Insight and inspiration in turbulent times.
James Flanigan The world’s oil companies were already double-checking their books before Royal Dutch/Shell Group sent the industry into a tizzy this month by reducing the stated amounts of its proven reserves by almost 4 billion barrels of oil and natural gas. That’s 20% of its total.
LORD BROWNE, chief executive of BP, the world’s second-largest oil company, has warned the City and British industry to prepare for a long period of high oil prices.
AUSTRALIA has offered to send technical experts to the US to convince the California administration of Arnold Schwarzwenegger that liquefied natural gas plants can be environmentally safe and secure.
It is about oil
The International Energy Agency Friday raised its estimate of global oil demand in 2004 by 50,000 b/d to 79.63-mil b/d.
US could follow in wake of Shell scandal
MOSCOW – Russia on Thursday declined Japanese pleas to back Tokyo’s bid to host a disputed nuclear fusion reactor as the global contest for the multi-billion project threatened to hurt relations among the participants.
Japan and France are vying for the right to build the world’s first such reactor, but the six members of the joint venture have so far failed to agree on the site. The plant would generate energy the same way the sun does.
Says products could pay for forest thinning
WESTERN AUSTRALIA – State Development Minister Clive Brown has a bold new energy vision for Western Australia, yesterday outlining the potential for a green hydrogen economy.
Sharp increases in short-term natural gas prices have prompted some to call for more drilling on public lands and fewer environmental safeguards on gas exploration and use. This January 2004 NRDC analysis confirms emphatically what U.S. Secretary of Energy Spencer Abraham has already acknowledged: the fastest, cheapest and cleanest forms of relief from these increases come from more efficient use of natural gas.
An email from an economist expressing some reasonable concerns about the limited research available predicting or negating imminent oil peak.
Q: Do you think that we have changed the carrying capacity of the earth through fossil fuels to the extent that we could not support the current population with organic agriculture free of synthetic fertilizers?
