Insight and inspiration in turbulent times.
Proposal by oil analyst Matthew Simmons to improve the transparency of oil field production and reserves: “Estimating future supplies and Peak Oil will be achievable based on factual data.” (Slide presentation)
Billed as the “deal of century” by various commentators, a mega-gas deal between Beijing and Tehran is likely to increase by another $50 billion to $100 billion, bringing the total close to $200 billion, when a similar oil agreement, currently being negotiated, is inked not too far from now.
Using a variety of criminal methods that they have perfected over the past four years, the George W. Bush-Dick Cheney-Karl Rove syndicate stole another election, and extended their illegal occupation of the White House. (Mentions peak oil.)
Could you imagine what would have been (or would be) of Nigeria without its crude oil revenue? Chad or Niger would seem like paradise.
What few people in America understand, despite the astute observations of millions of individuals around the world, is that we are living in an empire, and we are no longer living in a democracy. As citizens living in the belly of the beast, we must not only think about how to defeat the empire, but also how to merely survive living within it. In order to do so, one must understand the concept of Peak Oil.
Crude oil futures fell after a US Energy Department report showed rising imports boosted inventories by three times the amount analysts forecast. But “it would be very dangerous not to keep filling the reserve,” said Kjell Aleklett, president of Uppsala, Sweden-based Association for the Study of Peak Oil & Gas, an energy researcher.
“All this comes at a time when we are entering the age of peak oil and the onset of global warming, a moment in history that would require a firm, fair and judicious hand to bring us through a difficult transition. Instead we will have the most extreme, ruthless and irresponsible leadership to drive us into uncharted territory.”
In a few decades, many OPEC nations in the Middle East will have such large populations that they could end up consuming much or all of the energy they now export, suggests Matthew Simmons, an oil consultant in Houston.
In this issue, I will examine several of the reasons why the price of oil will not significantly pull back from today’s levels and is likely to reach the $80 mark within the next 24 months.
The cost of a litre of milk could be about to get dearer, as dairy processors are hit by high world oil prices
Libya is “the central exploration and production buzz for 2005” among international oil companies looking for access to potentially giant oil and gas fields, said energy analyst Catherine Hunter in a report drafted for the World Markets Research Centre, part of the London-based Global Insight group of companies.
Canadian Natural Resources says high prices for steel, fuel and labour could boost the cost of the first phase of its Horizon oil sands project in northern Alberta by nearly 35 per cent — to $6.6-billion.
