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Peak Oil in the News
Peak Oil News News Tuesday October 3rd 2006

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In the battle to be green, the human factor can work wonders
(Sydney Morning Herald) By 2010 half the world's oil will be gone, and what remains will be hard to get. In Cuba's case it was Mother Russia, not Mother Nature, who shut off the taps, so it was more cold turkey than a "natural" dwindling in our drug of choice.

Lower Gas Prices to Help Sales of Midsize SUVs
(U.S. News & World Report) With crude oil this morning slipping toward $60 per barrel, and government figures showing last week's average pump price had dropped to $2.31 per gallon–the lowest since February–car companies were set to release September sales figures today showing a rebound for some models of sport utility vehicles.

Equator still targets first oil from Nigeria's Bilbari field in H2 ...
(Hemscott) Equator Exploration Ltd said it remains confident it will start pumping oil from the Bilbari field in Nigeria in the second half of next year despite some technical problems it encountered while drilling at the site.

Oil Bonanza? Let Us Get Real
(AllAfrica.com) The exciting news of an oil strike in commercial quantities has been the buzz of every bar in Kampala. When its benefits begin to accrue they will bring relief to many hard-pressed departments of government and to households. Dreams of an oil rich economy will however not show at petrol pumps or as electric power in the way that bar talk has hoped...

Total Tempa Rossa Project Officially Launched in Italy
(Webbolt Business News) Total has signed the final agreement with the Basilicata regional authorities in southern Italy to implement the development of the Tempa Rossa field. This agreement also defines the Group's environmental commitments and includes a project defining social actions with the Basilicata region.

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