Rising production costs

Raw material costs rose at their fastest annual rate in 20 years in July as soaring oil prices continued to put pressure on UK industry. The rising cost of oil, which has touched record highs in recent weeks, was the main factor in the price hike. BBC

Fuel poverty new social evil

…Looking at modern Britain you could legitimately add fuel poverty to the original list. The rough and ready definition of fuel poverty is of someone who spends more than 10% of their income on keeping themselves warm. While fuel poverty has of course always been around, it emerged as a serious social concern in the […]

Al Qaeda, U.S. Oil Companies, and Central Asia

What is slowly emerging from Al Qaeda activities in Central Asia in the 1990s is the extent to which they involved both American oil companies and the U.S. government.[1] By now we know that the U.S.-protected movements of al Qaeda terrorists into regions like Afghanistan, Azerbaijan and Kosovo have served the interests of U.S. oil […]

India’s First Commerical Discovery Still Producing Oil

The place now known as Digboi marks the site of India’s first commercial oil discovery by the Assam Railways & Trading Company (AR&TC), in 1889. And now, 116 years later, the field still produces oil — it is among the world’s oldest wells which have continuously been in production. Digboi enjoys another distinction as well […]

China Raises Crude, Gas Resource Taxes From July 1

BEIJING -(Dow Jones)- China has raised the resource taxes imposed on crude oil and natural gas effective July 1, the State Administration of Taxation said. The resource tax for crude oil has been raised to CNY14-CNY30 a metric ton, while that for natural gas is now CNY7-CNY15 a kilo cubic meter, a statement posted on […]

Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse

Contemporary warfare has traditionally involved underlying conflicts regarding economics and resources. Today these intertwined conflicts also involve international currencies, and thus increased complexity. Current geopolitical tensions between the United States and Iran extend beyond the publicly stated concerns regarding IranMedia Monitors Network via EnergyBulletin.net

New Presentation from Matt Simmons

New presentation from Matt Simmons , can be viewed as PDF Power Point at Simmons and Company

http://www.simmonsco-intl.com/research.aspx?Type=msspeeches

Fund to back renewable energy, efficiency projects

A new ?50-million (Bt2.5 billion) fund will be established to provide services and investment capital to enterprises and projects that generate renewable energy, enhance energy efficiency and offer energy services in Asia. Seed money for the Private Energy Market Fund 2 (PEMF2) comes from the Renewable Energy and Energy Efficiency Partnership (Reeep), together with its […]

Call for rethink of costs to protect nuclear waste sites

OPPOSITION parties demanded that the cost of protecting nuclear storage facilities from potential terrorist attacks be taken into account when comparing it with other forms of energy.The cost of putting in place security measures reinforces the economic case against nuclear and should kill off the idea of building any new nuclear facilities, as the more […]

OPEC to increase production

OPEC has sought to cool the world oil price surge by ramping production by an extra 300,000 barrels a day.The cartel announced at the weekend that its member states had lifted production to 30.4 million barrels a day over the past two weeks. The president of the Organisation of Petroleum Exporting Countries, Sheikh Ahmed Fahd […]

N.Korean demand for reactors underlines energy woes

North Korea’s demand for light-water nuclear reactors, one of the deal-breakers in the six-party talks that ended in deadlock on Sunday, highlights North Korea’s desperate need for energy. But energy experts said the most pressing need for North Korea is not to look at a future with light-water reactors, but to respond to its present […]

Official: Assam oil production ‘critical’

Suspected rebels launched renewed attacks overnight on pipelines in eastern India, leaving oil operations in the remote region in critical shape, a top oil official said Monday. The explosions came hours after bombings shook a crowded market and crippled two oil pipelines elsewhere in the area in apparent terror attacks ahead of India’s Aug. 15 […]

The Peak Oil Crisis: The Real Energy Bill

Congress has now passed the Energy Bill of 2005 and, as nearly every commentator has observed, it will do next to nothing with Falls Church News-Press

Iraq: The Greatest Prize of All??

We’ve all had a pretty good idea that Iraq is all “about the oil,” with a few caveats like an Islamic democracy, a beachhead in the region, etc., etc.

Whether you view the Bush administration’s approach as disingenuous and benevolent or power-grabbing desperation to aggregate wealth and maintain hegemony, the importance of the strategic value of Iraq in the coming resource conflict is undoubtable. (Though I admit, I truly think a president, faced with the facts of peak oil, from either US party may have taken similar courses between this Scylla and Charybdis, with better or worse strategies and results…simply because of the power/influence of oil interests in both parties. The extreme change that is needed is outside the institutional and practical constraints of our current two-party system.)

More discussion (and a link to PEOz) after the jump at The Oil Drum.

Dubai reaches for the sky

“History Rising” is the slogan of the gigantic construction project set in motion by Dubai ruler Sheikh Muhammad al-Maktoum last year. It has now reached the stage of a 50-metre-deep (165ft) foundation being laid for what is planned as the world’s tallest building Dubai Tower. BBC

Iran in Place to Become Second Major OPEC Oil Producer

According to “Tehran Times”, the Islamic Republic of Iran’s 20- year Outlook Plan recognizes the country as the second major OPEC oil supplier with a share of seven percent in the world crude production. Iran is also expected to emerge the first major producer of petrochemicals in the region in terms of value and the […]

Wildlife moves to stay cool in a warmer world

Salmon swim north into Arctic seas, locusts plague northern Italy and two heat-loving bee-eater birds nest in a hedge in Britain. Signs of global warming fed by greenhouse gases produced by human activity, or just summertime oddities? In the United States, some warblers are flying north to Canada. In Costa Rica, toucans are moving higher […]

Oilcast CDex price forecast within $1: this week $63.03

Oilcast.com’s Cooperative Price Forecast Index (CDex) for the average NYMEX price last week was the closest so far, 94 cents or 1.52% too low . The CDex Forecast for this week is $US 63.03. http://www.oilcast.com/

Over 116,000 ha of forest on fire in Russian Far East

Thirty-three forest fires, covering a total area of more than 116,000 hectares of taiga, are still raging in RussiaItarTass

The Clusterfuck Nation Chronicle

Has the world noted that the conservative establishment in America — including the always prim George W. Bush and his buttoned-down minions, the heavenly hosts of mass-market evangelism, the zillionaire retired CEO authors of how-to-get-rich books, and the media tub-thumpers like David Brooks of the New York Times — I repeat, has the world noted […]

North American drilling continues to climb

US drilling activity continued to increase this week to a 19-year high of 1,436 rotary rigs, up by 24 from the previous week and exceeding the 1,235 units that were working at the same time a year ago, said Baker Hughes Inc. on Aug. 5. All of the gain was in land operations, up by […]

Country to face coal shortage. (India)

The country will face shortage of 23.96 million tonne of coal against its estimated requirement of about 436.46 million tonne during the current fiscal. During the year the total production was estimated at about 412.50 million tonne, according to an official report. Sify

Qatar eyes American natural gas market

Oil and natural gas exporter Qatar is anxious for the United States to open more East Coast liquefied natural gas (LNG) terminal capacity, the US ambassador to the Persian Gulf nation said yesterday. Chase Untermeyer, the Houstonian who took the post a year ago, told a Houston World Affairs Council luncheon audience that Qatar was […]

E=mc2: Congress and the Energy Bill

So marvelous are the benefits that it almost makes a human being giddy. Congress passed an energy bill before its members hurried home to their well-earned rest. (By September 3, when they return, they will have vacationed for 90 days and worked for 153 days. And when a piece of legislation becomes law that provides […]

After Iraq, Who’s Next?

Future global power structures are very much dependent on countries’ economic developments and it is likely that in the next ten to twenty years a dozen or so ’second tier’ countries – population wise – will begin rise to prominency on the world stage. What impact will the increased focus on a primitive factor like […]

Power supply expected to meet demand by 2007

China is expected to see a balance of electricity supply and demand with somewhat of a surplus, said a senior official with China Electricity Council (CEC) Monday. Wang Yonggan, Secretary-General of CEC, made the remarks at a press conference for the “2005 China Power Forum” which is due to be held here from Wednesday to […]

British Gas to hit customers with 10pc price rise

British Gas is expected to announce price rises of 10 per cent or more for its 11 million domestic customers in the coming weeks. Business users will also be hit and some may reduce manufacturing output as a result. Experts in the field are virtually unanimous in predicting that British Gas will follow Powergen and […]

Voters prefer wind farms to new nuclear reactors.(UK)

THE public is sceptical about the case for building new nuclear power stations, despite concerns that Britain may have to rely on imported gas for future energy needs. Hostility to nuclear power is matched by a belief that renewable sources of energy such as wind farms could fill the gap in energy needs in the […]

Oil Prices Climb on Supply Shortage Fears

Markets were unsettled by an array of concerns, ranging from breakdowns in U.S. refineries in the past two weeks to ongoing worries that crude oil and distillates production will not meet peak global demand in the fourth quarter. The U.S. Energy Department report this week showing declines in gasoline inventories exacerbated already heightened fears that […]

How much new US oil? Not a lot.

With alternative energy sources decades from supplying US needs, motorists fretting over the cost of their next fill-up are left to wonder if America will ever wean itself from foreign oil. The long-awaited energy bill was supposed to do much to push up domestic oil and gas production, but as President Bush signs the legislation […]

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