Report: Oil Will Cost $51/barrel by 2025
WASHINGTON – Crude oil prices will increase gradually and reach $51 a barrel by 2025 due to inflation and rising energy needs in developing nations, according to an Energy Department projection.
Consumption & Demand
UK: Growing concern over gas imports
Today gas has never been more vital to the UK’s energy needs, and never more of a possible future strategic and political concern.
Saudi Oil Minister: $25 crude would be a “miracle”
Saudi Arabia would like to see OPEC’s reverence price for oil remain constant at $25 a barrel, but the country’s oil minister said Wednesday it would “be a miracle” if that happens.
US: Utility bills skyrocket due to higher oil and natural gas prices
Utility bills are soaring this winter, hurting homeowners and businesses alike, for reasons that have less to do with nasty weather than with tight supplies of natural gas and oil.
US: Demand outpaces gas production
The natural gas industry faces a year of conflicting extremes in 2004.
China: Hungry for Power (Part 3)
It is about oil
IEA 2004 world oil demand forecast up 50,000 b/d to 79.63-mil b/d
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.
Toward A Global Energy Transition
The plan involves three interacting strategies. One is a subsidy switch, in which industrial countries would eliminate government subsidies for fossil fuels and establish equivalent subsidies for renewable, non-carbon energy technologies. Another is a clean energy transfer fund, which entails creating a pool of money on the order of $300 billion a year to provide renewable energy technologies to developing countries. The last one is a progressively more stringent fossil fuel efficiency standard that rises by 5% per year; its adoption, perhaps within the Kyoto framework, could be complemented with the emissions trading mechanism to help nations meet it.
China: Hungry for Power (Part 2)
The human price of coal.
Fast Food World: Perils and Promises of the Global Food Chain (excerpt)
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?
China: Hungry for Power (Part 1)
Energy crisis threatens ‘world’s factory’
Shop ‘Til the Earth goes ‘Pop’
Fatter and ever hungrier for the latest physical comforts and social-status symbols, the average U.S. citizen is leading the world in building a global consumer society that is wreaking havoc on the world’s natural resources.
