Oman predicts lower oil production in 2005
Oman, which has battled to halt a drop in oil production, is estimating a lower daily output of 750,000 barrels next year, the national economy minister said in remarks published Sunday.
The Oil Trap
Nobody – not even George Bush and Dick Cheney – believes that the
Earth is producing more petroleum, at least not within an interval of
time or at a scale to be of any use to us or to our successors.
OPEC Nations Seen Cutting Worldwide Deposits in Dollars
Member nations of the Organization of the Petroleum Exporting Countries have cut the proportion of their deposits denominated in dollars by more than 13 percentage points in the past three years, mainly to the advantage of the euro, the Bank for International Settlements said Sunday.
“The China Price”
They are the three scariest words in U.S. industry. Cut your price at least 30% or lose your customers. Nearly every manufacturer is vulnerable — from furniture to networking gear. The result: A massive shift in economic power is under way
India: Oil reserves will last only till 2016, says Govt
India has oil reserves to last only till 2016, if no new discovery is made, the Petroleum Minister, Mr Mani Shankar Aiyar, said today.
Is Saudi telling fairy tales about oil?
The most recent announcement from Saudi Arabia’s oil minister says its production is set to rise, but many in the industry feel the thoughts from Ali al-Naimi are based more on political fiction than energy reality.
Friedman: 21st-Century Fuel
If President Bush is looking for a legacy, I have just the one for him – a national science project that would be our generation’s moon shot: a crash science initiative for alternative energy and conservation to make America energy-independent in 10 years.
Pakistan-Iran-India talks on gas pipeline in January
Amanullah Khan Jadoon, the Pakistani minister for petroleum and natural resources, said on Friday that the Prime Minister is due to visit Iran next month where final talks over the Pakistan-Iran-India gas pipeline project would be held.
The Price of Oil
Ronald R. Cooke, author of Oil, Jihad and Destiny clarifies some of the curiosities of how the stated price of oil is calculated, and the price projections of the international energy agencies.
Britain’s energy time bomb
UK Foreign Secretary Jack Straw warned that Britain’s growing need for energy over the next decades has to be seen in a “changing context” due to declining production from the North Sea.
“By 2020, we will probably be importing three-quarters of our primary energy needs — and we will need to adapt to that,” he warned when launching his government’s first-ever International Energy Strategy.
Australia: Coal puts heat on ports
Queensland’s coal producers are struggling to get the product to the coast and onto the boats because of the state’s inadequate port facilities.
The state should be taking full advantage of a tripling in world coal prices over the past 18 months but basic transport is holding up profits.
ASPO December Newsletter
The Association for the Study of Peak Oil and Gas December Newsletter has an update on the Saudi situation, a country assessment of Canada and much more.
