Make climate change a policy principle – or drown in debt

Make climate change a policy principle – or drown in debt Andrew Simms Monday March 7, 2005 The Guardian There are many environments of great concern to the chancellor. But the one made up of land, air, water and living systems has not been chief among them – something that’s clear to anyone who has […]

BP moves to float off division

BP moves to float off division Mark Milner Monday March 7, 2005 The Guardian BP has recruited investment banks Goldman Sachs and Morgan Stanley in a move that is thought to signal an upcoming flotation of its underperforming olefins and derivatives (O&D) arm. … BP confirmed the appointment of Morgan Stanley and Goldman Sachs as […]

China spends on coalmine safety

China’s Premier Wen Jiabao has promised the state is to spend 3bn yuan ($362m; £189m) to “truly make coal mining safe”, state media reported. The money will be used to improve safety equipment at state-run mines. At least 6,000 miners died in China’s mines last year, making them the deadliest in the worldMr Wen made […]

BP to start Indonesia gas project

BP, the world’s second biggest oil firm by market value, is to go ahead with a key Indonesian natural gas project after securing government agreements. The project will be based in Tangguh, about 1,880 miles east of Jakarta. Production is set to start in 2008 and Tangguh will feature as the centrepiece of BP’s Asia-Pacific […]

End of Suburbia draws nigh

A very chilling piece in the Toronto Star (most read newspaper in the Greater Toronto area) about the documentary to be shown this week on Canada’s Vision TV. Toronto Star

China to import nine million barrels of oil per day in 2025 – OAPEC bulletin

Since local petroleum production is unable to meet China’s growing needs it will have to meet its growing demand for oil from abroad, in particular the Middle East. Based on a huge population of 1.3 billion, the Chinese energy market has become the world’s second largest energy market after the USA, it added. China’s rapid […]

Iraq Starts Talks With Intl Cos For New $1B Oil Refinery

Iraq has began talks with a number of international companies to build a 200,000-300,000 barrels-a-day refinery in the center of the country, oil officials said Monday. They said the ministry was negotiating build-operate-transfer arrangements in Amman, Jordan. The refinery is badly needed to meet growing domestic demand. IWon

Asian Drought Affects Millions, Hits Crops, Exports

A severe Asian drought has left millions of people struggling to find water, damaged crops from India to China and cost millions of dollars in lost exports. In hard-hit Vietnam, desperate farmers burned thorns off cactus to feed the water-storing plants to their thirsty sheep, state television reported this week. Reuters

China to set up energy task force as planner warns of dire power shortage

China said it intends to set up a special task force to handle energy issues as its top economic planner painted a dire picture of the nation’s desperate power shortages. The government has decided to establish a “national leading group” to oversee the country’s sprawling energy industry, the China Daily reported on its website. Yahoo

Saudis look to Russia for arms

Saudi Arabia, a traditionally authoritarian regime that recently held the first Western-style local elections in its 73-year history, is trying to break new ground by turning to Russia for arms purchases. As one of the world’s biggest single weapons buyers, the family-run kingdom has militarily depended on the United States, which has supplied over US$80 […]

Oil merger rumored. ChevronTexaco reportedly considering a bid for Unocal

Speculation that ChevronTexaco Corp. might buy smaller rival Unocal Corp. sent the latter’s stock price soaring Thursday and spurred talk on Wall Street that another round of mergers might sweep the oil industry. Citing unnamed sources, the Wall Street Journal reported Thursday that San Ramon’s ChevronTexaco is mulling a bid for Unocal. The idea, the […]

Hirsch Study Link Posted

Here is a link to the .pdf for the Hirsch Study. I e-mailed him, he sent me the .doc file and I posted it. http://www.hilltoplancers.org/stories/hirsch0502.pdf RickEXECUTIVE SUMMARY The peaking of world oil production presents the U.S. and the world with an unprecedented risk management problem. As peaking is approached, liquid fuel prices and price volatility […]

Speaker at Illinois Oil and Gas Assoc. says world needs 40 milion more barrels

CourierPress

Oil demand outweighs supply

A decline in OPEC’s production capacity and a rapid increase in demand have combined to make recent oil price increases permanent, a market expert said Thursday.

In a speech before the Illinois Oil & Gas Association’s annual convention at the Executive Inn, Bill O’Grady, director of futures research at A.G. Edwards & Sons, said signs suggest current oil production can’t meet expected future demand.
http://www.courierpress.com/ecp/ebj/article/0,2578,ECP_19916_3592489,00.html

Australia and East Timor in oil and gas talks

CANBERRA – Australian and East Timorese officials will begin fresh discussions today on how to divide up oil and gas deposits underneath the Timor Sea. After nearly a year of negotiations, both sides finally appear willing to broker a compromise on carving up the oil-rich Timor Sea energy reserves, worth an estimated US$41 billion. New […]

Message to consumers-Hubbert’s Peak may be real but do not worry-for now

Gallon of gas might hit… $2.50 Experts: Global demand driving up cost By WILLIAM BUNCH bunchw@phillynews.com Talk about highway robbery. Gasoline prices are about to go through the moon roof, with some experts saying that average prices could go as high as $2.50 a gallon this summer, the peak driving season. Fuel-watchers say the main […]

Buffett attacks American spending junkies

Warren Buffett, one of the world’s most successful investors, has launched his most withering attack to date on the US trade deficit, describing Americans as “rich spending junkies” who could turn into a nation of “sharecroppers”.

Shale oil-no one seems to know how to make a go of it

Deseret Morning News, Friday, March 04, 2005 Eyes on oil shale — again Pricey extraction techniques might be feasible if price keeps going up By Leigh Dethman Deseret Morning News Oil prices Thursday peaked at their highest level since late October — sparking yet another debate about the viability of Utah’s high-cost, high-risk shale oil […]

Indonesia-Malaysia dispute over oil

Indonesia has sent F-16 fighter jets to a disputed border region with Malaysia while President Susilo Bambang Yudhoyono plans to visit the area that includes an offshore oil field both countries claim, officials said Sunday. The mix of saber rattling and diplomacy is the latest sign that tensions over the area in the Sulawesi Sea […]

Buffett warns on US trade deficit

Billionaire US investor Warren Buffett has warned about the extent of the US trade deficit. Mr Buffett made the comments in his widely-read annual letter to shareholders of his Berkshire Hathaway holding company. He warned that the US trade deficit, which totalled $672bn (£484bn) last year, meant a knock-on over-reliance upon foreign investment into the […]

MPs’ flights ‘pay for clean air’

The UK is set to announce a scheme to promote clean energy in developing countries by paying into a fund every time a minister or civil servant takes a trip by air. The idea is to offset the climate change impact of the carbon dioxide emissions from flyingThe scheme will begin next month in at […]

Don’t blame China for high oil prices

China’s import exerts limited impact on global oil price (Xinhua) Updated: 2005-03-06 14:23 China, both an energy consumer and producer, should not be responsible for the world’s rising oil prices, Foreign Minister Li Zhaoxing said Sunday at a press conference at the ongoing annual session of the National People’s Congress. “Although China’s energy import has […]

American Automobile Association-era of cheap oil gone forever

Record High Gas Prices Mark Stine KOLD News 13 Reporter Posted: 3-5-05 “It’s kind of depressing, it seems like it’s never going to stop because people keep paying it,” Mark Rasmussen said. Tucson drivers go crazy over predicted higher gas prices. “Everyone has to drive to get to what they’re doing, it really disappoints me,” […]

OPEC Chief ‘Concerned’ About Oil Prices

VIENNA, Austria – Seeking to cool market sentiment, the head of OPEC (news – web sites) on Sunday said the organization is “concerned” about stubbornly high prices that defy what he described as a well-supplied market and adequate crude stocks worldwide. The statement by Sheik Ahmad Fahad Al Ahmad Al Sabah, OPEC’s president and secretary […]

Back off US or suffer oil shock says Iran and Chavez

IRAN and Venezuela – two of the world’s major oil nations – have responded to US policy to get tough on rogue states by threatening to cut supplies to world markets. Venezuelan president Hugo Chavez also said the world should forget about any return to cheap oil prices. […] Iran’s top nuclear official Hassan Rowhani […]

China’s global influence seen as positive

China’s influence on the world is seen as positive by more people than is the case for the US or Russia, according to a new BBC World Service poll. In total, 48% of people polled in 22 countries said China’s role was mainly positive. Only 30% saw it as mainly negative. The majority of respondents […]

Oil industry struggles with labor shortage

hLaid-off oil field workers long ago found more stable jobs elsewhere, and most are not returning. Especially hard to find are people to fill entry-level jobs as roustabouts, rig hands, pumpers and service personnel in Kansas and elsewhere in the country.

AZ Central

Chavez: Low Oil Rates a Thing of the Past

“The OPEC could fix the price at between $40 to $50 per barrel,” Chavez told reporters in New Delhi.

“The world should forget about cheap oil. It will never go back to the $10 per barrel rate that prevailed in those days,” he added, without elaborating.

AP

China to Speed Up Oil, Gas Exploration; Limit Power Plants

China plans to accelerate oil, gas and shale-oil exploration this year to meet increasing energy shortages and limit construction of certain power plants to reduce the strain on coal supplies and cut pollution. “We need to alleviate tight supplies of coal, electricity, petroleum and transportation,” Ma Kai, chairman of National Development and Reform Commission, said […]

SAIC Report for DOE: Mitigating the Effects of Peak Oil

The Association for the Study of Peak Oil & Gas (ASPO) published in its March newsletter a summary of a new report produced by SAIC for the Department of Energy on mitigating the impact of the impending peak production of oil. … SAIC is a highly reputable research and engineering company, serving commercial and government […]

Our future depends on US policy

The style of transition from an oil-based economy to a post-oil society will ultimately depend on policy decided within the US government. Unfortunately, US policy is heavily influenced by big business interests which want the status quo to remain, i.e. an economy based on oil.

These are the observations that Paul Roberts makes in his new book “The end of oil, on the edge of a perilous new world”.

If we want a change in US policy, we have to reach US voters. If you know of any US congressman or senators who are friends with you, please contact them.

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