Russian oil and gas sector growth may stop in 2007
According to LUKoil Vice President Leonid Fedun, by 2007 the Russian oil and gas sector will stop rising.
Fossil Fuels
Worry grows over Shell’s reserves error
Royal Dutch/Shell Group’s disclosure that it overstated its proven reserves by 20 per cent rattled energy investors and is raising questions about whether the oil industry as a whole has inflated its prospects.
Alaska Thaws, Complicating the Hunt for Oil
DEADHORSE, Alaska . Harry Bader slogged across a patch of America’s only Arctic shore, leaning into a late December gale that filled the midday twilight with blowing snow and sent the wind chill to 40 below.
Despite the weather, Mr. Bader, the state’s land manager for the oil-rich North Slope, was consumed with one thing – the warming climate. Oil-prospecting convoys in search of new deposits are allowed to crisscross the fragile tundra only when it is snowy and solid. But over three decades, rising temperatures have cut this frozen season in half, to 100 days from 200.
2020 Scenario: OPEC May Be Replaced
It’s 2020, and the energy ministers of the Organization of Gas-Exporting Countries, known as OGEC, the umbrella for the dozen or so nations which dominate the market, gather in Madrid for their annual get-together to determine production quotas and price levels for the new primary energy source that fuels the global economy , natural gas, or more specifically, liquefied natural gas, known as LNG.
OPEC mulls move to euro for pricing crude oil
OPEC is considering a move away from using the U.S. dollar — and to the euro — to set its price targets for crude oil, the highest-profile manifestation of the debilitating effect of depreciation on the greenback’s standing as the currency of international commerce.
Plan now for a world without oil
It is hard to envisage the effects of a radically reduced oil supply on a modern economy or society, writes Michael Meacher, UK environment minister from 1997 to June 2003.
Peak oil primer and links
The Energy Bulletin Peak Oil Primer
About EnergyBulletin.net
Mission Statement
EnergyBulletin.net is a clearinghouse for information regarding the peak in global energy supply. We publish news, research and analysis concerning:
- energy production statistics, models, projections and analysis
- articles which provide insight into the implications of peak oil across broad areas including geopolitics, climate change, ecology, population, finance, urban design, health, and even religious and gender issues.
The Global Record (excerpt)
The gap between the promise of petroleum wealth and the perversity of its performance is enormous. Study after study demonstrates that, as a group, countries dependent on oil as their leading export have performed worse than other developing countries on a variety of economic indicators.
Fiction: Sixty Days, Next Year
Fiction: You’ll have to excuse me, but I don’t usually keep a diary. These events began before I understood what was happening, and where it was all headed. It was only later, after it was all going on, that I thought that maybe I should be keeping some sort of record–as if no one else was. We live in The Information Age, or did. Now it’s just The Dim Ages. Welcome to my world.
Fueling Conflict
PetroPolitics Special Report: More than any other commodity, oil is the lifeblood of modern economies and the engine of military machines.
The Bottom of the Barrel
Oil is running out, but no one wants to talk about it.
