Net World
Directory listing

Home
Auctions
Autos
Best 1000 sites
Computers
Countries
Entertainment
Games
Health
Jobs
News
Online shopping
Recreation
Search
Sports
Travel
Suggestions
Contact us
  Net World Directory

Your personal directory for the internet
 
   
      Net World Directory: Geotimes explores oil around the world
light.jpg
 


Subscribe To Geography Blog RSS Feed  RSS content feed What is RSS feed?

Geotimes explores oil around the world

Geotimes explores oil around the world
With oil hovering around $90 a barrel, Geotimes magazine examines emerging trends and issues in several obvious, and some not-so-obvious locations, in this months cover story Oil Around the World.

Land disputes, foreign sanctions, terrorism, war and economics play into the exploration and recovery of the worlds oil and natural gas reserves. Be it Libya, Iraq or Norway, the South China Sea or India, a number of of the issues are the same, leading to complications that often keep investors away from vast oil and natural gas reserves.

Land disputes rule the future of oil and gas exploration in a number of parts of the world. Uncertainty about the boundary between Norway and Russia in the Barents Sea is an obstacle to the development of vast oil and gas resources. Likewise, Asian countries continue to dispute areas of the South China Sea, locking away the possible oil and gas resources from the global economy. Yet, the economic possibilities are bringing countries together in cooperative seismic studies. Will this yield the potential for international agreement and investment?

Along with China, the growth in India has been fingered as one of the causes of the spike in oil prices. Though not historically a major oil producer, Indias heritage and geology may yield some future surprises.

Of course political and military conflict has a major impact on oil and gas supplies and prices. Thanks to a thawing of relations between the West and Libya and the potential high return for investment in Iraq, some companies are finding that wading into conflict-torn territories may be a gamble well worth the risk.


Posted by: Tyler    Source

 

      Net World Directory: Navigation