When oil peaks …
Fertilizer, DVDs, rubber, cheap flights, plastics and metals. None of these things have anything in common, right? Think again. An ingredient in all of them, in one form or another, is oil.
Oil
Another 10 years of high oil prices?
Talk to traders about oil prices and they only look a few months ahead. But a new book from George Soros’ former colleague Jim Rogers, ‘Hot Commodities’ points to a much more long-term outlook, and the news for oil is very good.
Deffeyes on Current Events
My interpretation is that the uptick [in world oil production] is part of the normal up-and-down jitter in the production curve. Worldwide, there have not been major discoveries or innovations that would put a permanent dogleg in the long-term trend.
2005: The Year of Global Oil Production Peak?
By now anyone that listens to the news or reads a paper ought to know what Peak Oil means. The New Zealand Green Party, primed by Jeanette Fitzsimons’ “Picnic for the Planet Speech” intends making it an election issue.
OPEC and Bush 2’s New Economy rhetoric
OPEC no longer controls oil prices. This is not, as neoconservatives predicted, because a ‘liberated’ Iraq has broken ranks and flooded the market with cheap oil.
Post Carbon Institute to Participate in Bangalore Peak Oil Conference
Post Carbon Institute is assisting Project Agastya and other Bangalore organizations to organize a one-day conference examining the implications of peak oil for India on January 28, 2005.
Bolivian fuel protests escalate
Tens of thousands of Bolivians have rallied in Santa Cruz – the country’s economic capital – to protest against cuts in fuel subsidies. Organisers pledged that the protests, the culmination of days of unrest over fuel prices, would remain peaceful.
Disruptions Make Canada’s Oil Sands Pitch Tougher
Canada is striving to sell major consuming countries on the potential of its vast oil sands to help meet energy demand, but a recent string of output disruptions makes the job tougher, analysts said on Friday.
Russia: Indigenous peoples protest against Sakhalin oil, gas projects
Representatives of indigenous peoples blocked more than 100 pieces of heavy machinery in Sakhalin on Friday to protest against local oil and gas projects.
Yukos Defaults on Long-Term Contracts to Supply Oil
OAO Yukos Oil Co., Russia’s biggest oil exporter last year, defaulted on long-term contracts to supply refiners after the government sold its biggest oil-producing unit to collect more than $20 billion in back taxes.
Will Washington tolerate a Chinese-Venezuelan Petro Pact?
President Chavez’s goal of reducing his country’s almost total dependence on the U.S. oil market may precipitate a global shift in which China will benefit by helping to meet its exponentially growing energy demands with Latin American oil.
Oil Running Out
Industrialised countries are heavily dependent on fossil fuels, especially oil and gas. Gas and oil together provide 70% of the energy used in both the US and UK. But the world’s reserves are rapidly diminishing, and they don’t have to actually run out before precipitating a crisis. (An introductory article to Peak Oil)
