Oil hits record on Nigeria fears

LONDON (Reuters) – Oil prices have surged to new record highs near $50 for U.S. crude as Nigeria emerges as the latest focus for worries about supply security on world energy markets. U.S. light crude gained 86 cents to $49.74 a barrel on Monday, the highest in 21 years of trade on the New York […]

Scrap tires to be used as fuel in Cement Production

Scrap tire usage as an alternative fuel source to coal is expanding further in the cement industry. In 2003, of the 290 million scrap tires generated in the United States, 80% went to an end-use market. The largest single market for scrap tires was tire-derived fuel (TDF). Accordingly, a total of 129 million tires

Oil: The beginning of the end?

Oil hits record

Oil prices … fiscal folly beings at Fifty-Five

Andrew McKillop: Oil prices … fiscal folly beings at Fifty-Five

Recent weeks have shown those same finance ministers and their central bank governors or presidents in much less rational mood.
No longer demanding the impossible — that OPEC delivers oil at less than US$40-per-barrel through magically producing much more — those same central bank directors are now preaching their own WMD: the interest rate weapon.

VHeadline.com

Organic Farming Studied As Demand Rises

By JONATHAN DREW, Associated Press Writer COLUMBUS, Ohio – Organic farming sounds simple http://story.news.yahoo.com/news?tmpl=story&u=/ap/20040926/ap_on_sc/researching_organic

Uncharted Energy Sea!

Matthew Simmons presentationSimmonsco-intl.

Fuel costs already on the rise

The cost of heating a home will stretch household budgets to the breaking point this winter, when natural gas and heating oil prices could exceed historic highs. StandardTimes

OPEC loses influence on oil prices

“OPEC is no longer able to impose a balance on the market, on which the cartel has lost its influence because it no longer has the spare production capacity”

Aljazeera

Huge Natural Gas Crisis Looming

Natural gas is somewhere between a limit to growth and a disaster waiting to happen right now, and no one is doing anything about it. Only a few months of inclement weather will cause severe shortages and rocketing price spikes. There is a high risk of major availability declines with unimaginable economic impact, and there […]

Land-use decisions largely favor energy industry

Development holds reins in the Wild West “The government has approved tens of thousands of wells for coal-bed methane and natural gas on BLM lands in Wyoming’s Pinedale region and in the Powder River Basin, which straddles Wyoming and Montana. New plans would allow thousands of additional wells, to the dismay of many longtime residents […]

Alberta premier won’t limit U.S. access to oil and gas

“Some people have suggested that Canada should stop exporting energy to the United States until the border has re-opened to beef, a tit-for-tat approach of sorts,” said Klein.

http://www.canoe.ca/NewsStand/LondonFreePress/News/2004/09/26/643982.html

Oil revenues: The $300 billion bonanza

The impact of the extra oil revenues on international financial markets is hard to assess. Flows of funds are never easy to trace, especially when their sources are keen to keep them quiet. There are dark whispers in oil circles that cartel members, especially Saudi Arabia, want to keep much of their new money out of American banks and markets because of

Investors Can’t Shake Worries on Energy

There’s good reason to worry: Energy costs are crimping profits at manufacturers, forcing airlines to cut flights and threatening consumer spending.With crude prices at record highs and the winter heating season just around the corner, Wall Street is having a hard time dismissing worries about rising energy costs. A number of companies have cited oil […]

Oil and Gas: Facing the Music Before it Stops

Once past the peak of world production, there will never again be enough oil in the pipeline to satisfy today’s level of demand. There will be rising prices, periodic shortages, inflation and recession – stagflation, as we used to hear in the 1970s. But unlike the oil shocks of the 1970’s, these trends will go on for decades until oil and natural gas are no longer significant as energy resources.

Democrats.us

Interesting 1979 Congressional Testimony

Here’s a blast from the past….discusses various oil production forecasts and methodology by the EIA, IEA, and……the CIA..

Perhaps someone has some more recent estimates of future production by the CIA…or, peehaps, can foresee the possibility of getting them by legislative request? (Hint: Call your Congresssperson!) Then we’ll find out how worried we should be!

1979 CBO Testimony

The $300 billion bonanza

The $300 billion bonanza Sep 23rd 2004 From The Economist print edition What might oil producers do with all that extra cash? IT SHOULD be easy to work out what people with $300 billion to spend are doing with their money. According to America’s Department of Energy, that is the sum that members of the […]

Energy Worries Becoming Hard to Shake

NEW YORK – With crude prices at record highs and the winter heating season just around the corner, Wall Street is having a hard time dismissing worries about rising energy costs.NewsTribune

Putin and Wen meet to discuss oil, security ties

world oil production is close to capacity

Price of oil will keep going up, expert says

FORT WORTH – Conventional wisdom that oil prices would decline this year “has been proved wrong” and recent $40-plus prices are likely to be a new plateau, an industry veteran said Wednesday at Texas Christian University.
Houston energy banker Matthew Simmons, whose company has worked more than 500 energy deals since its founding in 1974, said at a breakfast meeting at the M.J. Neeley School of Business that world demand will require an extra 4.3 million barrels of oil within 15 months, and that “nobody knows how we’ll even come close to meeting that.”

Ft. Worth Star-Telegram

Baghdad Year Zero

One of the best pieces about the “democratization” and “reconstruction” of Iraq I have read…if you think oil was the only reason for Iraq…read on..

Common Dreams Newscenter reprint of Harper’s Magazine article by Naomi Klein

Crude Oil May Rise As U.S. Supplies Near 29-Year Low

Crude oil in New York may rise to $50 a barrel next week as U.S. refineries increase purchases to refill inventories that are close to a 29-year low, according to a Bloomberg News survey of traders and analysts. Crude oil in New York may rise to $50 a barrel next week as U.S. refineries increase […]

Emergency oil loans ‘too small’

Oil prices have jumped to record closing levels in New York amid concerns about the US supply situation and the impact of Hurricane Ivan. The market shrugged off the US Government’s offer to lend crude oil to refiners from its emergency stock pile. Traders said the Strategic Petroleum Reserve’s (SPR) loans were too small to […]

Laws to cut California car gases

Officials in California have announced tough new regulations to stem the emission of greenhouse gases from cars. Vehicle emissions are seen as a major contributor to global warming. Car manufacturers are threatening to challenge the move in the courts, arguing it could raise the cost of motor vehicles by up to $3,000. California is thought […]

Is OPEC losing control over oil price?

Despite the best efforts of oil’s major players, barrel prices are once again touching record highs. Global petro-luminaries such as OPEC’s chair Purnomo Yusgiantoro, Lord Browne of BP, Saudi Aramco and others have insisted there is no problem with supply.
Yet their words have been routinely ignored by the traders.

Al Jazeera.net

USA Today revisits the

Unfortunately, although they fault politicians for not addressing the problem, they state that tapping “the vast supplies of gas from northern Canada and Alaska” and a crash program to move to a hydrogen economy are what America needs to do. In other words, they are not admitting that the energy problem is global, and a […]

Oil-Tanker Rates Jump to 7-Month Highs on Heating

Oil Holds Above $48 Despite SPR Loans

Oil Has Peaked

September 23, 2004 For 15 years, retired geologist Colin Campbell has warned of the approaching end of the age of oil and the dire consequences for the world should that happen. Although experts hotly debate the issue, it has drawn little attention from the average consumer. But now, with the price of oil reaching $50 […]

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