Q&A: The Future Of Energy
Newsweek Middle East regional editor Christopher Dickey and Forbes.Com editor Paul Maidment respond to queries from Forbes readers about the future of energy.
Fossil Fuels
Indonesia: Tough decisions await Yudhoyono
The price of crude nearly doubled this year, but for Indonesians that meant nothing. A fuel subsidy scheme means the Government, not consumers, picks up the bill for the increased cost of petrol, diesel and kerosene used everywhere for cooking.
Bush Set to Open Oil Reserve Spigot
With oil near $50 a barrel, the Bush administration is set to allow oil refineries to borrow from the government’s emergency petroleum stockpile to make up for supplies disrupted by Hurricane Ivan, a congressional source briefed on the pending decision told Reuters last week.
Can technology help find oil fast enough? Debate over ‘peak oil’ turns on industry advances
With oil prices hitting new highs, proponents of so-called “peak oil” argue that the world may be approaching the point where production can’t keep up with demand. And innovations, like 3D, are at the center of a debate over whether technology can help replace the world’s known oil supplies before they are depleted.
China mulls oil pipelines in Myanmar, Thailand
Booming China, with its voracious appetite for oil and urgent need for oil security, is considering a China-Myanmar oil pipeline and one through Thailand. These are among 10 recent proposals on alternative strategies to secure China’s energy supplies.
Oil has peaked
For 15 years, retired geologist Colin Campbell has warned of the approaching end of the age of oil and the dire consequences for the world should that happen. Although experts hotly debate the issue, it has drawn little attention from the average consumer.
Economy restructuring and peak oil
Andrew McKillop argues that up to a point, high oil prices can stimulate economies. However, ways must be found to rapidly decrease oil demand as leaving it to the market will necessarily lead to a new ‘Great Depression’.
Oil and Gas: Facing the Music Before it Stops: Hubbert and Odum
I’m glad to see the surge of interest in the coming peak of world oil production, even though the prospect is grim. Once again, people are willing to think about non-renewable resources and the consequences of an economy based on them. ….Most of the new information stems from the work of two little-known scientists, both deceased: petroleum geologist M. King Hubbert and systems ecologist Howard Odum.
China not giving up on Russian oil and gas
Russian leaders are acutely aware of the need to maintain a delicate balance between the looming giant that is China, and the pesky neighbor that is Japan.
U.S. Natural Gas Proved Reserves Up in 2003, But Crude Oil Proved Reserves Decline
Proved reserves of natural gas increased for the fifth year in a row, according to “Advance Summary: U.S. Crude Oil, Natural Gas, and Natural Gas Liquids Reserves 2003 Annual Report” released today by the Energy Information Administration. U.S. natural gas reserves increased by 1 percent in 2003.
Shell to pump £8bn into upping reserves
OIL giant Royal Dutch/Shell has announced plans to invest £8 billion a year over the next two years to boost its reserves and production, as it tries to move on from the reserves scandal that rocked the company earlier this year
US: Farm Bureau sounds alarm on natural gas
Testifying before a House Small Business subcommittee on behalf of the American Farm Bureau Federation, Missouri farmer Hal Swaney said increased energy costs over the 2003 through 2004 growing season have cost farmers more than $6 billion in added expenses to produce the food and fiber for this country.
