Oil prices shoot up to new record
Oil prices have surged to fresh record highs again after a surprise drop in US petrol stocks added to worries about a gathering storm in the Caribbean.
Oil
Energy conservation takes center stage in the Philippines
Long and detailed article on the measures being introduced to deal with their energy crisis. The measures currently target government agencies, but are set to become compulsory for consumers and business if prices continue to rise.
Peak Oil Headlines – 24 August, 2005
David Holmgren speaks with GPM’s Julian Darley / Dr. Albert Bartlett: Arithmetic, Population and Energy / Suck It Up, America / Are We In Peak Oil Today? / The Oil Price Mirage / Aren’t there alternatives to oil? / The $10,000 Question
Crude Awakening: the end of cheap oil
The Cleveland Plain Dealer — the only major newspaper in the US that’s taking Peak Oil seriously — has run almost two dozen articles on different aspects of the energy crisis in their “Crude Awakening” series.
Politics and Economics Headlines – 22 August, 2005
Save us, Indian oil firms tell PM / Dems urge Bush to open oil reserves / Ecuador oil protesters freed; talks expected / US woo’s Libya / Oil industry image suffers as energy prices rise / Expert: Venezuela’s threats could be the greatest danger to oil prices / Geostrategic game revives with new players / Petrol price pushes 4WDs off the road / High fuel prices, more drivers doing a runner / Gold & Oil
After the oil runs out
The coming permanent scarcity of fossil fuels will touch off a seismic cultural shift, and some Portlanders are planning for it now.
Deffeyes on C-SPAN2 Sunday night
Hour-long interview with geologist Kenneth Deffeyes, author of “Beyond Oil: The View from Hubbert’s Peak: on C-SPAN2 at 12 midnight (Eastern Time) Sunday night/Monday morning.
The Breaking Point
Unlike the 1973 crisis, when the embargo by the Arab members of the Organization of Petroleum Exporting Countries created an artificial shortfall, today’s shortage, or near-shortage, is real. If demand surges even more, or if a producer goes offline because of unrest or terrorism, there may suddenly not be enough oil to go around. [NY Times comes through with coverage of Peak Oil.]
Ecuador’s army tackles protesters
Ecuador’s army has stepped up efforts to quell protests which have crippled production in the oil-rich Amazonian region of the country.
OPEC Reveal Global Light Sweet Crude Peaked
The key point is that non-OPEC light sweet crude went from 41% of 66 mb/d to 34% of 70 mb/d from 2000 to 2004, a drop of 3.26 mb/d. OPEC added 1 mb/d of light sweet crude over the same period resulting in a global reduction of light sweet crude of over 2mb/d showing that global light sweet crude has peaked and is now in decline.
Other Energy Headlines – 19 August, 2005
BTC Oil Enters Georgia / China to Build Offshore Wind Power Complex / Shortages Stifle a Boom Time for the Solar Industry / Zero-energy homes / Tar sand companies try balancing oil gains, environmental pains / The Onion on Alternative Fuels
Beijing under pressure to tackle oil shortages
Rising anger in China over spreading fuel shortages is increasing pressure on Beijing and the local oil majors to devise a new pricing policy to head off future crises over oil supplies to motorists.
