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News from September 2004

Oil will ease to $30 by Christmas say independents

Oil will ease to $30 by Christmas say independents thumbnail

Burren Energy and Venture Production, two independent oil and gas companies, yesterday forecast that the oil price would fall by up to $10 by Christmas.

telegraph


China May Invest $12 Billion in Russia

China May Invest $12 Billion in Russia thumbnail

Prime minister Wen Jiabao will discuss possible Chinese plans to invest up to $12 billion in Russian energy industries during a visit to Moscow this week, a Hong Kong newspaper with close ties to Beijing said Tuesday.

forbes


PAGE 1 WALLSTREET JOURNAL!

PAGE 1 WALLSTREET JOURNAL! thumbnail

Doomsayers Provoke Debate on Oil’s Future

A retired Irish geologist is at the center of a small, but suddenly influential, band of contrarians known as the peak-oil movement, which believes that by as early as next year, humanity will have burned through half the oil it will ever get, and that the era of cheap oil is over.


Biosolar?

Biosolar? thumbnail

Scientists have proven what Popeye always knew: spinach is an excellent energy source.

It’s so good that in 10 years, mobile phones and portable computers may be coated in a spinach-based material that provides their electrical power.

http://www.smh.com.au/articles/2004/09/19/1095532178382.html?oneclick=true


A new agenda needed for oil

A new agenda needed for oil thumbnail

The pressure on oil prices from random events is enormous at present. Last week Hurricane Ivan tore through the southern USA and this week Yukos has cut off 400,000 barrels per day of supplies to China. Whatever next? But welcome to the new status quo!

AME Info fn


Pakistan : Oil prices pose challenge to outlook

Pakistan : Oil prices pose challenge to outlook thumbnail

Soaring oil costs are already having a large impact on the Pakistani economy. Rising fuel prices, and food costs, have driven inflation to a six-year high while the current account has slumped. Gill James, Standard Chartered’s Chief South Asia Economist assesses the impact and the outlook for future growth AME Info fnThings are not looking […]


It’s The Crude, Dude: War, Big Oil, And The Fight For The Planet

It’s The Crude, Dude: War, Big Oil, And The Fight For The Planet thumbnail

LINDA MCQUAIG
“U.S. oil companies just happened to have billions of dollars they wanted to invest in undeveloped oil reserves”
“prior to the U.S. invasion, foreign oil companies were nicely positioned for future involvement in Iraq, while the major U.S. oil companies, after years of U.S.-Iraqi hostilities, were largely out of the picture.”
Toronto Star


Demographic oil demand and peak oil

Demographic oil demand and peak oil thumbnail

Andrew McKillop: Demographic oil demand and peak oil VHeadline.com oil industry commentarist Andrew McKillop writes: Since the time of Malthus and Ricardo (around 1810-20) and as also investigated by Engels and Marx (in the 1850s and 1860s) economists have taken an interest in mass consumption trends and patterns, and their determinants. Oil, gas and coal […]


Oil use can be eliminated in a few decades?

Oil use can be eliminated in a few decades? thumbnail

Published on Monday, September 20, 2004 by Press Release U.S. Can Eliminate Oil Use in a Few Decades by Rocky Mountain Institute Winning the Oil Endgame proves that at an average cost of $12 per barrel (in 2000 dollars), the United States can save half its oil usage through efficiency, then substitute competitive biofuels and […]


Earth’s mantle can generate methane – Nature

Earth’s mantle can generate methane – Nature thumbnail

Methane could be forming in Earth’s mantle, US scientists have shown. The result suggests that untapped and unexpected reserves of natural gas and oil may exist deep beneath the planet’s surface. http://www.nature.com/news/2004/040913/full/040913-5.html


Coming clean about nuclear power – Nature

Coming clean about nuclear power – Nature thumbnail

Politicians will continue to make all sorts of promises, but we will only be able to fight climate change if we address both the benefits and pitfalls of nuclear power, says Philip Ball. http://www.nature.com/news/2004/040913/full/040913-23.html


The greenest house on the block

The greenest house on the block thumbnail

The Rose House is the smallest project Clark Brockman has worked on, and he also considers it the most exciting. The unassuming little house on Northeast Ainsworth Street is just 800 square feet, but it incorporates technologies that thrill architects like Brockman. From its staggered-stud frame to its solar water heating system, the Rose House […]


Saving Energy Without Derision

Saving Energy Without Derision thumbnail

Saving Energy Without Derision by Dr. Alan P. Zelicoff, describes real-life experience in reducing energy consumption, and PV installation at a typical residence. This PDF details the actions taken to undertake this feat, as well as results of the experiment.By following the examples set forth in this book, you will save a substantial portion of […]


Fort Worth Star-Telegram reporter predicts 2025 as start of oil crunch

Fort Worth Star-Telegram reporter predicts 2025 as start of oil crunch thumbnail

Posted on Sun, Sep. 19, 2004 Questions, answers on oil prices BY DAN PILLER Fort Worth Star-Telegram Q: Why has the price of crude oil ranged from $10 a barrel five years ago to almost $50 this year? Surely the supply-and-demand equation hasn’t changed that much. A: It hasn’t. Analysts say the price of oil, […]


How To Keep Oil Flowing? Invest, Invest, Invest

How To Keep Oil Flowing? Invest, Invest, Invest thumbnail

VIENNA, (AFP) – The spike in oil prices in recent months is stoking heated arguments between market players, who blame each other for the lack of production capacities that has been exposed by strong global demand. At a seminar last week organized by the Organization of Petroleum Exporting Countries in Vienna, the oil world’s principal […]


Oil Producers Have Wafer-thin Safety Margin: Experts

Oil Producers Have Wafer-thin Safety Margin: Experts thumbnail

VIENNA (AFP) – Limited spare capacity means that the ability of oil producers to meet the sharpest rise in demand since the 1970s is likely to be severely tested, according to experts attending an OPEC-sponsored seminar in Vienna. TurkishPress.com “Finally, monsieur, a wafer-thin mint…” “Aw, bug off, I’m stuffed…couldn’t eat another bite…” Monty Python More […]


Yukos partly suspends oil deliveries to China

Yukos partly suspends oil deliveries to China thumbnail

Yukos has suspended exports to the China National Petroleum Corporation, to which it was due to deliver one million tons before the end of the year, a Yukos spokesman told the Interfax on Sunday.

Channe; News Asia


India Struggles to Meet Demand & High GDP Growth

India Struggles to Meet Demand & High GDP Growth thumbnail

Like China, India is trying to secure supply in an era of high prices… rediff.com The energy sector: A SWOT analysis September 18, 2004 07:15 IST The energy sector has witnessed mixed news during the current fiscal so far. While crude prices firmed up in the global market, the government’s freeze on prices of petro-products […]


NiMo warns next deep freeze will require deeper pockets

NiMo warns next deep freeze will require deeper pockets thumbnail

Albany– Confluence of demand and supply to cause double-digit increase in home heating bills for gas and oil timesunion.comIt will take more cold cash to keep the home fires burning this winter. Tight supplies and growing worldwide demand for fuel means consumers can expect to pay double-digit increases when the temperature drops. Natural gas prices […]


Are We Getting Too Rich Too Fast?

Are We Getting Too Rich Too Fast? thumbnail

Albertans fear their growing energy windfall is becoming an irresistible target for Ottawa Calgary Herald The books balanced, the debt eliminated and coffers continuing to overflow, Alberta has become a super province at age 99. Don Martin toured Alberta, talking to political and business leaders about a vision for the next 100 years, and the […]


Oil predicted at $65 per barrel in 2010

Oil predicted at $65 per barrel in 2010 thumbnail

Long rally expected for resource funds Rising prices, strong demand deliver high mileage By Jonathan Burton, CBS.MarketWatch.com SAN FRANCISCO (CBS.MW) — Oil prices and baseball slugger Barry Bonds have one thing in common: They’re both on the way to setting records. Crude-oil futures prices are resting from this summer’s meteoric rise, but a leading investment […]


Time to pump cash in, not out

Time to pump cash in, not out thumbnail

The problem is there is nothing to buy. The oilfields of the North Sea, Texas and Alaska are drying up. There are interesting prospects in West Africa and the Gulf of Mexico, but the big opportunities are in Saudi Arabia, Kuwait, Iran and Iraq, tantalising and unavailable.

Times Online


Speculation in oil grows

Speculation in oil grows thumbnail

Speculators hijack oil market Prices have been forced up unnecessarily as investment banks and hedge funds join the A LARGE WAREHOUSE in Amsterdam may seem an unusual place to attract the City


Offshore production platforms missing after hurricane

Offshore production platforms missing after hurricane thumbnail

At least three oil production platforms were missing and others were damaged after hurricane Ivan swept over the Gulf of Mexico this week before making landfall along the Alabama-Florida shoreline.http://www.canada.com/businesscentre/story.html?id=a45bc6a1-077a-43b2-9942-e8dc804388c4


Present and future energy problems

Present and future energy problems thumbnail

Jean Laherrere presentation: Note page 25: peak in fossil fuel consumption around 2025 and page 57: peak in global grain production maybe before oil peakhttp://www.oilcrisis.com/laherrere/HEC-long.pdf


California oil prodution fades away

California oil prodution fades away thumbnail

The end of an era – California’s century-old oil economy fades ANDREA ALMOND Associated Press BAKERSFIELD, Calif. – On a slip of flat yellow earth dotted with sagebrush and foxtail lies the rusting legacy of three generations of drilling: a graveyard of toppled oil derricks – and Bruce Holmes’ solitary moneymaker. Like a squeaky steel […]


New Forecast Shows Oil Supply-Demand Tipping Point Within A Decade

New Forecast Shows Oil Supply-Demand Tipping Point Within A Decade thumbnail

New Forecast Shows Oil Supply-Demand Tipping Point Within A Decade World oil production will likely not be able to meet global demand as early as the middle of the next decade, according to a new study by Washington-based consultants PFC Energy. “We’re producing more than we find by a considerable amount,” Mike Rodgers, a senior […]


Kansas oil production increased slightly for 5 years running

Kansas oil production increased slightly for 5 years running thumbnail

Oil Prices Lead to More Drilling, Production
LAWRENCE–Higher energy prices have pumped up Kansas oil production, according to geologists at the Kansas Geological Survey, based at the University of Kansas.

U kan.edu


US dollar may devalue further

US dollar may devalue further thumbnail

From Aljazeera: “The dollar is likely to be devalued to deal with the booming trade deficit in the United States, raising the prospect of global financial instability.”Aljazeera


Yukos Revises Yugansk Oil Reserves Up Fivefold to 93.7 billion barrels

Yukos Revises Yugansk Oil Reserves Up Fivefold to 93.7 billion barrels thumbnail

For those of you interested in how companies set their reserves, a fresh example of an arbitrary fix. Russian oil major YUKOS, fighting to prevent a cheap fire sale of assets in a tax dispute with the state, boosted oil-reserve estimates of its core Yugansk unit fivefold today. Siberian exploration work showed that Yugansk contained […]


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