Imperial Reach
Michael Klare discusses the recent and proposed changes to locations of US overseas bases in relation to changed geopolitical circumstances and the need to protect its sources of oil.
Fossil Fuels
Saudis promise to open oil spigots
Saudi Arabia is promising petroleum buyers all the crude they want to build inventories ahead of an expected sharp increase in demand, according to a media report Thursday. The world’s largest oil exporter is offering to pump to capacity, The Wall Street Journal reported in its online edition, citing an unnamed senior OPEC official.
Shell deal fires up Gorgon gas hopes
The $11 billion Gorgon gas project, off the West Australia coast, moved a step closer yesterday with project partner Shell saying it had finalised the sale of 2.5 million tonnes of Gorgon LNG (liquefied natural gas) a year to the US west coast.
Heading For Peak: Skrebowski’s Oilfield Megaprojects Update
For Global Public Media, Chris Skrebowski, author of the important Oilfields Megaprojects Report for the UK Petroleum Review, explains to Julian Darley why 2005 will be a critical year for global oil.
The Value of the Remaining Wilderness
ANWR is only the most noticeable tip of the iceberg here, as the White House and Congress are working together to open our entire remaining wilderness to resource production. We are witnessing the start of a mad scramble for crumbs as Peak Oil announces the end of abundance.
Australia: Gorgon Gas Project – Ugly by name
The Gorgon project involves far more than just the development of an isolated, deepwater, sour gas reservoir on an ‘A’ class nature reserve. There’s a secret agenda, says Martin Hastings, the subterranean storage/disposal of approximately 5 million tonnes a year of CO2 into an underground aquifer.
Carbon sequestration – the hottest topic on the planet
Many govenments around the world are pushing carbon sequestration as the panacea to global warming. Deeper analysis shows that economic realty will push most economies towards a nuclear solution – the only problem of which is – what to do with the waste.
BHP, Australian Explorers Shift to Gas as Oil Finds Dwindle
BHP Billiton and BP Plc are among petroleum companies that may commit this year to spend more than A$5 billion ($3.9 billion) in Australia, mostly to produce natural gas as oilfield discoveries decline.
Australia: We’re running out of oil, says Treasurer
Treasurer Peter Costello has delivered a blunt warning that Australia is running out of oil as existing fields near the end of their productive lives.
Peak Oil ‘To Do’ List: Why We Should Do These Things Anyway
But even if [Cornucopian economists] are right about the miraculous and timely appearance of oil substitutes, are they right that the things we would do as a global society to prepare for world peak oil production are a “waste of resources?”
ChevronTexaco’s CEO banking on peak oil situation
So if the head of San Ramon’s ChevronTexaco is prepared to gamble more than 16 billion bucks on oil prices staying at stratospheric levels, I’m ready to give him the benefit of the doubt.
And reading between the lines, that means only one thing.
Peak oil.
We’re basically there.
BP says oil fields declining
Oil company BP’s existing oil and gas fields are posting production declines of about 3 per cent, Tony Hayward, the company’s chief executive for exploration and production, said on Wednesday.
