position:oil executive

What Happens To Clean Technology Innovation If Oil Prices Drop? | Co.Exist
►http://www.fastcoexist.com/1680107/what-happens-to-clean-technology-innovation-if-oil-prices-drop

a new report (PDF) from Leonard Maugeri, a former oil executive and current fellow at Harvard’s Belfer Center for Science and International Affairs, warns: “oil supply capacity is growing worldwide at such an unprecedented level that it might outpace consumption. This could lead to a glut of overproduction and a steep dip in oil prices.” That dip in oil prices would mean cheaper gas, certainly, but it could put a serious damper on how far we’ve come in the search for non-fossil-fuel-based energy solutions.

#green_tech #environnement #pétrole

WikiLeaks cables : Saudi Arabia cannot pump enough oil to keep a lid on prices | Business | The Guardian
►http://www.guardian.co.uk/business/2011/feb/08/saudi-oil-reserves-overstated-wikileaks

The US fears that Saudi Arabia, the world’s largest crude oil exporter, may not have enough reserves to prevent oil prices escalating, confidential cables from its embassy in Riyadh show.

The cables, released by WikiLeaks, urge Washington to take seriously a warning from a senior Saudi government oil executive that the kingdom’s crude oil reserves may have been overstated by as much as 300bn barrels – nearly 40%.

The revelation comes as the oil price has soared in recent weeks to more than $100 a barrel on global demand and tensions in the Middle East. Many analysts expect that the Saudis and their Opec cartel partners would pump more oil if rising prices threatened to choke off demand.

Vous faites comme vous voulez, mais moi j’ai fait le plein ce matin.

#pétrole #Arabie_séoudite #cablegate