Australia: Oil: Living with Less
Dr Malcolm Riddoch reports from a conference entitled Oil: Living With Less which featured Dr Ali Samsam Bakhtiari, which took place in Western Australia ealier in the week.
Fossil Fuels
Mexico’s Cantarell field decline deferred to 2006
The head of exploration and production at Mexican state oil monopoly Petroleos Mexicanos, or Pemex, said Thursday that the decline of the country’s biggest oil field has been delayed until 2006.
New Zealand: Government about to make a monumental mistake
It is clear that policy makers, Government bigwigs, ostentatious self-promoting Mayors and general associated ignorami are about to make an error of monumental proportions. The mistake involves the gross misappropriation of public funds to build roading systems in Auckland and throughout NZ that in all likelihood will be empty of drivers early next decade.
UK net oil importer for first time in decade
Britain became a net importer of oil in June for the first time in 11 years, official data showed on Tuesday. As the UK is expected to become a net gas importer as early as next year, it is building liquefied natural gas import terminals. The UK also intends to increase renewable share of power generation to 20 per cent by 2020.
Squeeze Play! Energy’s Perfect Storm
The cost and availability of oil will be impacted by “peaking”; natural gas supply will fail to meet production and supply demands; nuclear offsets aren’t being addressed and the failure of transmission lines to be replaced or upgraded are all rapidly coming together in a short period of time and will cause rocketing prices and supply disruption.
Sudan Accuses West of Seeking Its Oil and Gold
KHARTOUM, Sudan (Reuters) – Sudan’s president Thursday accused the West of exploiting the Darfur conflict in the hope of seizing the country’s gold and oil, but Washington replied its only aim was to halt mass murder and starvation.
OPEC has now reached maximum production capacity – Venezuela
The Organization of Petroleum Exporting Countries (OPEC) has reached its maximum production capacity, Venezuelan Energy Minister Rafael Ramirez said
Oil price soars above 45 dollars for first time
New York’s main oil contract shot above 45 dollars for the first time, whipped higher by an uprising in Iraq, a crisis at Russian oil titan Yukos and a tropical storm nearing oil platforms.
Global Oil Demand Expected to Exceed Forecasts, Report Says
Global oil demand is expected to be higher in 2004 and 2005 than initially forecast, increasing pressure on oil producers to boost their output at a time when rising oil prices may hurt a recovering world economy.
Iraqi workers halt station pumping oil to Baghdad
Workers at an oil pumping station in southern Iraq said on Wednesday they have stopped operations to protest the government’s backing of the U.S. offensive against followers of rebel cleric Moqtada al-Sadr.
Experts dispute oil reserves countdown
Soaring oil prices have stirred a long-standing debate among experts about how much crude remains in the ground and how to manage the countdown to when the reserves run dry.
As crude prices soar, ‘Peak Oil’ looms
Richard Heinberg is more interested in how Americans respond to peak oil than the actual date. The implications are far more sweeping than simply paying another dollar a gallon at the pump.
