OPEC and Bush 2’s New Economy rhetoric
OPEC no longer controls oil prices. This is not, as neoconservatives predicted, because a ‘liberated’ Iraq has broken ranks and flooded the market with cheap oil.
Fossil Fuels
Post Carbon Institute to Participate in Bangalore Peak Oil Conference
Post Carbon Institute is assisting Project Agastya and other Bangalore organizations to organize a one-day conference examining the implications of peak oil for India on January 28, 2005.
Bolivian fuel protests escalate
Tens of thousands of Bolivians have rallied in Santa Cruz – the country’s economic capital – to protest against cuts in fuel subsidies. Organisers pledged that the protests, the culmination of days of unrest over fuel prices, would remain peaceful.
Timetable set for gas terminal bid
CALIFORNIA Governor Arnold Schwarzenegger could make a final decision as early as July on BHP-Billiton’s controversial $US4 billion ($5.3 billion) gas terminal proposal.
Disruptions Make Canada’s Oil Sands Pitch Tougher
Canada is striving to sell major consuming countries on the potential of its vast oil sands to help meet energy demand, but a recent string of output disruptions makes the job tougher, analysts said on Friday.
Russia: Indigenous peoples protest against Sakhalin oil, gas projects
Representatives of indigenous peoples blocked more than 100 pieces of heavy machinery in Sakhalin on Friday to protest against local oil and gas projects.
Yukos Defaults on Long-Term Contracts to Supply Oil
OAO Yukos Oil Co., Russia’s biggest oil exporter last year, defaulted on long-term contracts to supply refiners after the government sold its biggest oil-producing unit to collect more than $20 billion in back taxes.
Will Washington tolerate a Chinese-Venezuelan Petro Pact?
President Chavez’s goal of reducing his country’s almost total dependence on the U.S. oil market may precipitate a global shift in which China will benefit by helping to meet its exponentially growing energy demands with Latin American oil.
Oil Running Out
Industrialised countries are heavily dependent on fossil fuels, especially oil and gas. Gas and oil together provide 70% of the energy used in both the US and UK. But the world’s reserves are rapidly diminishing, and they don’t have to actually run out before precipitating a crisis. (An introductory article to Peak Oil)
New Zealand Greens predict oil crisis in 10 years
An oil-free New Zealand is on the Green Party’s agenda. … co-leader Jeanette Fitzsimons warned of an oil crisis within 10 years. “The end of cheap oil is coming towards us with the force of a tsunami and New Zealand is not ready,” she said.
Energy tsunami unleashed
An energy tsunami formed due to a number of multi-billion dollar energy deals in oil and gas involving Iran, India, Russia and China has been unleashed in Asia, with great economic and political implications for the United States in particular and our global society in general.
NZ: Choice of LNG site ‘months away’
New Zealand electricity companies begin planning for the construction of an LNG refinery.
