China faces cold winter as fuel grows scarce.

Some 200 million people could be left out in the cold in China this winter, the state-run media warned yesterday, as energy shortages threatened the traditional switching on of the nation’s centrally planned central heating system.http://www.guardian.co.uk/china/story/0,7369,1352019,00.html

Windmills may cause meteorological changes

New York, Nov 16 (IANS) An India-born, US-based scientist has proved that large-scale installation of windmills to replace conventional sources of energy may cause drastic local weather changes. According to a newly published study by The Journal of Geophysical Research quoted by the New York Times, a wind farm with thousands of wind turbines also […]

Energy: A Global Overview

Matthew Simmons presentation:

Slide 19: non-OPEC, non-FSU supply peaked

Simmonsco

China Barrels Ahead in Oil Market

SHANGHAI — About a three-hour drive south of Shanghai, along the East China Sea, workers are building 52 gigantic tanks, each capable of holding more than 25 million gallons of oil — enough to supply every driver in China with gasoline for a month. tdrive comment: This translates to 31 Mbbl of oil. http://news.yahoo.com/news?tmpl=story&u=/latimests/20041114/ts_latimes/chinabarrelsaheadinoilmarket

Crude Oil Drops on Optimism Increasing Output Will Boost Supplies in U.S.

Crude oil tumbled on speculation that U.S. supplies of heating fuels will be sufficient to meet winter needs as inventories rebound with rising global output. U.S. crude stocks rose 1.9 million barrels to 291.5 million in the week ended Nov. 5, a government report showed. Daily imports exceeded 10 million barrels for a sixth straight […]

Marathon Oil Reviews Oil, Gas Reserves

HOUSTON – Marathon Oil Co. is reviewing its oil and gas reserves for a possible downgrade, according to a regulatory filing Wednesday. Marathon Oil Reviews Oil, Gas Reserves HOUSTON – Marathon Oil Co. is reviewing its oil and gas reserves for a possible downgrade, according to a regulatory filing Wednesday. http://news.yahoo.com/news?tmpl=story&u=/ap/20041110/ap_on_bi_ge/marathon_oil_reserves_3

Remember Nixon

Iraq isn’t going away and peak oil might just be this years newstory bullet. Elections sometimes get in the way of real debate. Reasonable re appreciation of the illegal war perspective is valuable in any case. Who can write it up proper for a Heartland audience? Who can marshal the evidence in a lawyerly manner […]

Not so vast as our failure

Few people seem to recall that the U.S. was the Saudi Arabia of the world at one time producing more oil than any other country. At the beginning of the last century the U.S. was the greatest oil exporter in the world. 7 out of 8 barrels of oil used in the first and second […]

UK PRESS: World Oil Output To Peak Next Decade – BP Executive

LONDON -(Dow Jones)- A senior executive at BP PLC (BP) thinks world oil production will peak in the next decade, earlier than most other forecasts, the Business reported Sunday. UK PRESS: World Oil Output To Peak Next Decade – BP Executive LONDON -(Dow Jones)- A senior executive at BP PLC (BP) thinks world oil production […]

$80 Oil, Here We Come!!!

In January of this year, I put together an article that appeared in the February issue that laid out the case for and against $50 oil. While the arguments against $50 oil have been thoroughly discredited, most market observers still do not understand that the price of oil will continue to head much higher. In […]

Bush plans could mean cheaper fuel

In a second term, lobbyists and public policy veterans expect him to do even more for renewable fuels such as ethanol, reshape fuel-economy regulations in ways that could require even better mileage, and push a Republican Congress to pass an energy bill with generous tax credits for people who buy especially fuel-efficient vehicles.http://news.yahoo.com/news?tmpl=story&u=/usatoday/20041105/bs_usatoday/bushplanscouldmeancheaperfuel

Be Careful For What You Wish by Dr. Richard S. Appel

Many investors and traders that have a keen desire for higher gold complex prices, believe that it will be wonderful when gold finally breaks free from the shackles that have long restrained it, and soars wildly higher in price. …far fewer[investors] have any understanding of the consequences to our great nation and its citizenry, themselves included, that will result if these underlying driving forces truly play out, and propel the eternal metal to the untold heights that they believe are its fate.

financialinshights.org

The End Is Near By Kurt Vonnegut

… we are presently touching off nearly the very last whiffs and drops and chunks of [fossil fuels]. All lights are about to go out. No more electricity. All forms of transportation are about to stop, and the planet Earth will soon have a crust of skulls and bones and dead machinery. inthesetimes.comAnd nobody can […]

The Mideast ‘bomb’ no one talks about

as the number of people increases, so does internal demand. In a few decades, many OPEC nations in the Middle East will have such large populations that they could end up consuming much or all of the energy they now export, suggests Matthew Simmons, an oil consultant in Houston.

The Christian Science Monitor

Oil Companies Resist Investment

As oil prices have been hovering near record levels, oil company executives have been running their businesses as if prices will sink .http://www.washingtonpost.com/ac2/wp-dyn/A19777-2004Nov2?language=printer

Presidential Candidates Seen Ignoring Consequences of Global Oil Depletion

during the month of October, EV World asked its readers, “Do you believe the U.S. presidential candidates are giving sufficient attention to the problem of peak oil and how they will address it in the next four years”?

Our readers responded overwhelmingly in the negative. Of the 1,470 who participated in the poll, 1280 replied “No”. That’s 87%. Only 148 (10%) answered, “Yes” and 42 ( 3%) indicated that they didn’t know.

emediawire

Iran, China sign 100 billion dollar gas deal

TEHRAN, Oct 29 (AFP) – Iran and China have signed a preliminary accord under which China would buy 10 million tonnes a year of liquefied natural gas (LNG) for 25 years in a deal worth 100 billion dollars, the student news agency ISNA said Friday.

Turkish Press

It’s Time for an Alternative Fuel

The era of human development with oil and gas as energy source is nearing its end and in the next 30-40 years, there will be a ‘clean break’ to produce energy from renewable, non-fossil fuels, mostly from hydrogen. The rise in global temperature due to emission of green house gases will force man to seek […]

NZ has time to prepare for future oil crisis – Energy Minister

Mr Hodgson said the discussion document had deliberately steered away from extreme positions, though it acknowledged the world and New Zealand faced serious problems. “We have been careful to neither deny nor catastrophise…we have two very substantial problems as big as problems get, you could argue,” Mr Hodgson said. Oil production would peak and climate […]

OPEC urges US to use Strategic Reserves

JAKARTA (Reuters) – OPEC took the unprecedented step of urging the United States to tap its emergency crude reserves to bring down world oil prices. Purnomo Yusgiantoro, the president of the Organization of the Petroleum Exporting Countries, said on Wednesday he had approached Washington to suggest the move to force prices down from $55 a […]

10-27 09:00: US DOE Oil Data: API-DOE Comparison For Wk Ended Oct 22

10-27 09:00: US DOE Oil Data: API-DOE Comparison For Wk Ended Oct 22 10-27 09:00: US DOE Oil Data: API-DOE Comparison For Wk Ended Oct 22 DJ US DOE Oil Data: API-DOE Comparison For Wk Ended Oct 22 In 1,000 barrels per day. R denotes revised. ———API——– ———DOE——— 10/22/04 10/15/04 chg : 10/22/04 10/15/04 chg […]

BP: Oil at $30!

AFX-UK LONDON Petroleumworld.com 10 27 04 BP PLC chief executive Lord Browne said demand is likely to keep the price of oil at around 30 usd a barrel over the next four years. ” On the basis of the recent track record and the supply-demand balance, oil prices have a support level of around 30 […]

Putin – Why Not Price Oil In Euros?

President Vladimir Putin said Thursday Russia could switch its trade in oil from dollars to euros, a move that could have far-reaching repercussions for the global balance of power — potentially hurting the U.S. dollar and economy and providing a massive boost to the euro zone.“We do not rule out that it is possible. That […]

Waving goodbye to oil

Soaring oil prices have convinced governments of the need for a change in energy technology – the race to build wave and tidal stream machines is on.

Proponents say if they harnessed the energy of the ocean, they could have enough energy to power the planet. Britain’s available wave power alone has been estimated to be around double the country’s energy consumption.

Aljazeera.net

Stocks Higher Despite Oil Uncertainty

Wall Street meandered higher Tuesday despite uncertainty over oil prices and a drop in consumer confidence. Insurance stocks rallied a day after Marsh & McLennan Cos. Inc. fired its chief executive in the face of an ongoing probe.

http://biz.yahoo.com/ap/041026/wall_street_7.html

Andrew McKillop: Demographic Oil Demand and Peak Oil

Making the case for energy transition and sustainable development is difficult, if not impossible, with political leaderships in the richworld drugged by the irrational slogans of ‘New’ Economics and so-called globalization. The likely, near-term oil spikes and shocks due to emerging supply deficits (which also apply to natural gas) may break the policy stranglehold that has descended like night on serious study, and action.

Petroleumworld

The future of energy security

In this bleak context, it is easy to understand why powerful and technologically advanced nations such as the US, Japan, and the UK. have such an abysmal record when it comes to long-term energy planning or alternative energy. In fact when the major industrial nations speak of energy policy, about energy for the future, or […]

The Buck Backs Down

I have posted news about the economy during the last three months of the election process before. And this news clip says more than what meets the eye. Also, it looks like we would have a good chance to replot that chart from the ASPO newsletter, where they argued that oil is traded in Euros os opposed to US-$. Enjoy!

CBS Marketwatch

Elephant in the room is US debt

The recessions that followed the first two oil shocks were caused by monetary policy responses designed to control inflation, not the rise in the oil price itself. That is not to say $US50-plus oil is not painful – but since it is a product of demand, it should be self-correcting, in the short term at […]

Interesting story on how oil companies are spending their dollars

http://moneycentral.msn.com/content/P97672.asp

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