Ukraine strikes Turkmen gas deal

Ukraine has agreed to pay 30% more for natural gas supplied by Turkmenistan. The deal was sealed three days after Turkmenistan cut off gas supplies in a price dispute that threatened the Ukrainian economy. Turkmenistan is the second-largest gas producer in the world.http://news.bbc.co.uk/1/hi/business/4143053.stm

Nanotechnology leads to discovery of super superconductors

Superconducting wires and tapes carry hundreds of times more electrical current than conventional copper wires with little or no electrical resistance. Superconducting technology is poised to bring substantial energy efficiencies to electrical power transmission systems in the United States.
http://www.azonano.com/news.asp?newsID=320

Saudi supply demanding attention

“If you read carefully, a totally different picture emerges than you get by listening to people who say they have 260 billion barrels of reserves and, conservatively, they’ll get 70 to 80 percent recovery,” Simmons said, “which no else in the world has ever done.

“I think they’re on the last legs of easily recoverable oil, and they’ll end up with 35 to 45 percent recovery of original oil in place, just like the performance of other carbonate reservoirs,” he said.

American Association of Petroleum Geologists

Peak Aluminum?

Aluminum is refined from bauxite using electricity. Lots of it.

Dec. 8 (Bloomberg) — Global aluminum prices may rise after China, the world’s biggest producer of the lightweight metal, said it will curb output to try to prevent a repeat of power shortages next year.

[more]

Review of 1991 Kuwait Oil Fields Suggests Production Capacity Increases Possible

A report from 1991 outlining the damage done to the Kuwait oilfields following the Gulf War. The report estimates that 4-6 Mbl/day were burning out of uncapped wells, suggesting that Kuwaiti production capacity could be expanded beyond the current 2 Mbl/day.http://www.fas.org/irp/gulf/cia/960702/70076_01.htm

GM To Revive Large Vans

Detroit News writes that General Motors wants to revive the full-size vans popular in the 70’s and 80’s.

The Prosperous Way Down

Many assume that the only way down is to crash and restart. But many systems program orderly descent and decession that is followed later by growth and succession again. The following are changes that accompany descent. Either we adapt with deliberate process or have these changes forced on us with damaging repercussions. Although we can’t […]

World Population, Agriculture, and Malnutrition

Entering the new millennium, stark contrasts are apparent between the availability of natural resources and the demands of billions of humans who require them for their survival. According to the Population Reference Bureau, each day almost a quarter-million people are added to the roughly 6.4 billion who already exist. Yet the stocks of natural resources […]

Using Kites To Harvest The Wind

Interesting article in The Scotsman about possibly using miles-long kite strings rather than wind turbines to harvest wind energy. Such kites would take advantage of winds at 30,000 feet and higher, which are 20 times as powerful as those at sea level.

All out war on Iraqi oil

BAGHDAD (AFP) – Iraqi insurgents are waging an all-out war on the country’s vital oil industry which has lost nearly eight billion dollars in revenue since last year’s US-led invasion, Oil Minister Thamer Ghadban said. “We want to tell the Iraqi people that there is an all-out war against the country’s oil infrastructure,” Ghadban told […]

China buys wind turbines.

”China has a huge demand for electrical energy, and wind power plants can be established quickly, which is a big advantage compared to other energy sources”, says Svend Sigaard, President and CEO of Vestas Wind Systems A/S and continues: “Wind energy is expected to play an increasing role in the general energy supply – also […]

Hostage to oil

World supply is so precious that more price spikes are inevitable If you gasped at the spiraling price of gasoline last year, your dismay might have been still more acute if the true cost had also been posted on the pump. http://www.usnews.com/usnews/issue/050110/biztech/10oil.htm

Concern over world’s oil supply fuels discussion over alternatives, technology

Enjoy the ride up “Hubbert’s peak.”

The descent might not be so fun.

BH

Firewood offers savings over heating oil

Peter Lammert of the Maine Forest Service said homeowners can cut their bills even more by buying green wood, which is less expensive than seasoned wood, in the spring and having it dry out in their yards. They can save even more by buying tree-length pieces of wood and cutting it and splitting it themselves. […]

Firewood Sales Up As Oil Prices Rise

PORTLAND, Maine – Firewood sales — and prices — are rising in New England and parts of the West this winter, fueled by increasingly expensive oil and kerosene. The strong demand has pushed prices to their highest levels ever, said Peter Lammert, a forester with the Maine Forest Service. http://news.yahoo.com/news?tmpl=story&u=/ap/20050101/ap_on_re_us/firewood_demand_4 tdrive: I can almost see […]

Oman adopts 2005 budget with projected 1.4-billion-dollar oil deficit

MUSCAT, Oman (AFP) – Oman, faced with declining oil output, has adopted a budget for 2005 that foresees a deficit of 540 million riyals (1.4 billion dollars), the state ONA news agency said. Mekki said last month that the Gulf sultanate, which has been battling to halt a drop in oil production, is estimating a […]

Number of US Oil, Gas Rigs Drops 14

HOUSTON – The number of rigs actively exploring for oil and natural gas in the United States was down by 14 this week to 1,243. Of the rigs running nationwide, 1,058 were exploring for gas, 183 were looking for oil and two were listed as miscellaneous, Houston-based Baker Hughes Inc. reported Thursday. A year ago, […]

High oil prices spur little conservation

While soaring oil prices in the 1970s prompted major advances in the nation’s energy efficiency, this year’s surge in fuel costs has so far not sparked a new wave of conservation. Economists, energy analysts and efficiency gurus say they expected petroleum demand growth to slow in 2004, given that total spending will rise by about […]

Average oil prices to be high in the longer term

NEW YORK, December 30 (newratings.com) – Analysts at Raymond James believe that the average global oil prices would be high in the longer term, despite the expected near-term weakness.

newratings

Sign of Future Trends

Oil industry officials say up to 100,000 bpd of Nigeria’s crude is siphoned off by criminal gangs who use the proceeds to fuel ethnic warfare in the Delta.

ABC

Each Crude Oil Futures Contract Returned $38,000 From 9/11 to October 2004

If one had bought one crude oil futures contract in November 2001, right after 9/11, and held until October 2004, just before this past election, one would have realized a profit of over $38,000. But with margin requirements of only $3500 per contract, one would have invested only $3500 for each contract. An unbelievable return […]

Richard Heinberg at Peak Oil Conference in Santa Barbara

27 November 2004
Richard Heinberg & oil

In Brief: Speaking briefly about Cuba’s response to the loss of Soviet Oil and delivers a presentation on Peak Oil and other threats to industrial society, the universal ecological dilemma, and coordinated and cooperative responses to our predicament.

GPM

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