Cheap-Oil Era Is Far From Over, Analyst Says

“The oil sector competes with many other sectors for [investors’] money, and the oil sector’s performance in the last year was not very good in some respects,” he continued. “Money goes where it will get return. Will investments come in a timely manner in order to bring oil to consumers?”

National Geographic News

News? Al Jazeera

“This letter is for Kate who says we don’t need Iraq’s oil. (Previous thread) Wake up, Kate. I wish it wasn’t so, but our country has put itself on the most hated list of most other countries. No one likes a bully. We have become a big, ignorant, nasty bully.”This letter is for Kate who […]

What lies ahead in global oil crisis

But it leaves very little room for error on the supply side, this year or in the years immediately ahead before the development of alternate sources of energy becomes a reality. As Kenneth Deffeyes points out in his book, “Hubbert’s Peak”: “There are plenty of energy sources other than fossil fuels. Running out of oil […]

Earth’s oil gauge on low?

NEW YORK (CNN/Money) – With oil hovering near record prices and OPEC saying it’s out of their control, the question of whether the planet is nearing the end of its oil supply has again arisen. Earth’s oil gauge on low? Rising demand puts pressure on proven reserves, which have not seen a significant boost in […]

Programme Booklet for Oil & Gas Depletion Workshop Now Available

A 48-page booklet containing abstracts of the presentations and biographies of the 28 speakers at the Third International Workshop on Oil & Gas Depletion in Berlin on 25-26 May is now available

ODAC [pdf]

Energy Partners Strikes at East Cameron 161 Well

The East Cameron 161 #A-3 well, located in 86 feet of water about 170 miles southwest of New Orleans, LA, was drilled directionally from an existing platform to a true vertical depth of 8,200 feet and encountered apparent natural gas pay in the target interval.

RigZone

Will We Run Out of Energy?

Goodstein depends on empirical findings while ignoring the data that contradicts his argument. He ignores the fact that energy alarmists have always underestimated future oil supplies and he dismisses the possibility of developing vast quantities of unconventional sources of oil.

Mises Institute

65% of the world’s gas supply … is now in decline .. and

65% of the world’s gas supply … is now in decline .. and you’re not even sure [of] the rate at which the decline is accelerating… Gas can decline real fast

Matt Simmons speaks frankly about the global natural gas supply and the paucity of reserve data. Interview (14:12)

Real Movie from GlobalPublicMedia

Iraq oil loss set to drive prices higher

Iraq’s oil exports fell by nearly 1m barrels a day last week after its southern oil pipeline was bombed on May 8. Financial TimesThe loss was substantially greater than the 400,000 b/d drop reported by Iraqi oil officials last week and is likely to drive already-high world oil prices higher yet. The loss was in […]

Is Oil Predicting a Stock Market Crash?

Back in March ‘03 when my predictor’s turned bullish it was difficult to get anyone to listen, everyone was extremely bearish. Now it appears that a recent survey says 80% of market participants are bullish. Is it time to become bearish? In January of ‘03 Oil prices spiked up 76.82% fro the previous January. Should […]

China to invest in crude oil pipeline in Kazakhstan

The pipeline, expected to be completed in 2005, will bring Chinese oil companies closer to vying with major foreign oil companies for the huge reserves in the Caspian Sea region, a major source of energy outside the volatile Persian Gulf. KnightRidder Washington Bureau China to invest in crude oil pipeline in Kazakhstan By Tim Johnson […]

and another thing … Innovation over a barrel

slow technology uptake is a chronic industry problem. For years now, scientists and companies primarily responsible for such promising breakthroughs as subsea separation, composite and synthetic materials, smart wells, expandable solid tubulars and numerous others have been left mostly to their own devices to work out bugs and broaden their applicability.

Oil Online

David Goodstein Q & A

If the peak comes and we can

RELEASE THE EMERGENCY RESERVES

With crude oil trading above $41 a barrel and terrorism fears helping to inflate the price, the U.S. has quietly continued to fill its emergency reserves to the highest level ever — an amount experts say could be used to bring prices down, Monday’s Wall Street Journal reported.To guard against shortages, the U.S. and other […]

oil ministers prepare for emergency talks

Oil prices surged near $42 a barrel Monday as markets shrugged off a Saudi proposal that OPEC raise its official output target by 6 percent. Separately, the Energy Department said the average U.S. retail price of a gallon of gasoline passed $2 for the first time. more

the end of cheap oil

Humanity’s way of life is on a collision course with geology

A dieoff scenario by Jay Hanson

posted today to the energyresources yahoo group Excerpt: By 2040, we would need to triple the global food supply in order to meet the basic food needs of the eleven billion people who are expected to be alive. But doing so would require a 1,000 percent increase in the total energy expended in food production. […]

Uppsala Hydrocarbon Depletion Study Group

Colin Campbell and the Uppsala Hydrocarbon Depletion Study Group has now made the 2004 upgrade of the peak oil model. The peak is moved from 2010 to 2008

PeakOil.net

”Simply put, oil is a runaway train,”

SAN FRANCISCO (CBS.MW) — Crude-oil futures trekked into uncharted territory Monday, closing over $41 a barrel as a late-day reversal as concerns over new violence in Iraq pulled the market to a five-session win. “Simply put, oil is a runaway train,” said Kevin Kerr, editor of newsletter Kwest Market Edge. “While technically the energy markets […]

US gasoline price at record high $2.017 a gallon

The national price for gasoline busted through the $2 a gallon threshold for the first time ever, jumping 7.6 cents over the last week to a record high of $2.017 a gallon on Monday, the U.S. government said. WASHINGTON, May 17 (Reuters) – The national price for gasoline busted through the $2 a gallon threshold […]

Gas-station owners aren’t getting rich off gas price hikes

Drivers aren’t the only victims when gas placards hit $2 a gallon. Equally hurt are the people who sell three quarters of the gas consumed in this country: convenience store owners.

Slate.com

Iraq’s Governing Council head killed

TONY JONES: Iraq’s Governing Council has labelled the assassination of its president a great loss and US administrator in Iraq Paul Bremer has called it a vile act. The suicide bomb attack that killed Ezzedine Salim has shaken the country just six weeks before the handover to Iraqi sovereignty. Mr Salim and as many as […]

New Oil Storage Facility To Be Constructed

Dutch company Royal Vopak NV and a Singaporean company Oiltanking are interested in building oil fuel storage facilities in Indonesia, which will help guarantee distribution of oil fuels to the regions.

Neftegaz.ru

Big oil reservoirs are becoming harder to find and more expensive to develop.

Big oil reservoirs are becoming harder to find and more expensive to develop. Many of the oil provinces outside OPEC are mature, which means that finds are now smaller, need more costly technology to develop and fall faster from peak production. Oil companies have also been cautious on spending since the ‘97-’98 price crash slashed […]

Roadside bomb containing sarin nerve agent explodes in Iraq

A roadside bomb containing sarin nerve agent exploded near a U.S. military convoy, but there were no casualties, the U.S. military said Monday. Roadside bomb containing sarin nerve agent explodes in Iraq Monday, May 17, 2004

Record Coal Producing Pit Closed and Abandoned

The National Union of Mine Workers said it was a

Dr. Eugene Mallove is dead

Dr. that said cold fusion will work, was planning on going to DC next week to prove it, strangely murdered.

ZPEnergy.com AP local wire

A Little Secret the Government Doesn’t Want You To Know

A Little Secret the Government Doesn’t Want You To Know Source: New York Post [May 16, 2004] Excerpted from John Crudele column in New York Post, “What Are They Smoking at the Labor Department?” * Here’s some more bad news about Iraq. A source in the intelligence community tells me that the U.N. oil embargo […]

An oil-driven recession does not look at all far-fetched. It is, all in all, an

“Still, if there is a major supply disruption, the world will have to get by with less oil, and the only way that can happen in the short run is if there is a world economic slowdown. An oil-driven recession does not look at all far-fetched. It is, all in all, an awkward time to […]

At last, some honesty from the Government on oil!

At last, some honesty from the Government on oil! Deputy Prime Minister John Anderson confirmed the guts of my column today, Oils ain’t just oils, they’re to die for. He said on the ABC’s InsiderDeputy PM confirms oil crisis By Margo Kingston May 17, 2004 At last, some honesty from the Government on oil! Deputy […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy