TRANSCRIPTS – Chris Skrebowski interviewed by Julian Darley on 8 August 2004.

From GlobalPublicMedia: “Julian Darley: Could you tell us the latest news on oil-field megaprojects, and why you have some rising concerns? … [The year] 2005 is also a good year in terms of projects. As I say there has been this steady tendency a) for projects to get delayed and b) for projects to under-perform […]

Global Chaos and Oil Prices

NPR’s Alex Chadwick speaks with Tess Vigeland of Marketplace about how a threatened bankruptcy in Russia, continued sabotage of oil facilities and pipelines in Iraq and a recall vote in Venezuela have sent the price of crude oil to new highs.

NPR

Oil Prices Ain’t “Record High,” But They Will Be

Of course, we won

China’s crude oil imports in July up nearly 40% year-on-year

The world’s second largest oil consumer after the United States has seen oil imports soar as flagging domestic production has failed to keep up with booming economic growth and demand for gasoline in the auto market.

Channel News Asia

Oil soars-but please do not panic-just yet anyway

August 15, 2004 Economic Outlook Oil soars again, but no need to panic just yet David Smith EVERY TIME the oil price looks ready to lie down, up it pops again. A promise last week by Saudi Arabia to increase output provided only a brief respite. High prices, it seems, are here to stay. Our […]

First gas prices shot up; will crayons be next?

SAN FRANCISCO (CBS.MW) — U.S. drivers for months have bemoaned soaring gas prices, but motor fuel isn’t the only oil-based product under pricing pressure due to record high crude-oil costs. Oil is an indispensable ingredient in everything from paints, fertilizer and tires to cosmetics and synthetic fabrics. Rising crude prices have yet to drive up […]

Global Peak Oil Gathering – Alexander’s Gas & Oil

The discussion around the future global demand, supply and reserve-situation is intensifying. Are we actually running out of oil (and gas) or not? And if so when? Will the reserves collapse or will new finds take care of the future? Will production keep up with demand? And if not, what then? Many questions and even […]

Consultant says Era of Cheap Oil is Over

BY PHYLLIS JACOBS GRIEKSPOOR The Wichita Eagle The world is officially out of $30 a barrel oil, analyst Henry Groppe told more than 600 participants and their guests at the opening breakfast of the Kansas Independent Oil and Gas Association’s (KIOGA) annual convention in Wichita Monday. That means, he said, prices generally will be in […]

U.S. Oil Bill At All Time High

For the U.S., another thing has changed since the early 1980s: It imports a lot more oil and a much higher percentage of its consumption. This means that as oil prices increase, a lot more money is leaving the U.S. than it did during the famous oil shocks of a generation ago.

forbes

Militia Set Fire to Iraq Oil Well in New Tactic

BAGHDAD (Reuters) – Shi’ite militia have set fire to an oil well in southern Iraq, Baghdad said Monday, adopting a new tactic in the uprising against U.S. forces and the new Iraqi government.

ABC

The pill that turns gasoline into water?

Okay, it isn’t quite the legendary pill. It is a car capable of circumventing the globe on the equivalent of two gallons of gas. Also, the driver has to be a fairly small person, at least with the current model… Publication Date:16-August-04 Source: Press Association Ltd A car which could drive around the world using […]

A Major Blog Raises the Issue

The number that caught my eye, however, was 84 million barrels a day. That

Saudi Arabian role changing as oil-price arbiter

“If the experienced people leave, the burden of transferring the knowledge and experience increases: It has to be done in a shorter time. From what I could see, the exodus has begun. Expats are leaving in large numbers. I think the terrorists want to drive out the expats and damage the economy.”

Chron

Oil nears $US47 a barrel

Analysts are not ruling out the possibility that the New York oil futures contract may hit the $US50 a barrel level if unrest in Iraq continues and Russian oil titan Yukos fails to resolve its financial woes.

ABC

Shell fears raid by French oil giant Total

The Anglo-Dutch oil company Royal Dutch Shell, one of the world’s biggest, is bracing itself for a raid by France’s Total, according to the British Sunday newspaper the Observer. “Insiders … fear Total will launch a raid,” the newspaper said. “Total … is considered the only predator capable of gaining regulatory approval for what would be a spectacular merger.”

Expatica

Arguments for Hydrogen

You aren’t a real Peak-Oiler if you haven’t dismissed the hope of hydrogen. Still, it’s a test of faith to read the opposition arguments, if only to do a little reality check.Fuel Cell magazine recently bit the feeding hand by running an excerpt from “The Hype about Hydrogen,” Joseph J. Romm’s debunking of the hydrogen […]

Letting wind power us into the future

A feel-good story about how cheap wind power is these days. No mention of dead birds.

Santa Maria Times

American Energy Policy

Alexander Zaitchik (of the NYPress alt newspaper) is hopping mad at the Bush-Cheney Energy Policy. An excerpt: “Nowhere is the manipulation of September 11th more crass in its execution and backwards in its program than the current Republican effort to ram through its energy plan, a drive that follows a GOP pattern of using unrelated […]

Oil surges towards US$47

SINGAPORE – Crude oil prices hit a new all-time high of US$46.90 (S$80.77) per barrel on Monday following uncertainty over President Hugo Chavez’s rule in Venezuela, the world’s fifth largest exporter, and continuing unrest in Iraq. Crude futures hit a new record high of US$46.90 per barrel at 11.47am (0347 GMT) in after-hours access trade […]

Raise in Oil Output Not to Help Bush

New Edition of Our Petroleum Challenge Launched

CALGARY, Aug. 11 /CNW/ – The newest edition of Our Petroleum Challenge provides an overview of Canada’s crude oil and natural gas industry through vivid, plain language description of the steps involved in finding, producing, processing, transporting, refining, selling and using petroleum products. Our Petroleum Challenge – Sustainability into the 21st Century, 7th edition is […]

The Coming Global Recession in 2005

A recession may be looming especially with the unprecedented rise in world oil prices, which have historically presaged every recession in America. But on oil there is breathtaking complacency says V. Anantha Nageswaran, and warns of the porte nds of faulty OPEC reserves and output data, the UK turning a net fuel importer and the […]

Newsday: 1.3 billion reasons to worry about oil

With 1.3 billion people, a phenomenal rate of economic growth, and an insatiable consumer demand for cars, China will soon come into direct conflict with the United States over oil, the world’s most valuable and increasingly scarce industrial commodity. The pressure on supply will inevitably jack up prices to levels that would make today’s motorists and electricity customers blanch.

Newsday

Russia a superpower in oil

For one thing, Russia can produce more oil than it has the pipelines to export, so any dip in Yukos’ production could be made up elsewhere. For another, high prices are letting Russia reap windfall profits from oil. Lastly, the Kremlin is unlikely to risk the international opprobrium that turning off Yukos’ taps would generate.

Houston Chronicle

Small Texas beach town debates planned Liquid Natural Gas terminal

Risk, reward divide tiny town Gas terminal is seen as a danger or a bonanza By RICHARD STEWART Copyright 2004 Houston Chronicle GAS PROJECT Freeport LNG Development LP hopes to begin construction of the Quintana terminal later this year with production expected to start in 2007. Every two or three days, the facility will unload […]

This oil crisis won’t end soon — if ever

Nothing new in this story, it’s just one more example of peak theory going mainstream, from UK’s Globe And Mail newspaper. By ERIC REGULY Saturday, August 14, 2004 – Page B2 The price of oil went through $46 (U.S.) a barrel yesterday, setting another record high. Many energy experts say $50 — a figure unthinkable […]

Oil prices hit record $46.58

LONDON, England — New York crude oil futures jumped a dollar to a set new record of $46.58 a barrel at the close on Friday on the heels of an explosion and fire at BPs Whiting, Indiana, refinery and worries about supply disruptions in Iraq and Venezuela.

CNN

Want better returns? Drive a car with better mileage

Scarily enough, the car you drive may be your most important investment decision right now. By saving just $1,000 a year on gas, youMSN

Norway offshore oil production reaches a plateau

Life in the Norwegian sector of the North Sea is quite different from what it was just a few short years ago.Coming to terms with change from: Offshore Engineer by: Rick von Flatern Sunday, August 01, 2004 For the opening salvoes of this month’s Scandinavian special, OE’s US editor Rick von Flatern recently returned to […]

Sun and hydrogen ‘to fuel future’

BBC News Online science and technology staff Turning sunlight into hydrogen could be the future Capturing sunlight to make enough hydrogen fuel to power cars and buildings has been brought a step closer by a British research company. Hydrogen Solar says it has managed to convert more than 8% of sunlight directly into hydrogen with […]

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