Theenergynet's Favorite Links on oil from Diigo

BBC NEWS | Business | Arctic 'has 90bn barrels of oil'

Sat, 26 Jul 2008 08:49:26 -0000

The Arctic is estimated to hold 90bn barrels of untapped oil, according to figures from the US Geological Survey (USGS).

The USGS says the area has three times as much untapped natural gas as oil.

Tags: energy energy.news oil arctic

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Newsvine - Effort to curb oil speculation stalls in Senate

Sat, 26 Jul 2008 08:46:01 -0000

Senate Democrats failed Friday to advance a measure to rein in oil market speculators, one of a series of efforts to tell voters they are serious about addressing $4-a-gallon gasoline, and they

Tags: energy energy.news oil

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Newsvine - GOP Kills Effort To Release Oil From U.S. Stockpile...is it really that simple?

Sat, 26 Jul 2008 08:43:01 -0000

House Republicans yesterday scuttled a bill that Democrats had hoped would help lower gasoline prices by forcing the Energy Department to release 70 million barrels of oil--about a three-day supply--from the national stockpile. Democrats promised that the action would have produced immediate relief at the pump, as was the case with similar releases in '91, 2000 and '05. The Strategic Petroleum Reserve now holds about 700 million barrels. Despite winning a clear 268-157 majority, the measure still lost. Democratic leaders had brought the proposal up for debate under rules requiring two-thirds vote to pass. But passing the bill by just a majority would have meant allowing Republicans to force a vote on new offshore drilling leases.

Tags: energy energy.news oil

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Speculators not behind oil rise: U.S. task force | Reuters

Fri, 25 Jul 2008 04:16:04 -0000

The Commodity Futures Trading Commission said on Tuesday that a government interagency task force has found that the huge jump in oil prices is due to "supply and demand factors" and that speculators are not to blame for high fuel costs.

Tags: energy energy.news oil peakoil

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William Rusher :: Townhall.com :: We Must Break Our Dependence on Oil

Wed, 23 Jul 2008 19:13:39 -0000

T. Boone Pickens is one of America's biggest independent oil producers, so he could be forgiven if he simply chose to sit back and pile up his profits. But the Texas entrepreneur is convinced that America must break its dependence on oil as a major source of energy, and has announced that over the next few weeks he is going to outline in the major media a plan for doing exactly that. He is right on the money, and I am going to listen carefully to what he has to say.

Tags: energy energy.news oil peakoil

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Growing risk of a shooting war over energy

Tue, 22 Jul 2008 02:55:33 -0000

Once again, the week's most important energy news has gone unreported by media in the U.S.

Most of the U.S. news media still doesn’t understand that the important energy news is happening outside the United States. Once again this week, cameras rolled as the White House and Congress bickered for partisan advantage, this time over offshore oil drilling. Meanwhile, half a world way, three events – one indicative of the growing risk of a shooting war over energy – were completely ignored.

Tags: energy energy.news oil security

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The peak oil crisis: The blackouts spread | Energy Bulletin

Mon, 21 Jul 2008 18:22:42 -0000

Of the 266 distinct nations or entities on the world today, nearly 100 are now reporting continuing energy shortages, mostly in the form of inadequate electricity supply, but in a growing number of cases, shortages of liquid fuels and natural gas. The actual number of countries affected is probably well over 100 but there are dozens of isolated island-states scattered around the world that are rarely heard from and are almost certainly suffering in silence while waiting for the next oil tanker to come in.

Tags: energy energy.news oil peakoil

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BBC NEWS | Africa | Nigerian 'blood oil' crew paraded

Mon, 21 Jul 2008 06:38:56 -0000

The Filipino crew of a boat laden with suspected stolen oil seized in Nigeria's oil-rich Delta region has been shown to journalists.

The military "paraded" them in front of local media in Warri, but they denied stealing crude oil.

Highlights and Sticky Notes:

Tags: energy energy.news oil nigeria

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The New Geopolitics of Energy

Sun, 20 Jul 2008 09:34:15 -0000

While the day-to-day focus of US military planning remains Iraq and Afghanistan, American strategists are increasingly looking beyond these two conflicts to envision the global combat environment of the emerging period--and the world they see is one where the struggle over vital resources, rather than ideology or balance-of-power politics, dominates the martial landscape. Believing that the United States must reconfigure its doctrines and forces in order to prevail in such an environment, senior officials have taken steps to enhance strategic planning and combat capabilities. Although little of this has reached the public domain, there have been a number of key indicators.

Tags: energy energy.news oil peakoil

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JUST: THE CRISES OF OUR TIME --- AND THE NEED FOR A PARADIGM SHIFT

Sun, 20 Jul 2008 00:07:39 -0000

For the first time in history the human family as a single entity is faced with multiple global crises, each of which has far-reaching implications for the future of our species. These crises are not just the consequences of specific events or even systemic flaws in say the global economic architecture. They are related to fundamental values and deeply entrenched worldviews. The solutions to these crises may require an unprecedented paradigm shift --- a radical shift in the way in which we look at ourselves, at others, and at the planet that we inhabit.

Tags: energy ecology energy.news eco.news oil

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Islanders without kerosene - Fiji Times Online

Sun, 20 Jul 2008 00:06:15 -0000

VILLAGERS of Dravuwalu on Totoya in Lau have been without kerosene for the past three months as a result of irregular shipping services.

Sikiti Cakacaka told The Fiji Times from Totoya it has been hard to cope without fuel, food or medical supplies.

Tags: energy energy.news oil peakoil

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Nations with vast oil wealth gaining clout - Los Angeles Times

Fri, 18 Jul 2008 19:56:20 -0000

Some autocratic governments are challenging U.S. policies and silencing domestic dissent. But their increased spending raises the risk of inflation, which could erode popular support.

Highlights and Sticky Notes:

Tags: energy energy.news oil

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Peak Moment Conversations » Blog Archive » 115: Calm Before the Storm

Fri, 18 Jul 2008 19:18:46 -0000

Richard Heinberg, author of “Peak Everything”, reviews the accelerating events since mid-2007, including the credit crunch and fossil fuel price volatility, noting that we’ve missed most of the best opportunities to manage collapse. He asks, “how far down the staircase of complexity will our global civilization have to go until we’re sustainable?

Highlights and Sticky Notes:

Tags: energy energy.news oil peakoil

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Peak oil is a done deal | Energy Bulletin

Fri, 18 Jul 2008 08:19:39 -0000

I now believe that the hypothesis of a near or medium-term peak in the world's oil supply is confirmed beyond any reasonable doubt. A shift in emphasis that speaks to reducing our demand for oil and examining alternatives to oil is now required. I will be taking that road in the future, leaving specific concerns about the oil supply behind.

Highlights and Sticky Notes:

Tags: energy energy.news oil peakoil

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Matt Simmons and the Five Psychological Stages of Grief | Energy Bulletin

Thu, 17 Jul 2008 20:03:38 -0000

This is a wonderful clip. Matt Simmons is the author of ‘Twighlight in the Desert’, is a leading US investment banker, and a long-term advocate of the peak oil argument. When he was asked to go on CNBC’s ‘Fast Money’ to discuss the high oil prices, he clearly stunned the presenters with his forthright analysis of society’s current perilous situation. When asked if $147 a barrel is a ‘wake up call’ he replied “yes, but we’re not having a wake up call, we’re having a witch hunt for who got us here”, a succinct analysis of the current world situation. What was especially fascinating to watch was when he was asked for his prognosis of the near future.

Tags: energy energy.news oil peakoil

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Farmers fight plans for new oil refinery - CNN.com

Thu, 17 Jul 2008 18:20:49 -0000

Farmland stretches as far as the eye can see -- row upon row of corn stalks waving in the breeze. It's an unlikely place to watch America debate its energy crisis but a battle is raging in this corner of South Dakota over what could be the nation's first new oil refinery in 30 years.
Farmer Dale Harkness wants future generations to enjoy the land in Elk Point, South Dakota, as it is now.

Farmer Dale Harkness wants future generations to enjoy the land in Elk Point, South Dakota, as it is now.
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Plans were kept secret for months but residents of Union County have now voted in favor of rezoning land for a $10-billion refinery capable of converting 400,000 barrels of Canadian oil into gasoline, diesel and jet fuel every day.

Highlights and Sticky Notes:

Tags: energy energy.news oil refinery southdakota

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Kudlow's Money Politic$ on National Review Online

Thu, 17 Jul 2008 18:17:52 -0000

In a dramatic move yesterday President Bush removed the executive-branch moratorium on offshore drilling. Today, at a news conference, Bush repeated his new position, and slammed the Democratic Congress for not removing the congressional moratorium on the Outer Continental Shelf and elsewhere. Crude-oil futures for August delivery plunged $9.26, or 6.3 percent, almost immediately as Bush was speaking, bringing the barrel price down to $136.

Now isn’t this interesting?

Tags: energy energy.news oil

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US military energy consumption- facts and figures | Energy Bulletin

Thu, 17 Jul 2008 18:12:04 -0000

As the saying goes, facts are many but the truth is one. The truth is that the U.S. military is the single largest consumer of energy in the world. But as a wise man once said, don't confuse facts with reality. The reality is that even U.S. Department of Defense (DoD) does not know precisely where and how much energy it consumes. This is my Fact Zero.

Below I give some facts and figures on U.S. military oil consumption based mostly on official statistics.[1] If you want to reproduce them make sure you read every footnote even if you need to put on your glasses. Also read the footnotes in this article.

Highlights and Sticky Notes:

Tags: energy energy.news oil peakoil military

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TheHill.com - Pelosi: Drilling in protected areas ‘a hoax’

Thu, 17 Jul 2008 18:09:53 -0000

House Speaker Nancy Pelosi (D-Calif.) on Thursday shut the door on expanding oil and gas drilling beyond areas that have already been approved for energy exploration, drawing a clear distinction from her counterparts in charge of the Senate.

“This call for drilling in areas that are protected is a hoax, it’s an absolute hoax on the part of the Republicans and this administration” Pelosi said at her weekly press conference. “It’s a decoy to punt your attention away from the fact that their policies have produced $4-a-gallon gasoline.”

Tags: energy energy.news oil ecology policy

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YouTube - Oil at $150 Next Week?

Wed, 16 Jul 2008 20:06:46 -0000

Tags: energy energy.news oil peakoil video

Posted by: theenergynet