US bullish in 2005 oil price forecast
The US Deptartment of Energy raised its outlook for oil prices this year to nearly $50 a barrel. This time last year, it predicted a price of only $29.40 in the forecast for 2005.
The Lean Economy: a vision of civility for a world in trouble
When it [Peak Oil] does hit, and when oil famine is joined with the other problems on the way, we will need to respond to it as to an avalanche. There is no point in trying to stop it; instead: survive; think; start again on safer ground and on totally different principles.
Australian politician goes on record about peak oil and gas
The first mainstream politican to take a stand on peak oil is in the Queensland Parliament (Australia). Bravo, Andrew McNamara!
Chavez: Our oil reserve does not belong to Mr. Bush
Venezuelan President Hugo Chavez on Monday accused the United States of planning to portray his country as a security threat in order to capture its vast oil reserves.
US: Housing mania will end in tears
Today’s tales of rampant real-estate speculation sound just like what we heard at the peak of the tech bubble. And we all know what happened when that bubble burst.
China to set up energy task force as planner warns of dire power shortage
China said it intends to set up a special task force to handle energy issues as its top economic planner painted a dire picture of the nation’s desperate power shortages.
Willful blindness
America has a problem bigger than social security, or the price of prescription drugs, or gay marriage. America is heading into a situation in which it will no longer have an economy. The Republicans at least have an excuse for their willful blindness — they’ve already taken the position that the life of extreme car-dependency and everything it implies is not negotiable.
What if oil cost $200 a barrel?
IN TWO years’ time the price of oil could reach $200 a barrel. Farfetched? Maybe. Although estimates of oil and gas reserves vary widely, geologists Anders Sivertsson, Kjell Aleklett and Colin Campbell, of Uppsala University in Sweden, are the latest in a growing group of experts who believe that oil supplies will peak by 2010, if not before, and gas soon after.
Biodiesel Boom Raises Ethical Issues -Analyst
High crude oil prices may have galvanized bio-diesel production, but some questions are now being asked in industry circles about the ethics of using a limited edible resource to meet the world’s energy needs, said an influential edible oils industry analyst.
Indonesia tests oil dispute waters
INDONESIA’S President plans to visit an island near the Malaysian border after he sent warships there, following Malaysia’s move to award oil exploration rights there, a government official said yesterday.
US: Natural gas reserves slashed
Citing disappointing drilling results in two locales, ChevronTexaco Corp. slashed its U.S. natural gas reserves by 13 percent in 2004, the third year in a row in which it suffered a substantial reserves hit in the region.
Chavez proclaims era of cheap oil over
The Venezuelan president said OPEC could set prices between US$40 and US$50, while the US said its oil imports from the country were replaceable
