Boone Pickens doesn’t expect drop in oil prices
Crude oil prices are likely to stay near the record $55.33 a barrel reached this week in New York because global supplies of the raw material are peaking, Dallas oil investor Boone Pickens said.
Mark Shenk
Will oil woes lead to Asian EU?
As the world’s known deposits of fossil fuel are being run down, not least because of the growing demand of economies such as China’s, the day may come when the big consuming countries will have to fight – literally, in the worst case scenario – for supplies. But it does not have to turn out that way if the far-sighted in Asia can persuade their countrymen to put aside the past and work together to ensure energy security for all.
Fed. Reserve Governor Says Days of Cheap Oil Are Over
Federal Reserve Governor Ben Bernanke said the days of cheap oil are likely over, although he expects the economic consequences of higher energy prices will be “manageable.”
CGES: OPEC pushing limits of oil production capacity
According to a report by the London-based Centre for Global Energy Studies, most members of OPEC are pushing the limits of their oil production capability, and some probably are finding that their sustainable capacity is not as high as originally thought.
420 Million: America’s New Population Boom
Just like rising energy demand, global warming, and racial distrust, America’s population boom is escaping serious attention from both presidential candidates. This is happening —or rather, not happening — even though the United States is growing more rapidly than it ever has before.
Iran: The dangers of playing hardball
The month of November in a US presidential-election year is not supposed to be particularly eventful, but this year may be an exception, in the light of the gathering storm over Iran’s nuclear program, due to be reviewed by the United Nations’ nuclear watchdog, the International Atomic Energy Agency (IAEA), in late November.
China set to buy Canadian
China’s Communist rulers have a blunt message for anyone who frets about the planned Chinese takeover of Canada’s biggest mining company: Get ready for more to come.
Breaking free from energy dependence
Short of radically altering America’s driving habits, the United States cannot achieve energy independence without spending billions of dollars on new initiatives. And no political consensus exists to spend those sums despite decades of promises to cut oil imports. But new plans are emerging that might sway lawmakers.
LNG boom needs terminal sites
In a rush to take advantage of high gas prices and low importing costs for liquefied natural gas, U.S. energy companies have been working to open LNG facilities on the nation’s East, West and Gulf coasts.
Nuclear plant radiation may be 10 times previous estimates
Low-level radiation from nuclear plants may be up to ten times more hazardous than has been previously estimated, a panel of experts said today.
‘SA may be forced to turn to nuclear power’
In what appears to be a move to pave the way for the Pebble Bed Modular Reactor (PBMR), Maqubela said if South Africa continued to rely primarily on coal, the country would not be able to commit itself to reducing CO2 emissions.
Mortgage monster scares market
THERE is a volcano rumbling in the US, with many praying it does not erupt. Concerned observers of the accounting troubles at mortgage financier Fannie Mae include both the International Monetary Fund and the Federal Reserve Bank.
