Addicted to oil

Matthew Simmons, an investment banker and adviser to President Bush’s 2000 campaign on energy issues, complained that “You couldn’t get serious people focusing on the issue and we’re going to pay dearly for it.”

Forida Today

Bush to Congress: permit new oil drilling

Washington, DC, May. 22 (UPI) — President Bush used his weekly White House radio address Saturday to call for opening the nation’s untapped oil and gas fields to exploitation.Bush to Congress: permit new oil drilling Washington, DC, May. 22 (UPI) — President Bush used his weekly White House radio address Saturday to call for opening […]

DOE Launch ‘Powerful Savings’ Campaign To Help Consumers Reduce Energy Bills

On the eve of the Memorial Day holiday and the heavy summer driving season, with record-high gasoline prices and rising home energy costs, the U.S. Department of Energy and the Alliance to Save Energy announced the launch of a year-long “Powerful $avings” campaign to help consumers reduce their energy bills and the nation’s energy usage.

Alliance to Save Energy

News? Al Jazeera

“This letter is for Kate who says we don’t need Iraq’s oil. (Previous thread) Wake up, Kate. I wish it wasn’t so, but our country has put itself on the most hated list of most other countries. No one likes a bully. We have become a big, ignorant, nasty bully.”This letter is for Kate who […]

the end of cheap oil

Humanity’s way of life is on a collision course with geology

Roadside bomb containing sarin nerve agent explodes in Iraq

A roadside bomb containing sarin nerve agent exploded near a U.S. military convoy, but there were no casualties, the U.S. military said Monday. Roadside bomb containing sarin nerve agent explodes in Iraq Monday, May 17, 2004

Cold Turkey – By Kurt Vonnegut

“HereMany years ago, I was so innocent I still considered it possible that we could become the humane and reasonable America so many members of my generation used to dream of. We dreamed of such an America during the Great Depression, when there were no jobs. And then we fought and often died for that […]

Facing up to the reality of a new oil crisis

Every major recession in the United States since 1971 has been preceded by an oil crisis.

AME Info, United Arab Emirates

270 cows generating electricity for farm Methane

the state’s continuing energy shortages have focused government attention on creating new, more diverse sources of energy.

The San Francisco Chronicle

OTC: Energy market ‘Marshall Plan’ needed to fund OPEC members, analyst says

“It would make sense, from a long-term planning model, for us to hope that Saudi Arabia creates the prosperity of about $15,000 per capita,” said Matthew Simmons, chairman and CEO of Simmons & Co. International, at a May 5 OTC topical luncheon

Oil and Gas Journal

Hybrid Cars Don’t Live Up to Mileage Claims

“Wired News is running a great little article about how hybrid cars (specifically Honda and Toyota models) do not come anywhere close to living up to their fuel efficiency claims. The article highlights that the EPA tests are more to blame than the car manufactures. Consumer reports has shown that the mileage for these cars can be as low as 60% of the claims. The article also links to a blog authored by hybrid enthusiast Pete Blackshaw detailing his failures getting any real answers on why his Honda Civic Hybrid isn’t getting better fuel mileage. It looks like these cars are more hype than help in the battle against pollution and foreign fuel reliance.”

SlashDot

Oil isn’t the only fossil fuel that’s in crisis.

Federal Reserve Chairman Alan Greenspan confirmed what energy traders have known for months: that prices for natural gas could top $6 per thousand cubic feet this summerGot Gas? Oil isn’t the only fossil fuel that’s in crisis. By Paul Roberts Posted Tuesday, May 11, 2004, at 11:47 AM PT Now that you’ve finally adjusted to […]

The increased cost of finding and developing non-OPEC oil has fuelled speculator

LONDON (Reuters) – Saudi Arabia’s call for OPEC to cool prices by increasing supply aims to douse a rally that has sent oil prices up around 20 percent this year to the highest level in 13-years. Despite Saudi Oil Minister Ali al-Naimi’s comments, oil prices are still within a dollar or the $40 mark after […]

The Oil Crunch

Rupert Murdoch explained the payoff: “The greatest thing to come out of this for the world economy, if you could put it that way, would be $20 a barrel for oil.”

NY Times

New book predicts major shock to global economy.

Q: In “The Oil Factor,” you forecast $ 100-a-barrel crude-oil prices in the future. That seems like an extravagant number, given that prices now are historically high and they’re not even one-third of that.

UK oil flow expected to become a trickle.

“…The discovery of oil in the North Sea transformed the economy of
many of the communities surrounding it. But production has peaked…”

Alexander’s Oil and Gas Connection

Global Climate Change & Peak Oil, Part II

But the Pentagon report was more than a summary of the greenhouse effect, ozone depletion, and increases in global average temperatures. It was an unprecedented acknowledgement of a much more direct threat to our place in the world: abrupt climate change.

From the Wilderness

The looming oil crisis will dwarf 1973

For many of us who have been observers of global energy trends for what now amounts to decades, this has become not a matter of “if” but rather one of “when.”

Investors Business Daily

ANALYSIS-China oil firms shun Japanese path in oil hunt

Just like Japan’s predicament 30 years ago amid an oil crisis, China has been driving its oil firms to buy assets abroad since it became a net oil importer in 1993.

Forbes

New firms help fuel hopes for ageing oil fields

“only half of the estimated reserves in the region have been exploited to date and there is every indication that the North Sea will continue to be an important production region for decades to come.”

scotsman

The Mother Of All Oil Shocks Is Looming: Toward the Petro Apocalypse

A French elected official from the Green Party warns that there will be an oil crisis unlike any that preceded it by the end of the decade.

Axis of Logic | Le Monde (French Version)

Shareholder Concern for Climate Change Triples in One Year

Renewables are the fastest growing segment of the global energy market. The World Energy Council reports that the global market for renewable energy is likely to be in the range of US$234-265 billion by 2010 and US$1.9 trillion by 2020.

Yahoo -AP

Consumption is Going to Stop Growing

Higher prices show that our insatiable demand for gasoline is catching up with our willingness to produce it. By Michael D. Tusiani In today’s Washington Post: Running On Empty – Higher prices show that our insatiable demand for gasoline is catching up with our willingness to produce it. By Michael D. Tusiani Wednesday, April 28, […]

PEAK OIL: DEBATE OR FEUD?

if you extend Hubbert’s model of the American petroleum story onto the whole planet, you’ll miss the nuances of regional geology. And if you don’t, you’ll convince yourself that a new motherlode of black gold is just waiting for the right drill from the right team of cowboys.

From the Wilderness

Water, Water Everywhere (but not a drop to drink)

Excerpt: I will never believe Mike Lynch again because he just makes up his own facts. To which I would add… Nice grammar Mike! aramcoexpats.com original article Water, Water Everywhere (but not a drop to drink) Author: Michael C. Lynch, President, Director Petroleum Services February 27, 2004 – Released: 3/6/2004 GLOBAL Petroleum SEER Alert: This […]

Iraqi Oil Terminal Closed After Attack

Suicide boat bombings targeting the oil industry have forced the
closure of Iraq’s biggest terminal, losing the country nearly 1 million
barrels a day in exports, the oil minister said Sunday.

Yahoo – AP

Global Climate Change and Peak Oil

Peak Oil is bringing on the agonies of a huge cultural and economic transition. Like the withdrawal symptoms endured by an addict, the effects of the coming petroleum crisis will ravage the American body politic and work necessary but painful changes in the life of the entire human community.

From the Wilderness

Research: Pig Manure Can Become Crude Oil

Big oil refineries are unlikely to purchase crude oil made from converted manure, Zhang said, because they aren’t set up to refine it. But the oil could be used to fuel smaller electric or heating plants, or to make plastics, ink or asphalt, he said.

Yahoo

Saudi Arabia Pledges Oil Supply to Japan

The Japanese minister added: “I said, ‘The cheaper the better.’”

Mercury News

Imagining a $7-a-Gallon Future

Daniel Yergin at The New York Times: Imagining a $7-a-Gallon Future Excerpt:

Adherents of the “peak oil” theory warn of a permanent oil shortage. In the next five or 10 years, they maintain, the world’s capacity to produce oil will reach its geological limit and fall behind growing demand.

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