Peak Oil in the News

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Peak Oil News Friday January 26th 2007

Amid debate, Professor Barazangi asserts that world oil production could delay its peak 'way ahead into the future'
(Cornell News Service: Wed, 24 Jan) Peak oil production in the Middle East's Arabian/Persian Gulf region could be delayed if oil companies would invest more heavily in drilling and extraction technologies and push to explore new sites.

Norway's Stock Exchange Introduces New Oil Reserves Guidelines
(Rigzone: Thu, 25 Jan) The Oslo Bors is presenting its new "Guidelines for the disclosure of hydrocarbon reserves, contingent resources and results from exploration activities".

New natural gas reserves found in Coast Region
(IPP Media: Fri, 26 Jan) Fresh reserves of natural gas have been discovered at Mkuranga District in Coast Region. Drilling and testing was undertaken by Maurel & Prom and the exploit was made known this week by Artumas Group.

Enough oil reserves till Jan 29, says minister
(New Kerala: Fri, 26 Jan) Kolkata, Jan 25: With the West Bengal Tankers' Association (WBTA) going on an indefinite strike from today, state Transport Minister Subhas Chakraborty has said that there was enough reserves in petrol pumps to last till January 29.

Home
(KOLN Lincoln: Fri, 26 Jan) According to AAA, Nebraskans are paying higher gas prices because of this week's Presidential speech. AAA Nebraska's Marilyn Muir said that the president's plan to double our country's emergency oil reserves caused traders on Wall Street to drive up the price of oil.

Cuba, Venezuela add more oil to economic alliance
(El Universal: Thu, 25 Jan) It seems that Venezuela and Cuba will tighten their economic ties following Venezuela's involvement in exploration of potential oil reserves in the Cuban Exclusive Economic Zone (EEZ) in Gulf of Mexico.

Put the brakes on anti-car drive
(Wisconsin State Journal: Wed, 24 Jan) Let's hope Mayor Dave Cieslewicz and Dane County Executive Kathleen Falk summon the good sense to take the report they have received from the Peak Oil Task Force and file it under "T."

A warmer world is ripe for conflict and danger
(Financial Times: Wed, 24 Jan) 'Picture Japan, suffering from flooding along its coastal cities and contamination of its fresh water supply, eyeing Russia's Sakhalin Island oil and gas reserves as an energy source . . .

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