Petrol pump owners complained that only 8,000 litres of petrol are being given to each pump on alternate days. Locals were forced to queue up to buy petrol at up to Rs160 per litre by pump owners. Petrol shortage: 90% petrol stations close down in Faisalabad FAISALABAD: The fuel crisis worsened in South Punjab on Monday, as 90% of all petrol pumps closed down in the city of Faisalabad and surrounding areas. Never one to lend an ear to idol gossip, Kipp does a quick round up of the various theories doing the rounds. Where, oh where, did the petrol go? A headline from this morning’s The National may read “Petrol shortage rumbles on without explanation” but there is no denying that there are plenty of rumors and conspiracy theory. Information and Culture Minister Abdel-Aziz Khoga said Monday the 25-year loan is aimed at helping the state-run company meet deadlines to boost power generation capacity in the energy rich kingdom. to help it cover its projected fiscal deficit and complete projects through 2012.
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for project financing RIYADH, Saudi Arabia - Saudi Arabia’s Cabinet has approved a 51 billion riyal ($13.6 billion) interest free loan to the Saudi Electricity Co. Saudi Cabinet approves $13.6 billion loan to Saudi Electricity Co. Oman a contender in oil benchmark title race (Reuters) - Oman oil futures have the potential to overtake the world's top two benchmarks and limited progress so far reflects the difficulty of changing the status quo, the head of the Dubai Mercantile Exchange said on Monday. Russia, China keep talking gas as Chinese president's visit nears Gazprom and China National Petroleum Corporation (CNPC) will continue discussions on a major gas supply deal on Tuesday, the Russian energy giant said on Monday after a second straight day of talks in Moscow. engineering company Fluor Corp said on Monday. Iraq must invest in power, water for growth (Reuters) - Iraq must invest more in its power and water infrastructure to achieve sustained growth, and if it does not the oil and gas sectors will suffer, U.S. Department of Energy hearing on fracking in Pennsylvania is expected to draw numerous supporters and protesters of the practice Monday night. of Energy to hold meeting on fracking PITTSBURGH - A U.S. and Canadian sides of the river," Enbridge said.īarclays: Worldwide Spending to Pass Half Trillion Mark in 2011 Worldwide exploration and production (E&P) spending in 2011 is expected to rise to 16 percent to $529 billion, compared with $458 billion in 2010, with strong year-over-year improvement in spending driven by large increases inside and outside North America, Barclays Capital today reported in its global E&P capital spending update. Clair River with new valves and the existing Line 6B on both the U.S.
The occurrence of Peak Oil is, however, unavoidable.Įnbridge shuts Line 6B for maintenance (Reuters) - Enbridge Inc said Monday it shut its 290,000 barrel-per-day Line 6B downstream of its terminal at Stockbridge, Michigan.ĭuring the pre-scheduled 72-hour shutdown, the company "will complete the tie-in of the newly installed segment of the 30-inch diameter pipeline under the St.
Psychological barriers account for the suppression of irrefutable facts and lead to an almost instinctive rejection of in-depth discussion of this difficult issue. It is accordingly difficult to imagine what kind of impact a gradual withdrawal of one of the most important sources of energy would have on our civilization. 2010) We are unable to think about the consequences of Peak Oil via our everyday experiences, and can only draw partial historical parallels. Review of Bundeswehr Report on peak oil: Section 2.2.
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