Hybrid Fiction – Newsweek

Sept. 20 issue – Is the internal-combustion engine dead? listening to all the voices calling hybrid vehicles the future of transportation, you might think so. Alternative energy is back in style among the chattering classes. But oil prices would have to go a lot higher to make so-called renewables

Author Predicts Energy Crisis

The founder of a Vancouver-based energy think tank has claimed that North America is on the verge of “a full-blown natural-gas crisis”. Julian Darley, author of the recently published High Noon for Natural Gas: The New Energy Crisis (Chelsea Green Publishing Company, US$18), told the Georgia Straight that the looming energy shortfall could be even worse in Canada than in the U.S. because 80 percent of homes here are heated with natural gas.

http://www.straight.com/content.cfm?id=4892

The Master of Wind

the most important task, Dehlsen thinks, is to continue to drive costs down and efficiencies up, so that the attraction of wind becomes irresistible. Dehlsen says the cost of wind needs to fall below three cents per kilowatt hour

World oil stocks to build unless OPEC cuts

World oil stocks will swell in coming months unless OPEC producers pull back from a production surge that is replenishing inventories, the International Energy Agency said on Thursday.

OPEC to raise its oil price target to an average of $30 a barrel

AP, Reuters 2004-09-09 The Organization of Petroleum Exporting Countries is united on the need to raise its oil price target to an average of $30 a barrel, a top Iranian oil official said on Thursday, but the cartel has yet to agree on when to move its price range higher. “There is a consensus in […]

Iraqui Oil Flow and Limited Options

Attacks against Iraqi oil infrastructure have intensified throughout the summer and are now an almost-daily occurrence. While the attacks continue, Iraq’s political landscape is changing rapidly, which leads to a very fundamental question: Will the number and pace of attacks change too? Straftor on GillespieResearch,com

Laissez-Faire My Gas Guzzler

“My driving is integral to my job, it’s integral to my pleasure in life. I won’t cut back on that. I might cut back on other things.”

Dr. Kaesberg, whose 2004 Acura sport utility vehicle gets 18 miles to the gallon, is typical of consumers who started the summer with the shock of $2 a gallon gas, but resolutely kept driving.

New
York Times

Ten specious fallacies on current world’s high oil prices

> The world is facing a high-oil-price era, in which the oil price per barrel will never be as low as a book. > With little say in fixing the international oil prices, China faces a relatively unsafe situation in terms of oil supply. Energy, especially oil shortage, has been a known subject over the […]

The End of Oil Interview – Paul Roberts

The End of Oil Aired: Monday, September 06, 2004 8-9PM ET Current predictions have world oil production peaking somewhere between 2005 and 2035, with demand steadily rising as growing economies like China and India start consuming more and more. But the oil-fired economy, and the lifestyle that comes with it, is nearing an end, says […]

Outspoken oil expert challenges common ideas

Matthew Simmons, chief executive officer of Simmons & Co. International, a Houston-based investment bank, has never been shy about challenging the conventional wisdom in the Oil Patch. In an interview with Houston Chronicle reporter David Ivanovich, Simmons doesn’t disappoint. Q: What’s your take on today’s $40-plus oil prices? A: The odd thing about oil prices […]

Oil, gas investing gets more complex

“One of the worst things that could happen to the stock market would pertain to geopolitical turmoil in the Middle East, and energy stocks still offer a good hedge to the rest of your portfolio in such circumstances.”

London Free Press

Barreling toward disaster

Global oil crisis lurking

With demand for fuel growing rapidly in China, India and other developing nations, “the world is entering a period of runaway growth in demand for fossil fuels,” said Matthew Simmons

AZ Central

Let a Thousand Reactors Bloom

China announced plans to build 30 new reactors – enough to generate twice the capacity of the gargantuan Three Gorges Dam – by 2020. And even that won’t be enough. The Future of Nuclear Power, a 2003 study by a blue-ribbon commission headed by former CIA director John Deutch, concludes that by 2050 the PRC could require the equivalent of 200 full-scale nuke plants. A team of Chinese scientists advising the Beijing leadership puts the figure even higher: 300 gigawatts of nuclear output, not much less than the 350 gigawatts produced worldwide today.

Wired

The destroyer

‘Prosperity will mean little,” declared George W Bush while on the stump as presidential candidate, “if we leave to future generations a world of polluted air, toxic lakes and rivers, and vanished forests.”

Guardian Unlimited

Venezuela Offers India Five Oil Fields

“We want strategic alliance with India, particularly in energy,” Perez told reporters after his meeting with Aiyar. He said the areas of cooperation will include oil and gas exploration and downstream retailing opportunities for Indian companies.

Forbes

The future’s a gas

From the Economist: “It has become fashionable to claim that the world is running out of oil and gas. Several alarmist books have just been released, ranging from economist

Mr. Sandman, Bring Me Some Oil

The flow of oil extracted from Alberta’s tar sands, also called oil sands, surpassed one million barrels a day at the end of 2003, and it is expected to double to two million barrels by 2010, matching the output of significant members of the Organization of the Petroleum Exporting Countries like Libya and Indonesia. NYT

Russia reassures China on flow of oil

Lebanese worried that Hydrogen Tycoons will supplant oil industry

A recent 500-page report by America’s National Academy of Science concluded that “hydrogen has the potential for replacing essentially all gasoline and eliminating almost all CO2 from vehicular emissions over the next 50 years.

Lebanon Daily Star

Experts: Oil Production Peak Inevitable

The summer’s record high oil prices and tight supplies raise questions about how much oil is left. Though oil companies are seeking new discoveries, industry veterans agree oil production will hit a peak — though estimates on when vary from 10 to 40 years.

NPR

Petrol Oil & Gas Acquires Producing Kansas Oilfield

News Release For Immediate Release: August 26, 2004 Petrol Oil & Gas Acquires Producing Kansas Oilfield Producing Property to Generate Immediate Cash Flow LAS VEGAS, NV

U.S. Reports Gasoline Supply Is Unchanged, Oil Prices Drop

Crude oil futures fell for a fourth session, led by gasoline, after an Energy Department report showed that U.S. supplies of the fuel were unchanged last week. Crude Oil Falls After U.S. Reports Gasoline Supply Is Unchanged Aug. 25 (Bloomberg) — Crude oil futures fell for a fourth session, led by gasoline, after an Energy […]

Shell Settles Corporate Fraud Charges for $120 Million

Short interview with Conrad Gerber (Pertologistics).

In a brief interview on the Swiss French radio this morning Conrad Gerber made some comments on the oil situation. ME violence’s, speculations, China and India’s consumption, but noting about peak oil. Conrad Gerber from Pertologistics made some comments on the oil situation in an interview on the Swiss radio. I translated it from French: […]

Road report ignores reality of ‘peak oil’, say Greens

Green Party co-leader Jeanette Fitzsimons is questioning the wisdom of building billions of dollars worth of new roads around the country, saying the rising price of oil will eventually leave them empty.

New Zealand Herald

You can close the site now, energy problems are solved.

So claims a group of Aussie scientists at the University of New South Wales. Publication Date:24-August-04 Source: University of New South Wales Australian scientists predict that a revolutionary new way to harness the power of the sun to extract clean and almost unlimited energy supplies from water will be a reality within seven years. Using […]

Yukos cuts output to save money

Yukos pumps 1.7m barrels a day Yukos is to reduce the amount of oil it produces and cut other expenditure in an effort to keep its operations going. The Russian oil company said it was having to introduce some “stringent” cost-saving measures in order to continue its “normal operations”. It will slash expenditure by $700m […]

Oil’s Slippery Slope

As the neo-conservative dream of a “liberated” Iraq came true in April 2003, who would have predicted that 16 months later oil would become the ultimate time bomb for the Bush administration?

And the Saudi royal/oil family cavalry is not exactly coming to the rescue.

Click here for the full story…

Crude Oil Rises as Iraq Violence Raises Concern About Exports

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