Oil Ripples Push Stocks Lower

Investors pushed stocks to their lowest levels in more than a month Friday as Wall Street worried about the long-term effects of high oil prices on the economy. Volume was very high as investors restocked their portfolios due to a reshuffling of the Standard & Poor’s 500 index and the expiration of stock futures and […]

Call on governments to prepare for coming energy crisis

I just found this petition and I thought I’d share it with you. Statement On Global Oil Peak We, the members of the educational and scientific communities involved in the study of the worldwide peak of oil production, offer the following statement on the problem and its implications for our future: Oil is a finite […]

Biodiesel Boosters Plan Co-Ops

If fans of biodiesel get their way, 2005 will be the first year in which thousands of drivers fill their tanks with the increasingly popular alternative to petroleum diesel at a network of public fueling stations. Biodiesel co-op members will get a discount on the fuel, which is derived from natural fats and oils. But […]

MSNBC explains high oil prices to the masses

But the only country with any real extra capacity is Saudi Arabia, and they claim to have only 1.5 million barrels or so to spare. So it’s very possible that demand will grow so fast there’s simply not enough to go around. More at MSNBC

Nuclear detonations in GAS / OIL extraction

Since GAS / OIL is in the ground more like a large sponge, not a swimming pool, simply find a way to squeeze every last drop out. A solution that dates back to the 1950’s and 1960’s uses underground nuclear explosions. As “peak oil” nibbles at our economies, these radical technologies will become justified. Great, […]

Terrorists Train for Seaborne Attacks

By JIM GOMEZ, Associated Press Writer MANILA, Philippines – Two of the most dangerous al-Qaida-linked groups in Southeast Asia are working together to train militants in scuba diving for seaborne terror attacks, according to the interrogation of a recently captured guerrilla. The ominous development is outlined in a Philippine military report obtained Thursday by The […]

U.S. Economist Suggests “Privatization Amnesty” in Russia

“The Piratization of Russia” caused quite a stir in the United States. In it the economist analyzed the emergence of the ’oligarchs’ during the years of Russia’s privatization and criticized U.S. and other Western specialists for contributing to the process.

Mosnews

Fossil fuels future production

Romania Oil & Gas Congress, 2005, 22-24 March Bucharest

Jean Laherrere presentation

Oilcrisis

Solar companies fear grants fall

The UK’s solar power industry fears the loss of a very successful grants scheme that subsidises homeowners and others to cover the cost of installations.Companies that build solar power systems are concerned the 10-year programme, which has already cost £31m, will be wound up early in 2006. The Renewable Power Association claims this will damage […]

Beltway wakes up to Peak Oil and Global Warming

By Bill Henderson Seems like the Beltway movers and shakers are starting to clue in to our Bottleneck predicament. Well, to be honest, there are beginning tentative steps, even within the Bush Administration, to recognize that continuing US prosperity and security depend upon confronting and solving building global-scale problems – E.O. Wilson’s Bottleneck problems: global […]

NEOCON and BIG OIL SUPER CONSPIRACY

The ‘New World Order’ Plot To Control Oil, Money, and Power Insiders told BBC Newsnight that planning began “within weeks” of Bush’s first taking office in 2001, long before the September 11th attack on the US. Watch the complete BBC Newsnight Program (available for 24-hours after London broadcast) MIDDLEEAST.ORG – MER – Washington – 17 […]

Chinese manufacturing world pushing demand for more oil

China’s leaping trade surpluses reflect how production of components and goods, many made by foreign giants like Intel or Sony who have set up here to capitalise on a cheap and abundant workforce, has ramped up demand for oil.

Adding to this production frenzy is demands from the nation’s burgeoning middle class for air conditioners, refrigerators, VCD players, cars and even air travel, analysts say.

channelnewsasia.com

LNG Milestone at Hand

When the tanker Excelsior starts unloading its cargo 116 miles off Louisiana today, it will mark the opening of the nation’s first liquefied natural gas terminal in 20 years. The terminal is little more than a high-tech submersible buoy and miles of connecting pipeline, but the imaginative twists taken by the operator, Houston’s Excelerate Energy, […]

Oil May Rise From Record as Global Fuel Use Grows, Survey Shows

Crude oil prices in New York, which rose above $57 a barrel for the first time yesterday, are likely to increase on speculation demand will expand faster than supply, a Bloomberg survey of analysts and strategists showed.

Palast: Secret U.S. Plans for Iraq’s Oil

Two years ago today – when President George Bush announced US, British and Allied forces would begin to bomb Baghdad – protestors claimed the US had a secret plan for Iraq’s oil once Saddam had been conquered. In fact there were two conflicting plans, setting off a hidden policy war between neo-conservatives at the Pentagon, […]

Global Warming Inevitable: Study

The need to act now to slow global warming is even more vital, according to the National Center for Atmospheric Research study, published in this week’s issue of the journal Science.

halifaxlive.com

Respect the Environment Or Expect Disaster

Secretary of International Civil Defence Organisation (ICDO), Nawarf B. AI Sleibi, stated yesterday that if the global community does not curb its environmental abuses, then disasters could be imminent.

“In the next twenty to thirty years, the environment will undergo great upheavals inevitably requiring a change in the mode of this planet’s inhabitants,” he warned, adding that the frequency of disasters due to events such as global warming and exploitation of resources and raw materials, would increase in the next decades.

All Africa

Basic Choices and Constraints on Long−Term Energy Supplies

Population growth and energy demand are exhausting the world’s fossil energy supplies, some on the timescale of a single human lifespan. Increasingly, sharing natural resources will require close international cooperation, peace, and security. Paul B. WeiszHuman society, like any system composed of dynamic processes, depends on an external energy source. Historically, that source was the […]

“Economic Meltdown” — Sorry, but We’re Toast

by Mike Whitney www.dissidentvoice.org March 17, 2005 Don’t look now, but Bush’s house-of-cards economy is about to come crashing to earth. Just yesterday the Commerce Department announced that the trade deficit soared to an all time high of $665 billion in 2004 — a whopping 25% increase from the previous year. America’s gluttonous appetite for […]

FAA:A billion air travelers in 2015

I guess the FAA doesn’t know about Peak Oil. They say US air travel will double in 10 years. Maybe they expect humans to be genetically reengineered and we will all have feathers at that time. Otherwise, I don’t understand where the energy will come from to build and fly the airplanes.CNN

Pricey Liquids

PRICEY LIQUIDS By Eric J. Fry “That’ll be $64,” grunted the barman at Smith & Wollensky’s last night, after placing a Budweiser and two glasses of wine on the bar. “Really?” your editor replied, as he reached very slowly for his wallet “Only $64?” Daily ReckoningAren’t $64 cocktails as much a picture of dollar weakness […]

Russia to Ban Foreigners at Oil Auctions to Safeguard Depleting Resources

Among the new suggestions in the law are a ban on foreign companies from new tenders for the development of strategically important deposits, abandoning licensing practices and a transition to a contract basis when exploiting subsoil deposits. Mosnews

Opec promises to review output limits again as prices surge

Crude oil prices set new records on Thursday despite a commitment to boost output quotas from the Opec oil producers’ cartel a day earlier. News that US petrol and fuel oil stocks were more deeply depleted than expected overshadowed Opec’s offer Opec’s president said today that if prices continued to rise the cartel may hold […]

UK – Petrol duty freeze pre-empts motorists’ backlash

Excise duty on petrol is to be frozen for six months, in a pre-election move intended to avoid a backlash from unhappy motorists at the ballot box. The chancellor said an inflation-linked rise of 1.22p on a litre of petrol would be deferred until September. He will press ahead in April with a £5 increase […]

Scientists suspected of falsifying documents on nuclear waste site

Federal scientists may have falsified documents on a key safety issue for the proposed Yucca Mountain nuclear-waste dump, two federal agencies said Wednesday. If the allegations prove true, it could delay and possibly kill the controversial plan to bury nuclear waste in a mountain 90 miles northwest of Las Vegas starting in about a dozen […]

Oil Reaches Record $57.50 on Concern Demand Will Outpace Supply

Crude oil rose to a record, reaching $57.50 a barrel in New York, on concern that the Organization of Petroleum Exporting Countries can’t pump enough to meet demand. A 50 percent surge in prices in the past year may hurt the world economy and cap growth in oil use, said Richard Savage, global head of […]

Union of Russia’s Oil and Gas Producers Says Oil Exports in Danger

The president of the Russian Union of Oil and Gas Producers said on Wednesday, March 16, that the country’s oil exports are in danger unless a program of geological exploration of new oil deposits is introduced. Gennady Shmal, quoted by RIA Novosti said that unless the government and public opinion stop thinking about the oil […]

Coal dependency in China

Coal built China – and fuels its relentless growth today. Eighty per cent of China’s electricity comes from coal, and there are plans for 544 new coal-fired power stations – to meet an insatiable demand for energy. “There is no way that we can replace our production of coal or use alternative sources of energy […]

Oil firms hit by tax adjustment

Offshore oil and gas firms will have to pay £1bn ($1.9bn) more in tax next year as a result of changes to the tax regime included in Wednesday’s Budget. Chancellor Gordon Brown is to raise the extra money from North Sea operators by bringing forward corporation tax payments to 2005-6. The measure will not increase […]

New-world fundamentals hold sway in oil markets

Over the past two years … oil markets have been sending a clear message, reinforced during the past two months as prices have surged as high as $55 a barrel. The gnawing concern about Hubbert’s Peak, the theory that worldwide oil production may be in permanent decline, is colliding with increased demand from emerging markets […]

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