Insight and inspiration in turbulent times.
What those who see oil production just as a process limited by price, are NOT getting is that rigs and pipe and cement and energy are all costs that oil producers have to pay. And that additional cost is also reflected in the new higher prices for everything made with oil. As we look harder and harder for more oil, this demand drives prices for the equipment and materials we use through the roof.
As oil prices top $65 a barrel and Americans brace themselves for continued price hikes at the pump, leading energy experts and former high-level government officials discuss the nation’s precarious dependency on foreign oil in the face of ever-growing demand, terrorist threats and instability in the Middle East. (AUDIO and via radio stations)
If an assured supply of oil is cut off to the West, New Zealand could again face the prospect of car-less days. The option is raised in a consultant’s report for the Economic Development Ministry that looks at an oil crunch and how the country could cope.
Comment: New Zealand’s initial response to IEA emergency consumption reduction requirements. NZ regular gasoline is currently NZD$1.45/litre, equal to USD$3.87 per gallon.
With gasoline nearly $3 gallon, there needs to be a mainstream discussion of the alternatives.
Rising gasoline prices? Terrific! Let’s raise them some more / Judge Bars New Coastal Oil Drilling / End the drilling delusion / What is the US Military Doing in Paraguay? / Thanks to BC Libs, Texans control our gas profits, and supply / BHP Billiton buys California’s best for LNG push / High gas prices fuel fear of financial hardship
“The Greens believe we need to have the mechanisms in place to deal with both a short-term emergency, such as this report envisions, and Peak Oil, where we are facing steadily rising prices over the long term and eventual shortages no matter what the price,” [Green Co-Leader] Ms Fitzsimons says.
Indonesia’s pressures mount / Renewable energy is the key, says Kalam / Indian President seeks ‘Energy Independence’ / Taipei Times: Time to conserve energy / Chavez to Give Latin Countries Priority in Developing Heavy Oil / China Rationing Gasoline And Diesel Fuel / Gasoline stations jammed as fuel crisis deepens / China: Where has all the oil gone? IEA wonders
The Government has made the call to people to appreciate the looming crisis arising out of the unabated price of oil in the world market. According to Press Secretary Ignacio Bunye the country should face this challenge squarely and close ranks.
Depletion and advanced extraction techniques / W.F.Buckley: Looking ahead – oil / Coming closer to the tipping point.. / Tick Tick Tick / Reality behind the oil game / The hike in oil prices: Peak Oil or price cycle? / Will America be ready when oil supply peaks? / Peak Oil Survey
Supply of Oil vs the Demand for Oil.
Chinese gasoline stations jammed as fuel crisis deepens / Ghana has 350 Million dollar energy funding gap / Indian Official: Assam oil production ‘critical’ / Explosion at BP plant near Alvin comes on heels of Texas City closing / The only way is up for oil prices, but the world will not run out in the near future / Are record oil prices leading to exploitation of oil shales? / Electrical Inefficiency A Dark Spot for China / Shell Canada Oil Sands Expansion Costs Jump 83% / U.S.: Pricier Oil Won’t Send The Economy Into A Skid / More fuel for airlines’ woes
No gain, much pain – When energy bill comes due, we’re going to pay / Cleanpeace: Energy bill speeds nuclear proliferation, stifles competition and threatens national security / Holes in the Energy Law / In new energy crisis, Bush rewards cronies / Energy bill roils port policy / Energy Vacation [animated cartoon] / Passage of energy bill highlights lack of united Democratic opposition / The Energy Bill’s Gift to Terrorists / Highway bill Legislation loaded with money for special projects / Road Bill Reflects the Power of Pork
