China: 1.3 billion reasons to worry about oil
American leaders have good reason to worry about the price of oil. Oil price shocks can play a decisive role in ending a presidency, as in the cases of Presidents Jimmy Carter and George H. W. Bush.
Consumption & Demand
Global Oil Demand Expected to Exceed Forecasts, Report Says
Global oil demand is expected to be higher in 2004 and 2005 than initially forecast, increasing pressure on oil producers to boost their output at a time when rising oil prices may hurt a recovering world economy.
Western Australia moving to reduce oil dependence
Amid predictions of long-term price hikes, the Gallop Government is already moving to reduce Western Australia’s dependence on oil, according to Planning and Infrastructure Minister Alannah MacTiernan.
US: Higher oil prices barely dent demand growth
Record oil prices above $40 a barrel are barely curbing surging demand growth in major consuming nations, despite concern over the economic fallout of higher energy costs.
Soaring oil prices set to have long-term global impact
Spike in Crude rates a structural phenomenon. Current crisis due to combination of limited resources, increasing demand, driven mostly by China and India
Why oil prices may stay sky high
Experts point to the doubling of the pace of global demand in the past year, little spare production capacity, continuing terrorist attacks in the Middle East, and a controversial presidential referendum on Aug. 15 in Venezuela, the world’s No. 5 oil producer.
Stark choices face us on energy use
Human nature is such that we tend to wait for a crisis to happen before we react. However, as the current series of articles on the looming energy crisis highlight, we do so at our peril.
Argentine homes save on gas, electricity to meet energy crisis.
The Argentine government on Friday said that in the first six months of the year a plan to reduce household energy consumption yielded savings of 8 percent on domestic gas and 3 percent on electricity, which were used to supply growing industrial demand.
Gas and oil rivalry in the East China Sea
Current explorations of an offshore gas field in the East China Sea by both China and Japan have recently strained relations between the two powerful nations.
Forget global terrorism, China is about to flick the switch on a global energy crisis
The Chinese government plans to triple China’s energy supply over the next 15 years. That means adding enough new power stations to supply the entire energy needs of Sweden each year.
The idle shall inherit the earth
The work ethic maintains a strong grip on our psyche, but it is dangerous and unnecessary. Colin Tudge on the evolutionists’ case for getting off the treadmill and taking it easy
California: Hot days putting power to the test
“We kind of hit a cliff after 2006. As we look farther out, there are much fewer megawatts coming online.”
