Oil spike II
July’s price pop is nearly as bad as June’s; analysts think it may hurt less, but could still sting.
Fossil Fuels
Exploratory Oil Drilling Done Off Cuba
Drilling of an exploratory well in Cuba’s virgin Gulf of Mexico waters that could make the Communist nation an oil exporter and undermine the U.S. embargo has been completed, a senior official said.
Forget global terrorism, China is about to flick the switch on a global energy crisis
The Chinese government plans to triple China’s energy supply over the next 15 years. That means adding enough new power stations to supply the entire energy needs of Sweden each year.
Canada: Pinning hopes on the tar sand
Oil sands plants make or lose money on labour costs and the cost of the energy they need to drive the plants — both of which are only marginally important to conventional oil.
US: Fill ‘er up with … coal? Coal-to-diesel plant closer to reality
Cars running on coal? It could happen in this country – some day.
World creeping closer to `oil shock’
Energy crisis could loom, experts say. Politics, corporate moves are factors.
US Natural Gas: Burning need
If volatile natural gas prices persist and the country continues without a policy to encourage more production, jobs will be exported and the country will continue to lose its core manufacturing business
Oil billionaire takes a gamble to fix natural-gas shortage
The Energy Bridge, with its tankers far beyond the horizon, eliminates the risk of explosions on land and thus sidesteps not-in-my-backyard controversies.
Georgia suspends work on section of Caspian oil pipeline
Georgia’s government said Friday it had ordered a temporary halt to construction work on a section of a multi-million-dollar (euro) Caspian oil pipeline, alleging that the pipeline consortium had failed to meet requirements on environmental safety.
Bacteria, Underground Fires to Unlock Oil Reserves
Odd methods of getting oil leftovers now more feasible.
Paying the Pumper
J. Robinson West argues that while the Hubbert curve analysis applies where full commercial exploitation has taken place, in many areas, other factors, including politics and policy, weigh in.
Colin Campbell speaks about BP’s Statistical Review
BP seeks to maintain this myth that current reserves are sufficient today to support current production for forty years. By perpetuating this misleading notion, I think one has to conclude that BP seeks to mislead—this is not just an accident.
