High oil prices appear to be curbing demand
According to the IEA, high prices appear to be stemming global oil demand, a view not shared by Opec.
Great Expectations
When you combine the seven deadly sins with high technology, you get some really serious problems. You get turbo-sins. It’s dreadful to imagine what goeth after turbo-pride.
The Value of the Remaining Wilderness
ANWR is only the most noticeable tip of the iceberg here, as the White House and Congress are working together to open our entire remaining wilderness to resource production. We are witnessing the start of a mad scramble for crumbs as Peak Oil announces the end of abundance.
Australia: Gorgon Gas Project – Ugly by name
The Gorgon project involves far more than just the development of an isolated, deepwater, sour gas reservoir on an ‘A’ class nature reserve. There’s a secret agenda, says Martin Hastings, the subterranean storage/disposal of approximately 5 million tonnes a year of CO2 into an underground aquifer.
Carbon sequestration – the hottest topic on the planet
Many govenments around the world are pushing carbon sequestration as the panacea to global warming. Deeper analysis shows that economic realty will push most economies towards a nuclear solution – the only problem of which is – what to do with the waste.
Oil, Geopolitics, and the Coming War with Iran
As the United States gears up for an attack on Iran, one thing is certain: the Bush administration will never mention oil as a reason for going to war.
Imperial Reach
Michael Klare discusses the recent and proposed changes to locations of US overseas bases in relation to changed geopolitical circumstances and the need to protect its sources of oil.
Saudis promise to open oil spigots
Saudi Arabia is promising petroleum buyers all the crude they want to build inventories ahead of an expected sharp increase in demand, according to a media report Thursday. The world’s largest oil exporter is offering to pump to capacity, The Wall Street Journal reported in its online edition, citing an unnamed senior OPEC official.
Shell deal fires up Gorgon gas hopes
The $11 billion Gorgon gas project, off the West Australia coast, moved a step closer yesterday with project partner Shell saying it had finalised the sale of 2.5 million tonnes of Gorgon LNG (liquefied natural gas) a year to the US west coast.
Heading For Peak: Skrebowski’s Oilfield Megaprojects Update
For Global Public Media, Chris Skrebowski, author of the important Oilfields Megaprojects Report for the UK Petroleum Review, explains to Julian Darley why 2005 will be a critical year for global oil.
Charcoal fuel gets green light
A shift from burning wood to burning charcoal in African households could save millions of lives and substantially reduce emissions of greenhouse gases, say US researchers.
BHP, Australian Explorers Shift to Gas as Oil Finds Dwindle
BHP Billiton and BP Plc are among petroleum companies that may commit this year to spend more than A$5 billion ($3.9 billion) in Australia, mostly to produce natural gas as oilfield discoveries decline.
