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[Peak Oil News] Will Oil Supplies Dry Up?: Many countries are looking north of America’s border at the 175 billion barrels of oil in Canada’s oil sands as an abundant fuel source. The oil sands, however, are difficult and expensive to extract.
[Messianic News] [revival] More OIL WARNINGS: President HugoChavez expressed his country’s "extreme interest in becoming a safe supplier of oil... MODERATOR: Some of you will have heard of the 'PeakOil' theory, which has caused growing alarm...
[Peak Oil News] Facing up to the coming energy crisis: Given the Gulf Coast hurricane devastation that threatens a US economy already on the brink, and given the US failure to secure supplies from its illegal wars (Afghanistan, Iraq), the Venezuelan supplies become all the more crucial—as does (in the eyes of the Bush administration, Wall Street, etc.) the toppling of the Hugo Chavez government. Following the Bush administration's previous botched coup, a more careful inside-out destabilization of Venezuela has been in process, in earnest, for well over one year.
[Thomko Distribution Blog - Journal] At Top Of Bell Curve?: Now, with oil having recently peaked at US$70 a barrel, a record high price even though not the highest in real terms after inflation, politicians and industry analysts are asking whether the world itself has reached a similar tipping point -- the point at which consumption starts exceeding production and prices climb inexorably upwards.
[Caps.blogspot.com] The Capital Spectator: Oil at this level can easily reach it's old high of $55 a barrel-plus with one trader tied behind its back. More generally, there's a reason why crude is up 65% since December 31, 2003, and it has nothing to do with hedge funds, the alignment of planets or UFOs.
[Mises.org] The Myth of "Peak Oil" - Mises Institute: Some producers, like Mexico and Saudi Arabia, do not sell their crude on international spot or futures markets, but instead work very closely with buyers and every month announce the prices of their different benchmark crude grades in a process called nominations. Saudi Arabia, for example, has worked very hard over the years to prevent any kind of spot trade in its crude (through contractual arrangements that prevent resale or diversion of cargoes to alternative destinations) and has historically discounted the prices of all its crude grades to US buyers with refineries on the US East and Gulf coasts, as part an informal arrangement with American governments going back a long, long way.
[Peakoil.com] Peak Oil News and Message Boards >> Peak Oil News and Message Boards: The best evidence for an oil bubble comes from the lessons of America's last six energy crises, dating back to the late 19th century, when there was a great scare about the industrial age grinding to a halt because of impending shortages of coal. (Today coal is superabundant, with about 500 years of supply.) Each one of these crises has run almost an identical course.
[Postcarbon.org] Peak Oil Timeline - Post Carbon Institute: Venezuelan President Hugo Chavez and Chinese Vice President Zeng Qinghong sign 19 agreements concerning oil, agriculture and technology, including five agreements with the President of the Chinese National Petroleum Corporation. Venezuela is the world’s fifth-largest producer of oil.
Reflected tags on Technorati: Blog, Oil, The Green Files