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The Wire

Hurricanes Destroyed 113 Petro Platforms

Hurricanes Katrina and Rita destroyed 113 petroleum production platforms in the Gulf of Mexico, a federal agency overseeing offshore drilling said Monday.

Occidental Petroleum 1Q Profit Hits $1.23B

High oil and gas prices helped raise Occidental Petroleum Corp.'s first-quarter profit 45 percent, exceeding Wall Street expectations, the company said Tuesday.

Ecuador Seeks Bigger Share of Oil Revenues

Ecuador is prepared to do business with other foreign oil companies if petroleum firms balk at its efforts to renegotiate existing contracts to provide the country with a greater share of windfall revenues, the energy minister said Wednesday.

The Wire

Pentagon Wants Jet Fuel Substitute

Source: DefenseTech.org

From the article: The Defense Department buys more jet fuel than any other organization in the world. So the Pentagon's higher-ups are just as sick as the rest of us -- more so -- about sky-high fuel prices.

Big Time Biodiesel production potential

Source: blog.myarchive.us

Earlier this month Chevron invested in Galveston Bay Biodiesel and at a press event yesterday publicized their intentions and capacity by the end of the year.

Fuel Pump Prices ease over holiday weekend

Source: blog.myarchive.us

A quick review of fuel prices after the Memorial Day holiday weekend sees prices a bit lower across the country. The lowest prices are in the Gulf Coast states and highest in California.

Ahmadinejad's Poker Hand

The IAEA reported finding more highly-enriched uranium in Iran, this time at an Iranian defence facility. This is not the first time the IAEA has found traces of HEU where it should not have been in Iran.

Chavez forced to buy Russian oil after ruining Venezuela production

Source: Financial Times / Mosnews

Venezuela, the world’s fifth-largest oil exporter, has struck a $2 billion deal to buy about 100,000 barrels a day of crude oil from Russia until the end of the year, the British Financial Times reported on Friday, April 28.

With multiuses in mind, BLM knocks at the backdoor to Grand Canyon

Source: boston.com

"The 3 million acres of federal land in the Arizona Strip have their remote geography to thank for preserving their spectacular red sandstone escarpments, slot canyons, rock art, and ruins of ancient pueblos.

Does the USA have 1.6 trillion barrels of oil?

Source: blog.myarchive.us

With oil hovering around $70 a barrel many investors, oil companies and those concerned with the health of the US (and world) economy, a look where the next barrel of oil is coming from makes sense. Here an interesting post that sheds light on non-traditional oil reserves ...

RAND study reveals huge U.S. oil-shale field as high as 1.1 trillion barrels

Source: seattletimes.nwsource.com

The entire feasibility of such an operation hinges on recovery costs versus the oil spot price. At north of USD 70 per barrell, shale oil makes perfect sense.

Ethanol: A Tragedy in 3 Acts

Source: businessweek.com

Amid the current panic about gas prices many people are embracing ethanol. But that's not such a good idea

The facts about Peak Oil

Source: Reason

Predictions of imminent catastrophic depletion are almost as old as the oil industry.

Part 2: Fuel Prices

Source: blog.myarchive.us

Another looks at the run up in fuel prices that include opinions on the Bill O'Reilly and Mac Johnson conversation. Fear, Greed, Market Factors, Personal Choice ... or some combination. What's the real reason for the high price at the pump.

Bush on Strategic Oil Reserve

Then: September 21, 2000 The Strategic Reserve is an insurance policy meant for a sudden disruption of our energy supply or for war. Strategic Reserve should not be used as an attempt to drive down oil prices right before an election.

EIA estimates Summer Fuel prices

Source: blog.myarchive.us

The Energy Information Administration released estimates for summer fuel prices this morning and its not good if you are a summer driver. Gasoline to average $2.62 and same for diesel.

Gerhard's big payoff

Source: BBC

German opposition politicians have called on former chancellor Schroeder to sever links with Gazprom, claiming his involvement is a conflict of interest. Before Mr Schroeder left office, his government agreed to underwrite a 1bn euros ($1.2bn; £698m) loan to Gazprom...

Biodiesel, SVO and WVO

Source: blog.myarchive.us

A friend of mine spotted this switch on one of the forums he visits, and I thought was worth a post.

ICE Futures Volume Up 25% After Move to All-E

Source: news.ft.com

ICE Futures, formerly the International Petroleum Exchange, says it has increased its share of the global energy futures market to about 40 per cent since it moved to full electronic trading last April. Cause and effect or mere correlation?

Citgo = Petróleos de Venezuela, S.A.

Source: blog.myarchive.us

It is interesting to realize that Citgo (PDV America, Inc) is a wholly owned subsidiary of Petróleos de Venezuela, S.A., the national oil company of the Bolivarian Republic of Venezuela ... the same country run by Hugo Chavez who states “Down with the U.S.

Michael Crichton wins "Journalism" prize for State of Fear

Source: nytimes.com

'The American Association of Petroleum Geologists...

President is Literally Hypothetical About Energy Solutions Aides Say

Kevin G. Hall of Knight Ridder (and others) reports that cabinet members were scurrying on Wednesday to retract statements made by the president during the mostly milquetoast 2006 State of the Union address.

Energia Solar

Situada no deserto da Austrália, esta usina de energia solar será a mais alta construção do mundo e também a mais ambiciosa obra para gerar eletricidade a partir de uma fonte não poluente.

Fossil Fuels Made without Fossils

Source: betterhumans.com

Fossil fuel may not require fossils, as the pressure of deep Earth has been found capable of creating hydrocarbons from inorganic matter.

Kuwait oil reserves only half official estimate

Source: today.reuters.com

OPEC producer Kuwait's oil reserves are only half those officially stated, according to internal Kuwaiti records seen by industry newsletter Petroleum Intelligence Weekly (PIW).