UK close to losing status as oil exporter
Britain came within an ace of becoming a net oil importer for the first time in 13 years in May, helping the country’s trade deficit widen unexpectedly to £3.4 billion.
Oil
Australian oil production declining fast
Latest US EIA data confirms Australian oil production dropping through the floor. Pity Prime Minister John Howard is too busy shovelling subsidies out to industry to consider responsible government.
Deep Water Covers 180B Bbls Undiscovered Oil, Gas – Study
Deep water covers 180 billion barrels of the world’s undiscovered oil and natural gas reserves, more than twice the amount yet found, Scottish energy consultants Wood Mackenzie said Wednesday.
Review: The Truth about Oil and the Looming World Energy Crisis
The booklet addresses the topic of Peak Oil in a novel and refreshing way, as a commentary on an imaginary Public Inquiry.
U.S., Saudi Ties Could Face Changes with Kerry
When John Kerry is president, decades-old ties with Saudi Arabia could be in for an overhaul as he combats terrorism and reduces U.S. dependence on Mideast oil.
Skids are Greased for Oil Crisis
When geologists speak of Hubbert’s Peak, they’re not talking mountaintops or hairdos. They’re referring to a time – maybe not so far off – when the world will run out of fertile new oilfields and new ways to recover oil, and petroleum supplies will begin an inevitable and maybe very fast slide.
The Venezuelan Referendum, Beware Jimmy Carter!
On August 14, 2004, Venezuelan voters will decide on a referendum, which has the utmost world historic and strategic significance. What is at stake is nothing less than the future of the energy world, the relations between the US and Latin America (particularly Cuba), and the political and socio-economic fate of millions of Venezuela’s urban and rural poor.
Nine reasons the peak now looks more imminent
When Richard Heinberg wrote The Party’s Over he expected that global oil production peak would most likely to fall within the window of 2006 to 2015. These days (18 months after the book was finished) he’s “more likely to say 2006 to 2010.” Here’s nine events which explain that.
Iraq admits oil output struggles to continue; comes as CPA hands over power
Iraq’s oil production is expected to remain constrained for the next one to two years by ongoing attacks against oil infrastructure, despite the US-led Coalition Provisional Authority’s (CPA) transfer of power to an interim Iraqi government, interim Prime Minister Iyad Allawi said June 28.
Suncor, Shell both announce unexpected oilsands production decreases
Two of Canada’s major oilsands producers are facing lower production targets this year due to unplanned maintenance at their huge open-pit mining operations in northern Alberta.
The Price of Oil
Every conflict since World War One has been influenced by oil in some way.
Investment firm: Report explains the Hubbert Curve and includes a projection on oil peak
Guinness Atkinson Asset Management LLC have released a report to publicise their Global Energy Fund which draws attention to the Hubbert Curve of oil production. “We believe that oil will breach the $100 per barrel level benchmark at some point in the next 15 years.”
