China’s growing appetite for oil
The country’s oil consumption has doubled in the past decade, and China last year surpassed Japan as the world’s second-largest user of petroleum — consuming about 6 million barrels a day.
Consumption & Demand
Maybe it’s time to panic about gas
Breaking the $2-a-gallon gasoline price barrier was unpleasant, and your lightened wallet may be eliciting visions of Nixon-era rationing and fill-up lines beyond the horizon, but geologists and economists think the industry and the economy will be just fine. Gas is cheap, they say, when you consider the rising costs of everything else. But another consensus has emerged among the experts: This might be a good time to panic anyway.
Indonesian Oil News Round Up
Indonesia is a net oil importer, and as such, should leave OPEC, says its former energy minister. Meanwhile, the high oil prices are have a damaging effect on the nation’s economy.
U.S. energy official praises Russia’s oil increase
The U.S. energy secretary, Spencer Abraham, praised on Friday Russia’s plans to increase oil exports to America and highlighted natural gas as the next long-term U.S.- Russia joint energy project.
If Oil Supplies Were Disrupted, Then …
With demand high, supplies squeezed, prices climbing and refineries already running flat out, what if something really went wrong? Something like a terror attack on crucial oil installations in Saudi Arabia or in the United States, or something less sinister but just as disruptive, like a fire or accident at a major refinery or port or a flare-up of civil or labor turmoil in Nigeria or Venezuela?
Asia’s surging energy demand
WHEN Hu Jintao, the president of China, went half way round the world in February to see President Omar Bongo of Gabon, he was not merely paying a courtesy visit to the African ruler of a population one-thousandth the size of China’s. Hu was after oil.
Saudis debate boosting oil output capacity, as OPEC weighs options
Saudi oil officials are considering when to start expanding their country’s long-term production capacity to stay ahead of the surging global demand for crude, executives at the state-run Saudi oil company said Thursday.
Canadian oilsands production expected to more than double by 2015
Northern Alberta’s oilsands are expected to more than double production to 2.2 million barrels per day by 2015 and boost Canada’s standing as a major oil producer, but it will likely do little to meet the world’s growing energy demands.
Report: Regional Footprint 33 Times Too Large for Sustainability
OAKLAND, Calif.– A new analysis of the Bay Area’s ecological impact by Redefining Progress, done in conjunction with the Bay Area Alliance for Sustainable Communities, shows that the Bay Area relies on the equivalent of more than 146 million acres to sustain itself. This area is nearly the size of the states of California and Oregon combined.
‘The Oil We Eat’ Following the Food Chain back to Iraq
The journalist’s rule says: follow the money. This rule, however, is not really axiomatic but derivative, in that money, as even our vice president will tell you, is really a way of tracking energy. We’ll follow the energy.
Why Gas Should Cost More
North Americans complain about fuel costs. But to avoid a possibly unprecedented human crisis in coming decades, they should be urging their governments to allow the price of oil and natural gas to rise even more.
Campbell: Peak Oil in 2008
Colin Campbell and the Uppsala Hydrocarbon Depletion Study Group has now made the 2004 upgrade of the peak oil model. The peak is moved from 2010 to 2008