Price of gas? That’s nothing, try buying cornflakes

The topper was my pal in the photo department who went to brunch in San Francisco’s Mission District last weekend. Her retinas were nearly seared by the sight of a bowl of Corn Flakes on the menu for $7.50. No fruit. Just naked Corn Flakes. SEVEN DOLLARS AND FIFTY CENTS.

What is the deal? Gas is one thing. Wars, other people having more oil than we do, too many people driving gas-sucking, battle-ready vehicles
only to visit a Bed Bath & Beyond

Chicago Tribune | Oil analysts: Get Used to it

An article not using “Peak Oil” but highlights gas prices as well as the complications of higher oil prices for manufactured and shipped goods. The Goldman Sachs “superspike” is mentioned instead of Peak Oil. Note: It was on the FRONT PAGE of the Chicago Tribune on a Sunday. http://www.chicagotribune.com/business/chi-0504170286apr17,1,6162382.story?coll=chi-news-hed&ctrack=1&cset=true Oil analysts: Get used to it […]

Odac warns of global shortage of oil after 2007

Real-estate train about to crash?

Although the real estate industry insists that its gravy train is chugging along just fine, less-biased sources suggest that the boiler is about to explode. Have prices lost all touch with reality, or can the march of the McMansions across nature’s half-acre continue indefinitely?In Real Estate Fever, More Signs of Sickness Some Economists Warn of […]

High Oil Prices Dominate G-7 Meetings

By HARRY DUNPHY, Associated Press Writer WASHINGTON – Concern that rising oil prices could harm the global economy dominated weekend meetings of world finance ministers and central bankers who gathered after Wall Street plunged to new lows for 2005. There were intense talks about the energy situation at both the meetings of the Group of […]

Fuelling the Future, Ireland’s Peak Oil Conference

conferences Event Date: Sunday, June 05, 2005 End Date: Tuesday, June 07, 2005 Fuelling the Future – The Challenge and Opportunity of Peak Oil A 2 day conference on community responses to the coming energy crisis. www.fuellingthefuture.org Kinsale Further Education College, Kinsale, Co. Cork Saturday 18th Many experts are now agreeing that world production of […]

NZ Greens tackle Peak Oil

The New Zealand Green party have produced a two page flier on Peak Oil.

This is in a Question and Answer format and includes the “ASPO chart”.

More details at:

www.greens.org.nz/campaigns/peakoil/peak-oil-flier.pdf

Oilcast.com: Dramatic price rises ‘only a matter of time’

A new oilcast for Friday evening April 15th looks at the Douglas Woodward report saying high prices are “only a matter of time”, the fall in recent prices to seven week lows, Japan versus China and plenty more…

With associated reports on-site in pdf…

http://www.oilcast.com.

Car Busters Peak Oil Issue

Peak Oil is Now

Peak Oil Writing Contest

Fran

Top 10 most efficient most efficient vehicles of the 2005

Small wagons rated at 20 mpg or more and offering at least 25 cubic feet of storage volume:

Scion xB, 30 mpg, 33.5 cubic feet

Pontiac Vibe front-wheel drive, 26 mpg, 25 cubic feet

Toyota Matrix XR all-wheel drive, 24 mpg, 28 cubic feet

Ford Focus wagon, 23 mpg, 38 cubic feet

Volkswagen Jetta wagon GLS, 23 mpg, 33.5 cubic feet

MSN

Porphyrin nanotubes that produce hydrogen

Sunlight splitting water molecules to produce hydrogen using devices too small to be seen in a standard microscope. ThatTiny porphyrin tubes developed by Sandia may lead to new nanodevices. Research could result in clean, inexpensive hydrogen fuel. ALBUQUERQUE, N.M.

G7 piles pressure on Opec

Finance ministers and central bank governors from the G7 nations will intensify pressure on the oil cartel Opec today amid fears that high oil prices pose the biggest short-term risk to global growth. With dearer crude threatening to hit consumer spending and push up business costs, G7 sources said the meeting would urge oil producers […]

Oil majors bet on hard to produce heavy oil

Posted on Sat, Apr. 16, 2005 Texas companies turn to hard-to-pump heavy oil as light oil declines in Alaska MARY PEMBERTON Associated Press PRUDHOE BAY, Alaska – BP and ConocoPhillips are betting that heavy oil in Alaska will result in a big payoff. Heavy oil – which has the consistency of thick molasses instead of […]

Not Just A Spike

Over the next five years, crude prices will almost double, averaging close to $77/bbl and reaching as much as $100/bbl by 2010. That

Oil prices may fall in coming years, Chinese experts

BEIJING -(Oilnews)- As world oil prices hit new high time and again at the beginning of April, Chinese experts called for a rational analysis of the trend and predicted that there might be fall in the next few years. Since Goldman Saches, Wall Street famous investment bank, released the report predicting that oil prices may […]

US and UK blamed for oil scandal

The US and Britain are partly to blame for the scandal enveloping the UN oil-for-food programme, Secretary General Kofi Annan has said. Former Iraqi leader Saddam Hussein made billions of dollars smuggling oil in defiance of sanctions policed by the US and Britain, the UN chief said. More at the BBC.

EU pollution deaths cost billions

The European Union could save up to 161 billion euros a year by reducing deaths caused by air pollution, the World Health Organization has said. Air pollution reduces the life of the average European by 8.6 months. The toxic particles in pollution increase deaths from cardiovascular and respiratory diseases, and the price of treating these […]

Oil, gas prices tumble as supplies increase

On Tuesday, the International Energy Agency lowered its forecast for world oil demand for the first time in four months and said demand for oil in China is slowing. “All of the fundamentals are getting better,” said Michael Lynch, president of Strategic Energy and Economic Research, a Winchester, Mass.-based consultant. “Expectations of strong demand in […]

Hi-tech car is a costly flop, VW admits

Volkswagen has abandoned its costly effort to develop a ’super-economy car’, admitting that there is no mass market for the product even at current high petrol prices. Bernd Pischetsrieder, VW’s chief executive, said the two-seater vehicle, which is shaped like the cabin of a Messerschmitt fighter, had little chance of ever making money. “The vehicle […]

Japan-China Joint Drilling an Option, Nakagawa Says

Japan’s government may agree to joint drilling with China in a gas field in a disputed area in the East China Sea, Japan’s Minister for Economy, Trade and Industry Shoichi Nakagawa said. China needs to stop drilling in the disputed area in the East China Sea between Shanghai and the Japanese island of Okinawa and […]

Energy rights fuel Japan-China row

China has accused Japan of serious provocation over plans to drill for natural gas and oil in disputed waters as tensions between Asia’s economic giants escalate.

Japanese Prime Minister Junichiro Koizumi yesterday called for talks to end the tension and turn “the sea of conflict into a sea of co-ordination”.

The Age

E-mail boycott campaign directed at ExxonMobil

Americans launch e-mail war on oil prices Call for boycott of Exxon Mobil circulates through Web sites and message boards, but few believe campaign will provoke a price war. By Reuters Some Americans have joined an e-mail war on Big Oil to protest record high gasoline prices, calling for a long-term boycott of the nation’s […]

Businesses face ”Worrying” outlook

BBC UK manufacturing and services industries have suffered a decline in sales and confidence, the British Chambers of Commerce (BCC) has said. Domestic sales and orders fell for manufacturers, its quarterly survey said, but exports remained at their best levels for eight years. Overall, the BCC said the results of its survey – covering 5,000 […]

Oil and Instinct

…replying briefly to an essay titled “Is Peak Oil a myth? Just so long as we can catch the goddamn monkey,” posted on the (apparently popular) Daily Kos blog by a self-described “Mom of 2, Ex-Yuppie, 3rd Generation Democrat, Engineer, MBA, Silly Goose” calling herself Lawnorder. Her first sentence introduces one of her (long) essay’s […]

Bush: US Needs A Strategy To Cope With Energy Prices

By Alex Keto, Of DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- In a sign he believes higher energy prices aren’t going away anytime soon, U.S. President George W. Bush said Thursday the U.S. needs to devise a national energy strategy. “We got a problem with energy. And it’s a problem that didn’t happen overnight. It’s a […]

S&P Sees ‘Operating Weakness’ In Oil Cos’ Poor Output Growth

HOUSTON -(Dow Jones)- Oil and gas companies face a gap between strong financial performance and “operating weakness” as they fail to significantly grow production despite an increase in commodity prices, according to a note published Thursday by ratings agency Standard & Poor’s. “It is unclear that producers are investing enough to grow production more than […]

USGS official upbeat about oil reserves

PERTH, Apr. 14 — There are much more oil reserves left in the world than many of the pessimistic forecasts make out, according to Peter McCabe, senior research geologist at the US Geological Survey, speaking at the annual Australian Petroleum Production and Exploration Association (APPEA) conference in Perth. Oil & Gass Journal

Oil-price bubble won’t burst this time

Diane Francis – Financial Post I had the privilege of interviewing Houston oil expert, Henry Groppe at the Toronto offices of Middlefield Group, a Toronto investment advisor that has bundled $3-billion worth of income trusts into closed-end funds listed on the TSX. Today, the overall consensus among governments and oil companies is for prices to […]

US takes the lead in trashing planet

FOR MORE than four years, President Bush has told us he needs to see the ‘’sound science” on global warming before joining the rest of the world in combating it. In June 2001, he brushed off criticism of his pullout from the Kyoto Protocol, saying: ”It was not based upon science. The stated mandates in […]

Southwest Airlines 1Q Profit Nearly Triples

Low-cost carrier Southwest Airlines Inc. on Thursday said first-quarter earnings nearly tripled, thanks to successful fuel hedging and higher traffic in March. Quarterly income rose to $76 million, or 9 cents a share, from $26 million, or 3 cents a share, last year. Revenue climbed 12 percent to $1.66 billion from $1.48 billion.Low-cost carrier Southwest […]

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