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Links Oil prices hover near record Kansas could profit from higher oil prices Largest oil field in US shuts down Why is petrol so expensive? Consultant: oil supply still plentiful Reaction to Peak Oil starts close to home Feel the Beat : A Boshian Peak Oil Canvas New Documentary Film on Cuba A Thousand Barrels a Second On the other side of the oil ‘peak’ Peak Oil, Peak Grain and Peak Water Peak oil and politics Peak Oil Passnotes: A Peak Oil Critique The Peak Oil Crisis: Portland Takes the Lead The New Frontier Why Gas Prices Will Remain High
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Peak Oil News August 1st - 8th
WORLD oil prices eased overnight, but held close to a recent record highs as British energy giant BP raced to fix its Alaskan oil operations and US authorities mulled releasing emergency stockpiles.
The increasing price of oil might be good news for at least one segment of the Kansas economy. Oil industry experts said the state's oil industry could increase its revenue this year by $400 million and increase production for one of the first times since the 1950s.
The strife in the Middle East has already had global economic effects because of concerns over oil. Now the US Government is considering releasing emergency stockpiles of petroleum after BP shut down production at Prudhoe Bay in Alaska.
Prime Minister John Howard has called for an all-out debate on energy in Australia. But what he doesn’t want is an all-out debate on petrol prices - because that’s a debate that he can’t win. So far, for reasons best known to themselves, the Labor Party has given Howard an easy run on petrol prices.
A worldwide energy consulting firm said Tuesday that fears of the world reaching “peak oil” supply, and facing a resultant crisis as demand continues to grow in the developing world, are overblown and that the world may actually see a 25 percent increase in supply by 2015.
Last month the Cowichan Valley Regional District overwhelmingly rejected a motion on peak oil. That is a most disappointing development, since this issue threatens our way of life and our very existence.
In each of these last years before oil production inevitably drops, we are using more oil (and coal, natural gas and other forms of energy) than humanity has ever used before. Over 80 million barrels per day (mbd). More oil in 2006 than the total amount the world used before 1960. Each year.
New Documentary Film on Cuba The Power of Community: How Cuba Survived PeakOil. 4th August 2006 . . . The just released film, The Power of Community: How Cuba Survived Peak Oil, will be shown at the Film Archive 18th and 19th August this month.
Today we take another look at the energy picture and how it will change over the next decade. Just as the world switched from whale oil to kerosene and from coal to diesel, we will see a change in how we find and use energy. That is inevitable. But the transition will not necessarily be easy or smooth.
A steep rise in the price of oil over the past few years has led to increasing concerns about its possible effect on the world economy. While the oil price trend is usually blamed on short-term, politically related (actual or feared) supply disruptions, or rising demand from the emerging Asian giants, the depletion profile of this finite resource poses a far more fundamental threat.
A deadly combination of heat and drought is slowly wreaking a trail of devastation across much of the globe, and the full extend of this scourge will only be felt as winter nears. The current phenomenon took meteorologists by surprise as it was unusually global in its reach. Like Murphy's Law, everything that could go wrong did.
Last week the Canadian Broadcasting Corporation ran part one of a two-part series on how Cuba survived without oil after the fall of the Soviet Union. (Not technically true -- there was oil, just far too little of it.)
We all believe in peak oil. Everyone believes in peak oil. Yes, apart from the whacko brigade that say oil reservoirs fill up again due to abiosis. Sensible people can stop giggling now please. Abiotic oil is sheer lunacy.
The Middle East , home to a third of the world's oil production, is coming unglued in so many ways and in so many places that it is nearly impossible to track. One would have to be a complete fool, however, not to recognize one of the manifold costs of all this chaos is going to show up on that big sign over your neighborhood gas station— shortly.
As an unusually long and sweltering heat wave enveloped the traditionally mild San Francisco Bay Area, power outages knocked out air conditioning, and gas prices under $3.00 a gallon seemed like leisure suits or vinyl LPs, relics of a long forgotten era, those who have been warning of the consequences of global warming and the eventual decline of a fossil fuel-based life felt an awkward sense of vindication.
August is typically a quiet month when the president goes on vacation and Minnesotans head to the State Fair, but August is a critical month for the oil markets. Energy industry insider Matt Simmons said, "Watch oil prices today. They're up after word BP shut down its Prudhoe Bay oil field on Alaska's North Slope because of severe corrosion found on some equipment."