Iraq's Energy Development Dependent on Politics

For the past six years Iraq has been the scene of violence and turmoil, but its economic situation, as well as its security, has improved. The key to Iraq’s development is its vast oil and gas reserves. At the Iraq Oil and Gas Summit held recently in Houston , international oil services companies met with […]

Saudi to keep July crude curbs steady to Asia

Saudi Arabia, the world’s top crude exporter, will maintain steady oil supplies to major Asian buyers in July as expected, sources said on Monday. Saudi Arabia has notified five Asian term buyers in Northeast Asia it would keep curbs on contracted volumes of crude oil in July at 7-14 percent, steady from June, industry sources […]

Iran's China oil outfit battles to boost exports

National Iranian Oil Company (NIOC) has set up its first Beijing office to push for crude sales in China, but the world’s No.4 crude exporter will have a tough job boosting volumes sharply in the absence of a refinery. Now China’s second biggest crude supplier, Iran sold China nearly half a million barrels each day […]

Cuba could become U.S. oil supplier at embargo's end

Cuba has launched a bold policy of oil development that could turn the country into an important supplier of fuel in the Caribbean Cuba’s oil strategy consists of processing about 350,000 barrels of crude daily and supplying the big demand for oil byproducts in nearby countries beginning in 2013, according to sources in the Ministry […]

U.S. Foresees a Thinner Cushion of Coal

Every year, federal employee George Warholic calculates America’s vast coal reserves the same way his predecessors have for decades: He looks up the prior year’s coal-reserve estimate, subtracts the year’s nationwide production and arrives at a new official tally. Coal provides nearly one-quarter of the total energy consumed in the U.S., and by Mr. Warholic’s […]

Oil – the next shock waiting in the pipeline

While Gordon Brown is playing musical chairs on the deck of the Titanic, normal people are worrying far more about paying their bills. Motorists will have noticed that we are back up to We may have not yet reached the heady heights of last summer, but the trend is unmistakable. Even in a recession, there […]

Kunstler: Lagging Recognition

Through the tangle of green shoots and sprouting mustard seeds, a certain nervous view persists that the arc of events is taking us to places unimaginable. The collapse of General Motors and Chrysler signifies more than the collapse of US car manufacturing. It spells the end of the motoring era in America per se and […]

Why we need the national academy of sciences to study peak oil (petition)

Peak Oil: Our need for immediate scientific investigation Peak Oil will present our Nation with multiple and continuing crises that will require hard decisions. With a near-term peak, for example, we face the likelihood of shortages of gasoline and diesel fuel, along with the problem of how to allocate limited supplies. Beyond the direct effect […]

Water Fights, Dying Forests, Roving Homeless Are Earth

(Bloomberg) — In one photo, flood-plagued Bangladeshis crowd onto a speck of road surrounded by rising water. Another image gives an aerial view of Florida President Barack Obama has appointed a strong team of scientists and others who understand the issue, headed by Secretary of Energy Steven Chu, a Nobel Prize-winning physicist. The U.S. may […]

91.86.90

91 YouTube (video about peak oil)

Russian official: $150 oil possible if investment drops

The International Energy Agency forecasts that investment in exploration and oil production will fall 21 percent this year. “This will inevitably bring about a cut in production and will automatically drive the price of oil up. And the Saudi Arabian oil minister’s forecast of $150 a barrel in two or three years could prove to […]

Gazprom CEO predicts oil reaching $85 per barrel by end of 2009

ST. PETERSBURG/MOSCOW (RIA Novosti) – Oil prices should reach $85 per barrel by the end of 2009, the head of Russian energy giant Gazprom said on Friday. The St. Petersburg International Economic Forum, underway in Russia’s second-largest city, hosted on Friday discussions on oil prices. “Evidently, the oil price will reach $85 per barrel by […]

Malaysia Petronas says oil industry to stay volatile

The oil industry will stay volatile even after a price rally towards $70 a barrel, as it is still unclear if the rise is due to the broader economy or a new speculative play, the chief of Malaysia’s state oil and gas company said on Monday. Mohd Hassan Marican said the industry is undergoing a […]

Oil to 'Spike' Without New Investments, Shell Says

Crude oil is set to “spike” without new investments and a price surge is in the making, Royal Dutch Shell Plc Chief Executive Officer Jeroen van der Veer said. The global energy industry is facing “severe challenges” and the world needs unconventional energy supplies to meet rising demand, he said at the Asia Oil and […]

Obama seeks global uranium fuel bank

As part of a new strategy to stop Iran from obtaining nuclear weapons, President Obama plans to seek the creation of the first-ever international supply of uranium that would allow nations to obtain fuel for civilian nuclear reactors but limit the capacity to make bombs, according to senior administration officials. Many arms-control specialists consider the […]

Developing a Greener Third World

NEW YORK Little progress can be made in addressing the global climate crisis, after all, unless common cause is found between rich countries, who created the problem in becoming so, and poorer countries, which understandably resent the idea that they ought not pursue a similar, CO2-belching path to vitality.

Sacramento area drivers take the 'Car-Free Challenge'

Joan Edelstein of West Sacramento made a public vow last week. She will drive her car no more than 200 miles this month. The go-green pledge puts her among a handful of Sacramentans who’ve announced similar intentions at the new “Car-Free Challenge” Web site Just days in, however, Edelstein is learning an inconvenient truth about […]

Apocalypse now

Whether it’s something in the air (such as greenhouse gases) or something in the economy (such as oil and food prices), the only field where there currently seems to be a boom is in gloom. But it’s not just ranters wearing bathrobes on street corners: Some of the most respected thinkers about science and society […]

Oil: Up to $200 or Down to $25?

It is worrying for oil producers when the Russian President Dimitri Medvedev talks of $150 oil because it is so reminiscent of the $250 a barrel forecast last summer. A little hubris often comes before a fall. Oil got down to $33 a barrel last December. Could another fall be on the cards this autumn? […]

Venezuela state oil company earnings up in 2008

CARACAS (AFP) The figures “show the financial and operational solidity” of the company, PDVSA said. “The results obtained during the year 2008 confirm PDVSA as Venezuelans’ most important industry, as the fundamental support for the construction of socialism and one of the main companies in the world.” AFP

Health, climate change vie for boost in Congress

WASHINGTON (Reuters) – Barack Obama may be pressuring Congress as no U.S. president has for decades as he aims to get two big domestic goals passed this year — reforming health care and fighting global warming. “It’s not impossible to do both, but that would be more than a Congress has ever given a president, […]

Crisis to induce transparency in oil companies

The global financial crisis and the resulting difficulty in raising finances may force national oil companies to become more transparent in their operations. Analysts at the World national oil companies congress’ said oil firms, particularly those of consumer countries and emerging oil producers such as Petrobras of Brazil, raise finances through new business partnerships and […]

Green Promise Seen in Switch to LED Lighting

To change the bulbs in the 60-foot-high ceiling lights of Buckingham Palace In shifting to LED lighting, the palace is part of a small but fast-growing trend that is redefining the century-old conception of lighting, replacing energy-wasting disposable bulbs with efficient fixtures that are often semi-permanent, like those used in plumbing. Studies suggest that a […]

Iraq, Kuwait Dispute Flares Up as Oil Income Falls

(Bloomberg) — Iraq, holder of the third-largest oil reserves in the world, wants to halt about $25 billion in war- reparation payments to Kuwait as lower oil prices reduce its budget revenue and raise tension between the two neighbors. Iraqi legislators on June 1 urged the government to stop paying for Saddam Hussein Middle Eastern […]

Renesola Breaks Out as Entire Solar Sector Shows Life

Renesola Ltd. (SOL) traded sharply higher Friday with little new company specific information has been released. At ZachStocks we have been watching the solar sector carefully over the past months and found plenty of great opportunities in the area now that investors are once again warming to the alternative energy area. For Renesola to rally […]

High oil prices and the end of globalization really?

Or a missed opportunity for Mexico and Venezuela …The world of oil can be divided into two basic camps: the oil pessimists who adhere to the peak oil theory, and the oil optimists who think that given the right economic incentives, human ingenuity and technology, we would be able to find more of the “black […]

Kurt Cobb: Peak Oil, Sustainability and the Problem of Freedom

…It is conceivable to me that the privations of a post-peak oil world or, say, a food and water crisis brought on by the collapse of one or more key natural systems could alter the current paradigm of humans as selfish maximizers. But, by then it will be too late to prepare; we will only […]

Higher oil price gives renewables a boost

AFTER a year of swings, the oil price is moving toward a stable middle ground that will benefit not just the oil industry but the struggling renewables sector as well, experts say. Brent crude closed at $67.82 a barrel last week – nearly double the $35 it plumbed in February but still less than half […]

Create a Metro Vancouver municipal party to cope with peak oil

Here If the group runs too many candidates in each municipality, they’ll dilute their support and nobody will get elected. The public is never in the mood to hear bad news, and there’s no news that’s more unpalatable than peak oil (unless, of course, we’re discussing a pandemic like SARS). In Vancouver, this candidate could […]

Stephen Leeb – Energy: Zero Sum, We Lose

President Obama High energy prices not only hurt consumers

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