When I was studying international management at Audencia, we talked about how high oil prices could slow down globalization and that we may go toward glocalization. It seems it was quite a correct reasoning as according to a most interesting article from the New York Times, it is already occurring because of current oil prices …
You think drilling for Arctic oil would be an ugly mess ? Then have a look at the exploitation of oil shales and tar-sands that is already occurring in Canada and the United States. The WWF released a new report on how recovering these difficultly recoverable oil barrels are literally destroying entire regions with massive …
According to a study released today by the United States Geological Survey, a fifth of world oil and natural gas reserves may be located under the Arctic. This would represent 90 billion barrels of oil and a lot of natural gas. As you can imagine, countries of this region – The United States, Canada and …
James Hansen, a top NASA official famous for his speech twenty years ago on global warming strikes back. His first discourse rose awareness on climate change in the United States. In his anniversary speech, he stated that large oil and coal companies would commit crimes against Humanity and Nature if they continued emitting important amounts …
Oil prices are breaking record every month since the beginning of the year. Today they reached an unprecendented level of $142 at the New York Mercantile Exchange. This occurs only seven weeks after oil prices reached $130. This phenomenom is most likely to continue as some forecasts infer that prices may reach $170 this summer. The Financial Times propose us …
Yesterday, the eight leading economies met in Japan, alongside with China, India and South Korea. One of the main topics of discussion was the soaring prices of oil and energy. To counter this, they pledged to invest massively in energy efficiency and low carbon technologies such as renewable energies, nuclear and carbon capture and storage …
According to the Daily Green, the International Energy Agency is wondering if oil supply can still answer to the demand and is investigating the situation for the first time of its history. In other words, the IEA believes that peak oil may have been reached already. Indeed, with oil prices increasing by thirty percent in …
As I am speaking, the crude oil prices at the New York Mercantile exchange are above $130. This occurs only 15 days after oil prices reached $120. This is a strong acceleration in the oil prices increase as previously it took around two months for oil prices to increase by ten dollars. The cause for …
Yesterday, the price of sweet light crude rose for the first time in History over the $120 limit at the New York Mercantile Exchange. As it was the case previously, this is due to the weakness of the US Dollar and to supply concerns of OPEC members (this time, it is Iran and Nigeria). Oil …
The president of the OPEC stated earlier this week that oil prices might keep on climbing steadily and reach 200 USD per barrel before year end. This might seem far-fetched, but since the beginning of the year, oil prices rose by nearly 20 percent and there is no sign that the situation will reverse. Meanwhile, …
