[UncoveringTruths]

I thought someone would be jumping all over this. Comments?
$this->bbcode_second_pass_quote('', 'W')ASHINGTON -(Dow Jones)- Tight U.S. natural gas and world oil markets that have produced rising prices and stress on consumers won't ease up soon, U.S. Energy Secretary Samuel Bodman said Wednesday. Oil producers will struggle for years to keep up with strong growth in demand, Bodman said, a view that contradicts some analysts' more sanguine forecasts.

The gap between "the magnitude of increased consumption and the capacity of producers to respond will take some years to close," Bodman said. Oil prices have set new records in recent days and are threatening $60 a barrel, as traders bet producers and refiners will have trouble meeting strong demand and also preserving a cushion against supply disruptions, particularly this winter.

That uncertainty could be eased if oil-producing countries would turn over more data about their reserves, Bodman said. "Greater transparency about known reserves in producer nations and more current and reliable information about reserve estimates would not only be invaluable for investors but could help reduce the uncertainty that puts upward pressure on prices," he said.

[UncoveringTruths]

$this->bbcode_second_pass_quote('', '"')We have a very different environment in terms of energy pricing now than during the campaign."

[LadyRuby]

It doesn't make sense. Looks to me like they're more concerned/worried than they are letting on.

[UncoveringTruths]

There worried! Bush supporting nuclear reactors while telling Iran not no but Hell No!

I guess thats the level playing field Bodman eludes to.

[UncoveringTruths]

$this->bbcode_second_pass_quote('', 'W')ashington, DC, October 3, 2005 – Energy Secretary Samuel Bodman and Alliance to Save Energy President Kateri Callahan, in a joint news conference today, urged consumers to use energy more efficiently to reduce demand and soaring energy prices. DOE and the Alliance are continuing to collaborate on the Powerful $avings campaign, which empowers consumers to easily reduce their energy bills.

As part of the ongoing campaign, DOE and the Alliance debuted three new radio public service announcements (PSAs) recorded by Bodman, as well as new print PSAs for the Ad Council’s Energy Hog campaign, now housed at the Alliance.

“The Powerful $avings campaign is aimed at helping consumers reduce their energy bills at home and on the road and helping the nation reduce its overall energy use through energy efficiency,” said Energy Secretary Samuel Bodman. “DOE is pleased to continue to bring this important money – and energy-saving message to consumers through its partnership with the Alliance to Save Energy.”

[BabyPeanut]

$this->bbcode_second_pass_quote('UncoveringTruths', 'G')ot plans to be in a warmer town
Come summer time

[BabyPeanut]

$this->bbcode_second_pass_quote('UncoveringTruths', '[')url=http://money.cnn.com/2005/10/03/news/economy/gasprices_bodman/index.htm?cnn=yes]Six more months of gasoline pain?[/url]

Hey all six more months and its home free!

[UncoveringTruths]

BP,

This weekend we tuned up our bikes and I finished a woodstove installation. Hunkering down!

[BabyPeanut]

I insulated a friend's hot water heater for him the other day. He has natural gas for hot water and home heat.

[retiredguy]

Two weeks from today, my fireplace will be replaced by a woodstove. I've got three cords of alternative NG cut and stacked.

The solar collectors are tuned and ready, too.

[MicroHydro]

In the cities of eastern Siberia, people pitched tents inside their apartments when the utilities failed in the late 1990s. The whole family, maybe even the neighbors from next door, would sleep together in the tent for warmth. It worked. The main problem is that in an unheated building the pipes froze, so no indoor water either. Also no electricity for elevators. This in a country that was still maintaining the MIR space station for national prestige.

The future of Minneapolis?

[DantesPeak]

For a while.

But how long is 'a while'?

$this->bbcode_second_pass_quote('', 'W')orld could handle Iran oil cutoff -US Energy Sec
Tue 6 Jun 2006 10:14 AM ET
By Tom Doggett

WASHINGTON, June 6 (Reuters) - The world economy could handle any theoretical cutoff of Iranian oil exports "for a while," U.S. Energy Secretary Sam Bodman said on Tuesday.

"We certainly could handle it for a while," Bodman told reporters.

Iran is the world's fourth-biggest oil exporter and holds 10 percent of proven global oil reserves.

Oil swept to a record $75.35 a barrel in April as the dispute between Iran and the United States over uranium enrichment rumbled on. On Sunday, Iran Supreme Leader Ayatollah Ali Khamenei said oil flows from the Gulf would be endangered if Washington made a "wrong move."

But there was a more conciliatory tone on Tuesday when Iran took delivery of a package of incentives put together by Britain, France and Germany and approved by the United States, China and Russia.

"The proposals had some positive steps in them and some ambiguities which should be removed," Ali Larijani, secretary of Iran's Supreme National Security Council, said after meeting European Union foreign policy chief Javier Solana.

Energy traders are concerned that if the United Nations punished Iran with sanctions, Tehran could try to hurt the Western economies by stopping some or all of its oil exports -- as Iraq used to do before the U.S. invasion in 2003.

[lutherquick]

What Bodman forgets is that if Iran was attacked, Venezuela would remove part of it's production from world markets... Iran would be bombing pipelines accross Georgia, Turkey, not trying to kill people in Israel.

China and India would start to fill reserves...

People in the US would run to Home Depot and stock up and horde...

Then Iran would just need to wait while the US cleans out her inventory.

[mekrob]

Also...Iran would bomb the shit out of the fields in SA, Iraq, Kuwait, and other Gulf states as well as the Straits.

[Madpaddy]

They could handle it for the 34 days it would take to clean out the SPR. - what is the maximum withdrawal per day possible from the SPR anyway?????

[garyp]

If Iran is attacked, we can expect:

no oil out of Iran

:!: no oil allowed out of the Persian Gulf by Iran, which means

:!: no oil out of Saudi Arabia, Iraq, Kuwait, etc.

:!: no oil out of Venezuela, in sympathy

:!: problems of refinaries, locations, and oil types, thus

:!: uncontrained price rises

:!: hoarding

:!: and thus supply problems, SPR or not

And all without another hurricane.

Its not really a question of taking a spreadsheet and crossing off the Iranian output - this is a more complex interaction which can be summed up by "all hell breaks lose".

[pea-jay]

which may explain why we are still talking to Iran instead of bombing them. I get the impression that if we could have handled the blowback from a bombing run we would have done so already.

[Spideykid]

Mekrob, they wouldn't bother bombing the fields when you can just send in a missile to take out the terminals, why blow up boats, pipes or wells when one shot pretty much shuts the whole thing down.

[mekrob]

$this->bbcode_second_pass_quote('Spideykid', 'M')ekrob, they wouldn't bother bombing the fields when you can just send in a missile to take out the terminals, why blow up boats, pipes or wells when one shot pretty much shuts the whole thing down.

[MacG]

$this->bbcode_second_pass_quote('mekrob', ' ')Further attrition damage. Block off the Straits with a single shot and they are back up and running in a few weeks once the entire US navy is guarding the waters.