World’s Proven Reserves Jump 100 Gb in 2003?
British Petroleums latest statistical review of energy reserves and consumption shows a glaring discrepancy compared to last year – the magical appearance of an additional 100 billion barrels of oil!
Richard Duncan
No pleasant surprises in the new oil order
The Saudi officials’ announcement that they were satisfied with the current level of world oil prices may constitute an implicit fait accompli, an acceptance of their inability to increase production substantially beyond current levels, bringing the days of peak oil production ominously closer.
Drip-dripping away
Review of Paul Robert’s book The End of Oil.
Philippines asks China to ‘desist’ from provocative acts in Spratlys
The Philippines called on China on Saturday to “desist” from provocative actions in the disputed Spratly islands region after reports a Chinese company was exploring for oil and gas near the area.
Australian oil production declining fast
Latest US EIA data confirms Australian oil production dropping through the floor. Pity Prime Minister John Howard is too busy shovelling subsidies out to industry to consider responsible government.
Powell on Iran Nuclear Program
The Iranians “have been put on notice,” says Secretary of State Powell, “that the international community is expecting them to answer its questions and to respond fully.”
Court Deals Blow to Effort to Bury Nuclear Waste in Nevada
The government’s 17-year effort to bury nuclear waste at Yucca Mountain in Nevada suffered a significant setback today when a federal appeals court said that the rules on radiation leaks could not be limited to the site’s first 10,000 years, as the Environmental Protection Agency had decided
Darkness descends over the Forbidden City
Streetlights along the main boulevard outside the Forbidden City have been dimmed to half their normal brightness. It’s the latest evidence of China’s worsening electricity shortage, a stark symbol of its overheated economy.
Wind Power for Old Oil Rigs
A unique arrangement off the coast of Louisiana could soon allow wind turbines to be placed on derelict off-shore oil rigs.
UK close to losing status as oil exporter
Britain came within an ace of becoming a net oil importer for the first time in 13 years in May, helping the country’s trade deficit widen unexpectedly to £3.4 billion.
China: Power shortage: 6,400 factories to go off-line
Due to summer’s unquenchable power thirst, about 6,400 industrial enterprises in and around Beijing will be shut down for a week.
Brinkmanship In The South Pacific
I would venture to speculate that the coming together of the strongest armada in history has more to do with oil and natural gas and nothing to do with Taiwan.
