Politics and Economics Headlines – 22 August, 2005

Save us, Indian oil firms tell PM / Dems urge Bush to open oil reserves / Ecuador oil protesters freed; talks expected / US woo’s Libya / Oil industry image suffers as energy prices rise / Expert: Venezuela’s threats could be the greatest danger to oil prices / Geostrategic game revives with new players / Petrol price pushes 4WDs off the road / High fuel prices, more drivers doing a runner / Gold & Oil

Sustainability and Environment Headlines – 22 August, 2005

Green Cities and the End of the Age of Oil / Latest from Willits – Peak Oil preparedness / Global warming brings earlier spring thaw to Great Lakes / Will Climate Change Make Us Smarter? / Peat Bogs And Peak Oil –
I’m Sorry For Doubting,
Mr. President / US senators: Global warming obvious in far north

The Breaking Point

Unlike the 1973 crisis, when the embargo by the Arab members of the Organization of Petroleum Exporting Countries created an artificial shortfall, today’s shortage, or near-shortage, is real. If demand surges even more, or if a producer goes offline because of unrest or terrorism, there may suddenly not be enough oil to go around. [NY Times comes through with coverage of Peak Oil.]

Energy headlines – 20 Aug

Cartoon: end-of-the-world scenario /
Free Peak Oil presentation from PowerSwitch /
Indonesian outage leaves 100m without electricity /
Wall Street giants see oil rising /
Cebu (Philippines) plans ban on private cars /
Oil drives the genocide in Darfur /
US politicians have little to ease anguish of gas prices

Environment, sustainability headlines – 20 Aug

Officials at Greenland conference say it’s time to act on global warming /
McCain, Clinton in Alaska: global warming, will you listen now? /
Photos capture human footprint on Africa /
Sailboats take to the wind as gas prices soar /
Lifestyle gardening? No thanks, give me permaculture! /
Attack of the $3 tomato (local food brings Dems, Reps together)

OPEC Reveal Global Light Sweet Crude Peaked

The key point is that non-OPEC light sweet crude went from 41% of 66 mb/d to 34% of 70 mb/d from 2000 to 2004, a drop of 3.26 mb/d. OPEC added 1 mb/d of light sweet crude over the same period resulting in a global reduction of light sweet crude of over 2mb/d showing that global light sweet crude has peaked and is now in decline.