Oil prices may go down in 2008

Larger supplies, more energy alternatives, and a slowing economy could be factors. New York – Many energy experts are predicting that the price of oil will fall in 2008 from its current level of about $93 a barrel. Behind the predictions: a slowing US economy and stronger production from both OPEC and non-OPEC sources. In […]

Chavez’s oil has nothing to do with his barbs at Bush

I’ll be burning Hugo Chavez’s oil this winter to stay warm. While I personally am not eligible to receive the Venezuelan oil Chavez has donated to low-income Native Americans in Alaska, my roommate is. Because she’s Tlingit, a native tribe located in Southeast Alaska and western Canada, we’ll be warming ourselves during the cold Alaskan […]

Equipment Makers Profiting More From Oil Prices Than Producers

Oil prices above $90 a barrel are doing more for shareholders of Cameron International and Baker Hughes than Exxon Mobil and Chevron. A lot more. Exxon, the world’s largest oil company; Chevron, the second-biggest in the United States; and the rest of the industry are struggling to increase production and profits because the most promising […]

The Oil of Christmas Future….

In the last 9 years, holiday retail sales have increased 50% to $475 billion, a decent chunk of a $13 trillion total GDP. As we’ve discussed (in detail!) here over the past 2 years, oil is the lifeblood of our transportation system, and thus our economy. Below is a short Christmas post showing the trend […]

Kamchatka Gas Crisis Won’t Spread to Moscow

President of the Moscow Fuel Association Evgeny Arkusha has told RIA Novosti information agency that there will be no gasoline crisis in the Russia capital of the type now occurring in Kamchatka. Gasoline sales at filling stations in Petropavlovsk-Kamchatka are limited to 30 liters per person because of a shortage of fuel. High-octane gasoline is […]

Green before it was ‘in’: Santa Clara banks land

ACRES FOR ENERGY USES: GEOTHERMAL, WIND TURBINES Trivia question: Which South Bay city lays claim to more land outside its city limits than inside? The answer: Santa Clara, which owns about 12,586 acres throughout the East Bay hills and Sierra Nevada. That’s slightly larger than the entire city footprint, from the tip of Highway 237 […]

Mexican oil port reopens after bad weather

MEXICO CITY, Dec 25 (Reuters) – Dos Bocas, one of Mexico’s three main crude oil-exporting ports, reopened early on Tuesday after a two-day closure due to bad weather, the transport ministry said. A cold front whipped through the Gulf of Mexico over the weekend, closing all three oil ports on Sunday. Two of the ports, […]

A-Z of tips for a green Christmas

Christmas doesn’t have to be a time of excess if you follow a few simple steps Are you dreaming of a green Christmas? Follow our A-Z of tips and find out how you can enjoy the festive season without costing the earth. A is for artificial trees These are not necessarily greener – although they […]

Global tyre shortage threatens to stop mining industry in its tracks

Times have never been better for the mining industry. Driven by insatiable demand from an industrialising China, the industry is awash in unprecedented billions. Yet the flip side of the boom is that every nook and cranny of the infrastructure, after years of under-investment, is groaning under the strain of the round-the-clock race to dig […]

Archbishop warns over environment

The Archbishop of Canterbury has warned that human greed is threatening the environmental balance of the Earth. In his Christmas sermon, Dr Rowan Williams called on Christians to do more to protect the environment. The planet should not be used to “serve humanity’s selfishness”, he told worshippers at Canterbury Cathedral. BBC

Nepal: YCL does Robin Hood!

Pretty much like the legendary Robin Hood and his band of outlawed men who were known for robbing the rich to provide for the poor, cadres of the Young Communist League (YCL) distributed more than 12,000 liters of kerosene freely to common people Monday after seizing it from Syarsekali Petrol Pump in Sunsari district during […]

Oil Price Predictions and Break-Even Prices

The US Department of Energy The Dept. of Energy is therefore predicting an approximate 38% decline in oil prices over the next 8 years. Their short term prediction for 2007 back in 2006 was for crude to be around $57

Australia: Watchdog opens another oil front

THE competition watchdog plans to break big oil’s control of the nation’s fuel storage facilities in a bid to open up the retail petrol market to competition from imports. Australian Competition and Consumer Commission chairman Graeme Samuel told The Australian there was insufficient storage at oil terminals to encourage the development of independent retailers, who […]

Electrifying America : Social Meanings of a New Technology – Book review

Commonly taken for granted in today’s society, a century ago the electrification of modern lighting and home and industrial activities was cutting edge technology. Other than those brief periods when an ice storm or summer thundershower disrupts service, few tend to remember how extensive and relatively recent the changes in our lives that electricity has […]

Climate Change Malpractice

The Bush administration won’t lead. And now it won’t get out of California’s way, either. THE INK was barely dry on the energy bill signed by President Bush last week when Environmental Protection Agency Administrator Stephen L. Johnson used it as a wobbly crutch to deny California’s request to institute tough tailpipe emissions regulations. “The […]

Pope laments selfishness, harm to environment in Xmas homily

Pope Benedict XVI has used his Christmas homily to speak out against selfishness and the degradation of the environment as he celebrated midnight mass at Saint Peter’s Basilica. “Man is so preoccupied with himself, he has such urgent need of all the space and all the time for his own things, that nothing remains for […]

India: Blockade by tribal protesters hits oil production

Guwahati AAMYCS has been pressing OIL to announce a Rs10bn ($253m) economic package for the Muttock ethnic group, who dominate certain areas where the company operates in eastern Assam. “Oil production has been hit and several operational sites were forced to shut down as we were unable to send our workers due to the strike,” […]

UK: Advent of the

MILLIONS OF households could be hit by 15% price hikes in their energy bills next year, which could lead to the return of average bills in excess of British Gas, the UK’s biggest energy supplier, has already put up prices for its tracker customers, by 13% for gas and 15% for electricity. Tracker tariffs follow […]

South Korea Arrests 2 Captains in Huge Oil Spill

SEOUL, South Korea (Agence France-Presse) The barge smashed into a 147,000-ton oil tanker, the Hebei Spirit, which was at anchor. The crash ripped three holes in the tanker

In the Age of Noah

A couple of weeks ago, The Times Or as God commanded Noah in Genesis:

Experts Warn Russia Seeks Influence Over Vast Caspian Oil Reserves

Rising oil prices, a resurgent Russia and continued turbulence in the Middle East have intensified competition for control of the vast oil and gas reserves in the Caspian Sea. The competition, involving big business and power politics, pits Russia against the West. At stake, some experts say, is world domination of the energy market. VOA’s […]

China’s oil consumption edges up

Beijing: China’s apparent oil consumption crept up just one per cent in November from a year earlier, hit by fuel shortages that persisted through the month in spite of a string of government moves to smooth supplies. China’s refiners retreated from the market in the autumn because low state-set prices, combined with global crude markets […]

Groups that help needy feeling pinch this season

Shortfalls in holiday donations of gifts, food, clothing and cash for the needy are dimming Christmas spirit at many non-profit groups. “It is certainly the bleakest year we’ve ever had,” says Mary Perez, founder of Christmas For Everyone, which for 22 years has provided gifts, clothes and holiday feasts to about 3,000 low-income, homeless and […]

Algerian fuel reserve enough for 40 years ahead – minister

ALGIERS, Dec 24 (KUNA) — Algerian Energy and Mines Minister Shakib Khalil said Monday that Algeria’s fuel reserve would last for 40 years ahead, revealing that there was more than 1.5 million square kilometers of Algerian lands contained oil and natural gas reserves. Speaking to the press, Khalil stated that news regarding the lack reserve […]

Kunstler: A Christmas Eve Story

Two things happened to me over this weekend before Christmas that jarred me a little. One was when an old friend said I sounded crazy, and the second was when I read the galley proof of Dmitry Orlov’s forthcoming book, Reinventing Collapse (New Society Press, Spring 2008). I ran into my old friend “G” on […]

Oil gains on tight US stocks, Mexico port closures

BOSTON, Dec 24 (Reuters) – Oil prices rose on Monday in thin trading as dealers anticipated a further tightening of U.S. energy stockpiles and foul weather forced Mexico to shut two key oil ports. The gains, however, were tempered by forecasts that mild weather in the Northeast would slash demand for fuel in the world’s […]

Non Peak Oil Update

In 2006 I wrote a little op-ed piece for Lew Rockwell about the fallacies of Peak Oil. I asserted that proven oil reserves seem to go up every year in spite of both the warnings that we are running out, and that we are consuming it at an every increasing rate. Let Radford University offers […]

Another Energy Shortfall

If you have math-whiz kids, consider encouraging them to become petroleum engineers. They’ll make a fortune, and probably spend time in such garden spots as Kuwait, Kazakhstan, or scenic Sakhalin Island. As BusinessWeek recently noted, a growing shortage of technical types — petroleum engineers, geophysicists, technicians — is now plaguing the energy producers and their […]

Russia may tighten equity deals with large fields

MOSCOW, Dec 24 (Reuters) – Russia’s Resources Ministry will propose easing access to state auctions of large oil, gas or metal deposits by foreign companies but will tighten control over large equity deals, minister Yuri Trutnev said on Monday. Analysts said the measure if approved would bring clarity to rules by which the Kremlin will […]

Kazakhstan: Exxon stalling oil field deal says government

Astana, 24 Dec. (AKI) – The international consortium due to exploit the Kashagan field – believed to be the world’s biggest oil discovery in three decades – now has until 15 January to finalise the details of the deal, the Kazakhstan government announced. Agreement has been reached with all the consortium members except American oil […]

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