Goldman Sachs: Oil Could Spike to $105
Oil markets have entered a “super-spike” period that could see 1970’s-style price surges as high as $105 a barrel, investment bank Goldman Sachs said in a research report.
Oil
Russia raises oil export tax
LOS ANGELES — The Russian government plans to increase its oil export duty to a record $102.60/tonne starting Apr. 1. The duty has been $83/tonne since Feb. 1.
During December 2004 and January, the duty was $101/tonne, the previous highest level. Russia’s oil export duty is reconsidered every 2 months.
Shell pumps twice as much as it finds
But similar to industry trend where private oil companies can’t locate large future reserves.
Philippines: Four-day work week to save energy
Philippines President Gloria Arroyo ordered most Philippine government offices to go on to four-day working weeks in April and May to conserve energy amid surging crude oil prices, the presidential palace said today.
Oil prices spread to grapes, TVs, pizza
The hike in oil prices is beginning to ripple through the economy, pinching consumers at places far beyond the gas pump.
Peaking World Oil Production Could Cause Severe Disruptions
The United States must act now to deal with peaking world oil production or face disruptions far greater that the 1973 oil embargo or the 1979 Iranian oil cutoff, according to an article in the spring issue of Issues in Science and Technology.
Asia bent on having own oil market despite warnings
Several Asian countries are pushing ahead with their long held objective of establishing a regional oil market for cheaper supplies, despite warnings such an initiative could backfire.
Unlikely bedfellows lobby against US gas-guzzlers
A group of former national security officials on Monday took up the cause of weaning U.S. drivers from their oil addiction — normally the realm of environmental groups — and asked the Bush administration to spend $1 billion on lighter, more fuel-efficient automobiles.
A New Era for Oil?
The interesting question about the advent of $50-a-barrel oil is whether it signals a new era in the economics and politics of energy.
Geo-Green dreams
If Geo-Green ideas are unchallenged, we will watch tragedy unfold as unsustainable proposals continue to be written as energy policy in Washington D.C., with billions spent on blind industry wish fulfillment.
Forecasting the availability and diversity of global conventional oil supply (Summary)
An independent study has modeled various scenarios to project possible dates of global oil peak. The modelers used data from both the USGS and ASPO to reach their conclusion that ‘the answer to the question, “how much longer can we increase oil production?”, seems to be probably not much more than 30 years, and perhaps less than five.’
Battle for Canada’s underground resources
While Congress debates whether to allow oil and gas drilling in Alaska’s Arctic National Wildlife Refuge, a similar battle with much higher stakes is under way in northwest Canada.
