Horrific on the harbor
A new study states that a terrorist attack on an LNG tanker would cause horrific fires, causing major injuries and significant damage to buildings a third of a mile away and second-degree burns on people more than a mile away.
Fossil Fuels
Venezuela’s Chavez arrives in China with eye on oil deals
Venezuelan President Hugo Chavez arrived in Beijing for an official visit that aims to bolster his country’s oil deals with the Asian giant, state media and officials said.
Gabon: Calls for Fair Division of a Diminishing Pie
An oil rich nation, where a minority is accused of benefiting disproportionately from mineral wealth…Clashes between police and the inhabitants of oil-producing areas that result in deaths…A scene from Nigeria? No – Ndolou, in south-western Gabon.
Putin hints at China alliance for Yukos oil
Gazprom, Russia’s state-controlled gas monopoly, could team up with the China National Petroleum Corporation to develop the Yukos oil company’s main production asset, sold to a mystery bidder on Sunday.
Big Oil Wields Ultra Deep Influence
Industry demands tax breaks, regulatory changes to hunt for oil at the bottom of the sea….America’s onshore sources are nearly tapped out… Luckily, the United States holds claim to one of the world’s richest oil deposits: the Gulf of Mexico.
World scarcity of oil and gas creates chance to accelerate response to climate change
The recent peak in oil prices was due to the depletion of the world’s reserves rather than temporary supply problems in a number of countries, Feasta, an Irish-based research organisation claimed at the COP-10 climate conference in Buenos Aires.
Qatar in 12-billion-dollar deal with ExxonMobil to supply gas to Britain
Qatar has reached a 12-billion-dollar deal with ExxonMobil, the world’s biggest oil company, to supply liquefied natural gas to Britain by 2007, Energy Minister Abdullah bin Hamad al-Attiyah said.
ESAI: IEA’s Russian oil production forecast ‘optimistic’
“After reaching an absolute post-Soviet peak of 9.49 million b/d in September, Russia’s average daily production has been falling for 2 consecutive months, and November’s drop was the largest single-month decline since January 1999,” said Yulia Woodruff, ESAI’s Russian analyst.
Bin Laden tape urges oil attack
An audio tape said to have been recorded by al-Qaeda leader Osama Bin Laden has called on his supporters to attack Gulf oil supplies.
Matt Simmons interviewed after ASPO 2004 (video)
Matthew Simmons, energy banker and former advisor to President Bush, speaks candidly with Julian Darley about ASPO 2004, the media, and more.
US Dept of Energy office supports Peak Oil theory
An office of the US Department of Energy addresses – and supports – Peak Oil research in this unusually frank document, Strategic Significance of America’s Oil Shale Resource. An essential reference.
Worldwatch Institute: Oil Price Surge threatens Economic Stability and National Security
Washington, DC—One of the central issues facing policy makers in
Washington and around the globe in 2005 is the prospect of further
instability in world oil markets. This new reality carries both
economic and security risks. Another oil shock could tip the world
economy into a premature recession, while the massive flow of oil
revenues into the Persian Gulf and Russia threatens to derail
economic reforms and foment political unrest.
