peak oil

Global: Global downturn cushioned peak oil impact

One of the Federal Government's top infrastructure advisers is warning of an oil crunch that could send the global economy spiralling back toward recession.

Curtin University Professor Peter Newman sits on the Government's Infrastructure Australia Council and says peak oil - when demand outstrips dwindling supply - has already hit but that the global downturn has kept prices low.

Argentina: Temen escasez de naftas para este fin de semana

An explosive cocktail: the quotas for deliveries of fuel to service stations that are due later this month, on Saturday is a regular day delivery and next is May 1, Labor Day, is the fact that the zero due tomorrow morning compulsory conciliation issued by the Ministry of Labour of the nation and respected by the Federación Argentina Sindical Oil, Gas and Biofuels, and the gap between what the industry calls guild and what they offer in the House of Oil Industry (CIP) is still insurmountable.

Ivory Coast: Pénurie d’essence - Les revendeurs se rabattent sur Yamoussoukro

The fuel shortage in the capital of the Bandama valley has prompted retailers to raise prices, which in a few days, went from 600 to 1,500 CFA francs per liter.

Fuel prices at the pump are soaring since the beginning. This is following the gas shortage faced the past three days, users of the city center. Tuesday early evening, almost all gas stations, dry for days, were awaiting the precious liquid.

Pakistan: Power shortfall nears 4000MW

Despite several new energy conservation initiatives taken by the government in a bid to reduce prolong power outages, no significant change has been witnessed anywhere in the country.

While the power shortfall also continues to linger around 4000MW.

According to Pakistan Electric Power Company (PEPCO), current electricity generation in the country is 10703MW against the overall demand of 14694MW.

Eight to 12 hours of power cuts are being observed in almost all parts of the country, according to media reports.

Global: Oil : future world shortages are being drastically underplayed, say experts

A leading academic institute has urged European governments to review global oil supplies for themselves because of the "politicisation" of the International Energy Agency's figures.

Uppsala University in Sweden today published a scathing assessment of the IEA's annual World Energy Outlook, saying some assumptions drastically underplayed the scale of future oil shortages.

Cuba: Cuba orders extreme measures to cut energy use

Cuba has ordered all state enterprises to adopt "extreme measures" to cut energy usage through the end of the year in hopes of avoiding the dreaded blackouts that plagued the country following the 1991 collapse of its then-top ally, the Soviet Union.

In documents seen by Reuters, government officials have been warned that the island is facing a "critical" energy shortage that requires the closing of non-essential factories and workshops and the shutting down of air conditioners and refrigerators not needed to preserve food and medicine.

Indonesia: PLN officials told to address power outages or lose jobs

State SOE Minister Mustafa Abubakar has asked officials of state electricity company PT PLN to immediately address the ongoing power shortage in the country, especially in Jakarta, or risk losing their jobs.

“I will discipline those who fail to meet the electricity crisis settlement deadline. I will also reward those who meet the deadline,” Mustafa said during a visit to the Cawang Baru substation in East Jakarta on Thursday.

Indonesia: Monopoly rears its ugly head

The state electricity monopoly (PLN) raised again its ugly head with more extensive damages as rotating power blackouts, previously limited mostly to areas outside Java, have now hit even the capital city, the center of political and commercial power.

PLN chief executive officer Fahmi Mochtar said Monday the rolling power outages in Jakarta and its surrounding towns, initially caused by the explosion of a transformer at the high-voltage transmission grid in Cawang in September, would continue until Christmas due to the technical problems at the Muara Karang power generation plant in north Jakarta.

Malawi: Malawi: Fuel shortage deepens

The country has for the past four weeks gone with empty tanks at fuel service centres, forcing vehicles to wait for hours on end in a quest to get fuel.

Officials from Petroleum Importers Limited and the Malawi Energy Regulatory Authority say they are doing all they can to pressurize officials at Beira Port to deliver.
Tankers of fuel remain stuck at Beira with loads of fuel while people adapt to living in the dark.

Nepal: Fuel shortage hits consumers

Shortage of petroleum products has hit consumers in the Valley as Nepal Oil Corporation (NOC) failed to manage supplies amid dwindling import, which resulted from stringent depot safety policy of the Indian supplier and traffic jam along Birgunj-Raxaul corridor, the main import route.

Petroleum dealers said the NOC did not issue petrol to private dealers on Tuesday. On Wednesday, it distributed 225 kiloliters of fuel, which is three-fourth of normal daily demand, in the Valley.

"Almost all dealers in the valley were out of stock earlier on the day. Fuel was distributed only late on the day, building queues at the refilling stations," said Sharad Bhandari of Nepal Petroleum Dealers´ Association, flaying the NOC for not managing the import-related problem on time.