Fuel for thought
This article comparing costs of various automotive fuels, off-handedly notes that “global oil production has reached its peak or will peak in the next decade and then production will run downhill.”
Oil
Indonesia’s oil output may drop by 2008
Indonesia, South-east Asia’s biggest oil producer, will be unable to prevent production declining within four years without increased exploration spending to find new fields, Energy Minister Purnomo Yusgiantoro said.
Russia: BP and Rosneft Ready to Drill Sakhalin-5
The project is situated off Russia’s eastern coast and estimated to have a maximum oil and oil-condensate output of 700,000 barrels per day — similar to that of OPEC member Qatar.
Global oil capacity growth hinges on mega-projects
The smooth, prompt start-up of about a dozen big-ticket oil projects over the next 18 months is more important than ever to meeting global oil demand growth and keeping prices under control, analysts say.
Michael Moore’s Fahrenheit 9/11 Doesn’t Go Far Enough
Moore implies — correctly — that the primary motive for the war was to seize the oil fields. He does not discuss “peak oil” theory, which — if valid — does much to explain why Bush viewed this seizure as a necessity.
Iran Reacts to U.S. Power Loss
Tehran finds itself located in a very volatile region of the world, one in which powerful outside interests have as their major foreign policy objective the desire to prevent a Middle Eastern state from gaining too much power.
July 2004 ASPO newsletter is online
The Association for the Study of Peak Oil & Gas newsletter is, once again, essential reading.
Competing for Energy Resources – Part 1
If China’s economy moved forward to a level that was approximately on par with Mexico’s current economy, the world demand for oil would double.
Suspension of OPEC Quota Is an Option at Beirut Meeting
A suspension of OPEC production quotas is an option that could be discussed at a ministerial meeting of the cartel in Beirut next week, a source close to OPEC said.
Saudi oil minister Al-Naimi sees kingdom’s continued role as key supplier of last resort
Al-Naimi attempts to address concerns raised this by energy investment banker, Matthew Simmons about his country’s remaining oil reserves.
“Let’s accelerate and stay ahead of oil’s peak”
Let me introduce you to a kook. In 1956, when U.S. oil wells were spouting like so many Old Faithfuls, a geophysicist named Marion King Hubbert thought he was the prophet Teiresias.
Kazakhstan wants stake in oil field
Kazakhstan is determined to take a stake in the country’s Kashagan oil field, signaling that there might be further turmoil in the development of the world’s largest oil find in more than three decades, according to the country’s top energy official.
