Quick Flip? Oil-Rich Nations Use More Energy, Reducing Exports
December 9th, 2007
Via The New York Times, a very interesting article on how the economies of many big oil-exporting countries are growing so fast that their internal need for energy is reducing the amount they can sell abroad, adding new strains to the global oil market. This growth, if it continues, would see several of the world’s […]
Read more »C it go — Chavez’s Petrocracy Scales Back Profits at Citgo
November 16th, 2007
A very interesting WSJ article on Citgo – which Venezuela bought two decades ago to market its hard-to-refine heavy oil – changing its focus to feed cash to President Chávez’s social programs in Venezuela.  As the article notes: “…while other U.S. refiners have invested heavily to take advantage of historically wide profit margins in the […]
Read more »$100 Oil: Creating a New World Order
November 10th, 2007
An interesting look by The New York Times at how the approach of triple-digit oil prices has redrawn the economic and political map of the world, causing oil-rich nations to enjoy historic gains and opportunities, while major importers — including China and India — confront rising economic and social costs. “…Managing this new order is […]
Read more »Petróleos de Venezuela S.A. – A Study in Petrocracy
November 6th, 2007
I strongly recommend a terrific article by Tina Rosenberg in the New York Times magazine which describes the unexploited promise – and many problems – associated with Petróleos de Venezuela S.A. (Pdvsa) under the current Venezuelan political regime in particular and nationalized oil in general. As the article notes: “…77 percent of the world’s oil […]
Read more »The New Seven Sisters: Sending Big Oil the Way of the Dinosaurs?
November 2nd, 2007
An interesting post from Oil and Glory noting an evolutionary shift in the oil business that will see the growing marginalization – and probable absolute shrinkage – of Big Oil over the next decade and beyond, in favor of the New Seven Sisters. The main reason, according to the article, is that the oil majors: […]
Read more »More on the Axis of Oil: Venezuela Pumps (Up) Cuba’s Oil Industry
October 18th, 2007
News via Energy Daily that Cuba and Venezuela have signed agreements aimed at strengthening their economic ties, particularly in the energy sector, where Caracas hopes to bolster Cuba’s oil industry. “…Potential oil reserves off the coast of Cuba have in recent years piqued the interest of both regional and global oil powers like Venezuela, the […]
Read more »Focusing primarily on The New Seven Sisters - the largely state owned petroleum companies from the emerging world that have become key players in the oil & gas industry as identified by Carola Hoyos, Chief Energy Correspondent for The Financial Times - but spanning other nascent opportunities around the globe that may hold potential in the years ahead, Wildcats & Black Sheep is a place for the adventurous to contemplate & evaluate the emerging markets of tomorrow.