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.
Oil
Growing militarization of our oil dependence
While there is no doubt that global oil output will attain peak levels, the current rise in prices reflects a more worrisome phenomenon: America’s growing dependence on imported petroleum from unstable and unfriendly countries.
Oil price breaks through $54
Oil prices have surged to record highs above $54 as a fire at Nigerian export pipeline becomes the latest threat to consumers’ efforts to build winter heating fuel inventories.
Brazil, the Brightspot Dims
Brazil has been one of the countries where oil production has been constantly rising for the past 30 years. They are one of the countries taking up the slack for declines elsewhere. This field by field analysis of the biggest Brazilian deepwater fields, which is where most of the increase is coming from, shows that there is a limit to this growth in the not too distant future.
The Hundredth Monkey
Oddly enough, I’ve been cheering on a “Marxist Dictator” of late. Not that I’m a no good pinko commie red mind you… no, but I am rooting for Hugo Chavez as he’s poking the Plutocratic forces at play outside Venezuela.
Talisman Energy prepares to sharpen its drill bits
Those who believe that abundant deposits are waiting to be discovered are misguided, said Mr. Buckee, who holds a Ph.D. in astrophysics from Oxford University. “There is precious little in the world now that isn’t known about or hasn’t been tried,” he said. “I don’t think there is going to be any new Middle Easts or Saudis hanging around. There aren’t many unexplored basins.”
Union Threatens to Extend Nigeria Strike
A union leader threatened Tuesday to extend a four-day nationwide strike in Nigeria that has helped push world oil prices to record highs.
The Hundredth Monkey
Oddly enough, I’ve been cheering on a “Marxist Dictator” of late. Not that I’m a no good pinko commie red mind you… no, but I am rooting for Hugo Chavez as he’s poking the Plutocratic forces at play outside Venezuela.
Venezuelan Ambassador: Peak Oil is good for Venezuela
Venezuelan Ambassador to the United Kingdom, Alfredo Toro Hardy writes: Everything seems to indicate that Venezuela is at the end of the tunnel and about to enter into a new period of prosperity.
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.
How to Bring Down Civilisation
Derrick Jensen thinks the collapse of civilisation, be it deliberate or through oil depletion or any other means, can only be a good thing for the planet.
Venezuela raises oil drilling tax
Venezuela has announced that it is increasing the royalties paid by foreign oil companies from 1% to 16.6%.
