The Hundredth Monkey
Oddly enough, I’ve been cheering on a “Marxist Dictator” of late. Not that I’m a no good pinko commie red mind you… no, but I am rooting for Hugo Chavez as he’s poking the Plutocratic forces at play outside Venezuela.
Fossil Fuels
Talisman Energy prepares to sharpen its drill bits
Those who believe that abundant deposits are waiting to be discovered are misguided, said Mr. Buckee, who holds a Ph.D. in astrophysics from Oxford University. “There is precious little in the world now that isn’t known about or hasn’t been tried,” he said. “I don’t think there is going to be any new Middle Easts or Saudis hanging around. There aren’t many unexplored basins.”
The Hundredth Monkey
Oddly enough, I’ve been cheering on a “Marxist Dictator” of late. Not that I’m a no good pinko commie red mind you… no, but I am rooting for Hugo Chavez as he’s poking the Plutocratic forces at play outside Venezuela.
Limited Availability for ‘Cheap’ LNG to the U.S.
There has been suggestion the U.S. import ‘cheap’ (i.e., nearby supplies priced at variable cost) LNG into the U.S. as a way to apply downward pressure on domestic natural gas prices. However, The U.S. will not be able to attract substantial volumes of spot LNG because there is little supply not committed to firm European and Asian contracts through 2005.
Britain’s oil bounty is running dry
The fact is UK oil and gas, which has given a big boost to the economy for the past two and a half decades, is running out fast. At current rates of extraction, the last drop of oil could be sucked out of the North Sea fields in about 10 years’ time.
Of Economics, Resources & Energy
An off-planet view of economic theory and its applicability when dealing with limited primary resources.
Analyst warns of Saudi oil dropoff
Saudi Arabia, the world’s safety valve for oil, may soon lose its ability to make up production shortfalls from other countries.
Growing militarization of our oil dependence
While there is no doubt that global oil output will attain peak levels, the current rise in prices reflects a more worrisome phenomenon: America’s growing dependence on imported petroleum from unstable and unfriendly countries.
Oil price breaks through $54
Oil prices have surged to record highs above $54 as a fire at Nigerian export pipeline becomes the latest threat to consumers’ efforts to build winter heating fuel inventories.
Saudi September Production Lower Than Estimated
Saudi Arabia produced 9.5 million barrels per day in September, about 250,000 b/d below earlier estimations, Geneva-based tanker-tracker Petrologistics said in its latest report.
Chart watchers eye $70 peak for oil
Signals are growing that oil’s price surge could push all the way to $70 a barrel, according to the technical analysts who forecast market trends by interpreting chart patterns.
Venezuelan Ambassador: Peak Oil is good for Venezuela
Venezuelan Ambassador to the United Kingdom, Alfredo Toro Hardy writes: Everything seems to indicate that Venezuela is at the end of the tunnel and about to enter into a new period of prosperity.
