Bush Administration reports humans cause warming.

Now that many believe the earth is headed for consequences that cannot be forestalled, the Bush Administration has coughed up its annual “Our Changing Planet” report, which for the first time acknowledges a likely human role in global warming:

The New Scientist
2004 edition, Our Changing Planet

Experts: Oil Production Peak Inevitable

The summer’s record high oil prices and tight supplies raise questions about how much oil is left. Though oil companies are seeking new discoveries, industry veterans agree oil production will hit a peak — though estimates on when vary from 10 to 40 years.

NPR

Survey Predicts Oil Price to Continue Fall

Aug. 27 (Bloomberg) — Crude oil’s five-day plunge since failing to reach $50 a barrel has convinced more traders and analysts that the price will continue to fall, according to a Bloomberg News survey. Bloomberg

Global Climate Change & Peak Oil Part III

Without the absorption of carbon by the oceans and the linked production of free oxygen by ocean phytoplankton, the Earth’s atmosphere would consist almost entirely of carbon dioxide, with a little bit of nitrogen. Temperatures would hover around 600

WSJ: US may be preparing to use the Strategic Petroleum Reserves

From Petroleumworld: “The U.S. may be preparing to tap the Strategic Petroleum Reserve, according to a story of the Wall Street Journal on Wednesday. The story got rumors going through the oil market that the Administration of President George W. Bush, concerned about the political and economic ramifications of high oil prices, is considering releasing […]

Petrol Oil & Gas Acquires Producing Kansas Oilfield

News Release For Immediate Release: August 26, 2004 Petrol Oil & Gas Acquires Producing Kansas Oilfield Producing Property to Generate Immediate Cash Flow LAS VEGAS, NV

Al Jazeera looks at depletion acceleration

Al Jazeera looks at the million-barrel-a-day depletion statistic, taking a closer look at depletion rates, and the likelihood that depletion plus rising demand may create an even faster depletion slope for remaining oil sources. Not a pretty picture.

Al Jazeera

U.S. Reports Gasoline Supply Is Unchanged, Oil Prices Drop

Crude oil futures fell for a fourth session, led by gasoline, after an Energy Department report showed that U.S. supplies of the fuel were unchanged last week. Crude Oil Falls After U.S. Reports Gasoline Supply Is Unchanged Aug. 25 (Bloomberg) — Crude oil futures fell for a fourth session, led by gasoline, after an Energy […]

Philadelphia Mainstream Newspaper on peak oil

Top story in business section of Philadelphia Inquirer (Cities main newspaper) quotes Deffeyes on speach to Americsn Chemical Society.
Title is “The Era of cheap oil is history”

http://www.philly.com/mld/inquirer/9490629.htm?1c

Andrew McKillop: Why we (still) need 60 dollars per barrel

From Petroleumworld: “Slowly, very slowly the worldhttp://www.petroleumworld.com/Ed082404.htm

British oil publication says 18 major oil producers are in decline

Petroleum Review – Editorial – August 2004 Global oil production now flat out By the time this is being read, currently available oil production capacity all around the world will be producing flat out. How sustainable this proves to be remains to be seen. For many years now non-Opec production has been operated at capacity, […]

Oil Prices Hold at $45

From Reuters: “The U.S. Energy Information Administration said commercial crude oil stocks fell last week by 1.7 million barrels to 291.3 million, hitting the lowest level since March. Crude stocks fell as refineries worked at 96 percent of capacity, eating up feedstocks at a rate of 16.05 million barrels per day (bpd). “We’re seeing runs […]

Banks Pull Out of TNK-BP Loan on Russian Risk Concerns

From Neftegaz: “25.08.2004 10:44 Two major European investment banks, Societe Generale and ING, have pulled out of a deal involving a large loan to Anglo-Russian oil group TNK-BP. The banks http://www.neftegaz.ru/english/lenta/show.php?id=50581 Citing unnamed banking sources, the newspaper

Crude Oil Rises on Expected Decline in U.S. Fuel Stockpiles

Oil for September delivery reached $49.40 a barrel on Friday, the last day the contract traded. It was the highest price since crude oil began trading in New York in 1983. bloomberg

Shell Settles Corporate Fraud Charges for $120 Million

Royal Dutch/Shell, one of the world’s largest oil companies, agreed yesterday to pay $120 million in penalties to settle charges of corporate fraud with the Securities and Exchange Commission for overstating its oil reserves. ML

Russia does not listen to America on oil pipeline locations

For a decade Washington has been backing the Turkish and Azerbaijan governments to steer the export of Caspian region crude oil away from Russia. Russia’s newest riposte has been to ally the Russian and Iranian oil industries, and open up the shortest, cheapest, and most lucrative oil route of all, southwards out of the Caspian […]

Short interview with Conrad Gerber (Pertologistics).

In a brief interview on the Swiss French radio this morning Conrad Gerber made some comments on the oil situation. ME violence’s, speculations, China and India’s consumption, but noting about peak oil. Conrad Gerber from Pertologistics made some comments on the oil situation in an interview on the Swiss radio. I translated it from French: […]

Road report ignores reality of ‘peak oil’, say Greens

Green Party co-leader Jeanette Fitzsimons is questioning the wisdom of building billions of dollars worth of new roads around the country, saying the rising price of oil will eventually leave them empty.

New Zealand Herald

Giant Hummer’s sales shrink

U.S. sales for the Hummer H2, the hottest vehicle on the market when it was launched about two years ago, have fallen nearly 22 percent so far this year. CNN

Welcome to peak oil

Bush camp hopes for change in pump politics

Retail gasoline prices may have slipped back in recent weeks, but in battleground states such as Ohio and other key Midwest states, the cost of a tank of gas continues to inch upwards. Gas prices have played to Kerry’s advantage – but that could change By James Harding Financial Times Updated: 12:29 p.m. ET Aug. […]

[Canadian] Energy firms spend more to find less oil, gas

“Canada’s petroleum industry spent a lot more money to find less oil and gas last year, Statistics Canada reported Monday, as the sector’s capital expenditures rose by nearly a third while conventional oil and gas production fell.” You will need a subscription or library service to view the full article, but you get the idea. […]

You can close the site now, energy problems are solved.

So claims a group of Aussie scientists at the University of New South Wales. Publication Date:24-August-04 Source: University of New South Wales Australian scientists predict that a revolutionary new way to harness the power of the sun to extract clean and almost unlimited energy supplies from water will be a reality within seven years. Using […]

Iraq resumes Kirkuk oil sales

Iraq plans to quietly resume sales of its Kirkuk crude for the first time since May, hoping to avoid further sabotage attacks on its vulnerable northern export line, traders said Monday.

CNN

No supply side answers to the coming oil crisis

Oil industry commentarist Andrew McKillop writes: One hangover from the ultraliberal 1980s (during which the New Economy emerged from the wreck of ” Keynesian economics “) is the myth or pious belief in so-called ’supply side solutions’. VHeadline.com

Web Site Helps Compare Gasoline Prices

PHILADELPHIA – Hate it when you fill ‘er up and, five minutes later, spot another station selling gas for a nickel a gallon cheaper? Jason Toews, a 30-year-old computer programmer from the Minneapolis suburbs, hated it even more when he couldn’t find an easy way to shop around. “I even tried calling up some of […]

Sunset for the oil business?

The world is about to run out of oil. Or perhaps not. It depends whom you believe. So is the oil really running out? The answer is easy: Yes. Nobody seriously disputes the notion that oil is, for all practical purposes, a non-renewable resource that will run out some day, be that years or decades […]

Bahrain swelters through power blackout

I never would have thought that blackouts could happen in Manama, what with all that oil to run power stations? What I find interesting is that they appear to be rather common.

CBC.ca

OVER A MILLION BARRELS OF OIL A DAY LOST TO DEPLETION

The Oil Depletion Analysis Centre NEWS RELEASE 24 August 2004 The world is now losing more than a million barrels of oil a day to depletion The analysis shows that output from 18 significant oil-producing countries, accounting for almost 29 percent of total world production, declined by 1.14 million barrels a day (mb/d) in 2003. […]

Yukos cuts output to save money

Yukos pumps 1.7m barrels a day Yukos is to reduce the amount of oil it produces and cut other expenditure in an effort to keep its operations going. The Russian oil company said it was having to introduce some “stringent” cost-saving measures in order to continue its “normal operations”. It will slash expenditure by $700m […]

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