OPEC Still Committed to Raising Quota by 500,000 bpd Next Month

OPEC will go ahead with next month’s planned production increase in a further attempt to reduce high world oil prices, the cartel’s President Purnomo Yusgiantoro said. “OPEC still has a commitment to raise its quota by 500,000 barrels a day beginning in August”

RigZone

After the Oil Runs Out

It now appears that world oil production, about 80 million barrels a day, will soon peak. In fact, conventional oil production has already peaked and is declining. For every 10 barrels of conventional oil consumed, only four new barrels are discovered. Without the unconventional oil from tar sands, liquefied natural gas and other deposits, world production would have peaked several years ago.

Washington Post

UK close to losing status as oil exporter

Britain may soon take on permanently to the status of oil importer, with North Sea production, which peaked at 2.9 million barrels a day in 1999, set to fall to near half that level by 2007.

The Times

UK close to losing status as oil exporter

Britain may soon take on permanently to the status of oil importer, with North Sea production, which peaked at 2.9 million barrels a day in 1999, set to fall to near half that level by 2007.

The Times

UK close to losing status as oil exporter

Britain may soon take on permanently to the status of oil importer, with North Sea production, which peaked at 2.9 million barrels a day in 1999, set to fall to near half that level by 2007.

The Times

UK close to losing status as oil exporter

Britain may soon take on permanently to the status of oil importer, with North Sea production, which peaked at 2.9 million barrels a day in 1999, set to fall to near half that level by 2007.

The Times

Wind Power for Old Oil Rigs

Baton Rouge, Louisiana – July 9, 2004 [SolarAccess.com] Talk about a transformation, a unique arrangement off the coast of Louisiana could soon allow wind turbines to be placed on derelict off-shore oil rigs.

Solar Access

Eco-Marathon competitor achieves 9737mpg

“The winning competitor in this year’s Shell Eco-Marathon achieved an astonishing 9737mpg in the two-day event at the Rockingham Motor Speedway. The French Microjoule team beat their nearest rivals by over 2000mpg, despite problems with a broken chain, disturbing engine noises and difficult weather conditions.”

4car.co.uk

Deep Water Covers 180B Bbls Undiscovered Oil, Gas – Study

LONDON (Dow Jones)–Deep water covers 180 billion barrels of the world’s undiscovered oil and natural gas reserves, more than twice the amount yet found, Scottish energy consultants Wood Mackenzie said Wednesday.

Around two-thirds of oil and gas discoveries come from deep water now, as exploration successes on shore and in shallow waters become rarer, Wood Mackenzie said in a statement, citing a study it and fellow energy consultants Fugro Robertson conducted.

Yahoo

This is getting silly…

July 7 (Bloomberg) — Crude oil prices fell from a one-month high after Saudi Oil Minister Ali al-Naimi said the kingdom is committed to boosting OPEC output quotas Aug. 1.

Reuters

OPEC serious about changes in price band

According to Iran’s Official News Agency (IRNA) Minister of Oil, Bijan Namdar-Zanganeh said that the discussions carried out on changes in the OPEC price Band have been serious. Speaking on the sidelines of the opening ceremonies of the9 th oil, gas and petrochemical exhibition Zanganeh told reporters that the OPEC`s Board of Directors will present […]

Ontario to refit Nuke plant and possibly build more.

The government of Ontario Wednesday announced plans to rebuild one nuclear power plant in Pickering and possibly rebuild two others.

InterestAlter

Ontario to refit Nuke plant and possibly build more.

The government of Ontario Wednesday announced plans to rebuild one nuclear power plant in Pickering and possibly rebuild two others.

InterestAlter

Ontario to refit Nuke plant and possibly build more.

The government of Ontario Wednesday announced plans to rebuild one nuclear power plant in Pickering and possibly rebuild two others.

InterestAlter

Blair reignites nuclear debate

Appearing before a committee of senior MPs, he disclosed that America was pressing Britain to look again at the nuclear option, including a new generation of stations that some claim will be safer and cheaper. Britain would have to take “some very difficult decisions”, the prime minister said.

Guardian Unlimted

Blair reignites nuclear debate

Appearing before a committee of senior MPs, he disclosed that America was pressing Britain to look again at the nuclear option, including a new generation of stations that some claim will be safer and cheaper. Britain would have to take “some very difficult decisions”, the prime minister said.

Guardian Unlimted

Blair reignites nuclear debate

Appearing before a committee of senior MPs, he disclosed that America was pressing Britain to look again at the nuclear option, including a new generation of stations that some claim will be safer and cheaper. Britain would have to take “some very difficult decisions”, the prime minister said.

Guardian Unlimted

Marketplace Report: Bad News for Oil Market

NPR’s Madeleine Brand speaks to Tess Vigeland of Marketplace about discouraging news regarding the global oil market.

NPR Audio

Indiana Jones and the China crusade

“There has been no great oil discovery in the past 35 years,” he argues. “The North Sea has peaked. Alaska is in decline. Mexico is in decline. All these great oilfields are in decline. To anybody who thinks I am lying about this, I would ask: where is the oil going to come from?”

Guardian

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

Iraqi Oil Exports Are Cut Nearly in Half

BAGHDAD, Iraq July 5, 2004

Iraqi Oil Exports Are Cut Nearly in Half

BAGHDAD, Iraq July 5, 2004

Iraqi Oil Exports Are Cut Nearly in Half

BAGHDAD, Iraq July 5, 2004

Happy Birthday America!

Still young by country standards, happy 228th B-Day!

(I could swear it’s not a year over 200…)

From:

Where the war really is ‘about oil’

Granted, the United States, with its vast economic and military power, would probably win any direct “hot” war for oil. The far more worrisome scenario is that an escalating rivalry among other big consumers will spark new conflicts

Pipeline Attack Cuts Iraq Oil Exports 37% From Basra

July 4 (Bloomberg) — Iraqi oil exports through the Basra Oil Terminal, the country’s largest oil export facility, are down by 37 percent after saboteurs struck a pipeline in the south, disrupting supplies for the third time in less than two months.

Bloomberg

Pipeline Attack Cuts Iraq Oil Exports 37% From Basra

July 4 (Bloomberg) — Iraqi oil exports through the Basra Oil Terminal, the country’s largest oil export facility, are down by 37 percent after saboteurs struck a pipeline in the south, disrupting supplies for the third time in less than two months.

Bloomberg

Pipeline Attack Cuts Iraq Oil Exports 37% From Basra

July 4 (Bloomberg) — Iraqi oil exports through the Basra Oil Terminal, the country’s largest oil export facility, are down by 37 percent after saboteurs struck a pipeline in the south, disrupting supplies for the third time in less than two months.

Bloomberg

Pig Manure Converted to Crude Oil

For now, each half-gallon (two-liter) batch of manure converts to only about 9 ounces (0.26 liter) of oil.

But Zhang believes the conversion process could eventually solve the problem of pollution and odor at modern hog farms, where farmers pay big money to get rid of the waste. And, he says, pig oil could also offer an alternative to petroleum oil.

“If 50 percent of U.S. swine farms adopted this technology, we could see a [U.S.] 1.5-billion-dollar reduction in crude oil imports every year,” Zhang said. “And swine producers could see a 10 percent increase in their income

Pig Manure Converted to Crude Oil

For now, each half-gallon (two-liter) batch of manure converts to only about 9 ounces (0.26 liter) of oil.

But Zhang believes the conversion process could eventually solve the problem of pollution and odor at modern hog farms, where farmers pay big money to get rid of the waste. And, he says, pig oil could also offer an alternative to petroleum oil.

“If 50 percent of U.S. swine farms adopted this technology, we could see a [U.S.] 1.5-billion-dollar reduction in crude oil imports every year,” Zhang said. “And swine producers could see a 10 percent increase in their income

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