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News from August 2005

Hurricane Katrina Evacuation and Production Shut-in Statistics as of August 30

Hurricane Katrina Evacuation and Production Shut-in Statistics as of August 30 thumbnail

Today


The Clusterfuck Nation Chronicle

The Clusterfuck Nation Chronicle thumbnail

Waiting for Hurricane Katrina to land on New Orleans this morning, the news reports are ominous. But the photo above (posted on Internet news services) says a lot to me about the current condition of the American people. While we know many of those who sought shelter in the New Orleans Superdome are poor and […]


Norway may join Indian exploration forays in Russia, Gulf

Norway may join Indian exploration forays in Russia, Gulf thumbnail

Norwegian state-owned companies Norsk Hydro and Statoil are likely to join Indian counterparts in exploration forays in Russia, North Africa, the Gulf region and in Latin America under cooperation agreements to be signed soon.Petroleum Minister Mani Shankar Aiyar is currently in Norway heading a high-level delegation on a three-day visit during which several bilateral cooperation […]


The Role of Technology in Meeting Current and Future Petroleum Energy Demand

The Role of Technology in Meeting Current and Future Petroleum Energy Demand thumbnail

The current debate over


The Oil Drum: LOOP, Industry Insiders, and What’s Going On

The Oil Drum: LOOP, Industry Insiders, and What’s Going On thumbnail

With this level of devastation, predictions of short-term resolution are becoming increasingly unrealistic. With the LOOP unavailable and the distribution networks also closed, the impact on gas will slowly spread throughout the country. We highlighted the problems of gas supply in South Florida, because this is already being discussed, and they are heavily dependant on […]


India needs gas from Iran, Turkmenistan: PM

India needs gas from Iran, Turkmenistan: PM thumbnail

Highlighting India’s energy requirements, Prime Minister Manmohan Singh said on Sunday it would prefer to have gas pipelines from both Iran and Turkmenistan passing through Pakistan and Afghanistan. “It is not a question of preferring one over the other,” the Prime Minister said at a joint press conference with Afghanistan President Hamid Karzai when asked […]


Iraqis to repair wells after Westerners hesitate

Iraqis to repair wells after Westerners hesitate thumbnail

An Iraqi state-owned company has been given the job of repairing oil wells that sit on large, lucrative oil reserves in the country’s south a decision likely to mean additional months of pumping delays for an industry already suffering from sabotage and lost revenues. The decision by US officials came after US and other Western […]


Iran

Iran thumbnail

 Iranhttp://www.tehrantimes.com/Description.asp?Da=8/30/2005&Cat=9&Num=3


Crude Oil Rises to Record After Hurricane Damages Platforms

Crude Oil Rises to Record After Hurricane Damages Platforms thumbnail

Crude oil rose to a record for a second day after Hurricane Katrina shut about 92 percent of production in the Gulf of Mexico. Royal Dutch Shell Plc said its 220,000 barrel-a-day Mars platform, equivalent to 15 percent of total U.S. Gulf oil output, suffered damage. Katrina crossed the U.S. coast yesterday after closing the […]


American Scientist Online – The End is Nigh

American Scientist Online – The End is Nigh thumbnail

American Scientist Online discusses James H. Kunstler’s book ‘The Long Emergency’ ….Beginning with the story of Edwin L. Drake, who drilled the world’s first oil well in northwestern Pennsylvania in August 1859, Kunstler takes us through the development of the global oil-based economy of the 20th and early 21st centuries. He carefully traces the origins […]


Oil price bubble ’set to burst’

Oil price bubble ’set to burst’ thumbnail

Sydney – Record oil prices this week are evidence of a speculative market bubble that is set to burst in the next 12 months and make the hi-tech crash of 2000 “look like a picnic”, business publisher Steve Forbes said Tuesday. The price of light sweet crude topped $70 a barrel on Monday as Hurricane […]


SAA braces for oil ride

SAA braces for oil ride thumbnail

Johannesburg – South African Airways (SAA) Chief Executive Officer Khaya Ngqula said in a statement on Tuesday that the coming year would be particularly tough because of the sky rocketing oil price and the difficult global environment. Speaking after the airline’s Annual General Meeting in Johannesburg, he said SAA would put in place plans to […]


Storm worsens gas problems

Storm worsens gas problems thumbnail

Hurricane Katrina slammed into wallets across the country Monday as the storm closed nearly all operations in the energy-rich Gulf of Mexico. That drove up the wholesale price of gasoline and kicked up retail gas prices as much as 50 cents a gallon in areas hit by Katrina. It’s expected to pump up already high […]


Republicans accused of witch-hunt against scientists

Republicans accused of witch-hunt against scientists thumbnail

Some of the United States’s leading scientists have accused Republican politicians of intimidating climate-change experts by placing them under unprecedented scrutiny. A far-reaching inquiry into the careers of three of the US’s most senior climate specialists has been launched by Joe Barton, the chairperson of the House of Representatives committee on energy and commerce. He […]


Nigeria unions to fight fuel hike

Nigeria unions to fight fuel hike thumbnail

Nigeria’s two biggest labour unions have agreed to fight the 30% increase in fuel in defiance of a new law banning unilateral strike action. Last year the Nigerian Labour Congress (NLC) called three crippling general strikes against fuel prices rises. The NLC and the Trade Union Congress (TUC) said they are meeting to decide when […]


Energy: The catalyst for conflict

Energy: The catalyst for conflict thumbnail

Numerous recent and seemingly unconnected events have highlighted the emerging fulcrums of potential alliances in Asia, as well as the possible focal points of conflict.…At present there are no clear alliances in Asia. Instead, there are numerous permutations and combinations of alliances that may be formed. All sides are hedging their bets and preparing for […]


Bush: Gulf Coast ‘Hit Hard’ by Katrina, No Word on SPR

Bush: Gulf Coast ‘Hit Hard’ by Katrina, No Word on SPR thumbnail

President George W. Bush said the nation’s Gulf Coast is “getting hit and hit hard” by Hurricane Katrina, but didn’t confirm that the government will lend refiners crude oil from the Strategic Petroleum Reserve. In remarks Monday at the Pueblo El Mirage RV Resort and Country Club in El Mirage, Arizona, the president urged citizens […]


Ukraine to boost efforts on nuclear energy, coal industry

Ukraine to boost efforts on nuclear energy, coal industry thumbnail

Ukraine’s Prime Minister Yulia Tymoshenko has said her country would make more efforts to develop its nuclear energy and coal industry, local media reported Monday. She said nuclear power stations would be built in line with international security standards, thus increasing the proportion of self-supplied energy in Ukraine’s total energy consumption. .. Encouraged by the […]


Oil blocks: N-Delta groups threaten Chinese, Koreans

Oil blocks: N-Delta groups threaten Chinese, Koreans thumbnail

Groups in the Niger Delta have warned the Chinese and Korean National Petroleum Companies not to set foot in the area after they succeeded in dispossessing sons and daughters of the area of oil and gas blocks in the just concluded 2005 oil blocks licensing round.… “It is bad enough that leaders of this country […]


White House may release oil from stockpile

White House may release oil from stockpile thumbnail

The White House said Monday it was willing to use the government’s emergency oil stockpile to help refiners hurt by Hurricane Katrina’s rampage through the Gulf of Mexico, but that it was too early to decide if or how much crude should be released. The storm slammed into New Orleans on Monday with winds of […]


Belgium offers to redistribute oil money

Belgium offers to redistribute oil money thumbnail

As oil prices continue to rise, in Belgium, politicians have come up with a plan to take pressure off consumers. Each household is to receive the sum of 75 euros by the end of the year toward their fuel bills. EuroNews


China’s thirst for oil fuels potential global flashpoint

China’s thirst for oil fuels potential global flashpoint thumbnail

China’s growing thirst for oil will place a greater strain on the world’s top supplier, Saudi Arabia, at the very time doubts are being raised about the kingdom’s ability to substantially increase production. Should output falter in Saudi Arabia and other Middle East nations, some analysts warn of growing tension – or even conflicts – […]


U.S. Economy May Slow From Hurricane’s Effect on Oil Supply

U.S. Economy May Slow From Hurricane’s Effect on Oil Supply thumbnail

A jump in fuel prices caused by production and supply bottlenecks after Hurricane Katrina would do more to slow the U.S. economy than the demand-driven price increases of the past two years, economists said. Katrina, the Gulf Coast’s worst storm since 1969, may disrupt crude-oil production and keep refineries responsible for more than 10 percent […]


Venezuela to Sell Cut-Price Heating Oil to U.S. Poor

Venezuela to Sell Cut-Price Heating Oil to U.S. Poor thumbnail

Venezuela’s President Hugo Chavez said on Monday his government plans to sell as much as 66,000 barrels per day of heating fuel from its U.S. Citgo refinery to poor communities in the United States. The offer, made after populist Chavez held talks with U.S. civil rights activist Rev. Jesse Jackson, would represent 10 percent of […]


Special Report: Areas Most Affected By Hurricane Katrina

Special Report: Areas Most Affected By Hurricane Katrina thumbnail

In terms of exploration, more than half of the 231 offshore rigs (excluding inland barges) currently working in the US Gulf of Mexico were in Katrina’s path. A total of 48 rigs lay within the most adversely affected areas where winds were at hurricane force, blowing in excess of 74 MPH. Another 69 rigs were […]


Can’t the government help with gas prices?

Can’t the government help with gas prices? thumbnail

Higher gasoline prices are on most readers minds these days. That has many asking: why isn’t the government do anything to keep them from going higher? CAN’T GOVERNMENT HELP? Americans living on fixed incomes cannot afford to drive. We need some sort of government help. … IS ANYONE INVESTIGATING PRICE GOUGING Why does the price […]


Heading Out from TOD on BBC5 at 9pEDT

Heading Out from TOD on BBC5 at 9pEDT thumbnail

This evening, Heading Out of The Oil Drum, under his second pseudonym of “Olly,” will be on BBC5 tonight at 9EDT (I think his segment starts at :10 after) talking blogging, peak oil, and who knows what else. BBC5 Link


Hurricane May Spell More Trouble This Winter

Hurricane May Spell More Trouble This Winter thumbnail

As with all storms, Hurricane Katrina will pass, but its long-term impact will linger and possibly set a new precedent for energy prices, especially as the market preps for the winter season, analysts said. “This single storm could be the catalyst pushing crude oil into a more sustained period over $70,” said Agebli Ameko, a […]


Stocks Rally, But Watch the Damage Reports

Stocks Rally, But Watch the Damage Reports thumbnail

And the Louisiana Offshore Oil Port is concerned it can’t deliver oil supplies to the Midwest. LOOP, as it is known in the industry, allows supertankers that can’t get into U.S. ports to unload oil supplies at a platform off Louisiana’s coast. The oil is pumped ashore from there and into a national network of […]


Louisiana Officials Fear Major Oil and Gas Corridor May Be Under Water

Louisiana Officials Fear Major Oil and Gas Corridor May Be Under Water thumbnail

The biggest transportation item of concern right now is an old nine-mile connector of LA 1 to Port Fourchon. The connector carries 18% of the nation’s oil and gas supply. Moreover, the connector links to Grand Isle’s Barrier Island, which is inhabited. “We are almost certain that the whole connector may be underwater,” says Lambert. […]


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