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 […]

Largest Housing Plunge In 11 Years

WASHINGTON (Reuters) – The U.S. current account trade gap widened to a record $164.71 billion in the third quarter, data showed on Thursday. The deficit, the broadest measure of U.S. trade, was not as great as feared, spurring a dollar rally. In separate reports, the government said first-time claims for jobless aid posted their sharpest […]

Independent oil company CEO says lots of oil available at higher prices

‘We’re either in a boom or bust’ Higher prices for oil and natural gas have spurred a miniboom in drilling in the USA. To find out what’s going on in the domestic industry, reporter Mindy Fetterman talked with Bruce Bell, chairman of the Mid-Continent Oil and Gas Association of Oklahoma and CEO of Post Oak […]

Sunlight to Fuel Hydrogen Future

The photovoltaic cell is old news. The latest way to exploit the sun is through tiny materials that can directly convert sunlight into large amounts of hydrogen. Hydrogen Solar of Guilford, England, and Altair Nanotechnologies are building a hydrogen-generation system that captures sunlight and uses the energy to break water molecules into hydrogen and oxygen. […]

OPEC Output Down 480,000 Barrels Per Day in November, According to Platts

Apart from Iraq, whose output fell by 400,000 b/d, from 2.2-mil b/d in October to 1.8-mil b/d in November, three other countries–Nigeria, Saudi Arabia and the UAE–reduced output. Saudi output eased back to 9.5-mil b/d from October’s 9.55-mil b/d while Nigerian and UAE output edged down by 20,000 b/d each.

Platts

IEA predicts oil demand at 121 million barrels in 2030 using 1.6% growth

Published on Sunday, November 21, 2004 by The Desert Sun New study analyzes global energy resources By Morris Bechloss In a long awaited analysis of global energy resources, the Paris-based International Energy Agency attempted to calm fears of severe world energy shortages anytime soon. Since the IEA is recognized as the pre-eminent global source for […]

Oil price trends through 2004-2010

By Andrew McKillop Recent headline data from the OECD’s IEA, the US EIA, and data from leading oil analysts concerning world production and inventory stockbuild in key consumer countries, together with ‘traditional’ claims by certain analysts that OPEC is still able to ’overproduce’, is taken by some commentators as offering a prospect for oil prices […]

China Rocks the Geopolitical Boat

Speaking of business as unusual. A mere two months ago, the news of a China-Kazakhstan pipeline agreement, worth US$3.5 billion, raised some eyebrows in the world press, some hinting that China’s economic foreign policy may be on the verge of a new leap forward. A clue to the fact that such anticipation may have totally understated the case was last week’s signing of a mega-gas deal between Beijing and Tehran worth $100 billion. Billed as the “deal of century” by various commentators, this agreement is likely to increase by another $50 billion to $100 billion, bringing the total close to $200 billion, when a similar oil agreement, currently being negotiated, is inked not too far from now.

Asia Times

2050 Projections Suggest Today’s Choices Are Crucial

World Bank launches Responsible Growth for the New Millennium By the year 2050, world income will reach more than $135 trillion, up from $35 trillion today, according to the World Bank’s new book “Responsible Growth for the New Millennium: Integrating Society, Ecology and the Economy”. The book suggests that 2050 could be the time when […]

world economy faltering if oil prices stay high

OTTAWA (CP) – World economic growth will weaken next year if oil prices remain at record-high levels far into next year, the Conference Board of Canada says in its latest outlook report.http://news.yahoo.com/news?tmpl=story&u=/cpress/20041105/ca_pr_on_bu/oil_economy_1

Chancellor Schroder peddles petroeuros

Schroder and several other EU politicians are also working behind the scenes to convince Russian President Vladimir Putin to denominate Russian crude oil and natural gas in euros. Currently, countries and companies can only buy oil if they have dollars. That means that non-oil producing countries first have to sell their goods to earn dollars […]

Summary of Weekly Petroleum Data for the Week Ending October 29, 2004

U.S. crude oil refinery inputs averaged nearly 15.0 million barrels per day
during the week ending October 29, up 75,000 barrels per day from the previous
week’s average. As a result, distillate fuel production increased slightly
compared to the previous week, averaging 3.9 million barrels per day. However,
gasoline production decreased last week, averaging nearly 8.8 million barrels
per day.

EIA

Energy Transition and Final Energy Crisis

By 2015, it will be urgent to consider ways and means to reduce world total oil and gas demand on a year-by-year basis. Given the vast scope of such a programme, and the need for the OECD countries to act in the immediate short-term of 2004-2008, the action and goals of a world energy transition programme should be proposed, discussed, decided and start being applied from 2004-2005.

PetroleumWorld

Natural Gas and Oil BTU price converge

NYMEX Natural Gas pricing for January & February Delivery are an unusual position. For the past few years, producers of Natural Gas have bragged about how much cheaper Natural Gas is to Crude Oil on a $/mmBTU basis. As of the closing of the NYMEX pit session on Tuesday, 10/27/04, January Crude settling at $52.17/barrell […]

Channel 4 News Special Report: Oil Supplies

SADAD AL-HUSSEINI: They’re not only overestimating the Middle East, but they overestimate non-Opec, they overestimate Russia, they overestimate the whole global resource base. And I think this is a rather dangerous situation for the US government policy to be based on. http://www.odac-info.org/bulletin/C4Transcript.htm

China’s huge footprint being felt with the rising cost of oil

China has not only become a new heavy addict of the world’s oil teat, it is one of the worst offenders in terms of efficiency. To generate every $1 of GDP, China uses three times or more as much energy as the global average, 4.7 times more than the U.S., 7.7 times more than Germany […]

Scientific (and unscientific) petroleum supply forecasting

M. C. Lynch presentation

OTC/ M. C. Lynch

Russian Oil Output Seen Slowing

The country’s crude oil output growth will slow significantly in 2005 as companies fail to maintain the hectic growth rates of recent years, crude pipeline monopoly Transneft’s head, Semyon Vainshtok, said Tuesday. “Russian companies have underproduced 14 million tons in January-September compared to what they initially planned,” he told reporters during a news conference. “This […]

Why the price of oil is so high

Jude Wanniski(former associate editor of The Wall Street Journal)

Why is the price of oil so high? It is because the US dollar is floating, free of gold or any commodity anchor. As long as it is, the entire world will be forced to somehow accommodate this wholly unnecessary volatility in energy supply and price.

Aljazeera.net

Oil price up 80% from beginning of year

” Crude oil prices are the highest in a generation, rising by around 80 per cent from the beginning of 2004. However, even at current levels, crude oil prices are still about 40 per cent below the all-time highs – in inflation-adjusted terms – of February 1981.” Leeb, in The Oil Factor, suggests that an […]

Big green energy machines

The ZEPP is a supercompact, superfast, superpowerful turbine putting out electricity and carbon dioxide (CO2) that can be sequestered. Investments by energy producers will make methane (natural gas) overtake coal globally as the lead fuel for making electricity over the next two to three decades. Methane tops the hydrocarbon fuels in heat value, measured in joules per kilogram, and thus lends itself to scaling up. Free of sulfur, mercury, and other contaminants of coals and oils, methane is the best hydrocarbon feedstock.

Industrial Physicist

Oil Reaches $54 a Barrel on Concern Winter Will Drain Supplies

Oil Reaches $54 a Barrel on Concern Winter Will Drain Supplies Oct. 14 (Bloomberg) — Crude oil rose close to a record on concern that refiners will lack the supplies to meet demand for heating fuel during the northern hemisphere winter. “There’s a distinct lack of availability of heating fuels in the U.S. and northwest […]

Climate Fear As Carbon Levels Soar

Scientists bewildered by sharp rise of CO2 in atmosphere for second year running An unexplained and unprecedented rise in carbon dioxide in the atmosphere two years running has raised fears that the world may be on the brink of runaway global warming. Scientists are baffled why the quantity of the main greenhouse gas has leapt […]

Venezuela Raises Taxes on Orinoco Deals

Venezuela Raises Taxes on Orinoco Deals

source

First U.S. Conference on Peak Oil and Community Solutions

First U.S. Conference on YELLOW SPRINGS, Ohio

How Long Will the Oil Age Last?

Geologists say the end is nigh. New recovery tech may tell a different story.

By Kevin Kelleher | August 2004

Quick, how many years will it be before the world runs out of oil? Don’t know? Join the club. Actually, choose one of several clubs, each of which vehemently disagrees with the others on how much usable crude is left on the earth. The question is far from an academic exercise: This year oil hit a near record-high $40 a barrel, and Royal Dutch/Shell Group downgraded its reserves by 4.5 billion barrels.

Popular Science

Oh, no! Has the world reached

By Jarius Bondoc The Philippine Star $60-per-barrel oil is still affordable by western standards, but surely debilitating for growing economies. But what if it hits $80 again, or even $100 by estimates of pessimists? That scenario has long been mulled in at least three books on a phenomenon called “peak oil.” Simply put, peak oil […]

Bank of Montreal forecasts oil prices will tumble over next two years

TORONTO (CP) – World oil prices should fall from current levels around $50 US a barrel to the $33 to $38 range in 2005 and even lower in 2006, a Bank of Montreal report says. http://news.yahoo.com/news?tmpl=story&u=/cpress/20041001/ca_pr_on_bu/oil_prices_bmo_1TORONTO (CP) – World oil prices should fall from current levels around $50 US a barrel to the $33 to […]

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

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

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