OPEC has now reached maximum production capacity – Venezuela
The Organization of Petroleum Exporting Countries (OPEC) has reached its maximum production capacity, Venezuelan Energy Minister Rafael Ramirez said
AFX staffer
Oil price soars above 45 dollars for first time
New York’s main oil contract shot above 45 dollars for the first time, whipped higher by an uprising in Iraq, a crisis at Russian oil titan Yukos and a tropical storm nearing oil platforms.
Western Australia moving to reduce oil dependence
Amid predictions of long-term price hikes, the Gallop Government is already moving to reduce Western Australia’s dependence on oil, according to Planning and Infrastructure Minister Alannah MacTiernan.
Venezuala Floridated: Will The Gang That Fixed Florida Fix the Vote in Caracas this Sunday?
Hugo Chavez drives George Bush crazy. Maybe it’s jealousy: Unlike Mr. Bush, Chavez, in Venezuela, won his Presidency by a majority of the vote.
Natural gas production falls in US despite high prices
US gas production during the second quarter showed a 3.8% decline compared with second quarter of last year.
US: Blackouts Are Inevitable, Coping, Not Prevention, Should Be the Primary Goal
In a large, complicated arrangement such as our system for generating, transmitting and distributing electricity, blackouts simply cannot be prevented.
GPM Exclusive Interview: Chris Skrebowski and more
New Peak Oil related interviews on Global Public Media:
1) GPM Exclusive Audio Interview: Chris Skrebowski
2) Richard Heinberg on Financial Sense Newshour
3) Julian Darley with Paul Ehrlich on KPFA
Climate: Goodbye, kind world
People choose to believe the climate change deniers because the truth is harder to accept.
UK: Wave energy test centre launched
A new centre to harness Scotland’s wave and tidal energy has been officially opened in Orkney by the Deputy First Minister Jim Wallace.
Experts dispute oil reserves countdown
Soaring oil prices have stirred a long-standing debate among experts about how much crude remains in the ground and how to manage the countdown to when the reserves run dry.
As crude prices soar, ‘Peak Oil’ looms
Richard Heinberg is more interested in how Americans respond to peak oil than the actual date. The implications are far more sweeping than simply paying another dollar a gallon at the pump.
Oil chief predicts $3 a litre petrol
Dr Baktiari is a chief adviser to the National Iranian Oil Company. He says world production of oil will peak by 2007 at 82 million barrels a day.
