Oil hits $US53 for first time
New York’s main crude oil contract has shot to $US53 a barrel for the first time in opening trade as fears rose for heating oil supplies in the United States winter.
Oil price rise hits cattle operator
One of Australia’s largest cattle operators says the dramatic rise in oil prices this year has cost it about $1 million.
Michael Klare on oil wars and the American military
Despite official administration dreams of drastically raising Iraq’s oil output and then using it to float our occupation, we’ve essentially “lost” Iraqi oil — as has the rest of the planet.
Lebanese energy crisis didn’t just happen overnight
The energy crisis that has battered Lebanon should have been foreseen months ago, when crude prices on international markets began skyrocketing.
Lebanon: Electricity crisis gets short-term fix but problem not resolved
Many Lebanese citizens went to slept in darkness on Wednesday and woke up to no power Thursday despite Energy and Water Minister Ayoub Humayed saying that the severe power rationing system will be reduced after oil tankers provided power plants here with fuel on Wednesday.
Ireland – Wood Energy tipped for carbon & price benefits
“Wood energy can provide certainty of supply and certainty in price. This is an important message for commercial and industrial customers who are currently exposed to the fluctuations in the world energy markets.
North Sea production wilts
North Sea oil production has sunk more than 260,000 barrels per day from last year, aggravating a shortage of high-quality crude that has stoked record prices.
The “Abiotic Oil” Controversy
The abiotic theory holds that oil is from inorganic origin, and that there must be nearly limitless pools of liquid primordial hydrocarbons at great depths on Earth. If the abiotic theory does eventually prove to be partially or wholly scientifically valid (a big “if”), it might have little or no practical consequence in terms of the imminent global oil production peak.
IMF: High Oil Price a Threat for Years
Tight oil supplies could leave the global economy worryingly vulnerable for years to come, a senior International Monetary Fund official said on Thursday.
Shell make “major” oil find in Brunei
When Shell describes a new oil discovery equal to about one day’s global demand as “major” it’s another sure sign that oil exploration is well past its heyday.
The Consequences of Oil Dependency
Oil and gas account for the lion’s share of US energy consumption and are critical to transportation, home heating, and electricity generation. Soon we will have less of these fuels to go around, despite an expanding population and the constant demand for more energy to fuel economic growth.
Hydrogen economy looks out of reach
Converting every vehicle in the United States to hydrogen power would demand so much electricity that the country would need enough wind turbines to cover half of California or 1,000 extra nuclear power stations.
