DrumBeat: July 28, 2006

[Update by Leanan on 07/28/06 at 9:37 AM EDT]

Challenges of Linking Kuwaiti Production with Oil Reserve

Ten members of the Kuwaiti National Assembly last week tabled a motion to link Kuwait's crude oil production with its oil reserve. After it is passed by parliament it will become a law under which the Ministry of Energy and the oil sector will operate.

Aging grids cited in blackouts

The nation's power system may be showing its age.

Recent heat wave-related blackouts in California and New York are at least partly being blamed on creaky transformers, circuit breakers and cables.


Green Party candidate calls for national oil company

Howie Hawkins, the Green Party candidate for US Senate from New York, called today for the creation of a national oil company to help protect American consumers against the rapidly escalating price hikes for gasoline.


U.S. policy entangled by rising price of oil


Oil Is Like Milk; China Has No Need to Buy Cows Andy Mukherjee thinks China should trust the market.

If you need milk every day, you should buy a refrigerator. A cow in the backyard would be too much.


Japan joins the energy race


Nigeria oil hit by violence

Violence continues to stymie production in oil-rich Nigeria, as Royal Dutch Shell announced its production levels have not recovered in 2006 and armed militants took 40 oil workers hostage this week.

A Shell executive told reporters Wednesday that production levels were expected to be down in 2006 due to the continuing violence directed at foreign oil companies operating in the oil-rich West African nation.


API: U.S. Oil, Gas Drilling Activity Hits Two-Decade High In Q2


Portland prepares peak oil briefing book