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Mexico regulator rejects Pemex oil reserve estimate

Reuters, 19 November 2010

Mexican regulators rejected a huge chunk of state oil monopoly Pemex's estimate of how much oil and gas the country has, calling into question the long-term sustainability of the industry. The National Hydrocarbons Commission ordered Pemex to produce more evidence to back up its claims of probable and possible oil and gas reserves in its northern region, in a ruling dated Sept. 30 but published on its website on Friday.

Inflation challenged as diesel shortage looms

China.org, 21 November 2010

The State Council, China's Cabinet, yesterday ordered local governments to take further measures to combat inflation. Local governments must boost production and ensure supply while checking irrational demand and punishing illegal activities that push prices up, a circular on government website www.gov.cn said. The measures cover agricultural production, the stabilization of the supply of agricultural products, reducti

Sinopec Trading Unit Hires Tanker to Ship Fuel to China From Rotterdam

Bloomberg, 19 November 2010

China International United Petroleum & Chemical Corp., the trading unit known as Unipec, hired a supertanker to carry fuel to China from Rotterdam, according to reports from two companies including Optima Shipbrokers Ltd. Unipec, China’s biggest oil trader, chartered the Athenian Success, a Very Large Crude Carrier, to load 275,000 metric tons on Dec. 4, according to today’s reports, which didn’t specify whether the cargo is crud

IEA on Board, Sort Of

Hubbert's Peak, 17 November 2010

Make that 2005; then we're talking about the same planet. The implied IEA message is that the peak happened several years ago and the world didn't come to an end. Wayminnit. We are in the biggest economic downturn since the Great Depression and we don't know whether we can ever restore our earlier prosperity. My interpretation is that the 2008 crude oil price, $147 per barrel, shattered the global economy. The "invisible hand

Nymex crude oil futures chart

http://mazamascience.com/Energy/NYMEXFutures/

Aviation industry ‘ditches’ hydrogen

BBC News, 17 November 2010

Is the sun setting again on hydrogen-powered aviation? It took just 32 seconds to extinguish faith in the airship and the hydrogen that once buoyed the Hindenburg, which erupted in a fatal inferno 73 years ago. Now hydrogen is being dropped again by the aviation industry.

WA Parliamentary Inquiry- transcripts

Evidence by Mr Phil Ladner (Executive Director, Infrastructure Delivery, Main Roads), Mr Michael Cosson (Manager, Project Programming, Main Roads), Mr Leo Coci (Director, Major Projects, Main Roads) and Mr Peter Woronzow (Executive Director, Finance and Commercial Services, Main Roads) on 02/03/2010

The High Cost of Free Parking seminar

The High Cost of Free Parking seminar with Professor Donald Shoup was held on the 4th November. For those who where unable to attend, we have made Podcasts and PowerPoint presentations available at

Prepare For peak Oil While There Is Time

Countercurrents, 16 November 2010

ASPO peak oil conference held in Washington was an unique opportunity to meet Dr. Chris Martenson. Chris is devoted to finances, economics, energy and environment and connects together these separate fields. He says that the next 20 years will be very different from the last 20 years. Peak oil “will change everything” and there is never too soon for preparations. The key is resilience, self-dependency and versatility. He is an optimi

After a strong counterattack, Big Coal makes a comeback

Online Opinion, November 2010

The coal industry – perhaps the least entrepreneurial, most politically-connected business in America – likes to present itself as a hapless collection of hard-working guys just trying to keep the lights on. In the run-up to last week's election, the industry skillfully played up the idea that it was under siege by out-of-control federal bureaucrats, including a president unsympathetic to the idea that burning more coal is the surest route to a

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