The desperate, dangerous world of deep sea drillingAmanda Little heads to one of Chevron’s oil rigs, where ultra deep drilling is hailed as the best chance for new petroleum reserves. But why aren’t they spending their money on green energy?
Oil
Morning Market Report: Both gold and oil down
Wall Street closed down 48, after recovering from earlier falls, where it was down 108 at its worst. Both oil and gold were down.
National accounts paint the economy as a snail
Its clear that the dramatic contraction in sales growth reported in some sectors of housing and retailing in the quarter coincided with the dramatic surge in petrol prices in particular, writes Glenn Dyer.
Peak Oil Schmoil. Why is no-one talking about Peak Coal?
With Peak Oil on the agenda of the G8, it is easy to miss the other story about the end of fossil fuels, writes Dan Cass.
Australians buying gas-guzzlers in record numbers
It’s OK for Australians to complain about high petrol prices, just don’t ask them to stop buying thirsty cars, says Glenn Dyer.
Briefly Business: Octaviar, Just, hooking for gas
Now, or later, or never … Not fair nor reasonble, nor Just … Take with one hand take with the other … Rising oil prices lead to rise in self-employment.
Rising oil acts like another rate rise
New figures out today confirm that Australia’s already sluggish economy is continuing to slow, writes Glenn Dyer.
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Caltex spins its profits as oil prices soar
Caltex, and other oil companies, have a vested interest in making their obscene profits seem more sedate, writes Glenn Dyer.
It’s a steel: Oil and iron ore price hikes force price rises
The world’s industries are raising prices, and in turn adding to inflation, as they deal with the rising cost of oil and resources, writes
Rising fuel prices will make you fat too
Rising fuel prices may well lead to further increases in unhealthy weight gain by contributing to rising food costs, writes Dr Tim Gill.
Kohler: Oil and the pandering paradox
Western consumers want something to be done about global warming and about the high price of fuel. You can’t do both, writes Alan Kohler.
Oil Futures part 4: A series on oil, the future, and you
In the third part of a series on oil, the economy and the future, Tihomir Ancev, lecturer in resource and environmental economics at the University of Sydney, answers Crikey’s questions.
Briefly Business: Qantas boosts fares as oil closes in on $US120 a barrel
Dixon spinning as Qantas boosts fares … Oil close to US120 a barrel on Scottish strike … BMW starting to feel the pinch … MFS fiasco rolls on … Another US airline goes bust.
Oil and food soar, consumers hammered
The global food and commodity crisis is hitting everyone, not just developing countries, and it is really hurting at a time of slowing growth and falling confidence, reports Glenn Dyer.
China buys Timor oil: that’s the way of the future
The global credit crisis can be boiled down to one very simple proposition: the major western democracies have been living beyond their means and are saddled with too much debt, writes Stephen Mayne.
