Riyadh sees strong global economy, oil demand next year

Saudi Arabia expects a healthy global economy in 2005 to sustain demand for its oil and petrochemical exports through next year and beyond, a senior central bank official said yesterday. “Our confidence in the Saudi economy is as high as it has ever been and we expect it to continue,” Muhammad Al-Jasser, vice governor of […]

Coal India asked to increase output by 23 mt

NEWDELHI: The Centre has asked Coal India Limited to increase its production by 23 million tonnes over the targeted 350 mt in 2006-07 to bridge the demand-supply gap of 55 mt. For the current year, the production target of 315 mt has been revised to 332 mt. Addressing the 12th annual general meeting of the […]

3-way meet on Myanmar pipeline

Oil minister Mani Shankar Aiyar’s energy diplomacy has cracked the deadlock over laying a pipeline through Bangladesh for wheeling gas from Myanmar, with Dhaka asking for a trilateral meet in Yangon in January. Bangladesh energy minister Mosharraf Hossain will sit with his Myanmar counterpart Brig-Gen Lun-Thi and Aiyar for two days on January 12 and […]

Remote areas to get solar hybrid system

KUALA LUMPUR: The Government will spend RM20mil from the Electricity Supply Industry Trust Fund next year to supply solar hybrid energy to remote areas in the country, the Dewan Negara was told. Deputy Energy, Water and Communications Minister Datuk Shaziman Abu Mansor said that supplying energy through the solar system was found to be cheaper […]

Oligarch Bogdanov emerges as buyer of key Yukos subsidiary

Russia’s 13th richest man, a Kremlin-friendly oligarch known as the “Hermit of Siberia”, emerged yesterday as the most likely buyer of Yukos’ main oil production unit, Yuganskneftegaz. The unit was sold to a mysterious shell company last Sunday for $9.4bn(£4.8bn) in a forcible auction designed to strip Yukos of its prize asset, ostensibly to help […]

Putin Hints at China Alliance for Yukos Oil

Gazprom, Russia’s state-controlled gas monopoly, could team up with the China National Petroleum Corporation to develop the Yukos oil company’s main production asset, sold to a mystery bidder on Sunday. FT.comGazprom, Russia’s state-controlled gas monopoly, could team up with the China National Petroleum Corporation to develop the Yukos oil company’s main production asset, sold to […]

Big Oil Wields Ultra Deep Influence

Opinions may differ on exactly when the Earth will pass its peak in oil production, but there is consensus that the day is unnervingly near: the U.S. Department of Energy and the International Energy Agency date it sometime after 2030 , while controversial “peak oil” theorists place it at 2008.

The Center for Public Integrity

Energy Prices Not Spurring Conservation

While soaring oil prices in the 1970s prompted major advances in the nation’s energy efficiency, this year’s surge in fuel costs has so far not sparked a new wave of conservation.

Yahoo

GM Betting On Booming Asian Auto Market

GM is trying to force itself to operate as a true, global company — with all the parts working as one, not as individual domains. At the same time, the company is intent on staking out a leading position in the part of the world where the next generation of financial giants are expected to […]

Report Details Possible Effects Of LNG Tanker Spill

Report Draws New Safety Concerns POSTED: 5:42 pm EST December 21, 2004 UPDATED: 5:49 pm EST December 21, 2004 BOSTON — Liquefied natural gas terminals drew new concerns Tuesday after a new report pointed to devastating consequences should an LNG tanker become the target of a terrorist attack. NewsCenter 5’s Amalia Barreda reported that the […]

Feasta calls for establishment of fossil fuel buyers’ cartel

In Brief: Feasta proposes the establishment of an international organisation to limit coal production and to allocate the remaining oil and gas supplies on a fair basis between the peoples of the world.

GPM

Oil prices dip as fears ease over frigid weather in US

Oil futures dipped below $46 a barrel yesterday as traders assessed what appeared to be a short-lived cold snap in the United States, where cold weather and tight heating oil supplies helped drive prices higher last week. Light, sweet crude for January delivery dropped 64 cents to $45.64 per barrel on the New York Mercantile […]

Desperado Days

Apart from pure avarice and ego, the actions of the Bush Administration have the appearance of incredible desperateness. It is that desperateness – their desperado-like, passionate, furious recklessness – which must cause us to ask, does the Bush Administration know something that we do not know? What do they know that makes them act like […]

China’s Nov. Crude Oil Imports Rise 46%

Oil imports to the world’s second-largest energy market rose 46 percent to 11.12 million metric tons in November from a year earlier, more than October’s 34 percent increase, the Customs General Administration of China said in Beijing today.

Bloomberg

No ‘nouveau modesty’ here

From cell phone to sunflower

Scientists make phone cover that turns into flowerAMSTERDAM, Netherlands (Reuters) — Scientists said on Monday they have come up with a cell phone cover that will grow into a sunflower when thrown away. Materials company Pvaxx Research & Development, at the request of U.S.-based mobile phone maker Motorola (MOT.N), has come up with a polymer […]

Yukos warns of oil output crisis

Catherine Belton in Moscow Tuesday December 21, 2004 The Guardian Russia’s biggest oil exporter, Yukos, appeared to be heading for collapse yesterday amid new fears over supplies as the true identity of the buyer of its main production unit in a £4.8bn government auction remained unknown. Yukos chief executive Steven Theede told reporters in London […]

Colorado Approves New Coal-Fired Plant

State regulators on Friday approved Colorado’s first coal-fired power plant in 23 years. The $1.35 billion facility is designed to generate 750 megawatts of electricity a day — enough for 750,000 customers.

Newsday

Alcohol Fuel Cell Goes Micro

Alcohol Fuel Cell Goes Micro By Technology Research News December 17, 2004 There’s a lot of energy in ethanol, which is non-toxic and can be made cheaply from corn. Researchers from Saint Louis University, who earlier this year developed a fuel cell using enzymes to generate electricity from ethanol, have built a microchip-based version of […]

Germany shines a beam on the future of energy

PowerLight’s three Bavarian solar parks, consisting of 57,600 silicon-and- aluminum panels, will generate 10 megawatts of electricity — enough to power 9,000 German homes.

http://sfgate.com/cgi-bin/article.cgi?file=/c/a/2004/12/20/MNGRAAEL4B1.DTL

International Cargo and Passenger to Grow at 6.0% Yearly to 2008

The International Air Transport Association released cargo and passenger traffic forecasts for 2004-2008 indicating 6.0% growth annually for international passengers and 6.0% annually for international cargo tonnage.

IATA
—
– and beyond 2008?

ASPO Dec 04 Newsletter

ASPO is a network of scientists, affiliated with European institutions and universities, having an interest in determining the date and impact of the peak and decline of the world’s production of oil and gas, due to resource constraints.

ASPO Newsletter Dec 04

Yukos unit fetches $9bn at auction

A little-known Russian company has bought the main production unit of oil giant Yukos at auction in Moscow.

BBC

Pliable Solar Cells Are On A Roll

Imagine wearing a jacket or rucksack that charges up your mobile phone while you take a walk. Or a tent whose flysheet charges batteries all day so campers can have light all night. Or a roll-out plastic sheet you can place on a car’s rear window shelf to power a child’s DVD player. Such applications […]

Fearing Supply Problems, Small Nations Mull Oil Reserves

HOUSTON (Dow Jones)–The energy markets have been buzzing with speculation following recent announcements by China and India of plans to stockpile emergency oil supplies. But, while those two emerging powerhouses have gotten all the attention, more than a dozen smaller countries have begun building strategic reserves of their own. Experts believe the stockpiling stampede by […]

Bled by the government, Pemex is a sickly giant

Pemex also needs to find hundreds of millions of dollars for deep-water exploration projects before output from its main oil field, Cantarell, begins to decline in the next couple of years.

HoustonChronicle

Yukos and the geopolitics of oil

For sale: an oil company, heavily tarnished. One careless owner, who may sue the successful buyer. Price: surprisingly low to the right bidder. Non-Russians need not apply. Tempted? Probably not, but then the Russian Government isn’t really looking to draw a crowd to the 19 December auction of Yuganskneftegas http://news.bbc.co.uk/1/hi/business/4097309.stm

Armenians burn trees and park benches to make up for lack of hydrocarbons

Science – AFP War and cold have depleted Armenia’s only natural resource: trees Fri Dec 17,12:14 PM ET Science – AFP YEREVAN (AFP) – It is one of Armenia’s most revered sites, but for the poor, the trees around the giant Genocide Memorial outside the capital make more than a pleasant setting for the monument, […]

Matt Simmons speaks with Julian Darley after ASPO

26 May 2004 Oil Natural Gas
GPM Exclusive Interview: Matt Simmons speaks with Julian Darley after ASPO 2004.

GPM

Methane Burps: Ticking Time Bomb

There are enormous quantities of naturally occurring greenhouse gasses trapped in ice-like structures in the cold northern muds and at the bottom of the seas. These ices, called clathrates, contain 3,000 times as much methane as is in the atmosphere. Methane is more than 20 times as strong a greenhouse gas as carbon dioxide. Now […]

Global Security Brief #1: Oil Price Surge Threatens Economic Stability and Natio

One of the central issues facing policy makers in Washington and around the globe in 2005 is the prospect of further instability in world oil markets. This new reality carries both economic and security risks. Another oil shock could tip the world economy into a premature recession, while the massive flow of oil revenues into […]

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