Reuters/Jorge Silva

Venezuelan President Hugo Chavez at Miraflores presidential palace in Caracas

Lagniappe

Gustavo Coronel: Plaintiffs expert
credibility in zero in Chevron's trial

TOP HEADLINES

Gulf oil spill workers evacuate
as tropical storm bears down

AP

This image provided by NOAA taken late Thursday July 22, 2010
shows Tropical Storm Bonnie as she steamed through
the central Bahamas on Thursday night.

NEW ORLEANS
Petroleumworld.com, July 23, 2010 - story

Storm threat may imperil
BP battle to plug Gulf well

AP

Ships ready to leave leaky gulf of Mexico well as storm brews

BURAS, Louisiana
Petroleumworld.com, July 22, 2010 - story

BP gains confidence in cap
as spill plan takes shape

BEIJING
Petroleumworld.com, July 21, 2010 - story

Saudi has 'every intention'
of meeting oil demand: prince

AFP/Hamad Olayan

"As the demand for oil continues to rise, especially from China and India, the kingdom has every intention of meeting that demand," Prince Turki al-Faisal, pictured in May 2010, said in a speech to the Oxford Energy Seminar in Britain

RIYADH
Petroleumworld.com, July 21, 2010

OPEC sees world oil demand
growing by 1.2 pct in 2011

VIENNA
Petroleumworld.com, July 21, 2010 - story

China now world's number
one energy user: report

AFP/Frederic J. Brown

A power plant is seen in Beijing. China has rejected an assessment from the International Energy Agency that it had surpassed the United States to become the world's top energy consumer, calling the data "unreliable".

BEIJING
Petroleumworld.com, July 20, 2010 - story

BP ordered to draft new oil
well plan after seepage

AP /Dave Martin

oil slick sits on the surface of the water a few miles from the site
of the Deepwater Horizon oil spill in the Gulf of Mexico Saturday,
July 17, 2010.

NEW ORLEANS
Petroleumworld.com, July 19, 2010 - story

Venezuela recalls ambassador
to Colombia amid rebel row

AP/William Fernando Martinez

Colombia's President Alvaro Uribe speaks during a press
conference at the presidential palace in Bogota, Friday , July 16, 2010

CARACAS
Petroleumworld.com, July 19, 2010 - story

BP halts Gulf oil flow for first time since April

AP

Gulf geyser stops gushing . AP – This image taken from video provided by BP PLC at 14:27 CDT, shows that oil has stopped flowing.

NEW ORLEANS
Petroleumworld.com, July 16, 2010 - story

BP well may be capped, but
oil's damage is far from over

AP Photo/Judi Bottoni

Oil-damaged plants are seen in a Louisiana bay
south of Myrtle Grove, La., Tuesday, July 13, 2010.

NEW ORLEANS
Petroleumworld.com, July 14, 2010 - story

BP hopes for end to Gulf oil
nightmare after fitting cap

AFP

This graphic shows the latest efforts by BP to stem the
Gulf of Mexico oil spill by using a new cap on the leaking wellhead.

NEW ORLEANS
Petroleumworld.com, July 13, 2010 - story

US imposes new freeze on deepwater drilling

Reuters/Lisi Niesner

Greenpeace activists paint over a banner with the British Petroleum (BP) logo in a protest against the BP oil spill in the Gulf of Mexico at St. Stephen's square in Vienna July 7, 2010.

WASHINGTON
Petroleumworld.com, July 13, 2010 - story

Robots replace cap over gushing BP oil well

Reuters/Marc Morrison

Workers onboard the Transocean Discoverer Inspiration
deploy the 3 Ram Capping Stack to the Deepwater Horizon
BOP (blowout preventer) in the Gulf of Mexico July 11, 2010.

NEW ORLEANS
Petroleumworld.com, July 12, 2010 - story

Extra-time Iniesta secures World Cup for Spain

AFP/Jewel Samad

Spain's midfielder Andres Iniesta (R) shoots and scores a goal past Netherlands' goalkeeper Maarten Stekelenburg during extra time the 2010 FIFA football World Cup final between the Netherlands and Spain at Soccer City stadium in Soweto, suburban Johannesburg

.JOHANNESBURG
Petroleumworld.com, July 12, 2010 - story

PREVIOUS STORIES

Weekend
Petroleumworld`s
Opinion Forum:
viewpoints on issues in energy, geopolitics & civilzation.

Sunday´s
Opinion

Why Venezuela's Chávez Dug Up Bolívar's Bones

Opening of Bolívar's casket in the National Pantheon in Caracas,

CARACAS
July 15, 2010

By Tim Padget

Shortly before he died in 1830, Simón Bolívar asked his doctor, "How will I ever get out of this labyrinth?!" Bolívar was South America's most celebrated independence hero — remembered today as El Libertador, the continent's liberator — but the Venezuelan general and Latin American sage passed away unhappily in Colombia, ousted from power while once-adoring crowds jeered him as a tyrant. A- story - previous

Venezuela's 'Animal Farm'

By Thor Halvorssen

Last May, a private farm amidst Venezuela's rolling green countryside was expropriated by the country's president, Hugo Chavez. As Chavez later described, the farm's owner "is out there crying and saying he is going to get his land back. Well, he'll have to topple Chavez to get this back, because that farm belongs to the revolution now." - story - previous

Ranking: Dictators of Dictators

Mussolini, Stalin, Hitler

By PW

In the above photo, the Dictators of all time and below, the ranking of today World's Dictators according to Foreing Affairs Magazine: - story - previous

Sunday's
Feature

America in Retreat

By Daniel Mandel

It is well known that George W. Bush left office with low approval ratings and with sighs of relief from many foreign leaders. In contrast, Barack Obama rode a wave of popularity into the White House and the chancelleries of much of the world.-story - previous stories

Obama's Oil Spill

By Jon Christian Ryter

First, let's get this right. While this article will refer to the Gulf oil spill as the BP oil spill, we need to understand from the gitgo, this is Obama's oil spill. -story - previous stories

An Irresponsible Statement by
Venezuela's Minister Ramirez

Lake Maracaibo, June 2010

By The Devil's Excrement Blog

The Lake Maracaibo oil spill is sixteen times denser than the one in the Gulf of Mexico

Orders of magnitude continue to get this Government into trouble. I could not believe it when I heard Minister of Energy and Oil Rafael Ramirez say today that the oil spill in Lake Maracaibo is far from the environmental disaster of the one caused by BP in the Gulf of Mexico. I could not find the link, so I went into Bloomberg and copied it, just so you make sure I am not BSing you: -story - previous stories

Saturday
Lagniappe

"Be innovative!", orders the Kremlin

Skolkovo a global technology hub

By Andrey Kolesnikov

The Russian attempt to build Silicon Valley in Skolkovo is a case of throwing good money after bad, argues Andrei Kolesnikov. Russia badly needs systemic reform, not grand projects: without it there is no chance of achieving real, organic and high-tech innovation. - story - previous

Investment Dispute between
ExxonMobil and Venezuela

By Oliver L Campbell

The International Centre for Settlement of Investment Disputes has established it has jurisdiction to decide on the dispute between Mobil Corporation and others v. Bolivarian Republic of Venezuela (ICSID Case No. ARB/07/27) with regard to the latter's expropriation of Mobil's assets in the Orinoco Oil Belt.- story - previous

CITGO'S Temporary Losses

By Oliver L Campbell

As a staunch defender of CITGO'S acquisition by the "Old PDVSA," I was puzzled why its profits have lately turned into losses and wanted to find out the causes. An analysis has been made possible from the prospectus recently issued by CITGO for the purpose of refinancing its present debt. The losses, shown on the first line, are followed by some relevant data in the table below. - story - previous

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BP well may be capped, but oil's damage is far from over

BP hopes for end to Gulf oil nightmare after fitting cap