[Peakoil] News items on peak oil 8 Jan 2006

[Antony Barry]

Begin forwarded message:
>
> Date: 8 January 2006 6:24:44 AM
>
> Subject: DEVONagent: 5 results (news)
>
> Spero News | Oil market analysts issue dire warnings
>
> "Since oil began to be drilled in 1859, the world has consumed 900  
> billion barrels - nearly half of the planet's reserves, which means  
> we'll have oil for another 50 years at the most"
> While this year's record high oil prices are unlikely to come down  
> in the near future, analysts are warning the world's traditional  
> and emerging economic powers to curb consumption, saying that at  
> the current rate, proven reserves will only meet demand up to 2030.
> "The current model (of consumption) is suicidal," Venezuelan Energy  
> Minister Rafael Ramírez recently told journalists. "The United  
> States, for...
>
> <http://www.speroforum.com/site/article.asp? 
> idCategory=33&idsub=128&id=2351>
>
>
> The Freedom Fries Menu: U.S. Racing the Clock to Find Alternate Fuels
>
> WASHINGTON - Former CIA Director James Woolsey paints a dire  
> scenario: A terrorist attack causes a months-long, 6 million-barrel  
> reduction in Saudi Arabia's daily petroleum output, sending the  
> price of oil skyrocketing past $100 a barrel.
> Industry banker and author Matthew Simmons says the kingdom's  
> oilfields are deteriorating anyway. And a recent New York Times  
> story cited an intelligence report suggesting the Saudis lack the  
> capacity to pump as much oil as they boast they can.
> Even if nothing disrupts the projected flow of Middle East  
> petroleum, Energy Department consultants warned earlier this year  
> that "the world...
>
> <http://freedomfriesmenu.blogspot.com/2005/11/us-racing-clock-to- 
> find-alternate.html>
>
>
> Mathaba, from Africa to the World...
>
> Prescient Canadian peak oil and politics commentator Jeff Berg  
> explains the necessity of casualties in Iraq this way
> Their financial if not moral calculus becomes even more  
> understandable when you consider that even this amount is literally  
> tiny when you compare it to the economic multiplier effect that  
> having oil and gas allows to the industrialized world. The money  
> multiplier is nothing to it. Consider. By some calculations every  
> barrel of oil carries the equivalent of 23,200 man hours of work in  
> the physics sense of the term. Oil and natural gas are like air,  
> water or soil, in that...
>
> <http://mathaba.net/0_index.shtml?x=480748>
>
>
> The Anteater: News and Views
>
> Prepare for Peak Oil Now Oil is a finite resource -- and the  
> decline of world oil production is predicted to occur anytime  
> within the next 30 years. To avoid the worst-case scenario, we must  
> begin today to reduce our dependence on oil.
> House Leadership Cancels Budget Vote This afternoon, House  
> leadership cancelled a planned vote on the budget reconciliation  
> bill. Leadership was unable to muster enough votes for the flawed  
> bill, despite stripping language that would have authorized oil  
> drilling in the Arctic National Wildlife Refuge and off America’s  
> coasts. The bill could be back before the House...
>
> <http://theanteater.blogspot.com>
>
>
> World Oil Production capacity to increase up to 25% by 2015; No  
> peak seen for decades, US Congressional Committee told
>
> World Oil Production capacity to increase up to 25% by 2015; No  
> peak seen for decades, US Congressional Committee told
> Saudi Arabian oil refinery at Yanbu, on the Red Sea coast - CERA  
> estimated that oil production capacity -- including crude oil,  
> condensate, natural gas liquids, oil sands, gas-to-liquids -- could  
> rise to 108 million barrels per day in 2015, up from 87 million  
> barrels per day currently.
> “We see no evidence to suggest a peak before 2020, nor do we see a  
> transparent and technically sound analysis from another source that  
> justifies belief in an imminent peak,” CERA Senior Consultant...
>
> <http://www.finfacts.com/irelandbusinessnews/publish/ 
> printer_1000article_10004190.shtml>
>
>

phone : 02 6241 7659 | mailto:me at Tony-Barry.emu.id.au
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