Fuel for thought – petrol alternatives

Some think the “peak oil production” level has been reached or will arrive soon, driving oil prices up permanently and dramatically.

Australian scientist John Wright says international studies suggest that global oil production has reached its peak or will peak in the next decade and then production will run downhill.

Stuff.com.nz

Price controls on gasoline: bad idea

price controls on gasoline are a terrible idea. They would cause shortages and lineups and would hurt producers and consumers.

St. Paul Pioneer Press

GAIL, Shell to set up coal-to-gas plant

State-Run GAIL (India) Ltd plans to set up a $174 million coal gassification plant in collaboration with Royal Dutch/Shell. GAIL plans to produce 2,000 tonnes of gas a day and supply it to industrial customers for $3 per million British Thermal Units

Indian Express

July 2004 ASPO newsletter

Oil effectively traded in Euros
Oil,money,and war -the end of the New American Century?
A Most Critical Development
379.Country Assessment -Italy
UK Balance of Payments
An Oil Enigma:Production falls as Reserves Rise
Tanker shortage
Dwindling Exploration
BP takes responsibility for false reserve numbers
The Truth about Oil and the Looming World Energy Crisis

Peakoil.net PDF

Army to Recall Former Military Members

The Army is preparing to notify about 5,600 retired and discharged soldiers who are not members of the National Guard or Reserve that they will be involuntarily recalled to active duty for possible service in Iraq or Afghanistan, Army officials said Tuesday. CNN It marks the first time the Army has called on the Individual […]

Militants target oil-rich Nigeria

Growing sectarian violence between Muslims and Christians, a conflict that shows all the signs of erupting into an all-out religious war, is ravaging Nigeria.

Janes

China Pays a Price for Cheaper Oil

But this year, oil producers are pumping and selling all the oil they can to meet surging demand, and the extra oil they are able to bring to market is, to a great extent, high in sulfur. With sweet crude commanding the highest prices, many refineries in China and elsewhere are buying cheaper sour crude, and turning it into fuels that may contain many times more sulfur than the gasoline and diesel sold in the United States or Europe.

TN

China Pays a Price for Cheaper Oil

But this year, oil producers are pumping and selling all the oil they can to meet surging demand, and the extra oil they are able to bring to market is, to a great extent, high in sulfur. With sweet crude commanding the highest prices, many refineries in China and elsewhere are buying cheaper sour crude, and turning it into fuels that may contain many times more sulfur than the gasoline and diesel sold in the United States or Europe.

TN

China Pays a Price for Cheaper Oil

But this year, oil producers are pumping and selling all the oil they can to meet surging demand, and the extra oil they are able to bring to market is, to a great extent, high in sulfur. With sweet crude commanding the highest prices, many refineries in China and elsewhere are buying cheaper sour crude, and turning it into fuels that may contain many times more sulfur than the gasoline and diesel sold in the United States or Europe.

TN

Anything Into Oil

Out of 100 Btus in a given unit of feedstock, only 15 Btus are used to power the process, with the remainder residing in oil, gas, and chemicals. Most important, the oil produced in these tests easily meets the specifications for diesel fuel

Discover Magazine -July follow up

Anything Into Oil

Out of 100 Btus in a given unit of feedstock, only 15 Btus are used to power the process, with the remainder residing in oil, gas, and chemicals. Most important, the oil produced in these tests easily meets the specifications for diesel fuel

Discover Magazine -July follow up

Anything Into Oil

Out of 100 Btus in a given unit of feedstock, only 15 Btus are used to power the process, with the remainder residing in oil, gas, and chemicals. Most important, the oil produced in these tests easily meets the specifications for diesel fuel

Discover Magazine -July follow up

About 100 Die in Rebel Attacks in Five Iraq Cities

BAGHDAD (Reuters) – About 100 people were killed and several hundred wounded in Iraq Thursday when insurgents launched bloody assaults in five cities to disrupt next week’s formal handover to Iraqi rule.

Reuters

Oil, and defining ‘finite’

WASHINGTON — Oil produced the modern world — its ways of work, warfare and recreation — and soon, we are told, the end of cheap oil will produce abrupt, wrenching changes in the way we live. Changes, certainly, but not convulsions, because the modern world responds to price signals.

CP

The price of power

“The lack of access to reliable and clean energy supplies is a major barrier to improving well-being around the globe – there are an estimated 1.6 billion people living in the rural areas of developing countries who lack access to to electricity – but so is dependence on fossil fuels. Climate driven “natural” disasters also threaten far worse. Rather than just failing to improve the human condition, we could be about to witness the great reversal of human progress.”

New Economics Foundation

Oil Up, Iraqi Exports Resumption Doubted

Prices still remained broadly supported by fears that global oil production is nearing its limits, with the Iraqi halt and a Norwegian strike exacerbating the problem.

Reuters

Price of NG to hit consumers, businesses more than gasoline

At the American Chemistry Council, an industry group that began a campaign in late 2002 to get Congress to care about the rising price of natural gas, officials sound almost wistful about the attention being paid to the pump. …

To help make its case, the council compared the average price of natural gas from 1994 to 1999 with the average price so far this year. As of June 4, it had gone up 194 percent (while gasoline prices rose by less than half that).

“The fact that it’s up close to three times what it was just a few years ago is only now starting to sink in,” said Charles W. Van Vlack, the council’s executive vice president, “but we don’t run a pump for ourselves, we just pay a monthly bill.”

NYTimes article – Free Reg. Req.

OPEC Doubtful on Nonmember Oil Output

Several of the world’s oil producers that don’t belong to OPEC may be unable to quickly ramp up their output to help bring down current high oil prices, the group’s president said Friday.

Yahoo-AP

Rising oil prices speed up fuel cell development

Robert Ianniello, director of materials science and strategic technologies at Engelhard said he expected fuel cell research would gather momentum if oil prices moved above $44 per barrel.

“Economists do the calculation and it’s almost like a breakeven point,” he told Reuters

Platinum Today

Oil giant Shell admits it fuels Nigeria violence

“The behaviour of Royal Dutch/Shell in Nigeria is often indirectly responsible for a vicious cycle of violence and corruption that results in the theft of its crude oil, a leaked report funded by the oil giant says.

An increase in crime in the poverty-stricken Niger Delta could force Shell out of onshore production in Africa’s largest oil producer by 2008, the WAC Global Services report said.

Shell executives admitted the company had inadvertently added to the violence, saying it was difficult to operate ethically in the Niger Delta and that its attempts at community development “had been less than perfect”.

AoL

High fuel prices drive some to ‘gas and go’

OLYMPIA, Wash. – With prices at the pump well over $2, it may make you think twice about filling up. But some criminals aren’t thinking twice. They just gas and go.
king5

Chemical groups pay the price as oil spirals

“The $1,600bn chemicals industry feeds virtually every sector of the manufacturing economy from PVC in cables and pipes, through engineering plastics in cars and trucks, through construction coatings, pharmaceutical ingredients and agrochemicals, to the electronics industry. And about half of its products are made from oil.

Financial Times

Current oil reserves will last past 2100

“Every time oil prices rise for an extended period, the news media issue dire warnings that a crisis is upon us — it’s not!”

The Morning Call

New Approach To LNG Tankers

The new technology would establish LNG docking stations 12 miles offshore. The tanker not only carries liquefied natural gas, but it also regasifies, or vaporizes liquid gas, before pumping it into pipes 125 to 250 feet deep.

Boston Channel 5

Oil Down 10 Percent After OPEC Deal

“Al Qaeda’s leader in Saudi Arabia praised an Islamic militant attack in the Saudi oil city Khobar last weekend that killed 22 people for its impact on crude prices, signaling that oil has become a key strategic target. ”

Reuters

Black Gold: Controlling Global Oil From Iraq to Saudi Arabia to China to Venezue

Thursday, June 3rd, 2004

The US companies might still have done moderately well, but they’re going for the big prize. It’s quite clear. The big prize is very, very substantial control over this enormous prize of 300 billion barrels. That means 9 to 12 trillion dollars in profits. It’s a profit that is just inconceivable.

http://www.democracynow.org/article.pl?sid=04/06/03/142249

A $2 gallon of gas is just the beginning

The strategy for both campaigns so far has been pretty simple: Gas prices are rising rapidly. Blame it on the other guy. Present yourself as the guy who will make gas cheaper.

New York Press

U.S. economists agree oil prices likely to ease

Speaking at the Council on Foreign Relations, JP Morgan Chase’s chief economist John Lipsky, Banc of America chief economist Mickey Levy and Morgan Stanley’s director of global economics Stephen Roach said they expected oil to slip back to around $35 a barrel from more than $42 as the Organization of Petroleum Exporting Countries (OPEC) increases supply and market speculation moderates.

Forbes.com

At least 22 foreigners were killed in the latest attacks on oil industry

At least 22 foreigners were killed in the latest attacks on oil industry workers and facilities in the kingdom, the world’s largest oil exporter. About 50 people were taken hostage and held for 24 hours before Saudi commandos assaulted the terrorist’s stronghold, killing at least two of the attackers. That renewed concerns about supply in a skittish market, with the Saudis scheduled to boost production today from 8.3 million barrels to 9.1 million barrels a day.

The Street

Kuwait says Gulf Arabs coordinating oil security

“We must remain cautious and trust in our security organisation,” Sheikh Ahmad told reporters.”We are coordinating among Gulf Arab countries to prevent attacks.”

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