Remember the incessant squawking a few years back, when oil prices were spiralling, about how we were approaching "peak oil"? Been mighty quiet from that set recently, hasn't it? Vince Beiser explains why in a piece called "The Deluge" in the Pacifc Standard, March 4:

The widely circulated fears of a few years ago that we were approaching "peak oil" have turned out to be completely wrong. From the Arctic to Africa, nanoengineered materials, underwater robots, side-scanning 3-D sonar, specially engineered lubricants, and myriad other advances are opening up titanic new supplies of fossil fuels, many of them in unexpected places—Brazil, Australia, and, perhaps most significantly, North America. "Contrary to what most people believe," declares a recent study from the Harvard Kennedy School, "oil supply capacity is growing worldwide at such an unprecedented level that it might outpace consumption."

Tehran and Islamabad will sign an agreement March 11 for Iran to build the largest refinery in Pakistan, a $4 billion facility at Gwadar in the country's southwestern Balochistan province. (See map.) The refinery, projected to handle 400,000 barrels per day, will be linked to the planned Iran-Pakistan (IP) pipeline, with an extension to western China envisioned. China last month took over operational control of Gwadar's port, where a major expansion is planned. China's Great United Petroleum Holdings Company (GUPC) has agreed to conduct the feasibility study for a "petrochemical city" project in Gwadar. A pipeline from Gwadar to China would reduce the time and distance for oil transport from the Persian Gulf to Chinese markets. (Asia Times, March 6)

At this hour, Venezuelans are gathering in central Caracas, many in tears and holding portraits of their late leader Hugo Chávez, who passed after a long illness. In more well-heeled parts of the city, celebratory fireworks are going off. The right-wing opposition, and its allies in Washington and Miami, will doubtless see this as their hour. At stake is not merely the future of Venezuela, but all Latin America, given Chávez's leadership of the continent's anti-imperialist bloc. This was made clear last month when Ecuador's Rafael Correa "dedicated" his re-election to Chávez. We hope we can take Chávez at his word about how his movement transcends his personality cult. Weeks before his passing, he said: "They're thinking that Chávez is through. Chávez is not through. What's more and what I'd better tell you, when this body really gives out, Chávez will not be through, because I am no longer Chávez. Chávez is in the streets and has become the people, and has become a national essence, more than a feeling, a national body."  (Quoted in Reuters, March 5)

Iraq's Kurdistan Regional Government announced Feb. 25 that ExxonMobil has begun exploring for oil in the region, stressing that the constitution allow the KRG to sign contracts with foreign oil companies. KRG spokesman Safeen Dezae Spokesman said the KRG looks forward to the development of new oilfields in the region by the transnational giant. But Bahgdad reiterated its rejection of the deal as illegal, and stressed that Exxon must choose between contracts with the KRG or the central government. "We made it clear to Exxon in the last meeting that the answer we expected from them is to either work in the Kurdistan region or to work in southern Iraq," Oil Minister Abdul Kareem Luaibi told reporters in Baghdad. (World Bulletin, Turkey, Feb. 26)

Trial began Feb. 25 in the US District Court for the Eastern District of Louisiana between individuals affected by the 2010 Deepwater Horizon oil spill and British Petroleum (BP). The other corporations involved are the rig owner Transocean and well cement services provider Halliburton. The parties bringing suit against BP include the US Department of Justice (DoJ), states bordering the Gulf Coast, and individuals who did not agree to an earlier settlement agreement. The trial is to be conducted in phases with the first part focusing on determining what caused the blowout of the well and assign percentage blame on the companies involved. Other issues that are to be resolved are BP's level of negligence in conjunction with the incident and the amount of oil that escaped into the Gulf of Mexico, both elements are critical to determine BP's penalties under the Clean Water Act (CWA).

Campesino communities in Colombia's oil-rich department of Arauca, on the eastern plains, on Feb. 12 launched a paro, or civil strike, to protest broken promises by the national government and transnational companies operating in the region. A dialogue brokered by the Interior Ministry broke down the day before, and community leaders announced the campaign of civil resistance. Hundreds of campesinos began blocking roads leading to the Caño Limón and Caricare oilfields, both run by a consortium led by Occidental Petroleum of California. The first day of the campaign saw violence as over 1,000 troops of the National Police force's Mobile Anti-Disturbance Squadron (ESMAD) attacked the blockade at San Isidro, on the road to Caricare. Several protesters were beaten, four detained, and food supplies for the bloackde confiscated. The local Joel Sierra Human Rights Foundation has issued an urgent alert calling for the release of those detained, and for demilitarization of the region. Army troops have set up checkpoints on roads leading to zone, and are barring journalists and rights observers. (Colombia Informa, Feb. 13 via UDW)

As of Feb. 2 rescue workers had found the bodies of 34 people killed in an explosion the afternoon of Jan. 31 at the Mexico City headquarters of Petróleos Mexicanos (Pemex), the giant state-owned oil monopoly, according to government officials. At least 101 other people were injured in the massive blast, which damaged part of the B2 administrative building, next to the company's main building, a 52-story tower that dominates the city's skyline. Mexican president Enrique Peña Nieto declared three days of national mourning, which coincided with a long holiday weekend; the Constitution Day holiday falls on the first Monday of February.

Piracy on the world's seas reached a five-year low last year, with 297 ships attacked in 2012, compared with 439 in 2011, the International Maritime Bureau (IMB) of the International Chamber of Commerce (ICC) said in its annual global piracy report. Worldwide figures were brought down by international efforts against Somali piracy, the repor found, though East and West Africa remained the worst hit areas, with 150 attacks in 2012. Globally, 174 ships were boarded by pirates last year, while 28 were hijacked and 28 were fired upon. IMB's Piracy Reporting Centre also recorded 67 attempted attacks. The number of people taken hostage onboard fell to 585 from 802 in 2011, while a further 26 were kidnapped for ransom in Nigeria. Six crewmembers were killed and 32 were injured or assaulted.