China’s crude oil output to peak at 200 million tonnes in 2015
China’s crude oil output will peak at 200 million tonnes annually in a decade, but even that will be far from enough to cover the country’s voracious energy needs, state media said.
Oil
Energy Forum Planned in Riyadh
Saudi Arabia and Russia will jointly sponsor an international energy forum in February next year to map out an effective strategy for regulating the oil market and strengthening security measures at oil installations and during transportation as part of a comprehensive energy security program.
Peak hour
The Wall Street Journal recently published a major piece on peak oil and in the past year Campbell has spoken before a joint committee meeting of the British House of Commons, addressed a group of J P Morgan Chase & Co investors and been visited by officials from Swedish auto manufacturer Volvo.
Iran News Briefs
Some selected recent stories relating to Iran.
Oil supply to peak sooner than we think, says BP scientist
WORLD oil production is likely to peak in the next decade, much earlier than many international forecasts, a senior BP executive has told The Business.
Asia’s Great Oil Hunt
As China’s economy expands, so does its thirst for oil, gas, coal, and electricity. Today, China accounts for 12.1% of the world’s energy consumption.
Sound Energy Governance: A New Era of Oil Transparency
Proposal by oil analyst Matthew Simmons to improve the transparency of oil field production and reserves: “Estimating future supplies and Peak Oil will be achievable based on factual data.” (Slide presentation)
China rocks the geopolitical boat
Billed as the “deal of century” by various commentators, a mega-gas deal between Beijing and Tehran is likely to increase by another $50 billion to $100 billion, bringing the total close to $200 billion, when a similar oil agreement, currently being negotiated, is inked not too far from now.
Electronic Voting: The Stolen Election of 2004
Using a variety of criminal methods that they have perfected over the past four years, the George W. Bush-Dick Cheney-Karl Rove syndicate stole another election, and extended their illegal occupation of the White House. (Mentions peak oil.)
What happens in Nigeria when the oil wells run dry?
Could you imagine what would have been (or would be) of Nigeria without its crude oil revenue? Chad or Niger would seem like paradise.
New Flash Animation on Peak Oil
PowerSwitch.org.uk has just released a Flash presentation introducing oil depletion.
Crude futures fall after supplies up
Crude oil futures fell after a US Energy Department report showed rising imports boosted inventories by three times the amount analysts forecast. But “it would be very dangerous not to keep filling the reserve,” said Kjell Aleklett, president of Uppsala, Sweden-based Association for the Study of Peak Oil & Gas, an energy researcher.
