Peak Oil in the News

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Peak Oil News Wednesday December 13th 2006

Peak Oil to Peak Gas Is a Short Ride
(Energy Pulse: Tue, 12 Dec) Decreasing oil supplies and increasing gas supplies are interdependent and interlinked, but this is not a case of "One goes up if the other goes down".

Opec balances high oil stocks and prices
(Stuff: Tue, 12 Dec) ABUJA: Opec countries were in agreement on Tuesday the oil market is oversupplied but some feared cutting output now, during peak winter demand, could drive prices further above $US60 ($NZ88.30) and hurt the world economy.

OPEC ministers say may hold off on more oil cuts
(Reuters via Yahoo! News: Wed, 13 Dec) OPEC appeared willing on Wednesday to pull back from more oil output cuts, responding to consumer nation calls to hold off until winter has passed to guard against price spikes that would hurt the world economy.

OPEC oil cut already tightening world market: IEA
(Reuters via Yahoo! News: Wed, 13 Dec) OPEC oil cuts already in place are tightening the world market ahead of winter and may prevent a recovery in consumer stocks, the International Energy Agency said on Wednesday, urging OPEC to hold off on a new reduction.

Oil falls; OPEC cuts look less likely
(CNN Money: Wed, 13 Dec) Oil-producers' group may choose to enforce existing output cuts rather than announce new ones.

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.

Oil steady at $61 ahead of U.S., IEA data, OPEC meet
(Reuters via Yahoo! News: Wed, 13 Dec) Oil prices were steady near $61 a barrel on Wednesday after hitting a two-week low amid disagreement among OPEC members over whether to cut output.

Exxon sees oil use, carbon emissions soaring
(CNN Money: Tue, 12 Dec) ExxonMobil delivered its annual long term energy forecast Tuesday, saying that it expects the world will use 60% more energy in 2030 than in did in 2000. But despite this spike in demand, the oil giant does not expect to see any increase in the use of renewable energy sources from 2006 levels.

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