Oil supplies feel the trickle-down effect
Saudi Arabia’s output declined in July giving rise to new concerns that the country is struggling to increase output for technical reasons.
Oil demand fuels pump fears
A common theory is the rising demand for oil and falling supply will spark further political instability and cause a global recession.
The China Card
China’s needs for oil – and soon, water – are propelling the world’s most populous country on a collision course with the United States and its neighbors, while threatening civil unrest at home.
Saudi Oil Production Dropped by 400,000 Barrels Last Month
The recent drop in Saudi production may be a sign of impending global peak oil, Matt Savinar writes. The US goverment could respond by enforcing executive orders.
Australia – Plan to protect oil supply
THE federal Government is reviewing its powers to protect people from a major disruption to oil imports, as crude prices soar towards $US50 a barrel.
US: Gas prices could hit $2 mark in coming weeks
Amid soaring crude oil prices, gasoline costs have been dropping. But don’t expect that to last, economists say
Crude Oil Prices Rising / Gasoline Prices Dropping — What Does It Mean?
Public awareness of the seriousness of oil peak’s ramifications could cause international panic, including huge drops in the international and national financial markets.
Oil Near $49 as Iraq Violence Escalates
Global oil prices raced to fresh highs on Friday carrying U.S. crude close to $49 a barrel, driven by escalating violence in Iraq and unabated demand growth from China and India.
Bolivian peasants end oil siege
Peasant farmers in Bolivia have ended an occupation of foreign-owned oil fields after the government promised to speed-up land redistribution.
Thailand: Oil crisis response – Govt tells big stores to close by 10pm
Starting next week, shoppers and motorists will have to brace themselves for early closing times at department stores and petrol stations, as the government implements its latest set of energy-saving measures.
Cantarell, The Second Largest Oil Field in the World Is Dying
The second largest producing field in the world is the Cantarell complex in Mexico, with 2.1 MMb/d of output in 2003 up from 1.9 MMb/d in 2002. Cantarell is expected to decline rapidly over the next few years, falling as far as 1 MM b/d by 2008.
Dust ‘is hidden climate problem’
The huge amounts of dust blowing across the Earth may have serious consequences for the environment, a scientist says.
