More mass transit riders amid high gas prices

ALBANY, N.Y. – Commuter rail, bus and subway ridership has risen across the country with more people turning to public transportation amid skyrocketing gasoline prices, officials said Tuesday. Transit authorities around the country are reporting increased ridership with higher revenue, more crowded rail cars and buses and more hits on their Web sites. MSNBC

The Oil Drum: Peak Oil and Community Solutions II (Saturday)

A complete breakdown of the second day of the Yellow Springs, OH Community Solutions conference held last weekend…and oh so much more, after the jump to The Oil Drum.

Gold Reserves May Have To Be Pledged For IOC Oil

Nepal may have to pledge its gold reserves for importing petroleum products, if the Nepal Oil Corporation (NOC) fails to pay dues worth Rs 2.40 billion to Indian Oil Corporation (IOC) by this month-end, the rescheduled deadline. NOC is supposed to clear its import bill by the 15th of each month. The Indian oil supplier […]

Is Oil Sands Production Losing Steam?

Soaring natural gas prices could create a problem for Canada’s gas-dependant oil sands industry, such that even a modest improvement in how the gas is metered can have a dramatic impact on costs. With estimated reserves second only to Saudi Arabia, this region in the Canadian province of Alberta is receiving even greater attention from […]

Iran warns atomic opponents trade ties may suffer

TEHRAN (Reuters) – Iran threatened on Tuesday to use trade ties to punish countries that voted against it at the U.N. atomic watchdog, after Tehran failed to convince the world its nuclear ambitions were peaceful. The news could prove to be a sharp blow to India and Japan, both looking to sate their voracious appetites […]

Fiscal Unsustainability

Now that we are starting to pick up the pieces from Katrina and Rita, slowly calculating the costs of reconstruction as well as the economic impact this has had on a whole region of this country, we face hard choices on how all of this is going to be paid for. No matter what your […]

Energy Prices, Hedge Funds & the Coming Energy Crisis

The funds have been blamed by the media, politicians and others for running up the price of energy commodities through speculation activities. In 2004, energy commodity hedge funds returns seemed to bear out some of this sentiment as they made spectacular returns in the 20-100+ percent range, but 2005 has so far proven to be […]

ASPO-USA Denver World Oil Conference Nov 11-23, 2005

A high-level conference to discuss the impacts of a peak in world oil production will be held in Denver, Colorado on November 10-11, 2005. The two-day forum is sponsored by the City and County of Denver and ASPO-USA. Keynote speakers include Matt Simmons, author of Twilight in the Desert, a study of Saudi Arabia

EIA graph of GOM Shut-In Production Comparison: Ivan, Katrina, Rita

Click Here:

http://tonto.eia.doe.gov/oog/special/images/comp_ivan_katrina.gif

Rita causes record damage to oil rigs

Hurricane Rita has caused more damage to oil rigs than any other storm in history and will force companies to delay drilling for oil in the US and as far away as the Middle East, initial damage assessments show.Financial Times  ODS-Petrodata, which provides market intelligence to the offshore oil and natural gas industry, said it […]

China wants a slice of the uranium cake

SYDNEY – Through the darkest days of the Cold War, the world’s largest uranium reserves stayed mostly untouched in their underground deposits, in a silent warning of the dangers of nuclear proliferation. But a different kind of fright factor has dredged up a new debate over what to do with thousands of tons of Australian […]

Oil firms, gas stations accused of price gouging

New Jersey suit seen first action after Katrina boosted pump costs TRENTON, N.J. – New Jersey has sued three oil companies and several gas stations for allegedly gouging drivers during Hurricane Katrina. The lawsuits accuse Hess, Motiva Shell and Sunoco with artificially inflating gas prices and for increasing prices more than the once-a-day legal limit. […]

BARTLETT Transcript

REPRESENTATIVE ROSCOE G. BARTLETT MARYLAND 6TH DISTRICT 2005 ENERGY CONFERENCE MONDAY, SEPTEMBER 26, 20059:00 A.M. REPRESENTATIVE ROSCOE G. BARTLETT (R-MD):  Good morning and thank you all very much for coming.  This is kind of like coming home to me.  I worked here for 12 years at the community college, taught anatomy and physiology to the […]

Opec must be open about reserves, Brown demands

GORDON BROWN has called on Opec, the oil cartel, to become more transparent and to promote alternative sources of energy, as a new survey showed that European oil and gas reserves last year slipped for a fourth year in succession.London Times

Oil and fuel prices staying high

Oil and fuel prices are staying high amid concerns that production and refining facilities will be slow to recover after Hurricane Rita. Initial optimism that facilities would be back working quickly has faded, and it now looks as if it will take weeks BBC

It’s better to cry wolf now than to wait until the oil has run out

Are global oil supplies about to peak? Are they, in other words, about to reach their maximum and then go into decline? There is a simple answer to this question: no one has the faintest idea. Whom should we believe? I have now read 4,000 pages of reports on global oil supply, and I know […]

Wholesale gasoline spikes after Rita

Prices shoot above $3 a gallon on Gulf Coast; prices at the pump could be heading higher too. NEW YORK (Reuters) – U.S. drivers who hoped for some relief from the high gasoline prices that followed Hurricane Katrina may be in for a surprise as prices head back up after Hurricane Rita. Wholesale gasoline prices […]

Another Spike in Gas Prices

Gasoline prices are on the rise again (and oil companies are reaping big profits); meanwhile, President Bush is calling on Americans to conserve fuel. NBC’s Alexis Glick reports.

MSN Video

Parents protest Georgia school closures

ATLANTA, Georgia (AP) — Hundreds of thousands of Georgia children got a break from classes Monday after Gov. Sonny Perdue asked schools to close for two days as a hedge against possible fuel shortages, leaving many parents struggling to arrange child care. The shortages that Perdue feared never materialized, largely because Hurricane Rita proved less […]

Before the Oil Runs Out: How Will This Era End?

But is the world really running out of oil? The short answer is no. Earth is swimming in the stuff. What’s changed is that the era of cheap oil Blah blah, World running out of oil, blah blah, America to blame, blah blah, no more cheap oil, blah blah blah

Saudi Oil: A Slippery Future?

With high energy prices and pressing concerns about supply disruptions, the arguments over the state and fate of the global oil economy keep getting more interesting by the day. For example, while Saudi Arabia’s oil minister, Ali al-Naimi, recently made some soothing comments at the World Petroleum Congress, plenty of people out there are far […]

Not to worry, there’s plenty of oil

“Saudi Arabia, Exxon Say Oil Will Last for Decades (Update7)
Sept. 27 (Bloomberg) — Saudi Arabia’s oil minister and the president of Exxon Mobil Corp. said world petroleum reserves will last for decades, seeking to ease concern about supplies and near- record prices.

“Saudi Arabia, the world’s largest oil producer, will “soon” almost double its proven reserve base, said Oil Minister Ali al- Naimi. That will add 200 billion barrels to the current estimate of 264 billion, he said. Exxon Mobil President Rex Tillerson said the world may still have more than 3 trillion barrels from conventional oil fields, oil sands deposits and other sources.

bloomberg.com

The Oil Drum: Gasoline Stocks are way down…get ready to pay…

This is the current picture of the US gasoline stocks, as posted at the EIA site. You need to scroll down the site to see the graphs. The recent fall is quite marked. But I would like to reiterate something that Edward Tufte has taught me (by reading his books), and that is that you […]

New process for Colorado oil shale

Essentially, the process treats dry oil sand or shale without prior enhancement in a specially designed reactor that is heated and pressurized by recycled hot hydrogen, which is in turn partly replenished as reactions take place.

The approach thus avoids the use of the physical and chemical pre-processing units used to upgrade wet tar sand and produces less stack gas and substantially no coke.

greencarcongress.com

Rita causes significant offshore damage

Rita may have landed at Sabine Pass as a category 3 hurricane but she plowed through Gulf of Mexico offshore oilfields at a Category 5 level knocking down jackjup rigs and setting deepwater floating rigs adrift. As storm generated seas rose to meet the US Gulf continental shelf drilling rigs and fixed production platforms were […]

Urgent Request

PO.com needs a volunteer to record this CSPAN Event for rebroadcast here, at the request of Representative Bartlett.

We need it in digital format, with adaquate resolution.

Please contact Aaron if you can help.

Thanks in advance.

Bartlett, Roscoe, U.S. Representative, R-MD
Deffeyes, Kenneth S., Professor Emeritus, Princeton University, Geology
Simmons, Matthew, Chairman and CEO, Simmons International

Rep. Bartlett sponsors an energy conference regarding high gas prices, the economy, and national security. Topics include peak oil and sustainability post-peak.

The growing cost of growing wheat

Walla Walla Union-Bulletin: …“I’m not sure anyone is aware of it, but energy prices are quickly making the continuation of wheat farming questionable unless something begins to change soon,’ said Walla Walla County farmer Nat Webb. Over a relatively short period of time, fuel prices have tripled and the cost of fertilizer has doubled, Webb […]

Bush Tries to Reassure Public on High Petrol Prices

President George W. Bush on Monday made a rare public appeal for Americans to share cars and curb non-essential driving as part of an effort to reduce high petrol prices following the two hurricanes that have struck the Gulf of Mexico coast. Financial Times

Alternative Fuel? Try Hay

Mellissa Evans thought she had found a new way to rein in her expenses as gasoline prices escalated. The Tooele High School senior began hoofing it to school this week on her 11-year-old gelding, Nighthawk. Joined by junior Chapa Stevenson and her horse, Wink, the pair made the 30-mile trek between their homes in Rush […]

95 Oil Companies to Set Up New Database

RIYADH, 25 September 2005 Arab News

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