OPEC agrees to make automatic increase in oil output ceiling
OPEC hopes to put a lid on stubbornly high crude prices by adding a half million barrels a day to its targeted output.
Oil
Andrew McKillop on book publishing visit to California as Peak Oil scenario looms
Andrew McKillop is in California to promote his book, ‘THE FINAL ENERGY CRISIS,’ published by Pluto Press and the University of Michigan Press, based on an outline first invited and accepted by the publishers in June 2001.
Canada to Boost Daily Oil Output 38% by 2015, Producers Say
Canada will boost oil production 38 percent to 3.6 million barrels a day by 2015 amid higher oil- sands output, according to the nation’s oil producers.
Big Oil Protects its Interests
The oil industry has lavished more than $440 million over the past six years on politicians, political parties and lobbyists in order to protect its interests in Washington, according to a new report by the Center for Public Integrity.
‘Independence from oil’ declared
“Americans are paying the ultimate price for the oil on Ford’s hands, and today’s protest marks a tipping point in the grassroots movement for an automotive energy revolution.”
Nigeria: U.S. Offers Military Help to Protect Offshore Oil
The United States, keen to develop new sources of oil supply outside the Middle East, has offered to help Nigeria protect the flow of oil in the Gulf of Guinea and combat terrorist attacks on the oil industry, officials said.
China and Japan’s oil rivalry unavoidable
Rivalry for energy, especially oil, between China and Japan on a global scale is unavoidable. From a Japanese perspective, the emergence of a strong and prosperous China is not a pleasant thought.
Hong Kong oil tanker refuses to visit Basra due to terror threat
The crew of a Hong Kong-registered oil tanker refused to dock in the Iraqi oil terminal of Basra out of fears of terror attacks, the company that owns the ship said Tuesday.
Basic Choices and Constraints on Long-term Energy Supplies
Population growth and energy demand are exhausting the world’s fossil energy supplies,
some on the timescale of a single human lifespan. Increasingly, sharing natural resources
will require close international cooperation, peace, and security.
OPEC to Keep Grip in 2005 as Supply Lags Demand
The world’s dependence on OPEC’s oil is expected to increase again next year, supporting cartel efforts to keep prices high as robust demand growth outpaces non-OPEC output, a Reuters survey found on Monday.
Oil Kamikaze
In the past two months no fewer than a dozen people in Iraq and Saudi Arabia demonstrated in three separate incidents their willingness to die for the cause of hurting the U.S economy in what appears to be a new phase in the war on terror.
Living in the best of all possible endtimes
Economics is the game of tiddly-winks that we can afford to play only in the midst of easy, abundant energy. Energy is the Donut, economics is the Hole.
