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.
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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…
China to build four major oil reserve bases
China will formally launch its strategic petroleum reserve program next year, as learned from related departments. An oil reserve base in Zhenhai, Zhejiang Province is now under construction, which will be able to hold more than 5 million cubic meters oil when its first-stage project is completed next year.
US developers see hope in abandoned oil wells
Production from “enhanced oil recovery” peaked at about 750,000 barrels a day in the early 1990s, and has fallen back slightly, with gas “flooding” now viewed as more economical than thermal methods, while chemical treatments have proved to be too expensive.
Saudi Arabia bitter over global taste for sweet and not sour oil
SAUDI ARABIA’s oil minister said his country was ready to pump more oil but it could not find buyers as the Kingdom’s high-sulphur crude was being rejected by Western refineries.
High Oil Prices Jump-Starting Exploration Efforts
With short-term oil prices currently above $50 per barrel and the futures markets predicting long-term prices of around $34 on five-year contracts, signs of a rebound in exploration efforts are suddenly popping up everywhere.
Venezuelan Ambassador: Peak Oil is good for Venezuela
Venezuelan Ambassador to the United Kingdom, Alfredo Toro Hardy writes: Everything seems to indicate that Venezuela is at the end of the tunnel and about to enter into a new period of prosperity.
How to Bring Down Civilisation
Derrick Jensen thinks the collapse of civilisation, be it deliberate or through oil depletion or any other means, can only be a good thing for the planet.
