James Van Blaricum
Recent News & Issues
Peak Oil Paradigm ShiftPeak Oil Paradigm Shift
- Caribbean country Jamaica switching sugarcane to methanol production
- 10 Steps In 10 Years to 100 % Renewable Energy
- Caribbean Leaders Betting on Renewable Energy
- Legendary Texas Oilman Bets on Wind Power
- Will ‘OIL VACUUM’ Technology Solve US Energy Deficit Problems?
Nickle's Daily Oil Bulletin
Canada's latest Oil and Gas industry news
- Mined Bitumen Volumes Lower This Year
- Russian-Canadian Energy Deals Possibly At Risk
- Oil Jumps $3 As Dollar Falls
- Nabucco Says Survey Shows Strong Demand For Pipeline
- OGC Takes Advantage Of Respite, Getting Set For Higher Activity
- Open House On Shallow Rights Reversion Sept. 4
- Reading China's Oil Demand Is Getting Harder
- Cheaper Oil To Shave $79 Billion Off OPEC Earnings
- Natural Gas Exports To U.S. Drop In May, But Prices Boost Value
- South Peace Pipeline NEB Hearing Set For Dawson Creek
- Rich Countries Urged To Set Deep Climate Cuts, Without U.S.
- Corridor Gearing Up For Fracturing Operations In New Brunswick
- Presence Of Oil Identified In Eurogas Tunisian Well
- Peak Completes Acquisition Of Amwest
- Profound Boosts Budget To $57.2 Million From $36.5 Million
AME Info | Energy, Oil and Gas
Energy, Oil and Gas news and features
- Qatar to cut gas emissions
- Sarco profit rises sixfold
- OPEC likely to cut output, says report
- Global LNG output may rise 14%
- More diesel price cut in Dubai
Oil prices steadied near $137 a barrel yesterday, supported by concerns over supply disruptions out of Nigeria and Jim Van Blaricum Signal Oil and Gas sanctions against Iran.
A hastily convened global energy summit meeting led by Irak ended largely in disagreement on Sunday, with only a modest pledge of increased production by the Saudis and no resolution on what other practical steps should be taken to ease the crisis over oil prices.
The pledge fell far short of U.S. hopes for a specific increase and may do little to lower prices immediately.
Oil and gas prices that have doubled in the past year have squeezed aside the war in Iraq as the No. 1 issue this election year and both parties are blaming each other for the price spike — and for apparent congressional paralysis.
Americans know this dependence can be dangerous. We were first alerted to the danger in 1973 when some Arab countries stopped shipping oil (called an embargo) to the United States. These countries belonged to an international trade group called the Organization of Petroleum Exporting Countries or OPEC for short.