OPEC: Demand for Oil Growing
OPEC expects world oil demand to rise by some 2 million barrels per day in the third quarter from a seasonal second quarter low, as consumption growth hits a seven-year high, the cartel said Thursday.
Japan: N-reprocessing seen key to energy policy
With a lack of conventional energy resources, Japan has sought to establish a nuclear fuel cycle. This would involve reprocessing plutonium extracted from spent nuclear fuel to produce fresh nuclear fuel. After a series of problems, the plan is on the brink of falling apart, however.
Angola’s $370m oil plan stirs up activists
Luanda – The Angolan government yesterday unveiled a $370 million (R2.4 billion) plan to develop infrastructure in the oil-rich Cabinda enclave, in a bid to win over a region that has long pushed for self-determination.
Facing the Limits to Growth
In an updated version of an influential 1972 book on the dangers facing the planet, the authors confirm that the earth is taxed and overcommitted. But, as they say, knowing is half the battle.
Australia not facing up to reality of energy resources
Australia will have to import oil by the end of this decade as we move into a world where prices are inevitably going to be higher.
Oil market balanced on a knife’s edge in absence of Iraqi crude
The recent sabotage of Iraq’s oil pipelines has raised fresh concerns about production capacity and room for maneuver in case of a crisis amid firm global oil demand.
Americans leaving Saudi Arabia in droves
Thousands of workers fleeing stepped-up kidnappings by al-Qaida.
Fresh fears emerge of Euro-grab for UK oil
Concern that the European Commission could gain control of Britain’s North Sea oil resurfaced last night.
Cheap oil now, high costs later
IN THE short run, it is good news that the price of a barrel of crude oil has fallen below US$40 (S$69). In the long run, however, this is not good news. In fact, it may be terrible news.
Enron and Bush energy policy: news roundup 17 June 2004
FERC orders California to pay Enron and other energy companies $250M, the very companies that the state argues should be refunding $9 billion to California for market rigging during the power crisis three years ago. Meanwhile, questions are raised about Cheney’s knowledge of price fixing. And Bush attempts to revive failed Ken Lay inspired energy policy.
Bio warfare: Nothing more exposes fantastic delusions of the nutters who run the USA
Since 9/11 more than US$10 billion has been spent on biological weapons, and the physical plant at the Fort has been expanded to the tune of $400 million.
Kazakhstan builds oil ties with Iran
Kazakhstan announced on Friday that it planned to build two oil terminals in Iran as it ramps up a lucrative oil-swap export arrangement that has been criticised for lack of transparency.
