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The $50 barrier
The rise and rise of oil prices should force India to rethink its energy strategy
http://www.indianexpress.com/full_story.php?content_id=56052
Summary: What’s Driving Oil Prices?
REALITY CHECK: Adjusting for inflation, $50 oil is more than $30 below prices in 1981.
Not if, but when: Oil production peak will bring hard transition
A Register-Guard Editorial
By a happy coincidence, the day after The Wall Street Journal featured Colin Campbell on its front page with a headline characterizing him as a “doomsayer,” one of Campbell’s closest collaborators visited Eugene.
Jean Laherr
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.
Uncharted Energy Sea!
Matthew Simmons presentationSimmonsco-intl.
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 […]
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 […]
world oil production is close to capacity
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Yesterday’s announcement did little to allay the concerns of oil traders. Markets have been jittery because of concerns that world oil production is close to capacity at a time of instability in Iraq and attacks on oil operations elsewhere. |
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.
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 […]
Besieged oil giant forced to cut production
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YUKOS, the oil giant that is facing $7.5 billion ( Quest for Energy is Race Against Time
by Jeremy Leggett Getting There On Less
By Guy Dauncey
The Bear and The Dragon By Donald Coxe Last week a reader sent me a very interesting essay by Donald Coxe, the Global Portfolio Strategist, BMO Financial Group. He is also the Chairman and Chief Strategist of Harris Investment Management in Chicago, and Chairman of Jones Heward Investments in Toronto. He looks at the global […] Looking to the hydrogen horizon
From BBC: “But political pressure for the investment in the re-engineering of our cities and infrastructure, it isn’t there yet. People don’t riot for austerity; they riot because they want more, not less. We have to riot for less.” http://news.bbc.co.uk/2/hi/science/nature/3675760.stm Quest for Energy is Race Against Time
This is the point at which the peak-depletion and global-warming imperatives for the big retreat from oil meet. The core question boils down to this: can we progressively replace oil and the other fossil fuels quickly enough to avoid economic calamity as a result of oil shock, climate shock, or both? Oil provides 40 percent […] A new agenda needed for oil
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! Earth’s mantle can generate methane – Nature
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 Oil Producers Have Wafer-thin Safety Margin: Experts
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 […] India Struggles to Meet Demand & High GDP Growth
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 […] Oil predicted at $65 per barrel in 2010
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 […] BP chief sees no energy supply crunch
LONDON (Reuters) – BP Chief Executive John Browne has rejected notions of an oil supply crunch and underinvestment in production, saying the global oil industry is prepared to meet future demand.
VIEW: It’s the Oil, Stupid
In the early eighties, at $36 per bbl, about 750 bbls of crude would buy you a top of the range Mercedes (about $27,000). When the price of oil hit $10, the same car cost $55,000 (some 5,500 bbls of oil). That translates to an effective drop of some 85 percent in purchasing power! http://www.dailytimes.com.pk/default.asp?page=story_15-9-2004_pg3_2 Fuelling uncertainty
From the Guardian: “On any serious reading, the prospects for oil prices are finely balanced. It was interesting that Gordon Brown, who is not only Britain’s chancellor but also chairman of the International Monetary Fund’s key political committee, sounded a worried note in an article in the Financial Times last Friday, whereas Jean-Claude Trichet, the […] China reports soaring oil imports
From BBC: “China’s oil imports for the first eight months of 2004 rose by nearly 40% compared with the same period last year, according to state media reports.”http://news.bbc.co.uk/2/hi/business/3654060.stm UK government grant promotes wave and tidal energy development
From OGJ: “HOUSTON, Sept. 10 — Four organizations joined forces to develop wave and tidal renewable energy in response to a http://ogj.pennnet.com/articles/web_article_display.cfm?ARTICLE_CATEGORY=GenIn&ARTICLE_ID=211733 OPEC Finds Few Options to Put a Lid on Oil Prices
click here for story OPEC Finds Few Options to Put a Lid on Oil Prices By JAD MOUAWAD – NYT Published: September 13, 2004 PARIS, Sept. 12 – The Organization of the Petroleum Exporting Countries is preparing to meet in Vienna on Wednesday in an unfamiliar and uncomfortable mood: helplessness. As recently as last summer, […] US Airways files for Ch. 11 bankruptcy again
Mystery shrouds oil coup plotters
THE AUSTRALIAN September 13, 2004 HARARE: Sixty-eight mercenaries, including former British special forces officer Simon Mann, will begin serving jail sentences in Zimbabwe this week after being convicted of joining a plot to stage a coup in oil-rich Equatorial Guinea. Mann was to get $US15million ($21.4 million) for his part in the coup and his […] Oil News Categories Recent Board Topics Archive LATEST NEWS HEADLINES
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