Peak Oil in the News

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Peak Oil News Sunday December 10th 2006

Peak oil era will be hard on Hawaii
(Honolulu Star-Bulletin: Sun, 10 Dec) DURING the past months "peak oil" has been the subject of a heated discussion in the media, including in Hawaii. The state's energy security is too important for us to allow discussions of future energy options to become a battle about peak oil, pro or con.

Peak Oil Theory Analyzed by CERA
(PR Web via Yahoo! News: Thu, 07 Dec) Cambridge, MA (PRWeb) December 7, 2006 - Peak Oil, the widely discussed theory that world oil production will soon reach a peak and go into sharp decline, is the subject of a new analysis by Cambridge Energy Research Associates (CERA).

Peak Oil Theory Analyzed by CERA
(PR Web: Thu, 07 Dec) "Peak Oil" the widely discussed theory that world oil production will soon reach a peak and go into sharp decline, is the subject of a new analysis by Cambridge Energy Research Associates (CERA). CERA finds that the remaining global oil resource base is actually 3.74 trillion barrels - three times as large as the 1.2 trillion barrels estimated by the theory's proponents. (PRWeb Dec 7, 2006) Post

Oil tumbles after profit-taking
(FT.com via Yahoo! News: Fri, 08 Dec) Oil prices slipped sharply in late trade on Friday because of profit-taking.

Oil rises as production cut looms
(BBC News: Fri, 08 Dec) Oil prices rise above $63 a barrel after the president of the Opec producers cartel says he favoured another cut in output.

Essential Oil Glossary
(BellaOnline: Sun, 10 Dec) Descriptions of common essential oils.

Crude oil price to average at $55-65 next year: energy minister
(The Nation: Thu, 07 Dec) Energy Minister Piyasvasti Amranand estimated that next year, crude oil price would average US$55-$65 per barrel from this year's peak of over $75. Meanwhile, domestic retail prices would stand between Bt24-Bt25 per litre, provided oil exporting countries do not cut production capacity or increase the capacity.

Russia's East Siberia: from Gulag to oil frontier
(Reuters via Yahoo! News: Thu, 07 Dec) Half a century ago, Josef Stalin banished his foes to labor camps in East Siberia. Now volunteers are lining up to drill the frozen wastelands for their vast reserves of oil.

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