Dan: What do you think about the Peak Oil theory?
I actually StumbledTM across a Peak Oil web site two weeks ago. It is actually very good in detailing what kinds of things are made from petroleum. Peak Oil theory has two tenets which have some merit: first, that there is a limited amount of oil [...]
The article from Street Insider is almost too short to quote for fair use:
Furthermore, Chevron announced that it expects to spend approximately $2.5 billion from 2007 through 2009 in alternative and renewable energy technologies.
That can’t make Obama and Clinton happy. They don’t get to confiscate those “windfall profits” and plow them into their own [...]
Bloomberg reports that oil prices are climbing in the wake of a pipeline shutdown in the United Kingdom and rebels attacking another pipeline in Nigeria. OPEC is keeping production down, and Iran wants oil to climb still northward.
Meanwhile NBC can burn up energy promoting a Green Week, part of which is advertising energy-efficient products like [...]
Good news in the old neighborhood. The Missouri House is holding hearings to see if Missouri’s 10% ethanol requirement needs to be repealed, according to the St. Louis Post-Dispatch.
The study compared Missouri’s average gasoline price in 2007 to the average price of E-10. In that year, the difference was about 8 cents per gallon. The [...]
Reuters reports that one of Italy’s electricity producers is shifting its power plant from oil to coal. The move is sparking protests, even though Enel has promised to use clean coal technologies.
Enel, like many electricity companies, says it has little choice but to build coal plants to replace aging infrastructure, particularly in countries like Italy, [...]
The AP reports that the U.S. Geological Survey is estimating 4.3 billion barrels of oil can be recovered from the Bakken shale formation in North Dakota and Montana.
For once, HAL doesn’t have to move a camp. We have a site right in the thick of it, in Williston, ND. Could Williston become the [...]
HT: Hot Air
The Times Online of the UK reports:
A UN official who held a pivotal post in the Oil-for-Food programme for Iraq has been exposed by a defector as a Russian spy who diverted almost half a billion dollars to top Russian officials in “one of the richest heists in world history”.
Read the whole [...]
When OPEC decided not to boost production despite record high oil prices, it signaled the dollar’s loss of dominance in international trade.
Steve Mufson, writing for the Washington Post, notes that while oil prices have been climbing in euros, Canadian dollars, and yen, only the dollar is showing record highs.
Crude oil is priced in dollars. [...]
