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  • Oct 26, 2014
  • Updated: 1:05am

Petroleum Politics

Peak oil nuts may be right, but for all the wrong reasons

I've never had much time for the peak oil prophets of doom.

Wednesday, 27 June, 2012, 12:00am

Environmentalist warns of oil-crunch crisis

Companies and governments are hoarding oil and coal and risking creating a 'carbon-asset bubble' - which when it bursts will destabilise economies worldwide on the same scale as the global financial crisis.

1 Oct 2011 - 12:00am

Plan for third runway won't fly without fuel

If a third runway is added to Hong Kong International Airport, it would not be fully operational until the 2020s. The Airport Authority argues that it is necessary, based on projections of rising demand for air travel.

9 Aug 2011 - 12:00am

Little impact seen from Japan, Mideast crises

Japan's earthquake and instability in the Middle East should not cost Hong Kong more than HK$48.5 billion in lost exports this year - or the equivalent of about 1.6 per cent of total exports last year - the Trade Development Council said yesterday.

31 Mar 2011 - 12:00am

Chances of an oil crisis slim, but impact would slam Asia

As the Libyan uprising descends into civil war, and with unrest spreading to the energy-rich shiekhlets of the Persian Gulf, investors in Asia are once again fretting over the economic impact of a protracted rise in the price of oil.

3 Mar 2011 - 12:00am

Fear returns to drive the global oil market

If any further evidence was required that we are back in a bull oil market, then Egypt has done the trick. Benchmark prices this week passed US$100 a barrel for the first time in more than two years on the back of political turmoil in Cairo.

2 Feb 2011 - 12:00am

Asia faces natural barriers as West's fortunes dim

Decades don't usually have the courtesy to begin and end on the right year. The social and cultural revolution that Western countries think of when they talk of the 'Sixties' only got underway in 1962-63, and didn't end until the Middle East war and oil embargo of 1973-74.

29 Dec 2009 - 12:00am

Oil at US$70 might prove to be a bargain

Economists are arguing whether they can see the green shoots of economic recovery or only the yellow weeds of continuing recession. But global oil markets have been hyperactive, and reacting as if the green shoots have burst into flower and become a blooming bush on the way to a full-grown prosperity tree.

9 Jun 2009 - 12:00am

China casts a wide net for petroleum security

Cash-rich China is using a period of relatively low oil prices to improve its energy security and ensure that its economy has the oil-based fuels needed to sustain growth when recovery takes hold.

26 May 2009 - 12:00am

Oil forecast to hit US$25 as demand plunges

International oil prices may fall to a low of US$25 a barrel in the second quarter and average US$35 this year, as supply cuts fail to offset a sharp and sudden demand plunge, according to Morgan Stanley.

4 Feb 2009 - 12:00am

Asset watch

GOLD

Gold, which is viewed as a safe haven, will continue to outperform other metals amid the global economic slowdown and weakening dollar. Gold hit a record high of US$1,011.25 on March 17 and is now about US$870.

OIL

31 Dec 2008 - 12:00am

Scraping the bottom of the (oil) barrel?

Worried about 'peak oil'? The International Energy Agency's (IEA) annual report, 'The World Energy Outlook 2008', admits for the first time that 'although global oil production in total is not expected to peak before 2030, production of conventional oil ... is projected to level off towards the end of the projection period'.

29 Dec 2008 - 12:00am

End of the road?

With oil prices rising and showing no signs of coming down, is this the end of cheap oil? If so, what are the alternatives and how should we adjust our lifestyles? Write to us.

23 Jun 2008 - 12:00am

Pricey barrels add a burden

A 36 per cent price increase in five months? About 400 per cent in five years? The price of which product has soared that much?

It's crude oil!

Since 2000, crude oil prices have steadily climbed. And many economists expect this trend to continue.

In early January, oil was traded at US$100 a barrel and the price rose to US$136 earlier this month.

16 Jun 2008 - 12:00am

One trillion petrodollars say markets will bounce

With stock markets crumbling, energy costs soaring to new records, inflation mounting and the world's big developed economies teetering on the brink of recession, it is worth remembering that the outlook is not equally gloomy for everyone.

16 Jun 2008 - 12:00am

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