Nigerian Oil Delta Rebels Say ‘War’ Starts Oct 1
Nigerian rebels fighting for sovereignty of the oil-producing Niger delta told oil companies in the world’s seventh largest exporter to shut production before they begin an “all-out war” on Oct. 1.
Oil
Barreling Toward Disaster
George W. Bush, oilman that he is, has done everything in his power to help the energy industry. He’s trashed environmental regulations, given cushy tax breaks to oil companies, and gotten his Saudi pals to promise lower oil prices by the election. So why are oil prices higher than ever? None other than the Wall Street Journal is suggesting that “peak oil” may be upon us.
Indonesia: Tough decisions await Yudhoyono
The price of crude nearly doubled this year, but for Indonesians that meant nothing. A fuel subsidy scheme means the Government, not consumers, picks up the bill for the increased cost of petrol, diesel and kerosene used everywhere for cooking.
Bush Set to Open Oil Reserve Spigot
With oil near $50 a barrel, the Bush administration is set to allow oil refineries to borrow from the government’s emergency petroleum stockpile to make up for supplies disrupted by Hurricane Ivan, a congressional source briefed on the pending decision told Reuters last week.
Oil and Gas: Facing the Music Before it Stops: Hubbert and Odum
I’m glad to see the surge of interest in the coming peak of world oil production, even though the prospect is grim. Once again, people are willing to think about non-renewable resources and the consequences of an economy based on them. ….Most of the new information stems from the work of two little-known scientists, both deceased: petroleum geologist M. King Hubbert and systems ecologist Howard Odum.
Can technology help find oil fast enough? Debate over ‘peak oil’ turns on industry advances
With oil prices hitting new highs, proponents of so-called “peak oil” argue that the world may be approaching the point where production can’t keep up with demand. And innovations, like 3D, are at the center of a debate over whether technology can help replace the world’s known oil supplies before they are depleted.
China mulls oil pipelines in Myanmar, Thailand
Booming China, with its voracious appetite for oil and urgent need for oil security, is considering a China-Myanmar oil pipeline and one through Thailand. These are among 10 recent proposals on alternative strategies to secure China’s energy supplies.
Oil has peaked
For 15 years, retired geologist Colin Campbell has warned of the approaching end of the age of oil and the dire consequences for the world should that happen. Although experts hotly debate the issue, it has drawn little attention from the average consumer.
Economy restructuring and peak oil
Andrew McKillop argues that up to a point, high oil prices can stimulate economies. However, ways must be found to rapidly decrease oil demand as leaving it to the market will necessarily lead to a new ‘Great Depression’.
Oil industry faces a stark choice
Analysts at Deutsche Bank believe that, after 2008, almost half the opportunities for oil companies will be in LNG, GTL and the Venezuelan and Canadian oil sands, with deep water projects making up another quarter of the expected openings. But oil companies diverge on the need to get into such projects.
BHP Billiton could demerge oil and gas
BHP Billiton will consider spinning off its oil and gas division if the market continues to undervalue the business, according to Chip Goodyear, chief executive of the Anglo-Australian group.
China not giving up on Russian oil and gas
Russian leaders are acutely aware of the need to maintain a delicate balance between the looming giant that is China, and the pesky neighbor that is Japan.
