Energy Tech Stocks – The Question Wall Street is Ignoring but the World Can’t: Is Oil Production Falling Faster Than Demand?
Every Wall Street forecast of where oil prices are headed next – up or down – seems to be based solely on the degree of “demand destruction” that can be expected. But what about “supply destruction?” Whatever the level of demand destruction, if supply destruction is greater, oil prices will rise, not fall.
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The Ecologist - Poison Fire
Environmentalists arrested at community meeting on gas flaring
Journalists, community elders, woman and children were among the 25 arrested at a community forum on gas flaring at Iwherekan community, Delta state, Nigeria.
The arrests were made by Nigerian soldiers this Tuesday who held the detainees for five hours before releasing them.
The Iwherekan community is blighted by gas-flaring as a result of oil extraction by Shell.
more fromwww.theecologist.org
POLITICS-US: Canada's Tar Sands Lobbyists Focus on Democrats
As the U.S. election campaign kicks into overdrive, Canadian politicians and oil executives are stepping up lobbying efforts to make sure whoever controls the White House keeps purchasing notoriously dirty oil from the Alberta tar sands.
Executives from Nexen energy, which has major investments in northern Alberta's heavy oil industry, and Tony Clement, chair of a Canadian cabinet committee on energy security, met with Democratic candidate Barack Obama's top energy advisor Jason Grumet late last week to cement the "energy partnership" during the Democratic National Convention in Denver, Colorado.
more fromwww.ipsnews.net
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Katrina And Rita Provide Glimpse Of What Could Happen To Offshore Drilling If Gustav Hits Gulf
Shortly after Hurricanes Katrina and Rita hit the U.S., Rice University civil and mechanical engineering professor Satish Nagarajaiah studied damage done to offshore drilling platforms in the Gulf of Mexico.
more fromwww.sciencedaily.com
What Happened to Peak Oil? - Seeking Alpha
Up until Tuesday, oil was crashing down toward $110 a barrel as demand growth estimates have been clipped. So what happened to peak oil? Nothing happened; peak oil should still be a concern.
For a larger context on peak oil, see my June post 'Peak oil: are we there yet?' From where I sit, I see oil as having played a major role in creating the downturn we are now experiencing. Basically, oil prices rose to the point where we cried uncle, reduced our consumption accordingly, and the economy suffered as a result. Before 1973, the world had never see an oil shock. But, this is the 4th such oil shock since the end of Bretton Woods in 1971 when Nixon ended the U.S. dollar peg to gold and ushered in an era of floating currencies. Methinks I see a connection.
more fromseekingalpha.com
AFP: US seeks to offset Russian energy dominance
Washington will seek to boost alliances and offset Russian energy dominance when Vice President Dick Cheney visits Georgia, Azerbaijan and Ukraine next week, a White House official said.
In light of rising tensions with Russia over its conflict with Georgia, Cheney's trip is part diplomatic mission, part effort to boost alternate pipeline routes that would reduce Europe's dependence on Russian oil and gas.
more fromafp.google.com
An urban legend to comfort America: our massive reserves of unconventional oil « Fabius Maximus
Summary: The bad news is that much of the good news about energy is wrong. Repeated so confidently by so many for so long, these fallacies have become a major obstacle to our preparation for peak oil. This post examines one such fallacy: that the world has massive reserves of unconventional oil, and that those will prevent peak oil.
This post substantially expands to my replies in a discussion with M. Simon, lifted from the comments to ”A powerful perspective on the candidates for President of the US“. M. Simon posts actively on his blog, Power and Control, and at Classical Values– an influential libertarian weblog discussing politics, current affairs and pop culture (to which the Instapundit frequently links). M. Simon is an engineer, and involved in some cutting edge projects.
more fromfabiusmaximus.wordpress.com
UPDATE: MMS:US Gulf Producers Shut In 77% Oil, 37% Gas Output
The agency said personnel have been evacuated from a total of 223 production platforms, equivalent to 31.1% of the 717 manned platforms in the Gulf of Mexico. Most of the major producers, including the two largest - Royal Dutch Shell PLC (RDSA) and BP PLC (BP) have announced a total halt to offshore operations ahead of Gustav's arrival in the region. Others, including Chevron Corp. (CVX), have partially cut production linked to platforms shut down by other producers.
more frommoney.cnn.com
The Mexican reforms | Energy Bulletin
In the vast interior of rural México, awareness of an approaching energy and economic tsunami is below even Alert Azul, the first stage of a hurricane watch. For those who read the newspapers or follow television there is no shortage of news about the usual political scuffling between Presidente Felipe Calderón Hinojosa and opposition party leader José Ramiro López Obrador concerning Cantarell oil field’s breathtaking 14% annual decline rate. People just don’t seem to register it as anything other than the usual politics that goes on in México City, a world away from their lives planting corn, grinding steel, or serving tourists with poolside Margaritas.
more fromwww.energybulletin.net
YouTube - Technology Management Program UCSB: Energy Peak Oil
Peak oil theory states that oil will have a beginning, middle, and an end of production, and at some point it will reach a level of maximum output. It is estimated that approximately half of all oil...
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The Fifth U.S. Conference on Peak Oil and Community Solutions
This year's conference, enhanced through a partnership between Community Solutions and Upland Hills Ecological Awareness Center, is organized around Community Solutions executive director Pat Murphy's just published book, Plan C: Community Survival Strategies for Peak Oil and Climate Change. The book, and this conference, "point to the life we must lead, if we are to survive on this planet."
more fromwww.plancconference.info
The Oil Drum | Supply and Demand on a Full Planet - ASPO VI Speech by Nate Hagens
Next month is the ASPO conference in Sacramento CA. Nate Hagens will be one of the speakers in the plenary (as well as on the Sunday TOD breakout panels). Here is a video of the talk he gave last year at the international ASPO VI venue in Cork Ireland. The speech covered net energy, energy properties and externalities on the supply side and addiction, relative fitness and steep discount rates from an evolutionary perspective on the demand side. Here is a link to the slides themselves, (which aren't fully shown at times on the video).
more fromwww.theoildrum.com
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Exxon agrees to pay out 75 percent of Valdez damages - Yahoo! News UK
Exxon Mobil agreed to pay out 75 percent of a $507.5 million (276 million pounds) damages ruling to settle the 1989 Exxon Valdez oil spill off Alaska, the Anchorage Daily News reported on Tuesday.
Citing both Exxon and the plaintiff's lawyer, the Anchorage Daily News said the oil giant will release about $383 million for distribution to the nearly 33,000 commercial fishermen and others who sued Exxon after the worst tanker crash in U.S. history.
more fromuk.news.yahoo.com
It's the Oil, stupid!, by Noam Chomsky
The deal just taking shape between Iraq's Oil Ministry and four Western oil companies raises critical questions about the nature of the US invasion and occupation of Iraq — questions that should certainly be addressed by presidential candidates and seriously discussed in the United States, and of course in occupied Iraq, where it appears that the population has little if any role in determining the future of their country.
more fromchomsky.info
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Newsvine - The Green Candidate's Record And Some Remarks On Oil
Cynthia Mckinney was last seen in a slap down with a White House Security guard who doesn't place much faith in his ability to remember faces. While I was feeling some sympathy when I discovered the old story on the internet recently, her position in this election is obviously to be an alternative of the same color as the the likely Democratic candidate. The little siphoning drain on what makes the candidate stand out. The 3rd party prospect can say, I voted for a better African American candidate when they subtract their vote from the Democrats.
more fromrenderedtruth.newsvine.com
Newsvine - Bush blames Democrats for high gas prices
President Bush on Saturday blamed the Democratic-led Congress for the high cost of gasoline and renewed his call for expanded offshore drilling to increase U.S. oil supplies.
more fromwww.newsvine.com
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Offshore Oil Drilling - Green 2008 Election Issues 101 - Obama and McCain Position on Offshore Oil - thedailygreen.com
Offshore drilling became a campaign issue as gasoline prices hit $4 a gallon. Public opinion polls show that not only do Americans want their elected leaders to do something about it, but they think drilling for oil on the continental shelf is a great idea.
more fromwww.thedailygreen.com
Newsvine - McCain touts drilling agenda from oil platform
Republican presidential candidate John McCain visited this oil platform in the Gulf of Mexico on Tuesday to call for increased offshore drilling that he claims would lower the cost of food and heating homes.
more fromwww.newsvine.com
Think Progress » McCain To Visit Oil Platform Owned By Chevron; McCain’s National Finance Co-Chairman Lobbies For Chevron
Today, Sen. John McCain (R-AZ) is touring an oil rig off the coast of Louisiana in order “to highlight his support for increased domestic offshore drilling.” Although he will not join McCain today, Louisiana Gov. Bobby Jindal (R) promoted McCain’s oil rig visit in an appearance on Fox and Friends this morning.
more fromthinkprogress.org
ThomHartmann.com - Transcript: Georgia and Oil rant, 11 August 2008
Thom fits recent events in Georgia into a historical context and into the competition for oil.
This is a very, very serious situation, what's going on in Georgia, and I want to take it, bring it out to the whole great big picture because the media won't do it. The corporate media won't do it. And the Republican Party definitely won't do it and the Democrats probably won't do it because they're all, by and large, to one degree or another, complicit in how this all came about. So let's just kind of play the way back machine here, all the way back to 1860. In 1860, I think it was 1865 or 1867 [1859], the first oil well, Colonel Drake drilled the first oil well in the United States in Titusville, Pennsylvania, the first gusher and thus began the American era of oil. And we had a hell of a lot of oil in the United States. Pennzoil was the Pennsylvania Oil Company.
more fromwww.thomhartmann.com
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