News

Peak oil - May 15

Energy Bulletin - May 15, 2007 - 9:29am
Staff, EB. AAPG oil reserves conference- How much is left?
Peak Oil site with an engaging format
Categories: News

Energy producers - May 15

Energy Bulletin - May 15, 2007 - 9:26am
Staff, EB. Turkmenistan's natural gas: mixed blessing
Kuwait’s oil minister and downgrading reserves
Categories: News

Coal - May 15

Energy Bulletin - May 15, 2007 - 9:24am
Staff, EB. Peak Coal?
Federal loans for coal plants clash with carbon cuts
Categories: News

Petroecuador Plans to Militarize Oil Ops

PeakOil.com - May 15, 2007 - 9:23am
Ecuador's state oil company Petroecuador plans to sign an agreement next week with the nation's armed forces to protect all oil production operations in the country, Petroecuador said in a statement.

The agreement aims to stop theft, the cutting of secondary pipelines and other attacks faced by Petroecuador's production subsidiary Petroproduccion. Private companies in the country suffer similar circumstances.

Categories: News

Biofuels - May 15

Energy Bulletin - May 15, 2007 - 9:20am
Staff, EB. Tough bacteria may hold promise for biofuel
Algal biodiesel: fact or fiction?
Chomsky on ethanol
Categories: News

Five years the key to planet’s future

PeakOil.com - May 15, 2007 - 8:48am

Key decisions must be taken within five years on measures to tackle climate change if the world wants to cope with an expected doubling of energy demand over the next half century, the environmental group WWF said Tuesday.

Delays would expose the planet to dangerous warming within a lifetime or force even harsher and costlier measures that could cause significant damage to the global economy, WWF International said in a technical report.

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Peak Oil, Total Collapse, and the Road to the Olduvai

PeakOil.com - May 15, 2007 - 7:47am
1) most members of Western Industrial Civilization are about to enter a ‘Bottleneck’ of historical magnitude and significance;

2) a confluence of various events is acting to cause the Bottleneck;

3) some of those events are: the peaking of production and ultimate decline of cheap, readily available exosomatic energy resources; the economic bankruptcy of nations; the depletion of water, soil, critical minerals, sea life; etc.

Categories: News

Transport - May 15

Energy Bulletin - May 15, 2007 - 7:39am
Staff, EB. Monbiot: A million road deaths a year? Just the price of doing business
Aviation industry in eye of climate-change storm
SF writer on history of transport
Energy and transport subsidies in Australia: 2007 update
Categories: News

New gas pains: where is it all leading?

PeakOil.com - May 15, 2007 - 7:23am
There is supposed to be a "Gas-out" today across North America.

Earlier this week, a message circulated on the Internet called upon people to refrain from buying gas today. The idea is that if enough people did not buy gas today, it would give the big oil companies a jolt in the range of $3-billion.

Categories: News

Part I: Planning for a Climate-Changed World

PeakOil.com - May 15, 2007 - 6:56am
As the global picture grows grimmer, states and cities are searching for the fine-scale predictions they need to prepare for emergencies--and to keep the faucets running.

On December 11, 1992, a powerful northeaster coalesced off the eastern seaboard of the United States, and an eight-foot storm surge struck New York City. Seawater swamped the Brooklyn Battery Tunnel to a depth of six feet, cascaded down PATH subway stairs in Hoboken, NJ, and forced LaGuardia Airport and many roads and subways lines to close. Had the storm been slightly stronger, a 10-foot surge could have devastated a far wider region, inundating low-lying areas like Coney Island and Manhattan's financial district and overwhelming the 14 sewage plants dotting the New York City coastline.

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Rigged to Blow - Kunstler

PeakOil.com - May 15, 2007 - 6:53am
It's hard to venture around this land and not feel like you are living in something like an obsolete Las Vegas hotel exquisitely rigged for implosion. The massive system that we've poured all our national wealth into, and elaborated to the last limits of refinement over half a century, is poised for failure. The prospect is so dreadful that no legitimate authority in politics, business, the news media, or even those cultural outlands of the arts and religion, can bring themselves to express a plausibly coherent view of what happens next to a living arrangement with no future and an economy of no purpose.
Categories: News

New Russian gas deal bad news for Europe: US

PeakOil.com - May 15, 2007 - 6:38am

PARIS (AFP) - A pipeline deal signed at the weekend by Russia, Turkmenistan and Kazakhstan, giving Russia access to gas from the Caspian Sea, is bad news for Europe, US Energy Secretary Samuel Bodman said here on Monday.

"Europe needs to diversify its energy sources and Europeans should take due note of this," Bodman told a press conference during a meeting of the International Energy Agency.

Categories: News

Bush strives to wean US off foreign oil

PeakOil.com - May 15, 2007 - 5:08am
United States President George W Bush, facing mounting disquiet about global warming and sky-high fuel prices, has ordered his Government to slash America's dependence on foreign oil. Mr Bush says his directive to cut gasoline usage by 20 per cent in the next 10 years will make the United States "more secure for generations to come," help economic growth and safeguard the environment. The so-called '20 in 10' plan was first laid out in Mr Bush's State of the Union speech in January, seeking to slash oil imports from the restive Middle East and make US energy supply less vulnerable to terrorism.
Categories: News

OPEC sees ample crude stocks to cover demand

PeakOil.com - May 15, 2007 - 5:05am
OPEC said on Tuesday that crude oil inventories were more than enough to cover fuel demand during the peak summer travel season, rebuffing calls from consumers for more supply. The monthly report from the Organization of the Petroleum Exporting Countries also showed members were keeping a lid on supply, despite a rise in prices to above $66 a barrel from about $50 in January. "Heading into the driving season, crude oil stocks are more than adequate to meet expected demand. However, gasoline stocks are low for this time of year," OPEC's report said.
Categories: News

Traditional production unfit for half of Kuwait's oil reserves

PeakOil.com - May 15, 2007 - 5:03am
More than half of Kuwait's oil reserves will not be produced through cheap traditional methods, Deputy Director General of the Kuwait Institution for Scientific Research (KISR) Dr. Nader Al-Awadhi said yesterday. Kuwait's oil reserves are estimated at about 95 billion barrels, among the biggest worldwide. Most production, if not all, is being produced through traditional methods, Al-Awadhi told a KISR workshop on "Managing Carbon Dioxide for Improving Oil Production" that started yesterday.
Categories: News

Venezuela nationalises foreign oil rigs

PeakOil.com - May 15, 2007 - 5:00am
The Venezuelan government of firebrand President Hugo Chavez said yesterday it was taking control of oil rigs from multinational firms, in the latest of a wave of nationalisations. Energy Minister Rafael Ramirez, who also heads the state-owned energy company PDVSA, said the firm had in the past ceded control of 18 offshore drilling platforms to foreign giants. "These companies demand millions for the use of these machines. Faced with this situation, we have decided to nationalise this equipment," he told the official Venezuelan news agency ABN without elaborating.
Categories: News

Nigeria: Oil insurgency enters new phase

PeakOil.com - May 15, 2007 - 4:58am
As militias in the Niger Delta renew attacks on the country's foreign oil installations, some analysts forecast outside intervention to secure oil assets, while others say that is only a remote, and dangerous, possibility
Categories: News

China's oilfield of dreams

PeakOil.com - May 15, 2007 - 4:56am
The biggest petroleum discovery in China in four decades has Beijing confident that it can continue oiling the wheels of economic progress well into the future. It will also, officials hope, assuage fears about the "China threat" to global energy security
Categories: News

China‘s April crude oil imports rose 23 per cent to new record

PeakOil.com - May 15, 2007 - 4:53am
China‘s crude oil imports rose 23 per cent in April from a year ago to a record monthly high, a report by the General Administration of Customs showed Tuesday. Imports in April totalled 14.8 million tonnes, or an average of 3.62 million barrels a day, the report showed. Imports for the January to April period rose 10.8 per cent from a year earlier to 54.46 million tonnes, or 3.33 million barrels a day.
Categories: News

Qaeda Suspects Planned Attacks on Saudi Oil

PeakOil.com - May 15, 2007 - 4:49am
Four suspected al Qaeda members arrested in Saudi Arabia last year had planned to attack the kingdom's oil facilities and other Gulf Arab oil producers, they said in confessions shown on Saudi television on Tuesday. Saudi police arrested the four in April last year in connection with a failed attack two months earlier on Abqaiq, the country's biggest oil-gathering facility. Saudi Arabia is the world's biggest oil exporter, supplying about 7 million barrels per day, and holds almost a quarter of the world's oil reserves.
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