[Peakoil] News items on peak oil 9 Feb 2006

[Antony Barry]

Begin forwarded message:

> Date: 9 February 2006 5:04:14 AM
> Subject: DEVONagent: 3 results (news)
>
> AlterNet: 2006: The Year of Oil Collapse?
>
> Editor's note: This is one of three perspectives AlterNet has  
> assembled on the prospect of peak oil and its implications for  
> modern society and the global economy. The other two are from World  
> Watch: Christopher Flavin writes that while we can't know exactly  
> when oil production will start declining, we must focus on  
> alternatives to petroleum now; and Robert K. Kaufman describes the  
> role the market and government should play in helping to make the  
> transition from a petroleum-dependent society.
> The suburban housing bubble and its related activities were  
> predicated on the idea that we could continue...
>
> <http://www.alternet.org/story/30640/? 
> comments=view&cID=74280&pID=73501>
>
>
> 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>
>
>
> Saudi Arabia to expand upstream and downstream oil capacity; Oil  
> price falls below $63
>
> Saudi Arabia to expand upstream and downstream oil capacity; Oil  
> price falls below $63
> The Saudi Arabian oil minister Ali Ibrahim Al-Naimi said at an  
> energy conference today in Houston, Texas, that rising oil prices  
> were not sustainable long-term, but that prices must be between $45  
> and $50 a barrel for producers to meet global demand, which he  
> estimated would grow by 1.4 million barrels per day over the next  
> year.
> Saudi Arabian oil refinery at Yanbu, on the Red Sea coast - Oil  
> prices will continue to rise until world economic growth slows, due  
> to supply constraints at...
>
> <http://www.finfacts.com/irelandbusinessnews/publish/ 
> article_100047805.shtml>
>
>

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