An insider speaks out
Matthew Simmons is both the ultimate insider and a challenging iconoclast.
Fossil Fuels
China speeds up building strategic oil reserve base
China is accelerating the pace of constructing a strategic oil reserve base, according to the State Development and Reform Commission.
U.S. Addiction to Foreign Oil Deepens
U.S. domestic oil production has dropped five percent since this year’s peak in February and near-record oil prices are unlikely to inspire drillers to slow the country’s deepening dependence on foreign oil, experts say.
To save all, we must risk all
A message from the inside. Ali Samsam Bakhtiari, Senior Expert of the Iranian National Oil Company speaks honestly about the coming impact of Peak Oil in his opening statement to May’s Berlin Peak Oil conference.
Oil at $41, demand hits 20-year high
OPEC pumping near capacity; price gains triggered by inventory decline, heating oil supply concerns.
Oil giant Shell’s investors shocked
When Shell admitted to misleading investors, down went the share price. And, as Mr Montagnon explained, “most people will have a stake in this, if they’ve got a pension, because Shell is such a large company”.
Oil: Prize or Curse?
At some point, the Hubbert curve for world oil will enter the down slope. Extraction will become more expensive and, eventually, this fossil fuel – essential for transport throughout the globe – will disappear. It behooves the Nigerian government and all oil producers to begin seek other sources of energy and diversify the sources of revenue.
OPEC agrees to make automatic increase in oil output ceiling
OPEC hopes to put a lid on stubbornly high crude prices by adding a half million barrels a day to its targeted output.
Canada to Boost Daily Oil Output 38% by 2015, Producers Say
Canada will boost oil production 38 percent to 3.6 million barrels a day by 2015 amid higher oil- sands output, according to the nation’s oil producers.
Bolivian leader bets his future on gas referendum
Bolivians will decide Sunday how to develop the nation’s huge natural gas reserves in a referendum that is vital for President Carlos Mesa as he battles to stave off a revolt by indigenous Indians.
Andrew McKillop on book publishing visit to California as Peak Oil scenario looms
Andrew McKillop is in California to promote his book, ‘THE FINAL ENERGY CRISIS,’ published by Pluto Press and the University of Michigan Press, based on an outline first invited and accepted by the publishers in June 2001.
Big Oil Protects its Interests
The oil industry has lavished more than $440 million over the past six years on politicians, political parties and lobbyists in order to protect its interests in Washington, according to a new report by the Center for Public Integrity.
