US: Rising Energy Costs Straining Farmers
The U.S. Agriculture Department’s chief economist, Keith Collins, said rising energy and fertilizer costs could add $1 billion to U.S. crop production costs.
Fossil Fuels
We are finally running out of cheap gas — good
As gas prices loft into the stratosphere, likely never to come down, we can expect to hear much doomsaying about how this will end the world as we know it. Let’s hope so.
The View from Hubbert’s Peak
The only certain beneficiaries of this coming economic chaos will be the big five oil corporations and their corrupt partners: the Nigerian generals, Saudi princes, Russian kleptocrats, and their ilk. Crude oil truly will become black gold.
Oil traders vs. the Saudis
If the Saudis plan to unilaterally boost their supply of crude oil, regardless of what the OPEC cartel decides to do — a promise the Saudi Arabian oil minister made last week — then why have crude prices continued to climb?
Conoco refuses Saudi offer of extra oil -trader
U.S. oil refiner ConocoPhillips turned down an offer to take extra oil from top OPEC exporter Saudi Arabia because the oil was too heavy a grade, a trader at the company said on Tuesday.
Shell cuts oil reserves for 4th time
LONDON — The Royal Dutch/Shell Group downgraded the size of its proven oil and gas reserves yesterday for the fourth time this year as the oil giant continued to stumble over a scandal that shocked the markets and forced the resignation of three top executives.
Why Gas Should Cost More
North Americans complain about fuel costs. But to avoid a possibly unprecedented human crisis in coming decades, they should be urging their governments to allow the price of oil and natural gas to rise even more.
Saudi Arabia reacts to ASPO
The Oil and Gas Journal published on May 17th an article by Mr Sadad al-Husseini, who was until recently an Executive Vice-President of Saudi Aramco. He refers to the doubts raised by ASPO regarding the validity of the 260 Gb (billion barrels) claimed by the country as remaining reserves, admitting that a policy of withholding technical information has given grounds for uncertainty.
New Information Documents Bush Administration’s Land-Management Shift
Secret policy changes made oil and gas development the dominant use of federal lands.[US]
Crude Oil Rises on Concern More Saudi Output Won’t Meet Demand
Crude oil futures rose on concern that a promised Saudi Arabian production rise and any Organization of Petroleum Exporting Countries quota increase at a meeting next week won’t meet rising demand.
‘The Oil We Eat’ Following the Food Chain back to Iraq
The journalist’s rule says: follow the money. This rule, however, is not really axiomatic but derivative, in that money, as even our vice president will tell you, is really a way of tracking energy. We’ll follow the energy.
US: No undue delays for LNG projects, FERC says
Federal agency works to finish LNG safety report; consultant says difficult to predict fire potential from spills
