Gulf Pipeline Disaster Revealed; SPR Tap Possible

Mudslides and other problems may have seriously disrupted gulf production:

http://www.rigzone.com/news/article.asp?a_id=17581

Recent moves by Fed and OPEC point to American decline

Much has been made of the Peak Oil crisis and the potential shift of world oil currency from USD to EURO or, potentially, another currency. But Randall Bornemann raises other intriguing issues such as China’s massive holdings of US debt and the Fed’s move to increase liquidity of the national money supply… [By Randall Bornemann […]

Oil supplies ‘over-estimated’ : Channel4.com

Oil supplies ‘over-estimated’ Economy Published: 26-Oct-2004 By: Liam Halligan Channel 4 News has been told by a top Saudi oil industry insider that the American government’s forecast for future oil supplies are a “dangerous over-estimate”. Sadad Al Husseini has just retired as vice-president of the Saudi oil company Aramco. His comments could have a significant […]

New IEA Report on Energy – ”Reassuring” or ”Anything But”?

The International Energy Agency (IEA) just released its new report, “World Energy Outlook 2004″ The BBC says: “The world’s reliance on oil and gas is set to increase sharply as global energy demand soars by 60% over the next 25 to 30 years, an influential report predicts. “Fossil fuels will continue to dominate global energy […]

Oil debate produces more heat than light

The API figures showed a loss of 972,000 barrels whilst the governments figures showed a more reassuring increase of 1.2 million barrels. The API also showed that crude oil imports actually continued to fall – in their estimate, by 1.189 million barrels against the government’s figures saying a slight increase in imports. The unstable situation […]

Russian oil company problems likely to affect global oil prices

One year ago the future of the Russian oil giant, Yukos, was thrown into question when its owner, Russia’s richest man Mikhail Khodorkovsky, was arrested at gunpoint on charges of tax evasion and fraud.

Mr Khodorkovsky’s case is still meandering its way through the Russian courts, but it now appears that his company is set to be dismembered and sold off by the end of the year to pay off its massive tax debts.

As our Moscow Correspondent Emma Griffiths reports, analysts say the sale is highly likely to disrupt Russia’s oil supply and put pressure on the world price.

abc.net.ua

Dollar Has Longest Losing Streak Since December 2000 on Oil

“There’s very little on the horizon to stop the slide in the dollar unless we get a significant turnaround in energy markets,” said Hans Guenter Redeker, head of currency strategy at BNP Paribas SA in London. “People are getting more concerned about the impact of high energy prices” on U.S. growth.

Bloomberg

U.S. Retail Gasoline Rises to $2.04 a Gallon in Lundberg Survey

U.S. gasoline pump prices rose about 5 cents in the past two weeks to an average of $2.0408 a gallon, Trilby Lundberg said, citing a survey of about 7,000 filling stations by her Camarillo, California-based market research firm. Rising crude-oil prices were the main cause of the increase, Lundberg said in a telephone interview. Crude-oil […]

Crude Awakening

From The Nation by Michael T. Klare …Unless affordable substitutes are developed, a decline in global oil output will produce rising transportation costs, diminished economic activity, high inflation and the onset of a deep and prolonged worldwide depression. Furthermore, because modern, mechanized agriculture is wholly dependent on cheap oil–for herbicides and pesticides, as well as […]

Raise the Roof: Power Source

The shingles that help to protect you from the elements could soon help to keep your lights on. Solar companies have developed light-absorbing roof tiles as a more aesthetically pleasing alternative to solar panels. Making solar materials better looking is the key to millions of American actually installing them on their rooftops, according to one […]

Global oil markets well-supplied, stocks rising: IEA’s Mandil

Mandil said he believed the current “imbalance” between the prices of light, sweet and heavy, sour crude grades would prove to be “temporary.” “The supply of sweet crude will increase in the fourth quarter,” he said.

Petroleumworld

Crude Oil Price Rises to Record $55.35 a Barrel as China’s Economy Expands

Crude oil futures rose to a record $55.35 a barrel in New York after the release of a report showing that the Chinese economy grew more than expected last quarter. China’s economy expanded 9.1 percent in the third quarter, faster than the 8.9 percent projected in a Bloomberg survey. Chinese oil demand is expected to […]

Is There An Energy Crisis?

Matthew Simmons presentations:

Simmonsco
Simmonsco

Fed. Reserve Governor Says Days of Cheap Oil Are Over

Federal Reserve Governor Ben Bernanke said the days of cheap oil are likely over, although he expects the economic consequences of higher energy prices will be “manageable.” Speaking at Dalton College in Albany, Ga., Bernanke also said he believes the Fed will be able to maintain its “measured” pace of rate hikes, in part because […]

Lithuania goes a decade between oil discoveries

VILNIUS – Minijos Nafta, Lithuania’s biggest oil producer, has made the country’s first new oil discovery in 12 years. The finding occurred near the town of Sveksna in the western district of Silute, and it is believed the deposit contains approximately 110,000 cubic meters of oil.

http://www.baltictimes.com/art.php?art_id=11142

Car buyers still shun fuel efficiency

Surveys find even $2-a-gallon gasoline isn’t likely to cause big change in car-buying habits.October 18, 2004: 3:44 PM EDT By Chris Isidore, CNN/Money senior writer NEW YORK (CNN/Money) – Even with the average price of gasoline crossing the $2 a gallon mark again, don’t expect U.S. car buyers to rush to fuel-efficient vehicles. Oil prices […]

9-11 Bombshell

While every major “mainstream” TV anchor, every major cable network news, all the major talk show gasbags and all the major newspapers in this country will shun this book and attack it’s author, I say read the book, read all the foot notes and make up your own mind. You be the jury and while […]

Peak Oil? Include Me Out (Thoughts of a Once Burned Y2K Activist)

Former Y2K Activist Mick Winter reminds us of the pitfalls of gloom-and-doom prophecies that don’t pan out. Most of his long essay, however, is an excellent analysis of Peak Oil. He ends by saying: Besides, crying wolf is of value only when the wolf is still in the distance and there’s time for the villagers […]

EDTA Hydrogen Debate

Hydrogen Fireworks!
Special EV World Open Access article featuring MP3 audio from the EDTA Hydrogen Debate

EV World

Editorial comment – march 2004

WorldOil: At the risk of thoroughly ticking off some of these folks, I’ll reveal some tricks of the trade. There are three guiding principles for successful soothsaying: don’t be too specific in time or details, and make many predictions – one of them is likely to come true, and the others will be forgotten. As […]

The Countdown for the Peak of Oil Production has Begun

With accumulating evidence we will soon be able to decide between the conflicting views held by “optimists” and “pessimists”. Many indications during the last four years vindicate the theses of the “pessimists” and not of the “optimists”. But it would be much more appropriate to leave these misleading categories behind and to speak in future […]

World oil price projections 1970-2025

DOE: 30 $/barrel in 2025DOE

Verbatim Text Of Fed Chairman Greenspan’s Speech On Oil

The following is the verbatim remarks by Federal Reserve Chairman Alan Greenspan on oil to the National Italian American Foundation, Washington, D.C. 10-15 09:12: Verbatim Text Of Fed Chairman Greenspan’s Speech On Oil DJ Verbatim Text Of Fed Chairman Greenspan’s Speech On Oil The following is the verbatim remarks by Federal Reserve Chairman Alan Greenspan […]

The Defenders of Civilization

by Chip Haynes Electricity defines our civilization. It powers our society and shields us from anarchy. Take that power away, and the thin veneer of civilization begins to erode almost immediately. Try driving down a city street minus functioning traffic lights and see how friendly everyone suddenly isn’t. It’s a concrete jungle out there. Commerce […]

The Big Plunge

High prices at the pump are finally giving oil companies the incentive to make long–and expensive–bets to find new supplies. No one is going deeper than ChevronTexaco. The bad news for oil consumers is that global demand has been growing at 1.5% a year over the past five years, while production capacity has been inching […]

“POST INDUSTRIAL STONE AGE” — JUSTIFICATIONS

“So the spiral down will be like the vortex of a toilet bowl; the velocity of the water is gentle on the edges, and motion is barely discernible; but the action is progressively more violent the closer to the middle one gets, until the rate of decline in the middle — where all the REAL […]

Forties, Cromarty … where next?

The Guardian: “Nobody will put an exact date on when Britain will run dry of oil but energy consultancy Wood Mackenzie believes the country will be producing as little as 23,000 barrels of oil a day by 2025.”The Guardian

China to build four major oil reserve bases

China will formally launch its strategic petroleum reserve program next year, as learned from related departments. An oil reserve base in Zhenhai, Zhejiang Province is now under construction, which will be able to hold more than 5 million cubic meters oil when its first-stage project is completed next year. Upon completion, the four bases will […]

IEA Oil Market Report

IEA-OMR: World oil supply rose by 640 kb/d to 84.0 mb/d in September. Non-OPEC output fell for a third month, by 100 kb/d. IEA

Crude arguments – The Economist

…The biggest fallacy is that the world is about to run out of oil. A spate of recent books, with such titles as “Out of Gas”, argue that oil is scarce, and that an impending crisis will put the crises of the 1970s and early 1980s in the shade. Some see the recent rise in […]

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