Register

Peak Oil is You


Donate Bitcoins ;-) or Paypal :-)

Donate Bitcoin



Donate Paypal

Latest Consumption Headlines

Dollar Expected to Fall Amid China’s Rumoured Selling

Consumption

The dollar could slide still further, in spite of hitting an all-time low against the euro last week in the wake of George W. Bush’s re-election, currency traders have said. The dollar sell-off has resumed amid fears among traders that Mr Bush’s victory will bring four more years of widening US budget and current account […]


Politics Cloud Mexico’s Promises

Consumption

One of the most important races in the world is taking place right now in Mexico. It’s a race against time. In August, a good news/bad news report came from Luis Ramirez Corzo, director-general of exploration and production for Petroleros Mexicanos (Pemex).The good news: A nitrogen-injection program has helped delay the decline of Cantarell, Mexico’s […]


OPEC daily output rises to 30.61m

Consumption

“OPEC is producing a tremendous amount of oil,” said Rick Mueller, an analyst with Energy Security Analysis Inc in Wakefield, Massachusetts. “I think they are close to their peak and won’t be increasing production by much more in the months ahead.”

www.tehrantimes.com/Description.asp?Da=11/6/2004&Cat=9&Num=10


Sonia Shah speaks about Crude: The Story of Oil

Consumption

Expert on oil, Sonia Shah speaks about her new book Crude: The Story of Oil (Seven Stories Press, October 2004). In Crude, author and independent journalist Sonia Shah presents the first concise history of this, the world’s most coveted and contentious mineral. But this portrait of the fuel that defined an age is shot through […]


Fahrenheit Gold and Oil – Carving Up the Spoils of Iraq

Consumption

Carving up the spoils from the Iraq war were initiated back in the spring of 2001 when the Cheney Task Force on Energy met with the leaders of the corporate oil world. Inside the meeting room the executives passed around a map of Iraq but unlike most maps we have seen, this one was devoid […]


Oil And Your Family Pocketbook

Consumption

Oil has baited working families into a trap. See how it impacts your household in family issues, economy and finances. Crude oil over $30/barrel invites more turmoil. Go to SQNews.com for new series starting Nov. 5 on the loss of cheap oil and how its cost affects our daily existence. (PRWEB) November 4, 2004 — […]


US, Israel plan attack on Iran

Consumption

Inside Track / The fire next time
By Amir Oren

Bush’s re-election will spark American preparations for an operation, perhaps together with Israel, against Tehran’s nuclear program.

Haaretz


China needs a stronger hand to tackle energy woes

Consumption

BEIJING, Nov 4 (Reuters) – Poorly staffed and with little expertise, energy regulators are struggling to find the clout to resolve China’s worst power crunch in 20 years, cut surging oil imports and clean up a deteriorating environment.http://www.alertnet.org/thenews/newsdesk/SP98657.htm


HM Queen Elizabeth enters Climate Diplomacy

Consumption

5:54am (UK) Blair Urged to Press U.S. on Climate Change By John Deane, Chief Political Correspondent, PA News Prime Minister Tony Blair will be urged today to push for action on climate change in his first contact with the winner of the US presidential election. Liberal Democrat environment spokesman Norman Baker will underline that message […]


Oil Futures Up As Traders Watch U.S. Vote

Consumption

LONDON – Crude oil futures surged above $51 on Wednesday, then fell back a bit in volatile trading on the oil markets as traders anxiously watched results from the U.S. presidential election.

CDT


Peak oil fringe group gains mainstream attention

Consumption

according to the so-called peak oil movement, which says that by 2008 humans will have extracted half of the earth’s oil. In other words, we’re using oil faster than we can ever hope to find it.

CNN Money


Iraq oil pipelines hit by biggest attacks yet

Consumption

BAGHDAD – Saboteurs have mounted the biggest attacks yet on Iraq’s oil infrastructure, blowing up four pipelines in the north in 24 hours, and hitting exports via Turkey, oil officials said on Tuesday. The attacks, which were hours apart, sharply reduced crude oil supplies to Iraq’s biggest refinery at Baiji. The government is already struggling […]


Energy bills rise in UK

Consumption

Powergen customers are facing further price rises

UK energy giant Powergen has said it is to increase its gas and electricity prices once again.

Gas prices for consumers are to rise by 9.6% – the third rise this year – while electricity prices will be increased by 8.9%, the German-owned firm said.

The increase means that gas prices for the company’s six million customers will have jumped by 17.6% during the course of 2004 alone.


November Newsletter

Consumption

ASPO Newsletter, no. 47:

ASPO


Iran warns of $US100 oil price

Consumption

Questioned about a possible UN embargo on Tehran’s oil exports, the former parliamentary speaker said: “The big loser will be them, not us.”
“If an oil embargo is slapped on Iran, the price of oil will exceed $US100 per barrel, with a potential to paralyse the West’s economy.”

The Australian


Global Scale Politics

Consumption

“If you knew about Hubbert’s Peak a decade ago – as oilmen Bush and Cheney surely did – perhaps you would regard occupation of Afghanistan and Iraq as an ugly but necessary price to pay in order to secure sufficient time for the U.S. economy to convert?


”Invading Iraq, writes Heinberg, ‘was more understandable – if no less morally and tactically questionable – when viewed in light of a single piece of information to which the administration was privy, but which was obscure to the vast majority of the world’s population. That crucial fact was that the rate of global production was about to peak.’”

aljazeerah


NZ has time to prepare for future oil crisis – Hodgson

Consumption

The Government today launched a discussion document on sustainable energy which it said was the starting point for future policy development.

Written by the Ministry of Economic Development, it sets out New Zealand’s current situation and considers ways to improve existing sustainable energy sources and develop new ones.

Green co-leader Jeanette Fitzsimons welcomed the report but said it lacked a sense of urgency about dealing with future problems and current oil prices.

Ms Fitzsimons was particularly concerned about a concept known as “peak oil”.

Peak oil describes a scenario where global oil production peaks and due to continuing demand prices escalate to a point where current uses are not sustainable.

The Government had accepted forecasts that many experts believed were too optimistic.

Stuff


The 2007 Peak Oil date explained

Consumption

The real point is not so much the exact date of peak but the statement that the First Half of the Oil Age, which was characterised by growing production, is about to be followed by the Second Half when oil production is set to decline along with all that depends upon it. Colin Campbell, Sept 2004.

Scoop


Andrew McKillop: Energy Transition and Final Energy Crisis

Consumption

The strengthening likelihood is that oil prices will easily exceed 75 US dollars/barrel, in the absence of any war, sabotage or hostile action, solely because of ‘structural undersupply’ and almost certainly by 2008. This itself will powerfully draw attention to study and action for firstly slowing the growth of oil and gas demand, then reducing […]


Nigerian Strike to Target Oil Exports

Consumption

LAGOS, Nigeria Oct 31, 2004 — Unions declared the top oil multinational here, Royal Dutch/Shell, “an enemy of the Nigerian people” on Sunday and called a Nov. 16 nationwide strike that they said would target oil exports in Africa’s oil giant. The threats in the world’s No. 7 oil exporter the source of one-fifth of […]


Future of oil supply is murky

Consumption

‘Now you’re scaring me,” said John Krawiec of Beacon on being told of the peak-oil debate. He has been a local bottled gas distributor for many years. ”I’m at that age where it probably doesn’t make too much difference, but you worry about your kids and your grandkids.”

Poughkeepsie Journal


Oil may fuel ‘green’ prospects

Consumption

Less than 3 percent of U.S. electricity comes from renewables such as wind, solar and geothermal, but that share is expected to increase as fossil-fuel prices rise.
For now, advocates are pleased that pocketbook concerns are generating renewed interest in green power.

AZCentral


Andrew McKillop: Oil prices … another Iran crisis?

Consumption

Under the impact of US humiliation, and slow recovery in Iranian oil production due to the Khomeini revolution, oil prices then moved to around $42/bbl in 1979 dollars, or about $105/bbl in today’s dollars. Gold prices tracked this explosion, attaining well over $900/ounce in 2004 dollars.At the time, there was in fact considerable spare oil […]


Energy politics expert speaks on oil and national security links

Consumption

He cited increasing evidence in recent months that foreign sources could not produce the amount of oil stipulated by the report, and that oil companies themselves admit that the global peak in oil production may be approaching.


“That oil peak is much closer than we thought, and it was laughed out of existence, until very recently big oil companies’ projections began to be consistent with this kind of chart,” he said.

Tufts


New method proposed for figuring oil, gas reserves

Consumption

Some 80% of the world’s ‘proven’ oil resources are in countries where information about reserves, mainly from state monopoly companies, need not necessarily comply with such procedures.

OGJ


A Weakening Oil Gusher?

Consumption

INVENTORY INCREASE. Those strong results are largely a reflection of energy prices’ climb. Oil has risen more than 70% in the past year. Natural gas, too, has exploded, up 70% since this time last year, to $7.70 per million BTUs. Gasoline sells for over $2 a gallon nationally, an increase of 50 cents a gallon, or 33%.

BW


Peak Oil Mini-Summit at San Francisco Green Festival

Consumption

The Green Festival (San Francisco, Nov 6 & 7) will host an unofficial peak oil mini-summit with Peter Camejo, Richard Heinberg, and Julian Darley.

Also congregating at the Post-Carbon booth will be Jan Lundberg, Julian Darley, Kirstin Miller, Matt Savinar, and Ron Cooke.

Post-Carbon Institute


Oluf Ulseth, Norway’s Deputy Minister of Petroleum Mentions Norway’s Oil Peak

Consumption

“From what we see now we are about to peak on oil,” Ulseth said of Norway’s 3.2 million barrels a day of crude output.

yahoo


U.S. Overestimates Future Middle East Production

Consumption

Quoting Marketplace’s David Brown: ‘Let me read from the part of that book that might give you pause. And I quote: “many reports suggested that higher energy costs were constraining consumer and business spending”. Translation: Fed officials may be worried about how ‘high oil prices’ will affect the economy’s health.’ Audio: http://www.marketplace.org/play/audio.php?media=/2004/10/27_mpp&start=00:44.0&end=08:10.0


Wall Street Jounal mentions US oil peak

Consumption

Today’s Wall Street Journal publishes an inflation adjusted historical graph of oil prices going back to 1970, in a story “Refinery Slowdowns May Push U.S. Heating-Oil Prices Higher”. The caption on the graph states: 1970 U.S. oil output peaks and begins a long declinehttp://online.wsj.com/documents/WSJ_Oilprices_102604.pdf


« Previous Page — Next Page »



Oil News Categories


Recent Board Topics


Archive


LATEST NEWS HEADLINES


PO Real Time

No tweets available