When the last oil well runs dry
Just as certain as death and taxes is the knowledge that we shall one day be forced to learn to live without oil.
Fossil Fuels
Saudis Pledged Oil Price Cut Before U.S. Vote -Report
WASHINGTON (Reuters) – Saudi Arabia’s ambassador to the United States, Prince Bandar bin Sultan, promised President Bush the Saudis would cut oil prices before November to ensure the U.S. economy is strong on election day, journalist Bob Woodward said in a television interview on Sunday.
Plan War and the Hubbert Oil Curve, An Interview with Richard Heinberg
Richard Heinberg is a professor at the Santa Rosa branch of the New College of California, where he teaches courses on Culture, Ecology and Sustainable Community.
Venezuela – Argentina: An oil swap that dampens two crises
Venezuela sought out and initiated last week’s oil for food swap with Argentina. While Argentina’s main goal was to stave off an impending energy crisis this winter, Venezuela viewed the deal as an opportunity on its part to increase Latin American integration and strengthen the South-South alliance.
SAUDIS HAVE U.S. OVER A BARREL
The Shifting Terms of Trade Between Grain and Oil. In 1970, a bushel of wheat could be traded for a barrel of oil in the world market. It now takes nine bushels of wheat to buy a barrel of oil.
Surviving oil shocks
With US Treasury secretary John Snow ratcheting up his criticism of Opec, it is clear the Bush administration is alarmed about rising oil prices.
Report: Oil Will Cost $51/barrel by 2025
WASHINGTON – Crude oil prices will increase gradually and reach $51 a barrel by 2025 due to inflation and rising energy needs in developing nations, according to an Energy Department projection.
Russia to run out of oil in six years?!
Russia, now the second largest oil producer in the world, warns that its oil supply will last only until 2010.
High Gas Prices Not Stopping Motorists
When the price of gasoline surges, two things are practically guaranteed: motorists will bemoan the rising cost and, more tellingly, they’ll drive as much as ever.
“I hate it. I hate expensive gas,” Don Macklin, 71, of Kingston, Ontario, said as he pulled his Chrysler minivan into the Travelodge motel just off I-95 near Fredericksburg, Va., 400 miles away from a vacation with his wife in Myrtle Beach, S.C. “But what are you going to do? I just factor it in.”
Survey: Gasoline Nearly $1.80 Per Gallon
U.S. average retail gasoline prices rose over the last two weeks and they could go even higher, according to an industry analyst.
Oil Shortage?
Saudi officials like to fly visitors across the Empty Quarter, the forbidding desert that occupies the eastern portion of the kingdom, to visit the Shaybah oil field. Nestled amid stunning sand dunes like a ship in a vast ochre ocean, Shaybah is a source of national pride for the Saudis — akin to the Hoover Dam or the Apollo space missions for Americans. To outsiders, the message is: When it comes to oil, you can count on us. “We are the most reliable producer and supplier of crude in the whole world,” says Mahmoud M.
US: Fertilizer plants shut down
Three stories regarding the pressures of high energy costs on farmers and nitrogen fertilizer producers.
