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Our land is girt by oil-rich sea … that we steal from East Timor

Australia has been stealing billions of dollars from one of our poorest neighbours, writes Clinton Fernandes, associate professor at the University of New South Wales in Canberra and specialist in Australian foreign policy.

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Oil and blood: Kenyan mall attack is Somali payback

The Al-Shabaab attack on a Kenyan shopping mall was retaliation for Kenya’s intervention in Somalia, writes United Nations adviser in Nairobi Robert Johnson. And there’s also the matter of oil …

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Kohler: the death of peak oil

Forget declining oil, there is a new global oil rush. The US has an estimated 2 trillion barrels of shale oil reserves — about 70% of the world’s total and eight times the oil reserves of Saudi Arabia.

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The good oil on the good life

It’s hard to stress enough the importance of spring, of getting some edible stuff into the garden and the subsequent joy of harvesting.

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Crikey Blogs | ENVIRONMENT|

Que sorpresa: Cuba finds oil and USA may lift embargo

The five decade-long United States embargo against Cuba could finally be lifted after the discovery of an enormous oil field in Cuban waters, explains Richard Farmer.

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Crikey Blogs | ECONOMY|

An inflationary kick along

Uncertainty in the Middle East has a price, as reflected by 1 April futures for Brent crude oil published on the ICE Exchange last night, writes Richard Farmer.

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Time | LINKS|

The oily nature of Gaddafi and Libya

As tensions rise in Libya against dictator Muammar Gaddafi, as does the price of oil across the world. Vivienne Walt explains the role of the liquid gold in the unstable nation.

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WikiLeaks cable: Shell staff posted throughout Nigerian government

Shell Australia chairman Ann Pickard once claimed to the US government that the oil giant had staff posted throughout Nigerian government ministries, ensuring they could keeping tabs on regulation in the oil-rich nation, a cable released by WikiLeaks says today.

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The dirty topic of peak oil: get ready to reduce your reliance

Wouldn’t it be funny if we spent so long arguing about what to do about climate change that we ran out of cheap oil first? It is not beyond the realms of possibility, writes Dr David Ingles.

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Information is Beautiful | ENVIRONMENT|

REVEALED: How much an oil spill costs

Remaining proven oil reserves will last us an estimated 29 years. Can we really afford to keep spilling it all in the ocean?

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Grist | COMPANIES|

The desperate, dangerous world of deep sea drilling

Amanda 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?

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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.

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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.

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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.

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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.

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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.

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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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Crikey clickthroughs

Click through to your favourite sections… PODCASTS: Canberra Calling: Download or listen to the latest episode now. BLOGWATCH: World Youth Day: freedom of speech v freedom of religion STATE OF THE PLANET: Penguins = the ocean’s canary in the coal mine STUFF WE LIKE: Louis Vuitton wins the counterfeit war against eBay US MEDIA WRAP: […]

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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.

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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 .

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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.

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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.

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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.

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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.

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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.

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