Peak Oil in the News

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Peak Oil News Thursday January 4th 2007

Dragon Oil peak production tops 28,000 bopd
(ShareCast via Yahoo! UK & Ireland Finance: Wed, 03 Jan) Today's drilling and operations update had oil and gas outfit Dragon Oil ahead, with the company reporting a new peak production of over 28,000 barrels of oil per day (bopd).

Dragon Oil Reaches Peak Production in Cheleken Contract Area
(Rigzone: Wed, 03 Jan) Dragon Oil has commissioned its first wellhead and production platform in the LAM field. A Gross peak production record of 28,025 barrels of oil per day ('bopd') has been achieved.

Indian rupee slips on short dollar covering, oil cos
(Reuters via Yahoo! Asia News: Tue, 02 Jan) MUMBAI, Jan 2 (Reuters) - The Indian rupee gave up intraday gains on Tuesday as traders covered short dollar positions after liquidity improved in the banking system, while oil firms bought dollars to take advantage of stable global crude prices.

Nexen: Buzzard Oil Field Start Delayed Due to Bad Weather in the North Sea
(Rigzone: Tue, 02 Jan) Nexen Inc. (NXY) said Tuesday the start date for its Buzzard oil field in the U.K. North Sea had been delayed again due to severe weather conditions.

Selling Wave Hits Commodities
(AP via Yahoo! Finance: Wed, 03 Jan) Gold and silver futures fell sharply Wednesday, giving up early gains due to fund selling that occurred when the dollar strengthened and crude oil tumbled, traders and analysts said.

Laurie David: GM's Car Czar Must Think Company Initials Stand for "General Malaise"
(HuffingtonPost: Wed, 03 Jan) What does it take for a man and his company to wake up? How about a snowless ski season? Drowning polar bears? Or a nation addicted to imported oil coming mostly from dangerous parts of the world? Bob Lutz and General Motors are still asleep at the switch, apparently incapable of responding to the climate crisis or the need to reduce our dependence on foreign oil. In a story published by ...

Wal-Mart readies large-scale move into solar power
(CNET: Wed, 03 Jan) The retail giant requests proposals for solar power systems that could be installed in its U.S. stores. Photos: Sun, wind and used cooking oil

Analysts predict high gas prices
(Salem Statesman Journal: Tue, 02 Jan) Drivers probably won't see a reduction in gasoline prices in 2007. Oil Price Information Service analyst Tom Kloza said he expects the cost at the pump in the eastern part of the country to rise to $2.80 per gallon ahead of summer, the peak demand period. But motorists out West will pay even more.

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