New Pipeline to Pump Caspian Oil to Europe
Six European countries, including Austria, Italy and Romania, approved a plan for a pipeline to ship oil from the Caspian Sea region to western Europe, officials said Friday.
Fossil Fuels
Crude Lessons About Oil
All crude oil is not created equal. No one knows that better than the world’s refiners. The markets generally track a type of oil referred to as “light, sweet” crude. But while this fast-flowing, low-sulfur variety is in tight supply and goes for roughly $50 a barrel, there’s a veritable ocean of thicker, lower-quality crude being pumped out by Saudi Arabia, Mexico, and others that currently sells for as little as $35 a barrel.
Texas regulator says LNG imports critical
Liquefied natural gas imports will play “a pivotal role” in supplying the United States with energy in the coming years, the head of the Texas Railroad Commission says.
China’s crude oil output to peak at 200 million tonnes in 2015
China’s crude oil output will peak at 200 million tonnes annually in a decade, but even that will be far from enough to cover the country’s voracious energy needs, state media said.
Energy Forum Planned in Riyadh
Saudi Arabia and Russia will jointly sponsor an international energy forum in February next year to map out an effective strategy for regulating the oil market and strengthening security measures at oil installations and during transportation as part of a comprehensive energy security program.
Peak hour
The Wall Street Journal recently published a major piece on peak oil and in the past year Campbell has spoken before a joint committee meeting of the British House of Commons, addressed a group of J P Morgan Chase & Co investors and been visited by officials from Swedish auto manufacturer Volvo.
Iran News Briefs
Some selected recent stories relating to Iran.
Oil supply to peak sooner than we think, says BP scientist
WORLD oil production is likely to peak in the next decade, much earlier than many international forecasts, a senior BP executive has told The Business.
Asia’s Great Oil Hunt
As China’s economy expands, so does its thirst for oil, gas, coal, and electricity. Today, China accounts for 12.1% of the world’s energy consumption.
China rocks the geopolitical boat
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.
Electronic Voting: The Stolen Election of 2004
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.)
What happens in Nigeria when the oil wells run dry?
Could you imagine what would have been (or would be) of Nigeria without its crude oil revenue? Chad or Niger would seem like paradise.
