Hubbert

Venezuela President Chavez Denies Oil Production Down 800,000 BPD

President Hugo Chavez has denied Venezuela’s oil production is down by more than 800,000 barrels per day (bpd), as his opponents claim. Forbes

Alternative Fuels on ‘Business Beat’

WICN Interview with Jim Dunn, Craig Van Batenburg and Gilles Labelle. MP3 Audio — WICN ‘Business Beat’

www.bestrateofclimb.com/businessbeatmay8.mp3

Chris Skrebowski: Oil Depletion Reality

Source:Oil Depletion Analysis Centre

[May 13, 2005]

Address to Peak Oil Conference in Edinburgh, Scotland April 25, 2005. MP3 Audio:

www.odac-info.org/audio/skrebowski.mp3

National Wind Power Conference in Denver Expected to Draw Thousands

Farmer Chris Rundell’s venture with other landowners on Colorado’s southeastern plains is the kind of story that advocates cite as an example of the progress wind energy has made. The cooperative formed by Rundell and his partners has won a contract with Xcel Energy, the state’s biggest provider of electricity, to provide 69 megawatts from […]

China Apr Crude Imports Rise 22.5% On Year To 12.25 Million MT

China imported 12.25 million metric tons of crude oil in April, 22.5% more than in the same period last year, data released by the Customs General Administration Monday shows.NASDAQ

Cuba-Venezuela Relationship Helping Island Outmaneuver U.S., Experts Say

Diplomats and experts have been wondering where Castro is getting the cash for such initiatives given that in recent years the country has suffered poor domestic production, chronic power blackouts and anemic economic growth. The partial answer came late last month when Venezuelan Energy Minister Rafael Ramirez acknowledged the oil-rich nation has increased shipments of […]

Chavez Says Soldiers Have Orders In The Event Of His Assassination

President Hugo Chavez said Sunday orders are in place for government officials and military personnel to follow in the event he is assassinated. “The plan in case something happens to me, is already done,” Chavez said during his weekly radio and television show. He did not elaborate with any details. “If something happens to me […]

A Biblical Essay on Peak Oil

I noticed little written about Peak Oil from a biblical perspective so I registered a name and wrote an essay.

http://PeakAnswers.org/

Joe Greene
Harrisburg PA

Matthew Simmons: Real Peak Oil Issues

Source: Oil Depletion Analysis Centre

[May 13, 2005]

Address to Peak Oil Conference in Edinburgh, Scotland April 25, 2005. MP3 Audio

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www.odac-info.org/audio/simmons.mp3

Rising Oil & Gas Demand from China & India

International consultant talks geopolitics of China, India oil demand

(video)

E&ETV

Oil Industry Sees Prices Going Higher

Oil prices slipped below $48 per barrel last week on the back of a strengthening dollar, increased U.S. crude stockpiles and indications Chinese and U.S. demand could be falling. But in the wake of reports that crude oil could go as high as $100 per barrel few believe the current price bubble is over yet. […]

Kuwait’s 2004-05 Oil Reserve Jumps 818 Million Barrels

Kuwait’s oil reserve increased in 2004-05 by around 818 million barrels while production reached record levels to 2.4 million barrels per day (bpd), an oil official said Sunday.Kuwait News Agency

OPEC to Pump More to Meet 4Q Demand, Build More Capacity

One analyst attending the workshop said the price of oil would decline to around $35/bbl or lower by the end of the summer. “The fundamentals are so strongly in a bearish direction that the market will be pushed down,” said Michael Lynch, president of Strategic Energy & Economic Research, an Amherst, Mass.-based consulting company. With […]

U.S. Economy Has Investors Worried

Stock markets are likely in for another negative week as commodity stocks continue to retrace ground and investors fret about weakness in the U.S. economy — despite recent data showing strength. “We’ve seen … a whole slate of better than expected U.S. economic data which would tend to suggest that the U.S. economy has already […]

Diesel From Natural Gas Could Cut Smog

The rat’s nest of pipes and columns snaking across the desert harbors a secret process that will use cobalt to turn natural gas into a powerful, clean-burning diesel fuel. By next year, rulers of this tiny desert sheikdom hope, these gas-to-liquids (GTL) reactors under construction will bring in billions of dollars while clearing big city […]

Oil Fuels Programs For Poor

Workers are cutting sugar cane on fields that once lay fallow, stitching together T-shirts at state-funded cooperatives and building thousands of homes to replace shantytowns. Venezuela’s booming oil wealth is bankrolling its most ambitious effort in decades to help the poor, an integral part of President Hugo ChAP via Sun-Sentinel

Caspian Region Possesses 15% of Total Oil and Gas Reserves

Oil and gas reserves in the Caspian Sea are estimated at 200 billion barrel and 640 trillion cubic meters respectively, according to the State Oil Company of Azerbaijan. This constitutes 15 percent of the world

OPEC Vows to Keep Market Supplied

OPEC assured world oil markets on Sunday that it was keeping them well supplied and holds enough production in reserve to meet higher demand this winter. Cartel chief Sheikh Ahmad al-Fahd al-Sabah also said OPEC was unlikely to raise its formal limits on output to match the actual supply of 30 million barrels per day […]

Kazakhstan to export 1Mln barrels of oil a day in 2005 – expert

WASHINGTON. May 15 (Interfax-Kazakhstan) – Oil production is one of the leading sectors of Kazakhstan’s economy, and exports are projecting exports of 1 million barrels per day in 2005, said Kazakh presidential international and economic affairs advisor Karim Masimov. He quoted this figure in Washington during a working visit to the U.S., an Interfax corespondent […]

U.S. Places Large Bet On Pipeline

American-backed plans to build a nearly 1,100-mile-long oil pipeline from the Caspian Sea to the Mediterranean are about to go from what skeptics once called a “pipe dream” to a reality. Trailing from Baku, Azerbaijan, through Georgia to the Turkish seaport of Ceyhan, British energy giant BP will bring the Baku-Tbilisi-Ceyhan (BTC) pipeline on line […]

$40 Per Barrel Acceptable Price: OPEC

OPEC’s President said on Sunday he saw $40 per barrel as an acceptable price for the cartel’s basket of crude oils, nearly $6 below its current level.Reuters

Oil, Weapons Create Perfect Iran Storm

Iran is the perfect storm acting as a nation: Oil, location and its advanced quest for nuclear weapons technology give Tehran the potential to drive the United Nations and the nonproliferation system that the world body oversees onto the rocks in the months ahead. That matrix-shattering outcome is not sought by senior policy-makers in the […]

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