Peak Oil is You
Donate Bitcoins ;-) or Paypal :-)
Latest Consumption Headlines
China may import 120 million tons of oil this year
China is to process 270 million tons of crude oil and the overall oil consumption could hit 30.8 million tons, said Tian Chunrong, a senior engineer with the information department of China Petroleum and Chemical Corporation, China’s largest oil refiner.
China may import 120 million tons of oil this year
China is to process 270 million tons of crude oil and the overall oil consumption could hit 30.8 million tons, said Tian Chunrong, a senior engineer with the information department of China Petroleum and Chemical Corporation, China’s largest oil refiner.
Oil firms differ over Norway gas reserves
In its filing, Britain’s BP reaffirmed its bookings for the Ormen Lange gas field, Norway’s biggest offshore development. However, Norwegian company Norsk Hydro cut its bookings for the same field by about a third.
World oil demand may rise 2% in ‘05
World oil consumption may rise 2% next year, led by increased usage of diesel, gasoline and jet fuel in the US, according to the latest research report released by Societe Generale.
World oil demand may rise 2% in ‘05
World oil consumption may rise 2% next year, led by increased usage of diesel, gasoline and jet fuel in the US, according to the latest research report released by Societe Generale.
World oil demand may rise 2% in ‘05
World oil consumption may rise 2% next year, led by increased usage of diesel, gasoline and jet fuel in the US, according to the latest research report released by Societe Generale.
The Virgin Oilfields of Iraq
since oil production began at the dawn of the 20th century, only 2,300 wells have been drilled in Iraq, compared with about 1 million in Texas. A large part of the country
Four killed in Baghdad, as Turkey refuses to bow to Islamic militants
BAGHDAD, Iraq : One US national, an American soldier and two Iraqi children were killed in separate attacks across Baghdad, underscoring Iraq’s instability just three days before the transfer of power.
Turkey also refused to bow to Islamic militants who have threatened to behead three hostages.
Martial Law on Wednesday in Iraq
Tom Brokaw reports on Meet the Press from Baghdad that martial law is a real possibility for certain areas in Iraq after the official transfer of authority takes place this Wednesday. Reporting on the internal power struggles within the war torn country, Iraq was characterized by it’s tribal, ethnic, religious and social divisions, and how […]
Shell sued over reserves
“The charges stem from Shell’s overnight elimination at the start of the year of almost 4.5bn barrels of proved reserves. That was more than 22 per cent of its previously claimed proved reserves and led the group to restate financial statements for 2002-2003, eliminating hundreds of millions of dollars in previously reported net income.“
Financial Times
Google News news cluster
New pipeline to deliver a fifth of UK gas
The UK is currently pretty much self sufficient, exporting roughly the same amount of gas as it imports, but this is about to change fast, in part due to dwindling UK North Sea reserves.
Furthermore, “gas prices are likely to rise significantly over this period” – in part due to an expected doubling in demand for gas from continental European countries during the next 15 years.
New pipeline to deliver a fifth of UK gas
The UK is currently pretty much self sufficient, exporting roughly the same amount of gas as it imports, but this is about to change fast, in part due to dwindling UK North Sea reserves.
Furthermore, “gas prices are likely to rise significantly over this period” – in part due to an expected doubling in demand for gas from continental European countries during the next 15 years.
New pipeline to deliver a fifth of UK gas
The UK is currently pretty much self sufficient, exporting roughly the same amount of gas as it imports, but this is about to change fast, in part due to dwindling UK North Sea reserves.
Furthermore, “gas prices are likely to rise significantly over this period” – in part due to an expected doubling in demand for gas from continental European countries during the next 15 years.
At Least 85 Die in Rebel Attacks in Five Iraq Cities
BAGHDAD (Reuters) – At least 85 people died and more than 320 were wounded in Iraq on Thursday when insurgents launched bloody assaults in five cities to disrupt next week’s formal handover to Iraqi rule.
Violence Erupts Across Iraq; 69 Are Killed, AP Says
June 24 (Bloomberg) — Violence erupted today across Iraq, with insurgents targeting police and U.S. forces in Baghdad, Mosul, Ramadi, Fallujah and Baquba, the U.S.-led coalition said. At least 69 people died, including three U.S. soldiers, the Associated Press said, citing the Iraqi Health Ministry. The attacks come as the coalition prepares to hand over […]
SEC leans to voluntary code on oil reserves
John Heine, SEC spokesman, said: “While many people have suggested that the SEC change the disclosure requirements for oil and gas companies, the commission is not currently considering any rule changes that are specific to oil and gas companies, nor has the division decided whether or not to recommend . .. any such rule changes in the future.”
The Anti-Burb
Possible future of housing? Smithsonian Magazine “Arcosanti, a struggling community in the Arizona desert, preaches the virtues of close quarters.” A science fiction-like wonderland of domes and apses on a desert mesa 70 miles north of Phoenix, Arcosanti is Paolo Soleri’s rejoinder to the American ideal of a house with a lawn and a two-car […]
Is Al Qaeda Winning in Saudi Arabia?
“We entered one of the companies’ [offices], and found there an American infidel who looked like a director . . . When he turned to me, I shot him in the head, and his head exploded. We entered another office and found one infidel from South Africa, and our brother Hussein slit his throat. We asked Allah to accept [these acts of devotion] from us, and from him.”
OPEC: Demand for Oil Growing
The producers’ cartel also revised upwards its average world demand forecast for 2004 by 0.17 million bpd to 80.58 million bpd.
This indicates growth of 2.41 percent, the highest rate since the 3.12 percent registered in 1997, OPEC said.
N-reprocessing seen key to energy policy
The tests operations approved Thursday at Japan Nuclear Fuel Ltd.’s nuclear fuel-reprocessing plant in Rokkashomura, Aomori Prefecture, are a giant step toward securing a stable supply of energy for the country, but there are many hurdles still to be overcome.
Thirty years later oil is still a big gun
By the time the embargo was lifted, in March 1974, the global economy was devastated. In the U.S., unemployment doubled due to the loss of 500,000 jobs, and GNP declined 6%. Europe and Japan suffered a similar fate. The impact on the developing world, especially the poor, newly created countries in Asia and Africa, was even worse. Countries completely dependent on energy imports suddenly found themselves under heavy debt from which many of them have not been able to recover to this day.
OPEC on Oil Supplies and Prices
Are $2-per-gallon gas prices here to stay for the long run? Is the world running short of oil? Are the globe’s leading petroleum producers committed to increasing supply? Are U.S. consumers paying too little for gas?
registration required
Norway Oil Workers Begin Strike, Cutting Output
The action affects fields with total output of 455,000 barrels a day. “It will take about one to two days to shut down production at the fields,” Tjessem, who represents about 2,200 oil workers
Post Carbon Dispatch #1 – New Blog
Post Carbon Dispatch #1
by Julian Darley, author of High Noon for Natural Gas
16th June 2004
How to jump into a raging torrent? The trouble is that I have scouted up and down the river bank and I see too many good places from which to leap into this new blog. The old saying that every great journey begins with the first step is highly misleading, in part because the first step is often the largest, and may irrevocably determine the direction, or indeed may preclude ever getting to the desired destination at all. At least the leap into this blog is not like that.
A Call for Action
Write an essay: 3,000 words or less
what measures can people of limited means undertake to ease their transition into a post-technological world?
Crude oil squeeze continues
Some investors may be under the impression the oil crisis is over. After all, the price of crude has fallen to $37 (U.S.) a barrel from $42 a couple of weeks ago, thanks to promises from Saudi Arabia that it will boost production in order to keep up with demand.
U.S. faces a reality check over oil
There’s still plenty of oil, but it’s getting harder to find and it’s not going to be the cheap oil we’re accustomed to,” said Roberts, author of “The End of Oil: On the Edge of a Perilous New World”
Dwindling Oil and 9/11 – Part 4 of the International Inquiry on 911’s Unanswered
TRANSCRIPTS
Richard Heinberg speaking to Lynn Gary on Unwelcome Guests SHOW #206 9 May 2004
Dwindling Oil and 9/11 – Part 4 of the International Inquiry on 911’s Unanswered Questions
radio4all.org
http://www.globalpublicmedia.com/TRANSCRIPTS/index.php?name=RICHARD%20HEINBERG&origin=/&transcript=2004/05/RichardHeinberg.UnwelcomeGuests.2004-05-09
Iraq Oil Terminal at a Halt After Attack
LONDON/BAGHDAD (Reuters) – Iraqi oil exports were close to a standstill on Tuesday after the second big sabotage attack in two months on the country’s southern oil pipeline system closed deliveries from the main Iraqi export terminal of Basra, shipping and industry sources.
Oil sends US trade deficit to fresh high
The US trade deficit powered to another monthly record in April, due to strong demand and high oil prices.
America’s politically sensitive trade deficit with China grew to $12bn in April, the biggest since October 2003.
The shortfall with Japan, however, narrowed to $6.4bn from $6.7bn in March.
Oil News Categories
Recent Board Topics
Archive
LATEST NEWS HEADLINES
- Why the IEA is Wrong About Peak Oil Demand
- Did we inadvertently speed global warming?
- Venezuela’s Oil Monopoly Eases
- Why Germany is Choosing Natural Gas Over Nuclear Power
- U.S. coal-fired electricity generation decreased in 2022 and 2023
- America Cracks Down on Methane Emissions from Oil and Gas Facilities
- Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
- Is It Time To Refill America’s Strategic Petroleum Reserve?
- Oil prices set to end year 10% lower as demand concerns snap winning streak
- What’s Driving America’s New Oil and Gas Boom?
- China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy
Member Comments
- on Helium: Fuelling the Future?
- on New England’s last coal plants to voluntarily shut down
- on The U.S. is now energy independent
- on New England’s last coal plants to voluntarily shut down
- on Bretton Woods III : Zoltan Pozsar & Yra Harris
- on New England’s last coal plants to voluntarily shut down
- on Farmers on the Brink
- on New England’s last coal plants to voluntarily shut down
- on Kunstler: Oh Say Can You See?
- on Farmers on the Brink
- on New England’s last coal plants to voluntarily shut down
- on Bretton Woods III : Zoltan Pozsar & Yra Harris
- on Davos in the Desert: What New “Saudi First” Policy Means for Oil and Power
- on USA EIA Cuts 2023 Oil Price Forecasts
- on When Will Oil Demand Peak?
- on 100 million-degree ‘artificial sun’ sets new records in hunt for energy’s ‘Holy Grail’
- on When Will Oil Demand Peak?
- on Helium: Fuelling the Future?
- on Is It Time To Abandon the Idea of Phasing Out Oil and Gas?
- on The Biggest Energy Bill In A Decade Was Just Passed
PO Real Time
No tweets available