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US Energy Secy: Oil Supply Unable to Keep Up with Demand
Siobhan Hughes, Schlumberger
U.S. Energy Secretary Samuel Bodman said Friday that high crude prices are being driven by fundamentals, not speculators.
“It’s clear we’ve got suppliers unable to keep up with demand,” Bodman said, in an interview on CNBC. “That’s what’s driving prices.”
Bodman added that tight oil output capacity means producers don’t have the flexibility to easily increase supplies as they had in the past.
He was speaking as benchmark crude prices hit fresh records, buoyed by shrinking global inventories, the weak dollar and anticipation of a Turkish incursion into northern Iraq.
(12 October 2007)
Where the ’08 contenders stand on global warming
Brad Knickerbocker, The Christian Science Monitor
Their positions range from enacting a corporate carbon tax to dismissing the threat.
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Al Gore’s Nobel Peace Prize for his years of work on climate change has caused considerable speculation about whether he might be a late entry in the race for the White House, a subject on which he remains coy. But where does the former vice president’s award leave the declared presidential candidates on global warming?
Their positions range widely: from a corporate carbon tax (Sen. Christopher Dodd) and an 80 percent reduction in greenhouse gases by 2050 (John Edwards) to a cap-and-trade system on such gases (Sen. John McCain) to a pooh-poohing of the kind of climate threat Mr. Gore warns about (Rep. Tom Tancredo).
Asked by the Associated Press to name “the last work of fiction you’ve read,” Republican Congressman Tancredo said it was Gore’s “An Inconvenient Truth.”
Inevitably, global warming and the gases scientists say are largely responsible – principally carbon dioxide – are tied to fossil fuels and energy policy.
(15 October 2007)
Rep. Jay Inslee discusses future of energy bill, climate legislation, clean energy
E&E TV
With talks of an energy conference at a stand still, what lies ahead for the energy bill? During today’s OnPoint, Congressman Jay Inslee (D-Wash.) discusses the future of the energy bill now that House Speaker Nancy Pelosi (D-Calif.) has said she would like to proceed without convening a formal conference.
Congressman Inslee, a member of the Energy Subcommittee of the House Energy and Commerce Committee and the Select Committee on Energy Independence and Global Warming, also discusses his new book, “Apollo’s Fire: Igniting America’s Clean Energy Economy.”
(15 October 2007)
