tag:blogger.com,1999:blog-224127602012-01-23T02:27:44.831-08:00Coming Oil Shock & Collapse of the Petrodollar www.theviewfromthepeak.comOil Shocknoreply@blogger.comBlogger9011100tag:blogger.com,1999:blog-22412760.post-1157148166664438682006-09-01T15:01:00.000-07:002006-09-01T15:02:47.093-07:00

Visit this new bloghttp://www.theviewfromthepeak.net/newsblog/news.html

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1157085408625631332006-08-31T21:21:00.000-07:002006-09-01T01:31:56.250-07:00

For publishing convenience, we have changed the address of The URL for News updates changed from oilinvestor.blogspot.com to http://www.theviewfromthepeak.net/News_Updates.html.Also, please note that the old blog site will remain. Any users wishing to access older posts are free to visit the old URL at oilinvestor.blogspot.com. If you have the old site saved as a favorite, please visit the new

Oil Shocknoreply@blogger.com3tag:blogger.com,1999:blog-22412760.post-1157023391995769502006-08-31T04:22:00.000-07:002006-08-31T04:23:12.120-07:00

What a difference a month makes. Just four weeks ago Hezbollah and the Israelis were engaged in the heaviest fighting the world has seen since the US overran Iraq. When the fighting started, oil prices jumped on concerns that oil exports might be affected. In July there were fears US motorists might draw down the country’s gasoline reserves during the summer driving binge. Soon thereafter, BP

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1157023179433021142006-08-31T04:17:00.000-07:002006-08-31T04:19:39.486-07:00

On a sweltering Tuesday in mid-July, in the fields outside Pisa, Italy, Willem Kadijk scribbles notes as a ragtag troupe of doomsayers predict the end of the Oil Age. With his shaved head, jeans and sandals, Kadijk, 48, blends into a crowd gathered under a white tent to hear of the coming calamity. The death of cheap, abundant crude, the forecasters warn, might unleash war and plunge the world

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1157023012231236312006-08-31T04:14:00.000-07:002006-08-31T04:16:52.380-07:00

Global demand for oil will one day overtake our ability to produce it cheaply, and prices will skyrocket as half the world's easily extractable oil is gone. But when? A growing number think soon - if it hasn't already happened.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1157022445132581252006-08-31T04:06:00.000-07:002006-08-31T04:07:25.210-07:00

GLOBAL warming's failure so far to produce a repeat of last year's serial hurricane assault and battery of the oil-rich Gulf of Mexico is the swing factor in the suddenly soft price of oil.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1157022359912510482006-08-31T04:04:00.000-07:002006-08-31T04:06:00.330-07:00

After over 70 years in power, the mighty Soviet Empire unexpectedly vanished overnight and almost the entire communist tradition there dissolved. Was the cause of this cataclysmic collapse really the result of communist inefficiency and U.S. president Ronald Reagan’s Cold War military build up? Or was there an oil crisis that shocked the Soviet system? Or if Marxist-Leninist communism was so

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156909427866740442006-08-29T20:42:00.000-07:002006-08-29T20:43:47.950-07:00

Richard Heinberg is an unlikely latter-day Jeremiah. The contrast between this quietly spoken Californian college professor and accomplished classical violinist and his explosive message couldn't be more marked.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156909287851364062006-08-29T20:26:00.000-07:002006-08-29T20:41:29.000-07:00

Chris is the editor or Petroleum Review and is a well known speaker on peak oil. He also uses very detailed Powerpoint presentations which he zips through so fast that comprehensive note taking is nigh on impossible! You can find his powerpoint here, which is well worth a read, as he is a challenge to even the most dedicated note taker! Here’s what I got down from his talk, for which I make no

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156908372276420372006-08-29T20:24:00.000-07:002006-08-29T20:26:12.376-07:00

We are being mentally prepared for what is about to come: a devastating war with Iran. This war has been planned a long time ago and has been delayed by the unexpected insurgency in Iraq (for full details read "Why Iraq and Now Iran"). This war, in one form or other, is "almost" inevitable. The current US administration has climbed on a tiger, and in fear of being eaten, doesn’t know how to

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156907285404617622006-08-29T20:07:00.000-07:002006-08-29T20:08:05.486-07:00

The Nigerian Gas Company (NGC) declared, last Friday, that within the next twelve months, cars used in Nigeria would start running on Compressed Natural Gas (CNG) in view of the escalating cost of petrol, saying it has sent some of its staff to Argentina to be trained on how to establish and run NGC stations.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156907160964675902006-08-29T20:03:00.000-07:002006-09-09T19:03:15.056-07:00

U.S. installations projected to grow by 50% by the end of next yearRising prices for oil and natural gas fuel demand for wind power.A team of eight workers scrambled to assemble the 185th windmill in the largest wind farm in the northeastern United States. They had 10 more to build and wanted to wrap up the job by Labor Day.( Read on )

Oil Shocknoreply@blogger.com1tag:blogger.com,1999:blog-22412760.post-1156906981361909912006-08-29T20:01:00.000-07:002006-08-29T20:03:01.773-07:00

At Black Mountain, North Carolina, there is a developing ecovillage known as Earthaven that exemplifies Catherine Austin Fitts’ Solari economic model to a tee, though the community has never consciously worked directly from it. It is usually assumed that an intentional community such as this is a commune, but that is not so in the case of Earthaven. Instead, what I will call a “natural-capitalist

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156834253770086862006-08-28T23:47:00.000-07:002006-08-28T23:50:53.826-07:00

Dennis Meadows. Peak Oil and Limits to Growth. Wednesday 19th July 2006.The Fifth International Conference of the Association for the Study of Peak Oil and Gas (ASPO-5) July 18-19 2006 in San Rossore, Italy. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156833612955900312006-08-28T23:38:00.000-07:002006-08-28T23:40:13.013-07:00

IN A RECENT ARTICLE entitled "Nothing Like Business as Usual," published Aug. 11, 2006, in Whiskey & Gunpowder, I outlined the views on Peak Oil of a man named Ali Morteza Samsam Bakhtiari. Dr. Bakhtiari is a former senior energy expert who spent his long career, which started in 1971, employed by the National Iranian Oil Co. (NIOC) of Tehran, Iran. During the course of his employment with NIOC,

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156833466985636192006-08-28T23:37:00.000-07:002006-08-28T23:37:47.056-07:00

An American energy expert is pushing for Australia to sign up to an international protocol to reduce its dependence on petroleum.The Oil Depletion Protocol calls for nations to reduce their petroleum production and importation by 2.6 per cent each year - and gradually wean themselves off oil altogether.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156832994843533092006-08-28T23:27:00.000-07:002006-08-28T23:29:55.463-07:00

Jeremy Leggett. Peak Oil, climate change, and the daunting arithmetic of carbon fuels.The Fifth International Conference of the Association for the Study of Peak Oil and Gas (ASPO-5) July 18-19 2006 in San Rossore, Italy. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156832718645835122006-08-28T23:23:00.000-07:002006-08-28T23:25:18.713-07:00

With little doubt today the United States is being confronted with a crisis of major proportions. As world oil demand keeps growing and oil supplies are curtailed or threatened by political turmoil in the Mideast, world oil prices could well continue to escalate upwards at an alarming rate. This would portend a major increase in transportation costs with serious economic repercussions throughout

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156832502811436902006-08-28T23:20:00.000-07:002006-08-28T23:21:42.886-07:00

BP Plc’s shutdown of the largest US oil field may be the first of many, as decaying pipelines threaten to add 20% to energy prices in the next decade. "We’ll look back on this event as the Pearl Harbor Day in energy,’’ said Matthew Simmons, chairman of energy investment bank Simmons & Co International in Houston. The chance that the leaks and corrosion found at Prudhoe Bay by BP, Europe’s second-

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156832428727215342006-08-28T23:19:00.000-07:002006-08-28T23:20:28.863-07:00

Nebraska Governor Dave Heineman last week proclaimed September Renewable Fuels Awareness Month. Nebraska Corn Board Executive Director Don Hutchens says the proclamation comes as the state’s ethanol production is expected to surge over the next five years. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156832284683889512006-08-28T23:14:00.000-07:002006-08-28T23:18:04.936-07:00

An estimated $30 billion a year is pouring into developing liquefied natural gas.Despite concerns over the safety and the cost of importing it, analysts say the fuel will make up a larger and larger share of America's energy mix and may help prevent seasonal natural gas price spikes.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156738424459105882006-08-27T21:12:00.000-07:002006-08-27T21:13:44.566-07:00

NEW YORK Worries that a tropical storm front approaching the Caribbean could strengthen and head toward the Gulf of Mexico, where about a fifth of all U.S. natural gas is produced, drove gas prices higher on Thursday.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156737539607595542006-08-27T20:58:00.000-07:002006-08-27T20:58:59.676-07:00

THE Bracks Government has been challenged to establish an office of oil vulnerability to assess the impact of declining global oil production and prepare for petrol shortages.Bruce Robinson, convener of the Australian Association for the Study of Peak Oil and Gas, has also called for higher fuel taxes.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156737413061575792006-08-27T20:55:00.000-07:002006-08-27T20:56:53.216-07:00

Gasoline shortages and even higher prices loom, a new government report says, and it will take decades and trillions of dollars to replace American dependence on foreign oil.The U.S. Department of Energy report directly addressed the concept of peak oil and how to deal with it. Peak oil means oil production is maximized and supply goes down from that point forward. Coupled with a surge in demand

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156736068771798972006-08-27T20:33:00.000-07:002006-08-27T20:34:28.850-07:00

Given the fact that planet Earth is finite, it follows that the oil under the Earth's surface is finite as well. The point will come, if it hasn't already, when half the world's oil will have been pumped. When this point occurs, it will become more difficult and expensive to pump the remaining oil, causing the price of oil to go up. This will signal the point of peak oil production, and each year

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156735554542930632006-08-27T20:24:00.000-07:002006-08-27T20:25:54.880-07:00

Matt Simmons and Jim Kunstler were interviewed on November 1, 2005 by Glenn Mitchell on KERA 90.1, the local PBS station in Dallas, Texas. ( Transcript here )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156573880496058772006-08-25T23:29:00.000-07:002006-08-25T23:31:20.763-07:00

DETERMINING HOW TO respond to the terrorist challenge has become a major public policy issue in the United States over the last three years. It has been discussed endlessly, many lives have been changed, a couple of wars have been waged, and huge sums of money have been spent -- often after little contemplation -- to deal with the problem.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156557468541590752006-08-25T18:56:00.000-07:002006-08-25T18:57:48.603-07:00

As a member of the Portland Peak Oil Task Force, I am excited to see the amazing progress our team is making. The twelve members of the Task Force come from various backgrounds, including land use planners, social workers, business executives, farmers, environmental experts, and more.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156557398379988442006-08-25T18:53:00.000-07:002006-08-25T18:56:38.430-07:00

Oil is close to running out, and chaos will follow, according to a US expert. Nick Galvin reports.RICHARD HEINBERG is an unlikely latter-day Jeremiah. The contrast between this quietly spoken Californian college professor and accomplished classical violinist and his explosive message couldn't be more marked.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156557150307596652006-08-25T18:51:00.000-07:002006-08-25T18:52:30.813-07:00

WORLD oil production will peak in just 1500 days. After that, oil shortages will force massive changes to our lifestyle and business, experts have predicted.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156557074041688252006-08-25T18:50:00.000-07:002006-08-25T18:51:14.176-07:00

Despite the recent rally, some stock market analysts are still concerned about a possible economic slowdown that could lead to a recession. You can count Ms. Liz Ann Sonders, Chief Investment Strategist for Charles Schwab & Co. Inc., in that camp. ( read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156556954116686352006-08-25T18:47:00.000-07:002006-08-25T18:49:14.186-07:00

The venerable and entertaining Matthew Simmons of Simmons International investment banking has managed to tweak the ear of the media once again this week. This time however it is not those nasty Saudi Arabians about which Simmons has written so much. Instead it is about pipelines.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156556819000864722006-08-25T18:46:00.000-07:002006-08-25T18:46:59.053-07:00

Lately, I've been freaking out over Peak Oil. For the uninitiated, Peak Oilers envision a fitful collapse of our hyper-industrial society, when crude oil passes its peak supply arc and slowly declines as a resource. As the supply of cheap energy sputters out of existence, Peak Oil adherents imagine resource wars, population die-offs, and eventually, an agrarian society surrounded by urban and

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156556697087606992006-08-25T18:41:00.000-07:002006-08-25T18:44:57.156-07:00

This week the UN is to come up with a sanctions resolution that will keep Iran's two million barrels a day of exports flowing and at the same time convince Tehran to give up on uninspected nuclear enrichment. Crafting such a resolution is likely to take some doing as the Chinese, who are more concerned about losing oil imports than whether or not Tehran comes up with an atomic bomb, have to sign

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156556427028639512006-08-25T18:38:00.000-07:002006-08-25T18:40:27.270-07:00

PARIS BP's shutdown of the largest U.S. oil field may be the first of many, as decaying pipelines threaten to add to already soaring energy prices in the next decade. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156480459168582332006-08-24T21:32:00.000-07:002006-08-24T21:50:18.013-07:00

I have been involved in politics for over 30 years and have never seen the American people so angry. It’s not unusual to sense a modest amount of outrage, but it seems the anger today is unusually intense and quite possibly worse than ever. It’s not easily explained, but I have some thoughts on this matter. Generally, anger and frustration among people are related to economic conditions; bread

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156471928984554972006-08-24T19:11:00.000-07:002006-08-24T19:12:09.690-07:00

The eternal truth in the investment world is that every asset class goesthrough boom and bust cycles, which typically last for several years.However, it is ironic that toward the end of any bull-market, when therisk is extreme, optimism toward the booming asset-class is usually at arecord-high. On the other hand, during the final phase of a bear-market,when the downside risk is limited, the asset

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156432222913798342006-08-24T08:09:00.000-07:002006-08-24T08:10:22.993-07:00

Lost in the fallout from BP's shut-down at Prudhoe Bay is the fact that the system is getting better, and oil supplies are growing, says Fortune's Jon Birger.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156431994631253482006-08-24T08:05:00.000-07:002006-08-24T08:06:34.720-07:00

"According to OPEC, in June 2006 Russia extracted 9.236 million barrels of oil, which is 46,000 barrels more than Saudi Arabia. The statistics also showed that Russian production in the first half of this year increased to 235.8 million tons, a year-on-year improvement of 2.3 percent."( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156431886929677802006-08-24T08:02:00.000-07:002006-08-24T08:04:47.020-07:00

Oil production looks set to peak in the mid-to-late 2020s, but the decline will be offset as high fuel costs accelerate the quest for other energy sources, notably natural gas, UBS said in a study published on Wednesday.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156431612473146802006-08-24T07:59:00.000-07:002006-08-24T08:00:12.720-07:00

The first proper speech of ASPO 5 was by Dr. Colin Campbell, and was called ‘Peak Oil in Perspective’. Here is an overview of what he said. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156431352854386352006-08-24T07:54:00.000-07:002006-08-24T07:56:12.350-07:00

On January 20, 2002, President George W. Bush in his State of the Union Address stated:States like these, and their terrorist allies, constitute an axis of evil, arming to threaten the peace of the world. By seeking weapons of mass destruction, these regimes pose a grave and growing danger. They could provide these arms to terrorists, giving them the means to match their hatred. They could attack

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156367147470754592006-08-23T14:04:00.000-07:002006-08-23T14:05:47.590-07:00

Many investors believe that gold is a hedge against inflation. And, that’s true... but that’s not the real secret of gold... The real purpose of gold is to hedge against government hubris.( read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156366932083706362006-08-23T14:01:00.000-07:002006-08-23T14:02:13.073-07:00

You've heard the saying, "They don't make 'em like they used to"?Well, they don't charge the way they used to, either. Nobody does. Try buying a loaf of bread for 50¢. Or a gallon of gas for $1.25. Nothing costs the same as it did in 1980. Nothing.Except, maybe, gold.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156349958143385382006-08-23T09:18:00.000-07:002006-08-23T09:19:18.516-07:00

Richard Heinberg. “The Oil Depletion Protocol: A Plan to Avert Oil Wars, Terrorism and Economic Collapse”.The Fifth International Conference of the Association for the Study of Peak Oil and Gas (ASPO-5) July 18-19 2006 in San Rossore, Italy. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156277791300493442006-08-22T13:15:00.000-07:002006-08-22T13:16:31.390-07:00

Lester Brown, president of Earth Policy Institute tells Bloomberg TV that there are some serious drawbacks and problems with expecting too much from corn-based ethanol. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156277711074087842006-08-22T13:14:00.000-07:002006-08-22T13:15:11.986-07:00

OUR lives are about to change. We face two critical issues in the near future. The first is that we are about to run out of oil. By 2100 it will be gone! Over the next decade, the cost of petrol is going to increase rapidly as demand outstrips supply. Everything is going to be more expensive.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156277607696635812006-08-22T13:12:00.000-07:002006-08-22T13:13:36.066-07:00

Matthew Simmons is a Houston-based energy consultant known for his alarmist predictions about the state of the oil market. His most famous is that Saudi Arabia, the world's largest single source of oil supply, has grossly overestimated the size of its remaining reserves, with the result that production rates will soon be declining precipitously, sending the oil price through the roof. Believe it

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156277534254672352006-08-22T13:11:00.000-07:002006-08-22T13:12:14.436-07:00

The price of crude oil could hit $300 (£158) a barrel if BP's pipeline corrosion crisis in Alaska turns out to be an endemic problem for the industry, according to the leading oil industry analyst Matthew Simmons.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156277258114316882006-08-22T13:06:00.000-07:002006-08-22T13:07:38.283-07:00

At a moment when a tank full of gasoline costs $75, the Chinese are eagerly trading bicycles for cars, and Americans are consuming their body weight in petroleum each week, it would be nice to know how much oil will be readily available a decade from now. In a thirsty world, will supply be adequate to satisfy demand? ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156277188822164242006-08-22T13:05:00.000-07:002006-08-22T13:06:29.230-07:00

When Hurricane Katrina struck the city of New Orleans on Aug. 29, 2005, it led to more than 1,000 deaths and $200 billion in damages and set off the largest, most costly disaster-relief operation in American history.But was global warming to blame?( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156129690309662512006-08-20T20:07:00.000-07:002006-08-20T20:08:10.493-07:00

Ukraine may still face an energy crisis this winter, Deputy Prime Minister Andriy Klyuev said yesterday, despite assurances from Russia that it will not sharply raise the price of gas supplies to its neighbour. Klyuev, who oversees the energy sector, chaired a government meeting to discuss preparations for winter and avoid a repeat of a gas crisis that hit Ukraine and Europe in January when

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156129058622269642006-08-20T19:56:00.000-07:002006-08-20T19:57:38.730-07:00

Oil and gas supplies are becoming scarcer and more expensive. The hunt for the world's remaining resources is creating new alliances and the danger of fresh conflicts. China is moving aggressively to sate its growing appetite for energy, potentially setting up a confrontation with the United States for the dwindling resources of the Middle East and Africa.( read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156128783501535522006-08-20T19:50:00.000-07:002006-08-20T19:53:03.603-07:00

THE UNITED STATES again is close to squandering a rare resource. The issue affects national security and generations who will need the resource far more than we do in the early 21st century. The subject is oil drilling in Alaska, but hold on before skipping to the next article. This is a new argument to most readers.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156024185872180442006-08-19T14:45:00.000-07:002006-08-19T17:45:25.703-07:00

Petrol is an alternate word for Gasoline, used in much of British Common wealth. $2 refered to in the subject line is for a litre of Gasoline. 1 gallon is approximately 3.78 liters. This story is from Australia.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156023745999498242006-08-19T14:41:00.000-07:002006-08-19T14:42:26.686-07:00

You have seen what Resource Investor was mooting about the oil market last week, basically come true. Oil has actually fallen a little faster than we expected - to around $71 - but it still has an important couple of barriers to break before it goes really wild to the downside. So let us take a little look at some recent history and see if we can figure out why. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156023643083535152006-08-19T14:39:00.000-07:002006-08-20T19:50:11.733-07:00

I’m sure you readers are aware of Peak Oil and its implications. After reading up on it and assured of its inevitability, I ve decided to take action. I scoured the Internet and found excellent research done by Wan N L Noor, a Malaysian student in the UK, on the implications of Peak Oil on Malaysia. I’ve been discussing it with him and we realised that first we must create awareness among the

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156021742385094202006-08-19T14:08:00.000-07:002006-08-19T14:09:02.870-07:00

I'm sure most readers here are familiar with the concept of peak oil, and there's another article today on the increasing concern over the scarcity of fresh water. So I thought I would ask a simple question: by mid-century which commodity will be most precious -- oil or water?( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156021677331294832006-08-19T14:05:00.000-07:002006-08-19T14:07:57.423-07:00

It was about a week before I left the United States forever that I watched Robert F. Kennedy, Jr. tell Charlie Rose something all of us already know in our hearts. “Today,” he said, “the United States is hated around the world far worse than it was at the height of the Vietnam War.” I remember the Vietnam War. I will never forget it. I opposed that war, and I still remember riots on the UCLA

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156021521216725962006-08-19T14:04:00.000-07:002006-08-19T14:05:21.336-07:00

With demand for oil soaring yet supply stable at best, the idea that oil stocks have 'peaked' is increasingly influential. So what are the latest theories around peak oil? B Leamy reports. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156021424709443172006-08-19T14:02:00.000-07:002006-08-19T14:03:44.776-07:00

Driven by surging oil prices, but fueling environmental concernsHigh oil prices are spawning greater interest in technologies that convert coal into liquid fuel, according to an article published yesterday in The Wall Street Journal, but the shift could have a significant impact on the environment. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156021126453084422006-08-19T13:57:00.000-07:002006-08-19T13:58:46.610-07:00

The mini-crises relating to oil production springing up during the last few weeks seem to have settled down for a while. There is a ceasefire in Lebanon . Iraq has patched up its northern export pipeline for the umpteenth time. BP has figured out that they only have to shut down half the production from Prudhoe Bay . There are no hurricanes in sight, and we have another two weeks before having to

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156020829708291182006-08-19T13:52:00.000-07:002006-08-19T13:53:49.826-07:00

With his purchase, he helped prop up one of the last leftist regimes in the world. His money also made a bunch of impoverished Indians happy. To understand how, you must hail another cab, this time in Caracas, Venezuela.Taxis in Venezuela come cheap. Gas in the oil-flush Caribbean nation sells for 14 cents a gallon. For less than $150, a driver will transport you six long hours into the country's

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1156020615272663172006-08-19T13:48:00.000-07:002006-08-19T13:50:30.603-07:00

Municipalities are facing a "perfect storm" once the era of cheap oil, cheap water and altered weather patterns hits with full force, says Ontario's environmental commissioner. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155864133140473192006-08-17T18:22:00.000-07:002006-08-17T18:22:13.246-07:00

THERE HE WAS, as big as life and looking quite good for a man who died in 1880. I was on a visit to the Drake Well Museum, just south of Titusville, Pa. I was walking into the museum compound, and whom should I encounter but Col. Edwin Drake, dressed in the period garb one is accustomed to seeing in the grainy old photos. “Well, hello, Col. Drake.”( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155862649008745702006-08-17T17:56:00.000-07:002006-08-17T17:57:29.410-07:00

While a growing chorus of voices has been trying to get the public's attention about our "oil problem," little in-depth analysis has appeared in the national media. An essay for this page Monday described an "oil shock wave" as the problem. The real problem is much more serious.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155862507257811992006-08-17T17:50:00.000-07:002006-08-17T17:55:07.306-07:00

This reminds me of the cover story in economist in 1999 "Drowning in oil". It went on to predict that oil prices were headed to $5 a barrel, exactly when the prices turned the corner; the beginning of the new bull market.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155862203974073782006-08-17T17:48:00.000-07:002006-08-17T17:50:04.326-07:00

It might be a weird coincidence that political leaders in major economies have pronounced support for nuclear energy in 2006, on the 20th anniversary of the Chernobyl disaster. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155766759988926722006-08-16T15:18:00.000-07:002006-08-16T15:19:20.090-07:00

( Click here )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155766665488287772006-08-16T15:16:00.000-07:002006-08-16T15:17:45.650-07:00

Crude oil has reached a point where the skeptics of yore have become the proselytes of tomorrow, readying the world when crude tops $100 per barrel. That day is not far away though few saw it coming. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155766560904925012006-08-16T15:14:00.000-07:002006-08-16T15:16:01.060-07:00

A new peak oil organization, called Ohio Peak Oil Action (OPOA), is working to prepare the Ohio area for the coming times by promoting relocalization, sustainability, permaculture, and bioregionalism.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155766486749308982006-08-16T15:13:00.000-07:002006-08-16T15:14:46.873-07:00

Saudi Arabia's epic oil reserves are a global insurance policy: always counted on, in a pinch, to ease almost any energy crisis.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155766368484188662006-08-16T15:12:00.000-07:002006-08-16T15:12:48.600-07:00

Listen to this story

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155766236964260242006-08-16T15:09:00.000-07:002006-08-16T15:10:37.446-07:00

THERE is nothing in Prime Minister John Howard's energy package to ease the high fuel price pressure on Australian motorists, Labor said today.Motorists will be offered up to $2000 to convert their cars to liquefied petroleum gas (LPG) under a $1.6 billion package.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155612167078563292006-08-14T20:21:00.000-07:002006-08-14T20:22:47.200-07:00

A very interesting multimedia page with interviews and interactives.( Click here )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155611984226685182006-08-14T20:19:00.000-07:002006-08-14T20:19:44.326-07:00

By what name will future generations know our time?Will they speak in anger and frustration of the time of the Great Unraveling, when profligate consumption exceeded Earth's capacity to sustain and led to an accelerating wave of collapsing environmental systems, violent competition for what remained of the planet's resources, and a dramatic dieback of the human population? Or will they look back

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155611899496739582006-08-14T20:17:00.000-07:002006-08-14T20:18:30.630-07:00

AT RECENT conferences on the future of biofuels, I have offered a $10 bet to anyone in the room that the West Texas intermediate oil price will be less than US$40 a barrel within three years. So far only three people have taken up the bet.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155611807959272992006-08-14T20:14:00.000-07:002006-08-14T20:16:48.050-07:00

( second part )From last fall to early spring the crude oil flowing from offshore fields near the Akwa Ibom River tropical delta in Nigeria supplied the South Elgin, Ill., Marathon gas station 8,000 miles away with roughly one-quarter of its oil.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155611660223749772006-08-14T20:13:00.000-07:002006-08-14T20:14:20.280-07:00

To paraphrase the late Sen Everett Dirksen, "400,000 barrels here, 400,000 barrels there. Pretty soon, you're talking about a lot of oil."I am referring to the recent announcement by BP that it is temporarily shutting down its Alaskan oil operations in Prudhoe Bay. Corrosion in the 30-year old transit lines makes it unsafe to continue operations. BP is removing 400,000 barrels per day of oil from

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155611457327434062006-08-14T20:10:00.000-07:002006-08-14T20:10:57.383-07:00

ALI SAMSAM BAKHTIARI is a retired “senior energy expert,” formerly employed by the National Iranian Oil Co. (NIOC) of Tehran, Iran. He has held a number of important positions with NIOC since 1971. He is currently attached to the director's office in the Corporate Planning Directorate of NIOC, and specializes in questions related to the global oil, gas and petrochemical industries. This alone

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155611309054497142006-08-14T20:07:00.000-07:002006-08-14T20:08:29.176-07:00

Without tax breaks and incentives ethanol, E-85 specifically, just isn't a viable alternative to traditional gasoline. That much is made clear if you read through this rather murky article on the subject by the Fargo Forum's Patrick Springer.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155611101373193582006-08-14T20:03:00.000-07:002006-08-14T20:05:01.486-07:00

Matthew Simmons, investment banker to the global oil and gas services sector, backs off little if at all from his vision of an energy-constrained world in the paperback edition of Twilight In The Desert: The Coming Saudi Oil Shock And The World Economy. The bestseller rocked the investment and energy communities last year with a controversial thesis: the large Saudi oilfields which underpin

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155610957420358212006-08-14T20:00:00.000-07:002006-08-14T20:02:37.513-07:00

America's rocky relationship with the Middle East and rising oil prices have rekindled the debate about foreign oil dependency and made calls for energy alternatives urgent.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155610848540213422006-08-14T19:59:00.000-07:002006-08-14T20:00:48.903-07:00

Last summer, a gasoline station opened in South Elgin, Ill., an old farming village that's now being swallowed by the westward sprawl of Chicago.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155427381923187022006-08-12T17:01:00.000-07:002006-08-12T17:03:02.160-07:00

ALI SAMSAM BAKHTIARI is a retired “senior energy expert,” formerly employed by the National Iranian Oil Co. (NIOC) of Tehran, Iran. He has held a number of important positions with NIOC since 1971. He is currently attached to the director's office in the Corporate Planning Directorate of NIOC, and specializes in questions related to the global oil, gas and petrochemical industries. This alone

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155400553223270372006-08-12T09:35:00.000-07:002006-08-12T09:35:53.323-07:00

The August 10 report of a spectacular foiled UK-based super-terror plot, an alleged Operation Bojinka variation, has sparked an unprecedented round of 9/11-style fear and panic mongering throughout the world. This is a new attempt, at the highest levels of the Bush and Blair administrations, in concert with Pakistan’s ISI and Israel, to fabricate the justification for an escalation in the “war on

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155400385222472212006-08-12T09:31:00.000-07:002006-08-12T09:33:05.353-07:00

We're at the point at which even if the alleged "dream" of beauty contestants everywhere, "World Peace," were to come tomorrow, to the Mideast, to Chechnya, to India-Pakistan, everywhere, we'd still be doomed. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155399965989006992006-08-12T09:25:00.000-07:002006-08-12T09:26:06.113-07:00

FORGET pipeline problems in Alaska. The real elephant in the corner is "peak oil". This issue is in the same category as global warming - although there is a division of opinion as to whether or not it's real, it is probably prudent to assume the worse-case option.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155399795475761032006-08-12T09:22:00.000-07:002006-08-12T09:23:15.536-07:00

They always say buy on the dips. With the purported bomb plot on U.K. and U.S. airlines, we have seen a $2 dip in oil. This seems to have cheered the equity markets. They think people are going to stop flying, stop consuming. It takes the pressure off energy and we see the Nymex take a nosedive. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155399710823155022006-08-12T09:20:00.000-07:002006-08-12T09:21:50.980-07:00

I'd like to alert you to the writings of Geonomist GRMorton on why he believes that the Peak Oil has likely passed. "We have now passed the most significant time in human history. For the past million years, every day in the future humanity had more energy than they had yesterday. But from here on out, we will have less energy every day in the future.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155399441790211922006-08-12T09:16:00.000-07:002006-08-12T09:17:21.890-07:00

Energy crisis would leave people 'shivering in cold'.UN deadline looms for Tehran to accept deal.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155399214025111412006-08-12T09:12:00.000-07:002006-08-12T09:13:34.513-07:00

WITH the third oil crisis on us, more of us will take to the road in hybrid cars or convert to liquefied petroleum gas, biofuels or diesel, but none of these are likely to deliver soon the home run that will break our dependency on oil.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155229520463565592006-08-10T10:04:00.000-07:002006-08-10T10:05:25.893-07:00

The price of oil is on the move again, big time!As I write this, oil is trading at $76.55. It is within an earshot of taking off to my next target: $100 a barrel.Don't fool yourself, and don't let anyone on Wall Street convince you otherwise: Oil prices are headed much, much higher.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155229345410891062006-08-10T09:58:00.000-07:002006-08-10T10:02:25.533-07:00

Here is Michael Lynch, once again failing to address any of the points decribed in home page of this site.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155228964519017462006-08-10T09:54:00.000-07:002006-08-10T09:56:04.653-07:00

Oil prices have already risen sharply and gasoline prices are expected to follow after this week's shutdown of one of North America's biggest oil fields. An expert in the energy industry says it's a reminder of how fragile the oil supply really is.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155228779062857362006-08-10T09:51:00.000-07:002006-08-10T09:52:59.203-07:00

When all the factions of the New World Order unify behind a major geopolitical event, it usually signals disaster. These significant moments usually come when there is unanimous elite support for violent, large-scale criminal activity.( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155228633155657522006-08-10T09:49:00.000-07:002006-08-10T09:50:33.246-07:00

Heat waves, hurricanes, forest fires, floods, droughts, air pollution alerts, high energy prices, electrical service disruptions, species loss, intense global competition for energy supplies and energy wars are all sending a loud, clear message: It is time for an energy transformation. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155228483323932802006-08-10T09:47:00.000-07:002006-08-10T09:48:03.473-07:00

It's a small group: three members of the Unitarian church we're gathered in, an engineer from Mexico, a smattering of activists, and a Pacifica Radio reporter. The meeting opens - the second of the just-hatched Houston Climate Protection Alliance - by talking about what each at the table has done to cut down on their fossil-fuel use. ( Read on )

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155228436181351902006-08-10T09:45:00.000-07:002006-08-10T09:47:16.470-07:00

With continued high prices, strong investment and unconventional sources, there should be plenty of oil to meet demand through 2015, despite disruptions, a research group reported on Tuesday. Cambridge Energy Research Associates said a field-by-field analysis projects worldwide capacity should rise to 110 million barrels per day in 2015 from 88.7 million bpd currently, with unconventional sources

Oil Shocknoreply@blogger.com0tag:blogger.com,1999:blog-22412760.post-1155227625170531522006-08-10T09:30:00.000-07:002006-08-10T09:33:45.646-07:00

A new blog launched recently seeks to explore health care options after peak oil. "Because modern medicine runs on fossil fuel, just like the rest of our society, it is vulnerable to rising oil prices and supply disruptions", says blog founder.( Read on )

Oil Shocknoreply@blogger.com0