Soaring oil prices set to have long-term global impact
Spike in Crude rates a structural phenomenon. Current crisis due to combination of limited resources, increasing demand, driven mostly by China and India
Fossil Fuels
Sudan – The mask of altruism disguising a colonial war
Oil will be the driving factor for military intervention in Sudan. Oddly enough, the oil concession in southern Darfur is currently in the hands of the China National Petroleum Company. China is Sudan’s biggest foreign investor.
Indonesia and Oman
While much of the world is concerned about whether Saudi Arabia can deliver on its promise to produce an extra 1 million barrels of oil a day, far more attention should be given to OPEC and non-OPEC member countries whose production continues to fall.
Indonesia and Oman – their declines will outweigh Saudi increase
The declining oil production of Indonesia and Oman are greater than Saudi Arabias promised increases. Patterns of accelerated decline do not bode well for other old, aggressively worked, fields.
Simmons hopes he’s wrong
Leading energy analyst believes Saudi Arabia’s crude oil supply near peak; calls for greater global reserve transparency to anticipate ‘cataclysm’
Global oil production now flat out
By the time this is being read, currently available oil production capacity all around the world will be producing flat out. How sustainable this proves to be remains to be seen.
Will natural gas prices turn off Louisiana’s chemical industry?
With the cost of a key fuel rising, the state’s chemical plants are closing and thousands of workers are being laid off.
ASPO August Newsletter
ASPO’s August Newsletter makes some essential, if bleak, reading. The projected peak date has been moved forward, the collapse of global financial systems and human populations are discussed and much more.
Energy crisis ahead
We know oil prices are at a record high. Production has peaked. No major new fields are being discovered. We are running out of oil, except in the Middle East and parts of Africa.
US destabilization in Latin American geopolitics has makings of real problems (excerpt)
The Venezuelan government say they reserve the right to suspend oil shipments to the USA in case of an eventual conflict or aggression.
Crisis, crunch or crumble: after Yukos, it’s time we started fearing for the future of Saudi oil
Sixty per cent of Saudi production comes from the ‘King of Kings’ field. If this starts to decline, production has peaked.
Argentine homes save on gas, electricity to meet energy crisis.
The Argentine government on Friday said that in the first six months of the year a plan to reduce household energy consumption yielded savings of 8 percent on domestic gas and 3 percent on electricity, which were used to supply growing industrial demand.
