The Oil Drum: Numbers and the State of the Union Energy Segment

The President’s State of the Union message divided his energy initiative into two parts. The first deals with the stability of the supply of energy to the electric grid, and the second dealt with fuels for transportation. Both are fossil fuel dependant, but it is in transportation that the dependance on foreign oil is most […]

Sen. Specter: Congress to act on rising fuel prices

Pennsylvania Republican, head of Judiciary panel, says he’s shocked by the size of oil company profits. WASHINGTON (Reuters) – The chairman of the Senate Judiciary Committee said Wednesday that Congress would attempt to address growing concerns about rising fuel prices and soaring oil industry profits. “We intend to do something about” rising prices to consumers, […]

Refineries cut production to protect gasoline profits

NEW YORK – Oil refiners cut fuel production in some states this week to counter slipping profit margins, drawing fire from critics already incensed by soaring gasoline prices and Big Oil’s recent record profits. San Antonio-based Valero Energy Corp., the nation’s largest fuel producer, said Tuesday it slowed output from its refinery in Ohio by […]

Wash. Weather May Be Killing Seabirds

The mass starvation deaths of murres on Tatoosh Island off the Olympic Peninsula may be due in part to unusual weather patterns along the West Coast, scientists say. ..At the same time, researchers recorded low catches of juvenile salmon and rockfish, and there were sightings of emaciated gray whales. Those findings were preceded by the […]

Fossil-Fueled Worries

Global business leaders are looking outside the box for new energy sources. Don O

Mixed reaction to Bush energy plan

OSLO, Finland (Reuters) — President George W. Bush’s call to break a U.S. addiction to oil is a step to curb global warming but does not herald conversion to a U.N.-led plan to slow climate change, experts said on Wednesday. Bush said in his State of the Union address that he would seek to break […]

Iran moves to ease oil concerns

Iran has moved to reassure the West that it does not plan to reduce its oil exports if the UN introduces sanctions against its nuclear ambitions. Its oil minister Kazem Vaziri Hamaneh said the issues were entirely separate. Speaking ahead of a meeting of the oil producers’ cartel Opec, he said “from our point of […]

JetBlue swings to loss on fuel prices

NEW YORK (MarketWatch) — JetBlue Airways Corp. on Wednesday posted a fourth-quarter loss – its first as a public company – hurt by high fuel prices and the 2005 hurricane season. The low-cost carrier also forecast a loss for the first quarter and the year. Shares were down 8% to $12 in premarket trading on […]

Turkey Pays Dearly For Natural Gas

The details of the recent debates over the price of natural gas are starting to come to light. Documents acquired by Zaman show that Turkey paid Russia $243 and Iran $236 per thousand cubic meters natural gas; while, Georgia pays just $110, Greece $207, Germany $217 and Austria $221 for the same amount of gas. […]

Reflections on energy and our future

CALIFORNIA – We lived without electricity for a few days. The wind blew, trees fell, and people lost connection to the electric grid. There was still natural gas for cooking and heating water, comforts that made it bearable with no electricity. For those without wood stoves, it was a cold couple of days. Lots of […]

A failed oilman talks about failed oil

The Permian Basin POTUS, beating Punxsutawney Phil to the punch by a little more than 24 hours, stuck his head out in public last night, saw the threatening shadow of GOP defeat this fall, and proclaimed something that we already know: We’re “addicted to oil.” The dreaded “peak oil” theory, ignored by most of the […]

ExxonMobile: the Shame, the Ideal & the Practical

ExxonMobile is boasting the highest yearly profits ever generated by a corporation. This in a year when oil prices reached a record high due to war, infrastructure problems, natural catastrophes, depletion, and Yet the irresponsibility here goes much further. It is inequities such as the grotesque profits of the oil companies in contrast to the […]

Burned once, oil producers approach new price boom cautiously

Oil producers have wised up. More money is saved than ever before; more jobs are being created in the private sector; real estate and stock markets are booming; and governments are encouraging a diversification of their economies to move them away from oil’s increasingly volatile cycles…Analysts following the oil policies of Organization of the Petroleum […]

The Peak Oil Review Vol 1. No. 4

January 30, 2006 Vol 1. No. 4
1. Oil approaches all-time high on weather, Iranian, and Nigerian situations
2. The European cold snap
3. Hamas
4. Saudi king visits China
5. Energy briefs
Commentary: The Impact of Technology on Ultimate Oil Recovery Values

ASPO-USA [PDF]

EU climate change target ”unfeasible”

The EU is unlikely to meet its target to maintain global warming below 2EurActiv

Putin sees healthy balance in Russia’s energy sector

Russian President Vladimir Putin played down fears Tuesday that the Russian state could look to tighten its hold on the country’s oil and gas assets, and use its dominance in the sector to increase political leverage over neighboring countries. The government would not look to nationalize or “interfere with” Russia’s remaining independent energy companies, Putin […]

Why Cuba is Undertaking an Energy Revolution

What is the relationship between the new Chinese rice cookers that are currently being sold to all Cuban families and a young social worker inside a gas truck? What is the link between replacing lighting with energy-efficient bulbs and the world market price of oil?..If one takes a close look at all the measures that […]

Energy crisis prompts concern for bread prices

The sight of Georgians standing in long lines to buy kerosene or firewood became a common occurrence over last week’s energy crisis. But the crisis has caused scores of other concerns, including worries about bread production. Many evenings last week stores had exhausted their bread supplies and it was widely reported that bread came more […]

Ontarians told to save energy or face blackouts

The Ontario government is warning people to start conserving energy now or face the possibility of another blackout. “All we’re asking is conserve like hell,” former Toronto mayor Mel Lastman said on Tuesday. Ontarians are being reminded of the blackout in the summer of 2003. People were told to conserve energy then, but the message […]

Eating local for the winter

Thankfully Bill McKibben doesn’t depend on coffee or tea to begin his day. If he did, the environmental writer and Middlebury College scholar-in-residence might have had a more challenging time surviving for seven months almost entirely on foods grown within a few dozen miles of his Ripton home. ..”We face very big environmental issues, especially […]

The biggest profit

Global petrol giant ExxonMobil has given motorists another 50 billion reasons to feel fleeced, reporting the world’s biggest ever profit… The mega profit has outraged America and is bound to stir further resentment in Australia where oil companies have been accused of gouging consumers at the bowser. Daily Telegraph

The Oil Drum: The Black Death as a Case Study for Peak Oil?

One of the nice things about studying history is that you get to look at a good number of specific examples of how people, individually and in groups, have responded to challenges. What history shows us is that societies do not necessarily respond to horrible catastrophes by collapsing, nor do they always transform themselves overnight. […]

RISING COSTS LEAVE FARM INCOMES AT A STANDSTILL

The figures, released by Defra today, reveal that in 2005 farm incomes dropped by 11.4% in real terms as a result of rising costs over the past 12 months with farmers and growers unable to pass these increases up the supply chain*. Energy costs are the main area of concern with expenditure on energy inputs […]

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