China: Hungry for Power (Part 1)
Energy crisis threatens ‘world’s factory’
Energy crisis threatens ‘world’s factory’
North Sea oil, the precious resource that has contributed hundreds of billions of pounds to the UK economy, is slowly slipping into history — so should Britain panic?
Royal Dutch/Shell Group’s overstatement of its proven reserves of oil and natural gas by 20 percent may be enough to prompt an inquiry by the U.S. Securities and Exchange Commission, an SEC spokesman said.
Here we have former US Treasury Secretary Paul O’Neill disclosing that George Bush came into office planning to overthrow Saddam Hussein, and MSNBC polls its audience with the question, Did O’Neill Betray Bush?
NEW ZEALAND – As this country continues hurtling towards the serious gas supply shortages predicted for 2005-06, commentators are hoping and praying for a less fractious and fragmented year than 2003.
“The US have only very recently become open about their energy requirements, and some say it’s as big a crisis, or potential crisis, as during the oil shocks,” says Australian Industry Minister, Ian Macfarlane.
The surplus on trade in oil fell to just £202 billion from £235m in October.
DEADHORSE, Alaska . Harry Bader slogged across a patch of America’s only Arctic shore, leaning into a late December gale that filled the midday twilight with blowing snow and sent the wind chill to 40 below.
Despite the weather, Mr. Bader, the state’s land manager for the oil-rich North Slope, was consumed with one thing – the warming climate. Oil-prospecting convoys in search of new deposits are allowed to crisscross the fragile tundra only when it is snowy and solid. But over three decades, rising temperatures have cut this frozen season in half, to 100 days from 200.
According to LUKoil Vice President Leonid Fedun, by 2007 the Russian oil and gas sector will stop rising.
Royal Dutch/Shell Group’s disclosure that it overstated its proven reserves by 20 per cent rattled energy investors and is raising questions about whether the oil industry as a whole has inflated its prospects.
It’s 2020, and the energy ministers of the Organization of Gas-Exporting Countries, known as OGEC, the umbrella for the dozen or so nations which dominate the market, gather in Madrid for their annual get-together to determine production quotas and price levels for the new primary energy source that fuels the global economy , natural gas, or more specifically, liquefied natural gas, known as LNG.
Tesuque engineer Mark Sardella envisions Santa Fe’s businesses and homes heated not by gas, not by coal, but by a source that went out of fashion, oh, about one and a half centuries ago — wood.