OPEC signals crude to be kept pumping at current levels
The Organisation of Petroleum Exporting Countries signalled that the cartel would keep pumping crude at currently high levels even though crude prices have cooled recently.
Oil
Emerging source of oil, not from wells, but sand
An Ohio refinery is widening its use of synthetic crude oil – made from tar stripped from Canadian sand. The problem is, according to Jim Meyer, tar cannot be extracted and turned into oil fast enough to make up for the expected fall in conventional oil production.
Few Refineries for Cheaper Heavy Oil
Even with demand for crude oil surging and prices near record highs, Bernardo de la Garza can unload his oil only at a steep discount. De la Garza sells a less-desirable grade of heavy Mexican oil.
OPEC expects demand for oil to “plunge”
“There have been developments (that suggest) that during the second quarter of 2005, demand for oil will plunge,” OPEC President Purnomo Yusgiantoro said without elaborating.
Latest News about PowerSwitch.org.uk
PowerSwitch.org.uk, a great British Peak Oil site, has announced a short story competition judged by noted author Stephen Baxter – plus more news in this latest bulletin.
Rise of the DIY movement / Collapse of the petroleum delusion
To see ahead, we have to understand what we are in the midst of. I pronounce this pre-collapse phase as the beginning of the grand nightmare. Mind you, there will be a dawn, but an unrecognizable one to myopic dwellers of consumer civilization.
CGES: Recent crude price reductions don’t signal a market collapse in 2005
Although crude prices have fallen considerably from record highs in mid-October, the retreat doesn’t necessarily signal the start of an extended price slide into 2005, said analysts at the Centre for Global Energy Studies in London.
US: New class offers chance to face energy challenges
Students at Vanderbilt University will have a chance to learn about Hubbert’s peak and the looming challenges of energy and the environment for the new century.
When the oil runs out
Oil is the sinews of the modern life….
Unfortunately, this valuable substance which has been relatively recently introduced into man’s life is going to be exhausted.
Saudis say they will boost production 37 per cent
The current oil price boom is “significantly” different from the politically driven price spikes of the 1970s, Saudi Arabia’s energy minister said in London yesterday.
Iraq Oil Infrastructure Losing Billions
Between August and October, Iraq lost $7 billion dollars in potential revenues due to sabotage against the country’s oil infrastructure, according to Assem Jihad, spokesman of the Oil Ministry.
Finite fuels threaten life as we know it
If predictions are correct, no future generation will forget 2005 – the year the world began eating into the second half of its oil reserves. Interview with Pr. David Goodstein.
