Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)


News from February 2005

Spray-on solar power cells a true breakthrough

Spray-on solar power cells a true breakthrough thumbnail

Scientists have invented a plastic solar cell that can turn the sun’s power into electrical energy, even on a cloudy day.

National Geographic


OPEC Myth of Overcapacity

OPEC Myth of Overcapacity thumbnail

Cherished oil myths: OPEC overcapacity By Andrew McKillop For people who like things symmetrical we can say that belief in OPEC overcapacity is a cheap oil myth. The opposite myth, or rather belief, and increasingle easy to prove is that both OPEC and nonOPEC suppliers are not able to keep pace with world demand, their […]


LNG Risk Takes Many Forms

LNG Risk Takes Many Forms thumbnail

When it comes to media coverage of the prospects for the siting and development of liquefied natural gas (LNG) facilities in the United States and Mexico, there is often a dichotomy between perceptions and the actual risks associated with such projects. In the public’s mind, the main issue is safety and the potential for catastrophic […]


Ex-UN chief warns of water wars

Ex-UN chief warns of water wars thumbnail

Competition for water resources could provoke wars in Africa and the Middle East, Boutros Boutros Ghali has said. In an interview with the BBC, the former UN Secretary General urged the international community to ensure a fair division of water between nations. Mr Boutros Ghali told Radio 4’s Today programme that military confrontation between the […]


Russia’s hydrocarbon geopolitics

Russia’s hydrocarbon geopolitics thumbnail

Russia is moving towards building new geopolitical muscle based on its huge oil and gas riches: this week Moscow conceded that its policy, notably in the Middle East, has been strongly connected with energy considerations. “The situation in the Middle East influences the world economy, notably one sector in which Russia holds a special position, […]


Fuel-miser vehicles may cost Ohio jobs

Fuel-miser vehicles may cost Ohio jobs thumbnail

Fuel-miser vehicles may cost Ohio jobs Wednesday, February 02, 2005 If hybrid vehicles and high-tech diesels become popular, thousands of jobs in Ohio, Michigan and Indiana could be lost because the fuel misers and their components are likely to be manufactured outside the United States, according to a study by the University of Michigan’s Office […]


Aspo Newsletter

Aspo Newsletter thumbnail

Aspo Newsletter, no. 50 – February 2005


India to team up with China in oil race

India to team up with China in oil race thumbnail

India plans to join hands with China in a joint strategy to bid for foreign oil projects and avoid cut-throat competition that makes petroleum assets more costly, Indian oil minister Mani Shankar Aiyar said on Tuesday. The energy-hungry country is also planning to host oil ministers from Russia and Central Asia in March, hoping to […]


Exxon drills new Angolan oil field

Exxon drills new Angolan oil field thumbnail

ExxonMobil Corporation’s plans to pump oil from its Kizomba B project offshore Angola in the second half of this year are on track following the arrival of a drilling platform in Luanda, Exxon and the state oil firm said today. Kizomba A is producing around 200,000 bpd and is due to reach peak production of […]


EU Reports Thinning Ozone Layer over Arctic; Possible Threat to Human Health

EU Reports Thinning Ozone Layer over Arctic; Possible Threat to Human Health thumbnail

Record low temperatures over the North Pole are thinning the protective ozone layer, a condition which could affect human health in northern countries and even central European nations, the European Union warned Monday. “Large ozone losses are expected to occur if the cold conditions persist,” said European Commissioner for Science and Research Janez Potocnik. He […]


Nine to watch in 2005

Nine to watch in 2005 thumbnail

Petroleum Review – Editorial – January 2005:

At the considerable risk of being a hostage to fortune, there appears to be around nine key areas that will shape the international oil and gas industry in the coming year.

Energy Institute


Venezuela may sell U.S. oil refineries

Venezuela may sell U.S. oil refineries thumbnail

By MarketWatch
Last Update: 1:30 AM ET Feb. 2, 2005

SAN FRANCISCO (MarketWatch) — The Venezuelan government is considering selling its American oil-refining operations used to process Venezuelan crude for the U.S. market, according to a media report Tuesday.

According to the Times, Venezuelan President Hugo Chavez, who has been at odds with the Bush administration and has in recent months moving toward increased petroleum alliances with China, signaled on Tuesday that his government was interested in selling its American oil-refining operations.

MarketWatch.


Is Hugo Chavez Hurting Himself By Siding With China?

Is Hugo Chavez Hurting Himself By Siding With China? thumbnail

Energy Outlook seems to think Hugo Chavez is, at least in the short run as well as possibly the longer term, only hurting himself by moving to change alliances to the Chinese.The largest concentration of refineries configured to run Venezuelan crude is in the US Gulf Coast. In fact, a large portion of the Venezuelan […]


Mexico Squanders Chance to Benefit From Oil Rally

Mexico Squanders Chance to Benefit From Oil Rally thumbnail

Since Pemex discovered the 162-square kilometer Cantarell field oil deposit off the coast of the Gulf of Mexico in the late 1970s, it has done little to diversify production. The field, which accounts for more than two-thirds of production, is set to decline in output early next year, said Elizondo at his Mexico City office. […]


The Art of Energy

The Art of Energy thumbnail

“The future will not be painted in oil.”

Peter Huber and Mark Mills believe that energy is limitless. A quick summary of current cornucopian thinking.


USA creating a base for war on the people of South America and Venezuela

USA creating a base for war on the people of South America and Venezuela thumbnail

The US for many years has been active in Colombia in assisting the government against FARC, the narco-terrorist group. As there was in Vietnam, there are military advisers in country-accompanied by US Special Forces and Colombian military. Considering the actions of the US, in both Colombia and Venezuela recently, and the oil war now in […]


China aids Kremlin’s energy grab

China aids Kremlin’s energy grab thumbnail

China lent Russia $6bn (£3.2bn) to help the Russian government renationalise the key Yuganskneftegas unit of oil group Yukos, it has been revealed. The Kremlin said on Tuesday that the $6bn which Russian state bank VEB lent state-owned Rosneft to help buy Yugansk in turn came from Chinese banks. www.bbc.co.uk


America stymied as governments bid to control oil

America stymied as governments bid to control oil thumbnail

We are witnessing nothing less than the geopoliticalisation of the world’s oil and gas industry. Governments rather than traditional commercial enterprises are taking control. And those governments have interests hostile to America’s. So America finds that supplies from Canada, its largest supplier, and Venezuela, which sells it the light, sweet crude oil that its refineries […]


Energy-hungry nation looks to LNG

Energy-hungry nation looks to LNG thumbnail

COVE POINT, Md. – Once or twice a week, a tanker unloads millions of gallons of frosty liquid at a terminal on the Chesapeake Bay, bringing to the United States a fuel that many economists believe will help temper energy prices in the coming decades. For years, liquefied natural gas (LNG) was too expensive. It […]


Some people are addressing the Energy production issues.

Some people are addressing the Energy production issues. thumbnail

Energy Self Sufficiency Newsletter February 2005 Issue Are you dedicated to the renewable energy movement? Would you like to help us spread the word? http://www.rebelwolf.com/essn.html Consider the news spread. Let’s get serious. It’s an irrefutable fact that so-called civilization is sucking up dead dinosaurs at a much faster pace than the few remaining T. Rex […]


Climateprediction.net is the largest forecast experiment

Climateprediction.net is the largest forecast experiment thumbnail

Climateprediction.net is the largest experiment to try and produce a forecast of the climate in the 21st century. To do this, we need people around the world to give us time on their computers – time when they have their computers switched on, but are not using them to their full capacity.

You can download a climate model from this website. It will run automatically as a background process on your computer whenever you switch your computer on. It should not affect any other tasks you use your computer for. As the model runs, you can watch the weather patterns on your, unique, version of the world evolve. The results are sent back to us via the internet, and you will be able to see a summary of your results on this web site.

Climateprediction.net


Landmarks Since Prehistory, Glaciers are Shrinking in a Warming World

Landmarks Since Prehistory, Glaciers are Shrinking in a Warming World thumbnail

Up and down the icy spine of South America, the glaciers are melting, the white mantle of the Andes Mountains washing away at an ever faster rate. “Look. You can see. Chacaltaya has split in two,” scientist Edson Ramirez said as he led a visitor up toward a once-grand ice flow high in the thin […]


Drilling for oil off SA coast to cost $100m

Drilling for oil off SA coast to cost $100m thumbnail

Drilling will begin on the first of two deepwater oil exploration wells off the west coast of South Africa at the end of April at a combined cost of about $100 million (R595 million). Jack Holliday, the chief executive of the Petroleum Agency South Africa, said international energy companies such as BHP Billiton Petroleum, Forest […]


Global boom winding down, warns UN

Global boom winding down, warns UN thumbnail

The world economy expanded by 4% last year, up from 2.8% in 2003. But a falling US dollar, continuing rise in interest rates and sluggish worldwide job growth are expected to reduce growth to 3.25% this year, according to a report titled “The World Economic Situation and Prospects” released recently by the United Nations. At […]


Russian: Oil production to rise in 2005

Russian: Oil production to rise in 2005 thumbnail

Russia’s oil production is expected to rise by about 5 percent this year to a total of 485 million to 490 million metric tons (533 million to 539 million short tons), Federal Energy Agency head Sergei Oganesian said Tuesday. www.seattlepi.nwsource.com


SOUTH KOREA TO CONTRIBUTE TO CONSTRUCTION OF OIL PIPELINE IN SIBERIA

SOUTH KOREA TO CONTRIBUTE TO CONSTRUCTION OF OIL PIPELINE IN SIBERIA thumbnail

South Korea is willing to contribute, financially and otherwise, to an oil pipeline project in eastern Siberia, in Russia. Speaking at a Russo-Korean economic forum currently underway in Moscow, a senior official at the Korea National Oil Corporation (KNOC) said South Korea’s participation in the construction of the Taishet-Nakhodka pipeline would help the country ensure […]


A Google-Eyed Market

A Google-Eyed Market thumbnail

Presently the financial markets remain complacent. Investors have come to regard FOMC meetings as a non-event. There has been very little damage to the stock market. IPO’s are on the fast track this year, mergers are back in vogue, as is speculation. Despite the difficulties experienced this year, experts are still forecasting another good year […]


Samuel Bodman confirmed as US Energy Secretary

Samuel Bodman confirmed as US Energy Secretary thumbnail

Bodman, 66, has had little experience in energy matters

Bloomberg


Energy costs felt beyond gas pump

Energy costs felt beyond gas pump thumbnail

Companies charging more for carpet, paint, other petroleum-based products.

By Brad Foss
The Associated Press

There’s nothing like a trip to the gas station to raise one’s awareness of energy prices. Yet it doesn’t require filling up the tank — or opening a utility bill — to feel the bite of rising fuel costs.

Carpet, fertilizer, paint, polyester and plastic toys, all of which are petroleum-based, are more expensive to make, wrap and ship these days. As a result, companies around the globe are struggling and a growing number are charging more for well-known products, including Goodyear tires, Scotts fertilizer and Kenmore refrigerators.

Springfield Missouri News Leader


« Previous Page



Oil News Categories


Recent Board Topics


Archive


LATEST NEWS HEADLINES


PO Real Time

No tweets available