Oil

How to Live Without Oil – New energy sources and efficiency could make petroleum obsolete.

by

With prices exceeding $50 a barrel, the world’s oil habit now costs $4 billion a day. Some experts warn that output will soon peak and prices will reach $100, but nobody really knows for sure (94 percent of reserves are owned by governments, which generally keep the data secret). Fortunately, it doesn’t matter: With cheap oil-saving technologies and alternative fuels already at our disposal, the sooner we get off oil, the sooner we’ll start making bigger profits.

Petrodollar Warfare: Dollars, Euros and the Upcoming Iranian Oil Bourse

by

Contemporary warfare has traditionally involved underlying conflicts regarding economics and resources. Today these intertwined conflicts also involve international currencies, and thus increased complexity. Current geopolitical tensions between the United States and Iran extend beyond the publicly stated concerns regarding Iran’s nuclear intentions, and likely include a proposed Iranian “petroeuro” system for oil trade.

USAF fuel costs blowout cuts weapons research funding

by

The Pentagon is discovering it’s not immune from the high gas prices that have overwhelmed taxpayers’ checkbooks and dampened summer
travel plans across the U.S.
Defense Dept. planners are now estimating fuel costs may add as much as $4 billion to what was already expected to bc a shortfall of nearly $6 billion in Fiscal 2007 and each year following. This nearly doubles the predicted annual deficit of about $10 billion.

Big Oil warns of coming energy crunch

by

International oil companies have advertising campaigns warning that the world is running out of oil and calling on the public to help the industry do something about it.
Most of the executives ofThe world’s five largest energy groups generally maintain that oil projects are viable with the price at which they test a project’s viability is within the around $20 a barrel. range. But their advertising and some of their companies’ own statistics appear to tell a different story.

The Twilight Era of Petroleum

by

Several recent developments — persistently high gasoline prices, unprecedented warnings from the Secretary of Energy and the major oil companies, China’s brief pursuit of the American Unocal Corporation — suggest that we are just about to enter the Twilight Era of Petroleum, a time of chronic energy shortages and economic stagnation as well as recurring crisis and conflict.

Fossil Fuel Headlines – 8 August, 2005

by

The crystal ball, though murky, is not empty / A half-truth is still a lie / Transcript of Matt Simmons online interview / US targets oil in Africa / Pemex spending on exploration rising, but infrastructure probs catching up / Kerr-McGee to exit North Sea / Howard seizes Northern Territory uranium / Why America Is More Dependent Than Ever on Saudi Arabia / Arab oil producers to increase production: OAPEC / Opec production level hits 26-year high / EU offering to back Iran as major oil route -France / Prices push out premium gasoline / Now anybody can bet on gas prices / Airlines add routes to where the oil is

Fossil Fuel Headlines – 2 August, 2005

by

ASPO August Newsletter / Oil Supplies and the “Infallible” Goddess of the Marketplace / Kuntsler on Yergin / Get ready for return of the bad ’70s / Malaysia: Cut air-conditioner usage / King Fahd of Saudi Arabia dies / Long-lived the kings / Appetite for destruction
Our voracious oil consumption corrupts mideast policy / Energy Bill Raises Fears About Pollution, Fraud, Critics Point to Perks for Industry / Democrats and the energy bill / Energy bill criticized as lacking new policy / An energy policy about half right