Oil

WWF wants more plug-in cars

95 percent of road transportation still depends on oil, and this is major problem as oil prices keep on increasing and as peak oil nears inexorably. This is major drive to find a solution. The WWF, the renowned environmental organization, released earlier this month an interesting report on what they believe should be the future […]

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Oil producing countries to export less fossil fuels

The IHT proposed on December 9th an interesting article on the future of the oil market which brings even more gloomy prospects. The article strongly reinforces my opinion that we (France, Europe, the entire world…) should work fast on energy efficiency in order to consume less energy. To the journalist, oil-rich countries like Mexico or

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Oil prices reached $90

After reaching the $85 limit per barrel earlier this week, oil prices went shortly last night over $90 at the New York Mercantile Exchange (NYMEX). This is explained by many factors such as geopolitical tensions or the exceptional weakness of the dollar as it reached a record level of $1.43 against the euro. As we

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Oil prices reach 85 USD

Oil prices have been increasing for weeks and a new record was just set in London and New York as oil prices reached $85 and even $86 per barrel today. This is due to some tensions occurring between Turkey and Iraq. This is an occasion to get back to an article on oil that was

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Would peak oil solve the climate change problem ?

This was the question David Straham asked himself on his blog. I already talked about him when I reviewed his oil depletion atlas. (cf. Peak oil is near… around 2015 ! ) Unlike what one might think, the depletion of oil resources aren’t due to solve global warming, but is more likely to increase it.

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IEA expects oil crunch worldwide

The International Energy Agency (IEA) released on Monday a study on the middle term market for oil. According to the Financial Times and Les Echos, the oil prices aren’t due to decrease between 2007 and 2012. According to the FT : “In its starkest warning yet on the world’s fuel outlook, the International Energy Agency

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