Peak Oil Information And Message Boards

Butadiene EquipmentAn investigation of oil trading by the U.S. Commodity Futures Trading Commission will doubtless goal evidence that traders intended to manipulate markets quite than simply schemed to earn money, former officials of the agency stated.

Bloomberg.com

The coming Energy Wars

Oil prices may hit $200 a barrel in the subsequent few months. How the spike modifications everything. This spring, America hit a historic level. With average fuel prices per gallon edging toward $4, America’s notoriously profligate ways started to vary fast. Individuals are driving less, utilizing mass transit more, buying fewer gas guzzlers, certainly procuring […]

Australia: Peak oil protest in the city

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

Group leaders instructed of must plan for diminishing oil supplies, larger price

Revered urban planner Tim Moerman says the talk over peak oil is finished and now it’s time to confront the problem it presents to the long run. The speculation that world oil production would someday reach a peak and begin to diminish afterward has been around since M. King Hubbert first floated it in 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 mentioned did not cause any harm, in keeping with an Web statement. Three blasts have been heard on Friday at the refinery within the southern port metropolis of Aden, officials mentioned. “Al Qaeda Organisation in […]

Crude Oil: On Path and Equity Correlation

My eyes have been on crude, and I’m genuinely confounded on where it goes. I’ve been burned too many times attempting to brief crude lately, thinking for a while that this was a hypothesis pushed ascent – however the last two EIA experiences show help for this latest transfer. This is an example of price […]

UK oil profits are largely an illusion

In theory, it can be all too straightforward for the Chancellor to postpone the 2p increase in fuel responsibility. This 12 months, the Institute for Fiscal Research revealed, the Treasury will obtain a windfall of about In his Finances in March, the Chancellor’s estimates for revenues from the North Sea were based on the consensus view […]

Russia to increase oil output after tax cuts – Putin

PARIS (Reuters) – Russia, the world’s second-largest oil exporter, will raise its oil output in the following few years as new tax cuts will permit oil corporations to take a position extra in exploration and production, Prime Minister Vladimir Putin stated. Russia imposed heavy taxes on the oil industry, stashing away the proceeds in two oil wealth […]

Getting Oil From A Stone

Exxon Mobil’s CEO says his energy company’s “corporate social responsibilityis to supply more vitality. While Congress desires to tax oil income, he needs to spend them to find extra oil. What an idea. Whereas some companies like British Petroleum run endless adverts touting their capitulation to the global warming religion by saying they are […]

Europe balks at $8 a gallon fuel

London – Trucks blocking a foremost London freeway, fishermen blockading French ports, Dutch drivers petitioning parliament, Spanish and Italian fishermen voting to strike

Norfolk Southern: Within the period of file oil costs, the railroads are roaring

Readers of this house know that one among the preferred sectors is the railroad sector. The as soon as close to-rust-belt degree sector has experienced a revival firstly of the globalization age, and compelling financial tendencies doc 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 Economy vs the Electron Economic system

This week’s installment of the podcast is a dialog that I had with Ulf Bossel, organizer of the Lucerne Fuel Cell Forum, one of the largest scientific fuel cell conferences going. This convention used to flip every year between a give attention to low temperature PEM fuel cells and a deal with high temperature strong oxide […]

UK: Oil supply strike may hit refinery

SOUTH Tyneside’s major oil refinery could possibly be hit after supply drivers voted to take strike action. Drivers contracted to oil agency Shell have voted by an overwhelming majority to take strike action in a dispute over pay. Greater than 500 drivers throughout Britain

Standoff grows over Russia-BP enterprise

MOSCOW: BP, the massive British oil company, rejected demands from a bunch of Russian billionaires to fireplace the top of their lucrative TNK-BP natural fuel joint venture in Russia, it said Friday, deepening a confrontation between shareholders as Russia’s largest state-controlled oil corporations seek a stake in the venture. Tensions between Russian and international shareholders […]

Mounting Costs Gradual the Push for Clean Coal

WASHINGTON Nevertheless it has develop into clear in recent months that the nation

Iranian fuel supplies to Turkey resume after pipeline blast

TEHRAN (AFP) – Iran mentioned on Saturday it has resumed supplying pure gasoline to Turkey five days after an explosion broken a pipeline between the two countries, state media reported. “After Turkey introduced it has finished repairing the pipeline, the export of 15 to 20 million cubic metres (525 to seven-hundred cubic feet) of gasoline […]

For all the anger around the world, the era of low-cost gasoline has ended

Gordon Brown this week described the present economic crisis because the third nice “oil shockof current a long time. Actually, there are vital variations between the current scenario and the vitality shocks of the 1970s. The reason for the excessive price of oil in that sad period was Center Japanese producers chopping back supply for […]

The crude facts of oil

Day by day, at a rate of 160,000 litres a second, crude oil gushes from the great Earth. That’s thirteen billion litres every 24 hours, value about $US11.3 billion ($A11.8 billion) at today’s report prices. By any measure, the worldwide oil financial system is an eye-popping phenomenon. In a single day world oil revenue now matches the […]

Inflation and oil prices scorching for the foreseeable future: Alan Greenspan

Oil prices and general worth 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 an extended-time period uptrend,the previous central banker instructed 1,900 individuals who attended a lunch-time speech in Montreal. Greenspan stated oil prices are rising partly based on […]

Do We’d like an Energy ”Manhattan Project

Can Large Government really remedy the energy crisis? It would be good to imagine that. While America has a a lot-deserved reputation as the land of free-market-loving entrepreneurs, that doesn’t imply Uncle Sam can’t often take the lead and obtain some fairly impressive outcomes. Two that quickly come to thoughts are the Manhattan Undertaking ($20 billion […]

Suppose fuel costs are high? Try $11 in Turkey

PARIS – People are shell-shocked at $four-a-gallon fuel. But consider France, where a gallon of petrol runs practically $10. Or Turkey, the place it’s more than $eleven. Drivers around the world are being pummeled by the effects of document gas prices. And now some are hitting again, staging strikes and protests from Europe to Indonesia to […]

Virgina Governor Permits ”Half-Pricingon Gasoline Pumps

Look carefully at the signs on the pump. You could also be getting solely a half-gallon of fuel. That’s as a result of some older fuel pumps throughout the nation had been constructed at a time when few people imagined $4-a-gallon gas. These pumps can only post a value as high as $three.Ninety nine. At the moment, Gov. Timothy M. Kaine issued an […]

Paul Van Eeden about financial policy of the FED on CNBC

CNBC invited Paul Van Eeden to defend his argument that oil is buying and selling above US$130 a barrel due to the Fed’s monetary coverage. Van Eeden argues that in adjusted terms the worth of oil has gone from $three a barrel to $13. YouTube

Shocked! How the oil disaster has hit the world

British pensioners who can’t afford to heat their houses. European hauliers and fishermen whose livelihoods are below menace. Palestinians forced to fill up their automobiles with olive oil. Individuals requested to go down to a four-day week. All world wide, in a mess of ways, the soaring value of oil is hurting rich and […]

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

Two of the world’s largest energy exchanges have compelled traders to deposit significantly more money when investing to curb volatility in energy markets and drive out speculators. The exchanges and associated clearing houses have found themselves at the centre of the growing storm over claims that speculators have been behind the recent rise in oil […]

Europe ponies up for fuel cell, hydrogen automobiles

Challenge with industry aims to deliver them to market by 2020 BRUSSELS, Belgium – European governments agreed Friday to spend $731 million creating gasoline cells and hydrogen know-how for automobiles that might slash oil consumption and carbon dioxide emissions inside decades. Automotive and power firms equivalent to Daimler AG and Royal Dutch Shell PLC are […]

Speculation however Not Manipulation

Hypothesis. Manipulation. As politicians, business leaders, and bizarre shoppers try to know the causes and effects of the historic surge in oil costs, consideration turns to dark notions of exploitative financial maneuvering. Are savvy traders cashing in and even cornering some portion of the market and thereby contributing to the painful runup that’s […]

Diesel’s Unintended Spillover

Want to know why oil is hovering round $130 a barrel? An enormous but ignored issue is the tight market for diesel fuel, now averaging $four.72 a gallon at pumps within the U.S. Diesel is in strong demand partly as a result of China is using extra to run factories and generate energy. Most recently, the Sichuan earthquake […]

States grapple with gas prices for college buses

RALEIGH, N.C. – The reality of rising gas costs students in a Tennessee school district their bus journey to highschool this week on the last day of the year. That’s a minor inconvenience in contrast with what would possibly happen this fall in Minnesota, where a district west of Minneapolis plans to remove lessons each Monday to […]

As Oil Prices Soar, Restaurant Grease Thefts Rise

The bandit pulled his truck to the again of a Burger King in Northern California one afternoon last month armed with a hose and a tank. After rummaging around assorted restaurant rubbish, he dunked a tube into a smelly storage bin and, the police stated, vacuumed out about 300 gallons of grease.

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