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Oil Demand to Rise the Most in 16 Years, IEA Says

May 11, 2004

World oil demand will rise the most since 1988 as economic growth accelerates and consumption surges in China, said the International Energy Agency, an adviser to 26 industrialized countries on oil policy.

UK oil production dropping.

ER contributor, EnergyResources

May 11, 2004

Oil production in the UK has typically has a seasonal pattern, which makes it a bit of a surprise that this Feb was the worst month on the DTI’s site for oil production.

Australia: Budget cash to shore up oil reserves

Jason Koutsoukis, The Age

May 10, 2004

The Federal Government will launch a major push to find another Bass Strait-type oil reserve to combat concerns over Australia’s looming oil supply crisis as part of a wide range of giveaways in today’s federal budget.

Don’t gripe about gas prices

Richard Gilbert, Globe and Mail

May 10, 2004

Oil prices, at their highest levels for more than a decade, are trending upward. Natural gas prices are going out of sight. Yet more blips in the ups and downs of fuel costs? Or, as many believe, the start of an era of ever-more-expensive energy?

Oil Hits $40, Doubts OPEC Can Fix Supply

staff reporter, Reuters

May 10, 2004

NEW YORK/LONDON – Oil prices bounced back to 13-year peaks above $40 on Tuesday on doubts that top world exporter Saudi Arabia’s call for a rise in OPEC quotas would add much actual supply to a tight international market.

Saudi fields are vital to world’s oil supply

James Cox, USA Today

May 9, 2004

Saudi Arabia is considered the world’s lone indispensable oil supplier. But is it a reliable one?

Study: Cos. More Aggressive in Booking Some Oil Reserves

Dow Jones Newswires, CNN Money

May 9, 2004

HOUSTON — Medium-sized energy companies have become more aggressive in booking proved undeveloped oil and gas reserves to compensate for their inability to achieve production growth, according to a report released Monday.

Vonnegut: Cold Turkey

Kurt Vonnegut, In These Times

May 9, 2004

When you got here, even when I got here, the industrialized world was already hopelessly hooked on fossil fuels, and very soon now there won’t be any more of those. Cold turkey.

Russia’s unpleasant future

Abu-Aslan Berdushin, Kavkaz-Center

May 9, 2004

As soon as natural resources start running out or some alternative energy sources come up, Russia will start slipping down into a bottomless precipice and will inevitably collapse into small territories.

Saudi Oil Minister Calls on OPEC to Increase Output

Dania Saadi, Bloomberg

May 9, 2004

Saudi Arabia’s oil minister said the Organization of Petroleum Exporting Countries should increase quotas by 6.4 percent, causing the biggest drop in crude oil prices in more than a month.

Pipe attack ‘slows Iraq oil flow’

staff reporter, BBC

May 9, 2004

A suspected sabotage attack on an Iraqi oil pipeline has caused a significant drop in exports, reports say.

Oil crisis looming: Australian Greens

AAP, The Age

May 8, 2004

Spiralling oil prices would force an economic crisis in Australia within 15 years if authorities failed to act now, the Australian Greens said today.

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Oil Demand to Rise the Most in 16 Years, IEA Says

UK oil production dropping.

Australia: Budget cash to shore up oil reserves

Don’t gripe about gas prices

Oil Hits $40, Doubts OPEC Can Fix Supply

Saudi fields are vital to world’s oil supply

Study: Cos. More Aggressive in Booking Some Oil Reserves

Vonnegut: Cold Turkey

Russia’s unpleasant future

Saudi Oil Minister Calls on OPEC to Increase Output

Pipe attack ‘slows Iraq oil flow’

Oil crisis looming: Australian Greens