Car sharing after peak oil

After peak oil, car sharing may be a good solution: I use a car running on natural gas in car sharing. I drive less than 8000km a year. It’s very cheap and easy with internet reservation.http://ecoplan.org/carshare/cs_index.htm

High oil prices not to drag down economy

“Compared with developed countries, China’s energy mix is less dependent on oil. China is relatively less vulnerable to oil price changes.”Coal consumption, he added, still accounts for 67 per cent of China’s current energy mix, while oil accounts for only 23 per cent.

China Daily

Firefighters battle Iraq oil pipeline blaze

Old boys in a fine African mess

A week ago, South African prosecutors tied the son of Margaret Thatcher, the former British prime minister, to an improbable, botched coup in Equatorial Guinea, a minuscule, humid, African dictatorship.

It was not democratic idealism, however, but Equatorial Guinea’s oil production – Africa’s third-largest, netting an estimated $700 million in profit for Obiang each year – that probably lured the soldiers of fortune.

Herald Tribune

Gas Stations Overwhelmed in S. Florida; Shortages ‘Will Get Worse’

Long lines of motorists trying to fill their tanks before Hurricane Frances struck drained gasoline stocks at hundreds of South Florida service stations Thursday, despite oil company efforts to replenish supplies. At the same time, gas station operators and oil companies warned that bringing in additional gas would be delayed by the approaching hurricane. “Shortages […]

Giant bucket wheel excavators

Giant bucket wheel excavators…

CD

…for when you can’t strip mine for energy fast enough.

OPEC Oil Output Rose 1.2% in August

The Organization of Petroleum Exporting Countries boosted crude-oil production 1.2 percent in August, reaching a 25-year high for a second month in an attempt to pull prices back from records, a Bloomberg survey showed.


Bloomberg

Institut Fran

PARIS, Aug. 31 — Faced with lofty world crude oil prices, reflecting a perception of tight fundamentals and threats to supplies, Paris-based Institut Fran These higher oil prices also have sparked off the first signs of inflation in oil-exporting countries within the Organization for Economic Cooperation and Development, IFP observed. The decisive factors influencing prices, […]

American Electric Power to build clean coal generating plant

The plant, which would generate as much as 1,000 megawatts, would use integrated gasification combined cycle technology to convert coal into a gas and pass it through pollutant-removal equipment before the gas is burned. The result would be more efficient power generation with fewer emissions of nitrous oxides, sulfur dioxide, mercury and carbon dioxide, according to the company.

WasteNews

Axioms of the Global Economic Order

Axioms of the Global Economic Order September 01, 2004 Another big surprise for the bears will be when oil prices continue lower in coming months, as the oil price has already peaked (as predicted in my August 11 commentary, “Is Oil Running Out of Gas?”). This has been another of they lynchpin arguments for a […]

Crude Production at 99% of capacity – IEA

The EIA said world crude production was running at about 99 percent of capacity, spelling continued high prices into the foreseeable future.

“Any industry in which production is running at 99 percent of capacity to meet demand is likely to experience price pressure and there is no reason to expect that crude oil markets would not reflect these same fundamental economic forces,” the EIA said in its weekly review of the oil market.

Reuters

Bush’s ruinous economic plans

“There’s a growing consensus among experts that the most recent wave of oil price hikes is not mainly the result of market manipulation, refining bottlenecks, or the Iraq occupation but the harbinger of the long-predicted depletion of the world’s extractable oil reserves. With the huge populations of China, India, and other emergent economies joining the […]

Simon Upton forecasts end of industrial era

The decline of oil production will undermine the very foundations of our economic and financial systems. Such discontinuity is without precedent and will most likely result in only 2 billion or so people surviving this Century.

Scoop.co.nz

Why isn’t OPEC pumping more oil?

OPEC’s tight wad Oil cartel’s refusal to pump more oil seems irrational, considering the soaring demand. August 30, 2004: 1:19 PM EDT By Fiona Maharg-Bravo, Breakingviews LONDON (Breakingviews) – The Organization of Petroleum Exporting Countries (OPEC) says it is doing everything it can to stabilize oil prices. The reality, however, is that it is doing […]

Then again maybe not…

After the hype over the new Mexican oilfield discovery, a little reality check on the details and the motive behind the announcement. MEXICO CITY, Aug. 30 — Officials at Mexico’s state-owned oil monopoly said Monday that the company has detected massive new oil deposits in the Gulf of Mexico that could potentially double the country’s […]

Houston, we have a Yukos problem

The crucial consequence of Moscow’s campaign to nail Yukos, the country’s leading oil producer, is the end of any possible energy alliance between Russia and the US, according to European Union diplomats and officials …

Asia Times

Mexico reports huge new oil deposits in Gulf of Mexico

Luis Ramirez, Pemex’s director for exploration, said the discovery could double the nation’s known crude oil reserves from 48 billion barrels to 102 billion barrels. “Now those are estimate reserves,” a Pemex source said. “When they are proven, we will reach the same level as Iran or Iraq.”

Japan Today

Get Ready for the Peak Experience

Thanks to the collusion of industry, financial and government interests, the coming decline in oil production is portrayed as so impossibly far off in the future that there is no sense talking about it

The end of false progress (food and post-petroleum reality)

“What will be the alternative to today’s consumerism and fear of material insecurity? This essay looks toward the next mainstream culture: Life after petroleum-culture collapse. To help explain today’s lack of preparation for fundamental change, we examine historical practices particularly in Europe. This installment focuses on the history of food production vis-

A Week Without Dinosaurs

Honda’s Experimental Hydrogen Car Requires Not a Drop of Fossil Fuel. The Technology May One Day Clear Our Skies–and Our Collective Conscience. By Dan Neil, Times staff writer Dan Neil last wrote for the magazine on driving a Ferrari in L.A. An ancient Hindu myth held that the world rides on the back of an […]

[Canadian] East coast oil dream runs dry

“Nova Scotia’s struggling offshore energy sector suffered a potential death blow yesterday with the closure of the only remaining well slated to be drilled by a major oil company…”

Canada
National Post

Global Climate Change & Peak Oil Part III

Without the absorption of carbon by the oceans and the linked production of free oxygen by ocean phytoplankton, the Earth’s atmosphere would consist almost entirely of carbon dioxide, with a little bit of nitrogen. Temperatures would hover around 600

Al Jazeera looks at depletion acceleration

Al Jazeera looks at the million-barrel-a-day depletion statistic, taking a closer look at depletion rates, and the likelihood that depletion plus rising demand may create an even faster depletion slope for remaining oil sources. Not a pretty picture.

Al Jazeera

Philadelphia Mainstream Newspaper on peak oil

Top story in business section of Philadelphia Inquirer (Cities main newspaper) quotes Deffeyes on speach to Americsn Chemical Society.
Title is “The Era of cheap oil is history”

http://www.philly.com/mld/inquirer/9490629.htm?1c

Andrew McKillop: Why we (still) need 60 dollars per barrel

From Petroleumworld: “Slowly, very slowly the worldhttp://www.petroleumworld.com/Ed082404.htm

Oil Prices Hold at $45

From Reuters: “The U.S. Energy Information Administration said commercial crude oil stocks fell last week by 1.7 million barrels to 291.3 million, hitting the lowest level since March. Crude stocks fell as refineries worked at 96 percent of capacity, eating up feedstocks at a rate of 16.05 million barrels per day (bpd). “We’re seeing runs […]

Crude Oil Rises on Expected Decline in U.S. Fuel Stockpiles

Welcome to peak oil

Bush camp hopes for change in pump politics

Retail gasoline prices may have slipped back in recent weeks, but in battleground states such as Ohio and other key Midwest states, the cost of a tank of gas continues to inch upwards. Gas prices have played to Kerry’s advantage – but that could change By James Harding Financial Times Updated: 12:29 p.m. ET Aug. […]

[Canadian] Energy firms spend more to find less oil, gas

“Canada’s petroleum industry spent a lot more money to find less oil and gas last year, Statistics Canada reported Monday, as the sector’s capital expenditures rose by nearly a third while conventional oil and gas production fell.” You will need a subscription or library service to view the full article, but you get the idea. […]

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