World Facing Energy Crisis Say Oil Producers
The world is about to face an energy crisis because the demand for oil keeps growing even though production is already at its maximum, Venezuelan President Hugo Chavez said yesterday.
Oil
Report (draft): Global Energy Demand and Capacity Building in Saudi Arabia’s Petroleum Sector
Release of draft report examining global demand and supply balance, Saudi reserves, current production capacity and planned investments, infrastructure security, and Saudi government revenue constraints on infrastructure spending.
Kyoto-style Protocol for Global Oil Depletion to be Debated at International Conference in Lisbon
Current and former elected officials will debate a proposed international agreement to avoid global conflict over the world’s depleting oil supplies during a conference at the Gulbenkian Foundation in Lisbon on 19 May 2005.
Oil and Food: A Rising Security Challenge
From farm to plate, the modern food system relies heavily on cheap oil. Threats to our oil supply are also threats to our food supply. As food undergoes more processing and travels farther, the food system consumes ever more energy each year.
OPEC: Quotas “Obsolete”
OPEC, the source of about 40 percent of the world’s oil, is letting inventories accumulate by ignoring its own output quotas, which are “now obsolete,” the group’s President, Sheikh Ahmad Fahd al-Sabah, said yesterday.
The Global Struggle for Energy
From Washington to New Delhi, Caracas to Moscow and Beijing, national leaders and corporate executives are stepping up their efforts to gain control over major sources of oil and natural gas as the global struggle for energy intensifies. Never has the competitive pursuit of untapped oil and gas reserves been so acute, and never has so much money as well as diplomatic and military muscle been deployed in the contest to win control over major foreign stockpiles of energy.
Is this the birth of a new energy axis?
The Arab-South America summit in Brasilia may herald the start of a new diplomatic circle. Central to that could be a new geo-political axis, an axis of non-aligned oil interests. Some of the countries attending the summit are leading players in the world of oil and energy.
Energy Headlines – May 10, 2005
Depletion key to investment outlook / Confiscation of gold? / US Rep.Bartlett continues warnings / Doubts about 4Q supply / Oil exploration & development costs ‘increased considerably’ 2003-04 / Costs of traffic congestion in US worsen
Transcript: Third Peak Oil Presentation by Congressman Bartlett
The third Special Order speech on Peak Oil to the US Congress by Rep. Roscoe Bartlett. This time Bartlett opens with a quote by Matt Savinar of the popular website LifeAfterTheOilCrash.net. [updated 10 May with graphics]
Asian countries subsidizing fuel hit hard by higher oil prices
KUALA LUMPUR : Higher oil prices are creating major problems for Asian countries which subsidize fuel costs, threatening economic growth if the subsidies are kept in place and consumer outrage if they are not.
Edinburgh Peak Oil Conference – Proceedings Now Available
More than 200 people attended a one-day conference in Edinburgh on 25 April 2005 to hear five leading experts discuss the implications of the approaching peak and decline in global oil supplies.
OPEC, Oil and a Paradox
Good discussion of the realities OPEC (and we) should be considering rather than the rhetoric that flows so freely from Western leaders and bankers.
