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Drumbeat: December 20, 2009

7 hours ago ago from The Oil Drum - Discussions about Energy and Our Future

Energy scarcity and not peak oil needs global focus As I write these lines on the train from Amersfoot to Frankfurt, with white, fluffy snow as far as the eye can see, the world seems engrossed with the deliberations in Copenhagen, with focus on global warming and carbon emission. However, in the hullaballoo of this entire debate, the very issue of energy poverty appears to have been sidelined. After all it affects the daily lives of ...

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U.S. Companies Shut Out as Iraq Auctions Its Oil Fields

3 hours ago ago from Aletho News

By Vivienne Walt  | Dec 19, 2009 Those who claim that the U.S. invaded Iraq in 2003 to get control of the country's giant oil reserves will be left scratching their heads by the results of last weekend's auction of Iraqi oil contracts: Not a single U.S. company secured a deal in the auction of contracts that will shape the Iraqi oil industry for the next couple of decades. Two of the most lucrative of the multi-billion-dollar oil ...

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Iraq Poised to Transform Oil Market in Next Decade

13 hours ago ago from Iraqi Dinars Blog

by  Nehal el-Sherif Deutsche Presse-Agentur (dpa) 12/17/2009 URL: http://www.rigzone.com/news/article.asp?a_id=84307 Political and security issues in war-torn Iraq have been the focus of the world's attention for more than six years. Now, the country's oil reserves are doing the talking. After a string of recent deals between the Iraqi government and foreign oil majors, experts believe that Iraqi oil will transform the global ...

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Merry Christmas, from Harry

4 hours ago ago from Thoughts Of A Conservative Christian

Merry Christmas, from Harry By Randall Hoven According to the latest news , Harry Reid has the 60 votes needed to pass Obamacare.  While the legislation itself is not available for reading, to my knowledge, the Congressional Budget Office did report on it December 19.  I parse that CBO report here so we know what is about to happen to us. The CBO does not make the accounting all that easy, despite its many tables of ...

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Shell plans to sell $5 billion worth of Nigerian oil fields: report MarketWatch

2 hours ago ago from digital camera

Reuters Shell plans to sell $5 billion worth of Nigerian oil fields: report MarketWatch LONDON (MarketWatch) Royal Dutch Shell PLC (NYSE:RDS.A) Sunday said it won t comment on a report that it plans to sell oil fields in Nigeria valued at $5 billion as the country seeks to make oil reforms. A report in the Sunday Times Iraq, Shell ink deal on supergiant Majnoon field Reuters Shell Plans $5 Billion Nigeria Oil Field Sale, Times Reports ...

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Iraq Says Iranian Troops Left Disputed Oil Well : NPR

9 hours ago ago from NPR

Search hear continuous streams 24-Hour Program Stream NPR News and Shows hear the latest news [4 min 45 sec] Latest NPR Newscast Iraq Says Iranian Troops Left Disputed Oil Well by The Associated Press Associated Press Map locates al-Fakkah oil field where Iraqi forces are confronting Iranian ...

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BBC News - US alarm after Iran troops seize Iraq Fakkah oil field

15 hours ago ago from BBC

US forces are due to gradually pull out of Iraq by the end of 2011 America's top military officer has voiced concern about an incursion by Iran into Iraq that ended with Iranian soldiers seizing an Iraqi oil well. Admiral Mike Mullen said he had spoken to Iraq's defence minister, but it was for leaders in Tehran and Baghdad to resolve the dispute. Officials from both countries have said they want a diplomatic solution. The ...

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Iran-Iraq dispute over oil well still unresolved

3 hours ago ago from CNN - World

Iran-Iraq dispute over oil well still unresolved Iraq-Iran oil well dispute STORY HIGHLIGHTS Iranian forces that seized Iraqi oil well withdraw from facility but remain in Iraq, says Iraqi official Iran, however, dismissed Iraq's allegations of takeover, saying well is in Iranian territory Negotiations to resolve diplomatic standoff are ongoing, says Iraq's Deputy Foreign Minister ...

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Green Inc. Column: Copenhagen’s One Real Accomplishment: Getting Some Money Flowing

3 hours ago ago from The New York Times

COPENHAGEN The most tangible outcome of the climate agreement announced here Friday turned out to be cash. Olivier Morin/Agence France-Presse Getty Images U.N. Secretary General Ban Ki-Moon said that the climate accord was an improvement, because $100 billion was pledged for funding. A blog about energy, the environment and the bottom line. The Copenhagen Accord set no goal for conclusion of a binding ...

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