Catastrophic shortfalls threaten economic recovery, says world’s top energy economist By Steve Connor, Science Editor The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned. Higher oil prices […]
The Ganges River Dolphin faces a high risk of extinction in India’s Brahmaputra river system unless critical habitat is protected, report conservationists. Once abundant in the Ganges and Brahmaputra river systems in India and Bangladesh, the population of the Ganges River Dolphins has fallen sharply over the past century due to accidental bycatch by fishermen, […]
July 16 (Reuters) – Following is a list of some of the oil and gas projects and oil refinery expansion plans that have been delayed or cancelled so far in 2009. The global financial crisis, falling oil demand, a slide in prices and poor general market conditions have prompted many in the industry to scale […]
Oil consumption in the US decreased by 480,000 b/d from March to April to a level of 18.26 million b/d. Average consumption of oil in the US in 2009 up to April was 18.69 million b/d, versus 19.50 and 20.70 million b/d in respectively 2008 and 2007. … Oilwatch Monthly – July 2009 Technorati Tags: […]
From The Oil Drum: By David Murphy Cutler Cleveland of Boston University has reported that the EROI of oil and gas extraction in the U.S. has decreased from 100:1 in the 1930’s to 30:1 in the 1970’s to roughly 11:1 as of 2000 (Figure 1). But beyond the fact that society receives currently around 11 […]
By Marco Aquino TARAPOTO, Peru June 6 (Reuters) – Hundreds of indigenous protesters were holding 38 police hostage early on Saturday in Peru’s Amazon jungle after fights between tribes and police killed up to 33 people in the worst violence of President Alan Garcia’s government. Demonstrators also were threatening to set fire to an oil […]
At least 30 are dead following a clash between police and Indians protesting oil development in Peru’s Amazon region. The Associated Press (AP) and other sources are reporting the violence broke out when authorities attempted to penetrate a road blockade by some 5,000 Indians in the northern province of Utcubamba. “Protest leaders said police opened […]
By Mark Hume With growing evidence that pollutants are causing fish deformities in the Athabasca River and one native village struggling to understand its elevated cancer rates, 33 communities in the Northwest Territories have called for a moratorium on oil sands developments because of fears about water quality. At a conference in Inuvik, the NWT […]
“We will only recognize Peak Oil in the rear-view mirror.” — So They say The May 2009 edition of Oilwatch Monthly can be downloaded at this weblink (PDF, 2.0 MB, 28 pp). … 1) Conventional crude production – Latest available figures from the Energy Information Administration (EIA) show that crude oil production including lease condensates […]
From The Oil Drum: World oil production peaked in 2008 at 81.73 million barrels/day (mbd) shown in the chart below. This oil definition includes crude oil, lease condensate, oil sands and natural gas plant liquids. If natural gas plant liquids are excluded, then the production peak remains in 2008 but at 73.79 mbd. However, if […]
