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27/8/05
KATRINA cuts oil output by a third
MSN Money – USA
HOUSTON (Reuters) – US energy companies said US Gulf of Mexico crude oil
output was cut by more than one-third on Saturday as Hurricane Katrina
appeared poised …
moneycentral.msn.com/inc/news/providerre
dir.asp?feed=OBR&Date=20050827&ID=5068066
ECUADOR oil protesters threaten to resume attacks
Reuters AlertNet – London,England,UK
QUITO, Ecuador, Aug 27 (Reuters) – Protesters who crippled Ecuador’s vital
oil industry earlier this month threatened on Saturday to resume their
attacks …
www.alertnet.org/thenews/newsdesk/N27140076.htm
SHAREWATCH: Onslow oil in •7m fundraising
The Sunday Times – UK
… London. Onslow Limited, an oil and gas exploration company set up in
2004, is raising £5m (•7.3m) in two private fundraisings. …
www.timesonline.co.uk/article/0,,2095-1753190,00.html
RBI concern over global oil price rise
The Statesman – Kolkata,India
27. — The Reserve Bank of India today projected a moderate inflation of
five per cent in this fiscal year and said the soaring global crude oil
prices posed …
www.thestatesman.net/page.news.php?clid=12&theme=&usrsess=1&id=87956
OIL Market Affected By Storm
All Headline News – USA
Miami, Florida (AHN) – Hurricane Katrina, who just made waves off the coast
of Florida, is now also making waves on the oil market as well. …
www.allheadlinenews.com/articles/2250382866
moneycentral.msn.com/inc/news/providerredir
.asp?feed=OBR&Date=20050827&ID=5068051
Hurricane Katrina aims for US Gulf oil patch
MSN Money – USA
HOUSTON (Reuters) – Crude oil and natural gas producers in the US Gulf of Mexico accelerated evacuations and output stoppages on Saturday after forecasters …
www.dailytimes.com.pk/default.asp?page=story_27-8-2005_pg7_43
Explosion at oil well in Kirkuk
Daily Times – Lahore,Pakistan
BAGHDAD: Insurgents sabotaged an exporting oil well in Iraq on Friday, stepping up pressure on the US-backed government struggling to steer Iraq through a …
www.newindpress.com/NewsItems.asp?ID=IEB20050
827084419&Page=B&Title=Business&Topic=0
China’s global search for oil reserves
Newindpress – Chennai,India
With millions of Chinese discarding their bicycles and climbing into cars, crude oil consumption, currently at 6.68 million barrels per day (bpd), is estimated …
www.philstar.com/philstar/News200508280404.htm
China firm to explore for oil in Spratlys
Philippine Star – Manila,Philippines
A Chinese firm has won a joint contract from the state oil companies of the Philippines, Vietnam and China to search for oil in a disputed area of the South …
news.scotsman.com/latest.cfm?id=1853662005
Blast targets Iraq oil pipeline
Scotsman – United Kingdom
A bomb exploded beneath an oil pipeline that supplies Baghdad’s Dora oil refinery with crude from stores south of the capital. The …
www.financialexpress.com/latest_full_story.php?content_id=100639
Asian oil firms move into Nigerian exploration
Financial Express – Bombay,India
ABUJA, AUGUST, 27: Oil companies from Asia outbid Western rivals for oil exploration contracts in the highly prospective Gulf of Guinea in Nigeria’s first …
www.philstar.com/philstar/News200508280403.htm
GMA to seek Saudi help on RP oil supply
Philippine Star – Manila,Philippines
President Arroyo will seek Saudi Arabia’s commitment to continue supplying oil to the Philippines at a “special” price when she visits the world’s largest …
www.thehindubusinessline.com/businessline/blnus/14271507.htm
Soaring global oil prices pose risk to inflation: RBI
Hindu Business Line – India
… Reserve Bank of India (RBI) on Saturday projected a moderate inflation of five per cent in this fiscal year and said the soaring global crude oil prices posed …
www.macon.com/mld/macon/news/local/states/
georgia/counties/houston_peach/12489962.htm
Iraq, oil, political stalemate on mind of Ga. congressman
Macon Telegraph – Macon,GA,USA
… Jim Marshall left no doubt Friday where he stands on a broad range of issues, including the war in Iraq, the rising price of oil and a Washington, DC …
26/8/05
OIL: Price holds above US$67 as hurricane hits US
New Zealand Herald – New Zealand
Oil eased from record-highs but kept above US$67 a barrel on Friday due
to fears of disruptions to US supplies, with oil and gas workers in the
Gulf of Mexico …
www.nzherald.co.nz/index.cfm?c_id=3&ObjectID=10342706
EXPLOSION at oil well in Kirkuk
Daily Times – Lahore,Pakistan
BAGHDAD: Insurgents sabotaged an exporting oil well in Iraq on Friday,
stepping up pressure on the US-backed government struggling to steer Iraq
through a …
www.dailytimes.com.pk/default.asp?page=story_27-8-2005_pg7_43
CHAVEZ responds to harsh words, offers oil
World Peace Herald – Washington,DC,USA
WASHINGTON — Venezuelan President Hugo Chavez offered cheap oil to poor
US communities following calls by US televangelist Pat Robertson for his
assassination …
www.wpherald.com/storyview.php?StoryID=20050826-033739-6463r
ENERGY stocks take TSX lower, NY off on high oil, Greenspan …
CBC News – Canada
TORONTO (CP) – The Toronto stock market closed lower Friday as the energy
sector retreated along with a drop in oil prices and the financial sector
gave up …
www.cbc.ca/cp/business/050826/b0826114.html
INDONESIA Rupiah, Asian Currencies Drop on Record Oil Prices
Bloomberg – USA
27 (Bloomberg) — Indonesia’s rupiah had its biggest weekly decline in
three years as record high oil prices threatened the nation’s budget-cutting
plans and …
www.bloomberg.com/apps/news?pid=10000080&sid=apR_EYCpBqzw&refer=asia
in.today.reuters.com/news/newsArticle.aspx?type=businessNews&storyID=
2005-08-26T230127Z_01_NOOTR_RTRJONC_0_India-214079-1.xml
Oil companies evacuate Gulf platforms due to storm
Reuters India – Mumbai,India
NEW YORK (Reuters) – Oil companies on Friday evacuated some workers from platforms as Hurricane Katrina entered the Gulf of Mexico, with one company shutting a …
www.business-standard.com/common/storypage.php?storyflag=y
&
leftnm=lmnu2&leftindx=2&lselect=1&chklogin=N&autono=198523
New panel to revisit oil PSU mergers
Business Standard – India
Petroleum Minister Mani Shankar Aiyar now plans to set up another panel to advise on integrating the operations of public sector oil companies. …
www.businessweek.com/ap/financialnews/D8C7LSE
G0.htm?campaign_id=apn_tech_down&chan=tc
Stocks sag on high oil prices, Greenspan
BusinessWeek – USA
26 2:23 PM ET Stocks retreated Friday as soaring oil prices dragged down the nation’s consumer confidence and Federal Reserve Chairman Alan Greenspan warned …
www.theglobeandmail.com/servlet/ArticleNews/TPStory/
LAC/20050826/RPETROKAZ26/TPBusiness/International
Indian oil firm to continue quest for PetroKaz
Globe and Mail – Canada
By DAVE EBNER. CALGARY — India’s state oil company is working on a counterbid for PetroKazakhstan Inc. … Delhi-based Oil and Natural Gas Corp. Ltd. …
today.reuters.co.uk/Investing/MarketReportArticle.aspx?type=eurMktRpt&storyID=
URI:urn:newsml:reuters.com:20050826:MTFH26020_2005-08-26_16-02-27_L26657516:1
European stocks slip to 1-month low on oil worries
Reuters.uk – UK
… ended the week with a five-day losing streak as a bigger-than-expected drop in US consumer sentiment highlighted the impact of record-high oil prices, with …
www.stuff.co.nz/stuff/0,2106,3390946a12,00.html
Poor Africans hit hard by rising world oil prices
Stuff.co.nz – Wellington,New Zealand
NAIROBI: Africans are struggling to cope with stubbornly high global oil prices which are forcing many to walk long distances to work or schools, go hungry as …
www.thestandard.com.hk/stdn/std/Business/GH27Ae12.html
CNPC signs Venezuela oil accord
The Standard – Hong Kong
China National Petroleum Corp, parent of PetroChina, the country’s largest oil company, has signed a preliminary accord to form a joint venture with Petroleos …
moneycentral.msn.com/inc/news/providerred
ir.asp?feed=FT&Date=20050826&ID=5067457
Data and oil add up to losing week on Wall St
MSN Money – USA
Wall?Street?succumbed to the combination of worse-than-expected economic data and high oil prices this week.Data on existing housing sales and orders for …
www.marketwatch.com/news/story.asp?guid=%7B97B7A3CF-
185F-4A45-BF1F-057351210799%7D&siteid=google
Energy Stocks Oil stocks trade flat Friday
MarketWatch – USA
NEW YORK (MarketWatch) – Oil and gas stocks traded flat Friday morning with a small decline in crude and gains in natural gas failing to provide direction. …
TORONTO stocks end lower as energy shares retreat
Reuters Canada – Toronto,Canada
TORONTO (Reuters) – Toronto finished lower on Friday as a drop in oil prices
rattled energy shares, offsetting an upbeat quarterly report from Royal
Bank of …
ca.today.reuters.com/news/newsArticle.aspx?type=businessNews&storyID=
2005-08-26T224429Z_01_ROB575244_RTRIDST_0_BUSINESS-MARKETS
-CANADA-STOCKS-C-COL.XML
US economic flexibility helps weather soaring energy prices …
Xinhua – China
26 (Xinhuanet) — The US economy has withstood well the sharp rise in energy
costs over the past two years because of its flexibility, US Federal Reserve
(Fed …
news.xinhuanet.com/english/2005-08/27/content_3409481.htm
HIGHER energy prices push up July inflation rate to two per cent
Canada.com – Canada
OTTAWA (CP) – Higher energy prices helped drive up the annual inflation
rate to two per cent in July, Statistics Canada said Friday. …
www.canada.com/businesscentre/story.html?id=50fe3634-3bab-4f23-ac35-d7ddb0132459
UPI Energy Watch
Monsters and Critics.com – Glasgow,UK
… is reacting to the tropical storm in the Gulf of Mexico which could
affect platforms and refineries,” Victor Shum, a partner with US energy
consultancy Purvin …
news.monstersandcritics.com/business/article_1044033.php/UPI_Energy_Watch
EDITORIAL: Oil’s peak/The end may be nearer, it seems
Minneapolis Star Tribune (subscription) – MN,USA
… This “peak oil” theory is neither new — some geologists think the
world has already passed the high point of recoverable reserves — nor
universally accepted. …
www.startribune.com/stories/1519/5581626.html
GOUGING in the Name of Peak Oil
PESN – Eagle Mountain,Utah,USA
… It seems to me that the main reason for this disconnect has to do with
the buzz about Peak Oil, which purports that there will come a time when
the oil being …
pesn.com/2005/08/26/9600155_Oil_Gouging/
25/8/05
PEAK Oil Crisis: Eco-Driving
Falls Church News Press – Falls Church,VA,USA
… Cutting this consumption back by 15 or even 20 percent could go along
ways towards getting us through the first, difficult years after peak
oil arrives.
www.fcnp.com/525/peakoil.htm
OIL prices fall back to $67.13 a barrel
Miami Herald – FL,USA
SINGAPORE – Oil prices slipped on Friday, a day after its record-setting
session, as Hurricane Katrina made landfall on Florida’s coast and spared
refineries …
www.miami.com/mld/miamiherald/business/national/12479246.htm
INDIA, China plans for oil sector cooperation at early stage …
Forbes – USA
… are still at an early stage and any future cooperation does not exclude
competition, said Talmiz Ahmad, the head of the Indian oil ministry’s
international …
www.forbes.com/home/feeds/afx/2005/08/25/afx2192852.html
CHáVEZ taunts US with oil offer
Mail & Guardian Online – Johannesburg,South Africa
… States,” he said. Robertson’s remarks have threatened to inflame tension
between the US and one of its main oil suppliers. On Wednesday …
www.mg.co.za/articlePage.aspx?articleid=248999&area=/breaking_news/breaking_news__international_news/
CHINA driving oil sky-high
Scotsman – United Kingdom
CRUDE oil prices have increased nearly 60 per cent since the start of the
year, as the cost of a barrel of oil yesterday hit $68. …
business.scotsman.com/index.cfm?id=1843562005
UPDATE 1-Tropical Storm Katrina seen missing Gulf oil rigs
Reuters – USA
NEW YORK, Aug 25 (Reuters) – Tropical Storm Katrina, now forecast to miss
the US oil and natural gas rigs in the Gulf of Mexico, is slowly getting
better …
today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=
2005-08-25T122523Z_01_N25673692_RTRIDST_0_WEATHER-
KATRINA-POSITION-UPDATE-1.XML
www.forbes.com/work/feeds/ap/2005/08/25/ap2192517.html
Update 17: Oil Prices Creep Higher, Test $68 Mark
Forbes – USA
Oil prices crept higher to settle at a new high Thursday, taking their cue from a rally in gasoline futures. But analysts said the …
business.scotsman.com/index.cfm?id=1840532005
Chinese oil giant vows to pump up purchases
Scotsman – United Kingdom
ASIA’s top oil producer PetroChina reiterated its vow to scour the world for new energy assets as China’s output falls well short of surging demand. …
www.guardian.co.uk/venezuela/story/0,12716,1555970,00.html
Chávez taunts US with oil offer
Guardian Unlimited – UK
… he said. Mr Robertson’s remarks have threatened to inflame tension between the US and one of its main oil suppliers. Yesterday the …
www.stuff.co.nz/stuff/0,2106,3389347a6026,00.html
IMF says Asia growth remarkable, sees risks from oil
Stuff.co.nz – Wellington,New Zealand
SINGAPORE: Asia’s economic growth is remarkable and will stay on track for this year and 2006, but serious risks remain due to high oil prices, the …
today.reuters.com/business/newsarticle.aspx?type=tnBusinessNews&storyID=nN25669545
Tropical Storm Katrina seen missing Gulf oil rigs
Reuters – USA
NEW YORK, Aug 25 (Reuters) – Tropical Storm Katrina, now forecast to miss the US oil and natural gas rigs in the Gulf of Mexico, passed south of Grand Bahama …
www.cbc.ca/cp/business/050825/b082564.html
Stock markets up as financials boost TSX, crude oil slips from …
CBC News – Canada
New York indexes held onto small gains even as oil prices held steady at well over $67 US a barrel after hitting a fresh intraday record high. …
today.reuters.co.uk/Investing/MarketReportArticle.aspx?type=usMktRpt&storyID=
URI:urn:newsml:reuters.com:20050825:MTFH06557_2005-08-25_18-08-47_N25161179:1
US stocks edge up as deals offset downgrades, oil
Reuters.uk – UK
NEW YORK, Aug 25 (Reuters) – US stocks rose slightly on Thursday as acquisition deals helped offset the impact of high oil prices, credit downgrades of …
moneycentral.msn.com/inc/news/providerredir.asp?feed=OBR&Date=20050825&ID=5065310
Stocks up as deals, oil offset downgrades
MSN Money – USA
NEW YORK (Reuters) – US stocks rose slightly on Thursday as acquisition deals helped offset the impact of high oil prices, credit downgrades of automakers and …
moneycentral.msn.com/inc/news/providerredir.a
sp?feed=FT&Date=20050825&ID=5065239
Easing oil gives Wall Street some respite
MSN Money – USA
Wall Street breathed a sigh of relief on Thursday as a dip in oil prices triggered a gentle rally for equities, with retailers leading the pack.Not for the …
www.stuff.co.nz/stuff/0,2106,3389424a6026,00.html
Japan’s trade surplus shrinks as oil prices surge
Stuff.co.nz – Wellington,New Zealand
TOKYO: Japan’s trade surplus narrowed from a year earlier in July for a fourth straight month as oil prices surged, but the decline was smaller than expected …
ENERGY Prices Hit Americans on All Fronts
New York Times – United States
Instead of the short spike in energy prices that most expected, it now
appears that a variety of high energy bills – for heating oil, propane,
natural gas and …
www.nytimes.com/2005/08/26/business/26energy.html
SCIENTISTS try to harness wave energy
San Jose Mercury News – United States
GARDINER, Ore. – As the price of a barrel of oil continues to surge, scientists
are turning to the ocean as a possible source of alternative energy. …
www.mercurynews.com/mld/mercurynews/living/health/12477578.htm
SENATE rejects Schwarzenegger’s energy plan
San Jose Mercury News – United States
Arnold Schwarzenegger’s plan to reorganize California’s energy agencies.
… “Nobody here is disputing that we need a comprehensive energy policy,”
said Sen. …
www.mercurynews.com/mld/mercurynews/news/breaking_news/12477216.htm
CANADIAN Financial Shares Rise on Earnings; Energy Shares Drop
Bloomberg – USA
Leaving the market little changed, energy stocks such as Suncor Energy
Inc. fell after oil prices retreated from a record $68 a barrel. … Husky
Energy Inc. …
www.bloomberg.com/apps/news?pid=10000082&sid=aqBLsXNm3MEQ&refer=canada
24/8/05
PEAK Oil and the breaking point
Resource Investor – Herndon,VA,USA
By Jon Nones. It seems mainstream press is finally starting to pick up
on the Peak Oil debate. Peter Maass wrote an article for the …
www.resourceinvestor.com/pebble.asp?relid=12312
ARROYO reiterates call for efficient energy use
ABS CBN News – Philippines
Facing a looming fuel crisis due to high oil prices in the world market,
President Arroyo Thursday reiterated calls for energy conservation and
introduced her …
www.abs-cbnnews.com/topofthehour.aspx?StoryId=14308
INDONESIA, S. Africa plan energy cooperation
Xinhua – China
25 (Xinhuanet) — Developing alternative sources of energy will be one
of the key areas of cooperation between South Africa and Indonesia following
the signing …
news.xinhuanet.com/english/2005-08/25/content_3401056.htm
STOCK markets rise as energy, financials boost TSX, NY higher on …
CBC News – Canada
… CP) – The Toronto stock market moved up Thursday afternoon as the financial
sector climbed following CIBC’s quarterly earnings report and energy stocks
gained …
www.cbc.ca/cp/business/050824/b082462.html
RECORD high crude prices pressure NY; rising energy stocks send …
Vancouver Sun (subscription) – Vancouver,British Columbia,Canada
TORONTO (CP) – The Toronto stock market moved up Wednesday as energy stocks
took off and crude oil hit a fresh record close, but gains also came from
the …
www.canada.com/vancouver/vancouversun/news/busin
ess/story.html?id=1b9fc981-1a60-4652-8c7b-ceb72d962be8
ENERGY Department evacuates Hanford workers after suspected leak
Seattle Post Intelligencer – USA
RICHLAND, Wash. — The US Department of Energy evacuated some workers at
the Hanford nuclear reservation for several house Wednesday after the
suspected breach …
seattlepi.nwsource.com/local/aplocal_story.asp?
category=6420&slug=WA%20Hanford%20Leak
PETROCHINA, China’s biggest state-owned oil firm, says first-half …
Canada.com – Canada
HONG KONG (AP) – PetroChina Co., China’s biggest state-owned oil firm,
said Wednesday its first-half net profit rose 36 per cent, spurred by
higher oil prices. …
www.canada.com/businesscentre/story.html?id=edf38bc3-7f2b-496e-b912-710e8976765b
CRUDE Oil Reaches $68 as Storm Threatens Gulf of Mexico Output
Bloomberg – USA
25 (Bloomberg) — Crude oil rose to a record $68 a barrel in New York on
concern that a storm may disrupt output in the Gulf of Mexico, where 30
percent of US …
quote.bloomberg.com/apps/news?pid=10000006&sid=a7.dQRqYS6Ws&refer=home
ECUADOR oil protesters threaten hunger strike
Reuters.uk – UK
QUITO, Ecuador (Reuters) – Protesters whose attacks have choked off Ecuadorean
oil exports threatened on Wednesday to launch a hunger strike to pressure
the …
today.reuters.co.uk/news/newsArticle.aspx?type=worldNews&story
ID=2005-08-25T005524Z_01_ROB503266_RTRUKOC_0_UK-ECUADOR.xml
OIL: Prices hit record on storm, petrol supply
New Zealand Herald – New Zealand
NEW YORK – Oil prices surged more than 2 per cent to break a record on
Wednesday after an unexpected drop in US petrol stocks added to worries
that a gathering …
www.nzherald.co.nz/index.cfm?c_id=3&ObjectID=10342392
US Stocks Fall on Record Oil; S&P 500 Erases 2005 Advance
Bloomberg – USA
24 (Bloomberg) — US stocks dropped to six-week lows, erasing the Standard
& Poor’s 500 Index’s gain for the year, as crude-oil prices rose above
$67 a barrel …
quote.bloomberg.com/apps/news?pid=10000103&sid=aho0giB.T2ss&refer=news_index
www.canada.com/businesscentre/story.html?id=edf38bc3-7f2b-496e-b912-710e8976765b
PetroChina, China’s biggest state-owned oil firm, says first-half …
Canada.com – Canada
HONG KONG (AP) – PetroChina Co., China’s biggest state-owned oil firm, said Wednesday its first-half net profit rose 36 per cent, spurred by higher oil prices. …
“today.reuters.com/business/newsarticle.aspx?type=tnBusinessNews&storyID=nSP7104&imageid=
2005-08-17T011525Z_01_LOS03D_RTRIDSP_2_GAS-PRICES.jpg&cap=Prices%20for%20premium%20
gasoline%20have%20reached%20$3.05%20per%20gallon%20as%20indicated%20on%20a%2
Oil hits record on storm, gasoline supply
Reuters – USA
NEW YORK, Aug 24 (Reuters) – Oil prices surged more than 2 percent to set a record on Wednesday, after an unexpectedly large drop in US gasoline stocks added …
www.alertnet.org/thenews/newsdesk/N24628483.htm
Ecuador oil protesters demand immunity
Reuters AlertNet – London,England,UK
QUITO, Ecuador, Aug 24 (Reuters) – Protesters whose attacks have choked off Ecuadorean oil exports said on Wednesday they will not sign a settlement unless it …
quote.bloomberg.com/apps/news?pid=10000103&sid=aho0giB.T2ss&refer=news_index
US Stocks Fall on Record Oil; S&P 500 Erases 2005 Advance
Bloomberg – USA
24 (Bloomberg) — US stocks dropped to six-week lows, erasing the Standard & Poor’s 500 Index’s gain for the year, as crude-oil prices rose above $67 a barrel …
www.newindpress.com/NewsItems.asp?ID=IEB20
050824090934&Page=B&Title=Business&Topic=0
Govt to back oil firms’ expansion plans
Newindpress – Chennai,India
NEW DELHI: The government will ensure that public sector oil firms stick to their investment targets despite incurring huge losses on fuel sale, petroleum …
www.financialexpress.com/fe_full_story.php?content_id=100358
Govt admits can’t bank on oil PSUs’ dividend any more
Financial Express – Bombay,India
NEW DELHI, AUG 24: The government has for the first time admitted that it will not to be able to milk the cash-rich state-owned oil companies as it did during …
news.xinhuanet.com/english/2005-08/25/content_3399322.htm
US crude oil inventories rise, gasoline stocks fall last week
Xinhua – China
24 (Xinhuanet) — US inventories of commercial crude oil and distillate fuel increased over the past week, while gasoline stockpiles fell sharply, the Energy …
news.bbc.co.uk/2/hi/americas/4181528.stm
Venezuela signs Jamaica oil deal
BBC News – UK
Venezuela’s President Hugo Chavez has signed a deal with Jamaica to supply it with oil at preferential rates. Mr Chavez said his …
today.reuters.com/news/newsArticle.aspx?type=worldNews&storyID=2005-08-
24T165610Z_01_EIC460892_RTRIDST_0_INTERNATIONAL-ENERGY-IRAN-MINISTER-DC.XML
Iran parliament rejects oil ministry nominee
Reuters – USA
TEHRAN (Reuters) – Iranian lawmakers on Wednesday delivered a crushing vote of no confidence to the presidential nominee for oil minister, throwing the energy …
www.forbes.com/business/feeds/afx/2005/08/24/afx2190783.html
Oil futures rise as US inventory data reveals larger than expected …
Forbes – USA
LONDON (AFX) – Oil prices were higher after the release of US inventory data which revealed a larger than expected fall in gasoline stockpiles, analysts said. …
23/8/05
GRAPHICS Helping People Wake Up To Peak Oil
Scoop.co.nz (press release) – New Zealand
With increasing fuel prices more people are becoming aware of peak oil,
and are wanting to help others become aware too. This can …
www.scoop.co.nz/stories/BU0508/S00410.htm
SIDEBAR: Are We In Peak Oil Today?
Raise the Hammer – Canada
For the first time, the global oil system has no margin for error. Any
significant supply disruption will send prices skyrocketing. Are we in
peak oil today? …
www.raisethehammer.org/index.asp?id=135
AMADEUS Energy triples net profit
Ninemsn – Sydney,New South Wales,Australia
Oil and gas junior Amadeus Energy has tripled its net profit for the full
year thanks to increased production and the sale of its Australian biodiesel
business …
news.ninemsn.com.au/article.aspx?id=58854
EDITORIAL/ Energy diplomacy: Diversification is needed to secure …
Asahi Shimbun – Tokyo,Japan
… Beijing’s aggressive strategy for securing energy supplies all over
the globe is now beginning to create friction and anxiety in many parts
of the world. …
www.asahi.com/english/Herald-asahi/TKY200508240140.html
STOCKS lower as energy, financials pressure TSX; home sales help …
CBC News – Canada
… was stuck on negative ground Tuesday afternoon as the start of the
big banks’ quarterly reporting season got off to a rocky start and energy
stocks retreated …
www.cbc.ca/cp/business/050823/b082356.html
DAVID Hauser to be CFO of Duke Energy post-merger
Reuters – USA
LOS ANGELES, Aug 23 (Reuters) – David Hauser will become the chief financial
officer for Duke Energy (DUK.N: Quote, Profile, Research) once the company
merges …
today.reuters.com/investing/financeArticle.aspx?type=mergersNews&storyID=
2005-08-23T202532Z_01_WEN7925_RTRIDST_0_ENERGY-DUKEENERGY-URGENT.XML
DUKE Energy wants to build 13,000-home Lowcountry development
Miami Herald – FL,USA
CHARLESTON, SC – Duke Energy’s real estate division has proposed building
a development with more than 13,000 homes in the Lowcountry. …
www.miami.com/mld/miamiherald/business/national/12454864.htm
CHINA’S CNPC H1 oil exploration discoveries at 300 mln tons …
Forbes – USA
BEIJING (AFX) – China National Petroleum Corporation (CNPC), the parent
company of Hong Kong-listed PetroChina, discovered oil reserves of 300
mln tons and gas …
www.forbes.com/business/feeds/afx/2005/08/23/afx2189877.html
VENEZUELA’S Chavez Squeezes Oil Companies With Taxes, Raids
Bloomberg – USA
… 14 in the western city of Maracaibo, Venezuelan government tax auditors
and a prosecutor went to the offices of Chevron Corp., the second-largest
US oil company …
quote.bloomberg.com/apps/news?pid=nifea&&sid=a3z63_HrIvtc
ECUADOR protesters are optimistic over oil deal
Reuters AlertNet – London,England,UK
QUITO, Ecuador, Aug 23 (Reuters) – Protesters whose attacks have choked
off Ecuador’s oil exports held out hopes on Tuesday for reaching a deal
under which …
www.alertnet.org/thenews/newsdesk/N23560705.htm
OIL prices above 66 usd in Asian trading ahead of US petroleum …
Forbes – USA
SINGAPORE (AFX) – Oil prices surged above 66 usd a barrel in Asian trade
as the market awaited the weekly petroleum inventory report from the US.
…
www.forbes.com/markets/feeds/afx/2005/08/23/afx2189900.html
‘OIL derivatives export fetches $2.4 bln for Iran’
IranMania News – Iran
… 24 (IranMania) – Iran earned an estimated $2 bln and 400 mln in the
five months from March 21 by exporting 8 mln and 2 thousand tons of oil
derivatives, said a …
www.iranmania.com/News/ArticleView/Default.asp?
NewsCode=34699&NewsKind=Current%20Affairs
www.rferl.org/featuresarticle/2005/08/4DFB3A4F-5D45-439C-9B77-BBE7D8A119F0.html
Oil Deal Marks Beijing’s 1st Foreign Energy Takeover
RadioFreeEurope/RadioLiberty – Prague,Czech Republic
China’s largest oil producer, PetroChina, yesterday launched a $4.18 billion bid for PetroKazakhstan, in what could be China’s first successful takeover of a …
today.reuters.com/business/newsArticle.aspx?type=ousiv&storyID=2005-08-
23T180323Z_01_N23539516_RTRIDST_0_BUSINESSPRO-ECUADOR-DC.XML
Ecuador protesters are optimistic over oil deal
Reuters – USA
QUITO, Ecuador (Reuters) – Protesters whose attacks have choked off Ecuador’s oil exports held out hopes on Tuesday for reaching a deal under which energy …
today.reuters.com/news/newsArticle.aspx?type=businessNews&storyID=
2005-08-23T192512Z_01_SP308963_RTRIDST_0_BUSINESS-MARKETS-OIL-DC.XML
Oil rises as Iraq spurs supply worries
Reuters – USA
NEW YORK (Reuters) – Oil inched higher on Tuesday after a power failure that halted exports out of Iraq’s Basra terminal reminded traders about the …
www.forbes.com/business/energy/feeds/ap/2005/08/23/ap2189585.html
Update 12: Oil Prices Stay Above $65 on Supply Worries
Forbes – USA
… “Rising global oil demand is continuing to … Nymex heating oil rose less than a cent to $1.858 a gallon while gasoline fell less than a penny to $1.858 a gallon. …
quote.bloomberg.com/apps/news?pid=10000086&sid=a28JdsMyTZzE&refer=news_index
Oil Is Steady Amid Concern Refiners Will Struggle to Make Fuels
Bloomberg – USA
23 (Bloomberg) — Crude oil was little changed, trading near $66 a barrel in New York, amid concern rising demand is straining the ability of refineries to …
www.theaustralian.news.com.au/common/story_page/0,5744,16363641%255E643,00.html
Oil Search doubles dividend as flows hit a three-year high
Australian – Australia
PAPUA New Guinea oil and gas producer Oil Search is doubling its dividend after a record half year on the back of sharply higher international oil prices. …
www.business-standard.com/common/storypage.php?storyflag=y&l
eftnm=lmnu1&leftindx=1&lselect=6&chklogin=N&autono=198170
Oil firms resort to short-term loans as crude prices bite
Business Standard – India
Oil companies are devising new strategies to borrow more from the banking system following an increased demand for credit to pay for crude. …
today.reuters.com/investing/financeArticle.aspx?type=bondsNews&storyID=
2005-08-23T192315Z_01_N23560374_RTRIDST_0_ECONOMY-ELSALVADOR-UPDATE-1.XML
UPDATE 1-High oil prices hit El Salvador inflation outlook
Reuters – USA
SAN SALVADOR, Aug 23 (Reuters) – High oil prices will push inflation in El Salvador as high as 4 percent this year, well above earlier forecasts, central bank …
www.nationmedia.com/eastafrican/current/News/news22080510.htm
Uganda wants say in running of Kenya’s oil depots
East African – Nairobi,Kenya
… Fuel products have risen by an average of Ush100 ($0.06) following a directive by the Kenya Revenue Authority that requires oil dealers to pay taxes within a …
quote.bloomberg.com/apps/news?pid=10000006&sid=apg.j4nnVJJ0&refer=home
Dow Average Falls on Oil; Shares of Citigroup Lead Decline
Bloomberg – USA
Aug. 23 (Bloomberg) — The Dow Jones Industrial Average fell as the price of oil surpassed $66 a barrel. Citigroup Inc. led the …
22/8/05
IS Oil Nearing Its Peak?
Motley Fool – USA
… After two years of dramatic price increases, are we at the top of another
cycle, or are we approaching “peak oil”? The term “peak …
www.fool.com/news/commentary/2005/commentary05082206.htm
GRAPHICS helping people wake up to Peak Oil
Pressbox.co.uk (press release) – London,UK
With increasing fuel prices more and more people are becoming aware of
peak oil, and are wanting to help others become aware too. …
www.pressbox.co.uk/detailed/Business/Graphics
_helping_people_wake_up_to_Peak_Oil_34431.html
CHINA to prioritize natural gas and nuclear energy development
Xinhua – China
BEIJING, Aug. 23 (Xinhuanet) — China plans to diversify its energy supply
to increase natural gas and nuclear power in a bid to meet increasing
demand. …
news.xinhuanet.com/english/2005-08/23/content_3390921.htm
ENERGY seminar
Calcutta Telegraph – Calcutta,India
Two-day seminar on Renewable Energy and Energy Management organised by
Northeastern Regional Institute of Water and Land Management begins in
Tezpur. …
www.telegraphindia.com/1050823/asp/northeast/story_5143075.asp
ENERGY conservation takes center stage
INQ7 Interactive, Inc. – Philippines
… The Department of Energy has proposed several measures that will reduce
the country’s fuel consumption, based on different diesel price thresholds.
…
money.inq7.net/topstories/view_topstories.php?yyyy=2005&mon=08&dd=23&file=4
SAARC states to launch energy trade
Daily Times – Lahore,Pakistan
… s Experts Advisory Council will appoint consultants to work on common
grid stations, which will help interconnect SARRC states through energy
trade, a senior …
www.dailytimes.com.pk/default.asp?page=story_23-8-2005_pg7_28
TORONTO stocks ride RIM and energy to higher close
Reuters Canada – Toronto,Canada
… Intel Corp. (INTC.O: Quote, Profile, Research) buoyed tech shares,
while a slight gain in oil prices supported the energy group. The …
ca.today.reuters.com/news/newsArticle.aspx?type=businessNews&storyID=
2005-08-22T203324Z_01_EIC262362_RTRIDST_0_BUSINESS-MARKETS-CANADA-STOCKS-COL.XML
US$4.18 billion bid for oil firm accepted
China Daily – China
The nation’s largest oil and gas producer, China National Petroleum Corp
(CNPC), yesterday reached an initial agreement with PetroKazakhstan Inc
to buy the …
www2.chinadaily.com.cn/english/doc/2005-08/23/content_471408.htm
ECUADOREAN troops protect oil industry
Taipei Times – Taiwan
REVENUE SHARING: Last week’s strike drastically reduced oil production,
forcing the country to halt exports. Protest leaders are …
www.taipeitimes.com/News/world/archives/2005/08/23/2003268849
RPT – Natural gas closes 5 pct higher; oil holds at 65 usd
Forbes – USA
SAN FRANCISCO (AFX) – Storm activity in the Atlantic Ocean rekindled concerns
about potential disruptions in natural gas and oil output, boosting natural
gas …
www.forbes.com/markets/feeds/afx/2005/08/22/afx2188427.html
PRICE black gold for Oil Search
Australian Financial Review – Australia
Oil Search says its outlook for the second half in terms of production
and revenues is strong, based on current oil prices. The …
afr.com/articles/2005/08/23/1124562841514.html
business.timesonline.co.uk/article/0,,9072-1746661,00.html
Chinese oil firm grabs Canadian rival for £3.2 billion
Times Online – UK
CHINA’s energy fortunes revived yesterday when CNPC, its state oil company, appeared to emerge victorious in the contest for PetroKazakhstan, securing …
www.alertnet.org/thenews/newsdesk/N22473706.htm
Ecuador talks with protesters, ups oil production
Reuters AlertNet – London,England,UK
QUITO, Ecuador, Aug 22 (Reuters) – Ecuador’s government opened talks with protest leaders who choked off the country’s oil exports but officials said that even …
news.xinhuanet.com/english/2005-08/22/content_3390308.htm
Crude oil price edges up on concern about Iraq’s supply
Xinhua – China
NEW YORK, Aug. 22 (Xinhuanet) — Crude oil price rose slightly Monday after a power failure in Iraq caused traders to worry about the country’s supply. …
www.canada.com/businesscentre/story.html?id=2c8c55c3-bf2f-4d14-a102-b272e69747cd
Oil prices rise as market weighs Iraqi outages, easing of troubles …
Canada.com – Canada
VIENNA, Austria (AP) – Oil prices rose Monday as traders weighed the effects of sabotage that disrupted Iraq’s southern pipeline exports against partially …
www.startribune.com/stories/535/5573135.html
Oil prices rise slightly
Minneapolis Star Tribune (subscription) – MN,USA
Officials say Iraq’s oil exports were shut down today by a power outage that darkened parts of central and southern Iraq, including the country’s only …
www.canada.com/businesscentre/story.html?id=32369302-08a2-42b4-8f9b-8d4b7f835519
North American markets advance as oil helps takes TSX higher …
Canada.com – Canada
New York markets made slight advances as the price of oil crept up. The advance in Toronto came after the TSX market had one of …
www.businessweek.com/ap/financialnews/D8C529N00
.htm?campaign_id=apn_home_down&chan=db
Wall Street seesaws as oil prices rise
BusinessWeek – USA
22 3:17 PM ET The summer doldrums settled into Wall Street Monday as the rising price of oil wiped out a moderate early advance and left stocks fluctuating in …
www.latimes.com/business/investing/wire/sns-ap-venezuela
-china-oil,1,5636600.story?coll=sns-ap-investing-headlines
Venezuela Oil Company Opens China Office
Los Angeles Times – CA,USA
CARACAS, Venezuela — Venezuela’s oil company opened an office in China, a client that is becoming increasingly important to this oil-rich country, the state …
money.inq7.net/topstories/view_topstories.php?yyyy=2005&mon=08&dd=23&file=1
‘Knee-jerk’ reactions to oil crisis hit
INQ7 Interactive, Inc. – Philippines
MALACAÑANG has proposed a slew of measures over the past few weeks in the hope of mitigating the effects of rising crude oil prices in the international market …
21/8/05
‘PEAK oil’ spells cataclysm for US, oil theorist warns
OregonLive.com – Portland,OR,USA
… cause much of a ruckus. But Deffeyes says peak oil is coming in November,
and could bring humankind to the brink. He is a devotee …
www.oregonlive.com/commentary/oregonian/ind
ex.ssf?/base/editorial/1124535842326820.xml&coll=7
MATT Simmons Answer Some Tough Questions About Peak Oil
Resource Investor – Herndon,VA,USA
By David J. DesLauriers. TORONTO (ResourceInvestor.com) — By now everyone,
especially those who follow the resource sector, have heard the Peak Oil
story. …
www.resourceinvestor.com/pebble.asp?relid=12210
ŒPEAK oil’ coming, may mean trouble
Nashua Telegraph – Nashua,NH,USA
… With oil prices hitting all-time highs and war raging in Iraq, serious
concerns about “peak oil” slowly have appeared on the public radar screen.
…
www.nashuatelegraph.com/apps/pbcs.dll/article?AID
=/20050821/OPINION04/108210033/-1/HEALTH
AUSTRALIA urged to increase renewable energy targets
ABC Online – Australia
A visiting British wind energy expert says Australia’s targets for renewable
energy use are modest and falling behind other countries. …
www.abc.net.au/news/newsitems/200508/s1443290.htm
CHESAPEAKE Energy, Enterprise Bonds Soar as Oil Reaches Record
Bloomberg – USA
Aug. 22 (Bloomberg) — Chesapeake Energy Corp., the No. 1 driller of natural-gas
wells in the US, is among energy-related companies …
www.bloomberg.com/apps/news?pid=10000103&sid=azJs1RLAlI3Y&refer=us
ENERGY security
Financial Express – Bombay,India
The Prime Minister as well as the President’s emphasis on energy security
during their recent Independence Day speeches is not unexpected, given
the …
www.financialexpress.com/fe_full_story.php?content_id=99944
ENERGY Bill Offers Little Short-Term Relief
FOX News – USA
WASHINGTON — Editor’s note: The following article is the first in a two-part
series on the impact of the Energy Policy Act of 2005, signed into law
earlier …
www.foxnews.com/story/0,2933,166352,00.html
GREENPEACE wants action on energy use
Ninemsn – Sydney,New South Wales,Australia
Greenpeace has called on the South Australian government to do more to
switch to clean energy to protect the Murray from climate change. …
news.ninemsn.com.au/article.aspx?id=58576
TRUCE Brings Calm to Ecuador Oil Protest
Newsday – Long Island,NY,USA
QUITO, Ecuador — Protests in Ecuador’s northeast Amazon region that brought
oil production to a halt were suspended Sunday after demonstrators and
the …
www.newsday.com/news/nationworld/world/wire/sns-
ap-ecuador-oil,0,2523045.story?coll=sns-ap-world-headlines
OIL Little Changed After Ecuador Strike Leader Suspends Action
Bloomberg – USA
22 (Bloomberg) — Crude oil futures were little changed in New York amid
reports protest leaders suspended a strike that had stopped exports by
Ecuador’s state …
www.bloomberg.com/apps/news?pid=10000086&sid=aoFh6dRJbrjY&refer=latin_america
OIL PRICES ON A HIGH
Special Broadcasting Service – Australia
Oil prices remain near record levels, having closed the week at $US65.35
a barrel in New York. … Crude oil futures reached a peak above $US67
earlier this month. …
www9.sbs.com.au/theworldnews/region.php?id=118755®ion=6
UAE invests Dh29b in oil sector
Khaleej Times – Dubai,United Arab Emirates
BY KARIM RAEF. DUBAI — The UAE has invested over Dh29 billion in the oil
sector during 2000 to 2004. According to the International …
www.khaleejtimes.com/DisplayArticle.asp?xfile=data/
business/2005/August/business_August457.xml§ion=business
OIL prices fall as Ecuador crisis ends
Sify – Taramani,Chennai,India
Singapore: Oil prices receded in Asian trading after Ecuador, the fifth
largest crude producer in South America, declared an end to six days of
civil unrest …
sify.com/finance/fullstory.php?id=13922316
Ecuador oil protesters freed; talks expected
CNN – USA
QUITO, Ecuador (Reuters) — Leaders of protests that shut down Ecuador’s oil industry were freed from jail after agreeing to halt their attacks and negotiate …
news.ft.com/cms/s/6522329c-1117-11da-adc0-00000e2511c8.html
China oil parent penalised for insider trading
Financial Times – London,England,UK
Singapore’s central bank has imposed an S$8m ($4.8m) civil penalty on the Beijing-controlled parent of China Aviation Oil for insider trading during the city …
www.boston.com/news/world/middleeast/articles/2005
/08/21/in_iraq_talks_stall_over_islam_oil_riches
In Iraq, talks stall over Islam, oil riches
Boston Globe – United States
BAGHDAD — Talks on Iraq’s new constitution have stalled over the role of Islam and the distribution of the country’s oil wealth, negotiators said yesterday. …
www.thehindubusinessline.com/2005/08/22/stories/2005082202330400.htm
Oil issue may set the direction
Hindu Business Line – India
… amiss. As the global crude oil price continued to rule strong, the market sentiment remained damp for the local players too. The …
www.canada.com/national/nationalpost/news/story
.html?id=f6b59eb0-0282-4666-a17d-ef6c3d169aed
Toronto stock market cleared for further advances after crude oil …
National Post – Canada
… stock market seems ready to ratchet up further gains in the coming week after coming off its highs for the year, paralleling a temporary pullback in oil prices …
www.forbes.com/home/feeds/afx/2005/08/21/afx2186855.html
RPT Oil futures up 3 pct, but still end the week lower
Forbes – USA
SAN FRANCISCO (AFX) — Unrest in Ecuador and Nigeria converged with reports of fresh violence in the Middle East to lift crude-oil futures by more than three …
www.thestandard.com.hk/stdn/std/Markets/GH22Ag05.html
Big oil buoys shareholders
The Standard – Hong Kong
Oil firms are spending more than ever in the hunt for new reserves but their investment is dwarfed by the tens of billions of dollars they are handing back to …
www.theaustralian.news.com.au/common/story_
page/0,5744,16337529%255E23349,00.html
Shell’s oil windfall goes on private jets
Australian – Australia
DIRECTORS of Shell have cashed in some of the windfall from high oil prices to upgrade their fleet of corporate jets. Chief executive …
www.thestandard.com.hk/stdn/std/Opinion/GH22Df01.html
Fueling an ‘oil crisis’
The Standard – Hong Kong
Last week, the worst “oil crisis’’ that China has ever experienced swept the Pearl River Delta and then spread to other regions. …
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