[Peakoil] News items on peak oil - 1 Feb 2006

[Antony Barry]

Begin forwarded message:

> Date: 1 February 2006 5:03:28 AM
> Subject: DEVONagent: 3 results (news)
>
> Squeezing the Last Drop of Oil
>
> Companies used to leave plenty of oil within wells and move on. Now  
> technology is allowing adventurous outfits to get at what was once  
> inaccessible
> Until a few years ago, few oil companies bothered to extract every  
> last drop from their fields. That might seem surprising, given the  
> ever-rising price of what the theme song from TV's Beverly  
> Hillbillies so eloquently described as "Texas tea."
> Yet most oil wells still have a fair amount of life in them. That's  
> because it's relatively easy to extract the first 20% or 30% of a  
> field's capacity. After...
>
> <http://www.businessweek.com/technology/content/jan2006/ 
> tc20060130_775755.htm?campaign_id=rss_tech>
>
>
> Iraqi oil production choked for years | EnergyBulletin.net | Peak  
> Oil News Clearinghouse
>
> Iraq has vast hydrocarbon potential that could rival major  
> producers such as Saudi Arabia and Russia, but United States  
> government analysts are predicting that Iraqi oil production  
> development will remain thwarted for years to come.
> Its enormous reserves of an estimated 115-billion barrels of proven  
> crude are the world's third largest after those of the Saudi  
> Kingdom and Canada.
> As of December 2005, Iraqi net oil production was averaging a  
> modest 1,9-million barrels per day (bpd) according to the latest  
> country report on Iraq compiled by the US government's Energy  
> Information Agency (EIA).
> Despite its attractive...
>
> <http://www.energybulletin.net/12249.html>
>
>
> Things just got worse | EnergyBulletin.net | Peak Oil News  
> Clearinghouse
>
> NO, MAKE IT A LOT WORSE. Word just came out that Kuwait, long  
> regarded as home to some of the world's largest reserves of  
> petroleum, may possess only half the amount of oil reserves that it  
> officially has been stating for many years.
> According to a restricted report issued by the authoritative  
> industry newsletter Petroleum Intelligence Weekly (PIW), internal  
> Kuwaiti records reveal that the nation's oil reserves are far below  
> the officially stated amount of about 99 billion barrels. Kuwait's  
> reported 99 billion barrels, if they were really there in the  
> ground, would make up about 10...
>
> <http://www.energybulletin.net/12336.html>
>
>

phone : 02 6241 7659 | mailto:me at Tony-Barry.emu.id.au
mobile: 04 1242 0397 | http://tony-barry.emu.id.au