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Hoarding is exactly what the government is doing right now by filling the SPR, and frankly it's the best thing that could happen. It drives prices up. High prices encourage demand destruction. They also finance new well development. The hoarded oil gives us a buffer to fall back on once shortages become more prevalent. High prices are what we need in order to adapt to what's coming, and the sooner they happen, the better.

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Stories Archive

Peak Oil News: May 2004

ArticlescommentsreadsScoreDateActions
· Iraqi Oil Exports Hit $10 Billion172002004-05-31Printer Friendly Page Send this Story to a Friend
· N.Y. Crude Oil May Rise as Saudi Attack Raises Supply Concern169002004-05-31Printer Friendly Page Send this Story to a Friend
· Saudi Arabia: Oil-Sector Experts Try To Gauge Impact Of Terror Attack369802004-05-31Printer Friendly Page Send this Story to a Friend
· Investigating phantom barrels in the oil sands286802004-05-31Printer Friendly Page Send this Story to a Friend
· Don't Gripe About Gas Prices180252004-05-31Printer Friendly Page Send this Story to a Friend
· The Empire at Oil's End28054.52004-05-31Printer Friendly Page Send this Story to a Friend
· PowerDown review by Bruce Thomson2153852004-05-30Printer Friendly Page Send this Story to a Friend
· Do we have to beg for affordable oil?273302004-05-30Printer Friendly Page Send this Story to a Friend
· A Saudi Riddle280802004-05-30Printer Friendly Page Send this Story to a Friend
· Solar Concentrators Tackle the Hydrogen Test076202004-05-30Printer Friendly Page Send this Story to a Friend
· ten billion barrels of North Sea oil could remain untapped180302004-05-30Printer Friendly Page Send this Story to a Friend
· Big oil collides with traditional life in Saudi desert165302004-05-30Printer Friendly Page Send this Story to a Friend
· Coal May Shine Again170502004-05-30Printer Friendly Page Send this Story to a Friend
· The die-off begins at the bottom189802004-05-30Printer Friendly Page Send this Story to a Friend
· Future of Natural Gas Supply070302004-05-30Printer Friendly Page Send this Story to a Friend
· 3rd International Workshop On Oil & Gas Depletion273702004-05-30Printer Friendly Page Send this Story to a Friend
· Alaska ranks as priciest place to produce oil175302004-05-30Printer Friendly Page Send this Story to a Friend
· Oil Mergers Saw Gas Prices Tick Up - GAO065202004-05-30Printer Friendly Page Send this Story to a Friend
· Latest al-Qa'ida attack puts Saudi oil industry in question272902004-05-30Printer Friendly Page Send this Story to a Friend
· Economy to ride out oil turmoil066822004-05-29Printer Friendly Page Send this Story to a Friend
· 16 Dead In Attack On Halliburton Oil Compound In Saudi Arabia175202004-05-29Printer Friendly Page Send this Story to a Friend
· Militants kill 11, take hostages in assault on Saudi oil sector275702004-05-29Printer Friendly Page Send this Story to a Friend
· Britain condemns deadly attacks in Saudi Arabia053402004-05-29Printer Friendly Page Send this Story to a Friend
· Are We Out of Gas?064802004-05-29Printer Friendly Page Send this Story to a Friend
· America's wake-up call177702004-05-29Printer Friendly Page Send this Story to a Friend
· 'Al-Qaeda' claims triple attacks in Saudi oil centre371702004-05-29Printer Friendly Page Send this Story to a Friend
· As prices rise, crime happens more often170902004-05-29Printer Friendly Page Send this Story to a Friend
· The oil 'crisis' of 2004066602004-05-29Printer Friendly Page Send this Story to a Friend
· Russia will boost oil production to capitalize on high prices175102004-05-29Printer Friendly Page Send this Story to a Friend
· Mabro On The Futures Markets And The Price Of Oil169902004-05-29Printer Friendly Page Send this Story to a Friend
· Encourage House to Include Energy Tax Incentives in FSC/ETI Bill179702004-05-29Printer Friendly Page Send this Story to a Friend
· Oil field found in Gansu Province069002004-05-29Printer Friendly Page Send this Story to a Friend
· New air-quality rules possible for Alyeska274202004-05-29Printer Friendly Page Send this Story to a Friend
· A Look at Saudi Arabia Attacks172302004-05-29Printer Friendly Page Send this Story to a Friend
· Florida, Louisiana Gas Stations Halt Sales of Bad Fuel2100902004-05-29Printer Friendly Page Send this Story to a Friend
· Royal Dutch Petroleum Company Annual Report 2003269102004-05-28Printer Friendly Page Send this Story to a Friend
· Cooling China's economy and red-hot oil prices176102004-05-28Printer Friendly Page Send this Story to a Friend
· Global Instability Helping Push Up Oil Prices064702004-05-28Printer Friendly Page Send this Story to a Friend
· Pacific Research 2004 Enviromental Study069302004-05-28Printer Friendly Page Send this Story to a Friend
· 500,000 due to strike against high gasoline prices073122004-05-28Printer Friendly Page Send this Story to a Friend
· Hollywood Activist Group TV Ad Targets Cost of Gas081102004-05-28Printer Friendly Page Send this Story to a Friend
· America can't afford to be fuelish067702004-05-28Printer Friendly Page Send this Story to a Friend
· America's Gasoline Dangerously Inexpensive39614.42004-05-28Printer Friendly Page Send this Story to a Friend
· Renewable Energy Targets Derailed in Europe075502004-05-28Printer Friendly Page Send this Story to a Friend
· Toronto Star: We are finally running out of cheap gas — good393802004-05-28Printer Friendly Page Send this Story to a Friend
· New refinery unlikely in U.S., oil CEO says062002004-05-28Printer Friendly Page Send this Story to a Friend
· Saudis ready to pump full tilt if demand calls274002004-05-28Printer Friendly Page Send this Story to a Friend
· Energy officials assess industry challenges069702004-05-27Printer Friendly Page Send this Story to a Friend
· Terrorists are now targeting Saudi Arabia's oil infrastructure.273202004-05-27Printer Friendly Page Send this Story to a Friend
· PetroChina makes major oil discovery067702004-05-27Printer Friendly Page Send this Story to a Friend
· The Peak in U.S. Coal Production381002004-05-27Printer Friendly Page Send this Story to a Friend
· Florida subpoenas 8 oil companies over soaring gas prices063102004-05-27Printer Friendly Page Send this Story to a Friend
· CNN Special: GAS PAINS180402004-05-27Printer Friendly Page Send this Story to a Friend
· Iraq and the hidden euro-dollar wars292202004-05-27Printer Friendly Page Send this Story to a Friend
· Is stormy weather ahead? Matt Simmons presentation181202004-05-27Printer Friendly Page Send this Story to a Friend
· Oil Price Settles at New High282402004-05-25Printer Friendly Page Send this Story to a Friend
· 'Inadvertant shutdown' occurs on Mars oil pipeline in the Gulf of Mexico285502004-05-25Printer Friendly Page Send this Story to a Friend
· Drivers Eye Vegetable Oil As Cheap Fuel1133012004-05-24Printer Friendly Page Send this Story to a Friend
· China takes steps to start oil reserve171302004-05-24Printer Friendly Page Send this Story to a Friend
· Soaring oil prices are music to investors ears172902004-05-24Printer Friendly Page Send this Story to a Friend
· Shell cuts oil reserves... again163702004-05-24Printer Friendly Page Send this Story to a Friend
· Dow Down as Oil Prices Near 21-Year High060902004-05-24Printer Friendly Page Send this Story to a Friend
· Gasoline Price Rises $0.14 in 14 Days275002004-05-24Printer Friendly Page Send this Story to a Friend
· CHINA: Oil price hike worsens energy problems169402004-05-23Printer Friendly Page Send this Story to a Friend
· Simmons on SA281902004-05-23Printer Friendly Page Send this Story to a Friend
· ''Never doubt what Saudi Arabia says..''174002004-05-23Printer Friendly Page Send this Story to a Friend
· Addicted to oil163352004-05-23Printer Friendly Page Send this Story to a Friend
· Russia set to strike deal: Kyoto pact for WTO bid177802004-05-23Printer Friendly Page Send this Story to a Friend
· Big European investment in fusion research.074502004-05-23Printer Friendly Page Send this Story to a Friend
· Amazing Survival Story - Foreshadowing From Portland4125012004-05-22Printer Friendly Page Send this Story to a Friend
· Iraq to revive national oil company064402004-05-22Printer Friendly Page Send this Story to a Friend
· Bush to Congress: permit new oil drilling055802004-05-22Printer Friendly Page Send this Story to a Friend
· OPEC Delays Decision on Boosting Oil-Production Quota167102004-05-22Printer Friendly Page Send this Story to a Friend
· Future of Natural Gas Supply272512004-05-22Printer Friendly Page Send this Story to a Friend
· Saudi Arabia Offers To Increase Output By About 6%164252004-05-22Printer Friendly Page Send this Story to a Friend
· India will invest $1 billion per year in acquiring oil and gas fields abroad.058002004-05-22Printer Friendly Page Send this Story to a Friend
· Natural gas set to displace oil on world stage060502004-05-21Printer Friendly Page Send this Story to a Friend
· China to invest $5000 million in Nigeria oil sector187932004-05-21Printer Friendly Page Send this Story to a Friend
· ''I don't think that control is in OPEC's hands,''183002004-05-21Printer Friendly Page Send this Story to a Friend
· Opec plays down oil output boost165402004-05-21Printer Friendly Page Send this Story to a Friend
· Future Car - Watch Online282402004-05-21Printer Friendly Page Send this Story to a Friend
· CNN: Concerns grow about world oil reserves183702004-05-21Printer Friendly Page Send this Story to a Friend
· OPEC Offers No Help With Fuel Prices272632004-05-21Printer Friendly Page Send this Story to a Friend
· New System for Resource Classification170002004-05-21Printer Friendly Page Send this Story to a Friend
· DOE Launch 'Powerful Savings' Campaign To Help Consumers Reduce Energy Bills174502004-05-21Printer Friendly Page Send this Story to a Friend
· Doomsters are wrong - there's plenty of oil179302004-05-21Printer Friendly Page Send this Story to a Friend
· The world economy remains vulnerable to the price of oil065402004-05-21Printer Friendly Page Send this Story to a Friend
· Airlines Deal with High Fuel Costs386352004-05-21Printer Friendly Page Send this Story to a Friend
· Venezuela increasing crude oil production 5 million bpd by 2009273602004-05-20Printer Friendly Page Send this Story to a Friend
· Waste-to-oil company selling oil commercially383102004-05-20Printer Friendly Page Send this Story to a Friend
· Cheap-Oil Era Is Far From Over, Analyst Says066802004-05-20Printer Friendly Page Send this Story to a Friend
· News? Al Jazeera266002004-05-20Printer Friendly Page Send this Story to a Friend
· What lies ahead in global oil crisis077342004-05-20Printer Friendly Page Send this Story to a Friend
· Earth's oil gauge on low?184602004-05-20Printer Friendly Page Send this Story to a Friend
· Programme Booklet for Oil & Gas Depletion Workshop Now Available168202004-05-20Printer Friendly Page Send this Story to a Friend
· Energy Partners Strikes at East Cameron 161 Well069702004-05-20Printer Friendly Page Send this Story to a Friend
· Will We Run Out of Energy?170202004-05-20Printer Friendly Page Send this Story to a Friend
· 65% of the world's gas supply ... is now in decline .. and175602004-05-20Printer Friendly Page Send this Story to a Friend
· Iraq oil loss set to drive prices higher266102004-05-20Printer Friendly Page Send this Story to a Friend
· Is Oil Predicting a Stock Market Crash?484602004-05-19Printer Friendly Page Send this Story to a Friend
· China to invest in crude oil pipeline in Kazakhstan072002004-05-19Printer Friendly Page Send this Story to a Friend
· and another thing ... Innovation over a barrel171202004-05-19Printer Friendly Page Send this Story to a Friend
· David Goodstein Q & A270732004-05-18Printer Friendly Page Send this Story to a Friend
· RELEASE THE EMERGENCY RESERVES164902004-05-18Printer Friendly Page Send this Story to a Friend
· oil ministers prepare for emergency talks062602004-05-18Printer Friendly Page Send this Story to a Friend
· the end of cheap oil064502004-05-18Printer Friendly Page Send this Story to a Friend
· A dieoff scenario by Jay Hanson387702004-05-18Printer Friendly Page Send this Story to a Friend
· Uppsala Hydrocarbon Depletion Study Group070102004-05-18Printer Friendly Page Send this Story to a Friend
· ''Simply put, oil is a runaway train,''070502004-05-17Printer Friendly Page Send this Story to a Friend
· US gasoline price at record high $2.017 a gallon369512004-05-17Printer Friendly Page Send this Story to a Friend
· Gas-station owners aren't getting rich off gas price hikes078802004-05-17Printer Friendly Page Send this Story to a Friend
· Iraq's Governing Council head killed267202004-05-17Printer Friendly Page Send this Story to a Friend
· New Oil Storage Facility To Be Constructed069402004-05-17Printer Friendly Page Send this Story to a Friend
· Big oil reservoirs are becoming harder to find and more expensive to develop.276202004-05-17Printer Friendly Page Send this Story to a Friend
· Roadside bomb containing sarin nerve agent explodes in Iraq280702004-05-17Printer Friendly Page Send this Story to a Friend
· Record Coal Producing Pit Closed and Abandoned071302004-05-16Printer Friendly Page Send this Story to a Friend
· Dr. Eugene Mallove is dead275302004-05-16Printer Friendly Page Send this Story to a Friend
· A Little Secret the Government Doesn't Want You To Know299012004-05-16Printer Friendly Page Send this Story to a Friend
· An oil-driven recession does not look at all far-fetched. It is, all in all, an28494.52004-05-16Printer Friendly Page Send this Story to a Friend
· At last, some honesty from the Government on oil!281242004-05-16Printer Friendly Page Send this Story to a Friend
· IFP chief says industry's key challenges are fossil-energy supply, climate chang167402004-05-16Printer Friendly Page Send this Story to a Friend
· Sixty Days One Summer - Entertainment171902004-05-16Printer Friendly Page Send this Story to a Friend
· Cold Turkey - By Kurt Vonnegut1225452004-05-16Printer Friendly Page Send this Story to a Friend
· ASPO Newsletter #41174002004-05-15Printer Friendly Page Send this Story to a Friend
· No oil crisis, yet073402004-05-15Printer Friendly Page Send this Story to a Friend
· Facing up to the reality of a new oil crisis282002004-05-15Printer Friendly Page Send this Story to a Friend
· Inflation Puts High Crude Oil Prices in Perspective274002004-05-15Printer Friendly Page Send this Story to a Friend
· Fluctuating Oil Prices 'No Cause for Alarm'068002004-05-15Printer Friendly Page Send this Story to a Friend
· Andrew McKillop: Why we need oil at US$60 a barrel170002004-05-15Printer Friendly Page Send this Story to a Friend
· 270 cows generating electricity for farm Methane068102004-05-14Printer Friendly Page Send this Story to a Friend
· Analyst: Era of $30 oil nearing end290042004-05-14Printer Friendly Page Send this Story to a Friend
· Europe Leading World Into Age of Wind Energy483812004-05-14Printer Friendly Page Send this Story to a Friend
· Oil at 21-Year High on Supply Strains273002004-05-14Printer Friendly Page Send this Story to a Friend
· Boom Fuels Oil Demand in China578102004-05-14Printer Friendly Page Send this Story to a Friend
· US losing race for Russian oil deals168942004-05-14Printer Friendly Page Send this Story to a Friend
· N.Y. Crude Oil Rises to Record on U.S. Gasoline Supply Concern380402004-05-14Printer Friendly Page Send this Story to a Friend
· INTERVIEW-No room for Russia to raise oil exports064102004-05-14Printer Friendly Page Send this Story to a Friend
· Commentary: Why the coming oil crisis will be structural178502004-05-13Printer Friendly Page Send this Story to a Friend
· Saudi Aramco amenable to improving reserve data179752004-05-13Printer Friendly Page Send this Story to a Friend
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