Plastic makers squeezed
The petrochemical industry’s costs are skyrocketing as raw materials grow dearer. `We’re keeping our fingers crossed,’ one executive tells reporter John Spears.
Oil
New York crude bolts to record 55 dollars a barrel
New York’s main crude oil price bolted to a record 55 dollars a barrel as traders fretted about stretched supplies, hot demand and thin stocks of winter heating fuel.
Platts: Global Oil Peak Soon
The Managing Editor of Platts claims that global oil production will peak soon, and economic output will peak soon. (Link to PowerPoint presentation.)
Global Scale Politics
While peak oil enjoyed a break out in 04, and even though most Americans know in their heart of hearts that Iraq was about oil, Americans, this election, have yet to really make the connection.
Real oil price should be $100: Iranian MP
“I think the real price for oil to be $100,” said MP Kamal Daneshyar. “Therefore, importers are now buying oil much cheaper than the price they’ll soon face”.
Oil to hit US$100 a barrel, says psychic
OIL prices will skyrocket to US$100 per barrel, but the rich in Trinidad and Tobago will continue to get richer and the poor poorer. Yesenia Gonzalez, the 44-year-old Venezuelan psychic, is so confident this prediction would materialise in 2005, that she said she was prepared to put her reputation as a “top international psychic” on the line. [ At least she’s been reading her ASPO newsletters. ]
The Problem: We’re Almost Out of Oil and Fossil Fuels
A treasure chest of downloadable presentations on Peak Oil topics, including OPEC, energy and equity, alternative energy, and hydrogen.
Post Carbon Dispatch #3: Tar sands and the price of oil
As oil settles at over $50 a barrel for the second day in a row (four if you include the weekend) I am visiting one of the only places on Earth which really does have an expanding hydrocarbon supply.
Book Review: Crossing The Rubicon
Ruppert masterfully presents the genesis of September 11th and moves the reader through the early years regarding high expectations for massive oil sources, exposing what’s known as “peak oil” production and into the future.
CNN breaks rank with other Television News Outlets linking High Oil Prices
In its October 13, 2004 story ‘Pump Pain
Politics,’ CNN Headline News and CNN Financial News have broken rank with
mainstream television news by addressing the real geological driver behind
rising oil and gas prices.
Oil companies try to squeeze the last drop in U.S.
With oil prices surging, crude producers in the Permian Basin, the U.S.’s oil heartland, are scrambling to squeeze more oil out of their wells.
Buoyed by the black stuff
In the last of the Guardian’s series on the UK’s declining oil reserves, oil chiefs explain why Aberdeen has reason to be cheerful…our overall oil reserves may be in permanent decline but there is still plenty of money to be made and no need yet for despondency.
