Group items tagged

In 2000 a Saudi oil geologist named Sadad I. Al Husseini made a startling discovery. Husseini, then head of exploration and production for the state-owned oil company, Saudi Aramco, had long been skeptical of the oil industry's upbeat forecasts for future production. Since the mid-1990s he had been studying data from the 250 or so major oil fields that produce most of the world's oil. He looked at how much crude remained in each one and how rapidly it was being depleted, then added all the new fields that oil companies hoped to bring on line in coming decades. When he tallied the numbers, Husseini says he realized that many oil experts "were either misreading the global reserves and oil-production data or obfuscating it."

The industry report Gasoline and Oil Additive market in Colombia to 2017 - Market Size, Trends, and Forecasts offers the most up-to-date perspective on the actual market situation, trends and future outlook for gasoline and oil additives in Colombia.

WorldChanging has a brief post pointing to a symposium on urban life after oil - Re-Imagining Cities: Urban Design After the Age of Oil. A number of great journalists were covering last weekend's Re-Imagining Cities: Urban Design After the Age of Oil symposium in Philadelphia. The University of Pennsylvania School of Design and Penn Institute for Urban Research hosted this conference, which was organized with support from the Rockefeller Foundation to address the need to re-imagine and rethink how cities are designed and organized in a future without oil. Our own Alex Steffen gave a mainstage talk at the international event, which featured a number of thinkers whose work we've written about before here, like Bull Dunster, Elizabeth Kolbert, Robert Socolow, Andy Revkin, William J. Mitchell, David Orr, Neal Pierce, Bill Rees, Thomas Campanella, Harrison Fraker, and ARUP's Sir Peter Head. From brief recaps of plenaries and workshops to lengthier discussions of the theories presented (and their presenters), the pieces posted to the Next American City liveblog offer a taste of what was seen and heard at this innovative gathering of great minds.

The disconnect between peak oil concerns and the presidential race is almost total. As prices at the pump rise, each candidate is now talking about their so-called solutions to the problem. Despite clear new warning signs from Russia, Saudi Arabia, Mexico, and Nigeria that peak oil is nigh, the candidates remain unwaveringly oblivious to the true causes of rising fuel prices, preferring instead to dwell on irrelevant-actually, counterproductive-measures like suspending the federal gas tax during the summer months or taxing Big Oil. This is akin to putting a band-aid on a melanoma.

News flash: Terrorists sink an oil tanker, blocking the vital Bosporus Strait. Oil rockets to $160 a barrel and gasoline to $5 a gallon in the United States. What can keep the globe's biggest oil-guzzling economy from running dry?

Last week, Pickens stopped by The Times to discuss his push to wean the U.S. off foreign oil by dramatically ramping up development of its infrastructure for wind and natural gas. Below is a partial transcript. T. Boone Pickens: We are now importing oil that costs us $700 billion a year. That's four and a half times what the Iraq war costs. Nobody running for president even speaks about this. Yet they talk a lot about the Iraq war. When you look at it, the world oil supply is about 85 million barrels of oil a day. And demand is about 86-plus million barrels a day.

"Oil and Chemicals Storage Industry Outlook in Middle East and Africa, 2013 - Capacity Analysis, Forecasts and Details of All Operating and Planned Storage Terminals to 2017" is the essential source for industry data and information relating to the oil and chemicals storage industry in Middle East and Africa. It provides asset level information relating to active and planned oil and chemicals storage terminals in Middle East and Africa. The profiles of major companies operating in the oil and chemicals storage industry in Middle East and Africa are included in the report. The latest news and deals relating to the sector are also provided and analyzed.

Oil rig or oil tanker accidents are behind the worst offshore oil spills in history, including the tragic Deepwater Horizon disaster of 2010. Offshore-technology.com profiles the world's biggest oil spill disasters based on the volume of oil released.

In an attempt to close off a leak, BP blew of the cap that collects the oil on the riser pipe, belching 66,000 barrels yesterday, and no capture of oil was done

it is clear that soaring oil prices are undermining the benefits of debt cancellation in some countries, especially poor oil-importing nations.

The American Petroleum Institute (API), the trade organization for the oil and natural gas industry, has just begun running a feel-good commercial that argues "America's future" lies in drilling out domestic reserves of oil and natural gas off our coasts, in our western lands, and in the Arctic National Wildlife Refuge. Here's what the ad says:

The Oil and Natural Gas Corporation Ltd. (ONGC) is an integrated energy company engaged in the Exploration and Production (E&P) of crude oil and natural gas, and the refining, transportation and marketing of petroleum products, globally. The company is headquartered in Dehradun, in India, and has overseas operations in Vietnam, Russia, Myanmar, Syria, Qatar, Egypt, Cuba, Brazil, Nigeria, Columbia, Sudan, Iraq, Iran and Libya.

I KNEW OBAMA WAS LIEING...HIS LIPS WERE MOVING. JUST LAST WEEK HE TOLD THE AMERICAN PUBLIC THAT HE WAS DOING EVERYTHING HE COULD TO INCREASE OIL PRODUCTION. THAT WAS A LIE. HE TRIED TO TAKE CREDIT FOR THE PART OF THE KEYSTONE PIPELINE THAT WOULD BE FINISHED. HE TRIED TO KILL THAT TOO AND HAD NOTHING TO DO WITH ITS COMPLETITION. IT WAS STARTED BEFORE HE GOT IN OFFICE. HE ALSO TOOK CREDIT FOR INCREASED OIL PRODUCTION, HE LIES. HE HAD NOTHING TO DO WITH INCREASED OIL PRODUCTION

" Oil & Gas Sector in India 2013"provides an insight into the Oil & Gas Sector in India.

CleanTechnica has a post from San Francisco mayor Gavin Newsom on the city's proposal to build a wave power plant offshore - Wave Energy to Bring Power and Jobs to San Francisco. Today, San Francisco took a meaningful step toward turning the promise of renewable ocean energy into reality. We submitted a preliminary permit application to the federal government to develop a wave power project off our coast that we believe can generate between 10 to 30 megawatts of energy, with potential of up to 100 megawatts. When this project is fully operational, upwards of 100 jobs could be created in San Francisco. Ocean power is a true "game changer" in the area of renewable energy. When wave and tidal power technologies reach commercial scale, they are expected to be able to provide thousands of megawatts of power to our coastal communities, dramatically green our energy portfolios and create thousands of new American jobs. In San Francisco, we've been doing our part to spur these technologies by aggressively advancing tidal and wave power pilot projects. We are 100% committed to this challenge. Wave power is not a new concept. In 1887, San Francisco Mayor Adolph Sutro recognized the power of San Francisco's waves and built a wave catch-basin to harness the ocean's power. Over the next century wave power development took a backseat to our dependence on oil, with oil platforms built along our coasts to feed our oil addiction.

When oil prices fall, they lose money. Yet Canada is at the forefront of trying to get off of having an economy based on oil production.

The world's 10 biggest oil producing countries account for over 65% of the world's total oil output with Saudi Arabia, the United States and Russia - the top 3 oil producers - contributing significantly more than all seven other countries put together.Offshore-technology.com profiles the 10 biggest oil producing countries based on the latest production data.

MORE OIL IN THE WEST THAN IN ALL THE REST OF THE WORLD PUT TOGETHER. THE ANSWER TO THE DEFICIT