‘Al-Qaeda’ claims triple attacks in Saudi oil centre

“The heroic mujahedeen in the Jerusalem Squad were able, by the grace of God, to raid the locations of American companies … specializing in oil and exploration activities and which are plundering the Muslims’ resources, on Saturday morning,” said the statement signed by “the Al-Qaeda Organization in the Arabian Peninsula.”

News Asia

As prices rise, crime happens more often

Typically, gas stations across the country see between two and three gas thefts a week, a number that jumps to two or three a day when prices increase, according to the Virginia-based industry trade organization.

Fort Colins Coloradoan

Russia will boost oil production to capitalize on high prices

“If the prices for oil are high, we will increase its production to take advantage of this, and if the prices go down, we will not artificially hamper the economic growth in the world,” Kudrin said on Mayak radio, according to the Interfax news agencies.

CJAD.com

Oil field found in Gansu Province

The oil exploration in Longdong area of Gansu Province makes a big step. A 100-mm-ton class large oil field is found in the northeast of Xifeng City, Gansu Province.
Longdong area is the main producing area of Changqing oil field.

OilandGas.com

Renewable Energy Targets Derailed in Europe

With existing national policies and measures it is projected that the EU15 will achieve a share of only 18-19% of renewable energies as share of total electricity consumption instead of the 2010 target of 22%.



SolarAccess.com

Saudis ready to pump full tilt if demand calls

“We are seriously, today, looking at the possibility of putting additional capacity and raising our sustained capacity. Our wheels are moving,” Jumah said.

Houston Chronical

Florida subpoenas 8 oil companies over soaring gas prices

Quote from a telephone interview with Florida Attorney General Charlie Crist:

“The people deserve a reasonable explanation as to why the price of gasoline is so darn high. Enough is enough, frankly. It just keeps going up and up and up.”

Sun-Sentinel

Iraq and the hidden euro-dollar wars

A New American Century? Iraq and the hidden euro-dollar wars by F. William Engdahl, USA/Germany Despite the apparent swift U.S. military success in Iraq, the U.S. dollar has yet to benefit as safe haven currency. This is an unexpected development, as many currency traders had expected the dollar to strengthen on the news of a […]

Oil Price Settles at New High

– The price of oil reached a new high Monday, settling at $41.72 per barrel as traders shrugged off Saudi Arabia’s latest pledge to boost production one week ahead of the busy summer driving season.Light crude oil for July delivery rose $1.79 a barrel, or 4 percent, on the New York Mercantile Exchange, exceeding the […]

Drivers Eye Vegetable Oil As Cheap Fuel

(AP) By LAURA WALSH, Associated Press Writer WESTON, Conn. – As the nation grapples with pumped-up gas prices, car owners are turning to their favorite restaurants for a solution: recycled vegetable oil.(AP) By LAURA WALSH, Associated Press Writer WESTON, Conn. – As the nation grapples with pumped-up gas prices, car owners are turning to their […]

Shell cuts oil reserves… again

LONDON (Reuters) – Royal Dutch/Shell has cut its oil reserves for the fourth time this year as a booking scandal that has wiped more than a fifth from the oil giant’s reserves rumbled on.

CHINA: Oil price hike worsens energy problems

China became a net oil importer in 1993. Recently, it overtook Japan to become the second-biggest oil importer in the world, just after the US. Its dependence on oil imports is expected to rise to 50% by 2010.

more

Russia set to strike deal: Kyoto pact for WTO bid

Russia set to strike deal: Kyoto pact for WTO bid

Good news for un-Coal-a fans like me.

Seattle Times

OPEC Delays Decision on Boosting Oil-Production Quota

May 22 (Bloomberg) — The Organization of Petroleum Exporting Countries delayed a decision on Saudi Arabia’s proposal to lift the group’s oil-output quota as the U.S. and other nations press for more supply to lower near-record prices. OPEC Delays Decision on Boosting Oil-Production Quota (Update3) May 22 (Bloomberg) — The Organization of Petroleum Exporting Countries […]

India will invest $1 billion per year in acquiring oil and gas fields abroad.

In order to cut dependence on highly volatile international market for its crude requirement, India will invest $1 billion per year in acquiring oil and gas fields abroad. Govt Steps Up Oil Field Acquisitions OUR INFRASTRUCTURE BUREAU NEW DELHI, MAY 21: In order to cut dependence on highly volatile international market for its crude requirement, […]

Opec plays down oil output boost

Oil cartel Opec is trying to pour cold water on expectations it will boost oil output in the face of record prices. Ahead of an informal meeting in Amsterdam, Opec ministers are warning that factors such as security concerns, and not shortages, are driving costs. Industrialised nations fear that high prices could damage the global […]

CNN: Concerns grow about world oil reserves

NEW YORK (CNN/Money) – With oil prices hovering near record highs and OPEC saying it’s out of their control, the question of whether the planet is nearing the end of its oil supply has again arisen.CNN.COM NEW YORK (CNN/Money) – With oil prices hovering near record highs and OPEC saying it’s out of their control, […]

The world economy remains vulnerable to the price of oil

a small risk of a very bad outcome is enough to justify a substantial

Venezuela increasing crude oil production 5 million bpd by 2009

Rodriguez announced that PDVSA, the Venezuelan state-owned energy company,will invest some $27 billion of its own funds to underwrite the increase in crude oil production.

Petroleum World

Is Oil Predicting a Stock Market Crash?

Back in March ‘03 when my predictor’s turned bullish it was difficult to get anyone to listen, everyone was extremely bearish. Now it appears that a recent survey says 80% of market participants are bullish. Is it time to become bearish? In January of ‘03 Oil prices spiked up 76.82% fro the previous January. Should […]

China to invest in crude oil pipeline in Kazakhstan

The pipeline, expected to be completed in 2005, will bring Chinese oil companies closer to vying with major foreign oil companies for the huge reserves in the Caspian Sea region, a major source of energy outside the volatile Persian Gulf. KnightRidder Washington Bureau China to invest in crude oil pipeline in Kazakhstan By Tim Johnson […]

Iraq’s Governing Council head killed

TONY JONES: Iraq’s Governing Council has labelled the assassination of its president a great loss and US administrator in Iraq Paul Bremer has called it a vile act. The suicide bomb attack that killed Ezzedine Salim has shaken the country just six weeks before the handover to Iraqi sovereignty. Mr Salim and as many as […]

Dr. Eugene Mallove is dead

Dr. that said cold fusion will work, was planning on going to DC next week to prove it, strangely murdered.

ZPEnergy.com AP local wire

At last, some honesty from the Government on oil!

At last, some honesty from the Government on oil! Deputy Prime Minister John Anderson confirmed the guts of my column today, Oils ain’t just oils, they’re to die for. He said on the ABC’s InsiderDeputy PM confirms oil crisis By Margo Kingston May 17, 2004 At last, some honesty from the Government on oil! Deputy […]

No oil crisis, yet

Investors, however, have no choice but to expect higher oil prices as the cost of recovery spirals

CNN

Oil at 21-Year High on Supply Strains

“U.S. light crude touched $41.50 a barrel, an all-time high in the 21-year history of the New York Mercantile Exchange contract. London Brent stood 34 cents higher at $38.83 a barrel.”LONDON (Reuters) – Oil prices vaulted to a 21-year high Friday for fear that supplies already stretched by world economic expansion could be hit by […]

Boom Fuels Oil Demand in China

“But this welcome resurgence in economic activity brings to the fore the issue of securing the necessary supplies to sustain the recovery.” Soaring global economic expansion, helped by explosive growth in China, is fueling the biggest increase in demand for oil in 16 years, according to the International Energy Agency (IEA). In its latest monthly […]

INTERVIEW-No room for Russia to raise oil exports

MOSCOW, May 14 (Reuters) – Russian crude oil exports have hit a ceiling and after many years of growth the world’s second largest exporter cannot raise shipments unless new pipelines are built, oil pipeline monopoly Transneft said on Friday. By Dmitry Zhdannikov and Richard Ayton MOSCOW, May 14 (Reuters) – Russian crude oil exports have […]

OPEC Powerless to Stem Oil Price Surge

LONDON (Reuters) – Oil prices burst to new 13-year highs above $40 a barrel on Wednesday on concern that OPEC may not pump enough oil to meet rapidly accelerating world oil demand.OPEC Powerless to Stem Oil Price Surge Wed May 12, 2004 01:05 PM ET By Andrew Mitchell LONDON (Reuters) – Oil prices burst to […]

World oil demand seen at 16-year high

LONDON – Rapid global economic expansion is fuelling the biggest increase in world oil demand growth for 16 years, the International Energy Agency (IEA) said on Wednesday.World oil demand seen at 16-year high International Energy Agency cites huge China growth Updated: 7:52 a.m. ET May 12, 2004LONDON – Rapid global economic expansion is fuelling the […]

« Previous Page — Next Page »

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