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Peak Oil in the News
Peak Oil News Tuesday October 31st 2006

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The future of energy
(Houston Chronicle) Just five months after it was unveiled, Japan's ambitious 25-year plan to sharply increase oil and gas development is hitting snags, suggesting Tokyo may find it even harder than expected to stabilize the nation's future energy supply.

Oil falls on OPEC doubts, Nigeria
(FXstreet.com The Futures Market) Oil fell on Tuesday following sharp losses from the previous session on easing tensions in Nigeria, ample U.S. fuel stocks and lingering doubts over OPEC output cuts.

Guess Why Gas Prices Are Falling? By Nomi Prins, TheNation.com
(Coastal Post) Plummeting gas prices have been good news for the motoring public. They also raise the questions: Why? How? Since their August highs, oil prices dropped from $77 to $60 per barrel.

Ethanol could be blessing or a bane
(Bradenton Herald) Gary Asay raises thousands of hogs in this small town near the Mississippi River, and for years he's had nothing much around him but farmland stretching in every direction. Now an ethanol plant will be opening just 25 miles to the south in Galva. Another is coming to Annawan, about 25 miles to the east, and another just 30 miles across the river in Buffalo, Iowa.

David Parker Speech: The end of cheap oil
(Scoop.co.nz ) "In my role as Minister of Energy I am tasked with seeing that the country has reliable energy, at an affordable price. In my role as Minister Responsible for Climate Issues, I have to consider how to minimise the greenhouse gas emissions resulting from our energy production, transport, industry and agriculture."

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