Oil price breaks through $54
Oil prices have surged to record highs above $54 as a fire at Nigerian export pipeline becomes the latest threat to consumers’ efforts to build winter heating fuel inventories.
Brazil, the Brightspot Dims
Brazil has been one of the countries where oil production has been constantly rising for the past 30 years. They are one of the countries taking up the slack for declines elsewhere. This field by field analysis of the biggest Brazilian deepwater fields, which is where most of the increase is coming from, shows that there is a limit to this growth in the not too distant future.
Union Threatens to Extend Nigeria Strike
A union leader threatened Tuesday to extend a four-day nationwide strike in Nigeria that has helped push world oil prices to record highs.
Limited Availability for ‘Cheap’ LNG to the U.S.
There has been suggestion the U.S. import ‘cheap’ (i.e., nearby supplies priced at variable cost) LNG into the U.S. as a way to apply downward pressure on domestic natural gas prices. However, The U.S. will not be able to attract substantial volumes of spot LNG because there is little supply not committed to firm European and Asian contracts through 2005.
Interview with Dennis Meadows, Co-Author Limits to Growth 30 Year Update (audio)
Limits to Growth: The 30-Year Update brings data on overshoot and global ecological collapse to the present moment. It provides a short course in the World3 computer model, types of growth, and the various kinds of overshoot likely to occur in the current century.
Shell kicks off multi-billion dollar asset sales
Royal Dutch/Shell has kicked off auctions for two units worth several billion dollars, to move forward with its plans to sell non-core assets to help fund more upstream oil exploration.
Saudi September Production Lower Than Estimated
Saudi Arabia produced 9.5 million barrels per day in September, about 250,000 b/d below earlier estimations, Geneva-based tanker-tracker Petrologistics said in its latest report.
The Hundredth Monkey
Oddly enough, I’ve been cheering on a “Marxist Dictator” of late. Not that I’m a no good pinko commie red mind you… no, but I am rooting for Hugo Chavez as he’s poking the Plutocratic forces at play outside Venezuela.
The Hundredth Monkey
Oddly enough, I’ve been cheering on a “Marxist Dictator” of late. Not that I’m a no good pinko commie red mind you… no, but I am rooting for Hugo Chavez as he’s poking the Plutocratic forces at play outside Venezuela.
Of Economics, Resources & Energy
An off-planet view of economic theory and its applicability when dealing with limited primary resources.
Talisman Energy prepares to sharpen its drill bits
Those who believe that abundant deposits are waiting to be discovered are misguided, said Mr. Buckee, who holds a Ph.D. in astrophysics from Oxford University. “There is precious little in the world now that isn’t known about or hasn’t been tried,” he said. “I don’t think there is going to be any new Middle Easts or Saudis hanging around. There aren’t many unexplored basins.”
The Coming of Deindustrial Society: A Practical Response
The key to making sense of constructive action in a situation of impending industrial collapse is to look at the community, rather than the individual or society as a whole, as the basic unit…There are, however, three things a community needs to do…
