March 17 (Bloomberg) — Cornelia Meyer, an independent oil analyst, talks about increased Iraqi oil production coming on stream and its effect on OPEC quotas.
Meyer also discusses the outlook for oil prices. She speaks with Bloomberg’s Francine Lacqua at the meeting of the Organization of Petroleum Exporting Countries in Vienna.
Duration : 0:2:25
March 17 (Bloomberg) — Bill Farren-Price, chief executive officer of Petroleum Policy Intelligence, talks with Bloomberg’s Francine Lacqua about OPEC oil production levels.
Ministers of the Organization of Petroleum Exporting Countries, meeting in Vienna today, agreed for the fifth time since 2008 to keep production limits unchanged. (Source: Bloomberg)
Duration : 0:3:5
March 15 (Bloomberg) — Manouchehr Takin, an analyst at the Centre for Global Energy Studies, talks about the sustainability of oil prices and the Organization of Petroleum Exporting Countries’s production levels.
Takin also discusses Petroleo Brasileiro SA’s oil find at the Piracuca field in Brazil’s Santos Basin. He speaks with Bloomberg’s Maryam Nemazee and Rishaad Salamat in London.
Duration : 0:4:4
Organization of the Petroleum Exporting Countries (OPEC) set a precedent today with its largest oil production cuts ever — 2.2 million barrels per day. The reduction meets falling demand for oil and addresses dramatic price reductions that have been devastating for oil producers.
OPEC recommends that non-oil producers like Russia join in the cuts rather than benefit from higher prices while producing the same amount of oil.
Geoffrey Heal, a professor at Columbia Universitys Graduate School of Business, explains the effect these production cuts will have on the U.S. and how they will continue to function in the future given potential lack of adherence by OPEC member nations and a developing U.S. energy policy.
Worldfocus video podcast: http://feeds.feedburner.com/worldfocus
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Duration : 0:2:47
OPEC ministers are meeting in Cairo to discuss the recent fall in oil price as Saudi Arabia identifies a price target per barrel of oil for the first time in years.
The Organization of Petroleum Exporting Countries (OPEC), which accounts for 40% of global oil production, cut output by 1.5 million barrels a day last month, but the move failed to stop prices from declining.
http://sharewave.org
Duration : 0:1:57
Indonesia is the only Asian-Pacific member of OPEC that’s meeting in Saudi Arabia this weekend. Much of the country’s oil reserve remains undeveloped.
Al Jazeera’s Step Vassen reports on how it is now attracting foreign investors and how many local communities are uncertain about their future.
Duration : 0:3:17
The head of the Organisation of the Petroleum Exporting Countries (Opec) has said that the organisation must order a “substantial” cut in oil production when the group meets in Vienna next week.
Inside Story asks who is responsible for the drop in oil prices and if it is related to the current financial crisis.
Duration : 0:10:51
Mosaic needs your help! Donate here: http://linktv.org
“Abbas May Call for Early Elections,” Abu Dhabi TV, UAE
“Truce Ends Between Hamas and Israel,” IBA TV, Israel
“Iraqi Officials Accusd of Attempted Coup,” Al Arabiya TV, UAE
“Iraq Tightens Security on Iran’s Border,” Al Arabiya TV, UAE
“Iran Shells PKK in Northern Iraq,” Al Jazeera TV, Qatar
“Stategic Road in Kurdistan, Iraq,” Alsumaria TV, Iraq
“Russia Gives Lebanon Fighter Jets,” Nile TV, Egypt
“Grand Mufti of Azhar Faces Criticism for Shaking Israeli President’s Hand,” Al-Alam TV, Iran
“OPEC Reduces Oil Production,” Press TV, Iran
Produced for Link TV by Jamal Dajani.
Duration : 0:27:1
Dec. 18 (Bloomberg) — Bloomberg’s Su Keenan reports on the performance of oil market in 2009, and the outlook for oil prices next year. (Source: Bloomberg)
Duration : 0:1:26
Article: http://www.dailytech.com/Geologists+Find+90+Billion+New+Barrels+of+Oil+in+Arctic/article12481.htm
Race to claim begins
The Arctic may hold far more oil than previously thought; as much as 90 billion undiscovered barrels according to a new study released today by the US Geological Survey. The new amount, equivalent to nearly 20 years of US foreign oil imports, is worth over $11 trillion dollars at current oil prices . One third of the amount may lie in Alaska alone, according to the study’s authors.
The region also holds nearly 1,700 trillion cubic feet of natural gas, 27% of known world gas reserves. Counting known deposits already surveyed, total oil and gas deposits in the Arctic are more than 410 billion barrels.
The study, known as CARA — Circum-Arctic Resource Appraisal — included only those deposits that could be tapped with current technology. Future advances would likely boost the number further. Researchers in Denmark, Greenland, Canada, and Norway contributed data to the study.
According to project chief, Donald Gautier, “The extensive Arctic continental shelves may constitute the geographically largest unexplored prospective area for petroleum remaining on Earth.”
A geopolitical scramble for the resources is beginning. Russia has taken steps to secure rights to the region, last year sending a nuclear-powered ship to map a possible undersea connection between Siberia and the North Pole. This would allow the nation a rationale to circumvent the UN 200-mile limit of offshore resource claims.
Seven other nations have claims for the area, including Norway, Sweden, Canada, and the U.S. Earlier this month, Canadian Prime Minister Stephen Harper said the nation intends to “defend” its sovereignty in the Arctic, backing up the statement with a plan to divert 8 military patrol ships to the region, along with a new deep-water port.
http://thesenatorhillary.blogspot.com
Duration : 0:2:11