State’s 2004 Gas Production Hits a 4.7 Percent Air Pocket

New Mexico’s natural gas production dropped by nearly 5 percent in 2004 and some in the industry say, in spite of anticipated depletion rates, the decrease is a significant one. Thanks to the 4.7 percent slip in production, according to data produced by the U.S. Department of Energy, this state is now the nation’s fourth […]

CGES Warns OPEC Against Cutting Oil Production Too Soon

‘Should total OPEC output be reduced to around 29.5 mln for the latter half of 2005 … prices will shoot back up to 51.3 usd a barrel in the third quarter and over 55.3 usd a barrel by the end of the year for dated Brent, giving an average price for 2005 of over 50 […]

Crude Oil Rises on Signs That Prices Have Declined Too Far

Crude oil rose, after falling more than $10 from April’s record, on speculation that prices have declined more than is justified. “We are now overdue for a corrective rally,” said Michael Fitzpatrick, vice president of energy risk management at Fimat USA in New York. “With a long holiday weekend occurring, this might just be an […]

Shell Makes Significant Gas Find Off Norway

Royal Dutch/Shell has found gas at its Onyx prospect in the Norwegian Sea, in what officials said on Monday appeared to be one of the biggest finds in recent years off Norway. “The size of the discovery may approach 60 billion standard cubic metres of producible gas,” the Norwegian Petroleum Directorate (NPD) said in a […]

Danger of new adventures as U.S. losing grip on world events

In fact, a

UK

The PowerSwitch.org.uk website has recently passed the 100,000 visits mark after just 7 months in action, a significant achievement for a website dedicated to a subject that not many members of the British public were talking about a year ago.

2,000 more wind turbines in countryside (UK)

A massive expansion of wind power involving thousands of new turbines will go ahead despite increasingly bitter wrangling over claims that they are despoiling Britain’s countryside. In his first speech since becoming energy minister, Malcolm Wicks, will offer unequivocal backing to the green lobby by insisting it is ‘vital’ the government rides out vocal opposition […]

PM warms to climate evidence (Australia)

GLOBAL warming was real and was supported by scientific evidence, Prime Minister John Howard said yesterday.His comments came as Federal Cabinet considers new proposals tomorrow to help drought-stricken farmers

The new energy shock

With Parliament deadlocked and the NHL playoffs on ice, Canadians can be forgiven for thinking our country is in limbo. But away from those public spats, the economy has witnessed a tectonic shift, the kind not seen in a generation. Oil – $50 (U.S.) a barrel oil – is again transforming our world

Workshop on the Inevitable

In Lisbon, Portugal during May 19-20th 300 people gathered from around the world to discuss the inevitable. The title of the event was the 4th International Workshop on Oil and Gas Depletion. This was a meeting of the Peak Oil community. Most in attendance had come purely for personal reasons, a very small minority had […]

UK suffers as Europe keeps grip on fuel

INDUSTRY and households face at least five years of rising energy bills as gas prices soar. The prediction was delivered to 30 leading gas producers and large manufacturing and generating companies at a briefing hosted by the Department of Trade and Industry and attended by new Energy Minister Malcolm Wicks. The centrepiece of last week’s […]

Pakistani armed force to man Iran-India gas pipeline

Pakistani armed forces may be given a contract for the security of the 760-km stretch of the Iran-India gas pipeline transiting through Pakistan for an annual fee of $100 million. The fee would be in addition to the transit fee Islamabad would earn for allowing the $4.16 billion pipeline to pass through its territory.

Giants vie for LNG links

As Beijing strikes an unusually passive pose – more concerned, perhaps, with security of energy supply than central planning prerogatives – China’s three oil giants are battling tooth and nail for the right to pump billions of dollars into liquefied natural gas projects. Last year, there were eight LNG terminals on the drawing board, mostly […]

Crude oil production and inventory high but why are oil services companies showi

Crude oil production all over the world has reached an unprecedented level. The stockpile of crude oil is also very high. But oil services companies stock charts are saying a different story. They are giving a warning of a genuine energy crisis.

Violence clouds launch of major US-backed Caspian oil pipeline

The planned launch this Wednesday of the 4 bln usd Baku-Tbilisi-Ceyhan pipeline, a major US-backed global energy initiative, has been clouded bya recent violent crackdown on the opposition in Azerbaijan.British oil giant BP holds a 30 pct stake in the consortium running thepipeline. Other consortium members include Azerbaijan’s state oil company SOCAR,Amerada Hess, ConocoPhillips, Eni, […]

Chavez considers breaking US ties

Venezuelan President Hugo Chavez says he will consider breaking diplomatic ties with the US if it fails to hand over a Cuban-born terror suspect. He said Caracas would decide “if it worth having an embassy in the United States, wasting money, or for the United States to have an embassy here”.

US marches toward sanctions on Iran

The George W Bush administration, prioritizing the so-called Iran threat, has picked up speed in its march toward United Nations sanctions on Iran, with key government officials going on the offensive against Iran both on Capitol Hill and at the divisive nuclear Non-Proliferation Treaty (NPT) review conference in New York. Like the jaws of a […]

Asia stumbles blindly into war

The Asian way of resolving conflicts – sweeping disputes or areas of disagreement under the carpet and focusing on developing economic relations – has failed. This is proven by a series of long-standing disputes that have exploded in recent weeks, including a maritime territorial dispute in the Sulawesi Sea between Malaysia and Indonesia, a dispute between […]

High oil prices required, OPEC chief says

High oil prices are needed to help fund higher oil production and exploration by producer countries, OPEC’s president said Saturday. Global demand for oil will rise to 85.5 million barrels per day in the fourth quarter of this year and OPEC is making investments to bring production in line with that demand, said Sheik Ahmed […]

Colombia to help finance oil exploration

Colombia plans to help private companies with the costs of exploring for oil in an effort to halt a recent drop in production that may turn this country from an oil exporter to a net importer, the president of state-owned oil firm Ecopetrol said Friday. Isaac Yanovich said oil-exploration firms that do not have enough […]

Outsized US debt spells big trouble

http://english.aljazeera.net/NR/exeres/F182B3C6-F10B-46A2-A36B-2A1860F3B004.htm

Climate Change Could Crowd Middle of Europe-EEA

The middle of Europe could become crowded by “climate change refugees” escaping a thawing Arctic to the north and Mediterranean droughts to the south, the head of the European Environment Agency (EEA) said on Friday. Indigenous peoples in the Arctic say global warming is a threat to their culture because it melts the ice on […]

Venezuela May Talk With Iran About Developing Nuclear Power

Venezuela is interested in beginning talks with Iran on the possibility of developing nuclear power as an alternative power source in this oil-rich nation, President Hugo Chavez said. “We must start working on the nuclear (energy) issue,” Chavez, speaking during his weekly radio and television program “Hello President,” said Sunday. “If we had the technical […]

Goodbye American Dreamland

A definite trend is afoot. What we can call The Convergence of America is just ahead. It will not be as in the past, but more in spirit as we grapple with the loss of petroleum and the end of economic growth. Rather than as a nationalistic single entity, we will come together in the […]

Risk of Nuclear War is Way Up

Early last summer, Defense Secretary Donald Rumsfeld approved a top-secret “Interim Global Strike Alert Order” directing the military to assume and maintain readiness to attack hostile countries that are developing weapons of mass destruction, specifically Iran and North Korea. Two months later, Lt. Gen. Bruce Carlson, commander of the 8th Air Force, told a reporter […]

OPEC Remarks May Pump Oil Price

Higher oil prices may be looming on the horizon once again after comments from Opec oil ministers over the weekend. Venezuelan Oil Minister Rafael Ramirez said the oil cartel should consider cutting output to guard against a “collapse” in the cost of crude. His Iranian counterpart Bijan Zanganeh said Opec was pumping at full capacity, […]

British Lawmaker: Iraq War Was For Oil

Labour politician and former UK environment minister Michael Meacher has slammed Prime Minister Tony Blair and US President George Bush for starting a war, he says, to secure oil interests. Speaking on Friday on the sidelines of the fourth International Workshop on Oil and Gas Depletion in Lisbon, Portugal, Meacher, a member of the British […]

Oil prices to fall to 30-40 usd per barrel in 2006-07

We don’t anticipate that happening over the course of 2005, but over 2006/2007 particularly as significant new supplies come on stream’, resulting in a rebalancing of supply and demand levels across the oil sector, he added.

Forbes

Fueling America – Oil’s Dirty Future

These oil sands are the world’s most expensive, most polluting source of oil under large-scale production. Wringing four barrels of crude oil from the sands requires burning the equivalent of a fifth barrel. The mines and refineries release huge amounts of greenhouse gases — the equivalent each day to more than a third of California’s […]

Mexico Defends its Policy on Oil After U.S. Comment

Worse, Mexico’s proven reserves are dwindling. Pemex says there is more oil beneath the Gulf of Mexico, but it lacks the cash to drill deeper wells. In February, the world’s biggest oil companies turned down an offer to help Mexico go after that oil, partly because Pemex would own any petroleum obtained from drilling in […]

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