China not giving up on Russian oil and gas
Russian leaders are acutely aware of the need to maintain a delicate balance between the looming giant that is China, and the pesky neighbor that is Japan.
U.S. Natural Gas Proved Reserves Up in 2003, But Crude Oil Proved Reserves Decline
Proved reserves of natural gas increased for the fifth year in a row, according to “Advance Summary: U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves 2003 Annual Report” released today by the Energy Information Administration. U.S. natural gas reserves increased by 1 percent in 2003.
Shell to pump £8bn into upping reserves
OIL giant Royal Dutch/Shell has announced plans to invest £8 billion a year over the next two years to boost its reserves and production, as it tries to move on from the reserves scandal that rocked the company earlier this year
US: Farm Bureau sounds alarm on natural gas
Testifying before a House Small Business subcommittee on behalf of the American Farm Bureau Federation, Missouri farmer Hal Swaney said increased energy costs over the 2003 through 2004 growing season have cost farmers more than $6 billion in added expenses to produce the food and fiber for this country.
OECD report forecasts strong economic growth, low inflation
Almost anytime is a good time for Alan Greenspan and other presidents or directors of central banks in Europe and Japan to remind the faithful that “extreme oil prices” act as a kind of energy tax, and in official central banker mythology ‘can only reduce economic growth,’ and of course raise inflation.
Man-Made Rainforest Baffles Scientists
A Man-Made rainforest that should have taken millennia to evolve has baffled scientists by springing up in just 150 years.
Dire Prophecy: As Prices Soar, Doomsayers Provoke Debate on Oil’s Future
A retired Irish geologist is at the center of a small, but suddenly influential, band of contrarians known as the peak-oil movement, which believes that by as early as next year, humanity will have burned through half the oil it will ever get, and that the era of cheap oil is over.
China’s crude oil imports jump over 37%
Fuelling world prices, China’s crude oil imports jumped 37.4 per cent in August from the same month a year earlier to 9.33 million metric tons (70 million barrels), the government reports.
Germany inaugurates new solar power plant in its push for more
German Environment Minister Jürgen Trittin recently inaugurated a large solar-powered energy plant in the eastern city of Espenhain, noting that Germany is the leading European country to install solar energy facilities.
India: Water everwhere but none to drink
Cherrapunjee, in the northeastern state of Meghalaya (the “Land of Clouds”), is a “wet desert”, and a case study in environmental degradation, deforestation and resource mismanagement.
Antarctic Glaciers Accelerating in Response to 2002 Ice Sheet Collapse
Glaciers in Antarctica’s most rapidly warming region have quickened their pace following the collapse of a Delaware-sized ice shelf in March 2002, according to a new study led by the University of Colorado at Boulder and a related study by NASA’s Jet Propulsion Laboratory.
China Urges Russia to Help Yukos to Resume Oil Shipments
Beijing is pushing the Russian government to intervene to get Russia’s top oil exporter to continue all its shipments to China. The Russian company Yukos says it will stop crude oil deliveries next week because it cannot afford the shipping costs.
