Israelis Stop Fuel Supply to Palestinians

RAMALLAH, West Bank – Dor Energy, the Israeli company that provides fuel to the Palestinian areas, is cutting off supplies due to growing debts, Israel and Palestinian officials said Wednesday. Palestinians warned the move would deepen a humanitarian crisis brewing in the West Bank and Gaza Strip. The head of the Palestinian petrol commission, Mujahid […]

Raid on nuclear fuel market

In the background of the political joust about Iran, a few countries are reshaping the world. They are taking possession of the global nuclear fuel market. New IAEA regulations should keep newcomers away. The US, UK, France, Germany, Russia, China and Japan will become world 321energy

When Are We Likely to Run Out of Oil?

Q. How much oil is there, and when are we likely to run out? Earthlocalnewswatch

Summer gas prices threaten to boil over

Drivers will pay more at the gasoline pump this summer than previously thought, the Energy Department said Tuesday in a report that also predicts oil costs will remain high through 2007. Nationwide, retail gasoline prices will average a record $2.71 a gallon over the April-September summer period for regular. That’s up 34 cents from a […]

Copying nature could save us energy, study shows

New technologies that mimic the way insects, plants and animals overcome engineering problems could help reduce our dependence on energy, according to new research published in the Royal Society journal Interface. When faced with engineering difficulties, such as lifting a load or coping with extremes of heat, up to 70 per cent of man-made technologies […]

We just lost 1/2 million bbl per day of spare capacity

The fine folks at the EIA have released their short term energy outlook, which extends to the end of 2007. This isn’t big news because it happens every month, but there are some interesting things in the report….like these ominous statements: World surplus crude oil production capacity, located principally in Saudi Arabia, fell from about […]

Brazil considering new sources of natural gas

Brazil is considering buying natural gas from other countries including Nigeria after its main supplier, Bolivia, demanded higher prices. Importing gas from Nigeria would require building new plants to process liquefied gas brought to Brazil in ships. Business Day (may load slowly)

Growth in Great Lakes Economies Stretches Demand for Fuel

Three weeks ago, a major haulage firm was directed to a transnational’s outlet on Mombasa Road, Nairobi, after making frantic enquiries. On a good day, companies do not bother to ask around where they are to get diesel – as that can be everywhere. But things are quickly changing, for the worse. “In the fortnight […]

Harris Interactive: European Car Buyers Want Fuel Economy, but Not Hybrids

A new automotive study conducted by Harris Interactive in the five largest European countries shows that enhanced fuel economy is the top automotive technology vehicle owners say they are very or extremely likely to purchase for their next new vehicle (41%). This is consistent with findings from a US-based study, also conducted by Harris Interactive, […]

Oil, Gas, Lies and Corruption

I found an Asian oil expert – Hal Hemmerich, who previously built up a Middle Eastern branch of a company called High Arctic Energy Services [TSX:HWO-UN] in from zero to 250 people, doing oil & gas exploration & development work on assets all across Asia. He’s got 30 years experience in oil & gas around […]

Indonesia: World Oil Price Developments Worrying

The soaring of the international oil price to US$75 (US$1=RM3.61) per barrel is worrying because it can disturb the national economy, Antara news agency reported Tuesday, quoting President Susilo Bambang Yudhoyono as saying. “Developments in the world oil price are causing worry because the price has reached US$70 to US$75 per barrel and there is […]

Nigeria’s rebel militants warn attacks on oil facilities

In an e-mail message to Xinhua, Jomo Gbomo, a self-described spokesman for the Movement of Emancipation of the Niger Delta (MEND) said the public should right now “keep away from the offices of all oil companies including the Nigerian National Petroleum Corporation.” He said all facilities utilized by oil companies would be targeted, including petroleum […]

Saudi Oil Minister Warns of Refinery Depression

The world’s largest oil producer, Saudi Arabia’s Oil Minister Ali al-Naimi, said the world will face a serious refinery problem in the next four years. The minister noted that the Organization of Petroleum Exporting Countries (OPEC) will be able to meet the growing global crude oil demand, but announced the world will face a serious […]

Preparing for the end of an era…without petroleum

Oil is running out. If we keep using it at the present rate (plus a 3% increase in demand per year!) all known stocks will be exhausted, according to the latest estimates, sometime between 2050 and 2080. As each of the world’s 4,000 or so oil-fields reach maximum “production”, decline to zero and close an […]

Renewable Energy Seen through the Lens of Social Science

“The title is fancy, but the project is relatively simple,” Sovacool said. “Distributed generation, or DG technologies, refers to small, decentralized power generators that make electricity close to the point of consumption. They include renewable energy resources like wind turbines and photovoltaic (solar) panels, but also small non-renewable resources like fuel cells, micro-turbines, and reciprocating […]

Pain At The Pump: Government Gas Secrets

Yahoo! News – The government has been keeping a secret about automobiles under wraps for the past 30 years. Reporter Michelle Meredith teamed up with Consumer Reports to explain why your car probably does not get the mileage advertised.Yahoo! News

Norway’s Oil Production Falls in April

People’s Daily Online – Norway’s oil companies are reporting record first-quarter profits based on high prices, but a new study suggests production took a dive in April, said reports reaching Stockholm from Oslo on Tuesday. The Norwegian Petroleum Directorate reported that production fell to its lowest level in nearly 12 years last month, because of […]

Reserves Plan for Resources

The Standard, Hong Kong – China plans to start building strategic reserves for uranium, iron, copper and other key mineral resources, and accelerate the construction of strategic petroleum and coal reserves as part of the government’s official five-year plan, said the Ministry of Land and Resources. The ministry is aiming to add proven reserves of […]

When Are We Likely to Run Out of Oil? – Washington Post

Q. How much oil is there, and when are we likely to run out? A. Most industry and government analysts believe petroleum will be a growing energy source for decades to come. And depending on a variety of financial, environmental, technological and geopolitical factors, oil could be with us _ albeit in shrinking volumes _ […]

ASPO May newsletter

The May ASPO newslwetter is now available:
http://www.peakoil.ie/downloads/newsletters/

EIA: 2Q World Oil Use Forecast +200,000 B/D; China Unchanged

NASDAQ – Global oil demand in the current, second-quarter will be 200,000 barrels a day higher than projected a month earlier, the U.S. Energy Information Administration said Tuesday. The EIA now expects demand in the quarter to be 83.8 million b/d, for a year- on-year growth rate of 1.7%. EIA left unchanged from last month […]

EIA: April OPEC Oil Output 29.78 Million B/D Vs 29.69 Million B/D Mar

NASDAQ – The Organization of Petroleum Exporting Countries produced 29.78 million barrels of crude oil a day in April compared with 29.69 million b/d in March, the U.S. Energy Information Administration said Tuesday. Excluding Iraq, OPEC members’ output averaged 27.88 million b/d in April compared with 27.79 million b/d in March. “OPEC members’ crude oil […]

The Oil Drum: The Limits of Biofuels

One question that always arises with biofuels is “How much can we really produce?” For most fuels, this depends upon the feedstock, i.e., corn versus cellulose for ethanol. However, there are definite limits, and as time progresses, my guess is that we will see more and more proposals like the one below the fold: The […]

US group to make power conservation a commodity

NEW YORK (Reuters) – U.S. companies and organizations that conserve electricity by switching to more efficient lighting or by moderating heating and cooling will earn a credit they can trade or bank. That’s the hope of Sterling Planet, a Georgia-based company that has created “white tags,” or tradable certificates that are similar to “green tags,” […]

Saudi Oil Min: Oil Prices to Be ‘Firm’ Rest of Decade

Schlumberger – Saudi Arabian Oil Minister Ali al-Naimi said Tuesday he believes crude oil prices will “stay firm” for the rest of this decade due to strong economic growth, tight refining capacity and the long lead times needed to bring new oil capacity into service. “It is not my nature to forecast oil prices…Nevertheless, I […]

China, Cuba reported in Gulf oil partnership

(CNNMoney) – Plans for foreign oil companies, some from India and China, to drill off the cost of Cuba are prompting calls from lawmakers to ease environmental restrictions that prohibit coastal drilling in most of the U.S., according to a report Tuesday. At a time of rising soaring gasoline prices caused partly by a lack […]

Big changes are in store for Big Oil

BusinessWeek – MSNBC While most analysts think oil will hover at its current price, some think that if prices mimic the last big runup between 1970 and 1980, oil could hit almost $200 a barrel by decade’s end, or about $6 for a gallon of gas. Some options traders are already betting that oil, now […]

Soaring fuel prices send United earnings down

“No way United could turn a profit with this dire fuel situation” High fuel prices are still dogging no-longer-bankrupt United Airlines, which reported a $306 million loss for the first quarter, excluding reorganization gains. Shares of United’s parent company, UAL, fell almost 9 percent Monday after the company released its first quarterly earnings report since […]

Time’s up: Alt-fuels offer best bet in energy crisis

Samuel Beckett’s classic play Waiting for Godot features two tramps who hold vigil by a tree and wait for the arrival of M. Godot, who never comes. That’s us. We’re standing by waiting for the silver bullet that will give us a painless alternative to our massive consumption of oil. There is no silver bullet. […]

‘India must raise fuel prices to ensure growth’

NEW DELHI: India must raise domestic fuel prices and reform the sector in order to sustain high rates of economic growth, an industry lobby group said on Monday. Surging global oil prices pose major risks for India, which imports 70 per cent of its oil, and could prevent Asia’s third-largest economy from achieving sought after […]

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