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Peak Oil Information And Message Boards

An investigation of oil trading by the U.S. Commodity Futures Buying and selling Commission will likely goal proof that traders intended to manipulate markets slightly than just schemed to earn money, former officials of the company said.

Bloomberg.com
The coming Energy Wars

Oil costs might hit $200 a barrel in the subsequent few months. How the spike changes every little thing. This spring, America hit a historic point. With average gasoline costs per gallon edging towards $four, America’s notoriously profligate ways began to change quick. People are driving less, using mass transit extra, shopping for fewer gas guzzlers, certainly purchasing […]

Australia: Peak oil protest in the town
PEAK-HOUR site visitors was faced with the looming actuality of “peak oil” this morning. About 15 involved demonstrators marched at the intersection of King William St and North Tce between 8am and 9am to lift awareness that petrol will eventually run out. Organisers Past Oil SA known as on the State Authorities to take a position extra in public […]

Group leaders instructed of must plan for diminishing oil supplies, increased value
Respected city planner Tim Moerman says the controversy over peak oil is completed and now it’s time to confront the petroleum equipment kerrville texas zip code challenge it presents to the future. The idea that world oil manufacturing would at some point attain a peak and start to diminish afterward has been round since M. King Hubbert first floated it within the […]

Qaeda claims failed assault on oil refinery in Yemen
DUBAI (Reuters) – An al Qaeda-linked group claimed responsibility on Saturday for a mortar assault on a refinery in Yemen, which officials stated didn’t trigger any damage, based on an Web assertion. Three blasts have been heard on Friday on the refinery in the southern port metropolis of Aden, officials said. “Al Qaeda Organisation in […]

Crude Oil: On Direction and Equity Correlation
My eyes have been on crude, and I’m genuinely confounded on where it goes. I’ve been burned too many instances making an attempt to brief crude currently, considering for a while that this was a hypothesis driven ascent – but the last two EIA studies show assist for this newest transfer. This is an example of worth […]

UK oil income are largely an illusion
In concept, it would be all too straightforward for the Chancellor to postpone the 2p improve in gas duty. This 12 months, the Institute for Fiscal Research revealed, the Treasury will obtain a windfall of about In his Budget in March, the Chancellor’s estimates for revenues from the North Sea were based mostly on the consensus view […]

Russia to extend oil output after tax cuts – Putin
PARIS (Reuters) – Russia, the world’s second-largest oil exporter, will raise its oil output in the subsequent few years as new tax cuts will allow oil companies to take a position more in exploration and production, Prime Minister Vladimir Putin said. Russia imposed heavy taxes on the oil trade, stashing away the proceeds in two oil wealth […]

Getting Oil From A Stone
Exxon Mobil’s CEO says his power company’s “corporate social responsibility” is to supply extra vitality. While Congress desires to tax oil earnings, he needs to spend them to seek out more oil. What a concept. Whereas some firms like British Petroleum run countless advertisements touting their capitulation to the global warming religion by saying they’re […]

Europe balks at $eight a gallon fuel
London – Trucks blocking a foremost London highway, fishermen blockading French ports, Dutch drivers petitioning parliament, Spanish and Italian fishermen voting to strike

Norfolk Southern: Within the era of document oil prices, the railroads are roaring
Readers of this house know that one in all the preferred sectors is the railroad sector. The once close to-rust-belt stage sector has experienced a revival firstly of the globalization age, and compelling financial tendencies document the commerce-based mostly underpinnings of this revival. Most transportation officials agree that the U.S. transportation infrastructure — highways, roads, bridges, […]

Weekend Vitality Listening: The H2 Financial system vs the Electron Economic system
This week’s installment of the podcast is a conversation that I had with Ulf Bossel, organizer of the Lucerne Gas Cell Discussion board, one in all the most important scientific gas cell conferences going. This conference used to flip yearly between a focus on low temperature PEM fuel cells and a focus on excessive temperature solid oxide […]

UK: Oil delivery strike may hit refinery
SOUTH Tyneside’s main oil refinery could be hit after delivery drivers voted to take strike motion. Drivers contracted to oil firm Shell have voted by an overwhelming majority to take strike action in a dispute over pay. More than 500 drivers across Britain

Standoff grows over Russia-BP enterprise
MOSCOW: BP, the huge British oil firm, rejected demands from a gaggle of Russian billionaires to hearth the pinnacle of their lucrative TNK-BP natural gas joint enterprise in Russia, it stated Friday, deepening a confrontation between shareholders as Russia’s greatest state-managed oil petroleum equipment kerrville texas zip code firms seek a stake within the enterprise. Tensions between Russian and overseas shareholders […]

Mounting Costs Slow the Push for Clean Coal
WASHINGTON Nevertheless it has develop into clear in latest months that the nation

Iranian fuel supplies to Turkey resume after pipeline blast
TEHRAN (AFP) – Iran said on Saturday it has resumed supplying natural fuel to Turkey 5 days after an explosion damaged a pipeline between the 2 nations, state media reported. “After Turkey introduced it has finished repairing the pipeline, the export of 15 to 20 million cubic metres (525 to 700 cubic feet) of fuel […]

For all the anger around the world, the era of low cost gasoline has ended
Gordon Brown this week described the present financial crisis as the third nice “oil shock” of current a long time. In reality, there are vital differences between the current state of affairs and the power shocks of the 1970s. The reason for the high price of oil in that sad period was Center Japanese producers reducing again supply for […]

The crude details of oil
Daily, at a fee of 160,000 litres a second, crude oil gushes from the good Earth. That’s thirteen billion litres each 24 hours, value about $US11.Three billion ($A11.8 billion) at today’s report costs. By any measure, the global oil financial system is an eye-popping phenomenon. In a single day world oil income now matches the […]

Inflation and oil costs sizzling for the foreseeable future: Alan Greenspan
Oil costs and overall price inflation will remain elevated for the foreseeable future, former U.S. Federal Reserve chairman Alan Greenspan predicted Friday. “As far as I can tell it’s a protracted-time period uptrend,” the former central banker instructed 1,900 people who attended a lunch-time speech in Montreal. Greenspan said oil prices are rising partly based on […]

Do We need an Energy ”Manhattan Project”
Can Large Authorities actually resolve the energy crisis It would be nice to believe that. Whereas America has a a lot-deserved popularity as the land of free-market-loving entrepreneurs, that doesn’t imply Uncle Sam can’t occasionally take the lead and obtain some pretty impressive results. Two that shortly come to thoughts are the Manhattan Undertaking ($20 billion […]

Suppose gasoline costs are high Try $11 in Turkey
PARIS – People are shell-shocked at $4-a-gallon fuel. But consider France, the place a gallon of petrol runs nearly $10. Or Turkey, the place it’s greater than $eleven. Drivers all over the world are being pummeled by the results of file fuel costs. And now some are hitting again, staging strikes and protests from Europe to Indonesia to […]

Virgina Governor Allows ”Half-Pricing” on Gasoline Pumps
Look intently on the indicators at the pump. You could also be getting solely a half-gallon of fuel. That’s as a result of some older gas pumps across the country have been constructed at a time when few individuals imagined $4-a-gallon fuel. These pumps can solely post a value as high as $three.99. Immediately, Gov. Timothy M. Kaine issued an […]

Paul Van Eeden about monetary coverage of the FED on CNBC
CNBC invited Paul Van Eeden to defend his argument that oil is trading above US$130 a barrel due to the Fed’s monetary coverage. Van Eeden argues that in adjusted phrases the value of oil has gone from $3 a barrel to $13. YouTube

Shocked! How the oil disaster has hit the world
British pensioners who can’t afford to heat their homes. European hauliers and fishermen whose livelihoods are under threat. Palestinians compelled to fill up their vehicles with olive oil. People requested to go down to a 4-day week. All world wide, in a mess of the way, the soaring worth of oil is hurting wealthy and […]

Oil price profiteering to be curbed at ICE Futures Europe and Nymex

200,000 tons of methanol installation

Two of the world’s largest power exchanges have compelled traders to deposit considerably more cash when investing to curb volatility in energy markets and drive out speculators. The exchanges and related clearing homes have found themselves on the centre of the rising storm over claims that speculators have been behind the latest rise in oil […]