Fossil Fuels

Fossil Fuel Headlines – 1 July, 2005

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Caltech professor outlines energy/climate problem, proposes solar /
Bush condemns Kyoto, dependence on Middle East oil /
PO doesn’t mesh with our picture of the world /
Review: Deffeyes new book is unclear on future /
Oilcast in Spanish /
Shell escapes charges over reserves reporting /
Lundberg: Active citizenry before petrocollapse? /
PO article from 5 years ago /
Discussion on peak natural gas /
US uproar about China’s Unocal bid (video) /
Some experts unconcerned about Unocal /
The Oil Drum IS concerned – is oil still fungible? /
Foreign buyers not new to US oil patch

Congressman Bartlett discusses peak oil with President Bush

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Roscoe Bartlett, the Maryland congressman who has spoken on peak oil on the floor of the House, had an extensive conversation with the president today on the matter and said he was “very happy with the meeting.” While he declined to release any details, the fact that he was happy with the meeting is a hopeful sign.

Fossil Fuel Headlines – 30 June, 2005

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BP: world oil consumption hits record in 2004 /
Don’t lower taxes on oil /
Critic: Kunstler is a ‘reactionary envrionmentalist’ who isn’t nice /
Declaration of Independence from Mid-East oil /
OPEC, investment and efficiency are keys, says IEA /
Coming to terms with oil supply squeeze /
Cost of diesel worries truckers /
Greenpeace: fusion project ‘senseless stupidity’ /
Are LNG terminals safe? /
Spotlight on gasification

Peak Oil: Two Approaches, One Answer

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There are two distinct ways to think about and present the phenomenon of peak oil. It’s easy to describe what peak oil actually is, it’s the global peak in extraction rate of petroleum. The difficulty of course is determining the date and associated extraction rate of peak oil. This is where I see the two camps.

Here the geologists method of Hubbert and Campbell is compared to the analysis’s method of Chris Skrebowski with uncanny agreement.

China’s bid for Unocal

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China on global hunt to quench its thirst for oil /
China’s bold bid for global energy /
Unocal deal: a lot more than $ at issue /
China oil bid to get close scrutiny /
Secretive US panel could block China’s Unocal bid /
Krugman: the Chinese challenge /
World oil giants fighting here, partnering there /
China’s costly quest for energy control

Natural gas–the next fossil fuel shortage?

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Natural gas appears to be a good replacement for oil. It comes out of the ground easily. It burns cleaner than other fossil fuels, though it does release carbon dioxide, the major greenhouse gas that causes global warming….The positive spin on natural gas as the preferred replacement for oil given by Forbes and the New York Times is contradicted by Julian Darley’s “High Noon” book.

End-Time for U.S.A. Upon Oil Collapse – A scenario for a sustainable future

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The U.S. has been based on an orgy of resource appropriation and waste, as in a party with no tomorrow. …The party known as the U.S. is all but over except in the minds of oblivious revelers already being kicked out of the house (of nature and the world community). However, sober heads will start to prevail as the dawn breaks.

China throws down gauntlet to USA Inc

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If you want to understand the global economy and feel the pulse of capitalism in the early 21st century, look no further than the $19 billion bid by the China National Oil Operating Company – Cnooc – for Unocal of California. Add a large measure of geopolitical tension, and you have probably the single most important corporate event of the young millennium.