Oil Refiners Unimpressed By Saudi Output Boost Vow

LONDON: The world’s oil refiners are unimpressed by Saudi Arabia’s boost to production capacity that would only swell supplies of sour, high sulphur crude while they hanker for sweet oil. US oil prices still hovered near $50 yesterday, testimony to the indifference to Riyadh’s pledge to hoist official production capacity by 500,000 barrels per day […]

Oil Fantasies

The recent surge in oil prices to roughly $50 a barrel teaches some useful lessons. One is that surprises happen. A year ago futures contracts predicted today’s price would be $25. A second is that the economy has grown less vulnerable to oil “shocks.” Compared with 1973, we now use almost 50 percent less energy […]

U.S. Govt Warns of Sharply Higher Heating Costs

American consumers will feel the impact of record-high crude oil prices with winter home heating oil bills jumping by about 28 percent and natural gas costs rising by 15 percent, the U.S. government said on Wednesday. ReutersAmerican consumers will feel the impact of record-high crude oil prices with winter home heating oil bills jumping by […]

Finding Oil Under Salt

“The easy oil has all been found. The next stage of exploration will be more complex,” says Gerchard Pfau, BP’s team leader of advanced imaging. “In the past, people could almost drill in random locations and find oil. Now we have to go to more complicated geological structures.”

Forbes

OPEC might consider cutting its crude production

Jakarta (Platts)–6Oct2004 OPEC might consider cutting its crude production ceiling if OECD oil stocks continue rising from the current levels of between 2.5- and 2.6-bil bbl to 2.7-bbl bbl in November 2004, which the cartel fears could put a bearish pressure on the market, acting OPEC secretary-general Maizar Rahman said Wednesday. OECD oil stocks have […]

The world has lost Iraq’s oil

DUBAI, United Arab Emirates Editorial on the Editorial: This is very surprising coming from what is known as the “McPaper”…becuase: 1) Acknowledgement of seemingly current Iraqi policy failure 2) Author’s recognition of supply (code for depletion) issue…”running on empty” 3) I thought Iraqi exports were currently around 1.8 mb/d, not the figures cited by this […]

From a little trickle to a mighty gush

BEIJING, Oct. 6 (Xinhuanet) — Daqing was nothing but a vast, wild prairie in 1959. Thousands of workers from all over the country moved to the area in Northeast China’s Heilongjiang Province only to find no roads, no houses, not enough lorries, incomplete drilling equipment, and a shortage of daily necessities, China Daily reported Thursday. […]

The Hydrogen Economy

By Alice Friedemann
September 2004

The energy literate scoff at perpetual motion, free energy, and cold fusion, but what about the hydrogen economy? Before we invest trillions of dollars, let

U.S. and France take different tack on oil conservation

PARIS The United States, land of gas-guzzling sport utility vehicles and air-conditioned McMansions, might do well to turn to the country Americans love to hate for lessons on how to curb its reliance on imported oil: France. . Now that oil is trading around $50 a barrel and the world is coming to expect relatively […]

Post-Carbon Institute Newsletter

Letter from Julian Darley High Noon Website New End of Suburbia Website Crude Tour with Sonia Shah New at Post Carbon Books Post Carbon Institute at Solfest Relocalization Platform Join Post Carbon Institute at The Green Festival Creating the Post Carbon City Peak Oil and Community Solutions Conference Getting Started on Relocalization ISSUE #3, October […]

First U.S. Conference on Peak Oil and Community Solutions

First U.S. Conference on YELLOW SPRINGS, Ohio

Sky-high fuel prices are here to stay

With oil prices having settled above $US50 a barrel for the first time ever, petroleum executives meeting here during the weekend say the industry won’t be able to bring on enough extra supply in time to significantly tame high prices, due to the long lead times needed to prepare new fields. Some industry observers say […]

Oil pumps slowly in Iraq

Frequent sabotage keeps revenue below expectations BAGHDAD – Iraq’s most valuable resource is going up in flames. Oil is supposed to bankroll reconstruction and provide 95 percent of government revenue. But even with record prices, annual revenue is less than one-third the $50 billion forecast by the Bush administration. The problems? A crumbling infrastructure created […]

Tight gas market seen for US heating season

From OGJ: “The capacity to produce electricity from natural gas has grown significantly. Meanwhile, we could be limited by the amount of new supplies. Year-to-date, we’re down on new production, and if we wind up with a positive 2004 number, it won’t be very big. We see that the Canadians are going through a similar […]

The ‘Peak Oil’ cult

The latest oil scare, gathering momentum over the last five years or so, is the “Peak Oil” movement. As the price of crude hit $50 a barrel, the idea that the world is on the brink of a major long-term confrontation with declining oil reserves is about to go mainstream. Peak oil theory is all over the media.

Canada National Post

FSRN Election Special: Part 1: Global Peak Oil Production

Representatives of the armed group that threatened to shut down oil installations in Nigeria

How Long Will the Oil Age Last?

Geologists say the end is nigh. New recovery tech may tell a different story.

By Kevin Kelleher | August 2004

Quick, how many years will it be before the world runs out of oil? Don’t know? Join the club. Actually, choose one of several clubs, each of which vehemently disagrees with the others on how much usable crude is left on the earth. The question is far from an academic exercise: This year oil hit a near record-high $40 a barrel, and Royal Dutch/Shell Group downgraded its reserves by 4.5 billion barrels.

Popular Science

China’s thirst for oil gets into top gear

China is not the biggest oil consumer in the world, that prize goes to America, nor is it the biggest importer – which is also the USA. What China outdoes the rest of the world at is the growth of its appetite. Ten years ago China imported no oil at all. Last year it overtook […]

The 2007 Peak Oil date explained

‘The real point is not so much the exact date of peak but the statement that the First Half of the Oil Age, which was characterised by growing production, is about to be followed by the Second Half when oil production is set to decline along with all that depends upon it.’ — Colin Campbell, […]

Pump Dreams

Although the Democratic and Republican energy plans differ widely, their underlying rationale is the same. In 2003, the United States consumed some twenty million barrels of oil a day, of which slightly more than half was imported from abroad, much of it from the Persian Gulf. By 2020, according to the Department of Energy, domestic […]

Abiotic Oil: Science or Politics?

Ugo Bardi is Professor of Chemistry at the University of Florence and the Laboratory for the Physical Chemistry of Surfaces. He also represents the Italian branch of the Association for the Study of Peak Oil and Gas. Ugo Bardi offers a simple assessment of the abiotic theory. His logic is so clear, and the culmination […]

Planet under pressure – BBC Online

BBC News Online’s Planet under Pressure series takes a detailed look at six areas where most experts agree that a crisis is brewing: Food: An estimated 1 in 6 people suffer from hunger and malnutrition while attempts to grow food are damaging swathes of productive land. Water: By 2025, two thirds of the world’s people […]

We Did it! – by Michael C. Ruppert

Latest News at FTW The G7 Admit They Have No Idea How Much Oil is Left and That Speculation is Not the Problem. FTW

How U.S. Oil Is Moving Into Iraq

From Rigzone: “While very few people were paying attention, ConocoPhillips has a chance to become the first U.S. company to do business in post Saddam Iraq. To be sure, the situation is tenuous, and speculative. But it is an ingenious ploy, that could well pay off in the intermediate future, and become a business model […]

Oil’s not well with the world

AS the finance ministers and central bank governors of the G-7 sat down to dinner in Washington on Friday night, meeting for the first time with their Chinese counterparts, the price of oil had just closed at its highest ever level, $US50.12 a barrel.

‘Oil prices remain high and are a risk,’ said a G-7 official. There was now ‘a recognition that oil was scarcer than was thought a few years ago’. These are ominous words for a G-7 official.

They even tend to corroborate the ‘alarmist’ view that the world is running out of oil and that high prices are here to stay — a structural phenomenon rather than a spike.

The Austrailian

Is the age of oil coming to an end?

With crude at US$50 a barrel and producers operating near maximum output, fears are widespread that the world is on the cusp of a major oil shock. In a four-part series beginning today, the National Post looks at what lies ahead for a world increasingly dependent on an increasingly scarce resource. EnergyBulletin.net

Large Utility Predicts Natural Gas Supply Crisis

San Diego-based Sempra Energy has a chilling view of the nation’s prospects for producing natural gas, the fuel used to heat a majority of U.S. homes and increasingly used to generate electricity. Within a decade and a half, Sempra says, North America’s gas production will soon fall dramatically. http://www.signonsandiego.com/news/business/20041003-9999-mz1b3sempra.html

Widescale Biodiesel Production from Algae

In the United States, oil is primarily used for transportation – roughly two-thirds of all oil use, in fact. So, developing an alternative means of powering our cars, trucks, and buses would go a long way towards weaning us, and the world, off of oil. While the so-called “hydrogen economy” receives a lot of attention […]

Has Production Peaked?

In his paper “Big Geology for Big Needs,” published in the February 1964 AAPG BULLETIN, A.I. Levorsen projected total United States oil demand of 22 million barrels per day in 2000, with U.S. oil supply of 14 million barrels per day (see figures, left). Levorsen’s demand number appears remarkably accurate, only slightly higher than current […]

Global Energy Market Reports

London Economics Press provides energy market briefings by country featuring comprehensive data on regional electric power generation, transmission, market operation, distribution, and supply.Global Energy Market Reports

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