The World’s Waning Energy Dependence On Gulf Oil

Between 1975 and 2002, the share of oil in total primary energy consumption in Western Europe and Japan fell from 57% to 43% in favor of both natural gas and nuclear power, the shares of which increased from 12% to 33%.

Middle East North Africa Financial Network

The oil wars : In the pipeline

China and Japan are locked in a fierce diplomatic and economic struggle to win access to Russian oil

Economist

Five Westerners Die in Saudi Oil Port Attack

It was the first such attack on a Western oil facility in Saudi Arabia, the world’s largest oil exporter.

Reuters

Bush or Kerry, it’ll be status quo on oil

Oil is increasingly spoken of as being in short supply, which only guarantees the pivotal position of Saudi Arabia

Business Times Asia

Pig manure can become crude oil

Zhang and his research team have found that converting manure into crude oil is possible in small batches, but much more research is needed to develop a continuously operating reaction chamber that could handle large amounts of manure.

Waukon Standard

Say goodbye to cheap oil

Despite the recent minuscule drop in gasoline prices, some forecasters believe prices will soon head back up and could crest at $3 a gallon by Labor Day FOR THE tens of millions of American motorists patiently waiting for gas prices to come back to Earth, the news from the oil markets is not encouraging. Government […]

World Security and the Politics of Oil

NPR’s Tavis Smiley talks to Michael Klare, Professor of Peace and World Security Studies at Hampshire College, and Jerry Taylor, Director of natural resource studies at the Cato Institute, about the politics of petroleum.

NPR

High Fuel Prices May Change Travel Plans

…Check the Web sites www.gaspricewatch.com and www.gasbuddy.com for the best places to fill your tank, or take advantage of discount gas at wholesale clubs like BJ’s, Costco and Sam’s Club.

NY Times – AP

The Arabs are pissed

Funny you gotta go international to find this stuff.

Herald Tribune

Taipei Times

Cairn Strikes Oil In Rajasthan

new discovery = 400 million barrels of oil

The Financial Express

Crude prices stir interest in shale oil

“The oil sands are large enough to produce a significant amount of crude for export to the United States for several years to come,” Anderson explained, adding that the current production rate of more than 1 million barrels per day could increase to 5 million bpd by 2030.

Middle East North Africa Financial Network

Plan War and the Hubbert Oil Curve

Richard Heinberg:
“It

FERC to act on power grid reliability

A policy statement set to be unveiled at FERC commissioners’ regular meeting on Wednesday will define the agency’s role in “assuring reliable grid operations and add teeth to (industry) rules,” according to an agency source familiar with the document. The source spoke on condition of anonymity.

Forbes

Wyoming First to Get Wind Turbine Tester

Wyoming’s incessant gales have attracted the first commercial wind
turbine testing facility in the United States.

Yahoo – AP

‘Ice highway’ opens Earth’s last frontier

Six Americans have just ended a second year of what looks like an impossible mission — carving out a road to the South Pole.

CNN

Tracking the blackout bug

A number of factors and failings came together to make the August 14th northeastern blackout the worst outage in North American history.

Security Focus

Russia Weighs Tax Shift Toward Oil Sector

With the new proposals, Russian taxes on oil become not only higher, but more steeply graduated, depending on where oil prices are.

NYT

CASS Report: Russia to become China’s largest oil and gas supplier

Excerpt:
According to the report, China’s oil demand in 2005 will reach 294 mln tons, equal to that of Japan. In 2008, China’s oil demand will reach 351 mln tons, surpassing the total 330 mln ton demand of Germany, UK, France and Denmark, and become the second largest oil consumer in the world. Around 2028, China’s oil consumption will reach 1,164 mln tons, approaching the estimated 1,211 mln ton oil demand of the US. After then, China will gradually exceed the US to become the largest oil consumer in the world.

Interfax

China Unveils Finding of New Oil Deposits

From the Ocala Star Banner:

The government has announced discoveries of new oil deposits that it says will help reduce China’s increasing dependence on imports, amid growing worries over the country’s energy security.
( Full Article)

Canadian Oil Sands Trust releases 2003 year-end reserves information

it says:

total proved plus probable reserves = 1,849 million barrels of Syncrude Sweet Blend

yahoo

Longbow Energy Makes New Pool Discovery

and they’ll spud this well in July

LongBow Energy has made a new pool wildcat discovery at Watts Lake in the Provost area of Alberta.

rigzone

Gauging Reserves: Room for Interpretation

A good intro to the jargon
“recoverable in future years” = how much left
“reasonable certainty” = how sure are you

The NY Times

Two New Discoveries

from Rigzone Cairn

Goodrich

Cairn has made a second significant oil discovery in Rajasthan with the N-A-1 exploration well.

Goodrich Petroleum has made a new discovery on its Dempsey prospect at
South Pass Block 41, a southerly extension to its Burrwood field in
Plaquemines Parish, Louisiana.

Ex-Shell Head Warned on Reserves

It turns out that Sir Philip Watts was honest after all. The Wall Street Journal, citing undocumented sources, said that executives warned in 2002 that the company’s accounting of oil and natural gas reserves was inconsistent with U.S. Securities and Exchange Commission reports. But warning in a memo isn’t the same thing as warning in a press release?

yahoo news

WSJ

Lazy guide to net culture: Feeling peaky

If only they had waited they could have listed Peakoil.com in this guide to peakoil websites.

An adviser to the Bush administration on energy matters, Matthew Simmons, has described the problem of cheap oil running out (known as “peak oil”) as “the world’s biggest serious question”.

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