"Peak oil" advocates blast U.S. industry study
By Chris Baltimore
WASHINGTON (Reuters) - Proponents of "peak oil" -- the theory that global crude oil production has hit its zenith and is headed for a steep decline -- are steamed with a U.S. oil industry group's findings that the world has plenty of oil.
Next week the U.S. National Petroleum Council -- a board of high-level U.S. oil industry executives -- releases its study titled "Facing the Hard Truths about Energy," conducted at the behest of Energy Secretary Sam Bodman.
According to the report's executive summary obtained by Reuters, the world is not running out of oil but there are "accumulating risks" to securing supply through 2030.
Peak oil theorists say such findings gloss over Bodman's request to study the issue in detail.
"They've labored mightily and come up with a mouse," said Randy Udall at the Association for the Study of Peak Oil and Gas, whose group dismisses the report as "petro Prozac."
"Give me four college students and two weeks, and I could do better," Udall said.
With crude oil futures prices in London at 11-month highs above $77 a barrel, the International Energy Agency, adviser to 26 industrialized countries, predicts a supply crunch in 2012.
The IEA now expects global demand to reach 95.8 million barrels per day (bpd) from 86.1 million bpd in 2007, assuming average global GDP growth of 4.5 percent annually.
In a draft letter to Bodman outlining its findings, the National Petroleum Council says, "The world is not running out of energy resources, but there are accumulating risks to continuing expansion of oil and natural gas production from the conventional sources relied upon historically."
Those risks include "political hurdles, infrastructure requirements and availability of trained work force," according to the findings of the panel, which includes executives of oil companies like ExxonMobil Corp. and Chevron Corp.
The council, chaired by former ExxonMobil Chief Executive Lee Raymond, could not be reached for comment.
CHICKEN LITTLE
There is no shortage of rhetoric in the debate.
One U.S. oil executive hires people to don chicken suits and hand out flyers at peak oil conferences, calling its advocates "Chicken Littles" - most recently in Italy in 2006.
"The abundance side of the debate needs something that grabs attention too," said Alex Cranberg, chairman of Denver-based Aspect Energy LLC, an independent oil company, referring to the chicken suits. "It is almost equal to, but not equal to, the power of fear."
Daniel Yergin, chairman of oil consultancy Cambridge Energy Research Associates and the panel's vice chairman of demand issues, has dismissed the idea of peak oil.
(That would be this Daniel Yergin )
Instead, Yergin's group has predicted an "undulating plateau" of crude oil production over several decades, followed by a slow decline.
Such findings irk Rep. Roscoe Bartlett, the Maryland Republican and co-chairman of the Congressional peak oil caucus, who has hounded the Bush administration on the peak oil issue.
"I don't think (the council) did what they asked them to do," Bartlett said in his office this week, brandishing a closet-full of charts and graphs that map out various world oil consumption scenarios. "We're disappointed."
Showing posts sorted by relevance for query oil. Sort by date Show all posts
Showing posts sorted by relevance for query oil. Sort by date Show all posts
Friday, July 13, 2007
Wednesday, July 12, 2006
oil slicks
Cheney's Oily InterestsBLOG Posted 05/16/2006 @ 11:43am
Katrina vanden Heuvel
Cheney Starts New Cold War Over Oil
By Mark Ames, The eXile. Posted June 1, 2006.
Putin Blames U.S. for Russian Diplomats’ Murder in Iraq
Created: 12.07.2006 14:08 MSK (GMT +3), Updated: 14:08 MSK, 6 hours 5 minutes ago
MosNews
Enron fraud suspect found dead
12/07/2006 16:22 - (SA)
Terror in Mumbai: IT could be next target
Rakesh Goyal
July 12, 2006
...The bombs strategically targetted the local trains: the transport lifeline of Mumbai. All the blasts were in the first class compartments which carry middle and senior management of corporations, banks and government, apart from owner-managers from various markets. Thus, the target-segment was chosen carefully to break the middle layer of the industrial hierarchy and create terror. Until now, this class was never targeted...
update: Yeesh, I didn't even think of the possible nuclear implications
MARITIME SECURITY & MARITIME COUNTER-TERRORISM
Paper no. 1176
06. 12. 2004
by B.Raman
...15. The LTTE had been examining for many years the possibility of an explosive-laden suicide bomber piloting a microlite aircraft crashing on a land or sea-based target. A Sikh terrorist arrested by the Indian authorities in the early 1990s had stated during his interrogation that during his training in Pakistan, the ISI had asked him to join the Mumbai (Bombay) Flying Club, go on a solo flight and crash his trainer plane on to the Mumbai off-shore oil platform...
Dollar gains on US trade; oil, gold rally
Wed Jul 12, 2006 6:03 PM GMT
By Steven C. Johnson
NEW YORK (Reuters) - The dollar on Wednesday was on track for its biggest one-day gain against the yen in 18 months, boosted by a smaller-than-expected U.S. trade deficit in May and growing uncertainty about Japanese monetary policy
Gold, meanwhile, hit a six-week high, supported by higher oil prices, while technology shares dragged U.S. stock markets lower after European antitrust regulators fined Microsoft Corp..
U.S. Treasury debt prices also slipped as investors unwound safe-haven plays established after Tuesday's deadly train explosions in Mumbai, India's financial hub....
North County Reps vote to lift offshore drilling ban
By: EDWARD SIFUENTES - Staff Writer
Last modified Wednesday, July 12, 2006 12:27 AM PDT
NORTH COUNTY ---- Local Republican congressmen, including newly elected U.S. Rep. Brian Bilbray, have voted for a bill that would allow companies to drill for oil and gas off the coast of California and other coastal states.
Awww crap, what does Bilbray, the (environmentalist *cough* surfer *cough*) care?
His kids prefer indoor activities in Virginia.
Pacific Energy Resources Ltd. Announces Signing of Purchase and Sale Agreement for Majority Interest in Beta Oil Field Unit
JULY 10, 2006 - 08:30 ET
LONG BEACH, CALIFORNIA--(CCNMatthews - July 10, 2006) - Pacific Energy Resources Ltd. (TSX:PFE)(the "Corporation") wishes to announce that further to its news release of February 24, 2006, it has signed a definitive Purchase & Sale Agreement with Aera Energy LLC regarding the sale of its 71% interest in the Beta Unit, offshore California. Before the acquisition is completed, the Corporation is required to satisfy a number of financial and regulatory requirements, further particulars of which have been filed today on SEDAR as an additional News Release at http://www.sedar.com/.Netherland Sewell & Associates (NSA) estimated Proved Reserves of 19.78 Million barrels of 14 degree API oil and 3.23 Bcf of gas as of May 1, 2006 for the Unit. It also estimated 11.61 Million barrels of Probable oil reserves, 1.93 Bcf of Probable gas reserves, 31.26 Million barrels of Possible oil reserves and 4.84 Bcf of Possible gas reserves. These estimates are based on forecasted price scenario and have PV10% values of US$ 193.90 Million, US$ 89.29 Million and US$121.14 Million for Proved, Probable and Possible reserve categories respectively.The Beta Oil Field is located in San Pedro Area, in Federal waters nine miles offshore Long Beach, California. The leases in question are POCS 300, 301 and 306. A complex of two production platforms (Eureka and Ellen) and a facilities Platform (Elly) handle production from these leases. Platform Edith, also in the Beta Oil Field in lease POCS 296 is neither owned nor operated by Aera and is not included in this acquisition.The Beta Field was discovered in 1976 by Shell Oil Company...
Umm. that's like ONE day's worth of oil for the US.
Monday, January 18, 2010
Saudi Arabia and the oil bank
Middle East
Jan 16, 2010
By Chris Cook
...I believe that it is macro manipulation by oil producers, funded by cheap money from investors, which has been the principal reason for recent movements in the oil price. The advantage producers have over oil traders is that producers are able to store their oil in the ground for free....
"...The outcome - which has the effect of monetizing oil in the ground - is very similar to the way in which some governments maintain their currency more or less pegged to the US dollar and illustrates the reality that oil is not priced in dollars: dollars are priced in oil.
Whether or not it is in fact, as I suspect, macro manipulation by producers that accounts for movements in the prices of crude oil and oil products, and the flows and storage of crude oil and oil products, is a judgement I must leave to expert traders. But I am absolutely certain that the "speculator" investors blamed by US politicians and public for the movements in oil prices are not in fact responsible..."
Jan 16, 2010
By Chris Cook
...I believe that it is macro manipulation by oil producers, funded by cheap money from investors, which has been the principal reason for recent movements in the oil price. The advantage producers have over oil traders is that producers are able to store their oil in the ground for free....
"...The outcome - which has the effect of monetizing oil in the ground - is very similar to the way in which some governments maintain their currency more or less pegged to the US dollar and illustrates the reality that oil is not priced in dollars: dollars are priced in oil.
Whether or not it is in fact, as I suspect, macro manipulation by producers that accounts for movements in the prices of crude oil and oil products, and the flows and storage of crude oil and oil products, is a judgement I must leave to expert traders. But I am absolutely certain that the "speculator" investors blamed by US politicians and public for the movements in oil prices are not in fact responsible..."
Wednesday, May 21, 2008
The Progressive Crises: Global Warming and Peak Oil
Posted May 19, 2008 | 09:36 AM (EST)
Supply concern puts oil above $130 for first time
By PABLO GORONDI Associated Press Writer
Wednesday, May 21, 2008
...Oil futures are now selling for about twice what they were just a year ago. Prices have been propelled by a number of factors, including worries about insufficient supply, soaring global demand and a sliding dollar that has made oil cheaper for some buyers overseas. Speculative buying has also helped push prices higher, analysts say....
Peak Oil - Whom to Believe?
Part 1 - There's Plenty of Oil, CERAiously
Nate Hagens on May 21, 2008 - 10:14am
Topic: Supply/Production
Update: Gotta love Senator Leahy grilling the Oil Execs today.
Supply concern puts oil above $130 for first time
By PABLO GORONDI Associated Press Writer
Wednesday, May 21, 2008
...Oil futures are now selling for about twice what they were just a year ago. Prices have been propelled by a number of factors, including worries about insufficient supply, soaring global demand and a sliding dollar that has made oil cheaper for some buyers overseas. Speculative buying has also helped push prices higher, analysts say....
Peak Oil - Whom to Believe?
Part 1 - There's Plenty of Oil, CERAiously
Nate Hagens on May 21, 2008 - 10:14am
Topic: Supply/Production
(*Note: this post/series originally ran in March, 2007 but is a good introduction/refresher to Peak Oil issues--if you're new to this, read this piece and/or Gail's Peak Oil Overview in the top menu bar)
Update: Gotta love Senator Leahy grilling the Oil Execs today.
Wednesday, May 30, 2007
More oil stuff
FEATURE- China weighs Iran and Iraq risks for oil prize
27 Nov 2006 18:03:50 GMT
Source: Reuters
Depletion level in Ghawar
May 19, 2007 - 11:30am
The “Oil Weapon” is Unleashed Against Iran
Posted on Feb 13th, 2007
(They don't like my link, so ya gotta Google this: )
Russia Overtakes Saudi Arabia as World’s Leading Oil Producer — OPEC
Russia Overtakes Saudi Arabia as World’s Leading Oil Producer — OPEC
MosNews Created: 23.08.2006 11:24 MSK (GMT +3), Updated: 13:39 MSK
Belarus KGB holds head of state oil-processing firm
REUTERS
6:31 a.m. May 30, 2007
OIL INDUSTRY
Oil refinery building boom abroad - not in U.S.
Posted on Wed, May. 30, 2007
By Kevin G. Hall
McClatchy Newspapers
...a boom in construction is under way to meet the growing demand for gasoline in the United States and in big developing countries such as China and India...
UPDATE 1-Mexico oil output flat at 3.182 bpd in April
Mon May 21, 2007 12:16pm ET
Two words: BIRTH CONTROL.
(well, maybe the next US president will quit trying to thump the whold world over the head with a bible, yeesh)
Here's a question for you:
Why does every leader in the Middle East focus their sheeple's attention on Israel?
answer: So the sheeple don't look at their own leader's fuck ups.
We in the US are quite aware of the fact that our infrastructure was haphazardly, and arrogantly planned and our standard of living is about to take a major dive downward.
27 Nov 2006 18:03:50 GMT
Source: Reuters
Depletion level in Ghawar
May 19, 2007 - 11:30am
The “Oil Weapon” is Unleashed Against Iran
Posted on Feb 13th, 2007
(They don't like my link, so ya gotta Google this: )
Russia Overtakes Saudi Arabia as World’s Leading Oil Producer — OPEC
Russia Overtakes Saudi Arabia as World’s Leading Oil Producer — OPEC
MosNews Created: 23.08.2006 11:24 MSK (GMT +3), Updated: 13:39 MSK
Belarus KGB holds head of state oil-processing firm
REUTERS
6:31 a.m. May 30, 2007
OIL INDUSTRY
Oil refinery building boom abroad - not in U.S.
Posted on Wed, May. 30, 2007
By Kevin G. Hall
McClatchy Newspapers
...a boom in construction is under way to meet the growing demand for gasoline in the United States and in big developing countries such as China and India...
UPDATE 1-Mexico oil output flat at 3.182 bpd in April
Mon May 21, 2007 12:16pm ET
Two words: BIRTH CONTROL.
(well, maybe the next US president will quit trying to thump the whold world over the head with a bible, yeesh)
Here's a question for you:
Why does every leader in the Middle East focus their sheeple's attention on Israel?
answer: So the sheeple don't look at their own leader's fuck ups.
We in the US are quite aware of the fact that our infrastructure was haphazardly, and arrogantly planned and our standard of living is about to take a major dive downward.
Tuesday, December 27, 2011
Oil Trades Near Six-Week High on Iran Threat to Crude Transport
December 27, 2011, 9:40 PM EST
"..Dec. 28 (Bloomberg) -- "Oil traded near the highest level in six weeks after Iran threatened to block crude transportation through the Strait of Hormuz, increasing concern that global supplies will be curbed amid shrinking U.S. stockpiles.
...Oil for February delivery was at $101.54 a barrel, up 20 cents, in electronic trading on the New York Mercantile Exchange at 10:12 a.m. Singapore time. It rose $1.66, or 1.7 percent, to $101.34 a barrel yesterday, the highest settlement since Nov. 16. Futures have climbed 11 percent this year after increasing 15 percent in 2010..."
Sam's Exchange: The Irony of Iranian Sanctions
18:26 20/12/2011
Biweekly column by Sam Barden
"...Of course the biggest loser out of sanctions on Iranian oil is Europe. Europe currently imports about 900,000 barrels a day of Iranian oil. Europe has not been able to agree a ban on oil imports, and is unlikely to. The biggest importers of Iranian oil in Europe is Spain, Italy Greece and Portugal. Any sanctions on Iranian oil would cripple these already struggling economies..."
China’s Frustrated Iran Diplomacy
December 26, 2011
By Willem van Kemenade
"...The next step was the publication in November of a new report by the International Atomic Energy Agency (IAEA) on Iran’s “progress” toward a nuclear device, including computer modelling of a nuclear warhead, testing explosives in a large metal chamber and studying how to arm a Shahab 3 medium-range missile with an atomic warhead. However, the report was considered too weak by Russia and China to justify more sanction..." Tuesday, Dec. 27, 2011 Medvedev: Test of much-heralded new missile done
...Oil for February delivery was at $101.54 a barrel, up 20 cents, in electronic trading on the New York Mercantile Exchange at 10:12 a.m. Singapore time. It rose $1.66, or 1.7 percent, to $101.34 a barrel yesterday, the highest settlement since Nov. 16. Futures have climbed 11 percent this year after increasing 15 percent in 2010..."
Sam's Exchange: The Irony of Iranian Sanctions
18:26 20/12/2011
Biweekly column by Sam Barden
"...Of course the biggest loser out of sanctions on Iranian oil is Europe. Europe currently imports about 900,000 barrels a day of Iranian oil. Europe has not been able to agree a ban on oil imports, and is unlikely to. The biggest importers of Iranian oil in Europe is Spain, Italy Greece and Portugal. Any sanctions on Iranian oil would cripple these already struggling economies..."
China’s Frustrated Iran Diplomacy
December 26, 2011
By Willem van Kemenade
"...The next step was the publication in November of a new report by the International Atomic Energy Agency (IAEA) on Iran’s “progress” toward a nuclear device, including computer modelling of a nuclear warhead, testing explosives in a large metal chamber and studying how to arm a Shahab 3 medium-range missile with an atomic warhead. However, the report was considered too weak by Russia and China to justify more sanction..." Tuesday, Dec. 27, 2011 Medvedev: Test of much-heralded new missile done
Wednesday, September 17, 2008
Oil and money
Crude Oil Tumbles as Wall Street Turmoil Adds to Demand Concern
By Mark Shenk
Sept. 16 (Bloomberg) -- Crude oil tumbled, taking its two- day decline to more than $10 a barrel, on concern that turmoil on Wall Street may weaken the global economy and cut fuel demand.
Europe Trade Deficit Widens to Record on Energy Costs (Update1)
By Fergal O'Brien
Sept. 17 (Bloomberg) -- Europe's trade gap widened to a record in July as a cooling global economy damped exports and crude oil's advance to a record boosted the energy deficit.
Lower oil price, weaker euro boost German indicator
16 September 2008, 14:17 CET
(FRANKFURT) - Germany's closely watched ZEW economic indicator strengthened in its latest reading released Tuesday, boosted by lower oil prices and a weaker euro and beating expectations.
Treasury to Sell Bills to Bolster Fed Balance Sheet (Update2)
By Rebecca Christie and John Brinsley
Sept. 17 (Bloomberg) -- The Treasury will sell more debt to enable the Federal Reserve to expand its balance sheet, a sign of the strains created by the biggest extension of central-bank credit to financial companies since the Great Depression.
The program starts today with a $40 billion auction of 35- day bills, a day after the government agreed to take over American International Group Inc., the Treasury said in a statement in Washington
MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
( Toyota Unhappy About Proposed $7,500 Tax Credit for Chevy Volt
Brandon Hill (Blog) - September 17, 2008 12:00 AM )
House Adopts Plan to Ease Offshore Drilling Ban
By CARL HULSE
Published: September 16, 2008
WASHINGTON — The House on Tuesday night approved a measure that would ease a longstanding ban on offshore oil drilling and try to spur greater use of alternative fuels as Democrats and Republicans engaged in a bitter pre-election clash over America’s energy future.
TFN NEWS BRIEFING: Oil and utilities highlights to 15:45 BST
By Mark Shenk
Sept. 16 (Bloomberg) -- Crude oil tumbled, taking its two- day decline to more than $10 a barrel, on concern that turmoil on Wall Street may weaken the global economy and cut fuel demand.
Europe Trade Deficit Widens to Record on Energy Costs (Update1)
By Fergal O'Brien
Sept. 17 (Bloomberg) -- Europe's trade gap widened to a record in July as a cooling global economy damped exports and crude oil's advance to a record boosted the energy deficit.
Lower oil price, weaker euro boost German indicator
16 September 2008, 14:17 CET
(FRANKFURT) - Germany's closely watched ZEW economic indicator strengthened in its latest reading released Tuesday, boosted by lower oil prices and a weaker euro and beating expectations.
Treasury to Sell Bills to Bolster Fed Balance Sheet (Update2)
By Rebecca Christie and John Brinsley
Sept. 17 (Bloomberg) -- The Treasury will sell more debt to enable the Federal Reserve to expand its balance sheet, a sign of the strains created by the biggest extension of central-bank credit to financial companies since the Great Depression.
The program starts today with a $40 billion auction of 35- day bills, a day after the government agreed to take over American International Group Inc., the Treasury said in a statement in Washington
MAJOR FOREIGN HOLDERS OF TREASURY SECURITIES
( Toyota Unhappy About Proposed $7,500 Tax Credit for Chevy Volt
Brandon Hill (Blog) - September 17, 2008 12:00 AM )
House Adopts Plan to Ease Offshore Drilling Ban
By CARL HULSE
Published: September 16, 2008
WASHINGTON — The House on Tuesday night approved a measure that would ease a longstanding ban on offshore oil drilling and try to spur greater use of alternative fuels as Democrats and Republicans engaged in a bitter pre-election clash over America’s energy future.
TFN NEWS BRIEFING: Oil and utilities highlights to 15:45 BST
Saturday, February 05, 2011
Natural Gas and New Mexico
Friday, Feb. 4, 2011
Thousands in NM without natural gas service
By SUE MAJOR HOLMES Associated Press
Stocks Posted Best Weekly Gain In 2-Months (AAPL, BAC, BIDU, BP, ERTS, FCX, FSLR, MEE, PFE, SLW, V, XOM)
Written by TradersHuddle Staff
Friday, 04 February 2011 21:33
"...Energy, materials, and financials were the bets performing sectors. The energy sector rallied 2.6% lifted by higher crude oil prices and by M&A activity in the coal space. Crude oil extended its gains, climbing to a two-year high of $92.84 per barrel, before settling with a 3.2% gain at $92.19 per barrel. Traders continued to press the possibility of crude oil flow being interrupted at the Suez Canal and of possible Egypt unrest spillover to other oil producing countries in the Middle East..."
New Mexico Board Votes to Adopt Greenhouse Gas Cap-and-Trade Rules
Published Nov. 2, 2010
"...PNM Resources, the Albuquerque-based parent firm of the utility Public Service Co. of New Mexico, has opposed the regional greenhouse gas regulations and issued a statement indicating that it may consider legal action. The company is among many that would prefer a national approach to energy and emissions regulations of this type..."
Speculation On A Monster Rebound, Higher Oil
Andrew Wilkinson, Interactive Brokers, 01.28.11, 02:58 PM EST
Monster Worldwide has been a horror show, dropping about 20%. Some options players wager on a snap back rally.
Patterson-UTI Energy: Shares of the provider of contract services to the North American oil and natural gas industry were up 2.25% this afternoon to stand at $22.90 just before 2:30 p.m. in New York.
Thursday 3 Feb 2011 UK Guardian
Terry McAllister
Shell's search for profits widens even as the oil price climbs
• Shell now 'world's largest trader' as well as oil major
• Plans to explore in Arctic, Iraq, Russia and deep sea
"...Shell is also busy building up its positions in the deep waters of the Gulf of Mexico and off Brazil, despite the safety concerns triggered by BP's Deepwater Horizon spill..."
Natural gas leak reported at offshore platform in the Gulf of Mexico
Published: Tuesday, January 18, 2011, 9:20 PM Updated: Tuesday, January 18, 2011, 9:21 PM AP
Saboteurs attack Egypt gas pipeline to Jordan
By Agence France-Presse
Saturday, February 5th, 2011 -- 8:12 am
"..."The pipeline to Jordan has been attacked and the supply to Israel has been cut off," the official said..."
Thousands in NM without natural gas service
By SUE MAJOR HOLMES Associated Press
Stocks Posted Best Weekly Gain In 2-Months (AAPL, BAC, BIDU, BP, ERTS, FCX, FSLR, MEE, PFE, SLW, V, XOM)
Written by TradersHuddle Staff
Friday, 04 February 2011 21:33
"...Energy, materials, and financials were the bets performing sectors. The energy sector rallied 2.6% lifted by higher crude oil prices and by M&A activity in the coal space. Crude oil extended its gains, climbing to a two-year high of $92.84 per barrel, before settling with a 3.2% gain at $92.19 per barrel. Traders continued to press the possibility of crude oil flow being interrupted at the Suez Canal and of possible Egypt unrest spillover to other oil producing countries in the Middle East..."
New Mexico Board Votes to Adopt Greenhouse Gas Cap-and-Trade Rules
Published Nov. 2, 2010
"...PNM Resources, the Albuquerque-based parent firm of the utility Public Service Co. of New Mexico, has opposed the regional greenhouse gas regulations and issued a statement indicating that it may consider legal action. The company is among many that would prefer a national approach to energy and emissions regulations of this type..."
Speculation On A Monster Rebound, Higher Oil
Andrew Wilkinson, Interactive Brokers, 01.28.11, 02:58 PM EST
Monster Worldwide has been a horror show, dropping about 20%. Some options players wager on a snap back rally.
Patterson-UTI Energy: Shares of the provider of contract services to the North American oil and natural gas industry were up 2.25% this afternoon to stand at $22.90 just before 2:30 p.m. in New York.
Thursday 3 Feb 2011 UK Guardian
Terry McAllister
Shell's search for profits widens even as the oil price climbs
• Shell now 'world's largest trader' as well as oil major
• Plans to explore in Arctic, Iraq, Russia and deep sea
"...Shell is also busy building up its positions in the deep waters of the Gulf of Mexico and off Brazil, despite the safety concerns triggered by BP's Deepwater Horizon spill..."
Natural gas leak reported at offshore platform in the Gulf of Mexico
Published: Tuesday, January 18, 2011, 9:20 PM Updated: Tuesday, January 18, 2011, 9:21 PM AP
Saboteurs attack Egypt gas pipeline to Jordan
By Agence France-Presse
Saturday, February 5th, 2011 -- 8:12 am
"..."The pipeline to Jordan has been attacked and the supply to Israel has been cut off," the official said..."
Sunday, January 31, 2010
Oil, gas and food
This post is leading me, not the other way around.
January 29, 2010
What about Haitian oil and gas?
...At the high end of the estimate the holdings could be 941 million barrels of oil and 1.2 trillion cubic feet of gas...
Posted on Tuesday, 01.26.10
Haiti earthquake may have exposed gas, aiding economy
...Abraham Lincoln's consul to the Dominican Republic reported oil seeps there in 1862. Neither nation produces oil or gas. As much as 1 trillion cubic feet of gas may be trapped in a border formation near the earthquake fault, Pierce said....
I dunno how much natural gas we use, but that's around 44 days usage for the US and around 11 days world usage of oil.
As I passed by my bookshelf I picked up Paul Roberts' The End of Oil © 2004, some of which can be read here and briefly thumbed through it. Here is a 12 minute edited clip of the author speaking Oil and the Global Economy on YouTube.
Not sure how old these clips are.
I found out that Roberts had another book published called The End of Food.
Here he speaks about the food system. Part II is here .
I know the titles of his books sound incredibly gloomy, but the author is not gloomy, but rather optimistic that there is time to change things before they hit the crisis stage as long as the changes begin rather quickly in this country at least.
January 29, 2010
What about Haitian oil and gas?
...At the high end of the estimate the holdings could be 941 million barrels of oil and 1.2 trillion cubic feet of gas...
Posted on Tuesday, 01.26.10
Haiti earthquake may have exposed gas, aiding economy
...Abraham Lincoln's consul to the Dominican Republic reported oil seeps there in 1862. Neither nation produces oil or gas. As much as 1 trillion cubic feet of gas may be trapped in a border formation near the earthquake fault, Pierce said....
I dunno how much natural gas we use, but that's around 44 days usage for the US and around 11 days world usage of oil.
As I passed by my bookshelf I picked up Paul Roberts' The End of Oil © 2004, some of which can be read here and briefly thumbed through it. Here is a 12 minute edited clip of the author speaking Oil and the Global Economy on YouTube.
Not sure how old these clips are.
I found out that Roberts had another book published called The End of Food.
Here he speaks about the food system. Part II is here .
I know the titles of his books sound incredibly gloomy, but the author is not gloomy, but rather optimistic that there is time to change things before they hit the crisis stage as long as the changes begin rather quickly in this country at least.
Sunday, January 14, 2007
CA National Guard
Schwarzenegger Backs Bush's Iraq Troop Surge
Jan 12, 2007 5:50 pm US/Pacific
So, hey brainiac, who's gonna take care of California's levees while more of the California National Guard goes to Iraq to try to secure oil supplies? Oil supplies that we need since your corporate base doesen't give a shit about anything but profits.
And they profit from the status quo.
California was at one time a magnet for the best and brightest students because the state invested in research and development because the corporate interests shared in that investement and PAID THEIR FUCKING TAXES. Now the corporations all have cadres of lawyers whose job it is to find out how to avoid paying taxes. Chevron is one of his gold sponsors. They got their way on 87 didn't they? They ain't paying no damn taxes on the oil they suck out of the ground in Cali.
Got a pretty good deal in Iraq, also:
...From those earliest days until now, throughout all the twists and turns, the blood and chaos of the occupation, the Bush Administration has kept its eye on this prize. The new law offers the barrelling buccaneers of the West a juicy set of production-sharing agreements (PSAs) that will maintain a fig leaf of Iraqi ownership of the nation's oil industry -- while letting Bush's Big Oil buddies rake off up to 75 percent of all oil profits for an indefinite period up front, until they decide that their "infrastructure investments" have been repaid. Even then, the agreements will give the Western oil majors an unheard-of 20 percent of Iraq's oil profits -- more than twice the average of standard PSAs, the Independent notes...
Jan 12, 2007 5:50 pm US/Pacific
So, hey brainiac, who's gonna take care of California's levees while more of the California National Guard goes to Iraq to try to secure oil supplies? Oil supplies that we need since your corporate base doesen't give a shit about anything but profits.
And they profit from the status quo.
California was at one time a magnet for the best and brightest students because the state invested in research and development because the corporate interests shared in that investement and PAID THEIR FUCKING TAXES. Now the corporations all have cadres of lawyers whose job it is to find out how to avoid paying taxes. Chevron is one of his gold sponsors. They got their way on 87 didn't they? They ain't paying no damn taxes on the oil they suck out of the ground in Cali.Got a pretty good deal in Iraq, also:
...From those earliest days until now, throughout all the twists and turns, the blood and chaos of the occupation, the Bush Administration has kept its eye on this prize. The new law offers the barrelling buccaneers of the West a juicy set of production-sharing agreements (PSAs) that will maintain a fig leaf of Iraqi ownership of the nation's oil industry -- while letting Bush's Big Oil buddies rake off up to 75 percent of all oil profits for an indefinite period up front, until they decide that their "infrastructure investments" have been repaid. Even then, the agreements will give the Western oil majors an unheard-of 20 percent of Iraq's oil profits -- more than twice the average of standard PSAs, the Independent notes...
Sunday, July 16, 2006
Israel and Energy
Last night I watched Paradise Now and then Munich for the first time. Besides disgusting me even more about (ALL) secret police services, it made me wonder about Israel's energy supplies.
Disparity of wealth can be directly tied to control, or lack of control of energy supplies,
Pentagon plans to sell jet-fuel
Published: Saturday, 15 July, 2006, 01:25 PM Doha Time
WASHINGTON: The Pentagon yesterday notified Congress of plans to sell Israel jet fuel valued at up to $210mn "to keep peace and security in the region."
NYMEX Crude Oil (Light) prices for futures.
Israel presses for oil from shale
Proposed energy plant could help vastly reduce oil imports
By Neal Sandler Businessweek online
Updated: 9:34 a.m. PT July 6, 2006
Some challenges
...A Haifa-based engineering firm called A.F.S.K. Hom Tov, which owns the patented process, is now gearing up to exploit the opportunity. “The technology could reduce dependence on imports and substantially reduce Israel's overall energy bill,” says Israel Feldman, the company's co-founder and managing director. A.F.S.K. Hom Tov has proposed building a plant that could produce up to 3 million tons of oil annually, or roughly 30 percent of Israel's current oil imports...
Where Does Israel Get Oil?
If you're selling, they're buying.
By Daniel Engber
Posted Friday, July 14, 2006, at 6:19 PM ET
...Meanwhile, Israel continues to seek nearby suppliers. In the lead-up to the war in Iraq, there was some talk of restarting an abandoned pipeline that runs from Mosul, Iraq, to Haifa. In order for this to happen, Israel would need to somehow wrangle the support of the Syrians, since they control part of the route...
Eight dead in Haifa rocket attack
Press Association
Sunday July 16, 2006 9:58 PM
BLM Announces Results of Review of Oil Shale Research Nominations
Bureau of Land Management For Immediate Release: Tuesday, January 17, 2006
Chevron USA to Acquire 122 USA Petroleum Gas Stations in California for Undisclosed Sum
AP
Chevron to Buy 122 Stations
Friday July 14, 5:44 pm ET
Chevron Bankrolling Opposition to California Clean Energy Initiative
ThinkProgress
June 21, 2006
Oil Shale Reserves
Containing the Military Industrial Complex
Remarks at DemocracyFest July 15, 2006
Op Ed by David Swanson
Disparity of wealth can be directly tied to control, or lack of control of energy supplies, Pentagon plans to sell jet-fuel
Published: Saturday, 15 July, 2006, 01:25 PM Doha Time
WASHINGTON: The Pentagon yesterday notified Congress of plans to sell Israel jet fuel valued at up to $210mn "to keep peace and security in the region."
NYMEX Crude Oil (Light) prices for futures.
Israel presses for oil from shale
Proposed energy plant could help vastly reduce oil imports
By Neal Sandler Businessweek online
Updated: 9:34 a.m. PT July 6, 2006
Some challenges
...A Haifa-based engineering firm called A.F.S.K. Hom Tov, which owns the patented process, is now gearing up to exploit the opportunity. “The technology could reduce dependence on imports and substantially reduce Israel's overall energy bill,” says Israel Feldman, the company's co-founder and managing director. A.F.S.K. Hom Tov has proposed building a plant that could produce up to 3 million tons of oil annually, or roughly 30 percent of Israel's current oil imports...
Where Does Israel Get Oil?
If you're selling, they're buying.
By Daniel Engber
Posted Friday, July 14, 2006, at 6:19 PM ET
...Meanwhile, Israel continues to seek nearby suppliers. In the lead-up to the war in Iraq, there was some talk of restarting an abandoned pipeline that runs from Mosul, Iraq, to Haifa. In order for this to happen, Israel would need to somehow wrangle the support of the Syrians, since they control part of the route...
Eight dead in Haifa rocket attack
Press Association
Sunday July 16, 2006 9:58 PM
BLM Announces Results of Review of Oil Shale Research Nominations
Bureau of Land Management For Immediate Release: Tuesday, January 17, 2006
Chevron USA to Acquire 122 USA Petroleum Gas Stations in California for Undisclosed Sum
AP
Chevron to Buy 122 Stations
Friday July 14, 5:44 pm ET
Chevron Bankrolling Opposition to California Clean Energy Initiative
ThinkProgress
June 21, 2006
Oil Shale Reserves
Containing the Military Industrial Complex
Remarks at DemocracyFest July 15, 2006
Op Ed by David Swanson
Wednesday, July 19, 2006
Indonesia
http://news.google.com/news?hl=en&ned=us&q=tsunami+death+toll
Muckraking in Java's gas fields
Southeast Asia Jul 14, 2006
By Chris Holm
JAKARTA - On May 27, a natural gas drilling operation in Indonesia's East Javaprovince got exceptionally messy. ...Indonesia's national environmental watchdog, Wahli, estimates the costs of theclean-up could reach more than US$200 million. Meanwhile, in the town of Sidoarjo,thousands of the displaced villagers hunker down as best they can in a large sectionof a market converted into a makeshift refugee center. With their crops in ruins andtheir workplaces shuttered, they have been promised a subsistence income ofUS$30-$70 a month by Lapindo and are subsisting largely on handouts.And still the mud continues to flow. Around the drilling site, the land has beentransformed from green paddy fields into inhospitable seas of asphalt-colored muck.Near its center, a black geyser roars, like an unearthly scene from a volcanic plateau. Mired at the center of the muck is the drilling company, Lapindo. To manyIndonesians, the lines between the cause and effect of the mud seemed clear: theypointed directly at the prospector - and down into the almost three-kilometer deephole it had dug.
acquisition Oilfield Glossary
Santos activity map
Exploration Program LNG and oil are the focus of Santos' 25-well high-impact exploration program for 2006. Total expenditure across the company’s Australian and overseas exploration areas is forecast at $225 million compared with $187 million spent on exploration in 2005. Reflecting the widening geographical nature of Santos’ exploration portfolio, 17 of the 25 wildcat wells will be drilled outside of Australia. This includes eight wells in the Company’s core Indonesian area, two in its emerging Timor-Bonaparte region, and seven wells to be drilled in new Santos areas of interest such as Egypt (three wells) and the shallow water Gulf of Mexico in the USA (four wells). In Australia, two wells will be drilled in the Carnarvon Basin offshore Western Australia, one well in Queensland’s Bowen Basin, two in the Otway Basin and three wells in the onshore Cooper Basin.
Materiality is weighted towards the third and fourth quarters of 2006 when the Lynedoch and Evans Shoal South prospects will be drilled in the Timor-Bonaparte along with exploration wells in the Kutei and East Java basins in offshore Indonesia...
Increase in profit before tax by 21% and net profit by 23% to..
Post-mortem to be done on south-east whale
Last Update: Wednesday, July 5, 2006. 11:43am (AEST)
A dead pilot whale found beached off the South Australian south-east coast will be transported to Adelaide for a post-mortem examination.
The four-and-a-half metre pilot whale found at Eight Mile Creek yesterday will be transported to Adelaide in the next couple of days. It is hoped a cause of death for the half-grown whale can be determined. The Environment Department says there have been five cases of whales beaching themselves in the south-east over the past four years. However, most of those whales had been smaller in size. District ranger Ross Anderson says most of the past whale beachings had occurred after seismic testing had been carried out in the area, but there was no proof of a connection to tests currently being carried out. The whale carcass will be examined by the South Australian Museum when it is transferred later this week. Santos, the company carrying out the seismic surveying, says it is impossible to say what caused the whale's death. A spokesman says the company follows strict guidelines to ensure the protection of marine mammals within its test areas. The company has only been able to complete limited days of seismic testing off the south-east coastline due to adverse weather conditions.
Chevron's Approach
(to renewables)
Marine seismic vessel
This marine seismic vessel is towing multiple streamers that contain hydrophones. Air guns emit a signal like a sound wave that travels through the water into the Earth, passes through strata with different seismic responses and filtering effects, and returns to the hydrophones to be recorded as seismic data.
Think they'll need one of these off the coast of California?
Pacific Energy Resources Ltd. Announces Signing of Purchase and Sale Agreement for Majority Interest in Beta Oil Field Unit
JULY 10, 2006 - 08:30 ET
LONG BEACH, CALIFORNIA--(CCNMatthews - July 10, 2006) - Pacific Energy Resources Ltd. (TSX:PFE)(the "Corporation") wishes to announce that further to its news release of February 24, 2006, it has signed a definitive Purchase & Sale Agreement with Aera Energy LLC regarding the sale of its 71% interest in the Beta Unit, offshore California. Before the acquisition is completed, the Corporation is required to satisfy a number of financial and regulatory requirements, further particulars of which have been filed today on SEDAR as an additional News Release at http://www.sedar.com/.Netherland Sewell & Associates (NSA) estimated Proved Reserves of 19.78 Million barrels of 14 degree API oil and 3.23 Bcf of gas as of May 1, 2006 for the Unit. It also estimated 11.61 Million barrels of Probable oil reserves, 1.93 Bcf of Probable gas reserves, 31.26 Million barrels of Possible oil reserves and 4.84 Bcf of Possible gas reserves. These estimates are based on forecasted price scenario and have PV10% values of US$ 193.90 Million, US$ 89.29 Million and US$121.14 Million for Proved, Probable and Possible reserve categories respectively.The Beta Oil Field is located in San Pedro Area, in Federal waters nine miles offshore Long Beach, California. The leases in question are POCS 300, 301 and 306. A complex of two production platforms (Eureka and Ellen) and a facilities Platform (Elly) handle production from these leases. Platform Edith, also in the Beta Oil Field in lease POCS 296 is neither owned nor operated by Aera and is not included in this acquisition.The Beta Field was discovered in 1976 by Shell Oil Company...
Umm. that's like ONE day's worth of oil for the US.
Muckraking in Java's gas fields
Southeast Asia Jul 14, 2006
By Chris Holm
JAKARTA - On May 27, a natural gas drilling operation in Indonesia's East Javaprovince got exceptionally messy. ...Indonesia's national environmental watchdog, Wahli, estimates the costs of theclean-up could reach more than US$200 million. Meanwhile, in the town of Sidoarjo,thousands of the displaced villagers hunker down as best they can in a large sectionof a market converted into a makeshift refugee center. With their crops in ruins andtheir workplaces shuttered, they have been promised a subsistence income ofUS$30-$70 a month by Lapindo and are subsisting largely on handouts.And still the mud continues to flow. Around the drilling site, the land has beentransformed from green paddy fields into inhospitable seas of asphalt-colored muck.Near its center, a black geyser roars, like an unearthly scene from a volcanic plateau. Mired at the center of the muck is the drilling company, Lapindo. To manyIndonesians, the lines between the cause and effect of the mud seemed clear: theypointed directly at the prospector - and down into the almost three-kilometer deephole it had dug.
acquisition Oilfield Glossary
Santos activity map
Exploration Program LNG and oil are the focus of Santos' 25-well high-impact exploration program for 2006. Total expenditure across the company’s Australian and overseas exploration areas is forecast at $225 million compared with $187 million spent on exploration in 2005. Reflecting the widening geographical nature of Santos’ exploration portfolio, 17 of the 25 wildcat wells will be drilled outside of Australia. This includes eight wells in the Company’s core Indonesian area, two in its emerging Timor-Bonaparte region, and seven wells to be drilled in new Santos areas of interest such as Egypt (three wells) and the shallow water Gulf of Mexico in the USA (four wells). In Australia, two wells will be drilled in the Carnarvon Basin offshore Western Australia, one well in Queensland’s Bowen Basin, two in the Otway Basin and three wells in the onshore Cooper Basin.
Materiality is weighted towards the third and fourth quarters of 2006 when the Lynedoch and Evans Shoal South prospects will be drilled in the Timor-Bonaparte along with exploration wells in the Kutei and East Java basins in offshore Indonesia...
Increase in profit before tax by 21% and net profit by 23% to..
Post-mortem to be done on south-east whale
Last Update: Wednesday, July 5, 2006. 11:43am (AEST)
A dead pilot whale found beached off the South Australian south-east coast will be transported to Adelaide for a post-mortem examination.
The four-and-a-half metre pilot whale found at Eight Mile Creek yesterday will be transported to Adelaide in the next couple of days. It is hoped a cause of death for the half-grown whale can be determined. The Environment Department says there have been five cases of whales beaching themselves in the south-east over the past four years. However, most of those whales had been smaller in size. District ranger Ross Anderson says most of the past whale beachings had occurred after seismic testing had been carried out in the area, but there was no proof of a connection to tests currently being carried out. The whale carcass will be examined by the South Australian Museum when it is transferred later this week. Santos, the company carrying out the seismic surveying, says it is impossible to say what caused the whale's death. A spokesman says the company follows strict guidelines to ensure the protection of marine mammals within its test areas. The company has only been able to complete limited days of seismic testing off the south-east coastline due to adverse weather conditions.
Chevron's Approach
(to renewables)
Marine seismic vesselThis marine seismic vessel is towing multiple streamers that contain hydrophones. Air guns emit a signal like a sound wave that travels through the water into the Earth, passes through strata with different seismic responses and filtering effects, and returns to the hydrophones to be recorded as seismic data.
Think they'll need one of these off the coast of California?
Pacific Energy Resources Ltd. Announces Signing of Purchase and Sale Agreement for Majority Interest in Beta Oil Field Unit
JULY 10, 2006 - 08:30 ET
LONG BEACH, CALIFORNIA--(CCNMatthews - July 10, 2006) - Pacific Energy Resources Ltd. (TSX:PFE)(the "Corporation") wishes to announce that further to its news release of February 24, 2006, it has signed a definitive Purchase & Sale Agreement with Aera Energy LLC regarding the sale of its 71% interest in the Beta Unit, offshore California. Before the acquisition is completed, the Corporation is required to satisfy a number of financial and regulatory requirements, further particulars of which have been filed today on SEDAR as an additional News Release at http://www.sedar.com/.Netherland Sewell & Associates (NSA) estimated Proved Reserves of 19.78 Million barrels of 14 degree API oil and 3.23 Bcf of gas as of May 1, 2006 for the Unit. It also estimated 11.61 Million barrels of Probable oil reserves, 1.93 Bcf of Probable gas reserves, 31.26 Million barrels of Possible oil reserves and 4.84 Bcf of Possible gas reserves. These estimates are based on forecasted price scenario and have PV10% values of US$ 193.90 Million, US$ 89.29 Million and US$121.14 Million for Proved, Probable and Possible reserve categories respectively.The Beta Oil Field is located in San Pedro Area, in Federal waters nine miles offshore Long Beach, California. The leases in question are POCS 300, 301 and 306. A complex of two production platforms (Eureka and Ellen) and a facilities Platform (Elly) handle production from these leases. Platform Edith, also in the Beta Oil Field in lease POCS 296 is neither owned nor operated by Aera and is not included in this acquisition.The Beta Field was discovered in 1976 by Shell Oil Company...
Umm. that's like ONE day's worth of oil for the US.
Thursday, February 28, 2008
Moving Tax Breaks From Oil to Sun and Wind?
February 28, 2008, 11:46 am
By Andrew C. Revkin
Senator Pete V. Domenici has opposed any effort to end incentives for oil and gas. (Doug Mills/The New York Times)
If oil lost its subsidies, and solar power and similar options got them, would the world be better off? The political debate continues.
Oil ends at new high of $102.59; natural gas surges
Oil up on Nigeria, weak dollar; natural-gas inventories down for 14th week
By Polya Lesova & Moming Zhou, MarketWatch
Last update: 3:56 p.m. EST Feb. 28, 2008
Exxon suxx. McCain duxx.
Published February 27th, 2008 in Articles, Podcasts
Exxon Mobil appeals $2.5 bln Valdez oil spill award
Wed Feb 27, 2008 3:12pm EST
...the huge Texas-based oil company reported the highest-ever quarterly profit for a U.S. company of $11.7 billion...
By Andrew C. Revkin
If oil lost its subsidies, and solar power and similar options got them, would the world be better off? The political debate continues.
Oil ends at new high of $102.59; natural gas surges
Oil up on Nigeria, weak dollar; natural-gas inventories down for 14th week
By Polya Lesova & Moming Zhou, MarketWatch
Last update: 3:56 p.m. EST Feb. 28, 2008
Exxon suxx. McCain duxx.
Published February 27th, 2008 in Articles, Podcasts
Exxon Mobil appeals $2.5 bln Valdez oil spill award
Wed Feb 27, 2008 3:12pm EST
...the huge Texas-based oil company reported the highest-ever quarterly profit for a U.S. company of $11.7 billion...
Saturday, September 04, 2010
I didn't realize that Matt Simmons had died
INVESTMENT BANKING
Matthew Simmons, Noted Energy Banker, Dies at 67
August 9, 2010, 6:01 PM
Matthew Simmons, Noted Energy Banker, Dies at 67
August 9, 2010, 6:01 PM
"..In 2005, Mr. Simmons wrote “Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy,” in which he argued that Saudi Arabia’s oil production had peaked and that the world was headed for a supply shock. The view made him a national figure for the “peak oil” theory, which espouses that the world had hit its maximum oil production output.
Mr. Simmons retired from Simmons & Company International in 2005 and later served as the company’s executive chairman. He was still the face of the company and maintained client relationships.
Mr. Simmons retired from Simmons & Company International in 2005 and later served as the company’s executive chairman. He was still the face of the company and maintained client relationships.
Mr. Simmons, however, found himself in some hot water with Simmons & Company International in early June after he told Fortune magazine that BP would probably need to declare bankruptcy because of the oil leak in the Gulf of Mexico. BP severed its relationship with the company after Mr. Simmons made the controversial comments. .."
The Republican Who Dared Tell the Truth About America's Looming Oil Disaster
Matt Simmons didn't let the money, bullshit or arrogance surrounding the oil industry cloud his judgment.
September 4, 2010 |The Tyee / By Andrew Nikiforuk
Matt Simmons didn't let the money, bullshit or arrogance surrounding the oil industry cloud his judgment.
September 4, 2010 |The Tyee / By Andrew Nikiforuk
Saturday, May 27, 2006
Indonesia
Indonesia quake toll passes 3,000
More than 3,000 people have been killed and thousands more injured by a strong earthquake that struck the Indonesian island of Java, officials have said.
UN pulls staff from E Timor chaos
Last Updated: Saturday, 27 May 2006, 12:30 GMT 13:30 UK
Natural resources:
gold, petroleum, natural gas, manganese, marble
East Timor awards 6 offshore oil-gas contracts to Italian Eni, Indian Reliance
Media Release
May 23, 2006
The East Timor government announced it has awarded five offshore oil and gas contract areas to Italy's Eni SpA and one area to India's Reliance Industries Ltd through a tender.
East Timor: Gov't readying oil, natural resources legislative package
June 2004
Australia bullies East Timor over oil and gas
By John Ward and Peter Symonds
7 February 2003 (World Socialist Website)
Why Americans should care about East Timor
Noam Chomsky
Aug. 26, 1999
Henry Kissinger - Bloody Hands Full of Gold
By Cheryl Seal
01 December 2002
Handbook of Texas online: OIL EXPLORATION
...A second method of exploration is the Magnetic method. Most oil occurs in sedimentary rocks that are nonmagnetic...
..A third method of exploration is the seismic method..
...Refraction prospecting consists of elastic earth waves, initiated by some concussive force, traveling down to a dense or high velocity bed, then being carried along that bed until they are
rerefracted up to seismic detector locations on the surface some distance from the shot point....
A final method of exploration is the study of stratigraphy...Sample logs, driller's logs, time logs, electrical logs, radioactivity logs, and acoustic logs help geologists predict where oil bearing strata occur.
Friday, February 24, 2006
Suicide bombers attack Saudi oil facility
Reports of explosion at key Saudi oil facility pushes oil price over $62
By Finfacts Team
Feb 24, 2006, 14:04
Reports of explosion at key Saudi oil facility pushes oil price over $62
Anybody else smell a rat here? This follows very quickly on the heels of the horrible Shiite mosque bombing in Iraq. You know the one right before this:Sunni Party Quits Iraq Government Talks After Mosque Bombing
Why the hell did we step into a sectarian problem that has been brewing since around 680 ?
Oh, yeah, gas and oil.
Oil Prices Soar After Saudi Explosion
Associated Press
Update 7: 02.24.2006, 09:02 AM
Going just swimmingly, that attempt to stabilize the area of the world where our energy sources are, isn't it? I have a question for men, since I don't know a whole lot of women who want to do this when they grow up: Who the fuck benefits when shit gets blown up?
And...um...looks like it's 21 instead of 6 ports, hmmmm....
"The security of port terminal operations is a key concern. More than 7 million cargo containers come through 361 American ports annually, half of the containers through New York-New Jersey, Los Angeles and Long Beach, Calif. Only a small percentage are physically searched and just 37 percent currently screened for radiation, an indication of an attempt to smuggle in nuclear material that could be used for a "dirty bomb."
Why only 37% are screened? bananas, kitty litter and toilets
but maybe it's not so bad, after all...
"Since the terrorist attacks, it has cut ties with the Taliban, frozen just over $1 million in alleged terrorist funding, and given the United States key military basing and over-flight rights. At any given time, there are 77,000 U.S. service members on leave in the United Arab Emirates, according to the Pentagon. "...
UAE terminal takeover extends to 21 ports
By PAMELA HESS
UPI Pentagon Correspondent
WASHINGTON, Feb. 24 (UPI)
By Finfacts Team
Feb 24, 2006, 14:04
Reports of explosion at key Saudi oil facility pushes oil price over $62
Anybody else smell a rat here? This follows very quickly on the heels of the horrible Shiite mosque bombing in Iraq. You know the one right before this:Sunni Party Quits Iraq Government Talks After Mosque Bombing
Why the hell did we step into a sectarian problem that has been brewing since around 680 ?
Oh, yeah, gas and oil.
Oil Prices Soar After Saudi Explosion
Associated Press
Update 7: 02.24.2006, 09:02 AM
Going just swimmingly, that attempt to stabilize the area of the world where our energy sources are, isn't it? I have a question for men, since I don't know a whole lot of women who want to do this when they grow up: Who the fuck benefits when shit gets blown up?
And...um...looks like it's 21 instead of 6 ports, hmmmm....
"The security of port terminal operations is a key concern. More than 7 million cargo containers come through 361 American ports annually, half of the containers through New York-New Jersey, Los Angeles and Long Beach, Calif. Only a small percentage are physically searched and just 37 percent currently screened for radiation, an indication of an attempt to smuggle in nuclear material that could be used for a "dirty bomb."
Why only 37% are screened? bananas, kitty litter and toilets
but maybe it's not so bad, after all...
"Since the terrorist attacks, it has cut ties with the Taliban, frozen just over $1 million in alleged terrorist funding, and given the United States key military basing and over-flight rights. At any given time, there are 77,000 U.S. service members on leave in the United Arab Emirates, according to the Pentagon. "...
UAE terminal takeover extends to 21 ports
By PAMELA HESS
UPI Pentagon Correspondent
WASHINGTON, Feb. 24 (UPI)
Monday, April 02, 2012
OIl and money, money and oil
Tomgram: Michael Klare, Welcome to the New Third World of Energy, the U.S.
Posted by Michael Klare at 5:09pm, April 1, 2012.
"...Fracking Our Way to a Toxic Planet
Such pressures in the Third World have forced the major U.S. and European firms -- BP, Chevron, ConocoPhillips, ExxonMobil, Royal Dutch Shell, and Total of France -- to look elsewhere for new sources of oil and natural gas. Unfortunately for them, there aren’t many places left in the world that possess promising hydrocarbon reserves and also welcome investment by private energy giants. That’s why some of the most attractive new energy markets now lie in Canada and the United States, or in the waters off their shores. As a result, both are experiencing a remarkable uptick in fresh investment from the major international firms.
Both countries still possess substantial oil and gas deposits, but not of the “easy” variety (deposits close to the surface, close to shore, or easily accessible for extraction). All that remains are “tough” energy reserves (deep underground, far offshore, hard to extract and process). To exploit these, the energy companies must deploy aggressive technologies likely to cause extensive damage to the environment and in many cases human health as well. They must also find ways to gain government approval to enter environmentally protected areas now off limits...
Put another way, North America will have to be Third-Worldified."
Raymond J. LearsyAuthor, 'Oil and Finance: The Epic Corruption Continues'
Shell Supports Iran's Murderous Mullahs; Should We Be Supporting Shell?
Posted: 04/ 2/2012 5:16 am
Russia Moves to Drill in Arctic, Oil Companies Follow Suit
Brian Merchant
Business / Corporate Responsibility
February 15, 2011
SUNDAY, APR 1, 2012 2:00 PM PDT
How billionaires destroy democracy
Wealthy Wall Streeters have rigged the economy and the government against the people. Here's how they did it
BY LINDA MCQUAIG AND NEIL BROOKS
Posted by Michael Klare at 5:09pm, April 1, 2012.
"...Fracking Our Way to a Toxic Planet
Such pressures in the Third World have forced the major U.S. and European firms -- BP, Chevron, ConocoPhillips, ExxonMobil, Royal Dutch Shell, and Total of France -- to look elsewhere for new sources of oil and natural gas. Unfortunately for them, there aren’t many places left in the world that possess promising hydrocarbon reserves and also welcome investment by private energy giants. That’s why some of the most attractive new energy markets now lie in Canada and the United States, or in the waters off their shores. As a result, both are experiencing a remarkable uptick in fresh investment from the major international firms.
Both countries still possess substantial oil and gas deposits, but not of the “easy” variety (deposits close to the surface, close to shore, or easily accessible for extraction). All that remains are “tough” energy reserves (deep underground, far offshore, hard to extract and process). To exploit these, the energy companies must deploy aggressive technologies likely to cause extensive damage to the environment and in many cases human health as well. They must also find ways to gain government approval to enter environmentally protected areas now off limits...
Put another way, North America will have to be Third-Worldified."
Raymond J. LearsyAuthor, 'Oil and Finance: The Epic Corruption Continues'
Shell Supports Iran's Murderous Mullahs; Should We Be Supporting Shell?
Posted: 04/ 2/2012 5:16 am
Russia Moves to Drill in Arctic, Oil Companies Follow Suit
Brian Merchant
Business / Corporate Responsibility
February 15, 2011
SUNDAY, APR 1, 2012 2:00 PM PDT
How billionaires destroy democracy
Wealthy Wall Streeters have rigged the economy and the government against the people. Here's how they did it
BY LINDA MCQUAIG AND NEIL BROOKS
Monday, May 29, 2006
Memorial Day
Baghdad ER
So today we honor the dead. I think we should also honor the living. Especially those who are struggling to live with serious disabilites as a result of this war. How about let's not cut their medical benefits any more than they have been. How about let's make sure they get some counseling so they can deal with the fireworks on July 4th without hitting the deck.
PLANNING NATIONAL STRATEGIES--Marine interests at stake / Japanese shipping faces crewing crisis
The Daily Yomiuri, Japan - May 26, 2006
Metering
7. The IAMB was informed that no progress had been made with regards to the metering contract.
8. The IAMB expressed concern that this process had taken a long time, and urged the Government of Iraq to expedite the process.
Controls in the Ministries
9. The lack of metering notwithstanding, the IAMB was informed that controls were in place with regards to the oil quantities exported and the issuance of invoices in respect thereof.
The country of the Thousand Scandals and One Scandal
By Dr. Kadhim al-Miqdadi
...Our oil is being squandered. Oil smuggling has become a usual trade in Iraq and is taking different forms and facets.
There is the official smuggling, semi-official smuggling, tribal smuggling and sectarian smuggling.
Meters measuring oil output, exports and quantities of products churned out by refineries are said to be most of the time out of order.
Our oil meters are even less efficient and reliable than the taxi meters illiterate drivers use in a developing country in Africa...
Think the US could spare some of these?
Yeah, yeah, I know, that's pretty funny, eh? Probably not somthing Big Dick-shoot-em-in-the face is gonna suggest, huh? But now Dick CAN say that Al-Qaeda is in Iraq. Good Job Dick-head.
Because Dick don't need no stinkin' Constitution, & neither do we.
and NEWSCOMA reminds us via Alternet that it's not all about oil, it's about power.
So today we honor the dead. I think we should also honor the living. Especially those who are struggling to live with serious disabilites as a result of this war. How about let's not cut their medical benefits any more than they have been. How about let's make sure they get some counseling so they can deal with the fireworks on July 4th without hitting the deck.
PLANNING NATIONAL STRATEGIES--Marine interests at stake / Japanese shipping faces crewing crisis
The Daily Yomiuri, Japan - May 26, 2006
Metering
7. The IAMB was informed that no progress had been made with regards to the metering contract.
8. The IAMB expressed concern that this process had taken a long time, and urged the Government of Iraq to expedite the process.
Controls in the Ministries
9. The lack of metering notwithstanding, the IAMB was informed that controls were in place with regards to the oil quantities exported and the issuance of invoices in respect thereof.
The country of the Thousand Scandals and One Scandal
By Dr. Kadhim al-Miqdadi
...Our oil is being squandered. Oil smuggling has become a usual trade in Iraq and is taking different forms and facets.
There is the official smuggling, semi-official smuggling, tribal smuggling and sectarian smuggling.
Meters measuring oil output, exports and quantities of products churned out by refineries are said to be most of the time out of order.
Our oil meters are even less efficient and reliable than the taxi meters illiterate drivers use in a developing country in Africa...
Think the US could spare some of these?
Yeah, yeah, I know, that's pretty funny, eh? Probably not somthing Big Dick-shoot-em-in-the face is gonna suggest, huh? But now Dick CAN say that Al-Qaeda is in Iraq. Good Job Dick-head.
Because Dick don't need no stinkin' Constitution, & neither do we.
and NEWSCOMA reminds us via Alternet that it's not all about oil, it's about power.
Tuesday, May 23, 2006
rubles, rials & prisons
RTS bourse to start trading oil, oil products, gold on June 8
22/ 05/ 2006
Russia
RTS bourse to start trading oil, oil products, gold on June 8
16:03
By Mike Whitney 05/22/06
Vladimir Putin and the rise of the petro-ruble
Putin’s plan is similar to that of Iran, which announced that it would open an oil-bourse (oil exchange) on Kish Island in two months...
The Coming Financial Crises?
American prison population surpasses 2 million, the highest incarceration rate in the world
Jeez, Jeebus, whatever, it's lookin' more and more like crash and burn time.
Friday, July 22, 2011
What Just Happened in Oslo, Norway? (UPDATES)
Update 8PM At Least 80 Are Dead in Norway Shooting
By ELISA MALA and J. DAVID GOODMAN
Published: July 22, 2011
"...After the shooting the police seized a 32-year-old Norwegian man on the island, according to the police and Justice Minister Knut Storberget.He was later identified as Anders Behring Breivik and was characterized by officials as a right-wing extremist..."
I'm an idiot, I went with the early speculation of blame the Muslim extremist bs at first glance, probably because of the Bawer book. Wrong. I was soooooo wrong:
Norway suspect 'fundamentalist Christian'
Pierre-Henry Deshayes
July 24, 2011 - 1:24AM
What Just Happened in Oslo, Norway? (UPDATES)
Fri Jul. 22, 2011 10:25 AM PDT Mother Jones
Nick Baumann
probably unrelated
OSLO - Norwegian oil firm DNO said on Tuesday it had more than doubled its oil reserve estimate for its licensed Tawke oil field in the Kurdistan region of Iraq, sending its share price up nearly four percent.
"After this third party review by our external auditors, the Tawke oil field is confirmed to be a world class, giant oil field," DNO chief Helge Eide said in a statement.
more possibly unrelated info
more possibly unrelated info
The Mullah Krekar Show
By ELISA MALA and J. DAVID GOODMAN
Published: July 22, 2011
"...After the shooting the police seized a 32-year-old Norwegian man on the island, according to the police and Justice Minister Knut Storberget.He was later identified as Anders Behring Breivik and was characterized by officials as a right-wing extremist..."
I'm an idiot, I went with the early speculation of blame the Muslim extremist bs at first glance, probably because of the Bawer book. Wrong. I was soooooo wrong:
Norway suspect 'fundamentalist Christian'
Pierre-Henry Deshayes
July 24, 2011 - 1:24AM
What Just Happened in Oslo, Norway? (UPDATES)
Fri Jul. 22, 2011 10:25 AM PDT Mother Jones
Nick Baumann
probably unrelated
OSLO - Norwegian oil firm DNO said on Tuesday it had more than doubled its oil reserve estimate for its licensed Tawke oil field in the Kurdistan region of Iraq, sending its share price up nearly four percent.
"After this third party review by our external auditors, the Tawke oil field is confirmed to be a world class, giant oil field," DNO chief Helge Eide said in a statement.
more possibly unrelated info
| Book review: 'Midnight on the Mavi Marmara' |
"...Bayoumi introduces the anthology's subject by emphasising its international impact.
The attack on the Mavi Marmara, he explains, resulted in demonstrations in major European capitals, Turkey, Canada and many US cities. Bayoumi credits the attack for pushing Egypt to finally open its Rafah border crossing into Gaza.
Belgium, Norway, Denmark, Spain Greece, and Sweden summoned their Israeli ambassadors, Bayoumi continues, while Turkey, Ecuador and South Africa recalled theirs from Jerusalem. Some dockworkers in American and European cities refused to unload Israeli ships for a time in protest, a move he cites as evidence of the attack's widespread global unpopularity.... '
The Mullah Krekar Show
Foreign Policy
Is this the man behind the Oslo terrorist bombing?
BY J.M. BERGER | JULY 22, 2011
Is this the man behind the Oslo terrorist bombing?
BY J.M. BERGER | JULY 22, 2011
I read Bruce Bawer's book about 4 years ago, and here is a blogpost of his from about a week ago. Bawer is a gay American living in Oslo and his persective worried me while I was reading the book, but umm....I pretty much forgot about it till this morning, because I figured he leaned a bit too far to the right for me.
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