Page 3114 – resilience

Maybe it’s time to panic about gas

Robert Little, Allentown Morning Call, PA

May 29, 2004

Breaking the $2-a-gallon gasoline price barrier was unpleasant, and your lightened wallet may be eliciting visions of Nixon-era rationing and fill-up lines beyond the horizon, but geologists and economists think the industry and the economy will be just fine. Gas is cheap, they say, when you consider the rising costs of everything else. But another consensus has emerged among the experts: This might be a good time to panic anyway.

Relationship of oil, stocks leads to ugly truths

Scott Burns, Houston Chronicle

May 29, 2004

One message is very clear: When oil prices rise, stock prices tend to fall. When oil prices sink, stock prices tend to rise.

Terrorism concern spurs oil price rise

Agencies, The Financial Express

May 29, 2004

Al-Qaeda-linked militants killed at least nine Saudis and seven foreigners in a string of attacks in an oil-industry city Saturday, then took hostages and fled with security forces in hot pursuit.

Bush was sure that Iraq’s oil reserves would be flowing again by now … Another big mistake

James Cusick, Sunday Herald

May 29, 2004

IN July 2002, the Pentagon’s Defence Policy Board was given a briefing by Laurent Murawiec of the Rand Institute. The advisory group of intellectuals and government officials heard Saudi Arabia described as the enemy of the United States. The Saudis were the “kernel of evil, the prime mover, the most dangerous opponent”.

Northern Spanish region leads way on renewable energy

AFP, TerraDaily

May 29, 2004

In just a decade, the northeastern Spanish region of Navarra has made a name for itself by leading Europe’s charge towards increased use of renewable energy.

The Peak Oil Bandwagon – Museletter 146

Richard Heinberg, Museletter

May 29, 2004

Richard Heinberg on peak oil’s rising recognition in the public sphere, Saudi Arabian reserves, the Shell/Royal Dutch shock, the petroleum plateau, the war on Iraq, 9/11 complicity, and U.S. party politics.

OPEC Meeting May Increase Quotas for Oil

Heather Timmons, New York Times

May 28, 2004

Scrambling to control high oil prices, the Organization of the Petroleum Exporting Countries will meet this weekend in Beirut before its official conference there next week and may pursue a plan to raise quotas sharply or do away with them entirely, an OPEC spokesman said yesterday.

Indonesian Oil News Round Up

various, News Roundup

May 28, 2004

Indonesia is a net oil importer, and as such, should leave OPEC, says its former energy minister. Meanwhile, the high oil prices are have a damaging effect on the nation’s economy.

U.S. energy official praises Russia’s oil increase

Erin E. Arvedlund, International Herald Tribune

May 28, 2004

The U.S. energy secretary, Spencer Abraham, praised on Friday Russia’s plans to increase oil exports to America and highlighted natural gas as the next long-term U.S.- Russia joint energy project.

A Different Era for the Alternative Energy Business

Barnaby J. Feder, New York Times

May 28, 2004

The most accessible deposits of fossil fuel are being rapidly depleted. At the same time, alternative energy sources are being viewed more and more as a worthwhile insurance policy against the risk of depending on the Middle East and other unstable regions for the bulk of the world’s oil and gas supply.

This world is running on empty

Llewellyn King, Houson Chronicle

May 28, 2004

The late M. King Hubbert was a visionary in the world of oil and, accordingly, he was either revered or reviled. Then he was forgotten. Now, in a time of oil shortage, some economists are taking a furtive look as his work.

Are we running on empty?

William Bunch, Philadelphia Daily News

May 27, 2004

The most negative theorists believe that a worldwide crisis of war and famine will be triggered not when we run out of oil, but when demand outstrips supply in a few years.

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Maybe it’s time to panic about gas

Relationship of oil, stocks leads to ugly truths

Terrorism concern spurs oil price rise

Bush was sure that Iraq’s oil reserves would be flowing again by now … Another big mistake

Northern Spanish region leads way on renewable energy

The Peak Oil Bandwagon – Museletter 146

OPEC Meeting May Increase Quotas for Oil

Indonesian Oil News Round Up

U.S. energy official praises Russia’s oil increase

A Different Era for the Alternative Energy Business

This world is running on empty

Are we running on empty?