Up the creek with less oil, record debt
Here’s another reason we’re going to be sorry that we’ve allowed this administration to plunge the United States into record debt – we’re going to start running out of oil in the next decade or two.
Fossil Fuels
Oil prices in unstable territory
WORLD oil prices continued to plummet yesterday ending fears of a global energy supply crunch.
But the sudden fall, with oil trading down to $US43.20, was not reflected on Asian markets on which Australia’s retail fuel prices are based.
Light crude sold on the Singapore exchange still traded above $US50 a barrel late yesterda
Australia: Coal puts heat on ports
Queensland’s coal producers are struggling to get the product to the coast and onto the boats because of the state’s inadequate port facilities.
The state should be taking full advantage of a tripling in world coal prices over the past 18 months but basic transport is holding up profits.
ASPO December Newsletter
The Association for the Study of Peak Oil and Gas December Newsletter has an update on the Saudi situation, a country assessment of Canada and much more.
Ukraine: It’s now or never for Washington
America’s real aim in Ukraine and other former Soviet republics is to seize control of vital resources before China and India can challenge US dominance.
Cold War crisis in Ukraine: Control of oil, key Grand Chessboard ‘pivot’ at stake
The bitterly disputed Ukrainian presidential election, and the crisis that is exploding in the wake of the contested outcome, has reignited the Cold War and a new round of East-West conflict over control of Eurasian/Caspian/Black Sea energy.
Energy still challenge for Bush
Among the challenges facing President Bush in his second term is a big one left over from his first: energy. Oil is causing the most anxiety. Some say world oil production has peaked.
OPEC signals crude to be kept pumping at current levels
The Organisation of Petroleum Exporting Countries signalled that the cartel would keep pumping crude at currently high levels even though crude prices have cooled recently.
Emerging source of oil, not from wells, but sand
An Ohio refinery is widening its use of synthetic crude oil – made from tar stripped from Canadian sand. The problem is, according to Jim Meyer, tar cannot be extracted and turned into oil fast enough to make up for the expected fall in conventional oil production.
Latest News about PowerSwitch.org.uk
PowerSwitch.org.uk, a great British Peak Oil site, has announced a short story competition judged by noted author Stephen Baxter – plus more news in this latest bulletin.
Rise of the DIY movement / Collapse of the petroleum delusion
To see ahead, we have to understand what we are in the midst of. I pronounce this pre-collapse phase as the beginning of the grand nightmare. Mind you, there will be a dawn, but an unrecognizable one to myopic dwellers of consumer civilization.
CGES: Recent crude price reductions don’t signal a market collapse in 2005
Although crude prices have fallen considerably from record highs in mid-October, the retreat doesn’t necessarily signal the start of an extended price slide into 2005, said analysts at the Centre for Global Energy Studies in London.
