Storm aims for heart of U.S. oil industry

Oil traders closed business on Friday confident that Hurricane Katrina would hit too far to the east to affect the price of oil and natural gas.
That was before the National Hurricane Center shifted the storm’s possible path to a more westerly track that slices through the nation’s main oil artery and could result in record prices for a barrel of crude within a matter of days.

Peak Oil Headlines – 29 August, 2005

Oil’s Peak: The End May Be Nearer, It Seems / Peak Oil Debunked? / Big Gav’s Peak Energy News Roundup / WHRW Interviews Julian Darley / Jan Lundberg talks about peak oil & gas prices / James Howard Kunstler interview with Robert Birnbaum / Matt Simmons with Lou Dobbs on CNN / Green Car Congress monitors energy issues / A Peak Oil Primer / Gulf Oil Supply/Katrina Weather Map Update /

Politics and Economics Headlines 29 August, 2005

Fleet operators fret over fuel prices / Global: Globalization’s First Oil Shock / Nigeria: Petrol price jumps 50% / China takes the brakes off motoring / Prices transform oil into a weapon / A New Era for Energy / ‘I Can’t Afford My Gasoline..’ / Africa’s Oil Comes With Big Downside / Energy Prices Hit Americans on All Fronts / Gas prices too high? Try Europe / Demand for Oil Insight Is Spiking, Too

UK gas and electricity crisis looming

The UK could experience a shortfall in gas supplies this winter due to the rapidly declining extraction rate from North Sea indigenous reserves and the country’s inadequate gas infrastructure (based on a just-in-time delivery system from offshore fields).

The Oiloholics

The Economist has on its cover this week a not-so-flattering caricature of Uncle Sam and a [Chinese] dragon, both sipping down oil like there’s no tomorrow. The article is “The Oiloholics.”