Energy Efficiency

Iran claims to have ‘saved’ $11 billion through fuel rationing since 2007 and its interesting to note that currently they extract about 4 million barrels of oil a day and sell about 2.5 million of barrles a day and although their population is 74 million; they aren’t in the top ten consumers. They distributed 17 [...]

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Earlier posts about the ability of the Aussie $ to maintain some semblance of equity and the ‘real’ cost of extracting oil may well see us passing $2 a litre in the not too distant future. The chief of the Organisation of the Petroleum Exporting Countries (Opec) and also Algeria’s energy minister Chakib Khelil said [...]

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We are living through strange times, where now, more than ever before – like watching a magican – we know but can’t quantify the effect/s of manipulation. Make no mistake, in Australia our $ is being tossed around but for no other reason that as part of the ripple effect of  the USA’s on and [...]

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The company expects new refineries to be operating in Asia in the second half of this year, but it was open to the possibility of global demand for petroleum products softening, if the US falls into recession. The combination of extra supply and slowing demand could put further pressure on its margins. Caltex says 2007 [...]

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