Inflaming the oil crisis

Today’s less dynamic economy is a cause of less rapidly growing oil consumption, rather than its consequence. As long as we feel guilty about improving our lives, energy will always seem to be a problem. But running out of oil isn’t something we need to worry about.

spiked

Inflaming the oil crisis

Today’s less dynamic economy is a cause of less rapidly growing oil consumption, rather than its consequence. As long as we feel guilty about improving our lives, energy will always seem to be a problem. But running out of oil isn’t something we need to worry about.

spiked

At Least 85 Die in Rebel Attacks in Five Iraq Cities

BAGHDAD (Reuters) – At least 85 people died and more than 320 were wounded in Iraq on Thursday when insurgents launched bloody assaults in five cities to disrupt next week’s formal handover to Iraqi rule.

Reuters

At Least 85 Die in Rebel Attacks in Five Iraq Cities

BAGHDAD (Reuters) – At least 85 people died and more than 320 were wounded in Iraq on Thursday when insurgents launched bloody assaults in five cities to disrupt next week’s formal handover to Iraqi rule.

Reuters

At Least 85 Die in Rebel Attacks in Five Iraq Cities

BAGHDAD (Reuters) – At least 85 people died and more than 320 were wounded in Iraq on Thursday when insurgents launched bloody assaults in five cities to disrupt next week’s formal handover to Iraqi rule.

Reuters

At Least 85 Die in Rebel Attacks in Five Iraq Cities

BAGHDAD (Reuters) – At least 85 people died and more than 320 were wounded in Iraq on Thursday when insurgents launched bloody assaults in five cities to disrupt next week’s formal handover to Iraqi rule.

Reuters

Oil gains as Norway oil workers face lockout

Crude futures prices on Thursday made a moderate bounce following the decline from the previous session as concerns grew about a complete lock-out by Norwegian oil employers of their workers following industrial action that is set to affect up to a quarter of Norway’s oil output from Sunday.

FT

Oil gains as Norway oil workers face lockout

Crude futures prices on Thursday made a moderate bounce following the decline from the previous session as concerns grew about a complete lock-out by Norwegian oil employers of their workers following industrial action that is set to affect up to a quarter of Norway’s oil output from Sunday.

FT

Oil gains as Norway oil workers face lockout

Crude futures prices on Thursday made a moderate bounce following the decline from the previous session as concerns grew about a complete lock-out by Norwegian oil employers of their workers following industrial action that is set to affect up to a quarter of Norway’s oil output from Sunday.

FT

Oil gains as Norway oil workers face lockout

Crude futures prices on Thursday made a moderate bounce following the decline from the previous session as concerns grew about a complete lock-out by Norwegian oil employers of their workers following industrial action that is set to affect up to a quarter of Norway’s oil output from Sunday.

FT

Violence Erupts Across Iraq; 69 Are Killed, AP Says

June 24 (Bloomberg) — Violence erupted today across Iraq, with insurgents targeting police and U.S. forces in Baghdad, Mosul, Ramadi, Fallujah and Baquba, the U.S.-led coalition said. At least 69 people died, including three U.S. soldiers, the Associated Press said, citing the Iraqi Health Ministry. The attacks come as the coalition prepares to hand over […]

Violence Erupts Across Iraq; 69 Are Killed, AP Says

June 24 (Bloomberg) — Violence erupted today across Iraq, with insurgents targeting police and U.S. forces in Baghdad, Mosul, Ramadi, Fallujah and Baquba, the U.S.-led coalition said. At least 69 people died, including three U.S. soldiers, the Associated Press said, citing the Iraqi Health Ministry. The attacks come as the coalition prepares to hand over […]

Violence Erupts Across Iraq; 69 Are Killed, AP Says

June 24 (Bloomberg) — Violence erupted today across Iraq, with insurgents targeting police and U.S. forces in Baghdad, Mosul, Ramadi, Fallujah and Baquba, the U.S.-led coalition said. At least 69 people died, including three U.S. soldiers, the Associated Press said, citing the Iraqi Health Ministry. The attacks come as the coalition prepares to hand over […]

Violence Erupts Across Iraq; 69 Are Killed, AP Says

June 24 (Bloomberg) — Violence erupted today across Iraq, with insurgents targeting police and U.S. forces in Baghdad, Mosul, Ramadi, Fallujah and Baquba, the U.S.-led coalition said. At least 69 people died, including three U.S. soldiers, the Associated Press said, citing the Iraqi Health Ministry. The attacks come as the coalition prepares to hand over […]

SEC leans to voluntary code on oil reserves

John Heine, SEC spokesman, said: “While many people have suggested that the SEC change the disclosure requirements for oil and gas companies, the commission is not currently considering any rule changes that are specific to oil and gas companies, nor has the division decided whether or not to recommend . .. any such rule changes in the future.”

FT

Iraqi oil pipeline blasted

Saboteurs blasted a key oil pipeline transporting crude oil from the northern town of Beji to one of the countries largest oil refineries – another in a series of attacks targeting Iraq’s infrastructure, authorities said on Tuesday.

NDTV

Crude Oil Prices Edge Up

Members of the cartel agreed to raise the group’s production quota by 2 million barrels a day in July and another half-a-million barrels a day in August, should that prove necessary. The current ceiling is 23.5 million barrels a day. Market analysts say the move is largely symbolic because the cartel’s members are already producing some 2 million barrels a day above their official quotas.

The Street

Norway Oil Strike to Expand, Cutting 24% of Supply

June 23 (Bloomberg) — Norwegian oil workers said they will step up a six-day strike over pension plans, cutting almost a quarter of supply from the world’s third-largest oil exporter.

Reuters

The Anti-Burb

Possible future of housing? Smithsonian Magazine “Arcosanti, a struggling community in the Arizona desert, preaches the virtues of close quarters.” A science fiction-like wonderland of domes and apses on a desert mesa 70 miles north of Phoenix, Arcosanti is Paolo Soleri’s rejoinder to the American ideal of a house with a lawn and a two-car […]

Peak Oil Revisited

Colin Campbell, the

Americans Watch Gasoline Prices Rise

“I think they know they can get away with charging more. We have to have our gasoline. We’re going to pay whatever they charge and they see that prices have risen for whatever reason, so they’re gonna tack on a little bit for themselves at the same time.”

Voice of America

World Bank Rebuked for Fossil Fuel Strategy

The World Bank’s drive to promote fossil fuel-generated power for 1.6 billion people lacking electricity will drive developing countries deeper into debt, a report by a development thinktank claims today. Fossil fuels, such as oil, gas and coal, will never provide enough power for developing nations because of the cost of connecting remote communities to […]

U.S. Threatens to Abandon Saudis and Their Oil

The United States has sent a tough message to Saudi Arabia that did not rule out abandoning of the kingdom’s oil sector. U.S. officials said the Bush administration has warned that Americans would not stay in Saudi Arabia unless the kingdom takes significant steps to protect them. The officials said the warning came in wake […]

US Energy Policy at Gunpoint in Iraq – Greg Palast

Speech by Greg Palast – Investigative Journalist BBC

You can’t say this stuff in American mainstream media for very long. Follow the $$$ to find out the truth if you dare.
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Oil & Gas: Facing the Music Before it Stops

Emergy (spelled with an “m”) cost includes both the work done by nature and the work done by man. When you start to audit nature’s books this way, you see clearly that some fuels are net losses and that some “free” goods are created at great cost. You see how heavily every activity in our economy is subsidized by cheap energy, even when it involves no fuel or electric power.

More

Scientists Urge Shift to Non-Food Crops

Farmers of the world must shift quickly to growing plants for industrial uses such as oils and plastics to replace petrochemicals as the climate warms and crude supplies run out, British scientists said on Monday.

Yahoo-Reuters

World oil and gas reserves still growing at healthy pace: BP

“2003 was a turbulent year in the world’s energy markets, with supply disruptions, strong growth in both demand and production of oil and coal, and the highest prices in the oil and gas markets for 20 years,” said BP Chief Economist Peter Davies.

However, he said, “The high prices were not driven by fundamental resource shortages: In 2003 the world’s reserves of oil and natural gas continued their long term trend of growing faster than production.”

OGJ

Quagmire of Blood, Oil, Sweat and Deceit

Oil, and defining ‘finite’

WASHINGTON — Oil produced the modern world — its ways of work, warfare and recreation — and soon, we are told, the end of cheap oil will produce abrupt, wrenching changes in the way we live. Changes, certainly, but not convulsions, because the modern world responds to price signals.

CP

Iran Seizes Three British Vessels, 8 Crewmen

TEHRAN (Reuters) – Iran seized three British naval boats on Monday, which it said had entered its waters near the Iraqi border, and arrested eight British crew.

Reuters

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