Plastic makers squeezed
The petrochemical industry’s costs are skyrocketing as raw materials grow dearer. `We’re keeping our fingers crossed,’ one executive tells reporter John Spears.
New York crude bolts to record 55 dollars a barrel
New York’s main crude oil price bolted to a record 55 dollars a barrel as traders fretted about stretched supplies, hot demand and thin stocks of winter heating fuel.
Platts: Global Oil Peak Soon
The Managing Editor of Platts claims that global oil production will peak soon, and economic output will peak soon. (Link to PowerPoint presentation.)
Real oil price should be $100: Iranian MP
“I think the real price for oil to be $100,” said MP Kamal Daneshyar. “Therefore, importers are now buying oil much cheaper than the price they’ll soon face”.
Oil to hit US$100 a barrel, says psychic
OIL prices will skyrocket to US$100 per barrel, but the rich in Trinidad and Tobago will continue to get richer and the poor poorer. Yesenia Gonzalez, the 44-year-old Venezuelan psychic, is so confident this prediction would materialise in 2005, that she said she was prepared to put her reputation as a “top international psychic” on the line. [ At least she’s been reading her ASPO newsletters. ]
China to invest $12 billion in Russia
China is planning to invest $12 billion in Russia by 2020, the official China Daily newspaper said Saturday.
Global Scale Politics
While peak oil enjoyed a break out in 04, and even though most Americans know in their heart of hearts that Iraq was about oil, Americans, this election, have yet to really make the connection.
Compromise, Hell!
Economic WMDs are being used against our people in a version of “freedom” that makes greed the dominant economic virtue.
PUTIN’S VISIT TO CHINA: Question marks remain over oil supply
Two days of talks are capped by signing of border pact and other deals but there is no announcement about oil pipeline.
Global-Scale Problems
Increasingly, sharing natural resources will require close international cooperation, peace, and security. This is not the 21st century path we are choosing.
Oil will peak’ this decade
According to Dr. Jason Bradford, Ph.D., oil prices at over $50 a barrel reflect the “peak” in oil extraction predicted to occur in this decade. In short, he says, demand will soon exceed supply.
Book Review: Crossing The Rubicon
Ruppert masterfully presents the genesis of September 11th and moves the reader through the early years regarding high expectations for massive oil sources, exposing what’s known as “peak oil” production and into the future.
