UK oil production dropping.
Oil production in the UK has typically has a seasonal pattern, which makes it a bit of a surprise that this Feb was the worst month on the DTI’s site for oil production.
Oil
Oil Demand to Rise the Most in 16 Years, IEA Says
World oil demand will rise the most since 1988 as economic growth accelerates and consumption surges in China, said the International Energy Agency, an adviser to 26 industrialized countries on oil policy.
Dick Cheney, Peak Oil and the Final Count Down
In the April 2004 issue of the magazine the Middle East I found a statement that Vice- President Dick Cheney had made in a speech at the London Institute of Petroleum Autumn lunch in 1999 when he was Chairman of Halliburton. A key passage from his speech was: “That means by 2010 we will need on the order of an additional fifty million barrels a day.”
ASPO May newsletter
Association for the Study of Peak Oil and Gas newsletter.
Australia: Budget cash to shore up oil reserves
The Federal Government will launch a major push to find another Bass Strait-type oil reserve to combat concerns over Australia’s looming oil supply crisis as part of a wide range of giveaways in today’s federal budget.
Don’t gripe about gas prices
Oil prices, at their highest levels for more than a decade, are trending upward. Natural gas prices are going out of sight. Yet more blips in the ups and downs of fuel costs? Or, as many believe, the start of an era of ever-more-expensive energy?
Oil Hits $40, Doubts OPEC Can Fix Supply
NEW YORK/LONDON – Oil prices bounced back to 13-year peaks above $40 on Tuesday on doubts that top world exporter Saudi Arabia’s call for a rise in OPEC quotas would add much actual supply to a tight international market.
Saudi fields are vital to world’s oil supply
Saudi Arabia is considered the world’s lone indispensable oil supplier. But is it a reliable one?
Study: Cos. More Aggressive in Booking Some Oil Reserves
HOUSTON — Medium-sized energy companies have become more aggressive in booking proved undeveloped oil and gas reserves to compensate for their inability to achieve production growth, according to a report released Monday.
Russia’s unpleasant future
As soon as natural resources start running out or some alternative energy sources come up, Russia will start slipping down into a bottomless precipice and will inevitably collapse into small territories.
Saudi Oil Minister Calls on OPEC to Increase Output
Saudi Arabia’s oil minister said the Organization of Petroleum Exporting Countries should increase quotas by 6.4 percent, causing the biggest drop in crude oil prices in more than a month.
Pipe attack ‘slows Iraq oil flow’
A suspected sabotage attack on an Iraqi oil pipeline has caused a significant drop in exports, reports say.
