January, 2006
1/31: Eating
Local For The Winter: (Burlington Free Press) - Thankfully
Bill McKibben doesn't depend on coffee or tea to begin his day.
If he did, the environmental writer and Middlebury College
scholar-in-residence might have had a more challenging time
surviving for seven months almost entirely on foods grown within a
few dozen miles of his Ripton home.
1/31: OPEC
Keeps Crude Output Ceiling Unchanged at 28M b/d: (FWN
Financial News, via Rigzone) - OPEC ministers agreed Tuesday to
keep their crude oil output ceiling unchanged at 28 million
barrels a day, near maximum capacity, amid sky-high oil
prices and geopolitical tension.
1/30: Energy
Supply Fears Haunt Economic Outlook: (Reuters via yahoo!) -
The shadow of disruptions to energy flows crept across an otherwise
sanguine week's meeting of executives and world leaders at the World
Economic Forum. The international dispute over Iran's nuclear
ambitions, militant attacks on oil facilities in Nigeria and
Russia's gas disputes with its neighbors have raised the profile of
energy supply security this month.
1/30: Squeezing
The Last Drop of Oil: (BusinessWeek online) - Companies used to leave plenty of oil within wells and move on. Now technology is allowing adventurous outfits to get at what was once inaccessible.
1/29: ConocoPhillips,
BP To Invest Millions in Alaska Project: (Alaska
Journal) - With oil prices high and gas pipeline negotiations
apparently in a final stage, North Slope oil producers are in a
buoyant mood. ConocoPhillips Alaska Inc. says it will be
spending $1 billion on new oil satellite fields near the Alpine oil
field in the next three years, and recently completed a $500 million
expansion of its West Sak viscous oil project in the Kuparuk River
field
1/27: EU
Energy Chief say Europe Must Cut Consumption: (Reuters) -
Europe's biggest challenge if it wants to reduce future dependency
on external energy supplies is to cut oil consumption for transport
1/28: Study
gives mixed review of ethynol: (San Jose Mercury News)
- A new study claims to settle a decades-long dispute over the use
of ethanol as a motor fuel, saying it can reduce dependence on
foreign oil but does not yet provide significant environmental
benefits.
1/26: Repsol
Announces 25% Reserve Cuts: (Financial Times) - Shares
in Repsol YPF were suspended on Thursday as the Spanish oil and
gas group revealed it would have to revise down proven reserves
equivalent to 25 per cent of its total.
1/26: The
Great Alberta Oil Rush: (BBC News) - Alberta is
experiencing a huge and expensive oil rush, and Fort McMurray is at
the centre of it.
1/26: Energy
GAP - Crisis For Humanity?: (BBC News) - It
is perhaps too early to talk of an energy "crisis".
But take your pick from terms like "serious concern" and
"major issue" and you will not be far from the positions
which analysts are increasingly adopting.
1/22: Oil
Reserves Report "Not Accurate: (Gulf Daily News) - A
senior Kuwaiti oil official has cast doubt on the accuracy of a
report by industry newsletter Petroleum Intelligence Weekly (PIW)
that the Opec producer's oil reserves are only half those officially
stated.
1/20: What
They Don't Want You To Know About The Coming Oil Crisis:
(The Independent) - Soaring fuel prices, rumours of winter
power cuts, panic over the gas supply from Russia, abrupt changes to
forecasts of crude output... Is something sinister goin gon?
Yes, says former oil man Jeremy Leggett, and it's time to face the
fact that the supplies we so depend on are going to run out.
1/19: Viewpoint:
Iran's 'Inalienable Right' To Nuclear Energy: (Middle East
Times) - Iran has an "inalienable right" to use nuclear
energy for peaceful purposes such as the production of electric
energy, and the enrichment of uranium for its nuclear reactors.
Could it be that Iran's plan for an oil exchange trading in Euros is
the real issue? Or is it Israel?
1/19: US
Won't Run Out Of Fuel If Iran Flow Stops: (Rigzone) - The
chief economist of the largest oil trade industry group in the U.S.
said Thursday he didn't expect the country to suffer prolonged
gasoline shortages if Iranian oil exports were halted as long as the
federal government does not attempt to control prices.
"In all likelihood it will be a tight market," said John
Felmy of the American Petroleum Institute. "But as long as the
market system is allowed to work we will have price adjustments that
allocate scarce supplies," he told reporters at a briefing,
"I would not expect to see shortages." Oil prices have
soared in recent days, threatening to surpass the record high of
$70.85 amid mounting tensions between Iran and the U.S. and European
allies over Iran's resumption of its nuclear program.
1/15: Oil
Crash,
(Website) - This new documentary about Peak Oil has been
selected for screening at the South by Southwest Festival (www.sxsw.com
) in Austin, TX. The festival takes place from March 10 - 19,
2006. A press conference, details of which will be communicated
later, will be held during the festival. In this compelling
and highly entertaining documentary, OilCrash, Producers/Directors
Basil Gelpke and Ray McCormack together with Reto Caduff explain why
the imminent peak in oil production will present the world with the
most dire and immediate repercussions. OilCrash is the story of how
our civilization as we know it, is on a collision course with
geology.
1/12: The
Peak Oil Crisis: New years 2006: (Energy Bulletin) - It's a
good time to review -- looking backwards at what we learned in 2005
and forward at what might be in store for 2006.
1/10: GreenPower
Partners: Top 25 Partners: (U.S. EPA) - a list of the
Top 25 Partners in the Green Power Partnership. Top 25 Partners
are Partners whose annual green power purchase is the largest,
and whose green power purchase has been completed.
1/06: BBC
Radio's "Farming Today" on energy depletion, alternative
fuels and food security: (BBC) -- BBC Radio's daily "Farming
Today" report on Friday 6th January 2006 begins with, There
are seven and a half million people in the greater London area. They
all need feeding. But what would happen if the oil ran out?"
December, 2005
12/15: Oil
Apocalypse: Six months ago, an analyst group made up
of former top-level U.S. government officials calculated a global
oil scenario beginning RIGHT NOW, December of
2005...
12/01: Deffeyes:
The Peak of World Oil Production: Thanksgiving Day, 2005: (Global
Public Media) - Lecture in streaming audio -- Kenneth Deffeyes'
December 1, 2005 Lauritsen Lecture at the California Institute of
Technology, entitled "The Peak of World Oil Production:
Thanksgiving Day 2005" (length 1 hour 16 min). Excellent
overview of the issue.
8/2005: The
Impact of Oil On Our Future:
(OptionsTradingLessons.com) - The high price of oil is
going to make the price of producing goods and services more
expensive. Guess who will assume the burden of that
increase? Us! When it becomes expensive to borrow
money, firms usually cut back on growth. With pressure on
prices these very firms will have to increase the price of their
goods and services. As prices go up, demand will start to
fall and to stay profitable those firms will start cutting
staff.