Companies bet on heavy oil

PRUDHOE BAY, Alaska – Oil companies are betting that heavy oil in Alaska will result in a big payoff. Heavy oil, which has the consistency of thick molasses, lies in sandstone above the huge reservoir of light oil that has been flowing down the trans-Alaska pipeline since 1977. With that reservoir being drawn down, BP […]

Biofuel boom energizes state plant initiative

For decades Indiana has all but sat on the sidelines as other Midwestern states developed a biofuel industry. But that could change, and soon. Higher oil prices are making corn-derived ethanol and soybean-based diesel fuel more affordable for consumers. Minimizing energy dependence is in fashion again following the 2001 terrorist attacks and in this era […]

UK Citizens call on government to act on ‘Peak Oil’

A new petition entitled “Peak Oil Production & Decline – Raising awareness and discussion of the consequences and solutions” has officially been launched (Thursday 28th April 2005) by Powerswitch.org.uk to call on UK government to prepare for the serious economic, social and cultural adjustment of the twenty first century caused by global oil depletion. The […]

Bush Wrong: House Passed Energy Bill Threatens Economic and National Security

The energy bill passed by the U S House of Representatives last week threatens to deplete America’s dwindling oil reserves and leave our nation, our freedoms and liberties prostrate before the world’s corporate oil barons and the dictators that control OPEC, according to CleanPeace, a non profit organization dedicated to building a clean, peaceful, undepletable, […]

What Can’t Go On, Won’t

It is supposed to be Congress and the President who do the long-term job, and right now they seem to feel that there is nothing wrong with the economy that having more sick poor people wontruthout.org

What Perplexes your Editor the Most?

If you were to ask me what puzzles me the most these days with regard to the market, it is the energy market dynamics. The questions I roll over in my mind day after day are the following: 1. If the world is reaching or has reached peak oil production, how rapidly will it decline? […]

Oil Fields in Texas Showing Their Age

Texas’ most famous and venerable oil fields are showing their age. The Permian Basin, which stretches from Lubbock and Midland to the New Mexico border and has long been the state’s center of production, showed a decline in oil production from 304 million barrels in 1994 to 236 million barrels last year. The decline is […]

Exploding Overseas Demand Ends Era of Cheap Oil

Inasmuch as I expect to be working until the day I die, I’ll simply ignore, for the moment, anything the president or anyone else has to say about Social Security. But I care greatly about how my wages will be spent, especially in acquisition of fuel needed to do the work I love. And that […]

Peak Oil Makes Hustler

Given the acrimony caused by the recent elections, you might think civil unrest is already in the air. But if that’s not enough, consider this: For some years now experts in the petroleum industry have known that it was only a matter of time-and not that much time-before we would run out of oil. According […]

Power Grid in Iraq Far From Fixed

When his lights and television go dark, as they regularly do, Khalid Qasim Ali flips a switch in his living room to bring back the power. This electricity is not state-supplied. Instead, it comes from a generator three blocks away that is connected to Ali’s home by a wire strung in the air. All told, […]

Will Gasoline Cars be Obsolete in a Decade? Maybe

When I suggested they must feel a little like the NASA scientists and engineers who spent the ’60s figuring out how to put men on the moon, Matt Fronk and Dan O’Connell smiled. Fronk, the chief engineer, and O’Connell, staff engineer, are part of General Motors Corp.’s development team at the company’s Honeoye Falls Fuel […]

Gasoline Prices: You Ain’t Seen Nothin’ Yet

It’s a question that’s been mulled behind steering wheels, amid traffic jams and at gasoline pumps from Summerlin to Henderson and down the Strip: How high will the price of a gallon of gasoline go? Would you believe four bucks or so, within three years?Las Vegas Review-Journal

This Week In Petroleum – Dependency

While crude imports were the third highest weekly average ever, crude oil inputs into U.S. refineries actually declined slightly. As a result, much of the increase in crude oil imports found its way into inventories, which built by 5.5 million barrels during the week ending April 22. Nevertheless, with refinery inputs expected to increase significantly […]

Rising number of greens ditch cheap air travel

Nick Kieboom has always believed in doing his bit for the environment: recycling rubbish and buying organic food, for example. It is scarcely novel stuff. However, Nick has now found a new campaign to add to his list of concerns and actions. He has decided to restrict himself to one flight a year, a cutback […]

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