Western refineries spurning sulphurous Saudi oil
Saudi Arabia is struggling to sell its crude oil despite record fuel prices and calls on the Kingdom to bring further supplies to the market.
Saudi Arabia is struggling to sell its crude oil despite record fuel prices and calls on the Kingdom to bring further supplies to the market.
A major union is pushing for new travel allowances to cushion the impact of rising petrol prices on its members.
A worthy reply to the Freakonomics criticisms of peak oil.
China deploys warships to East China Sea gas field / Global trade vulnerable to high oil / Big Gav’s weekend roundup of energy news / Politicians Let Big Oil Pillage Public / Heating oil prices could become ‘life or death’ this winter / UK: Brown blames OPEC for fuel price rises / Canada: Home-heating relief weighed to help needy / Inflated natural gas prices poised to burn school budgets
“Please God, Just Give Me One More Oil Boom. I Promise Not to Blow It Next Time.” This was a bumper sticker prayer pasted on the rear end of many a vehicle in America’s oil patch back in the 1980s.
(A history of recent oil booms and busts)
India’s Left threatens protest on oil price hike / India and Indonesia react to oil price rises / Eurozone ‘at risk from oil shock’ / US warns China on Iran oil / Is Castro Still Relevant? / Organisers of the UK’s fuel blockade in 2000 warn will act again if tax not cut / The story of a hurricane / Amnesty Accuses Oil Firms of Overriding Human Rights / India’s appetite for energy / US Senate wobbles on gas prices (2) / US economy takes hit / $3.41 / Australia’s retail petrol discount war intensifies
UK Gas resources are in a precarious state, with output falling faster than either the Department of Trade or the UK Offshore Operators Association had anticipated, according to a leading Scottish energy economist.
Kjell Aleklett, President of ASPO, scrutinises an article by Dr Luttwak, an internationally recognized authority, consultant to the Office of the Secretary of Defense, the National Security Council, and the U.S. Department of State and member of the National Security Study Group of the U.S. Matt Simmons has also made some comments.
The scenes were heart-wrenching and mind-boggling: an entire modern American metropolis had effectively ceased to exist as an organized society…when it came to reporting on the damage to oil production and refining facilities, most media outlets took at face value the glib and non-specific assurances of the petroleum industry… And all of this is occurring at a time when the global supply of oil is barely able to meet demand…
Weathering the oil storm / GPM interviews Ronald Cooke on US energy policy / ‘You mean we don’t have to pay CERA-Yergin $2500 for 33 pages?’ / The First Disruption / From a future history / Endless Saudi oil: miracle or mirage? / Kunstler – Connect the Dots / ‘Katrina’s aftermath only hints at what will happen when demand for crude outstrips supply’ / NZ When Petrol Hits $2 a Litre / Bainerman on Abiotic oil
Its looking increasingly like politics will decide who gets to build LNG regasification facilities for California – shame about the engineering issues, writes Martin Hastings.
The International Energy Agency has warned of a global energy crisis sparked by the damage Hurricane Katrina has inflicted on strategically important oil refineries.