Time to clean up the mess we’ve left

The dirty truth about energy is that there is enough coal, oil and natural gas to last for decades, if not centuries.

But at a national energy conference Thursday on the campus of Case Western Reserve University, Ohio Gov. Bob Taft and other attendees acknowledged the world has little time left to counter the consequences of widespread fossil fuel use before dramatic and expensive action is inescapable.

www.cleveland.com

Oil firm missing billions, critics say

Its profits may be at record highs, but the engine of Venezuela’s economy — the government’s Petr

India Rings Alarm Bells on Monsoon Prediction

An Indian government research body on Thursday forecast dismal rains in the first half of the four-month monsoon season, creating uncertainty about farm growth and crop yields in the farm-dependent economy. Painting a grim picture, the Centre for Mathematical Modelling and Computer Simulation forecast monsoon rains in June to be 34 percent below normal, reversing […]

U.S. Heating Oil Prices Top Gasoline

Futures for U.S. heating oil, which is easier to make than gasoline, briefly surpassed futures for the motor fuel on Wednesday as strong global demand and speculator buying pushed prices higher. Demand for U.S. distillates, which include heating oil and diesel, has risen more than 3 percent this year, more than gasoline or crude, in […]

Hot Summer Could Bring Power Outages, Price Spikes

With forecasts calling for hotter-than-normal temperatures, the nationMSNBC

Canada Facing 2007 Power Supply Crunch – NEB

Canada’s National Energy Board warned that the country’s electricity system could be affected by tight supply within two years unless steps are taken soon. In its Energy Market Assessment, released Thursday, the NEB said that although the supply of power in all regions should be adequate in 2005 and 2006, tight supply conditions could emerge […]

Brazil’s Oil Production Hits Record

Brazil pumped a record 1.73 million barrels of oil a day in May and expects to reach self-sufficiency within a year, the federal oil company Petrobras said Thursday. May output was 1.5 percent higher than in April and fully 21.1 percent more than a year earlier, Petrobras said. Production peaked at 1.82 million barrels on […]

Running Full Throttle, U.S. Refineries Still Can’t Meet Demand for Gas

America’s unquenched thirst for gasoline is stretching the nation’s refineries to their limits. Even so, no new refineries are likely to be built soon, and that helps ensure that gas prices will stay high as America becomes increasingly dependent on foreign-made gasoline. High investment costs and low profits have discouraged the building of any new […]

Siberia Running out of Oil

This very important piece of news is not available in English, so I am providing a brief translation.

No More Non-Producing Oilfields in Khanty-Mansiysk Autonomous Area (Yugra)

Director of the Oil Gas and Mineral Resources Department of Khanty-Mansiysk Autonomous Area (located in Western Siberia and known as Yugra – R.C.) Veniamin Popov recently reported that his region has no more non-producing oilfields (Yugra accounts for 56.4% of Russia’s oil supply – R.C.). Development of the last reserve oilfield in Yugra started in the first quarter of 2005. All the other oilfields of Yugra are being produced and the production is either steady or falling. Because of that, the rate of oil production growth fell dramatically as compared to 2004. Nevertheless, in Q1 of 2005 Yugra supplied 64,471 thousand tonnes of oil (5.22 million barrels a day – R.C.), which represents 1 mln. t. increase over Q1 of 2004.

LINK

A Conversation with geologist Dale Alan Pfeiffer

In this two part interview conducted by John-Michael Dumais of Oasis Forum on WKNH, Dale Alan Pfeiffer speaks on a wide range of issues related to global oil peak. Topics of discussion include the potential relation of peak oil to the recent passing of bankruptcy bill, an examination of the way the resource wars could […]

Hot Enough for Ya?

Break out the beach towels and tanning lotion, Canada’s summer 2005 is expected to be warmer than normal. On Wednesday, temperatures in Toronto reached 25 degrees, while 21 degrees is considered normal for this time of year.

Update of the AMEX Oil Index

Safehaven.com has several interesting articles which will cross over very nicely with topics on this board.  Many of the articles are informative as long as you ignore the “buy gold” appeals and some of the charts are a little too hocus-pocus for my liking.

This article hits on some PO themes and brings up PU (Peak Uranium):

http://www.safehaven.com/article-3178.htm

What Does Peak Oil Look Like?

“Peak oil” — the notion that global production of oil will soon reach its maximum, and will subsequently decline (even while demand continues to rise) — is getting quite a bit of attention lately. It’s not surprising; peak oil is a useful metaphor for the broader problem of not paying attention to longer-term problems, as […]

Caspian Pipeline Consortium Sees Decline in Volumes of Pumped Oil

The Chevron-led Caspian Pipeline Consortium, which pumps crude oil from Kazakhstan and Russia to the Black Sea, said on Thursday, June 2, that its exports fell in May by 40,000 barrels per day from an all-time high reached in April. The group said in a statement that was quoted by Reuters that its shipments were […]

Iraq Oil Exports Running At 1.294 Million B/D In May -US State Dept

Iraq’s oil exports are averaging 1.294 million barrels in the first three weeks of May, down about 7% from levels that prevailed in March and April, the U.S. State Department said in a report dated May 25 but released this week. The data echo comments from Iraqi officials, who have said in recent weeks that […]

RUSSIA AND IRAN JOIN HANDS IN THE CASPIAN

While Central Asia and the Caucasus have been the recent focus of world attention due to the popular revolution in Kyrgyzstan and the massacre in Andijan, Uzbekistan, potentially significant strategic developments there have been unduly neglected. In late April Russia evidently proposed the creation of a new defense formation, specifically a rapid-reaction force in the […]

Aiyar plans oil summit to create Asian oil community (India)

After playing the pied piper to Opec powerhouses from West Asia in January, oil minister Mani Shankar Aiyar is set to play the Great Game on home turf with a conclave of his counterparts from the Caspian, Central Asian and Russian regions in October. This is the second stage of Aiyar’s plan for creating an […]

China’s Manifest Destiny

Legendary scenes of determined settlers bravely moving west in a journey to fulfill America’s “Manifest Destiny” are being quietly resurrected. Only this time, Chinese migrants, not American settlers, are driving west into the cold, forbidding environment of the Russian Far East and Siberia. Russia possesses the world’s largest proven reserves of natural gas and is […]

In battle against heat, state comes up with `tie-breaker’

Japan’s corporate and bureaucratic worlds just got a little less stuffy. The central government started its “Cool Biz” campaign Wednesday, urging civil servants at all levels to wear casual clothes in the fight against global warming and to set an example to ordinary workers.

Ocean current changes could cause climate ‘flip’

Powerful ocean currents are grinding slowly to a halt, raising the possibility of a catastrophic climate “flip” that could chill Europe and warm New Zealand, startling new evidence suggests. Scientists have detected evidence of a slowdown in the ocean currents that control climate worldwide, supporting earlier research on the threats of global warming. Without these […]

U.S. Fed Worries About Increasing Global Risks

Federal Reserve officials can’t be happy with what they see as they look around the world. Economic and political developments in both Europe and Asia are moving in directions that are likely to make the U.S. current account deficit worse, not better, and perhaps making the eventual adjustment in the trade balance more painful for […]

Bolivian city gripped by protests

Bolivia’s political capital, La Paz, has been gripped by demonstrations as protesters demand the nationalisation of the country’s energy industry. Mainly indigenous Bolivians blockaded roads into the highland city and threatened to march on Congress.

Nicaragua announces state of emergency to end energy crisis

Nicaraguan President Enrique Bolanos on Monday ordered a state of economic emergency for 180 days in an attempt to tide over an energy crisis that has forced a three-hour-a-day rationing in the supply of electricity in the country. Bolanos, who announced the measure following a meeting with the cabinet, said the crisis is due to […]

Bases, bases everywhere

The US military has been leaving bases behind after its overseas operations, like a giant beast marking territory with its droppings. The new bases more or less coincide with the world’s oil heartlands of the Middle East and Caspian region.

If oil is running out, can food be far behind?

The amount of energy consumed between the farm gate and the kitchen table continues to rise. Food today travels farther than ever and is processed more than ever before, both entailing heavy energy use. Oil supply fluctuations and disruptions could thus send food prices soaring overnight.

Response plan vital for energy efficiency (India)

Petroleum and natural gas minister Mani Shankar Aiyar on Wednesday said the government would formulate a national response plan to achieve energy efficiency. Addressing a Ficci conference, Mr Aiyar said “the public private panchayat partenership (4Ps) was necessary to involve all villages and cottage industry in achieving energy conservation”. “We must make the people resposible” […]

OPEC unable to increase output: Iran

Iranhttp://www.tehrantimes.com/Description.asp?Da=6/2/2005&Cat=9&Num=6

Opec may not increase ceiling

 Opec

GM and Ford extend sales losses

General Motors Corp. and Ford Motor Co. reported another month of lower U.S. vehicle sales on Wednesday, and both lost more market share to foreign rivals due to slowing demand for fuel-thirsty SUVs.The sales slump at GM and Ford, which prompted further production cuts, cast another shadow over Detroit’s struggling automakers as they grapple with […]

Costs Rising for Saudi Oil Expansion Plans

Tougher-than-expected technical hurdles and an accelerated schedule are quickly raising costs for Saudi Arabia’s ambitious plans to increase its oil production capacity, a Saudi analysts said Wednesday. Obaid said getting oil out of the Khoreis and Khursaniyah oil fields has proven more challenging and required costlier drilling technology then expected. Rigzone

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