IEA’s Claude Mandil Says Energy Security No Longer A Major Concern

Claude Mandil of the IEA says energy security is no longer a major concern:

“I don’t think security of supply is worse now than it was 30 years
ago for several reasons. The first is that energy as a whole plays a lesser
role in the economy. Second, generally, there are more alternative solutions–
that means energy coming from difference countries, different origins,
different suppliers or different kinds of fuels to obtain the same result,”
Mandil said.

OPEC Can’t Rule Out Oil Production Cuts

We will need to be sure that the price is falling because of fundamentals and we will need to be sure of forecasts that there is oversupply. The alternative could be to eliminate leakage above OPEC’s existing self-imposed quota limits. http://www.reuters.com/newsArticle.jhtml?type=businessNews&storyID=6991167 “/>

Energy prospects after the petroleum age

Deutsche Bank Research

– from peakoil.de/ Partner-Seite und Forum (parsimony.net) –

West meets East

Russia’s oil and gas power Putin’s ambitions
…
Ironically, the unreliability of oil supplies from Iraq, caused by the US occupation, has increased American reliance on alternative sources such as Russia. The same applies to other big economies dependent on imported energy such as Japan and India.

The Guardian

Russia’s Putin begins India visit

Russian President Vladimir Putin has begun a three-day visit to India to discuss defence, energy and oil deals.

Mr Putin and his hosts will hold talks on a joint cruise missile project and an intellectual property deal to patent weapons systems.

BBC

Dow and GM to Build One-Megawatt Fuel Cell Installation

Dow and GM Launch Phase II of World’s Largest Industrial Fuel Cell Program Midland, MI – November 29, 2004 The Dow Chemical Company and General Motors Corp., today launched the second phase of their joint project to prove the viability of hydrogen fuel cells for motor vehicles and possibly for distributed power generation. The project […]

Solar Cell Doubles as Battery

Solar Cell Doubles as Battery November 29, 2004 A practical solar energy system usually includes solar cells that convert light to electricity and batteries that store the energy for later use. Scientists from Toin University of Yokohama in Japan have designed a single, compact device that can both convert solar energy to electricity and store […]

Car-Sharing Company Plans Nationwide Expansion

Zipcar, a car-sharing company located in seven states and 21 cities, announced plans in mid-November to become the first nationwide car-sharing service in the United States. Car-sharing services allow their members to use a variety of vehicles at hourly or daily rates. Although the main intent is to help people get by without owning a vehicle, car-sharing services also encourage greater use of transit services and provide alternatives to owning a large fuel-guzzling vehicle that may rarely be used for hauling large items. Zipcar offers 20 different makes and models, including the Toyota Prius. See the Zipcar press release here http://www.zipcar.com/press/releases/press-18

Richard Heinberg on KZYX’s The Party’s Over

22 November 2004
Richard Heinberg & oil

In Brief: Speaking about the banquet of consequences when oil supplies dwindle.

Richard Heinberg speaks with Els Cooperrider of KZYX show The Party’s Over (listen every other Monday at kzyx.org) about the banquet of consequences as oil supplies dwindle.

GPM

Exxon Mobil Sees Energy Demand Growing 1.7% a Year Through 2030

Demand for oil, natural gas and other fuels will grow to the equivalent of about 335 million barrels of oil a day in 2030 from 220 million barrels a day currently, Alan Kelly, general manager of corporate planning at Irving, Texas-based Exxon Mobil, said on a conference call with investors and analysts.
—
“Maintaining adequate energy supplies to meet this expected energy demand will be a challenge,” Kelly said.

Bloomberg

Cracked reactors may force closure of nuclear plants

British Energy could be forced to close some of its ageing nuclear generators due to cracking inside the core reactors.

Such a move would throw the UK’s energy supply into disarray as BE at present generates more than 20% of the country’s electricity.

The Guardian

Statoil Says `Good Deal’ of Work Needed to Restart Oil Fields Shut by Leak

Statoil ASA, Norway’s largest oil company, said a “good deal” of work remains before 205,000 barrels of daily oil output can restart at two North Sea fields, which were idled four days ago because of a leak. “We can’t say when production will resume,” Kristofer Hetland, a spokesman at Stavanger, Norway-based Statoil, said in a […]

Is Saudi telling fairy tales about oil?

The most recent announcement from Saudi Arabia’s oil minister says its production is set to rise, but many in the industry feel the thoughts from Ali al-Naimi are based more on political fiction than energy reality.

aljazeera

US DOE lukewarm on Cold Fusion

The Basic Energy Sciences and Nuclear Physics Offices in the DOE Office of Science conducted a peer review of the submitted material in a manner typical for a DOE sponsored university or laboratory research program.
Report of the Review of Low Energy Nuclear Reactions

Oil Prices Steady Above $45 a Barrel

SINGAPORE (Reuters) – Oil prices steadied above $45 a barrel on Thursday, attempting to put a floor under a 7.4 percent tumble after a big increase in U.S. heating oil stocks eased worries of a winter supply squeeze.http://story.news.yahoo.com/news?tmpl=story&cid=580&e=2&u=/nm/20041202/bs_nm/markets_oil_dc

Nigeria Loses 70,000 Barrels of Crude Oil to Theft, Daily

SHELL Petroleum Development Company (SPDC) has disclosed that Nigeria loses up to 70,000 barrels of crude oil daily to crude oil theft, adding that the incidence impacts on the country’s reputation adversely.

Mr. Basil Omiyi, SPDC’s Managing Director made the disclosure while speaking with the Vanguard in Port Harcourt after the official hand-over of Marginal Fields to successful ‘Farmees’, noting that there was the need to stem the incidence of crude oil theft.

AllAfrica

Oil Prices Fall On Positive Supplies Report

Oil prices plunged by $3.64 a barrel yesterday.
“It was just an incredible drop,” said Philip Flynn, an energy analyst at Alaron Trading Corp. in Chicago. “I’m surprised at the magnitude of the drop, but this is what the markets have been doing lately. . . . The best way to explain it is it’s like a market that needs Prozac. It gets too high and too low and too overexcited.”

Washington Post

Rethinking Electricity Restructuring

“The poor track record of restructuring stems from systemic problems inherent in the reforms themselves. We recommend total abandonment of restructuring and a more thoroughgoing embrace of markets than contemplated in current restructuring initiatives. But we recognize that such reforms are politically difficult to achieve. A second-best alternative would be for those states that have […]

ASPO newsletter 48

ASPO December newsletter #48 http://216.187.75.220/newsletter48.doc447. New Books 448. Further Study of Saudi Arabia 449. Country Assessment – Canada 450. Buying Oil is easier than Finding It. 451. CNN Relays ASPO’s Message on Peak Oil 452. Peak Oil Awareness 453. A Change of Direction by British Gas 454. A Sense of Proportion 455. BP admits to […]

Oil Falls After Report Shows Supplies Rose More Than Expected

`We finally got the distillate number we were longing for,” said Marshall Steeves, an analyst at Refco Group Inc. in New York. “There was a recovery in refinery runs, which led to an increase in distillate stocks that was well above expectations.” Crude oil for January delivery fell $1.03, or 2.1 percent, to $48.10 a […]

US panel to back oil inventories rethink

A US government advisory panel is to recommend a revision to the minimum level of crude inventories required to ensure adequate supplies of crude oil to the nation’s refiners to produce gasoline, heating oil, diesel, jet fuel and other petroleum products.

The oil industry now uses a level of 270m barrels, a threshold that was breached in January for the first time since 1975. The standard was set by the National Petroleum Council, a federal advisory committee. The council will change the minimum operating oil inventory level to a range of 260m to 270m barrels, Reuters reported

http://news.ft.com/cms/s/93e02786-433d-11d9-bea1-00000e2511c8.html

Final call for Southeast Airlines due to fuel costs

NEW YORK (CNN) – Florida-based Southeast Airlines announced it has shut down due to the “uncontrollably high cost of fuel,” according to a statement posted on the company’s Web site. http://money.cnn.com/2004/12/01/news/midcaps/southeast/The low-cost carrier served seven destinations: Allentown-Bethlehem, Pa.; Newburgh, N.Y.; Columbus, Ohio; Gary, Ind.; and Ft. Lauderdale, St. Petersburg, and Orlando, Fla. Southeast Airlines, based […]

Few Refineries for Cheaper Heavy Oil

Oil price retreat temporary: analyst

Winning the Oil Endgame by Amory Lovins

Correct link to online book

RMI

Hydrogen is Doable

The Energy Challenge 2004 – Hydrogen
11.30.04 Murray Duffin, Retired

Energy Pulse

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