Caribbean, Venezuela Agree on Energy Plan
Energy officials from the Caribbean and Venezuela agreed Friday to create a new company that will provide cheaper oil in the region as a way to counter high crude prices.
Fossil Fuels
Global Climate Change & Peak Oil – Part III
The possibility of runaway global warming is not as distant a threat as we may wish. It is a threat which worries some of the greatest minds living among us today.
Shell hit by $1.5bn oil pollution claim from Nigerian Senate
Shell, the beleaguered oil giant, has been asked by Nigeria’s Senate to pay $1.5bn (£830m) compensation to communities affected by oil pollution in the country.
Colombia’s hopes for great oil field find likely dashed
With the nation’s proven oil reserves continuing to fall, investment and exploration sagging and sabotage from a 40-year old civil war enduring, the Colombian government and its oil company, Ecopetrol, have been desperate to ballyhoo any find, small though it may be.
Soaring fuel bills spell end to era of cheap energy
“The era of cheap energy is over,” Mark Clare, managing director of British Gas, said.
First signs of a global decline in oil?
New statistics are claiming that oil production in 18 producer countries has passed its peak and is declining faster than previously thought: At about 1.14 million barrels a day.
Audio: Experts: Oil Production Peak Inevitable
The summer’s record high oil prices and tight supplies raise questions about how much oil is left.
9-11 and peak oil: connecting the dots
History professor and 9-11 skeptic Carolyn Baker discusses the connection between the events of 9-11 and peak oil.
Philippines pushes to cut oil consumption
Reeling from record oil prices, the Philippines yesterday launched a countrywide campaign to limit energy consumption that includes halting government car purchases and switching off air conditioning for an hour in government offices.
OPEC exploration declining despite rising prices
Some of the world’s biggest oil-producing countries have reduced their investment in new capacity despite record oil prices. The Organisation of Petroleum Exporting Countries this week revealed its members drilled 6.5 per cent fewer wells in 2003, suggesting the global supply crunch and high oil prices could last longer than expected, analysts said. The numbers appear to contradict statements by Opec members that they are actively building extra capacity.
Motley crude
Oil prices are at record highs, production may well have peaked, yet demand continues to soar. So why aren`t the oil companies panicking?
The San Francisco Chronicle, in 1971, carried a small item: “The Texas Railroad Commission announced a 100% allowable for next month.” It was a very cryptic report and, knowing newspapers, it was probably simply used as a filler.
NZ: Peak Oil 101. For the benefit of Dr Cullen.
Hon Dr MICHAEL CULLEN of the New Zealand parlaiment: I have to confess that, for once, the member has floored me; I do not understand what is meant by the term “peak oil”.
