,2 is in order? [etc., &c., cf.] [more inside]
posted by kliuless on Jul 15, 2008 - 14 comments

Pickens Plan

Pickens Plan -- oilman T. Boone Pickens has a plan to reduce America's oil dependency problem: exploit the country's massive windpower potential for domestic energy, replacing natural gas, and then use natural gas to power cars instead of foreign oil. Some problems with the plan.
posted by Laugh_track on Jul 10, 2008 - 41 comments

The Politics of Radicalized Religion, Oil, and Borrowed Money

Bush had Karl Rove. But the original wiretapping President needed brains too. Introducing Kevin Phillips. He predicted the prolonged Republican dominance of Washington 1970-present and advised the Ford and Reagan presidencies. He predicted a more liberal 1990s and when the Bushies killed his party he became uttery disgusted. Recently he spoke about the influence of the christian right, our addiction to oil, and America's debt (public and private) at the University of California Santa Barbara. [more inside]
posted by Parallax.Error on Jun 28, 2008 - 57 comments

Buy Now, It'll Only Go Higher

Is speculation a prime cause of high oil prices? Yes, No, Maybe. (Very Wonkish)
posted by Xurando on Jun 27, 2008 - 94 comments

Forgetting Equatorial Guinea

Equatorial Guinea is more than your average headline-making, human rights-eschewing African nation. Likening the country’s uneasy street-silence to that of Pyongyang, deported journalist Peter Maass reveals an unparalleled culture of fear blanketed by an international media blackout. But for the Whitehouse, ExxonMobil and Teodoro Obiang—Equatorial Guinea’s torturous leader—the poverty, abuse and dead-quiet are business as usual.
posted by dead_ on Jun 24, 2008 - 13 comments

Waiting for the New Way Forward

Fables of the Reconstruction. According to a new GAO report [PDF of full report], the surge has resulted in security gains and reduced violence in Iraq, but the political goals the surge was supposed to buy time for mostly haven't happened. [more inside]
posted by kirkaracha on Jun 24, 2008 - 32 comments

Hold all bets, please

How much of the Oil Shock of 2008 is peak oil, and how much just speculation? Will the cavalry ride to the rescue?
posted by ilovemytoaster on Jun 10, 2008 - 49 comments

"Crude is passé"

Eight reasons you'll rejoice when we hit $8-a-gallon gasoline.
posted by jbickers on May 31, 2008 - 156 comments

Smoke and mirrors

Meet Joules the climate change-sceptic robot. Joules is employed to teach 8-14 year-old school children in the UK about energy use. Joules says: "oil and gas could be in short supply in about 50 years time. The earth is believed to be getting warmer and sea levels apper to be rising. Energy Chest is funded in part by the world's biggest oil company: ExxonMobil. [more inside]
posted by MrMerlot on May 27, 2008 - 45 comments

End Nigh?

After a comprehensive study of 400 oil fields, the International Energy Agency has concluded that, barring a substantial decrease in demand, the world faces an oil supply shortfall of 12.5 million barrels a day by 2015--15% of current production. [via]
posted by nasreddin on May 22, 2008 - 137 comments

Wadda Ya Mean I'm Powerless?

The twelve steps of peak oil and peak civilization: Powerless over TEOTWAWKI.
posted by Xurando on May 10, 2008 - 25 comments

Ducks in Alberta died a crude death

Ducks die a crude death. Alberta's oilsands (previously) (map) have a new emblem -- hundreds of ducks coated and killed in oily toxic sludge. About 500 birds landed and died in an oil sands pond. The pond full of toxic sludge sits along a major flight path for migrating waterfowl. [more inside]
posted by KokuRyu on May 1, 2008 - 50 comments

The neighbors are fighting again

After the president of Mexico introduced his bill, legislators stormed and barricaded the podium in the House; Senators began fasting in protest. The occupation continues after 2 weeks, with opponents camping out and padlocking the doors of Congress, aiming to run out the clock until adjournment on April 30th. Mexico's top electoral body ordered a TV ad (comparing opposition leader Lopez Obrador to Hitler) off the air. Here in the U.S., little notice: the WSJ calls this "heated debate." [more inside]
posted by msalt on Apr 25, 2008 - 18 comments

Biocrude

Pond scum saves the planet? In the beginning, there were algae, but there was no oil. Then, from algae came oil. Now, the algae are still there, but oil is fast depleting. In future, there will be no oil, but there will still be algae. ^ Power your ride with pond scum. In some iterations you don't even need light. (we have talked about this before and the fact that CO2 powers the algae production is not insignificant) More details here.
posted by caddis on Apr 17, 2008 - 28 comments

I Am The Eye In The Sky

Discoveries made using satellite imagery, particularly via Google Earth, have made headlines in the blue and green before. Increasingly high-resolution photos, combined with obsessive interest, have lead inevitably to the next step: interpretation and analysis of spots on the Earth's surface for which information is restricted, censored, or classified, such as the preparedness of military defenses in North Korea and Iran, or the viability of Saudi Arabia's next big oil play. Of course, not all mapping is benevolent.
posted by Bora Horza Gobuchul on Mar 13, 2008 - 9 comments

Drilling to start in the Falkland Islands, Argentina not impressed

The Great Falkland Islands Oil Boom The inhabitants of the Falkland Islands are preparing for a South Atlantic oil rush which they hope will make them among the richest people in the world. After 10 years of frustrating delays since oil fields containing up to 60 billion barrels of "black gold" were discovered off the islands, oil companies are planning to start drilling within the next 12 months. It may also go down as the catalyst for the "Second Falklands Island War".
posted by Coop on Mar 9, 2008 - 35 comments

Oil Tops Inflation-Adjusted Record Set in 1980

Oil Tops Inflation-Adjusted Record Set in 1980. Normally this would slow economies and thus slow demand for oil, forcing OPEC to loosen supplies, but things seem different this time: "we now have an oil world in which the impact of high oil prices is only really felt in the OECD countries" - high demand from China, India are keeping prices high, even as OECD economies slow. [more inside]
posted by stbalbach on Mar 7, 2008 - 75 comments

AKA The Creature, 1985

Titan find - The hydrocarbon lakes on Saturn’s moon may contain hundreds of times more liquid hydrocarbons than all of Earths known oil and natural gas reserves.
posted by Artw on Feb 13, 2008 - 54 comments

Lee press-on car

The Tata Nano (pic) is a car that costs less new than the amount I've spent on gas during single car trips, recently announced to the auto market in India. The Chery QQ ^, successful , widely exported, and recognized as the Hostage Taker's Vehicle of Choice by China Car Times, is the runner-up for the world's cheapest car but is still approximately twice as expensive. Yes indeed, the price of gas is not going to come back down. So much for my coast-to-coast road trips. [more inside]
posted by XMLicious on Feb 3, 2008 - 42 comments

Shifting Sands

Shifting Sands. A great series from the Globe and Mail on the Alberta Tar Sands: An Empire Made of Goo, Black gold, Texas tea, The hollowing out of small Atlantic towns, Where rich and poor Albertas collide, Norway the gold standard for managing oil wealth, The climatic costs of rapid growth.
posted by chunking express on Feb 1, 2008 - 32 comments

Did Vladimir Putin really turn around Russia's economy?

Did Vladimir Putin really turn around Russia's economy? Washington Post's Fred Hyatt attempts to refute the conventional wisdom that Putin was responsible for Russia's turnaround from the economic instability of the "disastrous" 90s by offering a thorough counter argument to prove that Putin's effect on the economy was just the reverse. [more inside]
posted by gregb1007 on Jan 18, 2008 - 26 comments

2007 the year against the plastic bag

Each year the world makes about 5 trillion plastic bags(art exhibit) using about 20 billion barrels of oil, each bag able to last thousands of years. In 2007 cities began legislating against plastic bags from outright bans to mandatory surcharges, starting in San Francisco, then Hong Kong, Melbourne and now some countries in Africa, Israel and even the entire country of China are taking similar strides to cut down on the worlds bag obsession. Who's next in 2008?
posted by stbalbach on Jan 16, 2008 - 78 comments

“I’ve been told the oil companies might try to assassinate me.”

64-year-old Frank Pringle has figured out a way to extract oil and natural gas out of nearly anything.
posted by divabat on Jan 11, 2008 - 66 comments

China and India have reported massive finds of frozen methane

China and India have reported massive finds of frozen methane clathrate off their coasts and, along with Japan and other countries, are spending large sums to develop it into a new source of fossil energy. This is important for developing countries as there may be more frozen methane in the world than all the oil, gas and coal combined, and it is available right off their coasts. Some believe it can be extracted in a carbon neutral manner, but methane is a powerful greenhouse gas and the scarily named clathrate gun hypothesis provides some fuel for thought about digging this stuff up.
posted by stbalbach on Dec 14, 2007 - 31 comments

Ripeness is All: Lustmord Portrayed in Oil

New York artist Ashley Hope's Ripeness is All exhibit at the Tilton Gallery recreates crime scene photographs of murdered women from the 1910s through the 1990s as oil paintings on huge 4' x 6' canvasses. [some nsfw art] [more inside]
posted by WCityMike on Nov 30, 2007 - 48 comments

Mushrooms vs. the Oil Spill

DIY activists have been using human hair mats to soak up the carcinogenic bunker oil that's been washing onto Bay Area beaches since the spill. Now they're inoculating the oil-soaked mats with mushrooms that will break down the oil into harmless compost. See also: fungi breaking down plastics, synthetic dyes and organopollutants generally. A bit more from mushroom guru Paul Stamets. (If you're so inclined, here's a link to donate to the non-profit that coordinated the hair mats.) [more inside]
posted by serazin on Nov 30, 2007 - 46 comments

Maybe they're talking about the paint job

A two-ton 21-mpg 8-passenger V8 Chevy Tahoe? America, meet your 2008 Green Car of the Year!
posted by dead_ on Nov 27, 2007 - 95 comments

green design

Ecoble, an environment design and living site includes some interesting stories and info: Man (Re)Builds Mexican Island Paradise on 250,000 Recycled Floating Bottles l Who Has the Oil? Geography of the World’s Most Contentious Resource l BituBlock - The Sustainable Building Block Built from Trash and Sewage [more inside]
posted by nickyskye on Nov 20, 2007 - 12 comments

Pain is Relative

As crude hit an all time high at $96.40US per barrel this week, prices increase at pumps across the US. Regular self-serve rose 9 cents to an average of $2.80 per gallon in 11 Texas cities this week, a price of €0.51 per litre. Even Arab nations are feeling the pinch; in Syria, subsidised fuel prices were increased by 20% to €0.74 per litre. This price is "still low compared to world prices", though. The Automobile Association has a handy reference chart for Europe: drivers in the UK are paying an average of €1.37, and Danes €1.40. Latvia, though, is a European bargain at just €1.00 per litre.
posted by DarlingBri on Nov 2, 2007 - 69 comments

Mud, Sweat and Tears

"The vast tar sands of Alberta in Canada hold oil reserves six times the size of Saudi Arabia's. But this 'black gold' is proving a mixed blessing for the frontier town of Fort McMurray, fuelling both prosperity and misery. As the social and environmental toll mounts, Aida Edemariam reports on the dark side of a boom town" - Mud, Sweat and Tears.
posted by chunking express on Oct 31, 2007 - 45 comments

Post Peak Oil Post

"The world is at the beginning of a structural change of its economic system. This change will be triggered by declining fossil fuel supplies and will influence almost all aspects of our daily life." The new Oil Report from Energy Watch Group makes a strong case that we have now passed peak oil. [more inside]
posted by roofus on Oct 22, 2007 - 87 comments

It's the Oil

It’s the Oil (Stupid)
posted by i_am_a_Jedi on Oct 11, 2007 - 69 comments

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