Indonesia tests oil dispute waters
INDONESIA’S President plans to visit an island near the Malaysian border after he sent warships there, following Malaysia’s move to award oil exploration rights there, a government official said yesterday.
US: Natural gas reserves slashed
Citing disappointing drilling results in two locales, ChevronTexaco Corp. slashed its U.S. natural gas reserves by 13 percent in 2004, the third year in a row in which it suffered a substantial reserves hit in the region.
Chavez proclaims era of cheap oil over
The Venezuelan president said OPEC could set prices between US$40 and US$50, while the US said its oil imports from the country were replaceable
Dependence on Phantom Carrying Capacity
Because the people of industrial nations did not recognize themselves as hunters and gatherers, they adhered to premises that were becoming more and more false. Franklin D Roosevelt spoke for all believers in those premises in the next-to-last sentence he ever wrote: “The only limits to our realization of tomorrow will be our doubts of today”. [Chapter 3 from William Catton’s classic book Overshoot]
It sounds crazy, but …
Former CIA analyst Ray McGovern revives the neocon’s old nickname, the ‘crazies,’ to describe their approach to oil depletion, the possibility of an overt war with Iran and the problems of the Israeli-US military nexus for peace in the Middle East.
Energy industry seems ripe for merger wave
Another wave of mergers may be building in the energy industry as persistent high oil prices, stockpiles of cash and a shortage of inexpensive places to drill are driving companies to eye their competitors.
ASPO Newsletter #51, March 2005
This month’s ASPO Newsletter includes a depletion profile of Malaysia, and collates some of the most important energy news from the last month.
The long road down: decline and the deindustrial future
The crucial needs that must be met in an age of decline are damage control, cultural survival, and the building of a new society amid the ruins of the old. Political and business interests aren’t going to meet these needs, or do anything else helpful; oil is to the modern industrial nations what corn was to the ancient Maya, and the ahauob of Washington and Wall Street have turned to war just as their Maya equivalents did.
Fundamentals in the Oil Pricing Game
Any production numbers for OPEC are subject to the key question: net or gross? This pattern, of domestic oil demand increasing much faster than production, is common to far more than 9 out of 10 oil producers, both OPEC and nonOPEC. Net exports, therefore, will always tend to grow slower than national production.
The Oil Patch Is Getting Slippery
Sure, Big Oil is raking in money. But new reserves are more elusive, and governments are bargaining harder.
Oil prices could hit 80 dollars in next two years: OPEC
Prices of crude oil could surge to as high as 80 dollars a barrel within the next two years but such a level would not last long, OPEC’s acting secretary general was quoted as saying.
New Zealand: Why the Petrol Tax is Good Thing
Our Government is well aware of Peak Oil thus the 5% Petrol Tax is an underhanded market signal. A signal that alternatives need to be developed to our energy hungry, drive in utopia, recreational shopping lifestyles.
