What difference would Nord Stream mean to European energy supply?

The plans to build the politically and environmentally controversial Nord Stream pipeline have been in the air since 1997. With Finland and Sweden finally saying “yes” to the pipeline in their waters, the wheels of construction are now in full speed with the first line to be opened in the 2011. This will bring relief to Europe that is struggling with energy supply–yet not everyone is a winner.

The Peak Oil Crisis: A Meeting in California

Absent from the meeting was any representation from our political leadership who are currently busy: 1) denying there is a problem; 2) trying to spend our way out of the recession; or 3) simply overcome by the pace of events and do not want to rock the boat by speaking publically on such matters before the next election.

January 2010 US Natural Gas Update

Natural gas prices continue their recovery. Cold weather has caused high levels of space heating that have resulted in reduced gas storage inventories. Henry Hub spot prices have recovered from their September $2.18 low to an average price of $5.56/MMbtu in the week ending January 22, 2010 (Figure 1). The average daily spot price for 2009 was $3.95/MMbtu…