The Wayne Madsen Report (WMR) is reporting sources in Lebanon are expecting that the UN Special Tribunal for Lebanon (STL) report on who was responsible for the 2005 remotely-controlled bomb…
In Europe, natural gas has great importance. Many people believe (some countries even instituted policies) that it will be the fuel that will become the bridge to an energy future…
The oil spill and subsequent suspension of drilling permits in the Gulf of Mexico will have a long-term impact on the creditworthiness of oil and gas companies, according to ratings…
Scientists have known for quite a while that most of Earth's oil came from vast numbers of oceanic microscopic organisms -- rather than from dead dinosaurs. From diatoms to micro-algae…
After nearly 40 years, BP is returning to Libya amid widespread controversy about an alleged link to the Lockerbie bomber’s release and fears about a potential oil disaster in the…
Did King Abdullah of Saudi Arabia narrowly avoid being overthrown by a close member of his own royal family? That seems to be a rumor circulating around some political and…
I received another scratchy, crackling cell phone call from my drilling buddy in the Texas natural gas fields today. You could almost choke from the dust on the line. He…
Just finished a read of the fresh new "Minutes of the Meeting of the Treasury Borrowing Advisory Committee". The TBAC is a "meeting of the minds" amongst top U.S. officials…
The lingering impact of August 3, 2010, clash on the Israeli-Lebanese border lies in the greater context of, and wider strategic dynamics in, the Middle East. These aspects were highlighted…
Last Friday, the US House of Representatives passed legislation that would remove the $75 million liability cap on economic damages incurred by offshore drilling activities by oil companies. The US…
Now the grains are literally on fire. News reports over the weekend of wild fires triggered by historic draught conditions in Russia and the Ukraine, consuming vast swaths of wheat…
U.S. crude oil imports. Huge jump in the week ended July 23, with total imports up to 11.15 million barrels daily. This is the highest weekly level of oil imports…
Take a good look at the graph below. It shows average annual oil spills into the ocean in thousands of metric tonnes. Nature spills more oil than man, but of…
The August 3, 2010, armed clash along the Israeli-Lebanese border was a significant strategic incident. On Thursday, July 29, 2010, Israel notified UNIFIL that a few Israeli soldiers would be…
Progress on the relief well at the Deepwater Horizon well has now reached the point that BP have started the procedures for the top static kill of the well. There…
When the subject was oil, my students at the Asian Institute of Technology (Bangkok) were politely asked to study the situation in the United States. It told me everything I…
We like to say that life on Earth could not survive without the sun, but that isn't actually true. Without the sun the surface of the planet would freeze down…
BP and its partners on the Deepwater Horizon oil rig do not have enough insurance to cover the potential damages sought in litigation so far, according to an analysis by…
Like a star shell bursting high above a hotly contested battlefield at midnight, the thousands of documents recently released by Wikileaks have thrown the nine-year war in Afghanistan into stark…
Want to invest in an extremely well managed country with almost no debt, budget surpluses, an appreciating currency, and the price for its dominant export commodity going through the roof?…