February, 2006
2/28: Peak
Oil Perplexities Test the Nerves of Major Oil Companies:
(Resource Investor) - ‘Peak oil’ has well and truly grabbed
the oil agenda if latest figures and pronouncements are anything
to go by. Whether major oil companies, state or private, like it
or not, peak oil cannot be ignored. The subject, ridiculed just
three years ago, now sits center stage.
2/28: Ted
Koppel: Will Fight For Oil: (FiveZeroFive.com) - Ted
Koppel, the former Nightline host, writes a piece for the New
York Times Op-Ed section. It's intent? Basically to say that the
reason for invading Iraq was for oil. Everyone's been thinking
it, Koppel is just one of the first to write his feelings about
it so openly in the New York Times.
2/26: OSU's
Fuel Maker a Natural: (Register Guard) - A new invention
by an Oregon State University engineer offers an intriguing peek
at what for some could be do-it-yourself fuel, thanks to a tiny
chemical reactor that can turn vegetable oil and alcohol into
biodiesel. The microreactor - a single unit is about the size of
half a credit card and twice as thick. "This could be
as important an invention as the mouse for your PC. If
we're successful with this, nobody will ever make biodiesel any
other way."
2/26: 2005
Great Year For Wind Power: (European Tribune) - 2005 has
been a record year in both the USA and in Canada, with the USA
becoming the largest market this year.
2/21: Bah
Hummer: (Austin 360) - Indie
Rockers reject big money from the king of gas guzzlers.
2/28: High
Oil Prices Seen Sustained Over Long Term - EIA Chief:
(Dow Jones News) - "Relatively high prices are going to be
with us for a long time," EIA Administrator Guy Caruso said
in a speech to a meeting hosted by Lukens Energy Group, an
energy consulting firm. The EIA is the statistical wing of the
U.S. Department of Energy.
2/28: OPEC
President, US Energy Sec to Discuss World Oil Supplies Wednesday:
(Dow Jones News) - OPEC President Edmund Daukoru, also Nigeria's
Minister of State for petroleum resources, is scheduled to meet
with U.S. Energy Secretary Samuel Bodman on Wednesday afternoon
to discuss global oil supplies. Daukoru's trip to
Washington comes a week before the OPEC meets March 8 in Vienna
.
2/27: Oil
expert: Output downhill from here: (The Oregonian) -
Author Ken Deffeyes thinks the depletion of fossil fuels could
lead to a worldwide cataclysm. Interview with the author.
2/27: Letters:
The Ethynol Debate: (CNN/Money) - After the publication
of "How
to Beat the High Cost of Gasoline --Forever," Fortune
and CNNMoney received hundreds of e-mails from readers. Many
scolded [them] for not explaining what they believe to be a fact
-- that ethanol consumes far more energy than it produces. But
the experts we spoke to don't buy into that argument.
2/27: Nitrogen
Fertilizer Tool Part of USDA Energy Strategy: (AgConnection)
- Nitrogen fertilizer is one of the largest indirect uses of
energy on an agricultural operation. Fertilizer accounts for 29
percent of agriculture's energy use, according to USDA research
data.
2/27:
2/27: A
Shell of itself: (Fortune / CNN) - Judging by the $23
billion it earned last year, these should be the best of times
for Shell, the Anglo-Dutch energy giant that ranks third among
the top five Western oil companies. But Wall Street isn't
celebrating. Instead, analysts are worried that buried beneath
the record profit figures are worrying signs of a business in
decline. A look at its reserves show Royal Dutch Shell may
soon be running on empty.
2/27: Energy
Minister Attacks 4x4 owners: (The Guardian) - The energy
minister, Malcolm Wicks, said today he wants to move against the
"crass irresponsibility" of drivers of petrol-guzzling
4x4 vehicles.
2/27: Alberta's
record energy revenues push surplus to whopping $7.4 billion:
(Yahoo! Canada) - Alberta's energy boom continues to paint the province the
color of money, pushing it toward a record budget surplus of $7.4 billion, according to a third-quarter fiscal update. The report shows the province is expected to rake in $14.3 billion in energy revenues in 2005-06, another record that reflects the global surge in oil and natural gas prices.
2/27: Shell
Suspends Oilsands Production Due to Large Tear in Conveyor Belt:
(Canadian Press) - Shell Canada Ltd. has suspended bitumen
production at its Muskeg River Mine oilsands operation in
northern Alberta to do unscheduled maintenance on a large
conveyor belt that broke early Friday. The belt, the largest in
the world, transports ore from the crushers to the storage silo
at the mine north of Fort McMurray, Alta.
2/27: Arab
Countries Seen Putting $70 Billion In Energy Projects:
(Dow) - Arab oil producing countries are expected to invest $60
billion to $70 billion in energy projects by 2010 that could
boost crude oil production capacity by about 6 million barrels a
day, the Organization of Arab Petroleum Exporting Countries
said.
2/27: Turn
Up The Juice: (Forbes) - The number crunchers at French
consultant Capgemini have been totting up population forecasts,
joules and kilowatt hours in its China Electricity Market 2006
study, and come 2020, it turns out the dragon's going to need a
lot more juice. A scale-raising 1,230 gigawatts of power, 29%
more than the 950 gigawatts currently planned, to be precise.
2/27: Peak
Oil Review: (ASPO) - Periodic summary of events and
analysis from the Association for the Study of Peak Oil and Gas,
USA.
2/24: Planet
Population to Hit 6-1/2 Billion Saturday: (LiveScience)
- On Saturday, Feb. 25, at 7:16 p.m. Eastern Standard Time, the
population here on this good Earth is projected to hit 6.5
billion people. And mark this on your calendar: Some
six years from now, on Oct. 18, 2012 at 4:36 p.m. Eastern
Daylight Time, the Earth will be home to 7 billion folks.
2/24: Nigerian
Court Orders Shell to Pay $1.5 Billion to Ijaw: (Rigzone)
- A Nigerian court on Friday ordered Shell to pay $1.5 billion
in compensation to Ijaw communities in the Niger Delta where
Shell has oil facilities.
2/24: Mauritania
Starts Pumping Oil: (TurkishPress) - Mauritania started
pumping crude oil at its Chinguetti offshore oilfields in the
Atlantic Ocean, making it Africa's newest oil producer, the
national oil company Societe Mauritanienne des Hydrocarbures (SMH)
announced.
2/24: Flexible
Fuel Electric [Plug-In] Hybrids: (EV World) - The 9kWh
Lithium-ion pack provides enough energy to propel the car at
freeway speeds for about 60 miles or so -- a really exciting
improvement. At that point, the car returns to normal hybrid
operation, running the gasoline engine for most of the time and
getting about 50 mpg.
2/24: Here
Comes Lunar Power: (BusinessWeek, March 6th issue) -
It's not on Bush's alternative energy agenda yet, but
moon-driven tides, ocean currents, and waves generate more oomph
than wind and are more consistent than solar.
2/23: Caution:
Gas pinch ahead:
(Houston Chronicle) - Federal energy forecasters warned
Wednesday that gas supplies in Houston and the Dallas-Fort Worth
area as well as cities along the East Coast could be disrupted
as refiners try to keep up with the demand during the busy
summer driving season. That's because refiners are switching
away from the fuel additive methyl tertiary butyl ether —
better known as MTBE — to using corn-based ethanol —
[and it] is fraught with logistical woes.
2/22: Making
a Sustainable City: (Southwest Journal Online) -
As Mayor R.T. Rybak begins his second term, he is seizing what
he calls a golden opportunity to move Minneapolis to the top of
the list of the nation's most sustainable cities.
2/22: The
Long Road To Fuel Efficiency: (Businessweek) - The U.S.
Energy Deptartment's FreedomCAR program has seen mixed results
trying to reduce oil dependence. But its manager sees a
bright future.
2/22: Petroecuador
halts oil exports after pipeline shut: (Reuters) -
Ecuador's state oil firm Petroecuador on Monday declared force
majeure and suspended its crude exports after a violent protest
in Napo province forced it to shut down its key SOTE oil
pipeline. Petroecuador's halt on its exports, averaging
144,000 barrels per day (bpd), would go into effect early
Tuesday following the closure of its 400,000 bpd Trans-Ecuadorean
pipeline after protesters stormed a pumping station to demand
more state resources for the poor amazonian province.
2/22: Surging
Energy Costs Push Inflation Up: (AP News) - Consumer
prices shot up in January at the fastest pace in four months as
the cost of gasoline and electricity posted big gains.
2/21: Norway
Firm Plans World's Biggest Wind Park:
(Planet Ark) - A Norwegian firm has applied for a
concession for the world's biggest wind power development off
western Norway with total capacity of 1,500 megawatts produced
by hundreds of turbines, it said on Monday.
2/21: Venturing
Off The Grid: (San Francisco Chronicle) - Innovative families save money, gain power with solar, propane, other energy sources.
While most Humboldt County residents were reeling from power
outages left by devastating rains, Parkinson had electricity to
spare. She cooked a feast for a dozen people, took hot showers
and threw video-game parties for her 15-year-old son's
classmates.
2/20: Bush:
U.S. on Verge of Energy Breakthrough: (AP Newswire) -
Saying the nation is on the verge of technological breakthroughs
that would "startle" most Americans, President Bush on
Monday outlined his energy proposals to help wean the country
off foreign oil.
2/20: Utilities
offer rewards on energy use: (Baltimore Sun) -
Incentives and rewards programs from utility companies around
the country are leading to a marked reduction in energy use in
many communities.
2/19: Schlesinger
On Energy: (Washington Post) - "The inability
readily to expand the supply of oil, given rising demand, will
in the future impose a severe economic shock. Inevitably, such a
shock will cause political unrest -- and could impact political
systems."
2/18: Energy
Roundtable: (Financial Sense Newshour) - Audio
recording of a roundtable discussion about peak oil, hosted
by Jim Puplava, with Richard Heinburg and James Howard
Kunstler. (approx 1 hour.)
2/18: What
Peak Oil means To Every American: (Arizona Daily
Sun - OpEd) - Rep. Tom Udall, D-N.M OpEd representing his
views on the reality of oil depletion and potential
conseuquences.
2/18: Nigeria
suspends 380,000 bpd oil exports after attack:
(Reuters) - Royal Dutch Shell suspended exports from
the 380,000 barrel-a-day Forcados terminal on Saturday
after militants bombed the tanker loading platform, a
senior oil industry source said. The company is still
trying to ascertain the damage to the platform, which is
located three miles offshore, but has already begun
shutting oilfields in the area which feed the terminal, the
source added.
2/17: All
the President's Tech Initiatives: (CIO
Today) - The president announced [in the State of the Union
address] the Advanced Energy Initiative, a plan that he
said would yield a 22 percent increase in clean-energy
research and reduce oil imports from the Middle East by 75
percent. The plan also seeks breakthroughs in the ways in
which Americans power their homes and offices, and promises
more investment in solar and wind power, nuclear energy,
and zero-emission, coal-fueled plants.
2/17: OPEC
Train Wreck! Commentary: Riding The Rails To $100 Oil:
(MarketWatch) - Many analysts, including yours truly,
believe that the OPEC ministers will tighten production and
drastically cut into supply at the next meeting. Gone are
the days of easy cheap oil. They've been replaced by
strained relations, war, and geopolitical worries over
nuclear development, among other things.
2/17: Chavez Warns U.S. on Oil
Exports: (Washington Post) - Venezuelan President Hugo
Chavez warned on Friday he could cut off oil exports to the
United States if Washington goes "over the line"
in what he has said are attempts to destabilize his
left-leaning government.
2/17: Nigeria
Oil 'Total War' Warning: (BBC News) - A Nigerian
militant commander in the oil-rich southern Niger Delta has
told the BBC his group is declaring "total war"
on all foreign oil interests. The Movement for the
Emancipation of the Niger Delta has given oil companies and
their employees until midnight on Friday night to leave the
region.
2/17: 'Thousands
May Lose Jobs As Cost of Energy Soars':
(RedOrbit) - The leader of one of Wales' biggest trade unions
has warned the 'lights could go out' and employers be forced to
shed thousands of jobs because of a mounting energy
crisis. (Could this happen at home?)
2/17: Cantarell
-- An Omen?: (Falls Curch News Press) - There are a lot of bad things out there waiting to bite as the world moves towards peak oil— Iran, Iraq, Nigeria, Venezuela, China, globalization, and hurricanes to name a few. Last week a new bogeyman arose — super fast oil depletion.
The Cantarell Field in Mexico, second largest producing oil
field in the world, is now depleting.
2/16: Japanese
Putting All Their Energy Into Saving Fuel:
(Washington Post) - The government has set strict new
energy-saving targets for 18 kinds of consumer and business
electronics. Home and office air conditioners, for
instance, must be redesigned to use 63 percent less power
by 2008. The targets have sparked a gold rush among
electronics makers, who are churning out record numbers of
energy-saving -- but higher-priced -- consumer products.
21% of all autos on Japanese roads are hybrid.
2/16: End
of the Fossil Era? Matt Simmons: (Harvard
University Gazette) - Simmons said it's unlikely that the
world will actually run out of oil, it's entirely possible
that, contrary to assurances from the industry, we've
already entered a period of peak production. That sets up a
tug-of-war over limited resources between rapidly
industrializing China and India and the continued demand
increases in the West.
2/16: Shortages
Fuel Debate on Gas: (Northwest Herald) - There is no
single solution to offsetting supply disruptions, but
economists, industry executives and analysts tout one means to
ease future shortages against increasing demand. "If
we don't have LNG in a big way, our marketable source of fuel is
going to be, like, burning furniture, which is only joking
partly," said Bob Ineson Cambridge Energy Research
Associates' director for North American natural gas.
"Without LNG, you are going to have gas shortages, sooner
rather than later, and the price situation after hurricanes
would grow to be far worse than it is."
2/16: Shedding
Light on Solar Cooking:
(San Antonio Express News) - One morning in the spring of
2003, Dell View resident Monica Salyer woke up with the words
"solar cooking" on her mind. Salyer logged onto
the Internet and typed the phrase into her search engine. After
a bit of research, she purchased a $189 box cooker. "It's
easy, easy, easy," the software engineer for Harcourt
Assessment said. "You keep your energy. You preserve the
planet."
2/16: Spiraling
Energy Prices 'Boost' Cost Of Living: (DeHavilland News)
- [Sing of things to come?] Soaring energy costs are
placing a burden on industry and having a detrimental effect on
the cost of living for British households. A report by
analyst Datamonitor warns that consumers in Britain not only
face gas and electricity bill hikes, but also increases in the
cost of train tickets, council tax, groceries and hotel bills.
2/15: Africa's
Key Role in Oil and Gas: (Rigzone) - -- An influential
energy consultancy says Africa will account for 30 percent of
the world's liquid hydrocarbon production increase by
2010. Colorado-based IHS Inc. also said Monday that Africa
would supply more than 25 percent of global liquid natural gas
capacity by 2010.
2/15: AirGen
Tests Ambient Temperature On-Demand Hydrogen Generator:
(EV World) - Breakthrough involves novel
colloidal metal catalysis reactions that generate ambient
temperature on-demand hydrogen. Bench test demonstrator
continues to run after more than 384 hours of continuous
operation.
2/15: Exxon
Mobil Announces Reserves Replacement: (Rigzone) - Exxon
Mobil Corporation (NYSE:XOM) announced today that additions to
its worldwide proved oil and gas reserves totaled 1.7 billion
oil-equivalent barrels in 2005, excluding the effects of using
single-day, year-end pricing. Production totaled 1.5 billion
oil-equivalent barrels in 2005, with 917 million barrels of
liquids and 3.7 trillion cubic feet of gas produced. The
corporation replaced 112 percent of production including
property sales, and 129 percent excluding property sales.
2/15: Saskatchewan
Premier Calvert Talks Energy with US VP Cheney:
(Rigzone) - Saskatchewan is eager to share some of the spotlight
with Alberta when it comes to feeding an insatiable thirst for
energy in the United States.
2/15: GE
Renewables Unit Gets a Favorable Wind: (International
herald Tribune) - When President George W. Bush called last month for more effort in alternative energies, the 300 engineers and financiers at GE Energy Financial Services, a business that last year attracted about $7 billion in investment in the United States, were cheering.
"The renewables space has really heated up, and I hope it will account for 20 or 30 percent of our investments in five years," said Alex Urquhart, the unit's president."
2/15: OPEC
Lowers '06 Outlook on Oil Demand: (CNN/Money Online) -
OPEC trimmed its forecast for 2006 oil demand growth Wednesday
and said uncertainties over consumption in Asia and North
America may trigger more cuts as months of near-record prices
make themselves felt. OPEC, supplier of more than a third
of the world's oil, said in its monthly report it expects global
demand to increase 1.57 million barrels per day (bpd) to 84.64
million. That compares with a projected 1.62 million bpd
increase in OPEC's January report.
2/14: One
man’s efforts to prepare for the Peak.: (Transition
Culture) - Kicking Our Fossil Fuel Addiction: one man’s
efforts to live sustainably - by John Watson
2/14: Buckle
Up: The (Plug-In) Hybrids are Coming:
(Energy Biz Insider) - Palo Alto-based Electric Power Research
Institute, which is working on development of the plug-in hybrid
along with Daimler-Chrysler, says that the price to run such
vehicles is 75-cents a gas-equivalent gallon.
2/14: OPEC
Output Down 120,000 bpd in January: (Rigzone) - Overall
crude production by oil cartel OPEC fell again in January,
dropping by 120,000 barrels per day to 29.68 million barrels per
day (mil b/d) from December's 29.8-mil b/d, a Platts survey of
OPEC and oil industry officials showed February 13. (5-month
Chart)
2/14: Mideast to
Dominate Petroleum Products Export Market:
(Financial Times) - Europe and the US will become
increasingly dependent on the Middle East as an exporter of
refined petroleum products over the next 10 years, according to
data published on Tuesday. Aggressive investment in
expanding and building new refineries is forecast to boost
capacity in the Middle East by 60 per cent, according to the
study published by Wood Mackenzie.
2/13: Acciona
to invest 220 mln eur in 64 MW solar plant in the US:
(Forbes.com) - MADRID (AFX) - Acciona
SA said it will invest 220 mln eur in the construction of a 64
MW solar-powered plant in the US state of Nevada.
In a statement, Acciona said the 'Nevada Solar One' plant will
be operating by 2007 and is the largest to be built worldwide
for 15 years
2/13: Experts
assess impact of China's oil needs:
(BangorDaily News) - In 1993, there were just 700,000 passenger
cars in the entire country of China. By 2003, there were 5
million. In 2005, Chinese companies sold 5 million [more] new
passenger cars and its 2006 production capacity is now estimated
at 8 million new cars. The increased use of passenger cars
in China is just one factor that has made the country the second
largest consumer of energy in the world behind the United
States.
2/12: The
Iran crisis & global peak oil: (EV World Blog, by
Charles Whalen) - "... my biggest worry in the meantime, and specifically this year, is that I think there's a better than even chance that the US and/or Israel is/are going to launch an aerial bombing campaign with air strikes and cruise missiles on Iran's nuclear facilities sometime this year. If (or rather *when*) that happens, we're going to see oil at over $300 and gasoline over $10 at the pump."
2/11: Energy focus
for G8's Moscow meet: (BBC News) - As energy
importers, most of the G8 members are alarmed by the way
oil and gas prices have been sent rocketing by record
demand and political instability in places such as Iraq,
Iran and Nigeria. They have seen rising fuel prices
stoke inflation, pushing up business costs and dampening
consumer spending.
2/10: Pioneers
Look To Solar Future: (BBC News) - "It feels very
good," says Lynn Stevenson. "We like it; it's like
we're in control and managing something." The
"something" they are in control of sits on the roof
above our heads; a swathe of solar panels, book-ended by two
small wind turbines on six- metre (yard) poles.
2/10: Who
Needs More Coal?: (TomPaine.com) - Opinion by
Amory B. Lovins, Chief Executive Officer of the Rocky
Mountain Institute and a consultant experimental
physicist educated at Harvard and Oxford. "Coal-fired
power plants generate half of U.S. electricity. Yet
mountaintop removal, smokestack pollution, and global
warming aren't inevitable; they're artifacts of using
electricity in ways that waste money."
2/10: Mexico's
Oil Output May Decline Sharply: (Wall Street
Journal) - Mexico's huge state-owned oil company may be
facing a steep decline in output that would further tighten
global oil supply and add to global woes over high oil
prices. (Subscription required for full article.)
2/10: 4
Countries, 31 Litres For New Micra Diesel: (motoring.co.nz)
- A diesel-engined Nissan Micra, due for its official launch in
South Africa in March, has been driven all the way from
Botswana's capital Gaborone to Maputo in Mozambique on way less
than a tank of fuel. When the car was topped up in Maputo
it took 31 litres – giving a fuel consumption figure for the
963km run through four countries, at an average speed of 81km/h,
of 3.3 litres/100km.
2/09: The
Hard truth About Oil: (Fortune/Money/CNN) - No
matter what the president says, conservation is America's only
route to energy independence. The only way we're ever
going to be able to boost oil supplies here at home is through
conservation, and that's something the government is going to
have push aggressively, at least until technological advances
like cellulosic ethanol, hydrogen and other alternative energy
forms become available.
2/08: World''s
First Commercial Cellulosic Ethanol Plant: (Agriculture
Online) - Opening of the world's first commercial cellulosic
ethanol plant is slated for this fall in northern Spain, even
though costs of producing alcohol fuel via the emerging
technology are still estimated to be about 50%-100% higher than
that for plants which use grain as a feedstock.
2/08: Natural
gas Has Eight Years Left: (The Republic) - The
University of Calgary’s Geology Department played host to a
presentation given by Dave Hughes: “The Coming Energy
Sustainability Crisis: Alternatives to Oil, Implications of
Demand Growth and the Way Forward.” Hughes is a
full-time employee at Natural Resources Canada. He spends much
of his time delving into North America’s energy situation,
heavily focusing on the natural gas component.
2/08: Peak
oil in the U.S. Congress: (House transcript) - Speech to
the U.S. Congress by Congressman Roscoe Bartlett (R-MD),
referencing the Hirsch Report.
2/08: EU
To Boost Use of Green Energy Sources: (AP) - The
European Union on Wednesday proposed boosting the production of
alternative fuels like biodiesel and ethanol through additional
aid and investment, aimed at reducing Europe's heavy dependence
on polluting oil and natural gas, but acknowledged it would be a
challenge to make biofuels viable.
2/08: Sweden
Plans To Be World's First Oil-Free Economy: (Guardian
Unlimited) - Sweden is to take the biggest energy step of any
advanced western economy by trying to wean itself off oil
completely within 15 years - without building a new generation
of nuclear power stations.
2/08: The
Next Conservative Energy Policy:
(National Ledger) - By Congressman Roscoe Bartlett --
President George W. Bush was half right and half wrong
about oil in his State of the Union speech. "America
is addicted to oil, which is often imported from unstable
parts of the world," he said. However, we can't
"break this addiction through technology" alone.
Two words conservatives should champion were missing from
his speech: conservation and efficiency.
2/07: Will
Iran dispute push oil to $130?: (CNNMoney.com) -
Not a drop of oil from Iran reaches the nation's gas pumps.
But escalating tensions about Iran's nuclear program are
already being felt in oil and gas prices in the United
States.
2/07: ExxonMobil
Sees 50% Increase in Energy Demand: (MenaFN.com) -
Scott Nauman, ExxonMobil's corporate planning manager,
highlighted that his company expects an increase of about
50 percent in global energy demand, reaching close to 335
million barrels per day within 25 years.
2/07: Oil
Falls as Concern Eases Iran Will Soon Cut off Crude Exports:
(Bloomberg) - Crude oil declined for a second day as concern
eased that Iran, the world's fourth-largest producer, would cut
off its exports. Expectations the U.S. will report its supply of
crude increased last week helped to lower prices.
2/07: Sunoco
agrees to pay $325,000 to settle price-gouging suit:
(NorthJersey.com) - Sunoco Inc. on Monday became the second
major oil company to settle state charges of gasoline price
gouging last summer, agreeing to pay $325,000 without admitting
guilt.
2/07: Saudi
nervous that U.S. doesn't want its oil: (Reuters via
Yahoo!) - Saudi Arabia, the world's top oil exporter, will
continue to bolster its output capacity to quell global
shortages, but has "concerns" about the Bush
administration's call to cut its addiction to Middle East oil,
the kingdom's petroleum minister said on Tuesday.
2/06: Peak
Oil: Former WH official admits SOTU Energy comments were about
Peak Oil: (Daily Kos re: Hardball w/Chris
Matthews) - The world is producing oil, the Middle East,
every country at its full capacity and it's very unlikely
that we're going to be able to see supply in the world grow from
the levels where we are right now." - Former Commerce
Secretary Don Evans
2/06: Citigroup
raises 2006 oil futures forecast: (CNNMoney.com) -
Investment bank sees average price at $60 a barrel, up from
$51, on lack of spare production and supply woes.
2/06: Peak
Oil: Big Guns Want Reserve Accounting Change: (Rigzone)
- Oil companies want to change reserve accounting rules raising
questions about the timing with regards to peak oil...
2/06: Oil
Prices: The New Reality:
(BusinessWeek Online) - Futures traders are
already assuming sky-high prices are here to stay.
Everyone knows it: oil prices have gone through the roof. The
price of benchmark crude rose 11% this year alone, to about $67
per barrel, before pulling back a little...
2/05: Farmers
Try To Limit Pain Of High Fuel Prices: (Argus Leader) -
"The direct cost of getting corn in the ground, I think
we're talking about a 7 or 8 percent increase over last
year," said Don Guthmiller, South Dakota State University
cooperative extension marketing and farm management specialist.
"The bulk of that increase is in the
fertilizer." "The interruption in natural gas
supply drove up the price. [sic] A lot of production was
shut down between Canada and the U.S. when natural gas got so
high."
2/05: North
Sea production slump casts doubt on government figures:
(Scotland's Sunday Herald) - A marked downturn in North Sea oil
production means that the UK will become a net importer of oil at
least three years earlier than the government anticipates, according
to new figures from the Royal Bank of Scotland...
2/05: Preparing
For A Life After Fossil Fuels: (The Sydney Morning
Herald) - Does Australia's fledgling biofuels industry have a
future?
2/04: The
end of denial on oil imports: (The Oregonian) - Addicts
seeking sobriety know that recovery is a long journey that
begins with a single step. And that first step is to admit they
are powerless over an addiction that has made their lives
unmanageable. President Bush took that step this week,
using his State of the Union address to describe the nation as
"addicted to oil" and in need of recovery.
2/04: ASPO
February 2006 Newsletter: (Association for the Study of
Peak Oil) - This month's newsletter covers Kuwait admitting to
Exaggerating its Reserves, Europe faces first phase of its
Energy Crisis, Aviation Fuel, USGS Update, The New Dinosaurs,
Norway Re-visited, . ASPO-5 Conference in July, New
Depletion Study by German Government Agency, Australian Senate
Inquiry into Peak Oil, Shell follows Chevron’s lead in
admitting to Peak Oil in as many words, What they don’t want
us to know about the coming oil crisis, and other topics.
2/03: A
Vision For Meeting Energy Needs Beyond Oil: (The Financial
Express) - ON top of concerns about high oil prices now comes the
fear that we have reached "peak oil" and that global oil
output will start to decline. Have we? If oil has peaked, do we face
a future of growing energy shortages, rising prices and
international conflict for supplies?
2/03: Buildup
to A New Peak For Oil?: (The Australasian
Investment Review) - If supply is affected, real panic can set
in. Supply disruptions mean actual shortages that have immediate
effect on everything from workers getting to work to factories
being able to operate, [and transport systems being able to
function.] Naturally, the price responds, but whereas increased
demand forces a general consideration of alternative fuels or
lifestyle choices, loss of supply causes fear.
2/03: Shell President Forced to
Address 'Peak Oil' Theory: (Resource Investor) - Shell
announced their record profits at two press conferences this
week. The first in Hague in Holland and the second later in the
same day in their London centre. The London conferences were
attended by Chief Executive Jeroen van der Veer and Chief
Financial Officer Peter Voser. Then they were asked some
difficult questions.
2/02: British
Fuel Rationing Threatens US - London Flights: (USA
Today) - A Dec. 11 explosion and fire at Buncefield, one of
Britain's biggest fuel depots, has reduced jet fuel supplies to
Heathrow. U.S. airlines are chafing under the added costs
of a jet fuel shortage at London Heathrow airport, and travelers
to Great Britain may face fewer flight options as a result.
2/02: Technology
Won't Solve America's Oil Addiction, Experts Say (oilposter
via PRWEB) - America’s dependence on oil took center stage
Tuesday in President Bush’s State of the Union address, in which
he declared “America is addicted to oil,” but a growing number
of experts now say that technology alone won’t wean the country
from it's oil addiction. The root cause of our dependency, they say,
is a more intractable problem -- the depletion of finite global oil
resources -- and that any solution will require massive conservation
efforts in addition to developing alternative energy sources.
2/02: What
Peak Oil means To Every American: (Tidepool) - A message
from Congressman Tom Udall, a senior member of the House
Resources Committee. His web site is
tomudall.house.gov.
2/02: Hybrids'
dangerous drawback: (San Jose Mercury News) - It was during
her first trip out of the driveway on a warm August morning that
Sant'Anna learned about one of the dangerous drawbacks of driving a
hybrid: It's so quiet that pedestrians can't hear it when it's
starting up or idling, and they often walk right into the path of
the moving vehicle.
2/02: Bush's
plan to wean US off imported oil: ambitious enough?:
(Christian Science Monitor) - Parts of Mr. Bush's "Advanced
Energy Initiative" - including a fresh focus on cellulosic
ethanol research and attention to battery technology and plug-in
hybrid cars - won plaudits from some energy experts. Others called
the plan "misleading" for lumping proposals for
electricity generation with initiatives to save oil.
2/02: Oil
Profits, Prices Scrutinized: (Houston Chronicle) - The
chairman of the Senate Judiciary Committee said Wednesday that
Congress would attempt to address growing concerns about rising
fuel prices and soaring oil industry profits.
2/02: Asia's
Energy Thirst Will Stretch Refiners: (International herald
Tribune) - Asian demand for gasoline and other petroleum products is likely to outstrip refining capacity for the rest of the decade, even as new plants start up in countries like China, Caltex Australia said Thursday.
2/02: Bush hits the road to take a green message to his nation of oil addicts:
(Guardian Unlimited) - President George Bush yesterday began a
three-day tour on a new-found mission to break his country's
addiction to oil, but some American environmentalists worried that
the initiative could be too little, too late.
2/02: Oil
Fuels City's Food Supply: (straight.com) - More than 120
people crowded into a conference room at the downtown Vancouver
Public Library on election night, January 23. Some went without
seats, and still more were turned away. But they hadn’t gathered
for a play-by-play analysis of the vote. They had come to learn
about another pressing issue: the future of our food supply.
Wayne Roberts, project coordinator with the Toronto Food Policy
Council, spoke on an alarming topic: What Will We Eat When the
Oil Runs Out? Oil and gas are used in food production: to
power farm equipment, for example, and manufacture fertilizers and
pesticides. Energy is required to run the factories that make
processed food. Oil is key to food distribution: we import produce
by truck and boat, and other edibles by refrigerated jet.
2/01: Administration
backs off Bush's vow to reduce Mideast oil imports: (San
Jose Mercury News) - One day after President Bush vowed to reduce
America's dependence on Middle East oil by cutting imports from
there 75 percent by 2025, his energy secretary and national economic
adviser said Wednesday that the president didn't mean it literally.
2/01: Fossil
Fuel Worries: (Newsweek) - Remember that ’70s oil crisis?
Those long gas lines and the run on sweaters? It’s more
complicated this time around. Oil prices—currently hovering close
to $70 a barrel—may be lower now than then, but oil consumption is
growing at unprecedented rates. Global demand has grown 1.5 percent
a year for the last 25 years and will likely grow 2-3 percent a year
for each of the next 15 years, due in large part to the voracious
needs of developing countries like China and India, predict experts
like Goldman Sachs chief economist Jim O'Neil.
2/01: Drought
Forces Tanzania To Ration Electricity: (Mail&Guardian) -
Tanzanian authorities on Thursday began rationing electricity
because of water shortages at hydroelectric plants caused by a
drought that has placed millions at risk of famine across East
Africa.
2/01: Reflections
on Energy and Our Future: (Times-Standard) - We lived
without electricity for a few days. The wind blew, trees fell, and
people lost connection to the electric grid. There was still natural
gas for cooking and heating water, comforts that made it bearable
with no electricity. For those without wood stoves, it was a cold
couple of days.
2/01: FuelCell
Picked for DOE Fuel Cell Project: (BusinessWeek online) - Fuel cell power plant manufacturer FuelCell Energy Inc. said on Wednesday it was selected by the Department of Energy to work on a five-year, $2.1 million cost-shared project.
2/01: State
of the Union: The Advanced Energy Initiative: (The
White House) - In His State Of The Union Address, President
Bush Outlined The Advanced Energy Initiative To Help Break
America's Dependence On Foreign Sources Of Energy. This
is a link to the official text of that initiative.
2/01: State
of Union Energy Proposal Assures Dependence on Foreign Oil, Boosts
Oil Profits at Consumer Expense, and Endangers National, Homeland
Security (Cleanpeace
via PRWEB) - President's State of the Union energy proposal
continues energy dependence, high gasoline prices, and endangers
national security. Fails to conserve and replace oil in largest
market. Ignores peak oil, proven renewable energy technology and oil
company acknowledged abundance of enough renewable energy to meet
world energy needs