Politics and Economics Headlines – 12 October, 2005

Chavez’s strong oil card is a bluff / Smugglers cash in on oil subsidies / Sugar prices soar on biofuel prospects, fund flows / Higher gas prices hit rural Americans hard / Pain at the pump, Profits in the boardroom / Is the U.S. on the verge of a natural gas crisis? / Fearing Heat Costs, Many Take Preventive Action / Living too large in exurbia / Bike seller leaps on oil price opportunity / Governors abandon SUVs /
Energy crisis unfolds in Pakistan / Cuts in Energy Spending May Prove Elusive / Alaska Threatens To Yank Leases from idle oil companies

Peak oil headlines – Oct 10

Washington DC and Peak Oil /
Peak-oil scenario fuels “go local” campaign in Vermont /
Unraveling the gas ‘conspiracy’ /
International Energy Agency confronts PO /
Philadelphia Church of God on PO /
October ASPO newsletter /
PIMCO: Got energy? /
Oz Greens call for inquiry into oil supply /
Happy birthday M. King Hubbert /
Vancouver: Running on empty /
Big names in Texas PO roundtable /
Syriana: the next oil awareness movie

Politics & economics headlines – Oct 10

US energy bill OKd in raucous vote /
Inside the secretive Bilderberg Group /
Gas row between China and Japan escalates /
Boom times await new BRIC powers /
Fool shortage? Not in Georgia /
US revs up the China threat /
Chavez interview – has ‘strong oil card’ /
High oil prices met with anger worldwide /
Pombo proposes offshore drilling

Depletion

After you discover oil, you can only produce it out of the ground one time… You have depleted the pores of the rocks, emptying them of the oil and gas that were formerly contained within. There is no “inflation” when it comes to the supply of oil. There is only depletion.