US in race to unlock new energy source
Green groups warn against moving methane hydrates from beneath seabed
Fossil Fuels
Video: Rep. Bartlett’s Peak Oil Presentation to the US Congress
[UPDATE APR 9 – new date for next speech] On the 14th March Republican Congressman Roscoe Bartlett made a presentation on Peak Oil to the US Congress. Online video of the presentation and a text version with graphics are now available. Rep. Bartlett will be giving a second presentation on solutions in about a week.
The Great Phase Transition: The Post-oil Era
Jorge Figueiredo argues that Peak Oil will exacerbate a crisis in capitalism, and the as yet unwritten result could either be fascistic or ‘revolutionary’.
Canada: City gas pump price passes $1
The price of regular gasoline has passed the $1 mark in a large Canadian city, apparently for the first time.
IEA warns against possible acute oil shortage
The International Energy Agency (IEA) has come to the conclusion that the world economy is facing a serious threat of acute oil shortage.
Running on empty
When the Labor backbencher Andrew McNamara rose from his seat in the Queensland Parliament in February to state a few home truths about falling world oil supplies, he expected, at most, a few catcalls from the Opposition benches. Instead, the speech by the provincial solicitor from Hervey Bay “bounced around the world”.
Get your foot off the gas – it’s black gold
What will cost $3 a litre, require car-pooling, the permanent military occupation of Iraq and oil drilling on the Great Barrier Reef? Petrol, according to experts who have been contemplating its future in an oil-poor Australia.
Why Our Food is So Dependent on Oil
Excellent review of the current cheap-oil-energy and material intensity of UK food production and makes a good case for relocalisation as integral to improving the situation.
Turning up the gas – Imports will keep UK’s power plants running
National Grid Transco (NGT) yesterday took steps to strengthen Britain’s fragile energy supply situation by unveiling plans to spend £355m in tripling the capacity of the country’s first new liquefied natural gas (LNG) terminal.
Has Ghawar truly peaked?
A monthly publication put out by the Bank of Montreal argues that “Hubbert’s Peak must have arrived for Ghawar, the world’s biggest oilfield, and Wall Street’s most-cited reason for assuring us month after month that oil prices would plunge…”
Goldman Sachs: Oil Could Spike to $105
Oil markets have entered a “super-spike” period that could see 1970’s-style price surges as high as $105 a barrel, investment bank Goldman Sachs said in a research report.
Russia raises oil export tax
LOS ANGELES — The Russian government plans to increase its oil export duty to a record $102.60/tonne starting Apr. 1. The duty has been $83/tonne since Feb. 1.
During December 2004 and January, the duty was $101/tonne, the previous highest level. Russia’s oil export duty is reconsidered every 2 months.
