Fuel price will hurt economies: IEA
Higher petroleum prices would hurt economic growth around the world next year, the International Energy Agency said.
Oil
U.S. Oil Output at 55-Year Low
U.S. crude oil output in September fell to the lowest monthly level in more than 55 years because of Hurricane Ivan and interruptions for maintenance in Alaska, the American Petroleum Institute said.
Oil Reaches $54 a Barrel on Concern Winter Will Drain Supplies
Crude oil rose close to a record on concern that refiners will lack the supplies to meet demand for heating fuel during the northern hemisphere winter.
Airlines expect to take big hit from oil prices
Investors know jet-fuel prices are killing airlines’ profits, but they will soon get an up-close view of the damage when major carriers begin reporting third-quarter earnings.
Britain’s shrinking oil and gas supplies
Higher oil prices mean more cash to British-based oil companies and extra tax for the exchequer. But as domestic supplies run dry the future will bring increased import bills for crude, petroleum products and gas, which is also running out.
Combating ‘The End of Suburbia’
The DVD The End of Suburbia “looks directly at the reality of resource depletion, encouraging us to face that squarely, while inspiring the viewer to imagine creative solutions.”
Four More Years for the Earth
With no viable plan for developing renewable energy, America will soon find itself pulled into an economic black hole as China, Japan and Europe build new economies based more on wind and solar power.
New website: SurvivingPeakOil.com
A new website SurvivingPeakOil.com has been launched with a collection of essays on practical responses to the Peak Oil crisis.
Chart watchers eye $70 peak for oil
Signals are growing that oil’s price surge could push all the way to $70 a barrel, according to the technical analysts who forecast market trends by interpreting chart patterns.
Making a meal of oil reserves
A study of the organisms that “eat” about half the world’s reserves of oil provides another intriguing contribution to understanding of the extent of global resources.
Analyst warns of Saudi oil dropoff
Saudi Arabia, the world’s safety valve for oil, may soon lose its ability to make up production shortfalls from other countries.
Saudi September Production Lower Than Estimated
Saudi Arabia produced 9.5 million barrels per day in September, about 250,000 b/d below earlier estimations, Geneva-based tanker-tracker Petrologistics said in its latest report.
