Foreign Policy Blogs

Tag Archives: Oil

Chevron vs. Ecuador

Oil giant Chevron says that it had obtained video recordings — and has posted them on its website —  that appear to show an Ecuadorean political operative seeking $3 million in bribes, in connection with a $27 billion lawsuit the company. It is the latest wrinkle in the on-going class action ...

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Uganda's Oil

Central Africa is not the first place energy people traditionally think of when it comes to oil. Now it appears Uganda may have up to 2 billion barrels of the stuff, according to their government. The question is what to do about it. Uganda would like to have a refinery, although some ...

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In the Land of Astroturf

A Gallup poll done two weeks ago reveals that of all industries, Americans rated the oil and gas worst, even worse than banking, GM and lawyers. There have been some annoyed, defensive responses from workers in the oil and gas field — understandable since most people in the industry are hard-working, honest ...

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Sweet Crude, the movie

The new documentary film, Sweet Crude, directed by Sandy Cioffi, offers a rare visceral look at the enormous problems facing the people of Nigeria’s oil-rich Niger River delta. Everyone interested in energy knows the complexity of the problem: massive oil reserves, oil companies only too willing to get into bed with ...

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For A Very Rainy Day

In my family, there is the story of how, when one of my aunts sold her house, her sisters, helping her empty the place, found 27 boxes of Fab detergent squirreled away in the kitchen cupboard. In case she should ever run out, and besides it was on sale, you ...

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U.S. Expands Trade in Southeast Asia to Check China

U.S. Expands Trade in Southeast Asia to Check China

The United States maybe  in the initial stages of a Southeast Asian foreign policy overhaul; the Obama Administration is not only reconsidering its sanctions against Myanmar, but also reevaluating America’s policy toward the entire Southeast Asian region.  Brian McCartan has an informative article on the recent removal of ...

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Another day in DC, another battle lost for oil companies.

Today the Senate Energy and Natural Resources Committee voted for an amendment, as part of a comprehensive energy bill, which would give the Secretary of the Interior Department flexibility in suspending mandatory royalty payments to companies for the production of oil and gas. The incentives, originally part of ...

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Goldman sanguine on high oil prices; Industry execs, not so much

Oil prices rose yesterday as Goldman Sachs stated it expects prices to reach $85 by the end of the year from its current level just below $70. Its analysts believe the recent price increase is the first stage of a longer sustained rally. They are right ...

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Oil prices rise but is there fundamental support?

Oil prices rise but is there fundamental support?

Oil has finished higher during 16 of the last 20 trading sessions and seven straight as it continues to rise from lows in February. Although it looks set to close lower today as traders cash in on recent gains, the price has increased over 110% over the past ...

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Increased violence in Nigeria highlights supply concerns but has little immediate impact on oil prices

Increased violence in Nigeria highlights supply concerns but has little immediate impact on oil prices

Nigerian militants from the Movement for the Emancipation of the Niger Delta (MEND) claimed to attack several pipelines of oil companies including Chevron yesterday, shitting in 100,000 barrels of crude a day. The attacks come in response as Nigerian forces over the past two weeks began a ...

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Is California changing its tune on offshore drilling?

In a move that went widely unreported last week, California Governor Arnold Schwarzenegger unveiled a plan that would allow additional drilling within state waters in an attempt to help ease California’s fiscal troubles. California had banned new exploration activity within state waters (an area that roughly ...

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As Prices Rise Some Frays on OPEC Edges

OPEC reported a rise in output despite a pledge from the organization’s member to reduce production to meet quotas agreed to in December. Five members (Saudi Arabia, Kuwait, Iran, Nigeria and Angola) increased production over the past month by a total of 180,000 bbls/day, although Saudi Arabia remains within its quota ...

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T. Boone Pickens is half right on energy security

On Friday, T Boone Pickens entitled an article “Swimming in Natural Gas” playing off a similar quote from the Wall Street Journal. (It is also sounds similar to, er, my coulumn I wrote last month that the world is swimming in oil as stocks ...

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Asian oil consumers and Opec members meet, but little action

OPEC and large Asian oil consuming countries led by Japan, India and China met on Sunday for the third Asian Ministerial Energy Roundtable. The group’s goal is to To foster dialogue between Asia’s resource producers, primarily Middle East countries, and consumers, such as China and India, and to send ...

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Rising Powers v. OPEC

Rising Powers v. OPEC

One of the untold stories in the headlines during the past few months is that the price of oil has climbed.  Recent reports have shown oil at $61 a barrel in the 4th quarter, definitely higher than the $30 reached in 2008.  Many financial analysts contribute the rise in price ...

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