At Least 6 Dead as Nigerians Clash with Oil Company

At least six people have died in clashes with security personnel after forcing their way into the structure belonging to the multinational company ‘Chevron Texaco’ in Escravos near the city of Warri in the oil-rich Niger Delta area, local news sources have said. us.oneworld.net

Japan wakes up

Japan wakes up

Professor Isshi, who has been working hard to raise awareness of Peak Oil in Japan, after attending the ASPO workshops, writes:

The leading Japanese newspaper, the Asahi Shimbun, at last reported “Oil Peak”, on 16th Sunday, on its top page. I think the article was big enough to give strong impressions to Japanese society. In addition to this, the Asahi had a large article alerting the modern wasteful civilization with a title “ Good Bye Wasteful Society”, which is to appear periodically on Sundays. The reporter named I.Tanaka, an economist, has been occasionally asking me for advice on the issues of Oil Peak, Energy and Environment. I think this is a big breakthrough for Japanese Society, considering the status of the Asahi Shimbun in Japan, the most prestigious and second biggest newspaper. So, I think this monumental.

ASPO

Extended Text:

Chinese premier’s visit may pave way for energy tie-up

India and China are likely to sign a framework agreement on co-operation in the energy sector during the visit of Chinese Prime Minister Wen Jiabao to India in March. He will be accompanied by a large delegation of oil majors. Petroleum minister Mani Shankar Aiyar will also meet officials of Chinese oil companies urging them […]

Indian ambitions in the pipeline

India is embarking on a concerted “pipeline diplomacy” to meet its growing energy demands, an effort that could bring about a major shift in the oil economy of Asia. When Indian officials sit down with Iranian, Bangladesh and Burmese oil ministry counterparts in the coming days, the negotiations are expected to be long and tortuous […]

G7 calls for oil information

The Group of Seven industrialized nations called on oil-producing nations and companies to lift the veil of secrecy surrounding output and reserves, aiming to keep a lid on prices and open new sources of supply.

“Transparency and data is key to the smooth operation of markets,” G7 finance ministers said in a statement after two days of talks ended on Saturday. The ministers said their aim was to ensure “energy security” and “a climate conducive to investment” in the industry.

Chain View

Built Green cites Peak Oil

“Built Green Colorado” has posted an introductory article on Peak Oil on their website.

more

As Green as a Neocon: Why Iraq hawks are driving Priuses

President Bush has a simple policy about energy: produce more of it. The former oilman has packed his administration with veterans of the oil and coal industries. And for most of the first Bush term, his energy policy and his foreign policy were joined at the hip. Since the Bush administration believed that controlling the flow of oil from the Persian Gulf was critically important to the American economy, the invasion of Iraq seemed to serve both the president’s energy goals and his foreign policy ones.

Slate

Brazil and Japan Link Up in Biofuel Pact

Brazil’s Ministry of Agriculture, Livestock, and Supply and the Japan Bank for International Cooperation (JBIC) are developing a bilateral program to increase the production of ethanol and biodiesel in Brazil and its supply to the Japanese market. Beginning later this spring, Japanese and Brazilian technicians will create a detailed profile of Brazil’s agro energy sources […]

Will We All Walk to Wal-mart When Gas is Too Expensive?

the post-peak-oil production world of tomorrow will see all regions of the U.S. concerned with local government and production. Why? Sprawlburbia is totally dependent on cheap oil.

Kunstler makes a case for this futurescape’s resemblance to a 19th century American town, with local food grown in outlying areas and backyards, and the general collapse of the Walmart/big box/suburban economy.

Blue Oregon

Russia Ends De Facto Dollar Peg and Moves to Align Rouble with Euro

Russia said yesterday it had abandoned efforts to tie the rouble’s movement closely to the dollar and switched to shadowing both the euro and the US currency. The move heightened expectations that other countries operating de facto dollar pegs, such as China, could follow suit. With 81 per cent of Russia’s oil exports currently sold […]

Finance Ministers Want Oil-Producing Nations to Disclose Reserves, Output

Feb. 5 (Bloomberg) — The Group of Seven industrial nations called on oil-producing nations and companies to lift the secrecy surrounding output and reserves, aiming to keep a lid on prices and open new sources of supply. “Transparency and data is key to the smooth operation of markets,” G-7 finance ministers said in a statement […]

Peak in Global Oil Production

I do not understand why anyone can believe that global oil production will not peak (‘Peak Oil’) for another 10 years — never mind 30 years. And yet, so many do. I would like to call such people ‘theorists’, because they are not basing their opinions on facts and current trends. On the contrary, they […]

Big independents weigh in

With oil and gas prices at unprecedented levels, the good times continue to roll for U.S.-based exploration and production companies, including major independents Unocal, Burlington Resources, Anadarko Petroleum, Apache, Kerr-McGee and Devon Energy.

Petroleum News

Update 1: Japan Airlines Posts $36M Loss

Japan Airlines Corp., the nation’s biggest carrier, said Friday that it lost about $36 million for its third fiscal quarter as surging fuel prices offset revenue gains. It also placed a fresh order for 30 Boeing Co. jets, following a purchase announced late last year. Asia’s top carrier, known as JAL, booked a group net […]

British Airways Blames Fuel for Profit Dip

British Airways PLC said Friday that high fuel costs contributed to a 41 percent drop in third-quarter earnings, but added that passenger numbers rose 4.3 percent last month. BA said net profit in the three months ending Dec. 31 fell to 49 million pounds (US$92 million; euro71 million) from 83 million pounds in the same […]

If China Shuns Dollar, Look Out U.S. Bonds

Jan. 28 (Bloomberg) — Malaysia isn’t a place traders look for clues about the U.S. dollar, yet Asia’s No. 10 economy may be offering some ominous ones. They can be found in a recent report on international reserve holdings at Bank Negara Malaysia, the nation’s central bank. It states that Malaysia made a $2.1 billion […]

Pemex Wants $9 Billion to Fix Pipes, Oil Spills Continue

MEXICO: February 1, 2005

MEXICO CITY – Mexican state oil monopoly Pemex Monday confirmed an oil spill in Veracruz state — it’s fifth spill of oil or fuel in four months — as energy authorities said $9 billion was needed to fix the country’s old and rusting pipeline network.

Planet Ark

Hydrogen Fuel Cell Powered Boat to Circle Globe

Greetings Hydrogen Fuel Cell enthusiasts,

I am posting on behalf of a recently established project called The Hydrogen Expedition (T.H.E). T.H.E will be the first circumnavigation on the globe in a hydrogen fuel cell powered boat and, at just under 24 ft., will also set the Word Record for the smallest power boat to make the voyage. The Expedition promises to be one of tremendous worldwide appeal, demonstrating conclusively that hydrogen can be manipulated into the fuel source of the future.

The project is being organized and executed by a small group of University of Pennsylvania students though numerous prestigious professionals are serving as consultants. In its short life, T.H.E has already generated significant media attention and has been featured in The Boston Globe, The Rocky Mountain News and the Daily Pennsylvanian Newspaper among others. As interested members of the hydrogen community, we welcome your comments/ideas.

Please check out the website at .
www.thehydrogenexpedition.com

Venezuela, Russia Seek More From Oil Companies as Prices Soar

Consumers expect producing nations to “give oil away,” Venezuelan President Hugo Chavez said on Oct. 10. He made the comment in Caracas during his weekly television and radio program, “Alo, Presidente,” as benchmark futures rallied toward a record $55.67 a barrel. BloombergVenezuela, Russia Seek More From Oil Companies as Prices Soar Feb. 4 (Bloomberg) — […]

Greenspan Sees Improving Trade Deficit

Federal Reserve Chairman Alan Greenspan said Friday that a variety of factors from a weaker dollar to tougher budget discipline in Congress may finally start to restrain the explosive growth in the U.S. trade deficit. Greenspan, however, cautioned that the global economy is essentially in uncharted waters given the unprecedented level of economic interaction between […]

OPEC oil output drops gradually in January

BEIJING, Feb. 4 — Crude-oil production by the Organization of Petroleum Exporting Countries (OPEC) fell 1.2 per cent in January, led by declines in Iraq and Saudi Arabia, a Bloomberg survey showed. Daily production by all 11 OPEC members fell 370,000 barrels to an average of 29.44 million barrels, according to the survey of oil […]

OPEC Ready to Act Fast on Oil Stock Build

The Organization of Petroleum Exporting Countries is ready to act fast to cut crude supplies if oil inventories build too much in the second quarter, Qatar’s Oil Minister Abdullah bin Hamad al-Attiyah said Thursday. “We don’t want to see a collapse in (oil) prices,” he told Dow Jones Newswires in an interview. “When we feel […]

Rice: Attack On Iraq? Not Yet

“[An attack on Iran] is simply not on the agenda at this point,” Condoleeza Rice said yesterday. Well, at least she’s honest, though CNN’s headline doesn’t help the confusion by emphasizing the “not on the agenda” part — a likely fraud if ever there was one.

Weather – Peak Oil Style

AND NOW AN ARTICLE ABOUT GLOBAL WARMING. HTTP://WWW.NEWSCIENTIST.COM/ARTICLE.NS?ID=DN6964 IN THIS ARTICLE SOME SCIENTISTS PROJECT HOW MUCH WE WILL HAVE TO CUT CARBON DIOXIDE EMISSIONS IN ORDER TO KEEP (COMPUTER PROJECTED) INCREASES IN TEMPERATURE IN CHECK. THEY CLAIM WE WILL NEED TO AT LEAST CUT OUR EMISSIONS IN HALF BY 2050. WELL, THAT SHOULSN’T BE MUCH OF A PROBLEM IF YOU LISTEN TO A GROWING VOICE OF GEOLOGISTS AND OIL BUSINESS INVESTORS. THEY EXPECT OUR OIL SUPPLIES TO BE CUT IN HALF BEFORE 2015. JUST DO A SEARCH ON “PEAK OIL”, “HUBBERT’S PEAK”, OR “T. BOONE PICKENS” AND YOU WILL FIND NOT ONLY SPECULATION ABOUT THE FUTURE OF OIL, BUT A REPOSITORY OF CURRENT ARTICLES ABOUT WORLD OIL PRODUCTION. OF COURSE THERE ARE OTHERS WHO SPECULATE THAT THERE IS A LOT MORE OIL OUT THERE TO FIND, AND MAYBE EVEN THAT THE EARTH PRODUCES COMPLEX HYDROCARBONS IN ITS MANTLE. IN ANY CASE, I THINK IT IS TIME THE CLIMATE SCIENTISTS STARTED CONSIDERING THE POSSIBILITY OF LESS OIL USAGE IN THEIR LONG RANGE COMPUTER MODELS.

WAOW Weather

Where now for the oil industry?

Judging by recent results from energy giants, oil really can be called black gold again. However, experts say it won’t all be plain sailing for the oil giants in 2005, as geopolitical influences shift. www.bbc.co.uk

Antarctic ice sheet is an ‘awakened giant’

The massive west Antarctic ice sheet, previously assumed to be stable, is starting to collapse, scientists warned on Tuesday.

Antarctica contains more than 90% of the world’s ice, and the loss of any significant part of it would cause a substantial sea level rise. Scientists used to view Antarctica as a “slumbering giant”, said Chris Rapley, from the British Antarctic Survey, but now he sees it as an “awakened giant”.

NS

Demonizing Iran: Another US salvo

In his State of the Union address, US President George W Bush once again demonized Iran as “the world’s primary state sponsor of terror”, accusing it of pursuing nuclear weapons, abusing human rights and being led by a few unelected leaders. He also had a message for the Iranian people, “As you stand for your […]

Oil Falls to 3-Week Low After U.S. Gasoline Stockpiles Increase

Crude oil futures fell to a three-week low after a report showed U.S. gasoline supplies unexpectedly jumped last week and forecasts of mild weather eased concerns that winter heating supplies would fall short of demand. Gasoline inventories rose for the 10th week in 11, and on Jan. 28 were 5 percent higher than a year […]

Greenhouse gas turning oceans acid, scientists warn

Gigantic changes to the world’s oceans, leading to the complete disappearance of marine life from cod to coral reefs, are now threatened by the main greenhouse gas causing global warming, British scientists warned yesterday. Researchers sounded the alarm about a completely new and potentially devastating danger to the world from the huge volumes of carbon […]

Are wind farms the answer to Scotland’s energy needs?

‘Their electricity is next to useless – and they hurt rather than help the environment.’ GOODBYE Bonnie Scotland, bring on the Electric Munros. Should Scotland be building so many wind farms to generate electricity? That is the question. The answer is an emphatic no, because they can achieve neither of the main claims that their […]

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