March 31 (Bloomberg) — U.S. Interior Secretary Ken Salazar talks with Bloomberg’s Betty Liu about President Barack Obama’s plans to expand offshore oil and natural-gas drilling along U.S. coastlines.¶
The President is expected to announce his proposal later today. Salazar speaks from the White House in Washington. (Source: Bloomberg)
Duration : 0:3:27
Andy Lipow of Lipow Oil Associates breaks down what the decision means for the price of crude and at the pump.
Duration : 0:3:8
March 17 (Bloomberg) — Cornelia Meyer, an independent oil analyst, talks about increased Iraqi oil production coming on stream and its effect on OPEC quotas.
Meyer also discusses the outlook for oil prices. She speaks with Bloomberg’s Francine Lacqua at the meeting of the Organization of Petroleum Exporting Countries in Vienna.
Duration : 0:2:25
The video regards a skill shortage in the global oil & gas industry and how to overcome it by using e-learning courses from Abhisam Software. Visit http://www.abhisam.com/products.htm for details
Duration : 0:0:32
The Tengiz Field in Kazakhstan is one of the worlds 10 largest crude oil fields — and one of the most complex to produce. The crude oil is high in hydrogen sulfide gas, and the reservoirs must be maintained at ultra-high pressures in order to maximize production. Two expansion projects of extraordinary scope have overcome both challenges and almost doubled production capacity to 540,000 barrels of crude oil, 760 million cubic feet of natural gas and 46,000 barrels of natural gas liquids per day. One project called for building the largest facility in the world for processing crude oil and separating out the hydrogen sulfide gas. The second included a specially designed compressor that reinjects one-third of the gas back into the reservoir at the highest pressures ever achieved. The gas helps maintain reservoir pressure and acts as a solvent, sweeping additional crude oil toward producing wells.
Duration : 0:1:58
High tech prices combined with new technology is what an Oklahoma company is betting on with a new 65 million dollar facility in Shawnee.
Duration : 0:4:4
http://localfuture.org
How long can this global oil supply level be maintained? When will the decline in oil supply begin? How will that impact already rising gasoline prices, oil prices, food prices and the struggling state of the world economy?
To address shrinking fossil fuel supplies, increasing CO2 emissions, and rising global inequity we need to make immediate and drastic cuts to our energy use. Learn about viable curtailment strategies for food, housing, and transportation, why most “sustainable” and “green” techniques are inadequate, and how we can create cooperative low-energy communities to survive.
Pat Murphy is the Executive Director of Community Solutions in Yellow Springs, Ohio, co-writer and co-producer of the film, “The Power of Community: How Cuba Survived Peak Oil” (2006) and author of the forthcoming book “Plan C: Community Survival Strategies for Peak Oil and Climate Change.”
The International Conference on Peak Oil and Climate Change: Paths to Sustainability explores the root cause of rising gas prices, global warming, biodiversity loss and other indicators of global unsustainability.
http://localfuture.org
Duration : 0:8:58
Driving down the two lane roads of South Central Illinois, you can usually spot an oil well or two. In this case, the ones we spotted were open and available for some camera work. They run with Fairbanks Morse flywheel engines that use the wellhead gas for fuel. Cooling water is sealed and recycled through a radiator and lubrication is never far away. As a result, these engines can run for a week or more before attention is required. In fact, at a slow, steady speed, their lifetime is practically unlimited. Change out a spark plug or maybe a bearing or a valve and it’s ready to go to work again. See the Oil Field Engine discussion group at WWW.SMOKSTAK.COM for more information.
http://www.smokstak.com/forum/showthread.php?t=51529
Duration : 0:1:8
Gas prices are rising, at this rate, the average price of gasoline in the USA will rise from $4 per gallon to $10 per gallon in less than seven years.
Oil prices are also rising, and if they continue going up at this rate, will be $1,000 per barrel within 10 years.
What is causing gasoline, diesel, propane, fuel oil, petroleum and oil prices to rise so quickly?
The answer is that demand is increasing all over the world, everywhere, but at the same time, world oil supply is NOT increasing. In fact, world oil supply was “stuck” at under 85 million barrels per day for over three years.
We may be at peak oil. The economic impacts we have seen may just be the beginning.
Using his renown “Peak Oil in Five Slides”, Aaron Wissner explains what is going on, and how rising prices are related to stagnant oil supply.
For more videos, visit:
http://localfuture.org
This video comes from “The International Conference on Peak Oil and Climate Change: Paths to Sustainability”.
http://sustainabilityconference.org
Feel free to copy and share with others.
Duration : 0:2:48
MSN : المسنجر
UAE@UAE.NET
Abu Dhabi (Arabic: أبو ظبي transliteration: abū ẓābī, literally Father of gazelle) is the capital and second most populous city in the United Arab Emirates (UAE), after Dubai. It is also the seat of government of the emirate of Abu Dhabi. Abu Dhabi lies on a T-shaped island jutting into the Arabian Gulf from the central western coast. Approximately 1.45 million people live in Abu Dhabi as of 2008, of whom 80% were expatriates. One of the world’s largest producers of oil, Abu Dhabi has actively attempted to diversify its economy in recent years through investments in financial services and tourism. Abu Dhabi is ruled by Khalifa bin Zayed Al Nahyan, who is also the President of the UAE.
Parts of Abu Dhabi were settled in the 3rd millennium BC and its early history fits the nomadic herding and fishing pattern typical of the broader region. Modern Abu Dhabi traces its origins to the rise of an important tribal confederation, the Bani Yas, in the late 18th century, which also subsequently assumed control of the town of Dubai. In the 19th century the Dubai and Abu Dhabi branches parted ways.
Into the mid-20th century, the economy of Abu Dhabi continued to be sustained mainly by camel herding, production of dates and vegetables at the inland oases of Al Ain and Liwa Oasis, and fishing and pearl diving off the coast of Abu Dhabi city, which was occupied mainly during the summer months. Most dwellings in Abu Dhabi city were, at this time constructed of palm fronds (barasti), with the wealthier families occupying mud huts. The growth of the cultured pearl industry in the first half of the twentieth century created hardship for residents of Abu Dhabi as pearls represented the largest export and main source of cash earnings.
In 1939, Sheikh Shakhbut Bin-Sultan Al Nahyan granted petroleum concessions, and oil was first found in 1958. At first, oil money had a marginal impact. A few lowrise concrete buildings were erected, and the first paved road was completed in 1961, but Sheikh Shakbut, uncertain whether the new oil royalties would last, took a cautious approach, preferring to save the revenue rather than investing it in development. His brother, Zayed bin Sultan Al Nahyan, saw that oil wealth had the potential to transform Abu Dhabi. The ruling Al Nahyan family decided that Sheikh Zayed should replace his brother as ruler and carry out his vision of developing the country. On August 6, 1966, with the assistance of the British, Sheikh Zayed became the new ruler. [1]
With the announcement by the UK in 1968 that it would withdraw from the Persian Gulf area by 1971, Sheikh Zayed became the main driving force behind the formation of the United Arab Emirates.
After the Emirates gained independence in 1971, oil wealth continued to flow to the area and traditional mud-brick huts were rapidly replaced with banks, boutiques and modern highrises.
The emirate of Abu Dhabi is located in the oil-rich and strategic United Arab Emirates and is an active member of the Gulf Co-operation Council (GCC). It borders with the Kingdom of Saudi Arabia (south) and the Sultanate of Oman (east). The emirate borders the emirate of Dubai to its northeast. In the north is the Arabian Gulf.
Abu Dhabi city is on an island located less than a quarter-kilometer from the mainland and is joined to the mainland by the Maqta and Mussafah Bridges. A third bridge, designed by Zaha Hadid, is currently under construction. Bridges connecting to Reem Island and Saadiyat Island are also under construction.
Most of Abu Dhabi is located on the island itself, but it has many suburbs on the mainland for example: the Khalifa Cities, Between Two Bridges, and Mussafah Residential.
Sheikh Khalifa bin Zayed Al Nahyan is the hereditary ruler of Abu Dhabi (UAE). He is the son of Sheikh Zayed bin Sultan Al Nahyan, the first president of the United Arab Emirates.
Abu Dhabi is the wealthiest emirate of the UAE in terms of Gross Domestic Product (GDP) and per capita income. The average net worth for Abu Dhabi’s 420,000 citizens is AED 62 million (US$ 17 million), and more than $1 trillion is invested worldwide in this city alone. The GDP per capita also reached $63,000 [2], which is far above the average income of the United Arab Emirates and which ranks third in the world after Luxembourg and Norway. Abu Dhabi is also planning many future projects sharing with the Cooperation Council for the Arab States of the Gulf (GCC) and taking 29% of all the GCC future plannings. The United Arab Emirates is a fast-growing economy: in 2006 the per capita income grew by 9%, providing a GDP per capita of $49,700 and ranking third in the world at Purchasing power parity. Abu Dhabi plays a large role in the world economy. Abu Dhabi’s sovereign wealth fund, the Abu Dhabi Investment Authority (ADIA), currently estimated at US$ 875 billion, is the world’s wealthiest soverign fund, in terms of total asset value.
Duration : 0:9:49