Strike shuts 200,000 bpd of Exxon Nigeria oil – source

LAGOS (Reuters) – A strike by workers at Exxon Mobil in Nigeria has forced the company to shut down some 200,000 barrels of crude oil output, a senior union official said on Friday. “As we speak now, about 200,000 barrels have already been shut,” the official, who asked not to be named, told Reuters.

OPEC oil output to dip in April – Petrologistics

LONDON (Reuters) – OPEC oil supply in April is expected to slip by 100,000 barrels per day (bpd) from March, led by lower supply from Iraq, Iran and Nigeria, an industry consultant said on Friday. All 13 members of the Organization of the Petroleum Exporting Countries are set to pump 32.5 million bpd this month […]

UK: Petrol crisis looming as fuel fears grow

Britain could be on the brink of a petrol shortage as work begins to close a pipeline that delivers 30% of the UK’s oil. It’s feared a two-day strike at the Grangemouth refinery could spark panic buys at petrol stations. The two-day strike by up 1,200 workers at the Grangemouth refinery in Scotland, which starts […]

Good-Bye, Cheap Oil. So Long, Suburbia?

Author James Kunstler says the Automotive Age is almost history and deconstructs McMansion living The suburban landscape has been marred by foreclosures and half-built communities abandoned in the subprime aftermath. But James Howard Kunstler, author of a dozen books, including The Geography of Nowhere: The Rise and Decline of America’s Man-Made Landscape, thinks there’s a […]

Many Mexicans see oil as last frontier against US invasion

MEXICO CITY — Even with oil at $118 a barrel, Mexico’s state-run oil company is losing money. But a presidential plan to fix Petroleos Mexicanos by inviting foreign help is riling deep-seated emotions over sovereignty – and causing a paralysis that could doom America’s third-largest oil supplier. Leftist legislators have padlocked the doors of Congress, […]

Con Ed settles complaints over 2006 blackout in Queens

Residential customers who lost power for up to 10 days during a sweltering summer blackout in 2006 would receive a one-time payment of $100 from Consolidated Edison under a settlement proposed Thursday by the private utility. The $17 million proposal includes payments of $350 for some large businesses, according to paperwork filed with the state’s […]

Warming shifts gardeners’ maps

Every gardener is familiar with the multicolor U.S. map of climate zones on the back of seed packets. It’s the Department of Agriculture’s indicator of whether a flower, bush or tree will survive the winters in a given region. It’s also 18 years old. A growing number of meteorologists and horticulturists say that because of […]

Water Needed To Produce Various Types Of Energy

ScienceDaily Younos said they based their calculations on available governmental reports by using a standard measurement unit, which makes this study unique.

Pump glitch adding to gas costs

Common problem with gas pump mechanism could add as much as $5 per fill up, also cheats gas station. ALBANY, N.Y. (AP) — Angry about the price of gas? Just imagine paying for gas you don’t get. Some alert consumers have noticed it over the years: A pump that seems to hesitate a second when […]

Suncor CEO says current oil prices unsustainable

CALGARY, Alberta (Reuters) – Current oil prices above $115 a barrel are not sustainable over the long term, but the oil industry needs at least $75 a barrel to attract investment and bring on increasingly tougher to find reserves, Suncor Energy Inc’s chief executive said on Thursday. “To keep those new supplies coming on, which […]

Iraq boosts oil exports — and pressure to pay for rebuilding

BAGHDAD- Iraq boosted its crude oil exports by 3.3 million barrels in March over the previous month, bringing in nearly $15.5 billion, Oil Ministry figures showed Thursday. The country’s total crude oil exports stood at 59.4 million barrels for March and grossed $5.64 billion, with an average price $95.02 for per barrel, the ministry said […]

Oil prices, gasoline costs to double: CIBC report

OTTAWA He said he expects crude prices

Carbon dioxide, methane up sharply in 2007-US govt

WASHINGTON (Reuters) – The amount of two key greenhouse gases in Earth’s atmosphere rose sharply in 2007, and carbon dioxide levels this year are literally off the chart, the U.S. government reported on Wednesday. In its annual index of greenhouse gas emissions, the U.S. National Oceanic and Atmospheric Administration found atmospheric carbon dioxide, the primary […]

Strike could cost UK ‘

Scottish ministers have raised concerns that a planned strike at Scotland’s only oil refinery could cause serious problems for north sea oil and gas. Workers at Grangemouth will walk out on Sunday after talks between union officials and bosses broke down. The Holyrood government also warned any move by retailers to hike petrol pump prices […]

Russia’s Oil Production is About to Peak

Since 2005, the Russian oil industry has been in constant turmoil. Production growth has also slow down significantly maybe as a result. The Exxon Sakhalin-I project has now reached its peak and production is experiencing a steep decline since. On the upside, many projects are expected to come online and the IEA forecasts that oil […]

Gouging myth out of gas

When you’re paying more at the pump, don’t blame the station owner. He feels your pain. NEW YORK (CNNMoney.com) — If you think you’re getting gouged at the pump – think again. Like many other motorists, Daris Garnes thought she may be getting ripped off by her gas station when she filled up her Honda […]

John Michael Greer: Business as usual

Those of us who are watching the crisis of industrial society arrive on schedule take our omens where we find them, and one appeared yesterday morning in the unlikely form of an internet ad riding shotgun on a peak oil blog. The header was striking enough Meanwhile, rolling blackouts and food shortages are making life […]

Criminals target energy, financial markets, Mukasey says

WASHINGTON (CNN) — Attorney General Michael Mukasey warned Wednesday that organized criminal networks have penetrated portions of the international energy market and tried to control energy resources. In a speech at the Center for Strategic and International Studies in Washington, he said similar efforts have targeted the international financial system by injecting billions of illicit […]

Higher asphalt costs a strain

Rising crude oil prices are not only hurting drivers at the pump. They will prevent some roads in disrepair from being resurfaced. The Mississippi Department of Transportation plans to spend between $55 million and $60 million on road overlays in fiscal 2009, up about $10 million past few years. But MDOT chief engineer Harry Lee […]

Schools struggle to fuel buses

Soaring fuel prices will cost Middle Tennessee school systems hundreds of thousands of dollars more just to keep buses running until the end of the school year. To save fuel, bus drivers are being asked not to run their engines when they are parked, even for a short time. The Williamson County school board on […]

UK: ‘Dry zone’ fear for drivers

Helensburgh And supplies of unleaded petrol were drained for a second time on Monday. The scare highlighted the vulnerability of Helensburgh and Lomond when faced with a fuel shortage. One local driver fumed:

China not main driver of oil price-Saudi Aramco

CHENGDU, April 24 (Reuters) – Soaring international crude oil prices are driven by a range of factors including speculation and depreciation of the U.S. dollar, not mainly by China demand, an executive with Saudi Aramco said on Thursday. “It’s a mistake to attribute either the recent run-up in crude oil prices or continued market volatility […]

Caltex chief tips oil to reach $US200

The CEO of Australia’s largest oil refiner says he expects the price of oil will reach $US200 a barrel. The Caltex annual general meeting has heard refining margins dropped during 2007, as the Australian dollar and the price of crude oil soared. Caltex chief executive Des King has told the ABC’s Lateline Business program despite […]

Lehman warns that oil boom will deflate

The roaring oil boom of the last few months may be on its last legs as economic growth slows hard across the world and a clutch new refineries come into operation, Lehman Brothers has warned in a hard-hitting report.

Bill McKibben: The Greenback Effect

Greed has helped destroy the planet This proof has certain logical shortcomings, beginning with the fact that it’s illogical. But it is emotionally comforting. For those who wanted to stop thinking about politics and responsibility and morality and science and all that stuff, the advent of Reagan-era market fundamentalism was a godsend, and anything that […]

U.S. arms sales to OPEC at risk over oil: senators

WASHINGTON (Reuters) – A group of U.S. senators on Thursday will call on the Bush administration to use its leverage with OPEC to increase oil supplies or risk Congress holding up multimillion dollar arms deals with Saudi Arabia, the United Arab Emirates and other members of the oil producing group. “As Americans are paying more […]

UK: Strike could close key Grangemouth oil refinery for a month

Plans to haul fuel by road from locations in England and Wales to Scotland will be put in place today ahead of a two-day strike at Grangemouth, Scotland’s biggest oil refinery. A strike by 1,200 workers at the refinery looks certain to go ahead on Sunday and Monday after negotiations between union officials and company […]

Prayer At the Pump

Rocky Twyman says nothing else has worked, so he’s urging motorists to pray for lower gasoline prices when they fuel up. Twyman says he and his fellow volunteers at a church soup kitchen launched “Pray at the Pump” today at a gas station in Washington D.C. After fueling up their cars, Twyman says they bowed […]

EU eyes raise of emergency oil stocks as prices soar

The European Commission has launched a public consultation on whether changes should be made to the management of emergency oil stocks held by EU member states as oil prices edged closer to $120 a barrel on Tuesday (22 April). The consultation will seek input into the “shortcomings” of the current system in the face of […]

Big Oil Asks: Where Will Tomorrow’s Oil Come From?

The Kingdom of Saudi Arabia is the world Saudi Arabia

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