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Peak Oil News & Message Boards

• Law of supply and demand fuels rising oil prices

  The real issue that McCain, Clinton and anyone truly serious about gas prices must confront is peak oil.

  Peak oil theorists do not suggest that the Earth will surrender its last drop of oil anytime soon. Rather, they contend that the world's oil supply has, or soon will, hit its [...]

  
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  Posted: May 12, 2008, 5:58am Eastern Daylight Time

• How artificial is the crude oil price? Have we passed peak oil?

  There’s a counter-argument to the lots-of-oil faith. We’ve reached peak oil and unless we’re willing to strip mine much of the habitable earth, we’re looking at energy shortages going forward. Higher prices all around. Matthew Simmons has been saying that “oil reserves” claimed by nations like Saudi Arabia are phoney. [...]
  
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  Posted: May 12, 2008, 5:56am Eastern Daylight Time

SeekingAlpha Energy Stocks

• Coal Investors Partying Like It's 1999

  David Zanoni submits:

  We all remember the internet stock boom in 1999. Investors made a lot of money and there was no end in sight for stock prices that year. Euphoric feelings had the bulls on parade on Wall Street. Recently, the energy bull market has created a similar euphoric feeling [...]

  
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  Fetched: May 12, 2008, 5:54am Eastern Daylight Time

• Solar Up Thanks to Eye Popping Gains; Renewable Electricity Too

  Author: Mark Henwood

  Broad market indices (Emerging Markets, EAFA, S&P 500) all fell this week. Camino’s PurePlay™ indices were mixed, commodities (DJP) rose strongly.
  The PurePlay™ Solar index, comprised of 34 companies, reversed last week's 2.0% loss with a 0.9% gain. The index members were mixed with 13 stocks increasing and 21 stocks declining. In [...]
  
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  Fetched: May 12, 2008, 5:54am Eastern Daylight Time

• Parabolic Move In Crude Oil Looks Extended

  This is a bit of a stretch, but a comparison of the current price of crude oil futures and the Dow Industrials from 1987 would indicate that crude is getting a bit extended.

  The following shows a daily chart of crude oil futures hitting a DeMark Sequential 13 count. After an already strong run [...]

  
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  Fetched: May 12, 2008, 5:54am Eastern Daylight Time

Peak Oil News & Message Boards

• No gas to spare, Dhaka tells Tata

  DHAKA: Bangladesh has told the Tata Group that it does not have gas to spare for the steel and fertiliser plants that form part of its $3 billion investment proposals. Instead, Tata should await the coal policy that is on the anvil.

  Allen Roseling, executive director of Tata Sons, responded [...]

  
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  Posted: May 12, 2008, 5:51am Eastern Daylight Time

• Australia: Solar energy technology must be improved: G-G

  Governor-General Major General Michael Jeffrey has stepped into the energy debate, saying solar power is Australia's best prospect of securing a large-scale clean and sustainable energy source.

  Speaking at a Future Summit in Sydney, he suggested water, food and the environment would be among Australia's top issues in 50 years time, [...]

  
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  Posted: May 12, 2008, 5:43am Eastern Daylight Time

• NZ: Smelter threatens closure over Govt's carbon scheme

  The owners of the Tiwai Point aluminium smelter near Invercargill are threatening to close – which would put thousands of Kiwis out of work – and they are blaming the Government's costly carbon emissions trading scheme.

  The Asia Pacific head of owners Rio Tinto flew from Europe to Parliament today – [...]

  
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  Posted: May 12, 2008, 5:40am Eastern Daylight Time

• Families now need £1,000 more than this time last year

  Millions of families are having to spend almost £1,000 a year extra on food after more punishing price rises.

  The annual increase in the price of a basket of essentials surged to 19.1 per cent in May, according to the Daily Mail Cost of Living Index. [...]

  
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  Posted: May 12, 2008, 5:38am Eastern Daylight Time

• Nigeria: Nupeng Predicts More Crisis in Delta

  The National Union of Petroleum and Natural Gas Workers, NUPENG, has raised the alarm that unless the issue of Nigerian workers in multinational oil companies, whom it accuses of turning to slaves, is addressed the current crisis in the Niger Delta might be a child's play in the future.

  NUPENG's national [...]

  
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  Posted: May 12, 2008, 5:33am Eastern Daylight Time

• Nigeria: Niger Delta - Financial Crisis Hits Shell

  Production looses arising from the protracted Niger Delta crisis and alleged inability of the Nigerian Government to properly fund its own share of the Joint venture has put the Shell Petroleum Development Com-pany of Nigeria (SPDC) in a financial crisis.

  THISDAY checks revealed that the Royal Dutch Company is cash-strapped and [...]

  
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  Posted: May 12, 2008, 5:31am Eastern Daylight Time

• China faces 7.3 million tonne LPG shortfall in 2010: report

  China will face a shortfall of 7.3 million tonnes in liquefied petroleum gas (LPG) supply by 2010 due to surging demand in the countryside and small and medium-sized cities, state media reported on Monday.

  According to the development plan of the country's oil industry, domestic demand of LPG is forecast to [...]

  
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  Posted: May 12, 2008, 5:27am Eastern Daylight Time

R-Squared

• Replacing Gasoline with Solar Power

  Number of comments: 11
  Executive Summary
  
  If you don't want to run through the calculations, here is the summary. I attempted a thought experiment in which I calculated whether it would be feasible to use solar power to generate enough energy to offset all U.S. gasoline consumption. My conclusion is that it will [...]
  
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  Posted: May 12, 2008, 4:00am Eastern Daylight Time by Robert Rapier

SeekingAlpha Energy Stocks

• San Juan Basin Royalty Trust: Better News Ahead

  Kurt Wulff (McDep Associates) submits:

  Buy-recommended San Juan Basin Royalty Trust (SJT) offers estimated distribution yield of 10.3% for the next year and a high quality resource position in the largest natural gas field in the U.S. The latest monthly distribution declared on April 18 [...]

  
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  Fetched: May 12, 2008, 1:54am Eastern Daylight Time

• Lukoil Oil: Strong Cash, Possibly Lower Tax

  Kurt Wulff (McDep Associates) submits:

  The common shares of buy-recommended Lukoil Oil Company (LUKOY.PK) offer unlevered appreciation potential of 54% to estimated net present value [NPV] of $134 a share. In fourth quarter 2007 results reported on April 10, unlevered cash flow (Ebitda) exceeded our projection by [...]

  
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  Fetched: May 12, 2008, 1:54am Eastern Daylight Time

Cleantech blog

• Solar and Renewable Electricity Gain (Week Ending 5/9)

  Author: Mark Henwood
  
  Broad market indices (Emerging Markets, EAFA, S&P500) all fell this week. Camino’s PurePlay™ indices were mixed, commodities (ticker DJP) rose strongly.
  
  The PurePlay™ Solar index, comprised of 34 companies, reversed last week's 2.0% loss with a 0.9% gain. The index members were mixed [...]
  
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  Posted: May 12, 2008, 1:49am Eastern Daylight Time by Mark Henwood

Peak Oil News & Message Boards

• Petroleum : A Historical Review

  The effect that rising oil prices have on a market is not directly proportional to the cost of crude oil. For example, while crude oil prices increased 400% from 2003-2008, United States gasoline prices did not rise by the same amount. This is because the profits of distributors and retailers, [...]
  
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  Posted: May 11, 2008, 11:11pm Eastern Daylight Time

• Venezuela's Chavez to buy Chinese K-8 planes

  Venezuelan President Hugo Chavez said on Sunday the OPEC nation will buy Chinese military training planes, expanding recent arms purchases and further cementing a growing relationship with China. Chavez in recent years has stepped up purchases of weapons and planes. Washington accuses the self-styled revolutionary of carrying out an arms spending [...]
  
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  Posted: May 11, 2008, 11:08pm Eastern Daylight Time

• Oil Shock 2?

  Two years ago a leading economist published a study provocatively titled: "What would $120 oil mean for the global economy?" Answer: a global recession, if the price stayed there for a year. Now the future has arrived, with the United States and other nations getting a double whammy from both [...]
  
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  Posted: May 11, 2008, 11:02pm Eastern Daylight Time

• Economy and the World in Crisis: Gas, Food, Thought

  Crisis is defined first as a "turning point" and secondly as a "crucial situation." Currently the world is deep into the latter as it relates to energy and food, though inevitably the present situation will evolve into the former. The international community, and particularly the United States, must be willing [...]
  
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  Posted: May 11, 2008, 10:59pm Eastern Daylight Time

• Who's Really to Blame for Rising Oil?

  This might be the worst kind of oil spill. The bubbly high price of oil has spilled over into food and the damage appears to be life threatening. Somalia is the latest to join the growing list of African countries where rising food prices have led to violence. A sack [...]
  
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  Posted: May 11, 2008, 10:55pm Eastern Daylight Time

• Drillers blame rules for gas costs

  Workers in the gas industry and their bosses turned out in force last week for the ninth Four Corners Oil & Gas Conference at McGee Park. Conference chairman Rod Troxell, the Health, Safety and Environmental Professional for Pesco Inc., called the conference "really more of a trade show," as evidenced [...]
  
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  Posted: May 11, 2008, 10:45pm Eastern Daylight Time

• China's energy security moves it closer to the Middle East

  Energy consumption in China is growing as fast as the rapidly growing Chinese economy. China has changed from a net oil exporter to a net oil importer. In recent years, 40 to 50 percent of the oil that China consumes is imported. Of that, 60 percent comes from the Middle [...]
  
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  Posted: May 11, 2008, 10:40pm Eastern Daylight Time

• Russia becoming energized

  Even so, as energy prices soar, Russia grows wealthier and more powerful by the day, a sort of Saudi Arabia with snow. Interestingly, Russia today commands far more influence over Western Europe than it did when 100 Red Army divisions threatened the continent to the point where France began re-arming [...]
  
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  Posted: May 11, 2008, 10:38pm Eastern Daylight Time

• Saudi keeps June crude supplies to Japan steady

  Saudi Arabia, the world's top crude exporter, will supply full contracted volumes of crude oil in June to two Japanese lifters, steady from May levels, industry sources said on Monday. "The supply will be the contract volume for June," said the source with a Japanese refiner. A second source with another Japanese [...]
  
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  Posted: May 11, 2008, 10:34pm Eastern Daylight Time

• Trains may not be our biggest worry

  U.S. Sen. Chris Dodd, D-Conn., stopped by last week and said, among a lot of other things, that America needs bigger ideas. He lamented that for 25 years we've been mired in things too small. As a nation, "we need more creativity and imagination," he said, not quite pounding the conference [...]
  
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  Posted: May 11, 2008, 10:24pm Eastern Daylight Time

• OPEC talk of pumping more oil

  THE oil cartel OPEC said it would consult on a possible increase in production after the price of crude rose for a fifth successive day on Friday, trading above $US126 a barrel for the first time.
  
  Amid heavy speculative buying by hedge funds, an OPEC source said member countries might discuss [...]
  
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  Posted: May 11, 2008, 10:18pm Eastern Daylight Time

• Civilization's Last Chance

  Even for Americans -- who are constitutionally convinced that there will always be a second act, and a third, and a do-over after that, and, if necessary, a little public repentance and forgiveness and a Brand New Start -- even for us, the world looks a little terminal right now. It's [...]
  
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  Posted: May 11, 2008, 10:11pm Eastern Daylight Time

The Oil Drum

• What would $120 oil mean for the global economy?

  The pdf is a short report written by Robert F. Wescott and published in April 2006 by Securing America’s Future Energy. It was written when oil was ~$60 a barrel and addressed a scenario where the price of oil surged to $120 due to coordinated terrorist attacks on global [...] Share | Rate | Permalink Posted: May 11, 2008, 7:15pm Eastern Daylight Time by Chris Vernon Peak Oil News & Message Boards Ghana: 'Literally, This Is Energy From Dirt' You've heard of solar power, and also wind power. Now, you might start hearing about soil power as well. Microbial fuel cells (MFCs) that make use of the energy given off by soil microbes are amongst the technologies that hold promise for bringing power to developing states, where electricity is often [...] Share | Rate | Permalink Posted: May 11, 2008, 5:25pm Eastern Daylight Time High oil prices will break some airlines: Ryanair boss The current record highs in oil prices will force some airlines into bankruptcy, the outspoken chief executive of budget airline Ryanair told a German newspaper on Sunday. World oil prices have rocketed 25 percent since the start of 2008 and have doubled in the past 12 months from around 62 [...] Share | Rate | Permalink Posted: May 11, 2008, 5:08pm Eastern Daylight Time The oil rocket Nothing can rise exponentially, even if it is crude Oil. The asset's exponential rise is more an indication of an ending trend and not vice versa. There aren't any chilly warnings of Oil heading to $200, like many in OPEC believe. Does OPEC really know? The axiom linked with [...] Share | Rate | Permalink Posted: May 11, 2008, 5:05pm Eastern Daylight Time Iran looks to tap key oil field with homegrown crews AZADEGAN OIL FIELD, Iran (AP) — At this huge oil field in southwest Iran, one building stands out among the pumps and maze of pipelines: On its roof in giant letters, big enough for satellites or pilots to see, are the words: "We can do it." The slogan, made famous by [...] Share | Rate | Permalink Posted: May 11, 2008, 5:02pm Eastern Daylight Time NEI Nuclear Notes The Rise of Carly Fiorina It's been a good few months for Carly Fiorina; the once embattled former president and CEO of Hewlett-Packard is now an advisor and leading surrogate for the McCain presidential campaign. Fiorina has recently been mentioned as a possible running mate with [...] Share | Rate | Permalink Posted: May 11, 2008, 4:04pm Eastern Daylight Time Peak Oil News & Message Boards Qatar says oil price out of OPEC's control DOHA (Reuters) - There is nothing OPEC can do to reduce record oil prices, so there is no need for the organisation to hold an emergency meeting before September, Qatar's oil minister said on Sunday. "We don't need to meet before September because we have nothing to do before September," [...] Share | Rate | Permalink Posted: May 11, 2008, 4:00pm Eastern Daylight Time Oil powered Norway gradually turns into the wind UTSIRA, Norway (AFP) - As Norway prepares for a future after oil, the gale-force potential of harvesting wind power off its long coastline has become an increasingly attractive proposition. "Wind-mapping shows that ... Norway is among the (world's) most ideal locations for wind power, both on the coast and offshore," [...] Share | Rate | Permalink