WILL THE GASOLINE PRICE MANIPULATION TAKE DOWN THE ECONOMY?

OR IS THIS TERRORISM???

compiled by Dee Finney

updated -6-7-08

WARNING!

12-16-98 - 3:30:a.m. VISION - I was seeing a silo type construction. It was very tall. It was as though I could see through the building. I could see a machine of some kind drilling down through the center of this silo, and when the drill hole was complete, a nuclear bomb was dropped down the hole and it exploded.

After the explosion was over, I could see colored liquid-type jell flowing in the streets in several colors of blue, green, and yellow, and red.

Following the nuclear explosion, I saw three shorter type silo constructions. They looked more like oil tanker constructions where oil is stored. Here too, I could see through the constructions and saw drilling going on down through the center of these constructions. Here too, when the drilling was done, bombs (but not nuclear) were dropped down through the holes and exploded.

When this was all over, I was sitting in a room with some other people. It was a very bare room, with no furniture but the wooden chairs we were sitting on. The people I was with were men and women of various ages. There were no children in evidence. I made an announcement to them, that since their mates were gone, they and I would have to be a 'family' with each other. It was a very somber meeting with them. There was no joy in becoming a 'family' but one of necessity because there was no one else to be a 'family' with.

End of vision.

I cannot say when or where I was during this event, but obviously, it was not a good thing to experience.

Dee

 

5-14-04 - DREAM - I was having a problem with the gasoline line in my car and getting it started, so I had to leave the car overnight at the gas station on 71st and Greenfield in West Allis, WI.   (There is no station at that location)

A black female friend of mine who resembles the Aunt Jemima character said she would drive me in her car to my apartment which was in downtown Milwaukee, WI. 

We were blocked from getting through a narrow street where a group of black people were partying in the street. Some of them were sitting on a sofa long the curb. The sofa itself was stacked with soda bottles of all kinds. The full ones were on one end and the empty ones (litre bottles) were lined up laying down on the other end.

I had to get out of my friend's car and walk the rest of the way to my apartment. As I passed the last woman sitting on the couch, I saw that she was sitting on a case of Pepsi soda water bottles that she hadn't opened yet. I asked her if she was playing the Pepsi billionaire game. She didn't know anything about it. So I told her that Pepsi was going to give away a billion dollars to people who bought their soda and it evidently hadn't started yet.. I wished her luck in the contest when it started.

I continued walking home. When I reached my apartment building downtown, I decided I'd better pick up my mail because I hadn't done so for awhile. My mailbox was #1. When I opened it with the key, all that was in it were numerous slips of paper telling me that all my mail was at the Post Office and to pick it up there. From the number of slips of paper - if the postman left one a day - it had been several weeks since I had picked up my mail. I hoped they were still holding my copy of the Spotlight newspaper for me.

I couldn't go to the post office right then, as it was closed, so I went to my apartment. Practically as soon as I got  there, I got a phone call from my ex-husband telling me that the gas station where I had left my car had exploded.

I found that hard to believe. But as soon as I hung up, my boss Tom from my locksmith job called and we depended on running our vans to rescue people who locked themselves out of their cars. He told me too that the garage where I had left my car for repairs on the gasoline line had blown up.

I still didn't want to believe it could be that bad, so I decided to go see for myself. (I dropped my keys twice as I left the building, but I heard them fall and was able to retrieve them immediately)

I had to walk past all those same black people on the way back towards the garage. The street and sidewalks were lined with newspaper including the Sunday comics. The newspaper was so thick on the street, it actually cushioned my walking so the street was soft to walk on. There was no way to tell if these newspapers had been read, but there were evidently weeks and weeks worth of newspapers on the ground.

I reached the corner of 70th and Greenfield where I did my banking. I was stunned. The gas station explosion  had been so big, it even wiped out the whole block of stores and took the bank right down to its foundation.

I was stunned to the core of the great devastation. the gasoline explosion had leveled all the other businesses too. There was nothing left standing.

 

4-18-2006

A couple of night's ago in a vision I saw a vertical pole.... I could not see the top nor the bottom.  Then I see a man fall from the top somewhere to the middle of this pole and remains suspended there sitting on a motorized bicycle. This scene dims and the number 705 appears. Then a couple of seconds later the word "Texaco."

I haven't seen nor heard the word Texaco in decades.  The first thing that came to mind was the local Texaco Garage on 6th Avenue in my hometown with its TEXACO sign/logo suspended at the front. The last letter "0" had a five-pointed star in its center. Later I think the letter T was added inside the star.   The Texaco slogan was: You can trust your car to the man who wears the star."

by S

5-17-08 - VISION - THIS IS THE SECOND TIME I'VE SEEN THIS!

After I saw the red flying horse, I saw a series of 7 boxes, side by side with numbers in them and the numbers just kept getting higher and higher

THE RED FLYING HORSE IS THE SYMBOL FOR EXXON MOBILE OIL

 

Oil sets record at  $137 - it went up $10 in ONE DAY
June 6, 2008
Oil sets record near $128; pump price at high, too
Friday May 16, 2008
By Adam Schreck, AP Business Writer
Oil prices spike to record near $128 a barrel, as retail gas and diesel hit new highs
 
NEW YORK (AP) -- Oil prices surged more than $3 Friday, shattering a previous record in a spike near $128 a barrel, as prices at the pump pushed to new highs of their own.

The gains come 10 days before the Memorial Day holiday, the traditional start of the peak U.S. summer driving season, suggesting that retail gas prices still have further to rise.

Motorists are now paying a national average of $3.787 a gallon for regular gasoline, up nearly a penny from the previous day, according to AAA and the Oil Price Information Service.

Diesel prices also have risen to record levels, meaning that even Americans who don't drive will likely face even higher prices on all sorts of goods because of increased shipping costs. A gallon of diesel now sells for $4.482 a gallon.

Light, sweet crude for June delivery rose as high as $127.82 a barrel on the New York Mercantile Exchange, before easing somewhat to trade up $2.10 at $126.22. The contract settled at $124.12 Thursday, two days after reaching a previous trading record of $126.98.

"All in all, we're seeing another strong move here on little fundamental news," said Jim Ritterbusch, president of Ritterbusch & Associates in Galena, Ill. "It's indicative of a market searching for a top."

Oil prices could rise even higher as U.S. demand picks up during the summer months, when gasoline consumption is typically the heaviest. Traders are clearly betting gasoline prices have a way to go too: Gasoline futures jumped to a record $3.2438 a gallon on the Nymex before easing to $3.2116, up 4.58 cents.

President Bush, in Saudi Arabia for his second personal appeal this year to King Abdullah, apparently failed to persuade the oil-rich nation to boost crude production -- a move that would likely have pushed prices lower.

Saudi officials maintained their position that they are already meeting demand. The kingdom is the world's largest producer of oil and is a key member of the Organization of Petroleum Exporting Countries.

"What they're saying to us is ... Saudi Arabia does not have customers that are making requests for oil that they are not able to satisfy," Stephen Hadley, the president's national security adviser told reporters.

Energy traders honed in on an upward revision of an oil price forecast by Goldman Sachs from $107 to $141 a barrel for the second half of the year. The investment bank is predicting continued swings in oil prices as prices dip at times because of falling demand before again moving higher.

"Accordingly, we would view any pullback in oil, regardless of the size or duration -- although a correction could be as large as 15 percent -- as an opportunity to re-establish long positions in oil before the summer," Goldman Sachs advised traders.

Also pushing oil prices higher was speculation that China's demand for diesel needed to fuel its power plants would rise due to reconstruction efforts after this week's earthquakes.

In other Nymex trading, heating oil futures rose 6.58 cents to $3.6882 a gallon. Natural gas futures fell 9.3 cents to $11.306 per 1,000 cubic feet.

In London, June Brent crude surged $2.03 to $124.66 a barrel on the ICE Futures exchange.

Associated Press Writer Jennifer Loven in Riyadh, Saudi Arabia, contributed to this report.

 

OIL PRICES SET NEW HIGH RECORD
AND STILL RISING

US oil hits $100 record

Oil prices have hit a record high and smashed the psychologically important barrier of $100 dollars a barrel.

Violence in Nigeria, Algeria and Pakistan and the effects of colder weather pushed up prices after the New Year break.

The latest surge has been caused by concerns about supplies, and if prices remain at these higher levels consumers could see the effects in weeks.

The immediate impact would be higher petrol, diesel and home heating oil.

Further down the line it could result in higher inflation and with that comes the threat of a jump interest rates.

All of these factors will make the backdrop to the pay talks more difficult.

Last year oil prices rose by 58%.

 

Fire at major US oil pipeline kills 2, sends oil prices soaring

11-28-07

Flames and smoke are seen following an oil pipeline fire
that killed two workers Wednesday Nov. 28, 2007,
in Clearbrook, Minnesota

By Associated Press

CLEARBROOK, Minn. (AP) - A fire at a major pipeline from Canada that feeds oil to the United States killed two workers and sent oil prices soaring before burning out Thursday morning, officials said.

The two were fixing the underground pipeline when fumes apparently escaped, igniting the blaze Wednesday in Clearbrook, about 215 miles northwest of Minneapolis, said Kristine Chapin, a spokeswoman for the Minnesota Department of Public Safety. Nearby residents were evacuated because of the thick black smoke in the sparsely populated area.

"It looks like it's out now. They're just mopping up and making sure," Blake Olson, a pipeline terminal supervisor, said Thursday morning.

Enbridge Energy Inc.'s 34-inch pipeline carries crude oil from Saskatchewan to the Chicago area, Chapin said. The pipe had leaked a few weeks ago and was being repaired, she said.

"It appears as though one of those fittings may have failed and caused fumes to leak, and it caught fire," Chapin said. She said there wasn't an explosion and described it as a "big fire."


The crude is used to make several kinds of fuel, such as gasoline and home heating oil. An average of 1.5 million barrels of oil passes through the pipeline every day, said Larry Springer, a spokesman for Houston-based Enbridge.

The U.S. consumes 20.58 million barrels of oil a day.

The pipeline that leaked and three others were shut down, Enbridge said. Two of the lines were re-started Thursday morning, Springer said. Another line will be inspected to see if it is safe to come back online, but the line with the leak will likely be out for some time, Springer said.

"Nothing is going to be re-started until we're absolutely sure it's safe to be operated," Springer said.

The fire added jitters about the markets.

Light, sweet crude for January delivery jumped $3.47 to $94.09 a barrel in electronic trading on the New York Mercantile Exchange by midday in Europe. It climbed as much as $4.55 to $95.17 in the electronic session before slipping back.

The contract had plunged $3.80 to $90.62 a barrel Wednesday in New York, adding to the previous session's drop of $3.28. That was a front-month contract's second largest two-day price decline since the Nymex introduced futures trading in 1983.

In London, January Brent crude rose $2.21 Thursday to $92.02 a barrel on the ICE Futures exchange.

The names of the workers killed were not immediately released.

 

 

Nigeria: Fire - 70 Missing Persons On Red Cross Register
269 DEAD

Lagos

At least 70 persons are reported missing following the Christmas day pipeline explosion at Abule Egba area of Lagos.

The names of the missing persons were listed by their relations in the register opened by the Nigerian Red Cross (NRC). Relations of the victims have been trooping to the scene in search of their loved ones, asking for their wheareabouts from Red Cross officials.

The officials are, however, unable to provide necessary answers as a result of the difficulty in identifying most of the corpses that were burnt beyond recognition.

There are indications that the figure of missing persons is likely to increase as the days wear on, and as many more relations return to Lagos from the Christmas, Sallah and New Year celebrations

No less than 269 people and property worth hundreds of millions of naira perished in the fire. A Red Cross official, Mrs Abigail Adeyemi, said the register would enable the organisation to ascertain the number of missing persons and also to counsel relations of the victims.

"We are also giving information to relations on where to locate survivors and possibly identify some of the bodies at government mortuaries", she said.

A wailing elderly woman went distraught when nobody in particular could tell her the whereabouts of her three children she had come to take home.


Copyright © 2006 This Day. All rights reserved
 

July 22, 2007

Gas Prices Rise on Refineries’ Record Failures

Oil refineries across the country have been plagued by a record number of fires, power failures, leaks, spills and breakdowns this year, causing dozens of them to shut down temporarily or trim production. The disruptions are helping to drive gasoline prices to highs not seen since last summer’s records.

These mechanical breakdowns, which one analyst likened to an “invisible hurricane,” have created a bottleneck in domestic energy supplies, helping to push up gasoline prices 50 cents this year to well above $3 a gallon. A third of the country’s 150 refineries have reported disruptions to their operations since the beginning of the year, a record according to analysts.

There have been blazes at refineries in Louisiana, Texas, Indiana and California, some of them caused by lightning strikes. Plants have suffered power losses that disrupted operations; a midsize refinery in Kansas was flooded by torrential rains last month.

American refiners are running roughly 5 percent below their normal levels at this time of the year.

“You have a system that is taxed to the limit,” said Adam Robinson, an energy research analyst at Lehman Brothers. “This is what happens when spare capacity is eroded.”

After Hurricanes Katrina and Rita disrupted the nation’s energy lifeline two years ago, oil companies delayed maintenance on many of their plants to make up for lost supplies and take advantage of the high prices. But, analysts say, they are now paying a price for deferring repairs.

As a whole, refining disruptions have been considerably higher than in previous years: they averaged 1.5 million barrels a day in the first quarter, compared with 700,000 to 900,000 barrels a day from 2001 to 2005. In the days after the hurricanes, refiners were forced to briefly halt as many as five million barrels of production.

In 2006, when refiners were still reeling from the impact of the hurricanes, disruptions in the first quarter averaged 1.35 million barrels a day.

Many factors have led to the rise in gas prices, including disruptions in oil supplies from places like Nigeria and Norway. But analysts say the refining bottleneck in North America has been one of the main drivers of higher energy prices this year.

The refining crunch has pushed wholesale gasoline prices up 35 percent this year and has contributed to a 23 percent gain for crude oil prices. Oil futures in New York closed at $75.57 a barrel on Friday.

Some critics of the industry have theorized on Internet blogs that the squeeze on gasoline and other refined products points to a deliberate effort among oil companies to bolster profits by keeping supplies tight. But experts point out that the companies have little incentive right now to hold back on fuel supplies.

“Every refinery would like to run as much crude as possible but they simply can’t,” said David Greely, senior energy economist at Goldman Sachs, who in a recent report compared the drop in domestic refining with an “invisible hurricane.” “These are more complex systems. There are more chances for things to go wrong. And when things go wrong, they tend to back up the system.”

Meanwhile, refiners have been scrambling to meet a raft of environmental regulations, phase out toxic additives, add ethanol to the fuel mix and introduce new ultralow sulfur standards for gasoline and diesel. Industry insiders attribute much of the fragility of refining operations to the difficulty of making these cleaner fuels.

Refiners spent $9 billion from 2002 to 2006 to make low sulfur diesel. But producing these cleaner fuels means processing crude oil more intensely through the refining process, at higher pressures and temperatures. This, in turn, leads to more chances for glitches or breakdowns, refiners say.

“It’s a marvel we can continue to run refineries the way we do these days given the many requirements and specification changes we have,” said Charles T. Drevna, executive vice president of the refining industry’s main trade group, the National Petrochemical and Refiners Association. “There comes a time when the piper has got to be paid.”

This year’s problems have raised alarms about the safety of refining operations, especially after a deadly accident at a BP refinery in Texas two years ago that killed 15 workers. The federal Chemical Safety Board issued a highly critical report blaming a broken safety culture at BP. But the board’s chairwoman, Carolyn W. Merritt, who has spoken out about safety problems at refineries, said there was a pattern in many other refinery incidents that the board had investigated.

“There is a lack of investments in modern equipment,” Ms. Merritt said. “The overwhelming preponderance is that if you have inadequate engineering and equipment, poor process safety management, and poor staffing, you’re set up for a catastrophe.”

Ms. Merritt, who was appointed by President Bush and will retire after her five-year term ends in August, also said the Occupational Safety and Health Administration does not conduct enough inspections. “There is no enforcement,” she said.

OSHA defended its record and said it had inspected almost 500 refineries from 1994 to 2004. The agency also said it would inspect all refineries under its jurisdiction within the next two years. “OSHA inspections of refineries have proven to be effective,” the agency said.

Meanwhile, demand has been rising relentlessly, providing little respite to the nation’s aging energy infrastructure. Even as consumers complain loudly about high prices, they show no signs of scaling back. Gasoline consumption reached 9.66 million barrels a day in the first week of July, the second-highest level on record.

“The cushion that used to be available five to seven years ago for these unplanned perturbations is no longer there,” said Jeet Bindra, Chevron’s president of global refining. “When a refinery has a hiccup, there are consequences on supplies.”

Part of the problem, analysts and refiners said, stems from the hurricanes two years ago. In Louisiana and Mississippi, many refineries were flooded, and about a quarter of the nation’s refining capacity was shut for weeks.

“Since refining has become such a wonderful business, refiners have delayed maintenance,” Mr. Robinson said. “But when they do go down, they stay down for longer and they discover all sorts of problems.”

In late March, for example, a fire at a large compressor at a BP refinery in Whiting, Ind., caused a hydrogen-treating unit that removes sulfur from some oil products to shut. That meant BP had to turn off a crude oil unit for early maintenance. Two weeks later, a brief power disruption damaged another distillation tower. And in July, a third crude oil tower was shut briefly so operators could fix a small leak. Since the first incident, the 405,000 barrels-a-day refinery has been running at about half its capacity.

Not all refining disruptions are the result of similar incidents. Refineries typically schedule yearly maintenance that sometimes requires them to halt production entirely. But even these long-scheduled shutdowns can now take longer to complete.

No refineries have been built in the United States in over three decades, because refiners say they are too costly. Instead, they have been expanding their existing refineries.

All this is happening as the industry goes through another golden age. After 20 years in the doldrums, the refining business has never been so good for oil companies. Refining margins — the difference between the price of crude oil and the value of refined gasoline made from it — have shot up as much as $25 a barrel for some types of crude oil, compared with about $5 a barrel just a few years ago.

But with a third summer of high gasoline prices, lawmakers are debating legislation they claim would punish oil companies for exploiting the tight supply situation and engaging in “price gouging.” At the same time, they are pressing refiners to produce more fuel.

“Refiners want to keep running in today’s economic environment,” said Mr. Drevna of the refiners association. “But when they shut down they are accused of gouging the system. When they don’t, they are criticized for overrunning their facilities.”

 

Blast hits Gary-Williams refinery

Fri May 12, 2006

HOUSTON (Reuters) - An explosion rocked the 53,000 barrel per day (bpd) Gary-Williams Energy Corp. refinery in Wynnewood, Oklahoma, on Friday afternoon, the company said.

No deaths or injuries were reported because of the explosion, according to a Wynnewood Fire Department spokeswoman. There were no indications of sabotage on Friday afternoon.

The explosion occurred in an alkylation unit at the refinery at about 2 p.m. CDT (1 p.m. EDT), said Sally Allen, vice president of administration and governmental affairs.

A source at the refinery had said the explosion took place in the 21,000 bpd catalytic cracking unit at the refinery. An alkylation unit is usually connected to a catalytic cracking unit at a refinery.

Allen said she did not if all operations at the refinery were halted due to the explosion and fire.

Firefighters from five towns near Wynnewood were still battling the blaze two hours after the blast, the fire department spokeswoman said.

An alkylation unit takes by-products produced by a cat cracker changes them into octane-enhancing components that can be added to gasoline.

The refinery in Wynnewood, 67 miles south of Oklahoma City, is operated by Wynnewood Refining Co., a subsidiary of privately held Gary-Williams. The refinery produces gasoline, diesel fuel, military jet fuel, solvents and asphalt, according the Gary-Williams Web site.

In October, Gary-Williams announced it planned to boost the refinery's production to 70,000 bpd by mid-2007. Including in the upgrade to boost the refinery's capacity were modifications to meet ultra-low sulfur diesel rules taking effect in June.

New Details on Explosion at Wynnewood Oil Refinery
Posted: May 12, 2006 08:21 PM PDT

New details on the explosion that occured at a Wynnewood oil refining company today. KTEN's Andrea Kurys was at the scene in Garvin County earlier this afternoon.

Officials on the scene were not letting any traffic through the small town of Wynnewood. Firefighters told KTEN that they were doing house-to-house evacuations of the immediate area near the fire. Residents east of the refinery and south of Oklahoma 29 make up about half the town's population of 2500 people.

Early reports indicate an alkaline unit exploded at the Gary Williams Energy Corporation. Thick black smoke could be seen from miles away, and officials shut down highways leading into the town.

Cecil Cash lives in Joy,Oklahoma just 2 and a half miles from where the explosion occured. He waited 10 minutes, and then tried to find an alternative route to get home. Cash said, "I live in the general area here and I understand there's been an explosion at the Williams Refinery and they've got everything blocked off to a one mile radius."

 Trains on the railroad through the town were also on hold. Firefighters from all over the area raced to burn off extra fuel in the lines to prevent the spreading of the fire. There have been no injuries confirmed at this time. At the gary williams energy corporation, they produce unleaded, premium and diesel fuels.

Andrea Kurys, KTEN News

 


Some 200 reported dead in Nigeria blast

A gas pipeline exploded in Nigeria as villagers collected fuel from the ruptured conduit, killing between 150 and 200 people and leaving charred bodies scattered around the blast site.

Dozens of burned corpses could be seen lying on the ground at the waterside village of Ilado, about 45 kilometers east of Lagos, Nigeria's main city, and police said dozens had perished in the flames.

"Between 150 and 200 people died," Lagos Police Commissioner Emmanuel Adebayo told reporters. Rescue workers dug a ditch near the exploded pipeline and Adebayo said the bodies would be buried in a common grave.

"They are going to be given a mass burial," Adebayo said.

The impoverished people of Africa's oil giant often tap into pipelines, seeking fuel for cooking or resale on the black market. The highly volatile petroleum can ignite, incinerating those collecting it.

In September 2004, an oil pipeline exploded near Lagos as thieves tried to siphon oil from it, with up to 50 people perishing in the flames. A 1998 pipeline blast killed over 1,000 in southern Nigeria.

Most of Nigeria's oil is pumped in the southern Niger Delta region, far from Lagos. Pipes carry the crude to refineries across the vast nation.

Nigeria, which normally pumps 2.5 million barrels of crude per day, is Africa's largest producer and the fifth-largest source of imports to the United States.

 
Oil Pipeline Bursts Into Flames Near Lagos, NNPC Says 

May 12. 2006  (Bloomberg) -- An oil pipeline near Lagos, Nigeria's most populous city, burst into flames today and killed at least 100 people, Red Cross and Nigerian officials said.

A pipeline carrying refined products caught fire at Inagbe Creek outside of Lagos, said Nigerian Red Cross Secretary General Abiodun Orebiyi, who visited the site. The cause of the explosion is unknown, he said. The pipeline was already vandalized and was being tapped by villagers, he said.

``Very many people were there trying to scoop the fuel for money,'' Orebiyi said in an interview from Lagos. ``It has happened over and over again. Nobody could say what actually happened. Maybe it was caused by the clashing of metals by people trying to take fuel from the vandalized pipe.''

Levi Ajuonuma, a spokesman for the Nigerian National Petroleum Corp., which operates the pipeline that carries refined petroleum to Lagos, a city of more than 10 million, confirmed the explosion. Ajuonuma declined to provide details, saying his agency would issue a statement later today.

Jomo Gbomo, a spokesman for the Movement for the Emancipation of the Niger delta, denied involvement in the explosion. MEND's attacks on pipelines and an export terminal run by the Nigerian venture of Royal Dutch Shell Plc earlier this year halted output of as much as 631,000 barrels of oil a day, more than a quarter of Nigeria's production.

``All this works to our advantage in some ways,'' Gbomo said in an e-mail to Bloomberg. ``We wouldn't want to kill so many innocents in any attack,'' he said. ``I'm not a part of it.''

The explosion comes a day after three foreign oil workers were kidnapped in the southeastern city of Port Harcourt. The workers, one of whom was an Italian, were released today, the Italian Foreign Ministry said. On May 10, an American employee of oil-services company Baker Hughes Inc. was killed in a drive- by shooting.

``It's a hell of a week,'' said Antony Goldman, an analyst at London-based Clearwater Research. ``It shows the full range of challenges that are presently facing the oil sector at time when the politics in Nigeria is already volatile.''

To contact the reporter on this story:
Julie Ziegler in Lagos at  jziegler@bloomberg.net
Last Updated: May 12, 2006 10:52 EDT
Click Here

Nigeria pipeline blast kills up to 200 -police

Fri May 12, 2006 

By Tom Ashby

INAGBE BEACH (Reuters) - A pipeline explosion killed up to 200 people on the outskirts of Nigeria's biggest city Lagos on Friday, police said.

The Red Cross said the pipeline blew up while vandals were tapping into it to steal petrol, igniting about 500 nearby jerrycans full of fuel. Theft of fuel or crude oil from pipelines is common in Nigeria.

"You can see the corpses. Some are burnt to ash. Others are remnants. ... We estimate 150 to 200 people died," Lagos State Police Commissioner Emmanuel Adebayo said at the scene.

Up to 50 charred, unrecognisable corpses were huddled close to the pipeline, which had been dug out of the sand and bore visible marks of drilling in several places.

The pipeline, which belongs to state company Nigerian National Petroleum Corporation (NNPC), runs just under the surface of Inagbe Beach, a stretch of golden sand on one of many islands that dot the Lagos lagoon.

About a dozen police and a few Red Cross officials were at the scene. Most of the bodies were close to the pipeline but a few were floating in the sea. Inagbe Beach is not a populated area but people apparently came there to tap into the pipeline.

A dilapidated port city home to an estimated 13 million people, Lagos has been hit before by devastating explosions. A blast at a munitions dump in 2002 killed more than 1,000 people.

(Additional reporting by Tume Ahemba)

 
Chevron Earnings Soar 49 Percent to $4 Billion
    By Michael Liedtke
    The Associated Press

    Friday 28 April 2006

    San Ramon, Calif. - Chevron Corp.'s first-quarter profit soared 49 percent to $4 billion, joining the procession of U.S. oil companies to report colossal earnings as lawmakers consider ways to pacify motorists agitated about rising gas prices.

    The San Ramon, Calif.-based company's net income, reported Friday, translated into $1.80 per share, two cents above the average estimate among analysts polled by Thomson Financial. It compared to a profit of $2.7 billion, or $1.28 per share, in the same January-March period last year.

    Revenue totaled $54.6 billion, a 31 percent increase from $41.6 billion last year.

    If not for continuing production problems caused by Hurricanes Katrina and Rita last summer, Chevron said it would have made an additional $300 million - an amount that would have generated the highest quarterly profit in the company's 127-year history.

    As it was, the performance marked the fourth consecutive quarter that Chevron has earned at least $3.6 billion as the company continued to capitalize on oil prices that have climbed above $70 per barrel since the first quarter ended.

    The run-up recently has pushed gasoline prices above $3 per gallon, much to the frustration of consumers and politicians looking to win votes in an election year.

    Chevron released its results after two of its biggest rivals, ConocoPhillips and Exxon Mobil Corp., already provoked public outrage with similarly large first-quarter profits. Combined, the three oil companies earned $15.7 billion during the three months of the year.

 


    Go to Original

    Profits, Prices Spur Oil Outrage
    By Steven Mufson and Shailagh Murray
    The Washington Post

    Friday 28 April 2006

Exxon Mobil posts first-quarter rise.

    Exxon Mobil Corp. reported $8.4 billion in first-quarter profit yesterday, as members of Congress outraged over high gasoline prices hastened to propose measures that would boost taxes on oil firms, open new areas to drilling and provide rebates to taxpayers but would not necessarily alter prices at the pumps.

    The earnings outstripped the oil giant's profit in the first quarter of last year. Given current oil market conditions, analysts said, that puts Exxon Mobil on track to break the $36 billion record profit it made last year.

    Meanwhile, President Bush sought to show that he was responding to calls for action in the face of rising gasoline prices. While visiting a gasoline station in Biloxi, Miss., Bush renewed his call for Congress to give him the authority to "raise" mileage standards for all passenger cars. White House officials said later, however, that they didn't know when or how the president would use that authority.

    Congress has the authority to approve changes in mileage standards for passenger cars, and the executive branch can set them for light trucks without approval from Congress. But neither Congress nor the administration has shown much interest in raising passenger car standards, which were set in the 1970s and haven't changed since 1985. In March, the Bush administration said it would raise average fuel economy standards by 1.9 miles a gallon for sport-utility vehicles, pickups and vans for models in 2008 through 2011, a long-awaited move that environmentalists said was too modest.

    In Congress, anger over gasoline prices brought action in the Senate to a screeching halt yesterday, with Democrats interrupting debate over an emergency military spending bill to protest a key oil company subsidy. In a highly unusual move, Sen. Ron Wyden (D-Ore.) waged a solo filibuster on the Senate floor in an attempt to force a vote on a provision that would halt support for what Wyden said were about $35 billion for oil and gas companies. "This is the big one, folks, in terms of energy subsidies," Wyden said during the five-hour standoff. "This is the one where there is no logical case ... when oil is $70 per barrel."

    Various committees and individual lawmakers scrambled to offer relief to consumers, punish suppliers and promote favorite energy-related provisions, most of them offering little or no immediate relief at the gas station pumps.

    Senate GOP leaders rolled out a fat package of energy measures, including a $100 rebate to most taxpayers, and reaffirmed authority for state and federal officials to fight price gouging. The proposal also would allow drilling in the Arctic National Wildlife Refuge in Alaska; Democrats called the controversial idea a deal-killer for the rest of the package.

    Democrats unveiled their own ideas, including various windfall-profit rebates, a temporary suspension of the federal gas tax and alternative energy investments.

    For all the criticism from Congress, Exxon Mobil's earnings fell slightly short of analysts' expectations, and company shares fell 68 cents to close at $62.42 a share.

    In an attempt to simultaneously impress investors and calm politicians, Exxon Mobil spokesman Ken Cohen stressed that compared with the year-earlier quarter, the company had increased its worldwide oil and gas production by 5 percent, boosted capital spending by 41 percent and paid worldwide taxes that amounted to a 46 percent rate.

    But analysts, while impressed by the production numbers, noted that much of the increase in capital spending came from sharply rising costs for oil services and that the high tax rates were a result of high crude oil prices. In many countries, sliding-scale tax rates rise as prices do; Norway taxes some portion of output at rates as high as 70 percent, and Libya's effective tax rates can go as high as 90 percent, analysts said.

    Exxon also said it spent $5 billion buying back its own shares, more than the $4.1 billion spent on exploration and production. The company said it expected to spend $6 billion repurchasing its own shares in each of the remaining quarters this year.

    Wall Street analysts discounted the likelihood of congressional action against oil companies. "As someone in the industry for more than 25 years, I've seen it before," said Fadel Gheit, an oil company analyst at Oppenheimer & Co. "Penalizing oil companies does not lower prices at the pump. If we have a windfall profits tax, it will just create another moneybag for the government. It will not increase oil production by one barrel. It will not lower gasoline prices by one cent or alter our dependence on OPEC countries."

    Federal Reserve Chairman Ben S. Bernanke also cautioned Congress on the various proposals being floated. In response to a question at a hearing of the Joint Economic Committee, Bernanke said, "Unfortunately, after many years of not really doing as much as we should on the energy front, this situation has arisen. And I don't see any way to make a marked impact on it in the very short run."

    Bernanke said a windfall profits tax would reduce incentives for companies. "What we need to do," he said, "is think about whether there are actions we can take that over at least a number of years will put us on a more secure footing."

    And he added, "I would like to let the market system work as much as possible to generate new supplies, both of oil but also of alternatives, and for the prices, painful as they may be, to help generate more conservation and alternative uses of energy on the demand side."

    While many of the proposals in Congress are familiar, costly and unlikely to be enacted, bipartisan political pressure for action could result in tougher scrutiny and possible sanctions against the oil industry - until recently one of the closest allies of the Bush administration and the Republican-led Congress

    The Senate Finance Committee, for instance, requested federal income tax returns for the past five years from the 15 largest oil and gas companies, based on sales, in what could amount to a congressional audit. "We're seeing record profits and significant executive compensation in the oil and gas industry," said Finance Committee Chairman Charles E. Grassley (R-Iowa). "I want to make sure the oil companies aren't taking a speed pass by the tax man."

    The Senate Judiciary Committee unanimously voted to allow the Justice Department to prosecute countries that belong to the Organization of Petroleum Exporting Countries for price fixing in violation of U.S. antitrust laws. "What you have today is an oligopoly, effectively, and I think it's a disaster for the American people," said Sen. Dianne Feinstein (D-Calif.), a member of the panel.

    Judiciary Committee Chairman Arlen Specter (R-Pa.) said GOP leaders had assured him they were eager to push the legislation to the floor, pointing out the political pressure - including a series of Democratic news conferences held in recent days at Capitol area gas stations.

 

1605 Longworth House Office Building
Washington, DC 20515
Phone: 202.225.6565
Fax: 202.225.5547

UNRECOVERED GOLD IN THE GULF -- (House of Representatives - October 18, 2005)

Mr. Speaker, down in the depths of the warm waters of the Gulf of Mexico lies some old Spanish galleon with unrecovered gold, but there is another type of gold in the bottom of the Gulf of Mexico, black gold. We call it crude oil. There is also white gold there as well. We call it natural gas.

These natural gold reserves are energy for today's Americans and we need to drill for these gold reserves. According to the Department of Energy, families across the United States will experience winter heating bills that will be up to 50 percent higher for those who heat with natural gas. This alarming data is yet another reason for us to open up the Outer Continental Shelf and begin drilling for more natural gas and oil off our own coastlines.

The so-called global warming will not keep Americans warm this winter. We have got to become more self-sufficient when it comes to energy, natural gas and crude oil. It borders on the absurd to continue to be held hostage by foreign countries and foreign oil and ignore the billions of barrels that have yet to be drilled off the United States coastline.

Mr. Speaker, I have introduced H.R. 3811 to help relieve our energy woes and help stop U.S. dependence on foreign oil. This legislation will allow for safe oil and natural gas exploration along the Outer Continental Shelf. This bill would do away with all the moratoriums and executive orders that limit leasing activities while maintaining environmental.

Right now 90 percent of our coastline is off limits to drilling because the Federal Government prohibits it. In this chart, Mr. Speaker, I show the three places off the coast of Texas, Louisiana and Mississippi where we drill. All the red here, these are sacred places where we cannot drill for oil. Maybe Texas, Louisiana and Mississippi ought to join OPEC.

In any event, Mr. Speaker, we have got to drill off these other areas because there is oil and there is natural gas in these areas off our Outer Continental Shelf.

It is a myth, Mr. Speaker, that we cannot drill offshore safely. The best experts in the world are from the United States and they know how to drill safely. It is a myth perpetrated on the American people by environmental extremists. No one wants polluted waters. I certainly do not, but we can have both safe drilling and environmentally correct drilling as well.

Let us look at some of the facts, Mr. Speaker. This chart shows pollution from oil, crude oil. Most of the pollution that is in our oceans comes from nature itself, from seepage on the bottom of the ocean. About 63 percent comes from nature; 32 percent comes from jet skis and oil runoff from American soil; 3 percent comes from those tankers that are bringing crude oil in from the Middle East; and way down here 2 percent of the pollution of crude oil comes from offshore drilling. It is a myth to think that we cannot drill offshore in a correct, an environmentally correct way.

The National Academy For Sciences has furnished this information. The American public needs to know the truth about offshore drilling. If coastlines like Florida are worried about the environmental threats, maybe they should stop people from using jet skis and boating because more than a quarter of the spills come from just that. But maybe we should do some research.

According to the Department of Interior, since 1985 more than 7 billion barrels of oil were produced in Federal offshore waters, with less than .001 percent spilled. That is a 99.99 percent record for clean operations. My Jeep leaks more oil than this.

Katrina and Rita hit the coastline very hard, Mr. Speaker. There were high winds, billions of dollars in damages, refineries were closed, but we did not hear anything about oil spills from offshore rigs that were damaged. Why? Because it cannot occur. Even those violent ladies of the gulf could not get a good oil spill to happen.

People in these coastal States want cheap gasoline. They want natural gas, but they say do not drill off our coastlines. Mr. Speaker, this is hypocritical and it violates common sense. Plus, leasing these reserves will bring money to the United States Treasury and to State governments.

If Americans expect to continue driving and heating their homes at low prices, we must begin safe drilling in other places besides the gulf. Economies on the coast rely heavily on tourism and they voice concerns about the so-called environmental impact. Mr. Speaker, if fuel costs continue to rise, the planes and automobiles will be used less and these tourists will never show up at these coastal places. It seems like the consequences of higher gas prices could have a worse impact than an innocent oil rig that is 100 miles off the coast.

Around the world nearly every other major country with oil and gas reserves is promoting investment and developing their offshore capacity. They even drill in the North Sea, the roughest waters in the world, and they do so safely.

Mr. Speaker, we need to continue to explore the Outer Continental Shelf or we will suffer the consequences. Someone has said we will freeze in the dark and end up riding bicycles if we do not use common sense. Mr. Speaker, that is just the way it is.

FROM: http://www.house.gov/poe/remarks/Oct05/gulfoil10-18.htm

 

The Associated Press / WASHINGTON

By BRAD FOSS
AP Business Writer

Oil prices settle above $72 a barrel 

APR. 19 5:31 P.M. ET
 

Oil prices leapt above $72 a barrel Wednesday, settling at a record high for the third straight day, after a government report showed shrinking U.S. gasoline supplies and traders fretted about nuclear tensions between Iran and the international community

Press /CATION> WASHINGTONOCATION>

By BRAD FOSS
AP Business Writer

Oil prices settle above $72.00

Oil prices leapt above $72 a barrel Wednesday, settling at a record high for the third straight day, after a government report showed shrinking U.S. gasoline supplies and traders fretted about nuclear tensions between Iran and the international community.

Supply constraints in Iraq, Nigeria and the Gulf of Mexico are also pushing oil prices higher, and analysts are predicting more pain at the pump this summer for motorists, who so far appear to be only lightly tapping the brakes on demand.

Light sweet crude for May delivery climbed as high as $72.40 a barrel, before settling at $72.17 on the New York Mercantile Exchange, an increase of 82 cents from the previous day. The contract had risen as high as $71.60 on Tuesday  

Oil futures contracts through July 2009 are now trading above $70 a barrel. "In effect, the market is saying this is going to be with us for a while," said A.G. Edwards & Sons commodity analyst Bill O'Grady.

In its weekly report, the U.S. Energy Department said the nation's supply of gasoline shrank by a larger-than-expected 5.4 million barrels last week to 202.5 million barrels. It was the seventh straight weekly decline, leaving inventories 4.6 percent below year ago levels. 

Gasoline inventories typically decrease this time of year as refiners shut down  their plants to perform maintenance ahead of the summer driving season. And oil traders typically point to the decreases as reason for concern about summertime supplies, a routine that, more often than not, sends futures prices higher.

That said, there is additional worry about summer gasoline supplies because of the prospect of tight supplies of ethanol, which is needed in increasing amounts as refiners phase out their use of methyl tertiary butyl ether, or MTBE, which has been found to contaminate drinking water.

Oil analyst John Kilduff of Fimat USA in New York said there would be a "painful runup" in gasoline prices as summer approaches, and he said oil prices could rise as high as $80 a barrel by the end of June. Purchased today, crude for June delivery costs $74 a barrel.

However, in a sign that consumers may be responding to higher prices, the Energy Department report also showed that average daily gasoline demand since the start of the year is up 0.9 percent, compared with an increase of 1.4 percent during the same period in 2005.

And the chief financial officer of Wal-Mart Stores Inc., the world's largest retailer, warned Wednesday that the company's lower income customers were likely to curtail discretionary spending this year because of higher fuel costs.

Nymex gasoline futures rose 1.55 cent to settle at $2.2394 per gallon on Wednesday and they are more than 40 percent higher than a year ago.

The average retail price of gasoline nationwide is $2.80 a gallon, though stations are charging more than $3 a gallon in many parts of the country.

The biggest factor underpinning higher gasoline prices is the roughly 38 percent rise in crude oil costs over the past year. On an inflation-adjusted basis, oil prices would have to rise above $90 to exceed the all-time highs set a quarter century ago when supplies became tight in the aftermath of a revolution in Iran and a war between Iraq and Iran.

Analysts said the market psychology would likely remain bullish until there is either a significant dropoff in demand or resolution to a variety of geopolitical uncertainties, particularly the West's nuclear dispute with Iran and output disruptions in Nigeria.

"The worries of Iran won't go away any time soon, and in that sort of environment very few people are willing to be short on oil," said Tobin Gorey, a commodities analyst with the Commonwealth Bank of Australia in Sydney.

Traders are anxious that U.S.-led efforts to stop Iran, OPEC's second-largest member, from pursuing a suspected nuclear weapons program could lead to a disruption in Persian Gulf supplies.

Diplomats said Wednesday that the United States may turn to the U.N. nuclear watchdog agency to exert more pressure on Iran out of frustration with Russian and Chinese opposition to firm Security Council action. On Tuesday, President Bush said he would continue to focus on diplomacy but that "all options are on the table" to prevent Iran from developing atomic weapons.

Fanning the flames of a red-hot oil market, President Mahmoud  Ahmadinejad said Wednesday that record crude oil prices were still below their "real value," though he stopped short of saying Iran would use its vast resource as a weapon.

Oppenheimer & Co. oil analyst Fadel Gheit said he did not believe Iran was likely to cut off its oil supply to snub the West because it is the lifeling of the country's economy.

In other Nymex trading, heating oil futures rose 1.15 cent to close at $2.0623 a gallon, while natural gas futures rose 18.4 cents to close at $8.192 per 1,000 cubic feet.

At London's ICE Futures exchange, June Brent crude surged $1.22 to settle at $73.73 a barrel.

 

CHEVRON FUEL DEPOT EXPLOSION  

A fire is continuing to blaze at a fuel depot in Hertfordshire after a series of large explosions sent black smoke drifting across south-east England.

12-11-05

Deputy Prime Minister John Prescott is to visit the scene of the blasts which injured 43 people, two seriously.   The incident at the Buncefield fuel depot near Hemel Hempstead, after 0600 GMT, was said to be the largest of its kind in peacetime Europe.   The fire, which police believe was an accident, could burn for another day. About 2,000 people living near the site have been evacuated, while police have advised others to keep their windows and doors closed because of fumes.

Thick clouds of smoke are spreading to the south-east and south-west of the site.   One person is in Watford General Hospital in intensive care with respiratory problems. Another person is in Hemel Hempstead Hospital being kept under observation.   The other 41 people were treated for minor injuries and discharged.   Witnesses said another two explosions followed the first at 0626 GMT and 0627 GMT at the site near junction 8 of the M1.   Further explosions In total, 20 petrol tanks were involved in the fire, each said to hold three million gallons of fuel.   Hertfordshire Police Chief Constable Frank Whiteley told a press conference: "There is still a possibility there could be further explosions."  

A police investigation into the incident has begun, including investigations by anti-terrorist police.   But Chief Con Whiteley said there was "nothing to suggest anything other than an accident".   A Hertfordshire fire service spokesman said: "This is possibly the largest incidence of its kind in peacetime Europe."   Samples of the smoke are being taken to determine the long term effects of exposure, if any, according to Dr Jane Halpin, director of Hertfordshire Public Health.   She said: "However, what I would restate is that those people who are most at risk are those people who have inhaled the smoke."   Mr Prescott is on his way to the scene of the blast having earlier visited Hertfordshire police headquarters.   Tanker driver Paul Turner said he ran for his life after the explosion lifted him off his feet.   "I just saw this great big ball of fire come up from behind the building. It was about 50 metres wide," he told the BBC.   "Then there was the loudest explosion I have ever heard in my life. I got up, turned around and ran to my car and sped out of there as fast as I could."   Many houses have been damaged, with some reporting feeling effects from the explosion as far away as Oxfordshire - while it was heard in a number of counties and even France and the Netherlands.   School closures Eye witnesses reported buckled front doors, cracked walls and blown-out windows. The M1 has been closed both ways between junctions 6a and 12 and may remain shut on Monday.   Schools in and around Hemel Hempstead are likely to be closed on Monday, said police. 


We heard an explosion and the whole house shook

Anil Taank, Northwood, Middlesex

The M10 motorway is closed in both directions between junction 1 and junction 7 as well as some arterial roads in Hemel Hempstead.   Motorists have been told not to go "anywhere near the M1 from the M25 upwards".   At Heathrow airport some flights were forced to delay landing because of smoke, but Luton airport was operating as usual.   The Buncefield depot is a major distribution terminal operated by Total and part-owned by Texaco, storing oil, petrol as well as kerosene which supplies airports across the region, including Heathrow and Luton.   The country's fifth largest fuel distribution depot, it is also used by BP, Shell and British Pipeline.   Police said there was no indication the explosion would cause fuel shortages and warned against panic-buying.   A spokesman for Total said: "We are doing everything we can to support the emergency services and to bring the situation under control."   A spokesman for the Department for Trade and Industry said it was too early to say what the effect would be on fuel supply but oil companies were getting oil from other parts of the south east and across the UK.   "We understand that the oil industry is meeting this afternoon to determine how the supply of petroleum products can be augmented from other distribution terminals," he said.   Shadow trade and industry secretary Alan Duncan, a former oil trader, said the oil industry had a first class safety record.   "This dramatic explosion will need a serious inquiry and a proper study of its implications," he said.   A spokesman for the Health and Safety Executive said it would be investigating the incident.   Concerned relatives can call a police casualty bureau on 0800 096 0095, or from abroad on 0207 1580125.

http://news.bbc.co.uk/1/hi/uk/4517962.stm


Total, Chevron Oil Depot Explodes North of London (Update3)

Dec. 11. 2005 (Bloomberg) -- The U.K.'s fifth-largest oil depot, a facility owned by Total SA and Chevron Corp., exploded north of London, injuring 39 people and sending a pall of smoke across southeast England. Police said the blasts were accidental.

The first blast occurred just after 6 a.m. local time at the Buncefield depot near the town of Hemel Hempstead about 20 miles outside of London, where afternoon television broadcasts showed fires still raging. Two of the people injured were ``seriously'' hurt, Howard Borkett-Jones, medical director of West Hertfordshire Hospitals Trust, said at a televised briefing.

``All indications at this stage are that this was an accident,'' police Chief Constable Frank Whiteley told a press conference. ``There is nothing to suggest that there will be a fuel shortage.''

Buncefield receives gasoline, diesel and other fuels from Total's Lindsey plant about 150 miles away in North Lincolnshire, the nation's fourth-biggest oil refinery. On a normal day a tanker-truck is filled every four minutes at the depot, which also supplies jet fuel by pipeline to Heathrow, Europe's busiest airport.

Downwind from the fire in London, a black haze drifted in the afternoon sky. Within five hours of the explosion, police said the blaze was under control. More blasts at the depot were expected later in the day, and police advised people living nearby to stay indoors to avoid the smoke.

Panic Buying

Police reported ``panic buying'' of fuel at gas stations in Hertfordshire. Total, Europe's biggest oil refiner, said the explosions won't cause a fuel shortage.

``There is no need to panic,'' said Leslie Else, a spokeswoman at Total's office in Watford, England. ``The U.K. has sufficient infrastructure to cope with this situation.''

Total officials couldn't immediately say if the refinery that supplies the terminal is still operating or if Total will be able to meet its commitments to deliver fuels.

British Airways Plc, the largest carrier at Heathrow, said it has enough fuel supplies to keep operations running. Heathrow also gets jet fuel from the biggest U.K. refinery, Exxon Mobil Corp.'s Fawley plant on the southern coast.

``There's no immediate impact at the moment, there's plenty of fuel,'' said Gwen Jones, a spokeswoman for British Airways. ``We have contingency plans in place if we need them.''

Police closed part of the M1 motorway, the main road between London and northern England.

Windows Blown Out

The depot is 60 percent-owned by Paris-based Total, and Chevron's Texaco Inc. has the rest. It handled 2.37 million metric tons of fuel in 2002, Total said. About 400 road tankers use the depot each day.

Alex Yelland, a spokesman for Texaco, said the company has offered its assistance to Total.

The site is also used by Royal Dutch Shell Plc and BP Plc, according to the British Broadcasting Corp. BP spokesman Roddy Kennedy said windows had been blown out at a BP facility nearby, though no other damage was reported.

Shell spokeswoman Bernadette Cunnane said the company was still ``assessing the situation.''

To contact the reporter on this story:
Simon Casey in London at  scasey4@bloomberg.net.
Last Updated: December 11, 2005 10:46 EST

Deadly Explosion Rocks BP Texas Refinery
Wed Mar 23, 2005 06:13 PM ET
TEXAS CITY, Texas (Reuters) - An explosion rocked BP's massive refining complex in Texas City, Texas, on Wednesday, causing multiple deaths and extensive damage, the company said.

BP confirmed that the blast had caused deaths at the nation's third largest refinery but could not say how many had been killed. News reports said at least four people died.

{Note: 14 dead and 100 injured reported}

"It's a sad day for BP," Don Parus, site director at the refinery, told a press conference. "I have to report to you, regretfully and with shock, that there have been fatalities."

The blast shook buildings and broke windows miles away and sent a huge plume of black smoke billowing into the sky near the city of Galveston. About 90 workers and local residents had been admitted to nearby hospitals, several in critical condition.

The company said it did not suspect a terrorist attack was behind the blast, which caused several scattered fires at the plant that took firefighters about two hours to extinguish.

{Note: Cause is said to be unknown at this point. It occurred in the section where additives were put into the gasoline to improve mileage.}

An FBI spokesman said the agency would investigate the incident as a matter of course, but had no reason to suspect any suspicious activity.

The explosion took place on the western side of the sprawling 1,200-acre complex at about 1:20 p.m local time (1920 GMT) in one of the units used to make high-grade fuels. Company officials said the cause was not immediately known.

Television reports showed workers carrying out the injured on stretchers amid piles of twisted metal and rubble. Extreme heat from the fire caused several cars and trucks parked on the site to explode.

"It shook everything," Rose Martin, who works near the refinery, told a local television station. "As soon as I walked out the door (to see it), it was nothing but fire and black smoke."

The BP refinery has a throughput of 470,000 barrels per day. The company said damage had been limited to an isomerization unit, and that other parts of the refinery remained in operation.

News of the refinery explosion sent gasoline futures prices on the New York Mercantile Exchange to all-time peaks over $1.60 a gallon in electronic trade and boosted cash prices in the Gulf Coast region.

The explosion comes almost one year to the day after another blast and fire rocked the refinery and chemical complex. On March 30, 2004, a large explosion and fire occurred in a gasoline-making unit but there were no injuries.  

That 2004 accident resulted in citations for 14 alleged violations from the Occupational Safety and Health Administration.

BP took over the plant, which first began operations in 1934, when it bought U.S. company Amoco in 1999.

Texas City Mayor Pro-tem Mike Land said a "shelter in place" advisory had been issued, then withdrawn for nearby residents of the plant.

"This is the lifeblood of our community and this is a horrible disaster," Land said.

BP's U.S.-listed shares closed down 2.4 percent, or $1.51, at $62.01 per share on the New York Stock Exchange.

In April 1947, Texas City was the site of one of the worst-ever industrial accidents in the United States when a ship full of fertilizer component ammonium nitrate blew up, killing as many as 800 and injuring an estimated 5,000.

Reuters

March 23, 2005, 5:20PM

Background on the BP-Amoco plant in Texas City

Associated Press
RESOURCES
BP-Amoco: Texas City plant Web site.
Gasoline resources: A prolonged shutdown of the plant could affect gas prices.
Emissions events: In Galveston County March 9-23, 2005.

TCEQ air monitors:
Nessler Pool A-100: 17th at 5th, Texas City
34th Street: 2212 34th St., Texas City
Ball Park: 2516 1/2 Texas Ave., Texas City
BP-Amoco's Texas City plant is a 1,200-acre spread with 30 refinery units. The plant processes 433,000 barrels of crude oil a day. One of five BP refineries in North America, produces 30 percent of BP's North American gas supply and 3 percent of the U.S. supply.

The refinery employs about 1,800 people, but spokesman Bill Stephens said he didn't know how many were unaccounted for.

In March 2004 there was a blast and fire at a BP refinery in Texas City, about 35 miles southeast of Houston. That explosion forced the evacuation of the plant for several hours, but no one was injured.

The Occupational Safety and Health Administration fined the refinery $63,000 in that blast after finding what it called serious safety violations, including problems with the emergency shutdown system and employee training. OSHA also fined the refinery this month for safety violations after two employees were burned to death by superheated water in September.

It was not immediately clear how production at the plant would be affected, but  traders said any prolonged shut down that affected gasoline output could keep the market on edge heading into the summer driving season.

For now, the country has an ample supply of gasoline, analysts said. They cited the latest U.S. Energy Department report, which showed inventories of gasoline 8 percent higher than a year ago despite a decline of 4.1 million barrels last week to 217.3 million barrels.


About 31,000 people live within a three-mile radius of the refinery, according to Census data.
Texas City is also the site of the worst industrial accident in U.S. history. In 1947, a fire aboard a ship at the Texas City docks triggered a massive explosion that killed 576 people and left fires burning in the city for days.

 

Oil Pipeline Explosion - al-Barjisiya, Iraq
8-26-04

Oil workers watch flames and a large plume of smoke rise after an attack on an oil pipeline in al-Barjisiya, 18 miles southwest of Basra, Iraq.
ISSUE DATE LOCATION ATTACK
TYPE
TARGET INTEL
SOURCE
ATTACK
PROBABILITY
August 20 Texas oil refineries; natural gas storage facilities time delayed explosive charges strategic petroleum reserves forums, military and prisoner interrogation In progress
COMMENT: America's Oil Industry under siege: With oil at $50/barrel and the continual upward projection of $70-120/barrel, America is under siege even now. Those who stand to benefit the most from bringing America to a standstill are incredibly well-financed and very savvy in the world of international oil production. The on-going events in Texas should be taken as further warnings to gas stations throughout the U.S. The FBI has finally admitted that intel exists pointing out gas stations as being at risk for simultaneous detonations. The majority of true terrorist attacks are taking place right before our eyes as the economy of the U.S. continues to be attacked. I expect we will see increasing refineries, pipelines, and natural gas storage facilities having "anomalous events" as this attack progresses to culmination — the entire shutdown of all air transportation, vehicle and truck traffic. America is going to be brought to a standstill.
* NOTE: Attack Probabilities are rated Threat Specific, High, Extremely High or In Progress
WARNING FROM STEVE QUAYLE
http://www.stevequayle.com/index1.html


 

 
 


Iraq Pipeline Watch


.  

.  

.  

. Attacks on Iraqi pipelines, oil installations, and oil personnel:

2003
1. June 12 — attack along the 600 mile (960km) pipeline that carries crude oil from Iraq's northern fields near Kirkuk to Turkey's port of Ceyhan on the Mediterranean Sea
2. June 19 — explosion in Bayji refinery complex about 125 miles (200km) north of Baghdad
3. June 22 — explosion in natural gas line near Hit, a city about 95 miles (152 km) northwest of Baghdad
4. June 23 - gas pipeline explosion outside the town of Abidiyah Gaarbiga, near the Syrian border in western Iraq
5. June 24 — explosion near Barwanah pipeline carries crude to al-Dawrah refinery in Baghdad
6. June 26 — explosion near Al-Fatha near the River Tigris
7. July 29 — attack on pipeline near Basra
8. July 31 - saboteurs blew up part of a pipeline near Bayji
9. August 12 — attack near al-Taji near Baghdad
10. August 15 - explosion near Bayji
11. August 16 - explosion near Bayji
12. September 8 — attack on pipeline from the Jabour oil field 20 miles (32 km) southeast of Kirkuk to the main pipeline that originates there
13. September 18 - attack on pipeline from Kirkuk to Ceyhan
14. October 11 - attack on pipeline from Zab to Kirkuk
15. October 16 - pipeline explosion near the city of Hadeetha, 125 miles (200 km) northwest of Baghdad
16. October 23 - explosion near natural gas pipeline 30 miles (48 km) south of Mosul
17. October 23 - bombing attack on an oil pipeline 150 miles (240 km) north of Baghdad
18. November 1 - explosion at oil pipeline about 9 miles (15 km) north of Tikrit
19. November 4 - explosion at a pipeline plant in Zumar, 38 miles (60 km) northwest of Mosul
20. November 10 - Mohammed al-Zibari, distribution manager for the Oil Distribution Company was shot and wounded in the northern city of Mosul in what seems to be the first assassination attempt on officials from an Iraqi oil firm. Zibari's son was killed in the attack. Zibari told Reuters, "Three people opened fire with AK-47s. My driver saw them and so did my bodyguard," adding "Definitely foreign regime loyalists are responsible for this. I have no personal enemies, no tribal or family problems, and I'm not a member of any political party."
21. November 17 - blast 1.2 miles (2 km) east of the Bayji refinery, at a pipeline taking fuel oil to the Daura refinery, in the southern suburb of Baghdad. Resulting damage on the power supply line to the 300,000 barrels per day Bayji refinery, located 156 miles (250 km) north of Baghdad, forced a 2 day electricity shutdown.
22. November 18 - explosion on oil pipeline in the region of Mashruh al-Therthar, south-west of the city of Samarra. The feeds the Daura refineries in Baghdad.
23. November 22 - Abdel Salam Qanbar, an Iraqi police colonel in charge of security for oil installations in the northern city of Mosul was shot and killed by unknown attackers in a vehicle.
24. November 22 - club inside the Iraqi Northern Oil Company compound in Kirkuk, 150 miles (240 km) north of Baghdad, was hit during the night by mortar shells wounding three foreign nationals.
25. November 23 - blast on a pipeline transporting gas from the Jambur oil field to the Bayji refinery caused fire so huge its glow at night is visible from Kirkuk, 19 miles (30 km) north of Jambur.
26. November 26 - oil pipeline linking oilfields in northern Iraq to the Bayji refinery on fire near the village of Sharqat, about 30 miles (48 km) north of Bayji.
27. December 9 - explosion on a gas pipeline that runs from Kirkuk to a bottled gas factory north of Baghdad.
28. December 10 - explosion at point 84 miles (135 km) west of Kirkuk on oil pipeline linking the Bayji and Daura refineries.
Watch video
29. December 19 - blaze on a pipeline south of Baghdad causing significant leakage.
30. December 20 - rocket-propelled grenades hit storage tanks in southern Baghdad on Saturday; resulting fires burned about 2.6 million gallons of gasoline.
31. December 20 - rocket-propelled grenades cause pipeline explosion in the al-Mashahda area 15 miles (24 km) north of Baghdad.
32. December 21 - explosion on pipeline in the al-Mashahda region, 30 miles (50 km) north Baghdad.
33. December 21 - pumping station near Bayji refinery attacked with mortars.
34. December 22 - explosion at 3:30 pm (1230 GMT) in Riad about 28 miles (45 km) west of Kirkuk, on fuel pipeline between Kirkuk's oilfields and Iraq's biggest refinery in Bayji, parallel to the crucial pipeline between Kirkuk and the Turkish Mediterranean port of Ceyhan.
35. December 22 - fire on pipeline supplying Bayji refinery with crude from the oil fields of Kirkuk at point about 30 miles (50 km) northeast of refinery.

2004
36. January 7 - explosion holes pipeline connecting oil fields to a pumping station in the area around Hassiba, 85 miles (135 km) west of Kirkuk, Northern Oil Company director general Adel Kazzaz said "The fuel line was used for domestic market needs and filling up tankers that export crude."
37. January 30 - explosion on pipeline carrying crude oil from Kirkuk to Bayji refinery.
38. February 22 - explosion and fire on the Kirkuk-Baghdad-Basra pipeline near Al-Hare, a small town west of Karbala, about 70 miles (110 km) south of Baghdad. This is reported to be the first attack against a pipeline in southern Iraq since the ousting of Saddam Hussein.
39. February 26 - explosion apparently caused by homemade bomb thrown under oil and gas pipes damaged part of an oil pipeline about 60 miles (96 km) north of Baghdad.
40. March 2 - large explosion on oil pipeline near the northern city of Kirkuk causing a huge fire but no casualties. The blast hit the main oil line leading to the Bayji refinery 125 miles (200 km) north of Baghdad igniting a huge fire police chief Turhan Yussef said. "The explosion happened at 11.15am (0615 AEDT). An explosive device was placed under the pipeline at Al-Riad, 21 miles (35 km) west of Kirkuk," he said.
41. March 10 - fire on an oil pipeline south of Baghdad, leading from southern fields to the Daura refinery outside Baghdad. Firefighter Saleh Jabbar said it appeared to be the result of sabotage.
42. March 12 - oil pipeline blown up west of Tikrit on Friday, resulting in a fire on the line. The pipeline links northern oil fields in Kirkuk with the Daura refinery on the edge of Baghdad.
43. March 24 - Northern Oil Company oil well in the Khabaz area, about 55 miles (88 km) west of Kirkuk, was bombed at night. The resulting fire was extinguished late the following day. Gen. Mohammed Amin, the Iraqi Civil Defense Corps chief in Kirkuk said the well was not being tapped at the time of the blast nor was it closely guarded. "This is a terrorist act. This is the first time an oil well has come under attack in Kirkuk." Amin said.
44. March 25 - blast on a main oil well in northern Iraq that feeds exports through Turkey. Adel Qazzaz, director-general of the Northern Iraqi Company (NOC) said, "The explosion occurred at 3:30 pm (1230 GMT) because of an explosive charge planted by unknown individuals inside the well, located 47 miles (75 km) west of Kirkuk." He added, "It inflicted massive damage in the well, and firefighters are having a hard time extinguishing it because the explosion occurred inside the well and not in the pipelines." Qazzaz said firemen would need two days to put out the fire, and noted "the well is a principal producer for oil exports through the Iraqi-Turkish pipeline and for covering local market demands."
45. March 26 - pipeline in the southern Basra oil facilities on fire, said an official from Iraq's State Oil Marketing Organization. Iraqi guards on duty at Shuaiba, near the southern city of Basra, said saboteurs ignited crude oil that leaked from the pipeline. A British military spokesman disagreed with the report, saying "It was not the result of an explosion. We understand that a pipeline valve failed and fire broke out from the resultant spillage."
46. April 4 - attack on oil pipeline in southern Iraq which links Basra with Faw port on the Persian Gulf. ruptured it and set the oil ablaze.
47. April 8 - mortar round hit natural gas tank and another hit a pipeline at a plant north of Kirkuk operated by the Northern Iraqi Company (NOC) Jumaa Ahmad, head of the fire fighting brigade, said.
48. April 21 - bombing on pipeline north of Baghdad.
49. April 24 - suicide bombers in three boats blew themselves up in and around the Basra terminal zone, one of the most heavily guarded facilities of its kind in the world.
50. May 8 - bomb 35 miles (56 km) south of Basra damaged an 18-foot section of one of two pipelines running from Basra to the Faw peninsula on the Gulf. U.S. Army Corps of Engineers Spokesman Steve Wright said oil exports from the Basra and Khor al-Amaya offshore southern terminals, through which about 90% of Iraq's oil exports flow, were stopped as a result: "Pumping has stopped. They attacked in the vicinity where the manifold goes into the sea." According to Iraqi officials exports were still flowing from Basra albeit at a reduced rate of 1.2 million barrels per day (bpd) compared with 1.6 million bpd prior to the attack as oil from the damaged pipeline is flowing through the parallel pipeline. Ali Nasr al-Rubaie, director of the main port terminal said exports had been halved following the attack: "We have dropped from an average of 80,000 barrels per hour to 40,000 barrels per hour."
51. May 8 - attack on oil pipeline taking crude northwards from the country’s southern oilfields at point 25 miles (40 km) south of Baghdad, oil ministry spokesman Assem Jihad said on Saturday, noting it would take several days to start pumping oil again.
52. May 9 - blast near a strategic oil pipeline network linking north and south Iraq, by the town of Musayyib, about 56 miles (90 km) south of Baghdad. Unclear what caused the explosion or whether the pipeline itself was damaged.
53. May 13 - rocket landed in a gas plant at the Daura oil refinery in Baghdad, injured a worker and caused a fire.
54. May 24 - explosion badly damaged the Northern pipeline at around 7pm local time on a section between the Kirkuk oilfields and the Dibis pumping installations. A security official of Iraq's Northern Oil Company, Juma Ahmad, said pumping had to be stopped to fight the fire. Another security official for Northern Oil, Issam Muhammad, said while the fire had been put out it would take 12 days to repair the damage.
55. May 26 - explosion on Kirkuk-Ceyhan pipeline near Kirkuk.
56. May 26 - explosion on southern pipeline through which oil flows to the Persian Gulf.
57. June 6 - attack on Kirkuk-Ceyhan pipeline. Iraq's Northern Oil Company (NOC) chief Ghazi Talabani said "Assailants detonated sound grenades on the pipeline Sunday at dawn (local time), 120 km (75 miles) east of Kirkuk, causing damage, and a loss of a huge quantity of oil." He said "The oil loss has been stopped and a group of technical experts are repairing the pipeline and the damage could be repaired by Tuesday night. Restarting production depends on the decision of the coalition and the oil ministry." NOC project manager Abdullah al-Rubai had earlier denied the attack.
58. June 6 - explosion on oil pipeline that feeds the Basra terminal near Basra on the Faw Peninsula's southern end. The blast slowed oil flow from 80,000 barrels per hour to 40,000.
59. June 9 - blast on oil pipeline near Bayji 155 miles (250 km) north of Baghdad cut supplies to the Bayji electric power station and according to Iraq Oil Ministry spokesman Assem Jihad forced a reduction of 400 megawatts, amounting to a 10% output cut on the national power grid.
60. June 9 - blast on Kirkuk-Ceyhan oil pipeline. Anwar Hamed Amin, chief of Iraqi Civil Defence Corps, said "A bomb placed 80 km (50 miles) west of Kirkuk exploded at 8:20am [local time] on the main pipeline to the Ceyhan terminal."
61. June 15 - Explosion in the morning on a pipeline through which oil flows from the Zubeir 1 pumping station to a depot in Faw, 40 miles southeast of Basra.
62. June 15 - Another explosion, during the evening, on a southern pipeline. Together with the attack on the pipeline to Basra, the attack on this 48-inch pipeline through which oil flows to Khor al-Amaya port cut oil exports from the south by over half according to the Iraqi Southern Oil Company.
63. June 15 - ``An oil pipeline connecting the fields in Kirkuk and a processing station in Bajwan, 20 km (12 miles) north of the city, was sabotaged and a fire broke out,'' said Adel Kazaz, a North Oil Company director. The pipeline supplied oil to domestic refineries.
64. June 16 - 42-inch Pipeline to Basra terminal, the key terminal from which most of Iraq's 1.6 million bpd of Basra Light were exported, attacked again. Iraqi Southern Oil Company's spokesman said: "Due to the damage inflicted on the two pipelines, the pumping of oil to the Basra oil terminal has completely stopped," adding that southern exports have "come to halt." A Iraqi oil official reported "There are no exports from Basra oil terminal or Khor al-Amaya and it is unclear when they will restart," adding, "Both pipelines feeding the terminals have been destroyed."
65. June 16 - Chief of security for Iraq's Northern Oil Company, Ghazi Talabani, 70, was shot and killed in Kirkuk as he was being driven to work. His driver was badly wounded. The assassins escaped.
66. June 21 - blast on pipeline transporting crude oil from the northern town of Bayji to Daura refinery at point near al-Mashahidah, 20 miles north of Baghdad. The explosion interrupted supplies to the refinery, that provides the domestic Iraqi market with gasoline, kerosene and liquefied petroleum gas.
67. June 26 - explosion near Latifiyah, about 30 miles south of Baghdad, on small pipeline that feeds crude oil to storage tanks in Latifiyah.
68. June 29 - another blast on pipeline near Latifiyah.
69. July 3 - Fire in Al-Maqalai, southeast of the Az-Zubayr oil fields, on one of the two pipelines that feed the southern terminals resulted in a drop by half of Iraqi oil exports to 960,000 barrels per day. Exports in the South fell from 84,000 barrels per hour to 40,000. While one Iraqi oil official said, "Fire is raging in the 42-inch pipeline on the Faw Peninsula. It was sabotage," an official from the Southern Iraqi Oil Company said "News that one of the key oil export pipeline in the Faw peninsula was attacked by saboteurs are baseless."
70. July 4 - attack on pipeline that carries oil from the northern oil fields to the south at point near Musayyib, about 50 miles (80 km) southwest of Baghdad.
71. July 6 - blast on gas pipeline that feeds multiple power plants in the center and north of Iraq and a gas canister factory in Taji, north of Baghdad, that provides gas for many homes. Head of the Northern Gas Company, Huner Hassan, said "A device exploded along the pipeline about 90 km (56 miles) south of Kirkuk, sparking a fire." He noted "This is going to affect electricity production for the country and the production of gas for domestic use."
72. July 10 - explosion at approximately 6:30am local time about 55 miles (88 km) west of Kirkuk in the Safra area on a gas pipeline that runs from the gas fields in Kirkuk to a power station in Bayji sparked a fire on, according to the Northern Gas Co. head of security, Ahmed al-Hassan, less than a meter of the pipeline.
73. July 14 - Northern Oil Company police officer was shot to death while manning a checkpoint near a pipeline in Riyad, approximately 80 km southwest of Kirkuk.
74. July 15 - explosion on pipeline running from the northern oil fields to the Beiji refinery.
75. July 15 - holes were drilled on a major southern pipeline that runs to offshore export terminals. The damage occured in the al-Askari district, 20 km south-west of Basra, according to head of the Iraqi Border Police, Staff Brigadier General Ali al-Mousawi. It appears this may be the work of looters.
76. July 15 - explosion near Fatha, some 55 miles (90 km) west Kirkuk, at about 8:40 a.m. (0440 GMT) on oil pipeline that runs from the major oil fields in Kirkuk and the Turkish port Ceyhan. The resulting fire has been extinguished and repairs on the pipeline are expected to begin July 17.
77. July 16 - attempted mortar attack on northern oil pipeline that runs from Kirkuk to Ceyhan failed. According to a security official at the Northern Oil Company, Ahmad Hassan Afif, "A mortar round was thrown at about 8:10 am (0410 GMT) on the pipeline near to Riad, 35 kilometres west of Kirkuk, causing a fire in a pool of oil created by leaks, but failing to cause any other damage."
78. July 17 - attempt to blow up natural gas pipeline failed as saboteur's bomb exploded prematurely, killing him but not damaging the pipeline.
79. July 19 - explosion on oil pipeline that runs through al-Debis region northwest of Kirkuk, supplying oil for domestic use in refineries and power plants.
80-83. July 23 - two blasts on 125 mile (200 km) long oil pipeline that runs from al-Daura refinery in Baghdad to Beiji, at point about 12 miles (20 km) south of Samarra.
84. July 24 - explosion southwest of the town of Samarra, 60 miles (100 km) north of Baghdad, sparked a fire on pipeline that carries oil from Beiji refinery to Baghdad.
85. July 24 - blast in the vicinity of Tharthar Lake, 100 miles (160 km) southeast of Kirkuk, on oil pipeline that runs from the oil fields around Kirkuk to Al-Dura power station, south of Baghdad.
86. July 28 - premature explodulation killed two saboteurs who tried to place a bomb on an oil pipeline near Kirkuk. The pipeline was not damaged.
87. August 3 - explosion about 75 miles (120 km) west of Kirkuk at Al-Fateha on critical pipeline juncture caused a huge fire and road closure between the Beiji refineries and Kirkuk and halted exports through the northern pipeline to Ceyhan.
88. August 5 - bomb on oil pipeline in Kirkuk area found by Northern Oil Company security personnel exploded as Task Force Danger troops were investigating it. No injuries.
89. August 5 - blast on the Kirkuk to Ceyhan oil pipeline sparked a fire that was swiftly contained since oil flow was halted on the pipeline as a result of the Aug. 3 attack.
90. August 5 - attack sparked fire on gas pipeline that feeds both the Bayji power station and a propane factory in Taji 12 miles (20 km) north of Baghdad. Northern Oil Company's gas division director, Honer Najib, said "Firefighters are trying to contain the blaze but the sabotage is going to effect the production of electricity in Iraq."
91. August 9 - attack halted oil flow on the major pipeline that feeds the southern terminals, reducing exports from 1.9 mbd to the about 1 mbd, fed through the smaller 42-inch pipeline.
92. August 14 - attack on domestic oil pipeline near the town of Mussayyib south of Baghdad sparked fire, and has caused shortages in the domestic supply of gasoline.
93. August 15 - rocket-propelled grenades were fired on an oil well 25 miles (40 km) east of the southern town of Amra setting it ablaze.
94. August 18 - Northern Iraqi oil company security officer was killed and 2 others wounded 6 miles (10 km) from Kirkuk.
95. August 19 - attackers infiltrated the Basra headquarters of the Iraqi Southern Oil Company setting a fire that obliterated warehouses containing drilling equipment, among other items, spread to the firm's offices, and cut electricity. "They came in droves, surrounded the building and looted it before setting it on fire," said a company official. Firefighters arriving at the compound were shot at and fled.
96. August 20 - attack apparently perpetuated by al-Sadr loyalists sparked fire on pipeline through which oil flows from the Bezergan oil field in the south to a refinery in Amarah, 180 miles (290 km) southeast of Baghdad.
97. August 20 - explosion at 8:30am on domestic pipeline through which oil flows from Kirkuk to Baiji refinery at point 19 miles (30 km) west of Kirkuk.
98. August 21 - blast near pipeline valve at Berjisiya, 20 miles (32 km) southwest of Basra, sparks fire on oil pipeline connecting the Rumeila oilfields with export storage tanks in the Faw peninsula. Another bomb was found nearby and defused. The pipeline was shut for a week due to sabotage threats. Lt. Mohammed al-Mousawi of the Iraqi National Guard explained "The aim behind attack is to damage the pipeline in case it is turned on again."
99. August 25 - attack on the reversible Strategic Pipeline linking oil fields in the north and south of Iraq sparked fire 19 miles (30 km) west of Babylon.
100. August 25 - explosion at 7:00 am near Al Madhatiya in Aawazel area, about 18 miles (30 km) south of Hilla, on gas pipeline which transports gas from Basra to other southern towns set the pipeline ablaze.
101. August 25 - eight parallel pipelines that link the Rumaila oilfields to the Zubayr 1 pumping station were hit in Berjasiya, 20 miles (32 km) southwest of Basra, when a bomb exploded under a bridge at 9:00pm and caused it to collapse, reducing exports from the south. 
102. August 27 - attack on the 36 inch in diameter oil pipeline that connects the South Rumaila oilfield to storage tanks at the Zubair One station near Basra.
103. August 27 - attack on the 48 inch oil pipeline that connects the North Rumaila field to storage tanks in the West Qorna oilfield.
104. August 27 - blast on oil pipeline that feeds the Daura refinery; section on fire 19 miles (30 km) north of Baghdad.
105. August 27 - attack on oil pipeline in the West Qurna oilfield, 90 miles (144 km) north of Basra.
106. August 29 - blast on oil pipeline that links the Rumaila oilfields with export storage tanks in the Faw peninsula in al-Radgha, 30 miles (48 km) southwest of Basra.
106. August 27 - attack on oil pipeline in the West Qurna oilfield, 90 miles (144 km) north of Basra.
107. August 29 - blast on oil pipeline that links the Rumaila oilfields with export storage tanks in the Faw peninsula in al-Radgha, 30 miles (48 km) southwest of Basra.
108. August 30 - blast on internal oil pipeline in the southeast New Baghdad district.
109. September 1 - explosion on Kirkuk-Ceyhan oil pipeline on section between Kirkuk and Bayji at 6:30 pm near Riyadah 30 miles (50 km) south of Kirkuk sparked a huge fire halting exports on the line.
110. September 4 - blast on 14-inch line carrying crude from the Al-Khabaz field to the Bayji refinery.
111-112. September 4 - attack at 8:30am at Hartha, 19 miles (33kms) north of Basra, on southern pipeline that supplies oil to the Hartha electrical plant. Simultaneous attack on parallel pipeline that pumps 15,000 barrels of crude oil a day from oil fields near Nahr Omar to the storage tanks at Zubayr 1.
113. September 6 - attack at point 12 miles (20 km) south of Kirkuk on natural gas pipeline connecting the Janbur fields to the Bayji power plant, which produces 400 megawatts a day and provides electricity to northern Iraq, sparked fire.
114. September 6 - at 9:30am, a day after the fire on the Kirkuk-Ceyhan pipeline was extinguished, attackers set fire to the leaking oil and re-ignited it.
115. September 11 - at 3:15pm attackers damaged the 14 inch oil pipeline that links a Kirkuk oilfield to the Havana refinery located 37 miles (60 km) from Kirkuk with fire from automatic weapons.
116. September 11 - gunfire attack at 3:30am near Hatin, 18 miles (30 km) north of Kirkuk, injured three Northern Oil Company security guards, one of them seriously.
117. September 12 - gunfire attack at 1am 25 miles (40 km) northeast of Kirkuk on security forces guarding the Dibis oil fields wounded three of them.
118. September 12 - driveby gunfire injured two security officers on patrol near the Jambouz oilfields 30 miles (42 km) west of Kirkuk.
119. September 13 - attack on oil pipeline in the Rumaila oilfield.
120. September 14 - 2am blast on junction where pipelines cross the Tigris River, at point near the 676-MW Beiji power plant set ablaze three oil pipelines, stopping the flow of oil from the Kirkuk oilfields to Beiji refinery and to Ceyhan. The heat melted a 400-KV transmission line that ran almost 300 ft above the area, causing a power loss of 750 MW within a second, which caused the country's 5,000 MW grid to short circuit stopping electricity supply to all of Iraq. Just two days prior Northern Oil Company engineers finished replacing critical valves destroyed by an earlier attack.
121. September 16 - attack on oil pipeline near Baqouba that runs from the Khanaqin oilfields to the Al Daura refinery.
122. September 18 - attempt to assassinate director of oil products for the Northern Oil Company, Muhammad Zibari, by attackers with machine guns and grenades who ambushed his convoy in Mosul missed him but resulted in the death of eight people and injury of four.
123. September 23 - assassins shot and killed the deputy director of the Northern Oil Company's oil product department, Sana Toma Sulaiman, riding in a taxi in Mosul on his way to work.
124. September 23 - explosion on oil pipeline near al-Fahhama village, 15 miles (25 km) north of Baghdad, causing extensive damage.
125. September 23 - saboteurs blew up part of the East Baghdad oil field. The well, capacity 5,000 barrels a day, supplies refineries in nearby Taji and Baghdad's Daura refinery.
126. September 23 - blast on oil pipeline at Angour, 50 miles (80 km) east of Fallujah.
127. September 23 - explosion on oil pipeline in Najaf stopped flow from oil fields near the city to a refinery in Basra.
128. September 24 - private pipeline security company found explosive device along a major oil pipeline west of Balad. Oil flow remained uninterrupted.
129. October 3 - saboteurs blew up a section of the pipeline near the city of Karbala in central Iraq.
129. October 5 - rocket fired at the Oil Ministry in Baghdad.
130. October 5 - blast on oil pipeline west of Baghdad.
131. October 18 - blast on oil pipeline 8 miles (12 km) from Bayji.
132. October 19 - blast on oil pipeline 6 miles (10 km) north of the Bayji refinery.
133. October 19 - explosion at 2:10pm on oil pipeline 87 miles (140 km) south of Kirkuk.
134. October 21 - saboteurs hit a section of the northern oil export network.
135. October 22 - blast in the Mashahdeh area, some 30 miles (48 km) north of Baghdad, on an oil pipeline that feeds the Daura refinery.
136. October 23 - blast on the Khana oil pipeline northeast of Baghdad sparked fire which damaged 150 meters of the pipeline. Another bomb was found along the same line and safely defused.
137. October 25 - saboteurs blew up a section of a pipeline about 15 miles (25 km) southwest of Kirkuk feeding the Bayji refinery. A fire later broke out in another pipeline and witnesses said it was caused by a blast.
138. October 29 - explosion at about 6:00am on oil pipeline near the Havice district of Kirkuk.
139. November 1 - explosion on Kirkuk-Ceyhan oil pipeline in Riyad, southwest of Kirkuk.
140. November 1 - attack on a oil pipeline that feeds the Kirkuk-Ceyhan pipeline and is connected to the Bai Hassam oilfield in Qoshqaya.
141. November 1 - attack on pipeline connected to the Khabbaz oilfield, 22 miles (35 km) south of Kirkuk.
142-143. November 2 - two bombs exploded against oil pipeline connecting oil fields in Kirkuk to the refinery in Bayji, one at 10am.
144. November 2 - blast on refined products pipeline in Hatin north of Kirkuk.
144. November 2 - attack at 7:20pm near Sheikh Mizher al-As on a pipeline network connecting the Khubbaz oil wells, 24 miles (40 km) west of Kirkuk with refineries in Bayji and Baghdad.
145. November 3 - assassins shot to death the director general of the Iraqi oil ministry's oil byproducts distribution company, Hussein Ali al-Fattal, as he left his home in the Yarmouk area of Baghdad to go to work.
146. November 5 - explosion damaged a gas pipeline which connects the Baba Gurgur fields near Kirkuk with the Northern Gas Company.
147. November 9 - explosion on oil pipeline near the Safa, 44 miles (70 km) southwest of Kirkuk.
148. November 10 - attack on gas pipeline connecting the Khubbaz fields to the Northern Gas Company.
149. November 13 - attack at Taji, 12 miles (19km) north of Baghdad on oil pipeline that runs to the Daura refinery in Baghdad.
150-153. November 14 - four oil wells set afire in the Khubbaz oilfield west of Kirkuk. The wells had been pumping 10-15,000 bpd of oil a piece.
154. November 15 - blast on oil pipeline from Kirkuk to Ceyhan in Safra 37 miles (50 km) west of Kirkuk.
155. November 15 - gunmen set ablaze a storage depot and pumping station along the oil pipeline to Ceyhan near Ain al Jahish, 60 miles (96 km) south of Mosul.
156. November 15 - explosion at 11pm near Sarai, 47 miles (75 km) west of Kirkuk, on oil pipeline that feeds the Bayji refinery.
157. November 15 - explosion at 11pm near Riyadh, 25 miles (40 km) west of Kirkuk, on gas pipeline that feeds the power station in Bayji.
158. November 17 - blast at 1am on oil pipeline from the Bai Hassan field, 30 miles (42 km) west of Kirkuk, to storage facilities in Dibis, 20 miles (32 km) west of Kirkuk.
159. November 17 - bomb on oil well in Barajwan, 20 miles (32 km) northwest of Kirkuk.
160. November 17 - blast at 8am 2.5 miles (4 km) west of Samarrah on pipeline from Bayji to the Daura refinery in Baghdad.
161. November 21 - an oil well was set afire in the Khubbaz oilfield.
162. November 21 - sabotage attempt on a well in the Khubbaz oilfield thwarted by Iraqi security guards. One would-be saboteur was killed and another wounded.
163. November 22 - blast at 9am on the 42 inch pipeline to Basra terminal stopped flow of oil through the pipeline.
164. November 25 - attack on two oil wells near the Himreen Mountains, 75 miles (120 km) south of Kirkuk.
165. November 25 - an early morning explosion in the Fatha area, 9 miles (15 km) north of Bayji, on the oil pipeline that runs from Kirkuk to Bayji. A 2,000 person Iraqi security force was assigned to guard oil infrastructure two days prior.
166-167. November 29 - two blasts, one at 8:40 am and the other at 8:50am, on the oil pipeline that runs from Bayji to Daura refinery.
168. November 30 - blast on the oil pipeline that connects Daura refinery and the Musayyib power station south of Baghdad, cutting power to the Babil area.
169. December 1 - gunmen opened fire on a pipeline repair team working in the Safrah area, 50 miles (80km) southwest of Kirkuk. One man was injured.
170. December 6 - attack 10 miles (16 km) south of Samarra on oil pipeline that runs from Bayji to Daura refinery.
171. December 6 - attack on a pipeline that runs inside an underground oil storage tank 50 miles (80 km) southwest of Kirkuk.
172. December 7 - attack on pipeline supplying oil from northern Iraq to Baghdad.
173. December 10 - late night attack on the 48 inch oil export pipeline in the Riyad area southwest of Kirkuk.
174. December 11 - ten armed men kidnapped the Northern Oil Company's head of security for the Bayji region while he was in the Samarra area examining damage to a pipeline that had been attacked.
175. December 13 - arsonists set on fire oil, which had leaked and pooled due to prior pipeline attacks, 43 miles (27 km) southwest of Kirkuk, raising concern that the blaze could damage nearby pipelines.
176. December 17 - attack on pipeline supplying oil from Basra to Baghdad's Daura refinery, halted the flow of refined products which, oil ministry spokesman Jihad Assem said, had just resumed following a 17 day stoppage after the previous sabotage.
177. December 17 - attack on pipeline supplying refined products from Bayji refinery to Baghdad. A statement circulated in Bayji said that Abu Musab al-Zarqawi had blown up a pipeline, following orders from ''supreme commander Osama bin Laden''.
178. December 17 - attack on the northern pipeline near Fatha, 53 miles (85 km) west of Kirkuk.
179. December 18 - 7:30am attack on pipeline supplying oil from Kirkuk to the IT-1A storage tanks near Bayji.
180. December 18 - 8:30am blast on oil pipeline between Bayji and Daura refinery at Dilja, 12 miles (20 km) north of Samarra.
181. December 21 - 10:25 pm attack on a pipeline hub in Fatha.
182. December 23 - attack on pipeline from Bayji to a storage facility in Baghdad.
183. December 26 - attack on the northern pipeline near Fatha.
184. December 28 - 0:30am attack on a gas pipeline in Barjisiyah, southwest of Basra. The pipeline, which links Iraq's second largest refinery in Shueiba to the storage units of South Oil Company, was blown up by a single attacker using a gas cylinder.
185. December 30 - mortar attack set fire in the Daura refinery, which provides fuel for Baghdad's main power plant.

2005
186. January 1 - attack on a pipeline from Kirkuk to Bayji.
187. January 1 - attack on a pipeline linking the southern cities of Karbala and Hillah, 46 miles south of Baghdad near the Musabayb power station.
188. January 7 - attack on gas pipeline 9 miles north of Tikrit.
189. January 8 - attack on an oil pipeline running from northern fields to Bayji in the Safra area, 43 miles southwest of Kirkuk. Two guard posts for an oil protection force were also blown up around the area and one guard was wounded.
190. January 8 - attack on a gas pipeline in the Fatha area near Bayji.
191. January 11 - 2:00am rocket attack on a gas pipeline that runs to Bayji near the Fatha production station.
192. January 11 - 6:30am attack on an oil pipeline that runs to Bayji in the Zegheitoun area, 35 miles southwest of Kirkuk. The pipeline had just been brought online on January 9th.
193. January 13 - 10:30pm attack on oil pipeline near Fatha.
194. January 14 - improvised explosive device detonated after midnight damaging an oil pipeline near Bayji and sparking a large fire.
195. January 14 - attack on a pipeline linking Kirkuk and the Daura refinery, near Samarra.
196. January 14 - rocket attack on pipeline complex near Fatha sparked large blaze.
197. January 17 - a bomb blew off a section of a pipeline in Fatha.
198. January 21 - 07:00am attack on pipeline in the al-Tharthar region 12 miles south of Samarra interrupted the flow of oil to the Bayji refinery.
199. February 2 - attack on oil pipeline connecting Bayji refinery to Daura refinery. The attack took place near Samarra.
200. Fabruary 5 - attack on a cluster of eight pipelines west of Samarra connecting the Bayji and Daura refineries.
201. February 6 - attack on pipeline carrying crude oil from Kirkuk to Bayji.
202. February 9 - attack on a gas pipeline before dawn in Fatha, about 15 miles north of Bayji.
203. February 9 - rocket attack on a pipeline linking Kirkuk to Bayji.
204. February 13 - 10:00pm attack on oil pipeline at the al-Dibbis oil field 31 miles north of Kirkuk.
205. February 14 - another attack on oil pipeline at al-Dibbis.
206. February 16 - attack on pipeline carrying crude from Kirkuk to Bayji near Fatha.
207. February 16 - attack on pipeline carrying crude from Kirkuk to Daura refinery.
208. February 16 - another attack on pipeline near Fatha.
209. February 16 - attack on pipeline in the Bajwan area, northwest of Kirkuk.
210. February 16 - gunmen killed Colonel Ibrahim Ahmed in charge of pipeline security. The killing took place at Ajeel west of Kirkuk.
211. February 25 - late night attack on a pipeline connecting the Dibbis oil fields with Kirkuk.
212. March 2 - 10pm attack on gas pipeline to Bayji near Al-Safra 30 miles west of Kirkuk caused the shutdown of two of the Bayji power station's four turbines.
213. March 3 - attack on a gas pipeline that links Kirkuk to Dibbis.
214. March 7 - attack on pipeline near Samarra, 60 miles northwest of Baghdad.
215. March 8 - 1pm attack on oil pipeline feeding Al-Daura refinery near Jorf al-Sakhr, 35 miles south of Baghdad.
216. March 9 - attack on oil pipeline feeding the Daura refinery in Jorf al-Sakhr, 46 miles south of Baghdad.
217. March 12 - attack on oil pipeline connecting Bayji and Daura in Al-Tharthar, near Samarra.
218. March 12 - Rocket-propelled grenades were launched at a pipeline running from Kirkuk to Daura.
219. March 15 - attack on oil pipeline in Fatha which carries crude from Kirkuk to Bayji.
220. March 25 - attack on oil pipeline which connects Iraq northern oilfields with the Daura refinery.
221. March 27 - 9:00am attack on oil pipeline which carries crude from Kirkuk to Bayji. Repairs on the line had just been completed the day before.
222. April 4 - attack on pipeline running through the Riyad area near Bayji.
223. April 13 - bomb on oil pipeline near Kirkuk killed an Iraqi oil security chief and eight of his men, who were in the process of defusing another explosive device, and sparked a fire on the pipeline.
224. April 17 - attack near Fatha on oil pipeline from Kirkuk to the Bayji refinery.
225. April 18 - twin blasts at an internal oil pipeline near Kirkuk.
226. April 25 - insurgents blew up pumps used for domestic supplies near Bay Hassam, 19 miles west of Kirkuk.
227. May 4 - attack on an oil pipeline that links northern Kirkuk oil fields to Baghdad. The attack took place near Balad.
228. May 10 - attack on an oil pipeline complex near Kirkuk.
229. May 11 - a mortar round struck the Iraqi Oil Ministry complex in Baghdad.
230. May 11 - three bombs were planted on different parts of the oil pipeline in Kirkuk's Dibiz district. Two of the three exploded, heavily damaging the pipeline.
231. May 11 - attack on an oil pipeline near Bayji.
232. May 11 - a bomb exploded at Iraq’s largest fertilizer plant in Basra, killing one person and wounding 23. The blast set fire to a gas pipeline.
233. May 11 - a bomb was planted near the oil ministry in central Baghdad.
234. May 12 - an insurgent blew himself up as he tried to sabotage an oil pipeline near Kirkuk.
235. May 13 - attack on the Athana pumping station that feeds the northern pipeline.
236. May 27 - attack on pipeline in the western outskirts of Baghdad.
237. June 3 - 8 a.m. attack on pipeline between Kirkuk and the Dibis refinery, about 30 miles west.
238. June 8 - saboteurs blew up a main oil pipeline near Kirkuk.
239. June 8 - saboteurs opened connections between two pipelines near the Bayji refinery causing oil spill.
240. June 9 - 8:00 p.m. saboteurs blew up a major oil pipeline five miles east of the Bayji refinery.
241. June 15 - insurgents blew up a pipeline near Baghdad that transports crude oil between Bayji and Daura.
242. June 23 - attack on pipeline carrying crude from Kirkuk to Bayji, near al-Fathah.
243. June 25 - attack on oil pipleline leading from Kirkuk to Ceyhan.
244. June 24 - pipeline linking the southern fields around Basra to Daura. The attack took place near Yusifiyah.
245. June 28 - attack on pipeline in southwestern Baghdad.
246. June 29 - attack on a natural gas pipeline linking storage facilities in Yousfiyah, south of Baghdad, to a plant in Baghdad.
247. July 3 - attack on a key feeder pipeline that leads to the Daura refinery.
248. July 8 - mortar attack on the Daura oil refinery hit a pipeline attached to one of the reservoirs.
249. July 20 - attack on an oil pipeline that connects Bayji and Baghdad.
250. July 20 - 6:00 a.m. a roadside bomb exploded under the pipeline that goes from Kirkuk to the Daura refinery.
251. July 20 - late night attack on oil pipeline between Mahmoudiyeh and Latifiyehin in southern Iraq.
252. July 21 - insurgents incinerated an oil pipeline west of Samarra.
253. July 26 - two Iraqi security personnel were killed and three wounded by mortar fire near Bayji while guarding an oil pipeline.
254. July 28 - a bomb hit an oil pipeline conecting Bayji and Kirkuk. A gas pipeline that supplies Bayji power station was also damaged during the attack.
255. July 28 - a bomb on a railway line hit a train carrying oil products near Baghdad, causing a huge fire.
256. August 3 - an explosion damaged a pipeline used for shipping fuel to a Baghdad power plant north of the capital.
257. August 4 - 5:00a.m. three explosions set ablaze a pipeline near Kirkuk.
258. August 20 - attack on a major line between Bayji and Baghdad stopped electricity supply to the capital.
259. August 26 - Insurgents sabotaged an exporting oil well north of Kirkuk.
260. August 27 - bomb beneath an oil pipeline supplying the Daura oil refinery in Baghdad, causing an hour-long fire.
261. August 26 - Insurgents sabotaged an exporting oil well north of Kirkuk.
262. August 27 - bomb beneath an oil pipeline supplying the Daura oil refinery in Baghdad, causing an hour-long fire.
263. August 29 - Rebels fired a mortar at Iraq's oil ministry building in Baghdad.
264. August 30 - Lt. Colonel Mohammed Rashad, commander of a unit protecting Iraq's oil pipeline network, was assassinated in front of his home in Kirkuk as he was leaving for work.
265. Sept 3 - an explosion on oil pipeline 2.5 miles from Fatha, between Kirkuk and Bayji, stopping oil flow from Kirkuk to Ceyhan after insurgents ignited an oil leak.
266. Sept. 5 - oil pipeline connecting Bayji and Baghdad was set on fine west of Samarra.
267. Sept. 7 - an explosion on the line from Khanaqin to the al-Daura refinery. The attack took place in Thiaa Thiaa village, east of the city Baqouba which is 35 miles north of Baghdad.
268. Sept. 19 - two policemen were killed when a bomb targeted a vehicle for the north oil pipeline protection forces.
269. Sept. 22 - attack on a cluster of pipelines north of Kirkuk near Dibis. The attack was followed by fire in the valves complex.
270. Sept. 23 - attack on an oil tanker carrying fuel to the US Army.
271. Sept. 26 - attack on pipeline from Kirkuk to Ceyhan.
272. Sept. 27 - fire broke out in an oil pipeline that carries oil from Daura refinery to Latifyia.
273. Sept. 28 - attack on an oil pipeline near al-Daura.
274. October 3 - a bomb attack in Baghdad on the motorcade of Iraq's oil minister Ibrahim Bahr al-Uloum, who was heading to Bayji.
275. October 5 - attack on an oil pipeline near the Kirkuk refinery.
276. October 5 - bomb attack wounded six oil ministry guards.
277. October 6 - gunmen shot dead five oil ministry security guards.
278. October 15 - major power cuts have caused intermittent suspension of oil production from oil fields in the south of the country.
279. October 19 - attack on an oil pipeline at Al-Ishaqi village south of Samarra.
280. October 20 - attack on a major pipeline that links Kirkuk to Bayji. The bombing took place less than 24 hours after th epipeline was reopened.
281. October 24 - 10:00a.m. mortar attack on on a network of oil and gas pipelines 40 miles west of Kirkuk. 16 pipelines caught fire.
282. October 24 - insurgents blew up a bomb under the oil pipeline at al-Malha village east of Hemrin mountains, near Bayji.
283. December 21 - the Bayji refinery was shut after insurgents threatened truck drivers transporting petrol.
284. December 24 - attack on a pipeline in Jurf Sakher area on the outskirts of Hillah, 60 miles south of Baghdad.
285. December 24 - blast on oil pipeline south of Samarra, 60 miles north of Baghdad.

2006
286. January 1 - a bomb exploded near a gas station near Daura. Three civilians were injured.
287. January 1 - attack on pipeline supplying petroleum products to a power plant near the Daura refinery cut capacity at the plant to 30%.
288. January 1 - riots broke out in Kirkuk. Hundreds of demonstrators, protesting fuel shortages, set two gas stations and offices belonging to the national oil company on fire.
289. January 4 - a rocket-propelled grenade attack destroyed 20 fuel tankers in a convoy of 60 heading to Baghdad from Bayji. "Islamic Army" claims responsiblity.
290. January 4 - Rahim Ali Sudani, a director-general at the oil ministry, and his son were killed in a drive-by attack on their car.
291. January 4 - nighttime mortar attack on gas pipeline in Bagwan, about 16 miles northwest of Kirkuk.
292. January 5 - a bomb exploded on an oil pipeline in Bagwan, about 16 miles northwest of Kirkuk.
293. January 15 - Insurgents attacked a checkpoint installed to monitor an oil pipeline, killing one guard and injuring three others south of Baghdad.
294. January 25 - a bomb exploded under a pipeline linking an oilfield near Kirkuk with the terminal at Ceyhan, causing a fire and a partial reduction in pumping.
295. January 25 - security forces defused two bombs that had been placed under pipeline in the Dibis area north of Kirkuk.
296. February 1 - attack on an oil pipeline in Muhwailha, 40 miles south of Baghdad.
297. February 2 - attack on oil pumping station feeding one of two export pipelines from Kirkuk to Ceyhan.
298. February 3 - mortar shells hit an oil facility near Kirkuk.
299. February 17 - insurgents blew up the main pipeline feeding crude oil from Kirkuk to a refinery in Daura.
300. February 24 - An explosion set fire to an oil pipeline south of Samarra.
301. February 25 - attack on a pipeline near Bayji.
302. March 1 - attack on pipeline near Taji.
303. March 1 - an oil pipeline was burning in Musayyib, following a rocket-propelled grenade attack. Gunmen shot at firefighters as they rushed to the scene, wounding two of them. Arriving a short time later, police engaged the insurgents in an hour-long gunbattle.
304. March 2 - guards with Iraq's oil protection service killed one man and detained three others as they were trying to plant bombs under a pipeline west of Kerbala, south of Baghdad.
305. March 2 - attack on an oil pipeline connecting the Al-Daura refinery and Al-Musayyib power plant, in southern Baghdad, causing a fire.
306. March 8 - 9:00am explosion at the Basra headquarters of the Southern Oil Company damaged the fuel section's building; unclear if caused by bomb or mortar.
307. March 30 - insurgents blew up a pipeline transporting oil from Kirkuk to the Bayji refinery, at a point near a village 30 miles southwest of Kirkuk.
308. March 31 - Blast underneath oil pipeline that runs from Bayji to Daura.
309. April 1 - roadside bomb blast near oil pipeline 44 miles (70 km) south of Basra kills two members of Iraq's Facility Protection Services (FPS); no damage to the pipeline.
310. March 8 - 9:00am explosion at the Basra headquarters of the Southern Oil Company damaged the fuel section's building; unclear if caused by bomb or mortar.
311. March 14 - insurgents launched an attack on an oil pipeline near Hawijah.
312. March 18 - iocket attack against oil installation near Kirkuk.
313. March 18 - rocket was fired against the North Oil Company HQ.
314. March 19 - Raad Al Asali, the director of an oil products company in Mosul was killed as he left his home.
315. March 21 - insurgents attacked an natural gas pipeline northeast of Tikrit with an IED resulting in breeching of the pipeline and ignition of the gas.
316. March 21 - two oil workers were shot and killed in Bayji.
317. March 25 - insurgents mounted a mortar attack on Bayji oil refinery during a VIP visit.
318. March 30 - insurgents blew up a pipeline transporting oil from Kirkuk to the Bayji refinery, at a point near a village 30 miles southwest of Kirkuk.
319. March 30 - insurgents shot dead eight workers at Iraq's largest oil refinery in Bayji. Another man was wounded when the gunmen ambushed the workers' minibus at a roadblock as it drove out of the refinery.
320. March 31 - Blast underneath oil pipeline that runs from Bayji to Daura.
321. April 1 - roadside bomb blast near oil pipeline 44 miles (70 km) south of Basra kills two members of Iraq's Facility Protection Services (FPS); no damage to the pipeline.
322. April 10 - three Oil Protection Force workers were injured when an IED detonated in a Toyota Caprice vehicle which they were investigating. The incident occurred to the north of Az Zubayr near the Al Swadi Gas Station.
323. April 12 - an attempt to shoot the director of the Northern Gas Company Director failed.
324. April 26 - two Iraqi army soldiers, who were guarding an oil pipeline, were shot dead by armed men in two vehicles near the town of Balad.
325. April 29 - the Northern Gas Company was attacked with rockets. The attack targeted three critical Oil and Gas plants in Kirkuk. These are at present under reconstruction and refurbishment. Initial assessments indicate that up to 16 rounds of 57mm were received from two separate firing points. There was no damage reported and no loss of operational capability. The firing point was believed to have been a white pick up truck, located to the SW of the plant.
326. April 30 - Iraqi Police discovered a Katyusha rocket near Kirkuk. The rocket had been placed on a pile of rocks at an angle with a timer attached, possibly targeting the Northern Oil Company. Iraqi EOD disarmed the rocket without incident.
327. May 6 - six engineers working for Iraq's state-owned Northern Oil Company were kidnapped while they were returning from a meeting in Kirkuk.
328. May 8 - insurgents attacked an oil pipeline with an IED at 45 km south from Baghdad. There were no casualties in the attack, but the oil pipeline had to be closed due to the blast. The pipeline carries oil from Dora refinery in Baghdad to Musayyib power station.
328. May 10 - attack on an oil pipeline pipeline carrying oil from Daura refinery to Mussayyib power station.
329. May 15 - attack on pipeline in the Daura refinery.
330. May 16 - insurgents assaulted a car park in northeast Baghdad, killing 18 people and injuring at least 37. Iraqi police said the gunmen shot five guards who were looking after the garage in the Shaab neighbourhood. They then detonated an IED on a parked oil tanker. The bomb killed 13 people.
331. May 20 - a member of the Facilities Protection Service was killed having been shot by two unknown gunmen in the Hayy ar Risalah district of Basrah.
332. May 21- gunmen killed two policemen working in the Oil Protection Facilities in the town of Ar Riyad 40 miles southwest of Kirkuk.
333. May 21 - in al yusufiyah, insurgents detonated an IED on an oil pipeline, starting a massive blaze.
334. May 21 - two Oil Protection Service officers were killed in a drive-by shooting in Tikrit.
335. May 28 - a local government worker who works in an oil refinery was murdered. He was shot twice in the neck in the Abu Al Khasib region of Basra Province by four unknown males on two motorbikes.
336. May 31 - insurgents carried out a rocket attack against an oil pipeline in Riyadh.
337. May 31 - a three vehicle convoy was escorting a pipeline repair team from the Ministry of Oil when it was ambushed with an IED in the Rasheed District in south-western Baghdad. After the initial explosion insurgents then engaged the convoy with small arms fire from a plantation near the Al Taji Gas Factory. Two Iraqi police officers were wounded in the attack.
338. May 31 - a security patrol was ambushed with two IEDs the Ad Daura Oil Refinery in southern Baghdad. It is reported that one security officer was wounded in the attack. 339. June 1 - in northern Iraq gunmen opened fire on Col. Ziyad Tariq, deputy-commander of the oil protection force in Kirkuk, killing him and a bodyguard and wounding another bodyguard as they left a restaurant. Also, a maintenance unit from the oil protection force was attacked by gunmen southwest of Kirkuk and two members were wounded.
340. June 6 - four Northern Oil Company employees were kidnapped on their way to the Ajeel oil site.
341. June 8 - Gunmen in Baghdad kidnapped the director general of the State Company for Oil Projects, Muthana al-Badri in Aazamiya, northern Baghdad.
342. June 9 - in Kirkuk gunmen attacked soldiers guarding a pipeline, wounding three of them and killing one civilian. also on the road between the oil-refinery town of Baiji and Tikrit, gunmen killed three oil engineers.
343. June 12 - six people have been killed in a roadside bomb attack in the southern Daura district in Baghdad. The blast targeted a bus carrying workers to Baghdad's main oil refinery and comes a day after al-Qaeda in Iraq vowed to carry out large-scale after the killing of its leader, Abu Musab al-Zarqawi.
344. June 16 - an employee of the Northern Gas Company was similarly shot dead near the oil city of Kirkuk.
345. June 27 - a suicide car bomb exploded at a gas station in Kirkuk, killing at least three civilians and wounding 14 people who were lined up to get fuel.
346. June 27 - three Iraqi policemen from a unit assigned to protect oil facilities in northern Iraq were injured by a roadside IED. A security source said the three men were injured when a bomb exploded as their patrol passed by in an area north of Kirkuk.
347. July 3 - early morning attack section of Yumurtalik pipeline in the city of Hassan about 40 miles southeast of Kirkuk.
348. July 9 - a sabotage attack along Iraq's vital northern oil export route to Turkey fractured both pipelines and repairs will take at least two weeks.
349. July 11 - insurgents killed an engineer working for the North Oil Company, along with his driver, while he was heading to work in Kirkuk.
350. July 11 - insurgents attacked a convoy carrying security personnel tasked with protecting oil facilities south of Mosul, killing at least 10 troops and injuring scores of others. The troops had been ambushed while on a routine inspection of oil pipes in the region. 351. July 13 - attack on a security patrol of the Northern Oil Company in Kirkuk killed three policemen and wounded six civilians.
352. July 16 - the head of Iraq's North Oil Company, Adel Qazaz, was kidnapped in northern Baghdad.
353. July 28 - attack near Samarra on a pipeline connecting Bayji and the Daura refinery.
354. July 31 - Iraq’s northern pipeline carrying crude from the northern oilfields to Turkey's Ceyhan port was sabotaged and ruptured, delaying the restart of export from a previous attack on 9 July 2006.
355. August 13 - insurgents shot and killed a colonel in the Oil Protection Facilities, a security body charged with guarding Iraq's oil infrastructure. He was shot while waiting at gas station north of Tikrit, 110 miles north of Baghdad.
356. August 13 - approximately 63 Iraqis were killed and another 140 wounded when bombs exploded in the vicinity of a building, rupturing a gas pipeline and causing a gas explosion near the Hawra market in southeast Baghdad.
357. September 1 - an IED attack targeting
an oil pipeline on the outskirts of Musayyib south of Baghdad cut supply to a major electricity station. The pipeline feeds Musayyib's electricity station, which provides power to the cities of Karbala, Najaf, Hillah and Diwaniyah.
358. September 3 - attack on an oil pipeline near Kirkuk.
359. Septmebr 10 - a shooting attack near Bayji. Gunmen in two cars ambushed a bus carrying oil employees, killing four people and wounding one.
360. September 13 - an oil installation guard was wounded in a clash with gunmen who tried to blow up an oil pipeline in al-Fatha using an IED,in an area 20 miles south of Kirkuk.
361. September 17 - an oil pipeline was damaged by an IED in the town of Balad, 55 miles north of Baghdad. 362. September 18 - two militants who attempted an attack a gas tanker were arrested in the area of Shuwan, eastern Kirkuk. The attackers were attempting to hijack the tanker.
363. September 20 - a suicide truck bomb detonated at a police checkpoint at the entrance of a Baghdad oil refinery in southern Baghdad, killing three people and wounding 13 others.
364. September 22 - a pipeline carrying crude oil from the fields around Kirkuk to the refinery in Baiji was ruptured during a mortar attack.
365. September 26 - an IED ruptured gas pipeline at Bayji. No one was hurt when insurgents blew up the pipeline, which connects the Bayji refinery and a gas field.
366. September 29 - two fuel tankers were hit with roadside IEDs southwest of Samarra.
367. October 5 - an IED planted under an oil pipeline was detonated near the village of Ishaqi north of Baghdad. The explosion set fire to the pipeline linking the refinery in Bayji and the refinery in al-Daura.
368. October 7 - a roadside IED hit a fuel tanker being escorted by American troops near Samarra, sending plumes of black smoke into the air.
369. October 28 - a roadside IED targeting security forces guarding an oil industry facility wounded two police officers in eastern Baghdad.
370. October 30 - gunmen attacked a police centre assigned to oil, facilities protection in the city of Bayji, killing two policemen and destroying a police car.
371. November 1 - a roadside IED detonated near the convoy of the security advisor of the Governor of Salah ad Din Province in Bayji. He was unharmed but two of his guards were wounded.
372. November 2 - Gunmen killed a guard of the Northern Oil Company in Kirkuk.

373. November 2 - Sarkot Hikmat Shawkat, an officer with the city's Oil Protection Police, was killed in a drive-by shooting.
374. November 2 - insurgents set up a fake security checkpoint and killed the drivers of two fuel trucks and kidnapped three other people near Baquba.
375. November 13 - Five employees of the state-owned North Oil Company, one of them a women, were ambushed and killed in a small arms attack in the northern outskirts of Baghdad as they drove into the capital.
376. November 21 - In east Baghdad, a roadside IED detonated near an Oil Ministry convoy, killing four people.
377. November 25 - In Kirkuk, police found the bullet-riddled body of a pipeline security guard.
378. November 27 - Two mortar bombs hit the North Oil Co. pipeline-filtering facility northwest of Kirkuk. The resultant fire was burning out of control, and the flow of oil from all of Kirkuk's fields had been shut down to the Baiji refinery to the southwest.
379. November 27 - An IED detonated under an oil pipeline and set it on fire today 20 miles south of Baghdad, and Iraqi andUS forces were sent to secure the area. The pipeline carries crude oil from storage tanks in nearby Latifiyah to the Daura refinery in Baghdad.
380. November 27 - The corpses of two Oil Ministry employees were discovered in the town of Khalis.
381. November 29 - Police colonel ahmed izdeen from the ministry of oil was assassinated by unknown gunmen in Baghdad.

382. December 10 - in 'Rabi`ah, a suicide bomber driving a pick-up truck rammed his vehicle into a parking area full of fuel trucks, setting four oil trucks on fire.
383. December 11 - major fire broke out at an oil storage facility after explosions night in a volatile area south of Baghdad.
384. December 13 - the Daurah oil refinery was hit by mortar bombs which damaged the installation and started a fire.
385. December 13 - Two suicide trucks forced entry into a base of Iraq's oil infrastructure protection force, killing 10 soldiers and wounding six and wounding three civilians. One after another, the trucks ploughed into the military base near the town of Ar Riyad, 50km from the oil centre of Kirkuk and along the pipelines carrying crude to the Baiji refinery. The Strategic Infrastructure Brigade, an army unit formed out of local tribesmen, is tasked with protecting the northern oil fields and the hundreds of miles of pipeline that cross the flat plains of northern Iraq.
386. December 30 - insurgents shot dead two oil company employees in Mosul, northwest of Baghdad.
2007
387. January 10 - Up to 50 Iraqi militants armed with RPG-7 as well as light and medium weapons ambushed a large force of the Oil Protection Force, whom were transporting security equipment. Sources indicated that more than 20 of the Oil Protection Force personnel were killed and more than 20 injured.
388. January 11 - An oil pipeline of the Northern Oil Company was sabotaged and breached near Kirkuk and the oil spill set ablaze.
389. January 21 - Insurgents assaulted guards protecting an oil facility, seized their weapons and vehicles and set an oil well on fire in the town of Dibs.
390. January 22 - An oil technician - an employee of the Northern Oil Company Ltd - was shot to death in the northern city of Mosul.
391. January 23 - A roadside IED detonated near a minibus carrying workers of the Northern Oil Company Ltd while travelling to the oil-refinery city of Baiji, 112 miles north of Baghdad. There were no casualties.
392.February 11 - Gunmen killed Lieutenant Colonel Jamal Mohammad, the chief of serious crimes office of the Oil Protection Force at Bayji and wounded two of his guards. Reports claimed that two of the attackers were also killed.
393. February 12 - Insurgents placed two IEDs on a well of the Northern Oil Company near Kirkut. The explosions destroyed the well and set the oil ablaze.
394. February 13 - Insurgents attacked and destroyed a road tanker with of the National Guard on the highway near Al Buwarah. The driver was killed and a passenger wounded.
395. February 19 - Iraqi insurgents deployed a suicide bomber in a road tanker north of Baghdad.
396. February 20 - Six people were killed and 105 injured after a suicide IED detonated his device in a fuel tanker in the town of At Taji, north of Baghdad.
397. February 23 - A VBIED incorporated into a road fuel tanker exploded in a market in the town of Buhayrat al Habbaniyah in the province of Anba. The explosion killed 40 people and injured 64.
398. February 25 - Two labourers of an oil company were killed and one wounded by a roadside bomb in Kirkuk.
399. February 27 - A convoy of four road tankers carrying oil products was stopped shortly after it left the Bayji refinery by Iraqi militants. The militants shot and killed the drivers and burned the vehicles and the cargo.
400. March 25 - Insurgents killed Ali Amin, director of a gas company, near his house in a drive-by shooting in Mosul.
401. March 26 - A roadside IED destroyed a fuel tanker killing the vehicle crew.
402. March 26 - Insurgents detonated an IED beneath an oil pipeline near Bayji. The attack started an oil fire that burned for several hours before it could be extinguished.
403. April 1 - Insurgents attacked a road tanker contracted to carry fuel to the US military. The incident occurred near a fertilizer factory in the middle of the Muhafazat Salah ad Din province. The vehicle was destroyed in the ensuing fire and both the driver and guard was injured.
404. April 4 - Fuel outlet guard shot dead, Insurgents attacked a petrol station in al Kut, 100 miles southeast of Baghdad, killing one guard and wounding another.
405. April 5 - Insurgents ruptured an oil pipeline with an IED near the border with Kuwait, cutting off supplies from surrounding fields to storage tanks in Basra. The attack occurred just north of Safwan on a pipeline operated by the South Oil Company. The explosion started a major fire which took several hours to extinguish.
406. April 5 - A road tanker supplying coalition forces with fuel was attacked near al-Rayashia in Bayji city with a roadside IED which destroyed the tanker and killed the driver and escort.
407. April 6 - Insurgents detonated an IED under an oil pipeline in southern Kirkut which carries oil from Kirkuk to the Baiji refineries, starting a major fire. The incident occurred near the main road linking Kirkuk to the district of al-Huweija.
408. April 9 - An oil protection guard was killed in a IED attack north of Basra. Two Iraqi soldiers were also killed in the same attack.
409. April 10 - Militants wounded seven employees working in the North Oil Company when they attacked their vehicle.
410. April 14 - A convoy of road tankers from Iran was ambushed and the drivers, five Iranians and one Iraqi, were abducted near the town of Qada' Khanaqin. The following day an Iraqi National Guard patrol found the bodies of the drivers.
411. April 14 - A road tanker supplying fuel to coalition forces near Hadithah was destroyed by a roadside IED. The driver and escort were killed.
412. April 15 - A roadside IED destroyed a fuel tanker supplying fuel to the coalition forces. The incident occurred on the highway near the Japanese bridge in the al-Saklaweya region. The driver and escort was killed in the attack.
413. April 15 - A vehicle of the Oil Ministry was attacked by insurgents in al-Tamah quarter but the passengers escaped.
414. April 15 - Insurgents attacked an Iraqi military base in Mosul with VBIEDs constructed from hijacked fuel tankers. Six Iraqi soldiers were killed in the attack.
415. April 17 - One person was killed and four others were wounded when a suicide bomber detonated his IED that was incorporated into a fuel tanker near an Iraqi army base in the city of Mosul.
416. April 19 - An insurgent suicide VBIED bomber rammed his car into a fuel tanker, killing 10 people and wounding 21 in the southern Jadidah district of Baghdad.
417. April 24 - A suicide VBIED, constructed from a hi-jacked fuel tanker, was detonated on the outskirts of ar-Ramadi City killing six people and wounding another 25.
418. April 29 - An oil pipeline was ruptured near al-Musayyib, about 30 miles south of Baghdad, sending up a large plume of black smoke. The pipeline carries oil from Daura refinery in Baghdad to al- Musayyib power station.
419. April 29 - Insurgents abducted in Bayji the commander of the Facilities Protection Service (FPS) of the Bayji refinery and his driver.
420. April 29 - A large group of insurgents travelling in about 30 vehicles attacked a convoy of 16 fuel tankers and kidnapped the drivers and escorts on a main road near the city of Samarra. The vehicles and their loads were were set alight and destroyed.
421. April 30 - A stolen fuel tanker laden with explosives and chlorine gas was detonated by a suicide bomber near a restaurant west of ar-Ramadi, killing six people and wounding 10 more.
422. May 2 - Suspected Sunni insurgents hijacked four fuel tanker near al-Fallujah, 40 miles west of Baghdad. The insurgents killed the four drivers and took the tankers wither cargo intact.
423. May 4 - Armed insurgents attacked a convoy of 51 fuel tankers and set them on fire on the highway between Bayji and Samarra. The tankers were loaded with oil products from the country’s main refinery complex in Bayji and were reported to be on their way to Ramadi west of Baghdad. The two cities are on the route between the refineries and the Turkish borders. The fate of the divers is currently not known.
424. May 4 - A roadside IED detonated as a road tanker was passing, wounding the driver and setting the vehicle on fire in Mosul. The vehicle and its load were destroyed.
425. May 7 - Four Iraqi insurgents were arrested after Iraqi troops found a large IED planted under an oil pipeline in northern Iraq that carries crude oil to Turkey. About 350 kilograms of TNT were discovered under a stretch of the pipeline in the al-Kasak area, some 80 kilometres west of Mosul. The explosives were removed and safely destroyed.
426. May 12 - A suicide VBIED, constructed from a road tanker, detonated at a police checkpoint on a bridges in a Shi'ite area south of Baghdad, killing 22 people and wounding 60.
427. May 14 - Insurgents abducted nine people from a mini-bus on their way to work at the Bayji oil refinery.
428. May 17 - Three fuel tanker drivers were killed after they were attacked on a road between Mosul and Kirkuk.
429. May 18 - An engineer of the Northern Oil Company was wounded along with two other civilians in a bombing targeting his residence in Kirkuk.
430. May 19 - A roadiside IED in Hawijah wounded four oil employees who were driving past as it detonated.
431. May 20 - A suicide VBIED constructed from a hijacked road tanker killed at least two police officers near a checkpoint outside an open market in ar-Ramadi. Nine other nine officers were wounded. Police opened fire on the vehcile as it approached the checkpoint but the bomber still managed to initiate the device.
432. May 20 - Militants attacked the Oil Protection Force (OPF) patrol while others detonated an IED under an oil pipeline in a complex attack near Kirkuk. The attack targeted a patrol of the 1st Infrastructure Brigade (Oil Protection) during the early hours of 20 May near the village of al-Safra on the Kirkuk-Baiji highway, (65 km) southwest of Kirkuk. Whilst engaged in an exchange of SAF, a second insurgent group placed an explosive charge under the pipeline which detonated, rupturing it over a 2m segment.
433. May 20 - Insurgents ruptured an oil by-products pipeline on fire when they detonated an IED beneath it in the village of Safra, 65 km (40 miles) southwest of Kirkuk. The pipeline is utilized by the Northern Oil Company Ltd.
434. May 21 - Insurgents sabotaged a disused oil well in northern Iraq early in the morning of 24 May, causing a significant fire. The well is owned by the Northern Oil Company Ltd. An IED attached to to the well functioned at about 04:00hrs LT in the Hanjira area, about 25 kilometres (12 miles) northwest of Kirkuk.
435. May 28 - Three soldiers of the Oil Protection Force (OPF) guarding an oil pipeline in Kirkuk were injured.
436. June 1 - An unconfirmed number of security personnel from the Oil Protection Force (OPF) were ambushed and kidnapped by insurgents on the main road to the south-west of Kirkuk.
437. June 4 - A roadside IED detonated while a road tanker was passing it in centre (financial district) of western Mosul. The tanker caught fire and was destroyed and the driver was injured.
438. June 4 - One civilian was killed and another wounded when a guard assigned to protect oil establishments in Kut opened fire on masses of people gathered in front of a new petrol station.
439. June 5 - A fuel tanker was damaged beyond repair and a fuel retail outlet damaged near the US Forward Operating Base at al-Mahmudiyah. An IED, estimated to incorporate about 5Kg of explosives, detonated in the cab of the vehicle.
440. June 5 - Insurgents attacked an oil pipeline near Bayji.The device ruptured the pipeline, setting fire to the resulatant oil spill.
441. June 9 - A suicide vehicle constructed using a road tanker detonated at an Iraqi army checkpoint outside in the town of al-Iskandariyah, killing at least Iraqi 13 soldiers.
442. June 11 - Ten people died in an explosion after a fuel tanker loaded with gasoline, was deliberately crashed into the Tikrit police command, destroying its two-storey building.
443. June 16 - Three men belonging from the Oil Protection Force (OPF)were wounded when a roadside IED detonated near their patrol vehicle on the Riadh-Kirkuk road.
444. June 20 - Insurgents attacked and ruptured a domestic gas pipeline that feeds power stations in northern Iraq.
445. June 21 - A suicide truck constructed from a oil tanker was detonated south Kirkuk, killing 12 people and wounding 70, including policemen and local politicians.
446. June 22 - In southern Baghdad, US soldiers on a routine patrol searched a suspicious fuel tanker and discovered it had been converted into a VBIED. The explosive charge consisted of 14 x 155 mm artillery shells.
447. June 23 - Two officers of the Oil protection Force (OPF), assigned to protect oil pipelines were wounded during an attack on their post 25 miles west of Kirkuk.
448. June 25 - Fifteen people were killed when a suicide bomber ploughed a VBIED constructed from a fuel tanker into the police headquarters of the northern Iraqi town of Bayji. Another 50 people, mostly civilians, were wounded in the attack.
449. June 29 - An IED detonated under an oil pipeline in the al-Mowehlah area of Abu Haswah south of Baghdad, spilling crude oil and sparking a large fire.
450. July 1 - Insurgents attacked a fuel outlet with multiple IED's which resulted in total destruction. The incident occurred in the small Sunni town of Tall al Mishayah, north of Baghdad. There were no casualties.
451. July 1 - in Kirkuk, an Iraqi soldier assigned to bolster local Oil Protection Force (OPF) personnel was fatally shot by insurgents.
452. July 1 - Coalition forces neutralised an IED that had been intended to sabotage an oil pipeline southwest of Kirkuk.
453. July 3 - Insurgents hijacked four oil tanker trucks that were carrying gasoline to Baghdad on the highway north of Hilla.
454. July 6 - Insurgents detonated a roadside IED near an Iraqi Oil Protection Force (OPF) patrol vehicle near Kirkuk, killing one soldier and injuring another three, including an officer.
455. July 11 - Oil Protection Force (OPF) guards clashed with smugglers and confiscated four tankers full of crude oil near a pipeline connecting the Luhais and Rumaylah North oil fields (50 km west of Basrah). There were no casualties in the incident.
456. July 11 - A coast guard was wounded during clashes with armed oil smugglers in the Shatt Al-Arab waterway near the port of Abu Al-Khasib (20 km south east of Basrah).
457. July 12 - In Mosul, the body of an Oil Protection Force (OPF) guard was found on 12 July. Yassin Mohasen Aayed, was killed by gunmen in al-Jesr al-Khames in western Mosul.
458. July 14 - An Iraqi oil tanker was destroyed during a US airstrike in the Shiite area of al-Ubaidi in east Baghdad.
459. July 17 - Just outside the northern town of Bayji, a Turkish truck driver died when a roadside IED targeted his vehicle. The vehicle was destroyed in the ensuing fire.
460. July 18 - In al-Latifiya insurgents hijacked a convoy of three tanker trucks carrying crude oil to the ad-Daura refinery. They killed the drivers took the vehicles wither cargo.
461. July 23 - three employees of Iraqi Oil Ministry were killed and another injured in a small-arms attack on their vehicle in Baghdad.
462. September 18 - Iraq's northern oil export pipeline to Turkey was badly damaged in a sabotage attack.
463. October 19 - insurgents blew up a pipeline near Kirkuk that carried oil to the Bayji refinery.
644. Nov. 11 - An explosion damaged a pipeline near the northern city of Kirkuk.

The Iraq Pipeline Watch has been discontinued. We will continue to update the list occasionally but we no longer maintain the capability to varify the information. Please feel free to send us information about attacks to info@iags.org and we promise to update the list. We apologize to our readers for the inconvenience.



Note: Permanent URL for this page is
http://www.iags.org/iraqpipelinewatch.htm


HURRICANE KATRINA IN NEW ORLEANS
8-25-05 through 8-31-05

Energy Secretary Samuel Bodman said the White House will tap the U.S. Strategic Petroleum Reserve to help ease concerns about the disaster's effect on the nation's fuel supplies. Katrina on U.S. oil production and refinery capabilities may be worse than initial reports estimated and could lead to a national gas crisis in the short-term, analysts warned Tuesday. (Full story)

  • Consumers can expect retail gas prices to rise to $4 a gallon in the near future, Ben Brockwell, director of pricing at the Oil Price Information Service, said Wednesday. "There's no question gas will hit $4 a gallon," he said. "The question is how high will it go and how long will it last?"
  • One of two pipeline companies supplying gasoline to the eastern seaboard of the United States said Wednesday it hopes to be back in partial operation soon. The other pipeline is still waiting for an indication on when electricity to pumps can be restored.
  • The U.S. Navy was dispatching ships to the area, including the SNS Comfort, a floating hospital based in Baltimore, and an amphibious ready group led by the aircraft carrier USS Iwo Jima.

Gasoline prices hit record high -- again

PORTLAND, Maine --Gasoline prices hit a record high for the fourth straight day Tuesday with prices just shy $2.50 a gallon in Maine, which boasted the dubious distinction of having the region's highest gas prices.

The average price for regular unleaded was 3 cents a gallon higher than on Monday and a dime higher than Friday in Maine, according to AAA, which tracks gasoline prices nationwide.

The sharp rise can be blamed on worries about oil supplies from the Middle East, along with reduced refinery capacity due to a refinery fire in Philadelphia last week, said Matthew McKenzie, public affairs of director of AAA-Northern New England.

But even with prices that are more than 50 cents higher than a year ago, people don't seem to be altering their driving habits much, McKenzie said.

"I think it'll have to be over $3 a gallon for people to modify their driving patterns," he said.

Nationally, gasoline prices rose Tuesday to a new high of more than $2.52 a gallon, according to AAA's gasoline survey of 60,000 self-serve stations. That's 20 cents higher than a month ago and 67 cents higher than a year ago.

In northern New England, the average gasoline price was $2.49 a gallon in Maine, $2.48 in New Hampshire and $2.44 in Vermont.

McKenzie said he's not convinced Americans are willing to change their driving styles. America's top-three automakers reported record vehicle sales in July, with the bulk being full-sized pickup trucks and sport utility vehicles, he said.

"It tells me people want a larger vehicle, they want the utility that they bring and are willing to pay the price of poor fuel mileage," he said.

Diesel fuel also reached a record high on Tuesday.

Diesel now averages about $2.56 a gallon in Maine, which was 3 cents higher than Monday and 66 cents higher than a year ago.

Dale Hanington, president of the Maine Motor Transport Association, said trucking companies are having to adjust shipping costs upward and trying to do what they can to better conserve fuel.

"Fuel is 37 percent higher this week than the same week a year ago," he said.

AAA: http://www.aaa.com


BANGLADESH

6-24-05

Thousands Flee as Fire Rages in Gas Field
Thousands of frightened villagers evacuated their homes in northeastern Bangladesh as firefighters struggled to control a blaze at a nearby gas field, officials said.

A hissing column of fire rose nearly 200 feet and spewed mud and rocks despite driving rain at the Tengratila Gas Field in Sunamganj district, a remote area about 110 miles northeast of the capital, Dhaka, said Kalim Uddin, a local lawmaker.

The fire broke out Friday when engineers of the state-owned Bangladesh Petroleum Exploration and Production Co. and Niko Resources Ltd., a Canadian exploration company, resumed drilling at Tengratila.

~~~~~

Parker Drilling Says Rig Damaged in Fire
06.24.2005, 01:21 PM

Parker Drilling Co. on Friday said it expects fire damage to one of its rigs in Bangladesh to be covered by insurance.

The offshore drilling company said the rig, under contract to Canadian exploration company Niko Resources Ltd. in Bangladesh, suffered damage to a substantial portion of its operations, but all personnel were evacuated and no injuries were reported.

Parker said it is working with Niko to control the incident. In a separate statement, Niko said the incident was sparked when a well released an uncontrolled amount of gas.

Niko said the drilling rig was damaged beyond repair and another rig was being brought to the site to stop the gas flow and resume operations. But the company said the site is secure.

Shares of Parker fell 9 cents to $6.80 in afternoon trading on the New York Stock Exchange.


washingtonpost.com Oil sets new record at $58.60

By Bernie Woodall
Reuters
Friday, June 17, 2005; 4:13 PM

NEW YORK (Reuters) - Oil prices set a new record of $58.60 a barrel on Friday, after the United States and other Western nations shut consulates in oil-producing Nigeria following a terrorist threat.

Concerns about the ability of U.S. refiners to cope with strong U.S. demand, despite rising fuel costs, also helped propel prices above the record of $58.28 set in April.

U.S. crude hit the record near the end of Friday's trading session on the New York Mercantile Exchange.

In London, Brent crude also hit an all-time high of $57.95 a barrel on the International Petroleum Exchange, breaking the former record of $57.65 set in April.

U.S. crude settled at $58.47 a barrel, up $1.89. Brent settled at $57.76 a barrel, up $1.54.

The new records are for nearest-month futures, which are July delivery for U.S. crude and August delivery for Brent. U.S. December crude futures hit a record of $60.40 a barrel, the all-time high for any monthly contract.

Worries about security of supply were highlighted by the closure in Nigeria of the U.S., German and British consulates in Lagos, after a warning of a terrorist threat.

Nigeria is the world's eighth-largest crude exporter and the fifth-biggest exporter oil to the United States. Its exports to the United States have risen to 1.1 million barrels per day in the most recent government statistics -- about 10 percent of U.S. crude imports.

While there was concern about Nigeria as an oil source, the country continued to produce and export crude on Friday.

U.S. authorities shut their consulate after a threat involving foreign Islamic militants, U.S. military and diplomatic sources said.

Intelligence information from foreign Islamic militant channels indicated a specific threat to the U.S. presence in Nigeria and its Lagos consulate, a diplomatic source said.

Nigeria has been named by Islamic militant leader Osama bin Laden as a candidate for "liberation" and the United States said last month it had uncovered links between his al Qaeda network and Nigerians.

In a survey of industry executives this week in Boston, more than half considered "political upheaval in a strategic country" as the most likely cause of a disruption in oil supply.

DEMAND STRENGTH

Demand strength also supported prices.

U.S. data this week showed brisk consumption of transport fuels, renewing concerns about refiners' ability to meet peak summer gasoline demand and to build heating OIL and diesel FUEL inventories for later in the year.

"There's still high demand, despite the fact that oil's been quite expensive," said Sam Tilley, head of research at brokerage Sucden UK Ltd. "If there is bigger demand than currently, especially later in the year, will the refineries be able to handle it?"

Demand for gasoline over the past four weeks is up 3 percent from a year ago, while consumption of distillates -- diesel, heating oil and jet fuel -- has risen by 6.5 percent, U.S. government data showed this week.

The strength of demand in the face of high prices has surprised some analysts, but a recent study showed that U.S. retail fuel prices have not risen as much in the past 20 years as many other consumer goods have.

While gasoline is up 67 percent since 1984, all consumer goods are up 92 percent, according to the study by consultancy John S. Herold.

"Even for unleaded regular selling for well over $2 a gallon, gasoline expenditures represent less than 15 percent of the average yearly cost of operating a full-size passenger car," the study said.

U.S. crude inventories are 9 percent up year-on-year. But dealers are worried that spare world production capacity is limited now to heavy-sulfur crude from Saudi Arabia, which needs the type of advanced refinery technology that is already fully employed.

The Organization of Petroleum Exporting Countries this week agreed to raise its production limits by 500,000 barrels per day from July, and put another 500,000 bpd on the market soon if prices remained high.

But Saudi Arabia, the only OPEC member with significant production capacity to spare, said it is already meeting demand for as much as it can sell.

© 2005 Reuters
Alex, From Dick Fojut
     Dick Fojut Graphics
     2622 E. 6th St., Tucson, AZ 85716
     r.fojut@worldnet.att.net
-----------------
     The "Peak Oil" Doomsayers, who moan we're about to run out of oil, may be mistaken. You may have missed this 
astounding April 10th Newsday report. Here is a URL (and a few excerpts)...

     OIL FIELDS ARE REFILLING... NATURALLY - SOMETIMES RAPIDLY
    
There Are More Oil Seeps Than All The Tankers On Earth
- By Robert Cooke
Staff Writer - Newsday.com

http://forum.atimes.com/topic.asp?TOPIC_ID=1106
4-10-5  (also now on the rense.com news website)
     Excerpts only...
    
Deep underwater, and deeper underground, scientists see surprising hints that gas and oil deposits can be replenished, filling up again, sometimes rapidly.
     Although it sounds too good to be true, increasing evidence from the Gulf of Mexico suggests that some old oil fields are being refilled by petroleum surging up from deep below, scientists report. That may mean that current estimates of oil and gas abundance are far too low
     It hints that the world may not, in fact, be running out of petroleum.
     "No one has been more astonished by the potential implications of our work than myself," said analytic chemist Jean Whelan, at the Woods Hole Oceanographic Institution, in Massachusetts. "There already appears to be a large body of evidence consistent with ... oil and gas generation and migration on very short time scales in many areas globally," she wrote in the journal Sea Technology.
-------------------
     Reminder: Australian Joe Vialls' amazing August, 2004 report of Russia's successful DEEP OIL wells, including producing wells in Vietnam...
     RUSSIA PROVES 'PEAK OIL' IS A MISLEADING ZIONIST SCAM
- Joe Vialls, 25 August 2004
http://www.vialls.com/wecontrolamerica/peakoil.html
     Excerpt only...

     In 1970 the Russians started drilling Kola SG-3, an exploration well which finally reached a staggering world record depth of 40,230 feet. Since then, Russian oil majors including Yukos have quietly drilled more than 310 successful super-deep oil wells, and put them into production. Last Year Russia overtook Saudi Arabia as the world's biggest single oil producer, and is now set to completely dominate global oil production and sales for the next century.
--------------------
       P.S.  Although Col. James Churchward's (1930s geological MU books, "Cosmic Forces of MU," books 1 and 2) did not concentrate on the creation of OIL, his unique geological theory about HOW the earth's crust was formed, supports the ABIOTIC OIL theory that new oil is constantly being created deep in Earth's crust.
       HOW? Churchward described that earth's granite crust formed FIRST, solidifying from a nebula of hot elemental gases. Solidifying (rock forming gases) cooled and solidified AROUND (intentionally) "trapped" bubbles or pockets of NON-solidifying, explosive type gases. "Volcanic" gases.
       These pockets of hot "volcanic" gases occupied fully HALF THE VOLUME of Earth's solidifying granite crust, in appearance similar to the cross section of a "Swiss Cheese."
       Continued cooling opened vertical cracks and fissures EVERYWHERE in the granite crust, through which Earth's great CENTRIFUGAL FORCE of rotation moved gases from lower pockets upward through the fissures, overfilling gas pockets near Earth's surface. Overcompressed, the "roofs" of the near surface gas pockets would be forced up until they ruptured in volcanic explosions, as the gases escaped into Earth's atmosphere.
       A Gas pocket emptied, the "roof" would collapse to the pocket "floor." Water would pour in, fill the pocket, and the weight of the water would compress the fallen "roof" into a new layer of "sedimentary" rock.
        Churchward believed that this action, continuing over millions of years, with Earth's Centrifugal Force emptying lower gas pockets and Overcompressing near surface pockets until they blew out, created both Earth's ocean depths - and mountain heights. (The later forging of deep horizontal gas tunnels or "belts," forced up Mountain Ranges above the tunnels below.)
         This forcing upward of deep hydrocarbon gases by Earth's Centrifugal Force continues today. IF volumes of those deep gases along the way upward, chemically and/or mechanically combine to form LIQUID OIL, this may support the ABIOTIC OIL theory of (possibly) endless volumes of oil (and gas) available from depths far below those imagined by the "Peak Oil" believers.

 


Oil prices continue to climb
By Ottawa Business Journal Staff
Thu, Mar 17, 2005 11:00 AM EST

OPEC will meet next week in a bid to deal with the skyrocketing price of crude oil on the world market.

Concerns about tight supplies and a new forecast predicting a further increase in world oil demand later this year drove oil prices above $57 a barrel on the NYMEX Thursday. Gasoline and heating oil prices are also at record highs.

In its March report, OPEC revised its 2005 oil demand forecast higher, predicting demand would hit 83.98 million barrels a day, up 2.2 per cent from 2004 levels. The oil cartel said it expected China to resume importing oil at a strong pace in February and March.

OPEC has agreed to raise its daily quota by 500,000 barrels a day, but oil traders say the move means nothing, as the member countries are already exceeding their previous quota by 700,000 barrels.

At the same time, petroleum product supplies in the U.S. are tightening. The U.S. Energy Department says crude supplies rose by 2.6 million barrels for the week ended March 11. But gasoline supplies dropped by 2.9 million barrels and distillate stocks fell by 1.9 million barrels.


Oil prices rise to record $56.46 even as OPEC increases production

By Brad Foss
The Associated Press
Posted March 17 2005

Oil prices jumped to a record close above $56 a barrel on Wednesday as traders brushed off a largely symbolic effort by OPEC to cool the red-hot market.

Crude futures shot up more than $1 a barrel shortly after the U.S. government said domestic supplies of gasoline and heating oil fell sharply last week. But broader concerns about global demand growth and the ability of oil producers to keep up were the main forces pressuring the market, which was unimpressed with OPEC's decision to authorize the pumping of an extra half-million barrels of oil a day. That's because members of the group supposedly bound by a production quota are already exceeding the previous ceiling by about 700,000 barrels a day, meaning no extra supply will actually be added.

Light, sweet crude for April delivery rose $1.41, or 2.5 percent, to settle at a record $56.46 a barrel on the New York Mercantile Exchange. The previous Nymex settlement peak had been $55.17, set twice in October.

When these higher crude prices work their way through refining and distribution systems, gasoline prices will rise even more for South Florida drivers.


Gasoline prices already are soaring. The average retail price for regular unleaded is $2.06 per gallon, according to the Energy Department, which predicted last week that prices would rise this spring by at least another 10 cents.

In Florida, the average retail price for regular gas reached a record high of $2.09 a gallon, up 14.5 cents from a month ago, according to the AAA Auto Club South's Daily Fuel Gauge Report for Wednesday.

Average prices in the tri-county area also reached record levels. A gallon of regular in Fort Lauderdale cost an average of $2.103, according to the survey, up 12.2 cents over the last month. In the West Palm Beach-Boca Raton area, regular was $2.13 a gallon, up 12.6 cents over the past four weeks and in Miami, gas cost $2.114 a gallon, up 14.4 cents. These figures are averages, so actual prices per gallon may be higher or lower.

Marshall Steeves, an energy analyst at the New York-based brokerage Refco Group Inc., said the oil market rally does not appear to be losing any steam and that, if economic growth continues at the current pace, prices might soon be testing $60 a barrel.

"I think the market is preoccupied with projections of rising demand growth this year and the possibility that demand growth will rise at a higher pace than supply growth," he said.

The International Energy Agency last week raised its forecast for 2005 global oil demand to 84.3 million barrels a day, drawing the picture of a market in which heavy consumption, particularly in the United States and China, will continue to strain supply. That reflects demand growth of about 2 percent.

Other factors pushing oil prices higher include the weak dollar, instability in Iraq, terrorism fears and increased speculation by hedge funds and other well-financed investors.

The speculation is being fueled in part by concerns that the amount of extra output that could immediately be brought onto the market in the event of a supply disruption only amounts to about 1-1.5 million barrels a day, or roughly 1 percent of global demand.

Business Writer Joseph Mann contributed to this report

 

Insurgents Blow Up an Iraqi Oil Pipeline
  By Edward Wong
  The New York Times

  Wednesday 03 November 2004

  BAGHDAD, Iraq - Insurgents blew up a northern oil export pipeline on Tuesday, dealing a severe blow to the national economy, even as car bombs and gun battles across the country left at least 12 Iraqis dead, Iraqi officials said.

  The sabotage of the northern oil pipeline forced a shutdown of crude oil exports to a port in Turkey, Iraqi officials said. The pipeline pumps out 400,000 barrels a day of crude oil and is the frequent target of sabotage.

  Hours after the explosion, firefighters were still battling the pipeline blaze near the city of Kirkuk, where pipelines run from oil fields west to the country's largest refinery in Bayji and north to Turkey.

  An Iraqi oil official in Baghdad told The Associated Press that the amount of crude oil in storage at the port of Ceyhan in Turkey was down to four million barrels, half of the port's storage capacity.

  The attacks on oil pipelines near Kirkuk and around Basra in the south, where the oil fields are much more extensive, have sharply cut into Iraq's main economic hope. American and Iraqi officials are relying on steady oil exports to help revive the stagnant economy in a country where the unemployment rate hovers at 60 percent.

  The Arab news network Al Jazeera reported Tuesday night that it had received a new videotape in which the kidnappers of a British-Iraqi aid official, Margaret Hassan, threaten to turn her over to the group led by the Jordanian militant Abu Musab al-Zarqawi within 48 hours if Britain does not withdraw its troops from Iraq.

  In the first of the bombings on Tuesday, insurgents drove a car bomb up to the Ministry of Education offices in northwestern Baghdad in the morning, killing at least six people and wounding dozens more, said Col. Adnan Abdul-Rahman, an Interior Ministry spokesman.

  The blast took place in the Adhamiya neighborhood a Sunni-dominated area generally hostile to the Americans. People at the scene said two ministry guards in the parking lot, a father and his son, died immediately in the blast.

  In the volatile northern city of Mosul, a car bomb aimed at a military convoy near the police academy killed one person and wounded at least seven security officers, hospital officials said. The target appeared to be Maj. Gen. Rashid Flayeh, the commander of a special security force who had arrived in the city just days ago to assist the local police. He was unhurt in the blast, police officials said.

  At 1 p.m., another car bomb exploded by a convoy of Iraqi National Guardsmen in Mosul, killing two civilians and wounding seven others, hospital officials said. Clashes between insurgents and Iraqi guardsmen in the city's Widha neighborhood left three civilians dead, the officials said.

  The latest attacks came about halfway through the Islamic fasting month of Ramadan. During the holiday, the number of attacks in Iraq per day has spiked by 30 percent, and suicide car bombs appear to be an increasingly common weapon, American military officials say.

  Since April, when a two-front uprising convulsed the country, American-led forces have been unable to dampen what appears to be a growing insurgency, much of it led by disenfranchised Sunni Muslims ousted from power with the toppling of Saddam Hussein.

  In recent weeks, American military officials have been gathering their troops for a planned invasion of the insurgent stronghold of Falluja, 35 miles west of the capital, in the hopes that crushing that sanctuary will break the backbone of the insurgency. Thousands of rebels are believed to have dug into positions in the city, awaiting the assault.

  Prime Minister Ayad Allawi has said he is ready to call for a sweeping offensive in order to bring Falluja into his fold before elections scheduled for January. But Iraq's president, Sheik Ghazi al-Yawar, a leader of one of the largest Sunni tribes in the country, said in an interview with a Kuwaiti newspaper on Monday that he absolutely opposed any military action.

Stocks Fall on Record Oil Prices
10.25.2004, 09:44 AM

Record oil prices and a decline in the dollar have stocks dropping. The Dow Jones Industrial Average is down 20 points in today's early going. Losing issues on the New York Stock Exchange hold a 9-5 lead over gainers.

The Nasdaq Composite Index is off 5 points and the Standard & Poor's 500 Stock Index is down 3 points.

In pre-market electronic trading, crude-oil futures continue above $55 per barrel. As the opening bell rang on Wall Street, a barrel of crude was up 26 cents at $55.43.

BellSouth reported its quarterly results before the opening bell. The local phone giant says its earnings fell 15 percent amid hurricane-related expenses and a decline in advertising and publishing revenue. Overall revenue slipped less than one percent.

On the economic front, the National Association of Realtors is due to release data on September existing-home sales at ten o'clock Eastern time.

 
Crude Oil Prices Surge To $55.67
Associated Press - 10/25/04 6:26:05 AM ET
Crude oil prices Monday surged to a new high of $55.67 on supply concerns ahead of the winter.

PowerLess NZ - The 2007 Peak Oil date explained
Tuesday, 5 October 2004, 12:48 pm
Press Release: Powerless New Zealand

The 2007 Peak Oil date explained

The real point is not so much the exact date of peak but the statement that the First Half of the Oil Age, which was characterised by growing production, is about to be followed by the Second Half when oil production is set to decline along with all that depends upon it. Colin Campbell, Sept 2004.

As peak oil theory begins to break in Governments and the mainstream media around the world there is some confusion as to how we have arrived at the 2007 date.

The following explains in simple terms the 2007 peak date.

It first must be acknowledged that reliable reserve data is difficult to access. Furthermore the process of refining and adjusting the date based on new data is merely part of the scientific process and is not an argument against peak oil or depletion. The fact that global oil production will peak is a fact already evidenced in many large oil-producing countries for example the US, the UK, Venezuela and Norway.

Factors that influence the peak date include world-wide recession which will dampen demand. Military or political factors may curb supply with similar consequences. According to Campbell’s calculations it is a fairly flattish peak which indicates minor adjustments to the input data could shift the peak a few years either way.

One of the most influential industry energy statistics report to come out in recent months is BP's Statistical Review of World Energy. This report served to support a 2007 peak date. Some of the findings are summarised below.

Nine major oil producers have clearly moved beyond peak since 1998 including the UK and Norway (Norway is the 3rd largest OECD producer). Prior to this many other major producers including United States all peaked.

Cumulative depletion amongst this group is now about 1.5 Million barrels per day (Mbpd). Depletion is currently running at 4.91% compounding. In other words declining nations are running out of oil at 4.91% per year.

The remainder of world oil is coalescing around the OPEC nations and the FSU. Combined production increases in these nations increased over 3.66% in the year 2002-2003. Some nations Iran, UAE, Qatar, Kuwait and Saudi Arabia have all increased production over 10%. This level of production increase has been necessary to meet the extraordinary demand, particularly from industrialising nations such as China and India. It is unlikely that these levels of production increase will be maintained even with massive new investment.

Thus, presently we have a situation where the current demand for oil is growing at about 3.5%. We have a combined 3.66% increase in production (we are currently just keeping ahead of demand). The world consumes 82 odd Mbpd. This year supply security has raised it's head as the issue of the day, unsurprising with such a tight supply demand gap.

The clear conclusion to be drawn from the BP statistics is that depletion is now a significant influence and that rapid production increases are sustainable only in a very limited number of nations with high levels of further investment required.

Based on the best currently available reserves data known the peak production is unlikely to be significantly above 90Mbpd. The International Energy Agency (IEA) as well as the OECD authorities claim that production can exceed 110Mbpd within the next 10-14 years however these claims make the assumption that future discovery will be as significant as it was during the 1960s and that major non-conventional reserves (shale oil, oil sands etc.) can be bought on board very quickly. Furthermore the IEA currently underestimate demand growth by about 1.5%.

It is considered probable by many analysts that increasing depletion in some nations will offset much of the non-conventional oil production and discovery taking into consideration long lead in times and levels of investment required.

Nevertheless there is wide acceptance by industry and analysts that about another 4-8Mbpd of conventional oil is possible based on currently available data. Given current demand growth rates this meets demand for another 2-3 years.

Hence we come to the 2007 peak date based on current demand growth, and expectations of production increases offset by existing depletion statistics.

After this date the most likely scenario is that supply will begin to increasingly falter. A global annual decline of 2-3% initially is expected with that figure accelerating a few years later. One thing is certain, after the peak date a mad scramble to maintain current levels of production will ensue, supply will become increasingly erratic with massive investment required to maintain something of a semblance of normality.

Calculations don’t typically take into account political, military or security of supply issues which are already dogging the industry. Minor hiccups in supply from now on are likely to result in supply disturbances further down the chain.

Nobody currently knows where (or if) the oil to meet growing demand beyond 2007/08 is located? In prior world energy reports the IEA have referred to the shortfall as “unidentified non-conventional reserves”.

Current discovery trends typically throw up low yield fields and much of the remaining Middle East oil in increasingly heavy and sulphur laden requiring higher levels of refining. These factors alone point clearly toward an uncertain future in regard to oil production.

Nevertheless the UN, IEA, USGS, the New Zealand Government and the AA all argue that there is enough oil to meet demand until 2030. None of these groups however can say exactly where that oil is. It's just assumed to be there, somewhere, over the rainbow.

To put the problem into perspective consider the following. Saudi Arabia currently produces about 10% of the world’s oil. Almost half of that coming from the Ghawar oil field alone. Ghawar was discovered in the 1940’s and nothing of its size has ever been discovered since. It produces about 5% of the world’s current oil. ExxonMobil argue that beyond 2020 an extra 65-85 Million barrels of oil per day will be needed to meet demand. This is almost double the current consumption. Exactly how much is 65-85 Million barrels per day? It’s in the range of 8-10 times Saudi Arabia’s total oil production.

We suggest this amount of oil simply doesn’t exist on the planet in quantities that are exploitable to meet demand. However, if we are to continue living the fossil fuel driven lifestyles we have all become accustomed to, if we are to continue experiencing robust growing economies quite simply this is what is required.

It is clear then that there is a problem.

The actual date year of “peak oil” is largely academic but we can be sure that serious problems will emerge long before 2020. The symptoms of emerging dysfunction are already manifestly evident. The current rising price of oil, OPEC’s lost ability to control prices with large supply backstops. Increasing concern about the economy it’s relation to oil prices as well as growing worry about supply security. It has recently been expressed that New Zealand may have less than 10 days of on the ground oil reserves. At anytime we are potentially a week away from shortages.

Ref: BP Statistical Review of World Energy, 2003.

Powerless NZ 5 October 2004 PowerLess NZ is a growing group of scientists, energy analysts and concerned citizens whose principle objectives are to alert both Government and the general public to New Zealand’s looming energy crisis. Our aim is to support development of renewable energy resources at both a private and public level, as well as encourage a firm move away from dependence upon fossil fuels. More information about global peak oil and resource depletion can be found at http://www.oilcrash.com/

 

Crude Oil Rises as Hurricane Ivan Threatens U.S. Gulf Supply

Sept. 10, 2004 (Bloomberg) -- Crude oil rose, heading toward the second straight weekly gain, on speculation Hurricane Ivan may disrupt tanker shipments or curtail Gulf of Mexico oil output.

Ivan, with winds of 145 miles per hour, is on a track to reach southwestern Florida Monday and would threaten oil supply if it veers farther west. Platforms in the Gulf provide a quarter of U.S. oil and gas output. Prices rose almost $2 yesterday after the Energy Department said U.S. crude oil inventories fell for a sixth week in a row.

``Ivan could become a big deal if it hits the Gulf of Mexico and shuts down platforms,'' said Peter Luxton, an oil analyst at Informa Global Markets in London. ``It would only have a temporary effect, but right now, any glitch to supply will keep prices well supported.''

Brent crude for October settlement added 16 cents at $42.38 a barrel on London's International Petroleum Exchange at 3:15 p.m. local time, after surging $1.83, or 4.5 percent yesterday. London futures are 6 percent below the all-time high of $45.15 a barrel set Aug. 20.

On the New York Mercantile Exchange, October crude oil was up 28 cents, or 0.6 percent, to $44.89 a barrel in electronic trading. Floor trading in New York was delayed an hour, until 11 a.m. New York time, to commemorate the victims of the Sept. 11, 2001, terrorist attacks.

Yesterday, October crude gained $1.84, or 4.3 percent, to $44.61, the highest closing price for New York futures since Aug. 24.

Supplies Shrink

The U.S. Energy Department yesterday said crude oil supplies fell 1.4 million barrels to 285.7 million in the week ended Sept. 3, which was more than the 1 million barrel decline expected based on the median forecast of 14 analysts surveyed by Bloomberg News. Gasoline inventories fell 2.5 million barrels, about triple the median forecast.

``We had a big drop in supply and now of course we've got this hurricane coming,'' said David Aleman, the managing director of Axis Trading Co. in Beverly Hills, California. ``If it proves to be as strong as they say it is, or could be, we could go back up one or two dollars Monday.''

Hurricane Ivan is advancing west on a path that will take it through the Caribbean Sea, across Jamaica and Cuba, to the eastern edge of the Gulf of Mexico this weekend. Ivan is a Category 4 storm, the second-most severe on the five-tier Saffir- Simpson scale, the National Hurricane Center in Miami said.

Ivan damaged 90 percent of the buildings on the island of Grenada and may reach southwestern Florida by Monday.

Farther West

Most of the U.S. offshore oil and gas production platforms in the gulf are south of Louisiana and Texas. Those parts would be threatened if the storm veered farther west than the path it's currently expected to take.

In any case, tanker deliveries may still be delayed, said George Gaspar, an energy analyst with Robert W. Baird & Co. in Milwaukee. ``Even Venezuela tanker runs to the U.S. could be held until Ivan's eventual path is determined.''

Venezuela exports about 2.2 million barrels a day of oil and oil products, of which more than half goes to the U.S. The country lifted a ban on tanker movements yesterday morning.

State-owned Petroleos de Venezuela said its La Isla refinery in Curacao should be back to full production by the weekend. Valero Energy Corp. is resuming operations at its biggest refinery, located on the neighboring island of Aruba.

OPEC Meets

Oil futures may fall next week as rising production from the Organization of Petroleum Exporting Countries helps replenish global inventories, according to a Bloomberg News survey of traders and analysts Thursday.

Nineteen of 37 respondents, or 51 percent, predicted a decline in New York oil futures. Eleven forecast an increase and seven said prices would be little changed.

``I don't think this market is ready to drop back down to sub-$40 levels,'' Axis's Aleman said. ``You still have the terror threat in the Middle East. And that's not going to go away any time soon.''

A car bomb outside the Australian Embassy in Jakarta, the capital of OPEC-member Indonesia, yesterday killed at least nine people and injured more than 180, leaving a three-meter crater in the road. Jemaah Islamiyah, a Southeast Asian group linked to the al-Qaeda terrorist network, claimed responsibility for the bombing, Agence France-Presse reported.

OPEC meets next week in Vienna to discuss oil production and prices. The group's actual output rose to 29.92 million barrels a day in August, reaching a 25-year high for a second month, according to Bloomberg data.

OPEC's 11 members are Saudi Arabia, Iran, Venezuela, Iraq, United Arab Emirates, Kuwait, Nigeria, Libya, Indonesia, Algeria and Qatar.


To contact the reporter on this story:
Stephen Voss in London 
or sev@bloomberg.net

To contact the editor for this story:
Robert Dieterich at  rdieterich@bloomberg.net.

 


In Largely Quiet Iraq, Pipeline Is Attacked
  By ALEX BERENSON
  Published: September 4, 2004
  NY TIMES
                                                 
                                                  Smoke billowed from an oil pipeline in Kirkuk in northern Iraq that was attacked by insurgents.
                                                  Marwan Ibraham/Agence France-Presse

  BAGHDAD, Iraq, Sept. 3, 2004 - An unusual quiet continued Friday for the second straight day in Iraq, with American forces and insurgents apparently taking a pause after months of heavy combat.

  Still, some violence persisted. In northern Iraq, guerrillas blew up an oil pipeline, and the state-run oil company halted exports as firefighters battled the huge blaze.

  Insurgents have repeatedly attacked oil pipelines and terminals since the fall of Saddam Hussein's government last year. Most of Iraq's oil production comes from fields in southern Iraq near the Kuwaiti border, which are estimated to have the second-largest deposits of oil in the world.

  Last month, Shiite Muslim guerrillas loyal to the cleric Moktada al-Sadr attacked the headquarters of Iraq's Southern Oil Company in Basra, temporarily disrupting production in the south and causing world oil prices to spike toward $50 per 42-gallon barrel. Pipelines in northern Iraq are generally more vulnerable and have repeatedly been attacked.

  Meanwhile, the fate of two French journalists who have been held hostage for two weeks remained unclear on Friday as French government officials and Muslim clerics continued frantic efforts to obtain their release. On Thursday, two French clerics said they would travel to the Mother of All Battles mosque, a huge shrine in northwest Baghdad, to meet with a Sunni clerics association in an effort to persuade the kidnappers to release the men.


  The journalists' fate has become a cause célèbre in France, which opposed the American-led invasion of Iraq and has refused to send its troops here despite more than a year of American appeals.

  In videotapes released this week, the journalists said they could be killed at any time if the French government did not repeal its ban on head scarves for Muslim students. The ban is part of a larger prohibition on religious imagery for students of all faiths, but French Muslims have criticized it as an attack on their freedom of religion. France has said it will not repeal the ban.

  So far this year, more than 100 foreigners have been kidnapped, along with hundreds of Iraqis.

  Both religious and economic considerations appear to be driving the kidnappers, with some companies and governments reportedly paying hundreds of thousands of dollars to win the release of hostages. A cartoon in an Iraqi newspaper this week showed a masked man with an assault rifle standing behind another man wearing a shirt marked "TV" and looking through a camera. The thought bubble over the masked man's head showed a fat bag with a large "$" on it.

  The French journalists are apparently being held by hard-core Sunni Muslim insurgents, which may complicate efforts to win their release. Sunni guerrillas in Falluja and western Iraq appear to be motivated mainly by anger at the United States, not money. They have repeatedly killed hostages, including some Iraqis they accuse of being collaborators, and have released video of beheadings on the Internet.

  http://www.nytimes.com/2004/09/04/international/middleeast/04iraq.html?th

 Iraqis Blow Up Oil Pipeline in Iraq
    By The Associated Press

    Sunday 29 August 2004

    Basra, Iraq - Saboteurs blew up a pipeline in southern Iraq on Sunday in the latest attack targeting the country's crucial oil industry, a senior oil official said.

    The explosion occurred in al-Radgha, about 30 miles southwest of Basra, an official at the state-run South Oil Co. said on condition of anonymity.

    The pipeline, which connects the Rumeila oilfields with export storage tanks in the Faw peninsula, was ablaze after the attack and emergency workers were struggling to put the fire out, the official said.

    Insurgents have launched repeated attacks on Iraq's vital oil industry in a bid to undermine the interim government and reconstruction efforts.

    On Saturday, insurgents blew up another pipeline in the West Qurna oilfields, about 90 miles north of Basra.

    Also Saturday, a domestic oil pipeline in Nahrawan, a desert region 20 miles east of Baghdad, was ablaze, though oil officials could not confirm if the fire was the result of sabotage. The pipeline carries oil to the Dora refinery near the capital.

    It was unclear how the latest attack would affect exports out of the south, which have already fallen to about 900,000 barrels a day - about half the normal average of 1.8 million barrels a day - after an attack Wednesday on a cluster of pipelines linked to the Rumeila oilfields.

 

More Iraqi Pipelines Sabotage

BAGHDAD (Aug. 27, 2004) - Saboteurs attacked two pipelines linking the Rumaila oil fields to export storage tanks in southern Iraq on Friday, an Iraqi oil official said.

Oil exports from the southern terminals at Basra and Khor al-Amaya were running at about 1.5 million barrels per day, compared to 1.6 million bpd on Thursday and 2.0 million earlier in the week.

It was unclear whether the fall was due to sabotage or to normal fluctuation in flow rates, shipping agents said. Saboteurs on Thursday attacked eight pipelines linking a southern oilfield to a pumping station near Basra.

One of the pipelines is 36 inches in diameter linking the South Rumaila oil field to storage tanks at the Zubair One station near the city of Basra. The station pumps crude to Iraqi offshore Gulf terminals for exports.

The second 48-inch pipeline that was hit is also part of the export network, linking the North Rumaila field to storage tanks in the West Qorna oil field.

Another set of pipelines from South Rumaila to Zubair One was attacked on Thursday and was still on fire on Friday, Reuters Television footage showed. A bridge running over the pipelines was also destroyed.

 

Causes sought for deadly Belgium pipeline explosion
 

By OGJ editors

HOUSTON, Aug. 19 -- An investigation is continuing into the cause of a pipeline leak that led to the disastrous natural gas pipeline explosion in southwestern Belgium July 31 that killed at least 16 persons and injured 115 or more. The chain of explosions, which also damaged or destroyed several nearby buildings, occurred at the Ghislenghien industrial site near the French border 20 miles southeast of Brussels.

Fluxys NV, operator of the large diameter, high-pressure transmission line between Zebrugge and the French border, confirmed that a leak has been reported 30 minutes prior to the explosion and that emergency personnel investigating the leak and securing the area were among the casualties.

Acting provincial governor Guy Petit told Belgian media that the pipeline apparently was damaged by construction workers building a road over the pipeline some weeks earlier. After the blaze was extinguished, deep symmetrical gouges, possibly made by a backhoe, were found etched into a section of the pipe, severely reducing pipe thickness. In addition, large jagged rocks had been dumped onto the pipe at the site, without first blanketing it with protective gravel and soil. Fluxys also was said to have increased pressure in the line the same morning, after completing normal maintenance procedures at Zebrugge.

Fluxys, which said disruptions to gas supply were minor, shut off gas to the line following the explosion and diverted deliveries via a parallel line to France, Europe's fourth largest gas market.

Fluxys is owned jointly by Royal Dutch/Shell, French utility giant the Suez Group, and a group of municipalities.

 

Oil Refinery Fires - 2004

August 19 Underground Storage Facility - near Houston, TX
August 13 Chicago's Whiting Refinery

August 2 - Marathon Ashland - Texas City, TX
July 12 - Refinery Blaze - Norway
July 11 - Oil Refinery - W. Deptford, NJ
Ashland Marathon Oil Refinery - St. Paul Park, MN
June 17 - Rotterdam Oil Refinery - Rotterdam, Netherlands
June 16 - Haifa Oil Refinery - Haifa, Israel
June 5 - Oil Storage Depot - Neftekumsk, Russia
June 4 - Oil Refinery - Trainer, PA
May 25 - Pipeline Fire - Venezuela

May 24 -
Pipeline Fire - Olympic, WA
May 14 - Murphy Oil Refinery - Chalmette, LA
April 9 - Giant Industries Refinery - Gallup, NM
April 1 - Exxon Mobil Chemical Plant - Baytown TX
March 30 - Texas City Refinery, BP - Texas City, TX
March 27 - Fire Flint Hills Resources - Rosemount, MN
March 23 - Tulsa Refinery, Sunoco - Tulsa, OK
March 9 - Marathon Ashland Petroleum - Garyville, LA
February 20 - Tesoro Refinery - Martinez, CA
February 1 - ConocoPhillips Wood River Refinery - Roxana, IL

Iraq Pipeline to Refinery Damaged by Explosion, AFX Says

Aug. 20 (Bloomberg) -- An oil pipeline in northern Iraq from Kirkuk to the Baiji refinery was damaged by an explosion, hurting local oil distribution, AFX news agency reported, citing Ali Abdullah, a fireman at the state-run Northern Oil Co.

An explosive device placed on the pipeline blew up at 8.30 a.m. local time, AFX cited him as saying, without giving any further details.

Iraq this month resumed oil exports via pipelines in the north to the Turkish port of Ceyhan, AFX said. Oil output from the Kirkuk fields headed toward Ceyhan have been reaching between 600,000 and 800,000 barrels a day, the highest level in a year for the pipeline, which has often been unusable because of sabotage atacks, AFX said, citing an unnamed official at the Northern Oil Co.

Yesterday, a representative of radical Shiite cleric Moqtada al-Sadr threatened attacks on oil installations if U.S. forces continued an offensive against his fighters in holy city of Najaf. Presse.


To contact the reporter on this story: Stephen Voss in London  sev@bloomberg.net

To contact the editor responsible for this story: Tim Coulter at  tcoulter@bloomberg.net
Last Updated: August 20, 2004 05:39 EDT

  China, Iran sign biggest oil & gas deal

www.chinaview.cn 2004-10-30 

    BEIJING, Oct. 30 (Xinhuanet) -- China's oil giant Sinopec Group has signed a $70 billion oil and natural gas agreement with Iran, which is China's biggest energy deal with the No. 2 OPEC producer.

    Under a memorandum of understanding signed Thursday, Sinopec Group will buy 250 million tons of liquefied natural gas over 30 years from Iran and develop the giant Yadavaran field.

    Iran is also committed to export 150,000 barrels per day of crude oil to China for 25 years at market prices after commissioning of the field.

    Iran's oil Minister Bijan Zanganeh, who is on a two-day visit to Beijing pursuing closer ties, said Iran is China's biggest oil supplier and wants to be its long-term business partner.

    Official figures show that China imported 226 million tons of oil in2003, about 13 percent of which coming from Iran.

    Beijing expects to secure foreign energy supplies by the deals for its economy, which has turned China into a major oil importer but suffers severe power shortages.
I repeat again, if you can afford to buy your winter heating oil now ... DO IT ...

BBC NEWS
Oil nears key $50-a-barrel mark

Traders don't know whether to laugh or cry as oil surges higher
Fresh violence in Iraq has seen oil prices surge to new records, nearing $50 a barrel.

New York light crude reached $49.27 a barrel for the first time in European trading, following reports of a new attack on an Iraqi oil pipeline.

Purnomo Yusgiantoro, president of oil cartel Opec, told reporters he was concerned about the rising oil price.

He added, however, that the group would wait until its next meeting, scheduled for September, before taking action.

"I am concerned to see oil prices continuing to increase. But at the moment, we have not seen cost-pushed inflation," he said.

The UK benchmark, Brent crude oil, recorded a fresh high of $45.15 a barrel.

Analysts warn that prices could go much higher still.

"Oil at $70 is entirely conceivable," for example if "there is a big supply problem and Iraq and Venezuelan oil came off the market", said Bruce Evers, an oil expert with Investec.

Militia threats

The latest price surge was triggered by news that Shia militants loyal to radical cleric Moqtada Sadr had broken into the South Oil Company's headquarters.

According to witnesses, the Iraqi oil company's warehouses and offices were set on fire.

Markets were also jolted by reports of an attack on a local oil pipeline in Northern Iraq.

In New York the oil price had closed at $48.70 on Thursday - yet another high point for the 21-year history of trading in crude oil futures on the New York Mercantile Exchange(Nymex).

New records have now been set in 14 out of the last 15 trading sessions on the Nymex.

US futures have risen by almost 30% since the end of June.

However, when adjusted for inflation, oil prices remain well below the all-time high they reached in the wake of the Islamic revolution in Iran in 1979.

Then, a barrel of crude was worth about $80 in today's terms.

Supply crunch

The latest price rise reflected fears that escalating violence would disrupt oil supplies from Iraq, which controls the world's second-biggest proven reserves after Saudi Arabia.

In London, Brent crude was also higher on Thursday, climbing $1.32 cents to $44.35.

Most analysts predict that prices are set to keep rising, denting world economic growth as companies and consumers struggle with higher fuel and raw material costs.

According to some experts, crude oil will soon breach the $50-a-barrel mark.

The main factor behind the surge in prices is soaring world demand, triggered by accelerating growth in the US, and China's economic boom.

According to recent figures, Chinese crude oil imports rose 40% in the first seven months of 2004 compared with the same period last year.

The jump in demand has left oil producing nations operating close to full capacity.

At the same time, the Iraqi conflict and a recent spate of terrorist attacks in Saudi Arabia has sparked fears that supplies from the Middle East, the world's biggest oil-exporting region, could be disrupted.

Iraqi insurgents and Islamic militants in Saudi Arabia have both launched attacks on oil facilities in recent months.

Production boost

A long-running tax dispute between the Russian government and oil giant Yukos, responsible for 2% of global output, has also underpinned oil prices.


Yukos has warned that asset seizures by the authorities may force it to suspend production.

Earlier this week, worries that Venezuela's output might be disrupted by strikes in the wake of a referendum on whether to keep Hugo Chavez as president further unnerved the oil market.
http://news.bbc.co.uk/1/hi/business/3578452.stm


Oil Prices Hit a New Record Today
    By Simon Webb
    Reuters

    Wednesday 04 August 2004

    London - Oil prices notched up fresh record highs on Wednesday, fanning concern that consistently high prices are denting global economic growth.

    Brent crude rose 35 cents to $40.99 a barrel, its highest level since London's International Petroleum Exchange launched trading in Brent futures in 1988, before edging back to $40.86. U.S. crude struck $44.30 a barrel, 15 cents up from Tuesday's settlement and the highest since oil futures were launched on the New York Mercantile Exchange in 1983.

    "The oil price is of course a concern," said Germany's Finance Minister Hans Eichel. "It could slow economic growth."

    Oil prices have risen by more than one-third since the end of 2003 on worries that accelerating global demand has left supplies tightly stretched with little leeway for disruption. Some analysts fear that the relentless rise could take prices above $50 a barrel, with more damaging repercussions for the global economy.

    Allowing for inflation, prices are near the level hit during the 1973 oil embargo and just over half those during the oil price shock that followed the 1979 Iranian revolution.

    Some wider impact has already has already been felt. U.S. consumer spending in June fell at the fastest rate since September 2001, according to U.S. government data released on Tuesday. High oil prices contributed to the fall as consumers cut back on new vehicle purchases.

    U.S. stocks were expected to open lower on Wednesday after Asian stock markets declined on investor fears that oil prices will hurt corporate profits.

    However, the evidence of further damage to world economies remains patchy. U.S. consumer confidence climbed last week, and figures from U.S. automakers show vehicle sales in the world's largest energy consumer registered robust gains in July.

    But analysts warned that rising prices are set to damage expanding economies which rely on oil imports, such as India, Asia's fourth-largest economy, which imports 70 percent of its crude oil requirements.

    Oil's latest boost was triggered on Tuesday when the head of the OPEC producers' cartel said there was no spare oil immediately available to cool red-hot prices.

    OPEC President Purnomo Yusgiantoro said that Saudi Arabia, the world's biggest exporter, had spare production capacity but could not raise output immediately.

    "The oil price is very high, it's crazy. There is no additional supply," Purnomo told reporters in Jakarta.

    Fear Factor
    Fears of a major glitch in the supply chain at a time when global oil demand is growing at the fastest pace in more than two decades were heightened by attacks on an oil pipeline in Iraq.

    Saboteurs on Tuesday blew up an oil pipeline that supplies Iraq's main refinery and feeds in to the main northern export line, itself already closed for two months.

    Iraqi exports of about 1.8 million barrels per day (bpd) were severely disrupted in May and June due to sabotage on key pipelines in the south of the country feeding the main oil terminal Basra.

    "OPEC's spare capacity is at a historic low level," said Tony Nunan, the manager at Mitsubishi Corp's international petroleum business.

    "Even if something that could disrupt oil exports, like the Iraq war and Venezuela's strike, happens again, OPEC can't boost production immediately to offset it this time."

    The Organization of the Petroleum Exporting Countries, excluding Iraq, lifted output in July to near the highest level in 25 years at 27.57 million bpd as record-high prices enabled members to pump close to full tilt, a Reuters survey showed.

    Saudi Arabia, which made up most of the July increase, has said it would produce 9.5 million bpd in August, just one million bpd below the country's full capacity.

    Oil traders are also nervous that strong demand is preventing global stocks from building ahead of peak winter demand.

    The U.S. Energy Information Administration (EIA) will release its weekly oil stocks report at 10:30 a.m. EDT on Wednesday. The data is expected to show declines in national crude and gasoline inventories although distillate stocks are forecast to rise.

    The weekly report is closely monitored as a barometer for demand in the world's biggest oil consumer.


Pipeline explosions stop all Iraqi oil exports
Last Updated Wed, 16 Jun 2004 18:57:15

BAGHDAD - The main oil export artery in southern Iraq has been sabotaged for the second time in two days.

The attack on the southern pipeline forced authorities in the town of Faw to stop the flow of crude oil to the Basra oil terminal.

Oil exports were halted last month through Iraq's northern pipeline because of a bombing.

An oil official said that due to the damage inflicted on the two pipelines all oil exports from Iraq have come to a halt.

In the northern sector on Wednesday, an oil company security chief was killed in an ambush.

The attacks are likely aimed at hobbling the Iraqi economy.

 

 

Australian oil production declining fast
  by Liamj Friday July 09, 2004 at 10:37 AM

  Latest US EIA data confirms Australian oil production dropping through the floor. Pity Howard is too busy shovelling subsidies out to industry to consider responsible government.

  The latest global oil production data from the Energy Information Agency (USEIA 2004) includes a significant revision for Australian production. The EIA now estimates that in 2003 Australian oil production fell by 18%, and that in the first four months of this year it is down by 15% in comparison to the same period last year.

  This is bad news in anyone's book, worse than older Geoscience Australia and Australian Bureau of Agricultural & Resource Economics estimates. Geoscience Australia estimated that, "Australian stocks of crude oil (in the ground) will be exhausted in 8 (now 5) years if the current rate of production is maintained and there is no discovery of new reserves" (GA 2001a). There have been no significant discoveries in Australia since that time.


  The ABARE study, conducted by Woodside Energy p/l Managing Director  John Akehurst, said: "Projections by Australian Government forecasting agencies indicate that Australia is facing a rapid decline in liquid petroleum production over the next decade. Liquids self-sufficiency is expected to decline from an average of 80-90% over the past decade to less than 40% by 2010." (Akehurst 2002)

  Before reflexive Pollyanna's leap to defend the 'limitless bounty as our birthright' fantasy, I'll quote J.Williams, CEO of Geosciences Australia, testifying to House of Reps commitee last year: "Turning now to petroleum, just to add to our submission, the situation with production to reserves ratio, which was around 11 in the submission, has now deteriorated considerably down to five, which means that our indigenous supplies of liquid crude oil resources are certainly deteriorating. That raises questions of petroleum security and the like" (HoR SCIR 2003).

  John Howards 150% tax rebate/subsidy for oil exploration wont do anything apart from boost bonus's and provide ex-ministers with board seats. As (foreign explorer) Japan Australia LNG (MMI) stated in their submission to the House of Reps (HoR SCIR 2003), "there are few impediments to oil exploration in Australia that rival the generally very low chance of success for finding crude oil."

  Thanks to Little Johnnies foresight, corporations now don't even have to find anything to make a profit! How long will taxpayers subsidise industry to look for what isn't there, while ignoring the major changes required to avert a forced power down?

  http://melbourne.indymedia.org/news/2004/07/73418.php

 

BBC
Supply fears push up oil prices
Oil prices are rising after renewed sabotage of Iraqi oil exports and fears of disrupted production elsewhere.

US crude oil leapt more than 80 cents in Asian trade to break back through the $39 a barrel barrier after several weeks of slackening prices.

A key pipeline in Iraq was sabotaged at the weekend, halving exports.

Meanwhile, traders are nervously eyeing problems in both Nigeria and Russia, two of the most important oil exporters outside the Middle East.

Opec promise

In Russia, Yukos - which accounts for one in every five barrels of oil Russia produces - is on the brink of bankruptcy and has already defaulted on a $1bn loan from Western banks.

The oil firm is facing a tax bill of almost $7bn in arrears, with the deadline for the first installment set for Wednesday.

The company tried to soothe the markets on Monday by saying it had no plans to cut exports this month, but traders fear for the worse.

Dealers are also worried about Nigeria, where white-collar oil union Pengassan is threatening strike action unless ExxonMobil - Nigeria's second largest producer - meets its pay demands.

Oil prices were also on the rise for the fifth consecutive day in London, with the benchmark Brent crude having gained 45 cents to $36.75 a barrel by 0900 GMT.

Last month, the oil producers' cartel, Opec, tried to cool the market by promising to raise production from the start of August.

But the recent spate of supply disruptions is balancing out the impact of the promised action.

"The longer Iraqi exports stay affected, the closer we may creep to $40 a barrel, especially if there's any other bad news on the supply side," said David Thurtell from the Commonwealth bank of Australia.

Story from BBC NEWS:
http://news.bbc.co.uk/go/pr/fr/-/1/hi/business/3869051.stm

Published: 2004/07/06 09:44:18 GMT

MARKET WATCH
Troubles in Iraq, Russia push up London crude futures prices

Sam Fletcher
Senior Writer

HOUSTON, July 5 -- Crude futures prices rose Monday in London with reports of more damage to Iraqi oil pipelines and the possible shutdown of some oil operations by the giant Russian firm, OAO Yukos.

The New York Mercantile Exchange was closed Monday for the US Independence Day holiday, but energy futures prices fell in profit taking Friday ahead of the long holiday weekend. Trading was lower than normal during NYMEX's shortened session Friday, with many participants taking the day off.

NYMEX prices
The August contract for benchmark US light, sweet crudes dropped 35¢ to $38.39/bbl Friday on NYMEX as traders locked in profits from price run-ups in the previous two sessions. The September contract lost 37¢ to $38.46/bbl. On the US spot market, West Texas Intermediate at Cushing, Okla., was down by 35¢ to $38.38/bbl Friday.

Heating oil for August delivery slipped by 0.76¢ to $1.0727/gal on NYMEX. However, gasoline for the same month climbed by 1.88¢ to $1.2444/gal. The August natural gas contract lost 6.9¢ to $6.15/Mcf Friday on NYMEX.

Natural gas prices have not mirrored the recent rise in oil prices "due to a la ck of weather-related demand," said Robert S. Morris in a report Tuesday for Banc of America Securities LLC, New York. "The inelasticity of demand to high natural gas prices remains solid," he said.

However, analysts at Enerfax Daily noted Tuesday that a significant warming trend is expected soon. "Forecasters are predicting periodic heat waves through August in the western, southern, and eastern regions of the nation," they said.

London market reacts
In London, the August contract for North Sea Brent crude lost 15¢ to $35.92/bbl Friday on the International Petroleum Exchange. But it rebounded Monday, up by 38¢ to $36.30/bbl, on reports of additional damage to oil pipelines in Iraq. Gas oil for July delivery was up by $4.50 to $343.25/tonne Monday. However, the August natural gas contract dipped by 3.5¢ to the equivalent of $4.03/Mcf on IPE.

Morris reported Tuesday, "A ruptured pipeline in Iraq on Saturday has reduced exports roughly by one half. There was no word as of Monday evening as to what caused the damage or how long it will take to repair the pipeline. Nonetheless, while US markets were closed on Monday, oil prices rose sharply in London to a 1 month high in reaction to the news."

However, the Organization of Petroleum Exporting Countries' news agency said Monday, "An oil pipeline carrying crude to the Iraqi terminals in the Faw peninsula was set on fire by an explosive device and another explosion damaged a pipeline south of Baghdad."

The London market also was affected Monday by reports that the giant Yukos oil company may be forced into bankruptcy. "Yukos, which produces roughly 2% of the world's crude oil, might be forced to halt output this week because bailiffs had frozen its bank accounts in a tax dispute. In fact, Yukos stated on Monday that it will slash some of its 400,000 b/d of oil and products exported by rail and river this month, but that it would maintain its commitments on all other exports," said Morris.


The average price for OPEC's basket of seven benchmark crudes gained 75¢ to $34.75/bbl Friday, then added another 13¢ for a total of $34.88/bbl on Monday.

OPEC outlook
So far this year, OPEC's basket price has averaged $32.59/bbl, sparking speculation that OPEC ministers may discuss adjusting upward the group's target price band of $22-28/bbl at their July 21 meeting in Vienna. Analysts at Merrill Lynch Global Securities Research & Economics Group, New York, report Venezuela is the primary proponent for raising OPEC's target price. They noted that Venezuela's production capacity has declined by 15% since early 2003, "owing to the effects of the general strike in late 2002." However, they said, "Reliable indications strongly suggest that key member countries will continue to oppose any upward adjustment," although "prices are likely to gravitate generally at or above the top end of OPEC's targeted price band for the foreseeable future (which is the equivalent of $30/bbl for WTI crude)."

It is less clear whether OPEC will stick with previous plans to hike its current production quota of 25.5 million b/d by another 500,000 b/d in August. Traders were rattled last week when Saudi Arabia's oil minister, Ali al-Naimi, said OPEC no longer needs to adjust its total production quota now that prices have reached a "fair" level (OGJ Online, July 2, 2004). Iranian Petroleum Minister Bijan Namdar Zangeneh was quoted Monday by the Iranian news agency as saying, "We believe the oil market is in a balanced position for both oil consumers and producers."

"While incremental barrel availability from Saudi Arabia will rise by the end of the third quarter with Qatif and Abu Safah projects coming online, the fourth quarter of the year also sees a seasonal increase in market requirements for OPEC oil," said Merrill Lynch analysts. "Our supply-demand balance forecasts the 'call on OPEC crude' to be 27.7 million b/d [in the fourth quarter], meaning spare capacity will remain thin even with the Kingdom's projects being completed."

Contact Sam Fletcher at samf@ogjonline.com

Propane truck theft prompts fears
Terrorism not suspected, but officials are cautious

Wednesday, June 2, 2004 

SAN ANTONIO, Texas (AP) -- Two propane-delivery trucks were stolen from a gas company over the holiday weekend, raising fears of what could happen if terrorists got hold of the explosive fuel.

Police Chief Albert Ortiz said Tuesday that his department does not suspect that terrorism was behind the thefts. But officials said that since September 11, such a possibility cannot be ignored.

"Four years ago, we probably would not be too concerned about this, San Antonio FBI agent Patrick Patterson said Wednesday on NBC's "Today."

"It would be a major theft and handled like any other criminal investigation. Because of the nature of the day, we are very, very concerned about the whereabouts of these two trucks."

One of the tankers carried about 3,000 gallons of propane, while the other held 2,600 gallons, police said. The trucks were taken from a parking lot owned by Ferrellgas and have the company logo on them.

Another FBI spokesman, Rene Salinas, said the market for propane in Mexico is strong and that the thieves could have been filling an order, mirroring a similar theft about nine months ago. A nationwide alert has been posted and law enforcement officials in Mexico also have been contacted, he said.


"We don't want to alarm anyone," Salinas said. "But we do want people to be on the lookout."

Also under investigation is the weekend theft of 15 gas canisters from an ambulance supply company.

"We think it is just a coincidence at this point," said Ortiz, who appeared at a Tuesday news conference.

He said five of the stolen canisters were empty, but others contained nitrous oxide, carbon dioxide and oxygen.

Patterson said the theft of the canisters was unusual and they could be used for improvised explosive devices.

Copyright 2004 The Associated Press. All rights reserved.

4 16 pm 

Stolen propane trucks found
Updated: 6/2/2004 2:17 PM
By: News 9 San Antonio Staff

A nationwide search for two propane trucks reported stolen this weekend ended today in Laredo.

Authorities said there is no word on whether the trucks — taken from a Ferrellgas parking lot on Houston Street — had the nearly 6,000 gallons of propane when they were found.

The FBI and Webb County Sheriff's Department are handling the investigation.

Officials also did not report if 15 gas canisters taken from the Methodist Ambulatory Surgery Center in the 1000 block of Brooklyn Avenue were with the recovered vehicles. 


OPEC tries to assuage fears as oil hits record

Neela Banerjee/NYT

Wednesday, June 2, 2004

BEIRUT Members of the Organization of Petroleum Exporting Countries sought Wednesday to calm markets as oil prices topped a record $42 a barrel following the murder of 22 foreign workers in Saudi Arabia, pledging to open oil taps ahead of a formal cartel decision on output quotas.
.
The United Arab Emirates said it would release an additional 400,000 barrels of oil a day as of this month, augmenting the 700,000 barrels a day being pumped by Saudi Arabia.
.
Ali al-Naimi, the Saudi oil minister, said his country's oil facilities were "very secure," but he and other ministers cautioned that an increased oil supply would not guarantee sustainable lower oil prices.
.
OPEC is meeting formally Thursday to consider lifting supply quotas by 2 to 2.5 million barrels daily, or by up to 11 percent.
.
But the weekend killing of the foreign workers in Saudi Arabia and the surge in oil prices have cast a pall over the meeting here, driving home a sense among the delegates that, in the short term at least, there is little they may be able to do to bring prices down.
.
A week ago, Saudi Arabia, OPEC's de facto leader, appeared to have a plan to halt the rise in prices. At an industry conference in Amsterdam, Naimi announced that his country, the only oil producer with significant spare capacity, would be willing to pump a lot more new oil.
.
Prices drifted down over the course of the week, although infighting within OPEC about the Saudi proposals prevented a steep decline.
.
But the attack over the weekend on a residential complex in Khobar, an oil hub on the east coast, fanned fears that terrorism may begin to crimp oil production in Saudi Arabia and elsewhere in the region, and not just in Iraq. The Saudi delegates and others have come to Beirut for the meetings without options to counter those fears in the short term, analysts said.
.
Crude oil for July delivery rose 6.1 percent to close at $42.32 a barrel on the New York Mercantile Exchange on Tuesday, the highest price in the 21 years that oil futures have been traded there. On the International Petroleum Exchange in London, the benchmark oil contract was trading Wednesday afternoon at $38.67, up $2.02.
.
"Clearly, the psychological impact of this was devastating," said Yasser Elguindi, managing director at Medley Global Advisers, a New York consulting firm. "I sense the wind has been taken out of their Amsterdam sails."
.
The weekend attack stoked worries in the markets that many more foreigners, especially in the upper echelons of the Saudi state oil company, Aramco, might leave Saudi Arabia now, possibly affecting production levels, according to Roger Diwan, managing director at PFC Energy, a Washington consulting firm. Industry analysts said some expatriates, in a variety of businesses including oil, were already leaving, and that fears of supply disruptions have added a "risk premium" of $6 to $10 to the price of every barrel of oil.

.
"The question is, will they be able to attack oil facilities?" Diwan said. "We don't know. It's much easier to attack a compound than a facility, and the fact that they haven't attacked one should be reassuring. But the fact is that you will see more violence against civilians, foreigners and non-foreigners, no doubt."
.
Saudi Arabia is widely expected to throw its oil taps wide open in an effort to push prices down. Disagreement within OPEC about proposed increases in production quotas has kept the Saudis' plans from doing much good so far, Elguindi said, and it may be making matters worse by revealing a level of disorganization and fragmentation within the cartel that traders do not want to see right now.
.
Saudi Arabia produced about 8.5 million barrels a day last month and appears prepared to increase production to about 10 million barrels a day for the next few months, said Lawrence Goldstein, president of the Petroleum Industry Research Foundation in New York. But there, too, problems loom. The kind of new oil the Saudis can offer is high in sulfur, but most refineries want low-sulfur crude, which is better for making gasoline, Goldstein said. He and other analysts said that the new oil may help hold down gasoline and heating oil prices in the fall and winter, but would do little to ease the upward pressure on prices now.
.
The New York Times





Ihttp://cnn.netscape.cnn.com/news/story.jsp?floc=NW_1-T&oldflok=FF-APO-PLS&idq=/ff/story/0001/20040524/0726576860.htm

Drivers Eye Vegetable Oil As Cheap Fuel

By LAURA WALSH
05/24/04 07:26

WESTON, Conn. (AP) - As the nation grapples with pumped-up gas prices, car owners are turning to their favorite restaurants for a solution: recycled vegetable oil.

 Environmentalists have been using the fuel alternative for years as a way to cut back on sooty emissions, but as gas prices soar above $2 a gallon, they say their ``veggie cars'' are also a great way to save some cash.

 Every two weeks, Etta Kantor drives to a local Chinese restaurant to fuel her blue Volkswagen Jetta. She calls ahead and the owner knows to put aside a few buckets of used oil just for her. At home, Kantor uses a colander and a bag filter to remove water and any food particles.


 The vegetable oil is then poured into a 15-gallon tank that sits in the back of her Jetta, where a spare tire would usually be kept. With a touch of a button, located above the radio, Kantor can switch from diesel fuel to vegetable oil in seconds.

 ``Oh, I zip around town, go fast on highways. It's not any different,'' said Kantor, 58, of Weston.

 Restaurants have to pay to get rid of their old vegetable oil and are happy to give it away for free.

 ``It saves us a couple of dollars and it helps to save the environment a bit so I thought, 'Why not?''' said Shawn Reilly, a co-owner of Eli's On Whitney, a restaurant in Hamden.

 Reilly estimates that it costs between $40 and $60 a month to have the oil removed otherwise.

 The restaurant's only oil collector, Bridgeport resident Aaron Schlechter, says he picks up about 30 or 40 gallons twice a month from Eli's. He uses it to fuel his car for his 170-mile commute every day to his job as an environmental consultant in Staten Island, N.Y.

 ``The only way that I can assuage my guilt by driving this awful distance is by driving something that isn't consuming fossil fuels and has much more environmentally friendly emissions,'' Schlechter, 29, said.

 Vegetable oil is becoming such a rage that a Massachusetts company called Greasecar, is buying it in bulk from a distributor and selling it to local customers. It sells for 90 cents a gallon, said company founder Justin Carven.

 Since 2001, Greasecar has also been selling conversion kits, like the one in Kantor's car, that allow diesel cars to run on the recycled oil. The kits only work on diesel engines. About 200 kits were sold in the past year, Carven said.


 A standard conversion kit sells for $800 at Greasecar.

 ``Once you install it, though, you are saving hundreds and hundreds of dollars,'' he said. ``The product usually pays for itself within the first year.''

 Using the conversion kit, the car must be started and stopped on diesel fuel. A separate fuel tank is installed to hold the vegetable oil. Once the car is running and the vegetable oil has heated up, it can be switched over to run on just the vegetable oil.

 The oil must be heated because it is thicker and tends to congeal in the cold weather, Carven said.

 Similarly, Liquid Solar in Ithaca, N.Y., has contracts with a few local restaurants to collect their used vegetable oil. And in Santa Rosa, Calif., a group of 50 people have formed a co-op to buy the oil in bulk from a local manufacturer and then filter it for their own use.

 Although the Environmental Protection Agency has given a stamp of approval for vegetable-based biodiesel, it hasn't approved any recycled oil for sale, said Christine Sansevero, an environmental engineer for EPA.

 ``You just don't know what's in that oil,'' she said. ``There could be metals, other chemicals that, when burned, could create something you didn't intend to burn. It could also be fine, but it's an unknown.''

 Biodiesel is a fuel derived from plant oil or animal fat, Sansevero said. It can be used in pure form but it is often blended with regular diesel. The most common form is B20 - a blend of 20 percent biodiesel and 80 percent petroleum diesel.


 Veggie car owners agree that biodiesel is another renewable fuel source, but say it isn't as cost effective or eco-friendly. Pure biodiesel costs about $1 more per gallon than diesel, Sansevero said. B20 costs about 20 cents more per gallon than diesel, she said.

 The trend is catching on, especially for those who have a distance to drive.

 The Healing Waters Band had a Greasecar conversion kit installed in its bus for a recent seven-week tour across the country. The band used a blended biodiesel mix to start and stop the engine, and vegetable oil for the rest.

 The band left its hometown of San Diego on a full tank of vegetable oil and then filled up again at a Chinese restaurant in Missouri before buying 500 gallons during a stop at Greasecar in Massachusetts.

 ``We only spent $200 that would have normally cost us about $1,200, and we probably could have done it all for free if we kept stopping (at restaurants),'' said Tony Thorpe, 34, a bassist and vocalist for the band.

 In Connecticut, Kantor is hoping to start her own small distribution center so she and others won't have to rely so heavily on restaurants for fuel.

 ``You know that _expression, 'If you build it, they will come.' Well, if we make it accessible, people will use it,'' Kantor said.

 © Copyright The Associated Press. All rights reserved. The information contained In this news report may not be published, broadcast or otherwise distributed without the prior written authority of The Associated Press.

Also see: <http://www.greasecar.com/>

 
May 21, 2004
OPEC Offers Little Hope on Fuel Prices
By HEATHER TIMMONS

LONDON, May 20 - The president of the Organization of the Petroleum Exporting Countries said Thursday that there was little the group could do to lower fuel prices anytime soon, because OPEC's oil production quotas were not the main problem. His remarks contradicted statements last week by Saudi Arabia, the cartel's leading producer, calling for increases in the quotas to ease price pressures.

Purnomo Yusgiantoro, who is both the cartel's president and the energy minister of Indonesia, said that the recent sharp rise in retail prices for gasoline and other fuels was "due to factors beyond OPEC's scope." In a meeting with reporters Thursday morning, Mr. Purnomo said that speculation, geopolitics and structural problems in the United States gasoline market were to blame for the run-up in pump prices in America.

Even so, he said, representatives of OPEC members will meet informally this weekend at an oil industry conference in Amsterdam to consider Saudi Arabia's proposals for raising production quotas by 1.5 million barrels a day.

Analysts said such a step would be largely symbolic, since almost all the cartel's members were already exceeding their quotas and pumping
as much oil as they could. 

"The price today is a high price, and we want it to be lower," Mr. Purnomo said in an interview Thursday afternoon at the Indonesian Embassy in London. But it would be very difficult for OPEC to overcome high prices by itself, he said, because simply pumping more crude would not address shortages of refinery capacity and other "downstream" bottlenecks and problems.

Fuel prices are becoming a more significant political issue in the United States, with pressure mounting on the Bush administration to act, by tapping the strategic petroleum reserve or by getting OPEC to produce more oil. Energy Secretary Spencer Abraham, who was also in London on Thursday, told reporters that he planned to discuss ways of cooling prices with OPEC members at the Amsterdam meeting, but declined to give specifics.

On Thursday, seven state attorneys general sent a letter to President Bush, asking him to urge Attorney General John Ashcroft to join them in investigating whether oil and gas companies and OPEC are colluding to drive up prices.

"We're asking the federal government to prove that it won't be a prisoner of energy interests in this country or worldwide," said Richard Blumenthal, the Connecticut attorney general, during a conference call with reporters.

Investigations into possible antitrust violations have often been conducted in the past when oil prices rose, but they have generally found little if any evidence of wrongdoing. "Just because we have not found it does not mean it's not happening," said Bill Lockyer, the California attorney general, during the call.

The 11 members of OPEC produce about one-third of the world's oil supply. Iraq is a member, but it has not been included in quota agreements since it invaded Kuwait in 1990. Policy makers who had hoped that production in Iraq would revive and help bring down world prices have so far been disappointed. Though sanctions on Iraq were lifted after the United States-led invasion in March, persistent sabotage has held down the amount of oil the country has been able to ship.

At the root of the global problem, Mr. Purnomo said, is global demand for oil that is far outrunning forecasts. "Everyone got it wrong," he said, adding that OPEC was awaiting the results of a study about the effects of oil prices ranging up to $34 a barrel over the long term, rather than the range of $22 to $28 a barrel the cartel had assumed before. The benchmark grade of light, sweet crude for June delivery closed at $40.92 a barrel in New York, down 58 cents from Wednesday's close.

Oil experts said Mr. Purnomo's assessment of the causes of high oil prices and OPEC's ability to affect them were a mixture of political posturing and fact.

"He's half right," said Fareed Mohamedi, chief economist for PFC Energy, a Washington-based consulting firm. Strong demand for crude oil and gasoline have helped drive prices up, Mr. Mohamedi said, but "it's also the issue that OPEC and especially Saudi Arabia have not fully opened up the taps."

Other experts said that only Saudi Arabia still had enough idle production capacity to affect global oil prices and that an increase in quotas for the rest of OPEC was meaningless. Already, the group as a whole is producing about 2 million barrels a day more than its 23.5 million barrel quota; raising the quota would only put a different label on what is already going on, they said.

"This is more of a public relations exercise" than a serious plan to lower prices, said Leo Drollas, deputy director and chief economist at the Center for Energy Studies, a London-based research firm. 

In response to the criticism, Mr. Purnomo said that the Saudi plan was just a proposal and that the members of the cartel had not approved it. Other ideas may also be considered, he said, without giving details.

In addition to an overall shortage of refining capacity in the United States, where refineries are running at more than 95 percent of their maximum, Mr. Purnomo said that variations in auto emissions standards from state to state also drove fuel prices higher. "You can't easily move excess capacity from state to state," he said.

The state attorneys general agreed on Thursday that adopting a single national standard could alleviate some supply problems. Analysts said that would also make it less difficult for refineries overseas to supply the American market.

No matter what OPEC decides to do, there is little or no chance of relief in June, Mr. Purnomo said, because the tankers used to carry crude oil to market are already booked for the month and no more are available. "I cannot change production in June," he said.

Mr. Purnomo also met with Gordon Brown, the chancellor of the exchequer, as Britain calls its finance minister. Afterward, Mr. Purnomo described the meeting as an exchange of ideas that did not include pressure on OPEC. But Mr. Brown issued a statement saying that "it is crucial for the stability and prosperity of the world economy that OPEC act now to achieve a more sustainable oil price."

http://www.nytimes.com/2004/05/21/business/21oil.html? pagewanted=print&position=j2997

The internet responds to gasoline prices: 

IT HAS BEEN CALCULATED THAT IF EVERYONE IN THE UNITED STATES DID NOT PURCHASE A DROP OF GASOLINE FOR ONE DAY AND ALL AT THE SAME TIME, THE OIL COMPANIES WOULD CHOKE ON THEIR STOCKPILES. AT THE SAME TIME IT WOULD HIT THE ENTIRE INDUSTRY WITH A NET LOSS OF OVER 4.6 BILLION DOLLARS WHICH AFFECTS THE BOTTOM LINES OF THE OIL COMPANIES.

THEREFORE MAY 19TH HAS BEEN FORMALLY DECLARED "STICK IT UP THEIR BEHIND" DAY AND THE PEOPLE OF THIS NATION SHOULD NOT BUY A SINGLE DROP OF GASOLINE THAT DAY. THE ONLY WAY THIS CAN BE DONE IS IF YOU FORWARD THIS E-MAIL TO AS MANY PEOPLE AS YOU CAN AND AS QUICKLY AS YOU CAN TO GET THE WORD OUT. WAITING ON THIS ADMINISTRATION TO STEP IN AND CONTROL THE PRICES IS NOT GOING TO HAPPEN. WHAT HAPPENED TO THE REDUCTION AND CONTROL IN PRICES THAT THE ARAB NATIONS PROMISED TWO WEEKS AGO?

REMEMBER ONE THING, NOT ONLY IS THE PRICE OF GASOLINE GOING UP BUT AT THE SAME TIME AIRLINES ARE FORCED TO RAISE THEIR PRICES, TRUCKING COMPANIES ARE FORCED TO RAISE THEIR PRICES WHICH EFFECTS PRICES ON EVERYTHING THAT IS SHIPPED. THINGS LIKE FOOD, CLOTHING, BUILDING MATERIALS, MEDICAL SUPPLIES ETC. WHO PAYS IN THE END? WE DO! WE CAN MAKE A DIFFERENCE. IF THEY DON'T GET THE MESSAGE AFTER ONE DAY, WE WILL DO IT AGAIN AND AGAIN. 

SO DO YOUR PART AND SPREAD THE WORD. FORWARD THIS EMAIL TO EVERYONE YOU KNOW. MARK YOUR CALENDARS AND MAKE MAY 19TH A DAY THAT THE CITIZENS OF THE UNITED STATES SAY "ENOUGH IS ENOUGH"
Posted on Wed, May. 19, 2004

$3 a gallon gasoline predicted


Associated Press

People with gas-guzzling sport utility vehicles aren't going to like what Dallas oilman Boone Pickens is saying about oil prices.

The 75-year-old oil tycoon, who has been almost alone in his assertion that oil prices are likely to stay well over $30 a barrel, now has a new prediction.

"I think you'll see $50 before you see $30 again," he said.

On the New York Mercantile Exchange Monday, oil was $41.85 a barrel. It was the highest intraday price in the 21 years the contract has been trading.

Pickens goes on to say that he thinks gasoline might go to more than $3 a gallon in the next few months.

"I think you could see $45," he told the Houston Chronicle in Wednesday's editions. "We're getting pretty high. All the fundamentals would indicate they can go even higher."

Pickens is well known for his hostile takeover bids for Gulf Oil, Phillips Petroleum and Unocal in the 1980s.

Memorial Day weekend will give some clues as to what price will get people to stop driving, Pickens said.

"I thought a long time ago that the public had mentally accepted $2 gasoline prices," he says. "They just realize that $2 gasoline isn't that expensive compared to other markets around the world, so $2 was digested. Now I don't know how much more they're willing to accept."

He says if the prices get as high as $3 a gallon, it might curb demand, which will ease the current squeeze in refining.

He says that refining capacity - not oil - is the driver of the gasoline price.

Prices have stayed high thus far because of increasing demand, lack of refining capacity and unrest in the Middle East.

So far his prediction that oil would stay above $30 a barrel has been right, giving credibility to his idea that it will go to $45 or $50.

Information from: Houston Chronicle

 

More From The Oregonian  

Kerry scolds Bush about record price for gasoline

Republicans say congressional Democrats are stalling an energy bill that would help cut fuel costs
Wednesday, May 19, 2004
JEFF MAPES

Democrat John Kerry finished his Portland campaign trip Tuesday criticizing President Bush for failing to keep gasoline prices from reaching record highs.

Republicans immediately fired back that Kerry and other Democrats are partly to blame for the high prices because they've resisted passage of Bush's energy bill. The measure seeks to encourage more domestic production of oil and development of alternative energy sources.

The fresh political fight -- erupting as the national average gas price has climbed to more than $2 a gallon -- came as Kerry met on Oregon's primary election day with unemployed workers at a Northeast Portland job training center to pin blame for the state's economic doldrums on the Bush administration.

Oregon is considered one of about 18 key battleground states in the country, and both sides think Oregon voters are particularly likely to cast their ballots based on their pocketbooks.

Surrounded by an appreciative audience at the Portland Metropolitan Workforce Training Center, the Massachusetts senator said Bush has not followed up on his promises during the 2000 campaign to prod the Organization of Petroleum Exporting Countries to boost production.

"Well, I haven't seen any jawboning, have you?" said Kerry, the presumptive Democratic nominee. "All I read about are sweetheart deals with Saudi Arabia."

It was a reference to criticism that Bush has been too close to the Saudis and reports he had talked with them about trying to get low gas prices before the election.

White House press secretary Scott McClellan, who has defended Bush's record with Saudi Arabia, said administration officials will meet with oil countries to encourage increased production to help bring prices down.

"We will continue to talk to both OPEC and non-OPEC members around the world on these matters," said McClellan, adding that he was encouraged that Saudi Arabia has said it wants lower prices.

In addition to prodding OPEC, Kerry said he also wanted to temporarily stop filling the Strategic Petroleum Reserve -- which holds oil stocks in case of a serious supply disruption -- to put downward pressure on prices during the summer travel season. That's when "families really feel the pinch" of high gas prices and the tourism industry has much of its business at stake, Kerry said.

"We need a president who is fighting for the American worker, the American family, at the fuel pump to lower the price of gasoline in the United States," said Kerry.

However, he said he wasn't ready to go as far as some Democratic members of Congress, who have called for releasing supplies from the strategic reserve.

Sen. Gordon Smith, R-Ore., harshly attacked Kerry's record in a conference call with reporters, saying that his colleague "represents socialism at home and appeasement abroad."

Smith and McClellan said the key to long-term stability in gasoline prices rests with the energy bill stalled in Congress that has several provisions to increase production and provide new incentives for alternative energy.

Democrats charge that the bill is mostly a giveaway to energy producers, and Kerry said in an interview with The Oregonian that the measure wouldn't do any good.

"If the energy bill were to pass yesterday or a year ago, it would not change the supply," he said.

Although many environmentalists who support Kerry have encouraged taxing oil to encourage a shift to other forms of energy, the Democrat said that is "not my choice of how to do it."

He argued that tax incentives and higher mileage standards are among the steps that could be taken to encourage increased use of such things as hybrid vehicles, which are particularly popular in the Portland area.

Kerry returned to Washington, D.C., where he will meet today with independent presidential candidate Ralph Nader, the longtime consumer advocate who is blamed by many Democrats for Al Gore's loss in the 2000 election.

It was unclear Tuesday night what Nader hoped to get out of the meeting, but there was no indication he would get out of the race as many Democrats have hoped.

Jeff Mapes: 503-221-8209; jeffmapes@news.oregonian.com

 

Gasoline retailers take hit as refiners see margins widen

Toronto price war gives consumers a brief respite

By PATRICK BRETHOUR
Wednesday, May 19, 2004 - Page B4

CALGARY -- Gasoline retailers are suffering -- even while consumers grumble about stratospheric pump prices -- as refineries see their margins soar to unprecedented levels.

Marketing margins, or the difference between the retail price and wholesale cost of gasoline, fell by three-quarters over the last week, according to the most recent survey from Calgary-based M.J. Ervin & Associates Inc. At the same time, refiner margins -- or the spread between gasoline's wholesale price and the cost of crude oil -- have jumped to a record high of 22 cents a litre, more than double the January average.

The steep increase in the refiner margin equals 90 per cent of the increase in the cost of gasoline since January, and reflects the inability of North American refineries to keep up with fuel demand, according to industry analysts.

Today's report from the U.S. Energy Information Administration could push down refiner margins if it shows that gasoline inventories are on the rise, said Michael Ervin, president of M.J. Ervin.

And the halt in the rise of crude, which fell by $1.01 (U.S.) to $40.54 yesterday on the New York Mercantile Exchange, may also lessen upward pressure on gasoline prices. At the same time, the Organization of Petroleum Exporting Countries has been hinting that it may boost production quotas, output, or both.

Pump prices could also drop if the Bush administration authorized the release of crude from the U.S. Strategic Petroleum Reserve, or at least a halt to inflows. U.S. Energy Secretary Spencer Abraham again rejected calls to do so, repeating the White House position that the SPR is intended to guard against severe supply interruptions, not to manage prices. But one Texas oil analyst said politics could soon trump economics, prompting U.S. President George W. Bush to draw on the SPR.

"Bush is going to do anything he can to get re-elected," said Citigroup analyst Kyle Cooper, pointing out that the U.S. president's approval rating has declined sharply this month.

Although U.S. pump prices continue to set new records, gasoline costs have levelled off in Canada, thanks to a price war in Toronto.

That has given consumers in Canada's most volatile market a brief respite, but has meant that retailers are actually selling gasoline for less than their wholesale cost. The steep decline in Toronto prices, down 7.1 cents a litre to 81.9 cents for regular gasoline, pushed the nationwide average down 0.7 cents to 89.7 cents from last week's record high of 90.4 cents.

Mr. Ervin said he expects the steep fall in the Toronto market will be short-lived, with prices likely rebounding by late today, since it is highly unlikely that retailers will continue selling gasoline for 3.7 cents a litre less than it costs them.

Retailers in much of the rest of the country are not selling at a loss, but their margins have narrowed to historically low levels. Mr. Ervin said the nationwide average marketing margin is 1.1 cents a litre, down from 4.4. cents last week.

The refiner margin, however, has been rising sharply this month, up 75 per cent from its April average of 13.1 cents a litre. The federal Competition Bureau, which launched an investigation into soaring gasoline prices earlier this month, has said that it will scrutinize refiner margins as part of its inquiries.

Meanwhile, the federal Conservatives gave new details of their plan to trim gasoline taxes. Finance critic Monte Solberg said that, under the Conservative plan, although the Goods and Services Tax would not be charged on federal excise taxes, it would continue to be levied on top of the provincial equivalents. Mr. Solberg said it would be more costly and complicated to stop charging GST on all excise taxes.

Also, he said that the Conservative proposal would not affect the provincial portion of sales taxes in areas where the GST is harmonized with provincial levies.

The cost of gasoline

The rise in gasoline prices since January is almost entirely due to the steep increase in refiner margins - the spread between gasoline's wholesale price and the cost of crude oil. The increased cost of crude oil has had less than half the impact.

Percentage breakdown of the cost of a litre of regular gasoline

January

Marketing margin: 7%

Refiner margin: 14.4%

Taxes: 41.9%

Cost of crude: 36.7%

May 18

Marketing margin: 1.2%

Refiner margin: 24.5%

Taxes: 36.3%

Cost of crude: 37.9%

SOURCE: M.J. ERVIN & ASSOCIATES INC.


Iraq car bomb slaying sends oil price up

May 18, 2004 - 8:05AM

New York's main crude oil contract shot to a record high Monday after a car bomb slayed the head of the Iraqi Governing Council, deepening concerns over Middle East security.

Light, sweet crude for delivery in June rose 17 cents to finish at 41.55 dollars a barrel, the highest settlement in the 21-year history of the contract on the New York Mercantile Exchange.

In electronic trading before the official open, the contract hit an all-time high 41.85 dollars. Adjusted for inflation, current prices are still far below the 1990 highs struck before the Gulf War, however.

Brent North Sea crude oil for delivery in July rose five cents to 37.91 dollars.

"It is still in a definite uptrend," said Refco market analyst Marshall Steeves.

Most traders expected a weekly update on US commercial crude oil inventories, due Wednesday, to show higher stockpiles, he said.

But "fears of terrorism are trumping that," Steeves said.

A car bomb killed governing council head Ezzedine Salim, 61, outside the high-security coalition headquarters in Baghdad.

He was the second member of the US-appointed council killed since the interim leadership was set up 10 months ago.

The assassination highlighted the threat of sabotage hanging over the oil market, Steeves said.

"There is also a fear that it is going to spread to Saudi Arabia," he said.

Confidence in the security of Middle East oil was shaken May 1 when gunmen attacked a Saudi oil facility at Yanbu port, killing five employees of the Swiss engineering group ABB and a Saudi national guard soldier.

Traders also worried about supplies of US gasoline in the coming high-demand vacation period, particularly because varying state-to-state rules on gasoline content made it harder for refiners to meet demand.

The market was "very strong," said GNI-Man Financial trader Lee Elliott in London.

"If something happens in the Middle East or elsewhere, prices will move much higher," Elliot said.

© 2004 AAP

 

Supply Worries Push Gas Prices to Record Highs
05/14/2004
by Larry M Edwards

SAN DIEGO -- Investor fears of insufficient gasolines supplies in the coming summer months have pushed gas prices to record highs for the second week in row.

But it's not just at the pump that consumers are feeling the price pinch. The higher cost of fuel is also raising the cost of transportation, which is being passed along to consumers in the form of fuel surcharges and higher prices of basic commodities.

The average price of self-serve regular gasoline in the San Diego area at noon today was $2.283, 7.4 cents higher than last week, 4.5 cents above last month, and 41 cents higher than it was a year ago, according to the Automobile Club of Southern California.

Utility Consumers' Action Network, which conducted a survey last night, pegged the average cost for a gallon of regular gasoline at $2.32, the highest average in San Diego history. The consumer watchdog has asked the governor to declare a state of emergency.

"Analysts say that there is continuing concern by traders that gasoline demand in the summer may outstrip supply," said auto club spokesperson Carol Thorp. "These supply jitters are pushing prices up so much that we are seeing new retail price records daily throughout Southern California and the nation.

"Wholesale gasoline prices shot up to $1.70 per gallon last week, dropped for a few days, and now have climbed to $1.70 again," she added.

In California, the Central Coast region has the highest priced gas, averaging $2.387 a gallon, an increase of 6.6 cents over last week, according to the auto club. In the Los Angeles-Long Beach area, gas is $2.266 a gallon, 8.2 cents higher than last week, 3.8 cents higher than last month, and up 37 cents from a year ago.

By comparison, the national average for gasoline is $1.950, 9.3 cents higher than last week and a new record high. Nearly every major city surveyed reported a record high.

The cheapest gas prices reported by the auto club are in President George Bush's home state, where the average price in Dallas is $1.822 a gallon and in Houston it's $1.804 a gallon.

Travel costs rising

The federal Energy Information Administration raised its forecast for gasoline prices for summer driving season, projecting that regular gasoline prices will average $1.94 a gallon at pumps from April to September.

There is a silver lining to this dark cloud, however, according the Automobile Association of America. Lower lodging and meal costs should help vacation travelers compensate for record high gas prices this year, according to AAA's annual vacation costs survey. Lodging and dining costs should be about 4 percent lower this year than in 2003.

The AAA does not expect summer travel to be curtailed because of the higher gas prices. "The summer vacation trip is something Americans are reluctant to give up," AAA spokesman Geoff Sundstrom told Knight Ridder Newspapers.

That said, a recent summer travel outlook survey by Roper Reports concluded that Americans may cut their trips short, stay in cheaper hotels or eat in less expensive restaurants.

Those traveling by air are likely to see higher costs as well. Most major airlines have announced fuel surcharges to offset the higher cost of fuel. Late last month, American raised its fuel surcharge on tickets from $20 to $30 for most round trips in the United States and Canada. Delta and Continental followed suit.

American, the world's largest carrier, said its fuel costs rose 10.8 percent in the first quarter, jumping $79 million to $808 million. The airline paid an average $1.01 a gallon for fuel, up from 94 cents a gallon a year earlier. For every 1-cent a gallon increase in fuel prices, the company's cost goes up by $30 million a quarter, officials said.

The trucking industry is also feeling the pinch. Two weeks ago, more than 300 independent truck drivers stopped hauling goods to and from the Port of Oakland, disrupting the flow of goods in protest of stalled contract negotiations. The truckers want a fuel surcharge to cover the rising cost of diesel fuel, among other changes in their contracts.

Drag on the economy

The higher fuel costs affect everything from the price of milk to going out to dinner, said John Hawkins, chairman of the Greater San Diego Chamber of Commerce and president and CEO of Cloud 9 Shuttle, which primairly serves air travellers.

"The cost of gas is a drag on the economy, it's very inflationary," he said. "It all trickles up to the consumer."

He pointed out, for example, that several trucking companies have raised their rates by 25 percent to accommodate the higher cost of diesel fuel.

Although Cloud 9 has not raised its fares, the cost of gas is near the trigger point, and if the prices remain high, and it appears likely, rates will have to go up 2 to 3 percent, Hawkins said.

"It's not a matter of maintaining a profit, it's a matter of survival," he said.

The air travel industy is just now getting back to where it was pre-9/11, but rising fuel costs have become a threat to that resurgence.

Appeal to the Governator

The rising cost of gas prompted UCAN to ask Governor Arnold Schwarzenegger to declare a fuel emergency. In a letter dated May 10, Executive Director Michael Shames recommended several steps the state government could take to provide some relief to consumers.

For starters, he urged the suspension of the sale of 89 octane gasoline in the state. Eliminating this grade of gasoline would free up the equivalent of nearly 200 million gallons of storage at terminals and stations around the state, based upon industry observer estimates, Shames wrote.

His second recommendation was for the state to deploy California Public Utilities Commission electricity inspectors as "refinery cops" to conduct spot checks on refineries that are undergoing planned or unplanned operation outages and prevent the "economic perversion" of the 2001 electricity crisis.

Shames also wants the state to impose a windfall profits tax on oil companies that are "opportunistically gouging" their customers.

"UCAN believes that actions must be taken . . . to reduce market dysfunction and perhaps reduce the likelihood of violent price swings this summer and next year," Shames wrote. "The first step would be that your office declare a state of emergency, thus allowing yourself and the Legislature to act immediately.

"By taking this action, you will send a message to the public that you are engaged and concerned about the phenomenally high gasoline prices," Shames continued. "And you'll be sending a message to the oil companies that the state will not tolerate the current gouging of California's consumers."

  Gas prices still rising: Demand, oil costs blamed for sharp increase

By Holden Parrish - Assistant City Editor

POCATELLO - Though already at record highs, gas prices have yet to hit their peak, a state fuel expert said Thursday.

Dave Carlson, director of public and government affairs for AAA Idaho, said paying $2 for a gallon of unleaded gasoline by summer is "certainly not out of the realm of possibility." He added prices could hit that mark in two weeks if one or two minor crises occur.

"Given the circumstances, they could go even higher," he said.

But Carlson said the prospect of gas prices hitting $3 per gallon is a stretch.

"If we hit $2 on average, there's going to be enough noise that something will be done," he said.

Rising crude oil prices, Carlson said, are the biggest reason Idahoans can expect to pay more for gas.

He was uncertain if prices would continue to escalate through the summer.

"That's the time when you see higher demand. That usually translates to higher costs," he said.

Carlson said the average price for a gallon of gas in Pocatello is $1.79, two cents higher than the national standard but nearly eight cents cheaper than the average for all of Idaho.

Carlson said Idahoans paid an average of $1.65 per gallon for gas last year. He expects that average to increase at least a dime by the end of 2004.

"My guess is $1.65 would be a nice price for Idahoans to have this year," he said. "Times have changed."

The U.S. Energy Administration predicts a 4 percent increase in gasoline demand this summer over last summer, Carlson said, noting that fuel costs actually leveled off last summer.

Carlson said oil refineries are currently in the process of switching production from a wintertime blend to a summertime blend. The new gasoline must reach the pumps by June 1, he said.

"That switchout usually means there's a cut in supplies and a subsequent rise in prices," he said.

Another reason for high prices, Carlson said, is the different gasolines refineries must produce to satisfy requirements that vary from state to state and even community to community.

Idaho and the rest of the country wouldn't be as susceptible to the price fluctuations if those refineries were to generate a blend that would meet everyone's requirements, he said.

Even so, Carlson said an upward trend in gas prices might be unavoidable.

"There are some regulatory ways we can address the volatility of the marketplace, but that doesn't mean we can affect what is done by some countries and organizations such as OPEC," he said.

According to its Web site, AAA Idaho provides its members with travel insurance and financial and automobile-related services. Carlson said its parent organization, the American Automobile Association, is the automotive equivalent of the Better Business Bureau.

Five ways to spend less at the pump

- Keep tires properly inflated: Underinflated tires can cost you up to 8 percent of your fuel efficiency.

- Buy cheaper gas: About 95 percent of the cars manufactured today don't require premium petrol, yet 20 percent of gasoline sold is of the higher-octane variety.

- Drive and start slower: Avoid jack rabbit starts and unnecessary use of the accelerator. This will improve your gas mileage.

- Consolidate trips: If you can do in one trip what you would normally do in three, you'll use less gas.

- Drive fuel-efficient vehicles: For those who own more than one car, use the vehicle that gets better gas mileage when possible.

Source: Recommendations by AAA Idaho (http://www.aaaidaho.com/)

Holden Parrish is the Journal's assistant city editor and covers politics and general assignment stories. He can be reached at (208) 239-6001 or by e-mail at hparrish@journalnet.com.

 

Refinery fire spews smoke over area

Blaze is the third in less than a year
Saturday, May 15, 2004
By Steve Cannizaro
St. Bernard/Plaquemines bureau

For the third time in 11 months, a fire struck the Murphy Oil USA Refinery in Meraux on Friday afternoon, alarming neighbors who saw heavy black smoke rise from a crude oil unit. Officials said the blaze was caused by the failure of a pump seal.

No one was injured in the 12:20 p.m. fire, which was extinguished in about 30 minutes.

"It looked worse than it was because of the black smoke," St. Bernard Parish Fire Chief Thomas Stone said. The fire "was contained very quickly."

The crude unit, used during the first process in the refining of gasoline, will be shut down for a short period, possibly a day or two, refinery manager Greg Neve said. Murphy produces about 2 million gallons of gasoline, or about 50,000 barrels, per day, he said.

If the crude unit were down for an extended period, Neve said, it could affect production.

The rest of the refinery operations will remain open, he said.

Officials also said air quality samples will be taken to see if the surrounding area was affected by the burning crude.

Stone said the fire wasn't serious enough to activate the parish's First Call automated emergency notification system, which phones people who live within an area expected to be affected by a fire, chemical leak or other hazard.

"There was no danger outside of the refinery," Stone said.

A small section of East St. Bernard Highway in front of the plant closed for about 45 minutes, sheriff's officials said.

Several people who live near the refinery said they were concerned because they heard a booming sound that made them fear an explosion, which officials said wasn't the case.

"I'm more than nervous," said Jamie Case, whose family lives on Ohio Street at Jacob Drive, next to the refinery. "When I hear a high-pressure release it makes me nervous. You wonder if it's a prelude to something else."

The refinery was closed for more than three months after a major fire last June and experienced a smaller fire in November. No one was injured in either blaze.. . . . . .

Steve Cannizaro can be reached at scannizaro@timespicayune.com or (504) 826-3834.

 

The global oil crisis: you ain't seen nothing yet
May 15, 2004

Spring is in the air, the birds are singing, and the gentle revving of 200 million American automobiles fills our ears. The US summer driving season is nearly upon us (it traditionally starts with the Memorial Day weekend at the end of May). During this happy season, US motorists account for an estimated 12 percent of the world's oil consumption.

Oil which has hardly ever costed more than it does now.

Ah, the global oil crisis: shaping up nicely, isn't it? A barrel of crude oil now costs $41.10 (£23.09) in New York (just 5 cents short of its record price) and $37.40 US dollars (£21.11) on London's International Petroleum Exchange.

Bad things are going to happen if the price keeps going up. As Professor Andrew Oswald of Warwick University said recently: "Oil prices at $50 would tip the world into a recession."

And it hardly looks like there’s going to be a let up. Access to Iraqi oil reserves is proving rather less straightforward than the US would have hoped when they launched their vast oil-seeking occupation. And worldwide oil consumption is growing fast. A large factor in this growth is, of course, the Chinese economy. As Daniel B. Canton of the Appalachian State University puts it:

A billion Chinese are discovering cars along with capitalism. As U.S. jobs disappear to China and India, their populations are more able to afford automobiles. China is already making a few million cars per year, India over half a million and growing 20 percent a year. World oil consumption is doubling about every 25 years and will probably increase faster with these new markets.

And here's the crunch point: it has been estimated that, by the year 2010 somewhere between 30 and 60 percent of China's domestic oil consumption will be met by imported oil - imported mainly from the Middle East. So, the situation in the Middle East, currently worsening by the day, is going to increase in significance as China's oil consumption grows.

And what China (or the US, for that matter) doesn't want to read is the latest twist in the tale... a meeting has just taken place between the parliamentary speakers of America's #1 fan, Iran, and the 'central banker' of middle-eastern oil, Saudi Arabia. And it was a very friendly meeting.

Saleh bin-Abdullah bin-Hamid of Saudi Arabia is reported to have said: "The past experience proves that good relations between Iran and Saudi Arabia can benefit both countries, as well as the whole region" - a region currently part-occupied by the whore-dog America.

Hojjatoleslam Karrubi of Iran said: "The only way to confront the enemies of Islam effectively is to achieve Islamic unity at global level." And as we all know, a global consolidation of Isam is America's worst nightmare. Worse even than a unified Europe.

So we've got a gas-thirsty America stuck in a messy foreign war, with a trade deficit in March alone of $46 billion (the result, largely, of oil imports). And we've got an unstable Saudi Arabia, vulnerable to terrorist attacks, strengthening its ties with Iran, and affirming its distaste for the US occupation of Iraq. If things keep going this way, the Chinese are going to have to invade the region themselves, just to try and sort matters out.

But as we all know, the consumption of oil by humankind can’t go on forever. The last great oil field, the Ghawar field in Saudi Arabia with reserves of some 87 billion barrels, was discovered 45 years ago. We can see the darkness at the end of the oil pipeline. And so it might be an idea to follow the advice of Professor Canton:

Let's invest our billions of dollars into renewable energy development instead of wasting it on making Iraq our filling station.

 

Breaking News
Crude Futures Move Up
Dow Jones Newswires

NEW YORK -- Crude-oil futures set another record Friday, fueled by lingering concerns about U.S. gasoline supply, terrorist attacks disrupting oil facilities, and OPEC's ability to heed its own members' calls for more output.

At the New York mercantile Exchange, crude set for June delivery added 30 cents to settle at $41.38 a barrel. Overnight, the contract shot up to $41.45, and went as high as a record $41.56. The previous record was $41.15, set in 1990 in the run-up to the Persian Gulf War.

June heating-oil futures eased 0.78 cent to $1.0409 a gallon. June gasoline added 0.96 cent to $1.4101 a gallon, and June natural gas lost 7.9 cents to $6.401 per million British thermal units.

At London's International Petroleum Exchange, June Brent crude settled 27 cents higher on expiration at $38.76 a barrel after hitting a high of $38.95 -- matching a high last seen on Oct. 10, 1990. The July contract settled 15 cents higher at $37.86 a barrel after earlier touching a high of $38.20.

Concerns about gasoline supply as the summer driving season goes full throttle continued to be a dominant theme in the U.S. market. The federal Energy Information Administration reported strong weekly demand and a surprise drop in gasoline inventories earlier in the week. Forecasts actually called for a buildup in inventories. Now, any wrench in the supply chain is worrisome to traders.

At this point, fear is driving the market higher more than fundamentals, analysts said. U.S. crude-oil inventories climbed to the 300 million barrels mark last week, easing fears about tight oil inventories. "There's no real tightness seen in the U.S.," said Ed Silliere, an analyst who trades for Energy Merchant, referring to crude-oil stocks. "Inventories are not particularly lean."

Still, doubts linger over the safety of Iraqi oil supply. Iraq still hasn't been able to repair a damaged pipeline carrying crude to export terminals in the Persian Gulf. That problem since last Saturday has reduced Iraq's southern exports by 30%, the head of the South Oil Company said Thursday.

A State Oil Marketing Organization official in Baghdad confirmed that exports from the South were still low Thursday, but he didn't say by how much. The sabotage explosion in the Faw Peninsula has stopped the flow of crude through one of the pipelines that feeds the Basra oil terminal, the country's key export point. But another pipeline continues to work normally.

Meanwhile, Organization of Petroleum Exporting Countries President Purnomo Yusgiantoro urged member countries to produce more oil to cool record high prices, OPEC officials said Friday. Saudi Arabian Oil Minister Ali Naimi already has called on OPEC to increase quotas at least 6% when it meets June 3. The members will meet informally May 22, on the sidelines of an energy forum in Amsterdam.

But one OPEC minister publicly dismissed the idea that raising oil production would bring down high prices. Qatar's Abdullah bin Hamad Al Attiyah said, "I don't think increasing the quota will calm prices because there's oversupply in the market now." He claimed geopolitical uncertainties have added some $8 a barrel to the price of crude.

(END) Dow Jones Newswires

05-14-04 1648ET

 

May 14, 2004
  NY TIMES
  OP-ED COLUMNIST

  A Crude Shock
  By PAUL KRUGMAN


So far, the current world oil crunch doesn't look at all like the crises of 1973 or 1979. That's why it's so scary.

  The oil crises of the 1970's began with big supply disruptions: the Arab oil embargo after the 1973 Israeli-Arab war and the 1979 Iranian revolution. This time, despite the chaos in Iraq, nothing comparable has happened ­ yet. Nonetheless, because of rising demand that is led by soaring Chinese consumption, the world oil market is already stretched tight as a drum, and crude oil prices are $12 a barrel higher than they were a year ago. What if something really does go wrong?

  Let me put it a bit differently: the last time oil prices were this high, on the eve of the 1991 gulf war, there was a lot of spare capacity in the world, so there was room to cope with a major supply disruption if it happened. This time there isn't.

  The International Energy Agency estimates the world's spare oil production capacity at about 2.5 million barrels per day, almost all of it in the Persian Gulf region. It also predicts that global oil demand in 2004 will be, on average, 2 million barrels per day higher than in 2003. Now imagine what will happen if there are more successful insurgent attacks on Iraqi pipelines, or, perish the thought, instability in Saudi Arabia. In fact, even without a supply disruption, it's hard to see where the oil will come from to meet the growing demand.
But wait: basic economics says that markets deal handily with excesses of demand over supply. Prices rise, producers have an incentive to produce more while consumers have an incentive to consume less, and the market comes back into balance. Won't that happen with oil?

  Yes, it will. The question is how long it will take, and how high prices will go in the meantime.

  To see the problem, think about gasoline. Sustained high gasoline prices lead to more fuel-efficient cars: by 1990 the average American vehicle got 40 percent more miles per gallon than in 1973. But replacing old cars with new takes years. In their initial response to a shortfall in the gasoline supply, people must save gas by driving less, something they do only in the face of very, very high prices. So very, very high prices are what we'll get.

  Increasing production capacity takes even longer than replacing old cars. Also, major new discoveries of oil have become increasingly rare (although in my last column on the subject, I forgot about two large fields in Kazakhstan, one discovered in 1979, the second in 2000).

  Petroleum engineers continue to squeeze more oil out of known fields, but a repeat of the post-1973 experience, in which there was a big increase in non-OPEC production, seems unlikely.

 So oil prices will stay high, and may go higher even in the absence of more bad news from the Middle East. And with more bad news, we'll be looking at a real crisis ­ one that could do a lot of economic damage. Each $10 per barrel increase in crude prices is like a $70 billion tax increase on American consumers, levied through inflation. The spurt in producer prices last month was a taste of what will happen if prices stay high. By the way, after the 1979 Iranian revolution world prices went to about $60 per barrel in today's prices.

  Could an oil shock actually lead to 1970's-style stagflation ­ a combination of inflation and rising unemployment? Well, there are several comfort factors, reasons we're less vulnerable now than a generation ago. Despite the rise of the S.U.V., the U.S. consumes only about half as much oil per dollar of real G.D.P. as it did in 1973. Also, in the 1970's the economy was already primed for inflation: given the prevalence of cost-of-living adjustments in labor contracts and the experience of past inflation, oil price increases rapidly fed into a wage-price spiral. That's less likely to happen today.

 Still, if there is a major supply disruption, the world will have to get by with less oil, and the only way that can happen in the short run is if there is a world economic slowdown. An oil-driven recession does not look at all far-fetched.

  It is, all in all, an awkward time to be pursuing a foreign policy that promises a radical transformation of the Middle East ­ let alone to be botching the job so completely. 

 Bob Herbert is on vacation
  http://www.nytimes.com/

An explosion resulted in a large reduction in oil exports in Basra
Iraq, Economics, 5/11/2004

Iraqi oil sources announced yesterday that oil exports from al-Basra port were greatly reduced after the blowing up of an oil pipeline to the south of Iraq on Saturday.

The engineering department at the American occupation forces said earlier that oil exports were stopped from the key southern ports after the attackers blew up pipelines feeding these ports.

The spokesman for the engineering department said that fire is still ablaze in the pipelines in the southern side of Fao peninsula after the attack which took place on Saturday morning.


On the other hand, a source at the fire fighting department said that fire was set on Sunday in the oil pipelines that arrives in Khour al-Amya port to the south of Iraq because of the attack.

Fire, however and smoke columns were seen on Sunday from far in part if the pipeline, situated 40 Km to the south of al-Basra.

Worthy mentioning that the said pipe transports crude oil from southern Iraq fields to its center was exposed on Saturday to a similar attack.

Worthy mentioning that the oil pipelines are often exposed to attacks in the north and south of Iraq. Observers say that these aim at preventing the occupation authority and the Iraqi government, appointed by it, from benefiting from oil.

 

Last modified Friday, May 7, 2004 

End the midgrade gas scam


California refiners produce and sell about 15.5 billion gallons of gasoline annually ---- and will sell about 17 billion gallons next year. Imports from refiners outside California are prohibited by the mandated use of smog-control additives, such as ethanol.

This peculiar situation has created an island market similar to the gasoline market in Hawaii. This isolated market sets us up for very sophisticated manipulation by the refiners, all within the current state of the laws in place.

As a lawyer who spent 40-plus years in the energy industry, I can summarize here a very simple regulation change, proposed by independent fuel research groups and ignored by the oil industry and their buddies in Sacramento, aimed at increasing the availability of the most-needed grade of gasoline without increasing production.

Every U.S.-produced automobile is designed to operate on 87 octane gasoline. Less than 5 percent of automobiles in use in the USA require 91 octane. No automobile produced anywhere requires 89 octane gasoline.

Why would an industry market a product that has no real use? It does this because the amount of gasoline California refineries can produce is finite. Seventy-five percent of the gasoline produced is 87 octane, the most needed and used grade. The other 25 percent is midgrade (89 octane) and premium (91 octane).

People who drive cars that require 91 octane should be able to buy it in a free market. But this market segment requires less than 5 percent of California production. The remaining 20 percent dedicated to producing and selling midgrade 89 octane gasoline is the market manipulation practiced by the refiners, marketers and politicians.

This trick reduces the crude supply available for 87 octane, thereby driving up its cost to us, which also "floats all boats" by forcing up the price of 89 and 91 octane gasolines. The answer to this trick is for Sacramento to prohibit production and sale of 89 octane gasoline under the current Unfair Business Competition Law as a market manipulation practice.

This simple act would free up an additional 20 percent of refinery capacity for 87 octane gasoline. Drivers who don't want to use regular and want to buy higher-octane fuel that is not required for their car would be able to get 91 octane at a price lower than they now pay for 89 octane.

Somewhat unnoticed in this market is what the big retailers like Costco have done. They do not offer 89 octane gasoline, thereby increasing their tank space for regular gas and permitting lower prices. Every Costco station is jammed with us regular guys, who don't need or miss the 89 octane "price boat floater."

Contact your legislator about forcing this correction into the gasoline market.

Jim Tierney lives in Murrieta.

 

 
Four still hospitalized from oil refinery explosions
Firefighters douse flames at the oil refinery Thursday morning.
Last Update: 04/09/2004 
By: Todd Dukart

Four men remain hospitalized after being severely burned in two explosions at an oil refinery east of Gallup Thursday morning.

Billy Moore, who is the refinery’s safety officer and a county commissioner, is in satisfactory condition at University of New Mexico Hospital in Albuquerque. Mike Saunders and Vincent Azua are in critical condition, and Phillip Brown is in serious condition. Saunders is a volunteer firefighter for a nearby community and a volunteer deputy for the sheriff's department reserves.

Two other employees, Kerry Vandever and David Larry, were treated at a Gallup hospital and released.

Federal investigators will help determine the cause of Thursday’s explosion that triggered another blast at the Giant Industries refinery, some 15 miles east of Gallup.  State police say the initial explosion occurred in a unit of the refinery that produces high-octane fuel, causing a second blast in the same area.

A vice president of Giant, Leland Gould, says the refinery remained closed Friday morning.

The FBI is conducting a routine investigation into the blasts.  The U.S. Chemical Safety and Hazard Investigations Board also sent out a team from its Washington, D.C., headquarters. The board is an independent government agency.

They plan to survey the damage over the next few days, interview plant managers and workers, and look through company documents.

A 3,000-yard perimeter had been evacuated, including about 200 employees at the refinery and customers at the nearby Giant Travel Center south of the refinery.  There are no homes within a mile of the area.

Mike Kerstein was at the travel center at the time of the blast.  He said he could feel the entire building shake.  Kerstein said a huge fireball could be seen burning above the refinery as he and other customers were evacuated.

Interstate 40 remained open, but police discouraged travel in the area Thursday.

 

The Associated Press contributed to this report.

Date:  Tue Feb 25, 2003  2:31 am
Subject:  Oil Soars as US Prepares Iraq Resolution

Oil Soars as US Prepares Iraq Resolution
Mon February 24, 2003 03:11 PM ET

NEW YORK (Reuters) - Oil prices sizzled near two-year highs on Monday and looked set to stay there well into March as a new U.S.-British draft resolution set the stage for war against Iraq. Forecasts of more cold weather at a time when U.S. fuel supplies are running low sent heating oil futures prices to all time highs and natural gas prices to their 2-year peaks.

U.S. light crude rose 90 cents, or 2.5 percent, to $36.48 a barrel, within sight of 29-month highs above $37 struck last week, and nearing an all-time high of $41.15 hit in the build-up to the 1990-91 Gulf War. Brent crude in London jumped 91 cents to $33.18.

Prices rose as the United States and Britain prepared to introduce a draft resolution to the U.N Security Council declaring that Baghdad has failed to take advantage of the final opportunity to disarm peacefully.

The United States has said it will disarm Iraq by force if necessary, despite widespread international opposition to war and concern that rising energy costs could smother a weak world economy.

Oil markets fear an attack in Iraq, the world's eighth biggest exporter, may hit supplies from the Middle East, which supplies about 40 percent of globally traded crude.

UK Foreign Secretary Jack Straw said the U.S. and Britain want a U.N. decision on Iraq within about two weeks of submitting the new resolution to the Security Council.

On March 7 chief U.N. weapons inspector Hans Blix will report to the United Nations. Secretary of State Colin Powell on Sunday said he expected the Security Council to make a judgment soon after the report.

Blix has set a March 1 deadline for Iraq to begin destroying banned al-Samoud missiles and show it is cooperating with demands to rid itself of any biological, chemical and nuclear weapons.

SCRAPING THE BARREL

An 11-week oil strike in Venezuela has already run down U.S. stocks of crude oil to their lowest level since 1975, strengthening concern over the impact of any supply disruption in the Middle East.

"We're running on empty," said Gary Ross of New York consultancy PIRA Energy.

Sustained cold weather in the United States has also run down fuel stocks and heating oil futures surged four percent on Monday to hit $1.15 a gallon -- the highest level since NYMEX launched futures trading in 1978.

Temperatures in the U.S. northeast, the world's largest heating oil market are forecast to be below seasonal norms this week. High prices for rival fuel natural gas has further fired up demand for oil.

Traders said tankers were lining up to load vital barrels from Russia, the world's second oil exporter and an emerging supplier to the U.S at Baltic Sea ports.

"The Russians are coming but it won't be here until the end of March," said PIRA's Ross.

U.S. gasoline prices have surged 20 cents in a month to an average of $1.66 a gallon, within a nickel of all-time highs, as prices in some major cities breach the $2 mark.

Pump prices are expected to rise further as supplies tighten ahead of the summer vacation driving season.

http://reuters.com/financeNewsArticle.jhtml?type=businessNews&storyID=2278984


Refinery blaze 'under control' after explosion

7:33:31 PM

An explosion has ripped through the Conoco oil refinery on the Humber estuary, near Grimsby in Britain.

The fire service says the blast at the South Killingholme refinery involved large quantities of petroleum gas and petrol.

A spokeswoman for Conoco says although the fire is still burning, it is isolated and the situation is under control.

She says surrounding refinery units have been shut down.

"All 199 people who were on site at the time have been accounted for," she said. "One person has been taken to hospital with minor cuts."

The company said no cause has yet been established but an internal inquiry has begun in conjunction with the Health and Safety Executive.

Construction of the refinery, near the ports of Immingham and Grimsby, began in 1966 and was completed in 1969 at a cost of £50m. Since then, Conoco has invested millions to enhance efficiency, safety and environmental protection.

Initially, low sulphur crude oil from North Africa provided much of its feedstock, but in 1975, the refinery capitalised on its east coast location when it began processing North Sea oil, which now accounts for nearly all of the refinery's crude feedstock.

Refinery capacity has more than trebled since the plant was built and currently stands at 85 million barrels a year.

Seven ambulances, an air ambulance and more than 50 firefighters were called to the 480-acre site.

Residents said the blast shook building and the fire sent up a pall of thick black smoke which was visible for several miles. 



Fake Homeland Security Inspection at Chemical Plant

Jan. 26, 2004

State Investigates Legitimacy of Homeland Security Inspection

November 23, 2003

CHATTANOOGA (AP) -- State officials are investigating whether a man who recently inspected a chemical plant in Chattanooga was an official with the U.S. Department of Homeland Security, as he claimed, or an impostor.

Mjr. Gen. Jerry Humble, Tennessee's chief of homeland security, said his group is aware of the situation and intends to get to the bottom of it.

Officials were informed of the man's visit to the Chattanooga BASF plant during a meeting of the Local Emergency Planning Committee.

David Darnell, BASF's safety manager, told the committee that a man identifying himself as a federal inspector called to ask about some tanker rail cars at the plant.

Darnell told the man to "bring some identification" to the plant, where he could get his questions answered in person.

The man, wearing a uniform and armed with a pistol, arrived several days later.

Humble said the Department of Homeland Security has not informed his office of any plans to inspect industrial plants in Tennessee.

In addition, he said, it is standard practice for armed federal agents to notify local law enforcement agencies when they come into town.

http://www.wate.com/Global/story.asp?S=1537839

the article doesn't tell as much of the story as mom's local news did.


Here's what the local news reported per my mom:

Guy calls BASF Chemical Plant in Chattanooga and starts asking a bunch of questions and says he's with Homeland Security. They told him he'd have to come in because they couldn't answer his questions on the phone. 3 days later the guy shows up in a "uniform" and packing a gun. Asks BASF all about their operation, he was really interesting in the rail cars that enter the plant with tanker cars. Asking the schedule of them, if they can be rented and other various things. The stupid people never checked him out and told him everything he wanted to know. Days later the real Homeland Security had contacted them about uping security at the plant because of possible terrorism etc. And they said yeah one of your guys was already out here...HS was like we haven't sent anybody there. So isn't that just great!

http://www.stevequayle.com/News.alert/04_Global/040126.fake.security.html

Police Investigate Texas Chemical Port Shooting
Sat January 24, 2004 04:10 PM ET

HOUSTON (Reuters) - U.S. and Texas law enforcement agencies are investigating the shooting of a security guard outside an ammonia terminal on the Texas Gulf Coast, a law enforcement official said on Saturday.

A security guard at the BASF Corp. ammonia terminal in Freeport, Texas, 60 miles south of Houston, was shot late on Friday by a man in a pickup truck parked outside the terminal's fence and within sight of a multistory ammonia tank, said Henrietta Gonzalez, chief of the Freeport Police Department.

The guard was listed in good condition on Saturday at an area hospital where he was recovering from a gunshot wound to the shoulder, said BASF spokesman Tim Fitzpatrick.

Agents from the FBI, U.S. Department of Homeland Security, Texas Department of Public Safety and U.S. Coast Guard were in Freeport investigating the shooting, Gonzalez said.

Chemical plants and refineries have tightened security since the Sept. 11, 2001, attacks for fear they may be targets in a future attack.

An FBI spokesman was not immediately available to comment.

The guard spotted the pickup truck while making his rounds outside the terminal's grounds. When confronted, the truck driver, whom the guard described as having a heavy Middle Eastern accent, said he was taking pictures of the lights of the ammonia terminal and adjacent port, Gonzalez said.

The guard said he turned away to make a radio call and then looked back to see the driver pointing a handgun at him. He was shot as he moved to run away and the driver sped off.


HOMELAND INSECURITY
Texas plant guard
sticks to story

Man shot near port facility
says FBI doesn't believe him


Posted: January 28, 2004
1:00 a.m. Eastern
© 2004 WorldNetDaily.com

The guard shot at a chemical plant near a Texas port is sticking to his story about a Mideast gunman, but he says the FBI doesn't believe him.

The shooting in Freeport at a BASF ammonia depot occurred late Friday night in a muddy lot outside the plant.

Robert House was working security when he said he noticed a suspect in a white pickup truck taking pictures of the facility's lights.

House says when he confronted the driver, a Middle Easterner with a thick accent, the unarmed guard was shot in the shoulder.

Hours after the incident, FBI agents came to the hospital and gave House a lie detector test.

"The test was telling him that I shot myself," said House. "And I told him no, that I didn't, and he said that he could see it in my eyes that I was crying out for some type of help."

On the record, investigators said House has no criminal record, and that police are still investigating his initial story.

The FBI has insisted from the beginning the shooting does not have any connection to terrorism.

House is recuperating at home and has hired an attorney.

The mystery continues to raise questions about terrorism. Despite the FBI's assurances, investigators from the Department of Homeland Security, U.S. Customs, the U.S. Coast Guard, state police and local law enforcement are all involved in the probe.

Some of those sources have told Joseph Farah's G2 Bulletin they suspect the guard stumbled into a terrorism reconnaissance operation.

The gunman, described as a mustachioed man with a dark complexion, dark hair, heavy 5 o'clock shadow and a thick Middle Eastern accent, was driving a white, club cab, half-ton Chevrolet pickup with black trim at the bottom and dark-tinted windows. The truck had no front license plate.

House said he questioned the driver of the truck about why he was in the vicinity of a large, multi-story ammonia tank. He told police the truck driver explained that he was taking pictures of it. When the guard turned to radio for help, the driver pulled out a handgun and shot House in the shoulder.

Freeport is about 60 miles south of Houston, but only a few miles from Texas City on the gulf coast, where one of the worst disasters in the history of the United States took place April 16, 1947, when the French ship SS Grandcamp, carrying ammonium nitrate, exploded at the docks. The entire dock area was destroyed, along with the nearby Monsanto Chemical Company, other smaller companies, grain warehouses, and numerous oil and chemical storage tanks.

Smaller explosions and fires were ignited by flying debris, not only along the industrial area, but throughout the city.

Fragments of iron, parts of the ship's cargo, and dock equipment were hurled into businesses, houses, and public buildings. A 15-foot tidal wave caused by the force swept the dock area.

The concussion of the explosion, felt as far away as Port Arthur, damaged or destroyed at least 1,000 residences and buildings throughout Texas City. The ship SS High Flyer, in dock for repairs and also carrying ammonium nitrate, was ignited by the first explosion; it was towed 100 feet from the docks before it exploded about 16 hours later, at 1:10 a.m. the next day.

The first explosion had killed 26 Texas City firemen and destroyed all of the city's fire-fighting equipment, including four trucks, leaving the city helpless in the wake of the second explosion. No central disaster organization had been established by the city, but most of the chemical and oil plants had disaster plans that were quickly activated. Although power and water were cut off, hundreds of local volunteers began fighting the fires and doing rescue work. Red Cross personnel and other volunteers from surrounding cities responded with assistance until almost 4,000 workers were operating; temporary hospitals, morgues, and shelters were set up.

Probably the exact number of people killed will never be known, although the ship's anchor monument records 576 persons known dead, 398 of whom were identified, and 178 listed as missing. All records of personnel and payrolls of the Monsanto Company were destroyed, and many of the dock workers were itinerants and thus difficult to identify. Almost all persons in the dock area – firemen, ships' crews, and spectators – were killed, and most of the bodies were never recovered; 63 bodies were buried unidentified. The number of injured ranged in the thousands, and loss of property totaled about $67 million.

The Texas City incident was the result of an accident. Terrorism experts have been examining the tragedy to determine the potential damage in a deliberate attack on a port city by a ship laden with chemicals, explosives – even, perhaps, a nuclear weapon. And that was before this latest, highly suspicious attack.

Other gulf ports have been on heightened terrorist alert.

G2 Bulletin sources say a mysterious armada of al-Qaida ships has been purchased to target, among other things, civilian ports, cruise ships and oil rigs.

Chemical plants and refineries have tightened security since the Sept. 11, 2001, attacks for fear they may be targets in a future attack. Ammonia can be explosive when mixed with air. In addition, it should be noted that BASF is the second largest producer in the world of ammonium sulfate, a fertilizer with explosive tendencies.

The Ludwigshafen, Germany-based BASF is one of the world's largest chemical manufacturers. The Freeport complex includes 16 plants, including an ammonia plant next to the deepwater cargo port. The facility produces adhesives, super absorbers, paints, nylons and plastics.

"We don't believe we have any kind of a terrorist threat or that there was any way any kind of a terrorist planning or organization was going on with what occurred last night," said Bob Doguim of the FBI's Houston office immediately following the attack.

But other law-enforcement sources say common sense dictates that, in this case, with this extraordinary set of circumstances, "terrorism is everyone's first guess."

One law enforcement source said the signs point to this incident being a "terrorist reconnaissance operation."

"There are no signs of any explosives," he said. "There are no signs of any renegade ships in the area. But there is a strong likelihood this shooter and any companions that may have been with him were scoping out a possible target for terrorism."

From:  dee777@aol.com
Date:  Thu Mar 6, 2003  9:38 am
Subject:  Re: [earthchanges] IRAQ BLOWS UP ABOUT 2,500 OIL OILFIELDS ...
Maybe this is one of those fake Russian news reports? I went to google.com and they don't have anything. It hasn't been on TV either.

Dee

Dated 3/6/2003 

 IRAQ BLOWS UP ABOUT 2,500 OIL OILFIELDS

 TEHRAN, March 6, 2003. /from RIA Novosti correspondent Nikolai Terekhov/.  Iraq has dropped bombs hitting 2,500 oil fields that cover a vast area.

 According to the IRNA agency, the bombing near Sharjeh resulted in the  explosion of an oil refinery near Kirkuk.

 Some oil-bearing wells were mined with antitank mines.

 The Iraqi Army units are ditching around near Baghdad and Kirkuk round the clock to resist the US Army.

 http://en.rian.ru/rian/index.cfm?prd_id=160&msg_id=3080125&startrow=11&
 date=2003-03-06&do_alert=0
 
 
 

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