Peak Oil is You
Donate Bitcoins ;-) or Paypal :-)
News from January 2005
China casts big shadow over talks at Davos
Coal Shortages Expected to Come to the Fore
The State Reform and Development Commission (SRDC) expects coal shortages to take the place of electricity shortages this year as the biggest challenge to China’s economy.
The commission’s deputy secretary-general, Cao Yushu, said at a regular news conference in Beijing on Thursday, “China faces overall power shortages of coal, oil and electricity, of which coal shortages will be the first concern.”
OPEC expected to keep oil production steady at Vienna meeting.
OPEC ministers meet this weekend in Vienna with crude oil prices stubbornly high and analysts discounting the possibility that the powerful 11-nation cartel will cut production.
The meeting on Sunday is on the same day Iraqis go to the polls in historic, and possibly bloody elections, but an Organisation of Petroleum Exporting Countries’ source said the dates were a coincidence and no sort of political statement, even if the Iraqi minister has said he will not be coming to Vienna.
Car goes like a rocket, gets double the fuel economy
With engineering students at the University of California at Davis, Professor Frank has spent more than a decade turning production vehicles into plug-in hybrids using off-the-shelf parts. “We just built a high-performance plug-in hybrid Ford Explorer,” he says. “It’s 325 horsepower — 200 of that horsepower is electric and 125 is gasoline. This car goes […]
Natural Gas Pipeline project with Pakistan, India, Iran on
Given the average 7 pct economic growth rate in both countries, Aziz said Pakistan’s offer of “an energy corridor through Pakistan to India” is justified by the increasing needs of both countries for imported energy. A third of the gas would serve Pakistan and the rest would go to India.
The End of the World, Suburbia Style
Snow blowers blew out of Home Depot faster than the store could say “25 percent off.”
And the grocery store was 100 times worse.
What is it about snow that compels people to stock up on gallons and gallons of bottled water, milk and dozens of eggs? Do they think the grocery store is going to be closed for a month after the snow is cleared?
2005 Energy Market Outlook:
2005 Energy Market Outlook: Could The Ride Be Wilder Than 2004?
Civilisation, Primitivism and anarchism
Most primitivists evade the question of what level of technology they wish to return to by hiding behind the claim that they are not arguing for a return to anything, on the contrary they want to go forward. With that in mind a reasonable summary of their position is that certain technologies are acceptable up to the level of small village society sustained by hunting and gathering. The problems for primitivists start with the development of agriculture and mass society.
Unquenchable Demand For Oil
As you look to the future in an uncertain world, ask yourself some key questions. In five years will we have higher inflation than today? That’s always a tough question, but perhaps the succeeding questions will help shed some light. Will the price of oil be higher in five years? Given the volatile combination of […]
North Sea oil output boost
Oil and gas output, originally forecast to fall 14% from last year’s 3.8m barrels a day, is now set to drop by only around 7% – the first positive revision since 2000.
Production in the region is declining as mature fields run dry, but a host of international and UK start-up firms have begun exploration projects under Government incentives.
Why Neocons Are Turning Green
Suddenly, neoconservatives — for instance, the guys behind the invasion of Iraq at the Project for the New American Century — are turning Green. The reason, amazingly enough, is that dependence on petroleum puts money in the hands of middle eastern theocrats bearing grudges against the West. Robert Bryce reports in Slate.
Study Bolsters Greenhouse Effect
Ohio State University researchers have solved an inconsistency that has puzzled climatologists for years: how can CO2 levels have been so high during the Ordovician period, a time noted for its ice age? The answer is, it wasn’t: the ice formed ten million years earlier, before volcanic activity caused a global warming.
Markets & Data Suggest That US Econ Recovery Is Artificial
The stock market performance during the current economic recovery is the worst on record, at least for the past 134 years and most likely worst ever. Poor stock market performance during a recovery has been indicative of poor or short-lived recoveries. The stock market fully supports the Employment and Income data that make the current […]
Shell Exec: We Need to Shift from Oil
January 26, 2005
Shell Exec: We Need to Shift from Oil
Reuters. Lord Oxburgh, the chairman of the Royal Dutch/Shell Group in Britain, said at a Greenpeace conference this week that governments should push society towards a world less dependent on fossil fuel given the potentially “disastrous†consequences of climate change.
Where Have All the Children Gone?
The question of why fertility has been falling so dramatically in continental Europe has been food for thought for both demographers and economists. The answer must be looked for in several important factors, which, to further complicate matters, do not simply add up in their impact.
Crude oil prices near $49 US a barrel, still about 40% above year-ago level
Crude oil futures prices fell Wednesday but remained roughly 40 per cent higher than a year ago, trading near $49 a barrel as traders weighed continued supply concerns, high demand from China’s booming economy and speculation over a coming OPEC decision on output.
In its weekly petroleum supply report, the U.S. Energy Department said Wednesday that supplies of crude oil grew last week by 3.4 million barrels to 295.6 million barrels, or nine per cent above year-ago levels.
RUSSIAN COMPANIES CAN TAKE PART IN SYRIAN OIL AND GAS PROJECTS
Russian companies can participate in some Syrian pipeline and oil- and gas-production projects, said the public relations center of the Russian Industrial and Energy Ministry.
On Wednesday Minister Victor Khristenko and Ibrahim Haddad, Oil and Mineral Resources Minister of the Syrian Arab Republic, had a discussion of topical matters of bilateral cooperation in the energy sphere.
Oil firms fund climate change ‘denial’
Lobby groups funded by the US oil industry are targeting Britain in a bid to play down the threat of climate change and derail action to cut greenhouse gas emissions, leading scientists have warned.
Bob May, president of the Royal Society, says that “a lobby of professional sceptics who opposed action to tackle climate change” is turning its attention to Britain because of its high profile in the debate.
US teeters on explosive line in the sand
Modern-day maps of the Middle East, North Africa and South Asia reflect a pattern and a principle ingrained in the foreign policies of major European, and now American, powers – the existence of numerous sovereign Muslim countries.
While wars and invasions against Muslim states by outside powers have taken place in the 20th and the beginning of the 21st century, none of such major military and political moves in the last several decades sought to redraw boundaries or radically change the modern map of the Islamic world.
Oil supply to meet global demand for decades to come: OPEC
He said that the rapid rise in crude oil prices was a result of an exceptional combination of factors, in particular, the unanticipated demand surge in Asia and the United States, refining and distribution industry bottlenecks, temporary supply disruptionsas well as geopolitical tensions.
“Consistent with its key objective of maintaining market stability, OPEC responded to the surge in oil demand and rapid price escalation in 2004 by increasing its official production ceiling by a total of 3.5 million barrels a day,” he said.
It’s the Pipelines, Stupid
How to bring down a giant, one blood vessel at a time. By Alexander Zaitchik One of the biggest stories of 2004 was Peak Oil—the hardening consensus among analysts that global reserves of recoverable oil are half gone, and that output will soon begin a decline as drastic as last century’s growth was explosive. Even […]
Outsized US debt spells big trouble
By Adam Porter in Perpignan, France
Wednesday 26 January 2005, 19:00 Makka Time, 16:00 GMT
All these fiscal demands cut into US pockets. The result is an indebted US public is facing higher, not lower, costs of living. The higher costs of fuel, commodities and real estate means that in turn the Fed may well be forced to raise rates, and fast.
As Roach says, “a sharp increase in US interest rates spells game over for a now-over-extended US housing market. The asset economy has gone to excess, and it is high time to face the endgame, before it’s too late”.
A real pain in the gas: As snow halts deliveries, some service stations run out
By Jay Fitzgerald Thursday, January 27, 2005 Double-check the gas gauge before you go to the trouble of digging out your car. Some area gas stations reported yesterday they had run out of fuel or were running low due to delivery disruptions caused by this week’s double-whammy snowstorms. “I’m out,” said Howard Goldberg, who runs […]
Chavez shutting out U.S. oil companies
USA Petroleumworld.com 01 26 05 Venezuela’s left-wing government says it is negotiating new energy contracts with Iran, Russia and China to expand its oil export market. But some U.S. analysts say it could be a measure to squeeze U.S. energy companies. The New York Times reports U.S. energy firms with long-established ties to Venezuela’s oil […]
Energy-related blogs
With the issue of Peak Oil and Gas beginning to reach mainstream consciousness, an increasing number of people have started blogs with particular emphasis on energy, the environment and the effects of “growth”. Here’s a list of such blogs : Alternate Energy (alternate link) Energy Outlook Flying Talking Donkey Green Trust Investor’s Diary on Oil […]
Alarm at new climate warning
Global temperatures could rise by as much as eleven degrees Celsius, according to one of the largest climate prediction projects ever run.
The Beginning of the Oil End Game
If the actions – rather than the words – of the oil business’ major players provide the best gauge of how they see the future, then ponder the following. Crude oil prices have doubled since 2001, but oil companies have increased their budgets for exploring new oil fields by only a small fraction. Likewise, U.S. refineries are working close to capacity, yet no new refinery has been constructed since 1976. And oil tankers are fully booked, but outdated ships are being decommissioned faster than new ones are being built.
WSJ(1/27) Column: Oil, Oil, Everywhere…
The price of oil remains high only because the cost of oil remains so low. We remain dependent on oil from the Mideast not because the planet is running out of buried hydrocarbons, but because extracting oil from the deserts of the Persian Gulf is so easy and cheap that it’s risky to invest capital […]
Saudi Arabia’s Ghawar Field
Among the many prolific oil fields in the Middle East, the giant Ghawar field in Saudi Arabia stands out as the crown jewel. Discovered in 1948, Ghawar is the world’s biggest oil field, stretching 174 miles in length and 16 miles across to encompass 1.3 million acres. Current estimates, according to the numerous published articles […]
Can the Status Quo Be Maintained?
Saudi Supply Demanding Attention By LOUISE S. DURHAM EXPLORER Correspondent There’s enough rhetoric — much of it conflicting — about oil supply/demand these days to prompt even the hardiest observer to reach for the aspirin bottle. For instance: Global demand continues unabated vs. prices cooling China demand; OPEC can produce however much oil needed vs. […]
Oil News Categories
Recent Board Topics
Archive
LATEST NEWS HEADLINES
- Why the IEA is Wrong About Peak Oil Demand
- Did we inadvertently speed global warming?
- Venezuela’s Oil Monopoly Eases
- Why Germany is Choosing Natural Gas Over Nuclear Power
- U.S. coal-fired electricity generation decreased in 2022 and 2023
- America Cracks Down on Methane Emissions from Oil and Gas Facilities
- Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
- Is It Time To Refill America’s Strategic Petroleum Reserve?
- Oil prices set to end year 10% lower as demand concerns snap winning streak
- What’s Driving America’s New Oil and Gas Boom?
- China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy
Member Comments
- on Oil Supply Flatness Continues
- on Indonesia bans coal exports in January
- on The Global Energy Transition Has A $22 Trillion Problem
- on New China-Russia Gas Pact Is No Big Deal
- on USA EIA Cuts 2023 Oil Price Forecasts
- on USA EIA Cuts 2023 Oil Price Forecasts
- on Kunstler: Oh Say Can You See?
- on Kunstler: Oh Say Can You See?
- on Kunstler: Oh Say Can You See?
- on Kunstler: Oh Say Can You See?
- on Kunstler: Oh Say Can You See?
- on Bretton Woods III : Zoltan Pozsar & Yra Harris
- on When Will Oil Demand Peak?
- on What’s Driving America’s New Oil and Gas Boom?
- on How High Oil Prices Lead to Recession
- on Beef-eating ‘must fall drastically’ as world population grows
- on Urban Futures: In Conversation with James Howard Kunstler
- on Urban Futures: In Conversation with James Howard Kunstler
- on Why Germany is Choosing Natural Gas Over Nuclear Power
- on Why Can’t The UK Use North Sea Oil?
PO Real Time
No tweets available