Peak Oil in the News

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Peak Oil News Tuesday January 16th 2007

Brazil's Gas and Oil Reserves Decline
(AP via Yahoo! Finance: Mon, 15 Jan) Brazil's gas and oil reserves edged down slightly in 2006, the state-run oil firm Petroleo Brasileiro SA, or Petrobras, said in a release.

Iraq could open oil reserves to foreign firms
(Monday Morning: Mon, 15 Jan) The US government was involved in drawing up the law through a consultancy firm, the British weekly said.

[Opinion] Oil legislation raises suspicions of past
(The Minnesota Daily: Tue, 16 Jan) Ministers in the Iraqi government are quietly drafting a law which will open up the country's vast oil reserves to Western companies. This law, which has gone mostly unnoticed amid the violence and chaos in Iraq...

Gazprom plans media offensive to polish image
(Sharewatch: Tue, 16 Jan) The energy giant, which controls the world's largest natural gas reserves and has a monopoly on exports of Russian gas, is negotiating a multi-million-dollar deal with a consortium of public relations firms headed by the Washington-based PBN Company, Kommersant quoted an unidentified source as saying.

Asean to pursue anti-terror drive
(Sun Star: Mon, 15 Jan) THE 12th Association of Southeast Asian (Asean) Summit and 2nd East Asian Nation Summit formally closed Monday with the commitment of the 16 world leaders and their countries to work closely on the continued campaign against terrorism and in the harnessing of alternative energy sources to ensure ample supply in light of dwindling world oil reserves.

Chevron, Shell Delay LNG Projects, Sending Gas Higher
(Update2: Tue, 16 Jan) Jan. 16 (Bloomberg) - Chevron Corp. and Royal Dutch Shell Plc are delaying construction projects from Australia to Nigeria, threatening to drive natural gas prices higher for years to come.

Petsec targets US gas and oil reserves
(News Interactive: Mon, 15 Jan) ASX300 energy company Petsec will drill on the US mainland in a bid to double its gas and oil reserves.

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