Deepwater exploration binge off South Africa
Includes report of planned & recent deepwater oil exploration off the coast of South Africa, and some pleasantly frank comments from the head of the SA Petroleum Agency.
Oil
Transatlantic alliance to secure fuel supplies
Oil consumers on both sides of the Atlantic on Thursday outlined plans to secure energy supplies and reduce consumption amid growing concern over rising oil prices, potential terrorist threats and surging demand from avoracious China.
Chinese VP in Caracas to sign deals
Venezuela has hailed the visit of Chinese Vice President Zeng Qinghong as a productive trip that will yield several multi-billion trade deals, mainly in the oil and gas sectors.
Cherished oil myths: OPEC overcapacity
The myth or belief in OPEC overcapacity is a key cheap oil myth. The opposite myth, or rather belief is increasingle easy to prove: both OPEC and non-OPEC suppliers are not able to keep pace with world demand, their own domestic oil consumption, and ward off depletion losses.
Venezuela sidelines US oil companies
Access to some of the most coveted oil reserves in the Western Hemisphere is at stake, with Venezuela exporting about 1.2 million barrels of oil a day to the United States, or nearly 15 percent of American imports. But the overtures to the Chinese, Russians and Iranians have added to worries among private oil companies that Venezuelan policies toward them are becoming increasingly unpredictable.
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.
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.
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.
