Oil price swings shatter market myths

Only a few days passed between record highs at $56 a barrel and the post-election prices of around $48.50. One would think that there had been the removal of at least part of the “terror premium”. Aljazeera.netThere is no let-up in attacks on pipelines carrying Iraq’s oil. But as the oil price began its most […]

Russian Approval of Kyoto pact brings new challenges

Russian President Vladimir Putin’s signing of a bill confirming his nation’s ratification of the Kyoto Protocol marks an important step in the global fight against the warming of the Earth. However, the latest development may well be regarded as limited progress in that the list of participants in the pact does not include the United […]

International Energy Agency accepts Peak Oil

An analysis of Chapter 3 of the World Energy Outlook 2004

Kjell Aleklett, professor in Physics
Uppsala Hydrocarbon Depletion Study Group, Uppsala University, Sweden

ASPO

Great Meet Up GroupConnector

Better than just another news story for us invisable oil peaker’s IMHO.

Enjoy, dw

I just found a peak oil meet up group in the Detroit area with this free resouce. Here’s what I found for myself and signed in just now. Detroit Oil Awareness Meetup

This connection link has many other topics and locations in case you’re interested. Check it out ASAP.
Meetup.com

Ostriches With Heads In The Sand!

What seems finally to have set the alarm bells ringing is the “retirement” from national oil company Saudi Aramco of Sadad l Husseini and his decision to signal at Oil & Money the fragility of Saudi Arabia’s position — exactly the kind of message that the US-supported regime does not want the world to hear. That Simmons has been flagging it in detail seemed to count for nothing — until now.

This is North Scotland

China’s crude oil output to peak at 200 million tonnes in 2015

China’s crude oil output will peak at 200 million tonnes annually in a decade, but even that will be far from enough to cover the country’s voracious energy needs, state media said.

CNA

OPEC Inches Nearer To Peak Oil Output -MEES

(Dow Jones)–OPEC’s 10 active members produced 27.79 mln b/d in Oct, up just
40,000 b/d from Sep, down 275,000 b/d from Aug, likely showing group near
production capacity, Middle East Economic Survey says in report. Iraq output
separately at seven-month high of 2.4 mln b/d. OPEC, which raised official
output target starting Nov to 27 mln b/d from 26 mln b/d, due to meet in Cairo

The International Oil Fund: A Credible U.S. and International Oil Policy

“As an alternative to the Bush agenda, we can manage our demand for oil through responsible leadership, establishing consensus on the world’s demand, and collaborative efforts among producers and consumers to meet that demand.” MediaMonitors

Dollar Expected to Fall Amid China’s Rumoured Selling

The dollar could slide still further, in spite of hitting an all-time low against the euro last week in the wake of George W. Bush’s re-election, currency traders have said. The dollar sell-off has resumed amid fears among traders that Mr Bush’s victory will bring four more years of widening US budget and current account […]

Hello: You Are Now Living In A Fascist Empire.

As citizens living in the belly of the beast, we must not only think about how to defeat the empire, but also how to merely survive living within it. In order to do so, one must understand the concept of Peak Oil—one of the principal reasons for the 9-11 attacks. Peak Oil is simply that […]

Peak Oil article in the New Zealand Listener

http://www.listener.co.nz/default,2878.sm

UK PRESS: World Oil Output To Peak Next Decade – BP Executive

LONDON -(Dow Jones)- A senior executive at BP PLC (BP) thinks world oil production will peak in the next decade, earlier than most other forecasts, the Business reported Sunday. UK PRESS: World Oil Output To Peak Next Decade – BP Executive LONDON -(Dow Jones)- A senior executive at BP PLC (BP) thinks world oil production […]

Politics Cloud Mexico’s Promises

One of the most important races in the world is taking place right now in Mexico. It’s a race against time. In August, a good news/bad news report came from Luis Ramirez Corzo, director-general of exploration and production for Petroleros Mexicanos (Pemex).The good news: A nitrogen-injection program has helped delay the decline of Cantarell, Mexico’s […]

$80 Oil, Here We Come!!!

In January of this year, I put together an article that appeared in the February issue that laid out the case for and against $50 oil. While the arguments against $50 oil have been thoroughly discredited, most market observers still do not understand that the price of oil will continue to head much higher. In […]

Population boom set to stabilise at 9bn by 2300

Fears that the human race may drive itself to extinction through over-population are challenged by new United Nations figures suggesting an eventual equilibrium as people in poorer countries come to understand the need for smaller families. …But the report, issued by the UN’s population division, gives warning that even slight variations – “as little as […]

Iran wants China to replace Japan as top oil importer

Iran wants China to replace Japan as its biggest importer of oil and gas, Iranian Oil Minister Bijan Namdar Zanganeh was reported as saying here.

“Japan is our number one energy importer due to historical reasons … but we would like to give preference to exports to China,”

CNA

OPEC daily output rises to 30.61m

“OPEC is producing a tremendous amount of oil,” said Rick Mueller, an analyst with Energy Security Analysis Inc in Wakefield, Massachusetts. “I think they are close to their peak and won’t be increasing production by much more in the months ahead.”

www.tehrantimes.com/Description.asp?Da=11/6/2004&Cat=9&Num=10

Sonia Shah speaks about Crude: The Story of Oil

Expert on oil, Sonia Shah speaks about her new book Crude: The Story of Oil (Seven Stories Press, October 2004). In Crude, author and independent journalist Sonia Shah presents the first concise history of this, the world’s most coveted and contentious mineral. But this portrait of the fuel that defined an age is shot through […]

Danish Wind Turbines Take Unfortunate Turn

The world’s largest producer of wind turbines, and the whole idea of large-scale wind energy itself, suffered a setback this summer with news that all the turbines at Denmark’s Horns Rev (Reef)—the biggest offshore wind farm built to date—would be moved to shore for repair and replacement of defective transformers and generators. The original article […]

Fahrenheit Gold and Oil – Carving Up the Spoils of Iraq

Carving up the spoils from the Iraq war were initiated back in the spring of 2001 when the Cheney Task Force on Energy met with the leaders of the corporate oil world. Inside the meeting room the executives passed around a map of Iraq but unlike most maps we have seen, this one was devoid […]

Oil And Your Family Pocketbook

Oil has baited working families into a trap. See how it impacts your household in family issues, economy and finances. Crude oil over $30/barrel invites more turmoil. Go to SQNews.com for new series starting Nov. 5 on the loss of cheap oil and how its cost affects our daily existence. (PRWEB) November 4, 2004 — […]

world economy faltering if oil prices stay high

OTTAWA (CP) – World economic growth will weaken next year if oil prices remain at record-high levels far into next year, the Conference Board of Canada says in its latest outlook report.http://news.yahoo.com/news?tmpl=story&u=/cpress/20041105/ca_pr_on_bu/oil_economy_1

Bush plans could mean cheaper fuel

In a second term, lobbyists and public policy veterans expect him to do even more for renewable fuels such as ethanol, reshape fuel-economy regulations in ways that could require even better mileage, and push a Republican Congress to pass an energy bill with generous tax credits for people who buy especially fuel-efficient vehicles.http://news.yahoo.com/news?tmpl=story&u=/usatoday/20041105/bs_usatoday/bushplanscouldmeancheaperfuel

US, Israel plan attack on Iran

Inside Track / The fire next time
By Amir Oren

Bush’s re-election will spark American preparations for an operation, perhaps together with Israel, against Tehran’s nuclear program.

Haaretz

Wyoming expects energy push

“John Kerry would have been up against the same things that George Bush is up against,” Bower said. “We have increasing energy demands and limited supplies on line. We’ve got tremendous amounts of natural gas. We just have to be able to put them on line.”http://www.casperstartribune.net/articles/2004/11/05/news/wyoming/b1276025766f600387256f430007d5be.txt

Be Careful For What You Wish by Dr. Richard S. Appel

Many investors and traders that have a keen desire for higher gold complex prices, believe that it will be wonderful when gold finally breaks free from the shackles that have long restrained it, and soars wildly higher in price. …far fewer[investors] have any understanding of the consequences to our great nation and its citizenry, themselves included, that will result if these underlying driving forces truly play out, and propel the eternal metal to the untold heights that they believe are its fate.

financialinshights.org

The End Is Near By Kurt Vonnegut

… we are presently touching off nearly the very last whiffs and drops and chunks of [fossil fuels]. All lights are about to go out. No more electricity. All forms of transportation are about to stop, and the planet Earth will soon have a crust of skulls and bones and dead machinery. inthesetimes.comAnd nobody can […]

Oil prices tipped to decline as output lifts

Production rose 0.5 per cent from September to 30.61 million barrels a day, according to the survey of oil companies, producers and analysts. It was OPEC’s highest output since November 1979, US Energy Department figures show.

“Everyone who has oil has been pumping at maximum and that will produce lower prices,” said John Caiazzo, president of commodity brokerage Acuvest in Temecula, California.

“Oil belongs at $US30 to $US35 per barrel.”

SMH

Chancellor Schroder peddles petroeuros

Schroder and several other EU politicians are also working behind the scenes to convince Russian President Vladimir Putin to denominate Russian crude oil and natural gas in euros. Currently, countries and companies can only buy oil if they have dollars. That means that non-oil producing countries first have to sell their goods to earn dollars […]

Kazakh Parliament approves energy bill

ASTANA, Kazakhstan (AP) — Kazakhstan’s parliament on Friday approved a bill giving the government priority in buying stakes in energy projects put up for sale in the oil-rich nation. Foreign investors currently dominate the Central Asian country’s oil and gas sector. The Kashagan field, which lies beneath the northern part of the Caspian sea and […]

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