How to Hedge the Crude-Oil and Gas `Energy Tax’
Record-setting natural-gas and oil prices are tag-teaming to create a winter of discontent for most households. Yet you can protect yourself through your investments and home improvements.
Oil
IHS Energy’s Report on 10-Year Petroleum Trends — 1994-2003
IHS Energy claim that the current oil ‘demand crunch’ is primarily geopolitical – not geological – in nature, while the long term energy outlook is promising.
At $3.41 a gallon, gas is too costly for many Cubans
Feeling pain at the gas pump? Be thankful you don’t live in Cuba, where the typical worker must labor for an entire week just to earn enough for a gallon of the precious stuff.
Lack of refining capacity for heavy crudes pushing oil prices higher
Oil consuming countries, and especially the United States, are struggling to refine heavy crude oil as lighter crudes become rarer, driving global oil prices higher.
Oil Windfall Gives Saudi the Capital to Add New Output Capacity
Record oil prices are likely to reduce the chances that companies such as Exxon Mobil Corp. or BP Plc will be asked to develop new crude output capacity in Saudi Arabia as the kingdom doesn’t need their capital, Aramco oil company officials and analysts said.
Iraq opens oil reserves to Western companies
Iraq has issued an open invitation to the world’s largest oil companies to exploit its vast reserves.
Bush talks about Peak Oil at luncheon
Someone asked Bush what he’s going to do about energy policy with worldwide oil reserves predicted to peak. Bush said: “I’m going to push nuclear energy, drilling in Alaska and clean coal. Some nuclear-fusion technologies are interesting.” He mentions energy from “processing corn.”
Oil’s slippery slope
If someone sitting in air-conditioned comfort in one part of the world believes that what happens in Iraq or Nigeria, Venezuela or Colombia doesn’t affect him or her, Sonia Shah’s Crude: The Story of Oil takes that little daydream and shakes it up.
Australian Treasurer fears third oil shock
Federal Treasurer Peter Costello has warned that the record international oil price could deliver a “double whammy” to the Australian economy, describing it as “the third oil price shock”.
Recession clouds gather on the horizon
Recession is something rarely announced by politicians – it does not sound too good. And elections are often based on economic well-being, so to tell the nation that a recession is here, or coming, does not bode well for those in office.
Oil to hit US$100 a barrel, says psychic
OIL prices will skyrocket to US$100 per barrel, but the rich in Trinidad and Tobago will continue to get richer and the poor poorer. Yesenia Gonzalez, the 44-year-old Venezuelan psychic, is so confident this prediction would materialise in 2005, that she said she was prepared to put her reputation as a “top international psychic” on the line. [ At least she’s been reading her ASPO newsletters. ]
The Problem: We’re Almost Out of Oil and Fossil Fuels
A treasure chest of downloadable presentations on Peak Oil topics, including OPEC, energy and equity, alternative energy, and hydrogen.
