August 26, 2011

Brazil Boom Takes Fuel Markets by Surprise

Ellsworth & Ewing, Reuters

AP Photo

When Brazil discovered huge offshore crude reserves four years ago, state oil company Petrobras sketched out plans to become a regional fuel exporter. That plan has since been turned upside down.

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TAGGED: oil, Brazil


May 11, 2012
Brazil Is Making an Example of Chevron
Barrett & Millard, BusinessWeek
Last Nov.¬†7 something went wrong at a deep-sea oil well operated by Chevron (CVX) 230 miles northeast of Rio de Janeiro. As a massive drill bit punctured reservoir N560, roughly 3,500¬†feet beneath the ocean floor, monitors ... more ››
May 15, 2012
Brazil Tested by Neighbors Energy Populism
Andres Cala, Energy Tribune
It was going to happen sooner or later.Last month Argentina and Bolivia each expropriated strategic energy companies controlled by Spanish firms, heightening concern that a new round of populist, market-bashing policies was... more ››
It is difficult not to be wooed by Exxon Mobil (XOM). Even with the punches it has received, Exxon is still the big kid on the street that can take it and come back for more. With lower North American natural gas prices, an... more ››
May 7, 2012
Debunking the Peak Oil Debunkers
Andrew McKay, Energy Bulletin
Peak oil is a fact, not a theory. From US conventional oil production peaking in 1970 to global conventional oil production peaking in 2006 the figures are indisputable. Even institutions such as the International Energy Agency.... more ››
May 4, 2012
Why Blame Energy Futures for Current Costs?
Scott Irwin, Wash Times
President Obama, doing his best imitation of a late 19th-century prairie populist, recently pinned the blame for rising gasoline prices on speculators in energy futures markets. . . more ››