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Lehman Sees US Gas Supply Down 3% In 2003, Down 1% In 2004

January 19, 2004

NEW YORK -U.S. natural gas supply declined last year and should continue to do so in 2004, but at a slower pace, according to a report by Lehman Brothers.

US: Governor Pushes for ‘Hydrogen Highways’

Miguel Bustillo, LA Times

January 19, 2004

Gov. Arnold Schwarzenegger wants to speed California drivers to a future in which the most common element in the universe — hydrogen — will power their cars instead of petroleum.

US-Mideast oil ties undergo rapid change

Youssef M. Ibrahim, the Daily Star

January 19, 2004

Once upon a time there were four American oil companies that controlled the world of oil. Their names were Exxon, Mobil, Chevron and Texaco. But in the past 40 years, the world of oil has been turned upside down.

Saudi Oil Minister: $25 crude would be a “miracle”

AP, AP

January 19, 2004

Saudi Arabia would like to see OPEC’s reverence price for oil remain constant at $25 a barrel, but the country’s oil minister said Wednesday it would “be a miracle” if that happens.

Algeria blast to hit LNG exports, importers calm

Margaret Orgill, Forbes

January 19, 2004

LONDON, Jan 20 (Reuters) – A huge explosion at the Skikda liquefied natural gas (LNG) plant in Algeria will hit the country’s gas exports to southern Europe but importers played down the impact on Tuesday saying they had plenty of alternative suppliers

Natural Gas Updates – A Dark And Cold Future

Dale Allen Pfeiffer, From The Wilderness

January 18, 2004

Evidence of a looming North American Natural Gas crisis.

US: Utility bills skyrocket due to higher oil and natural gas prices

Associated Press, Billings Gazette

January 18, 2004

Utility bills are soaring this winter, hurting homeowners and businesses alike, for reasons that have less to do with nasty weather than with tight supplies of natural gas and oil.

Bush-Cheney Energy Strategy: Procuring the Rest of the World’s Oil

Michael Klare, FPIF

January 18, 2004

When first assuming office in early 2001, President George W. Bush’s top foreign policy priority was to increase the flow of petroleum from suppliers abroad to U.S. markets.

Energy sector could ignore waste wood as fuel, expert warns

staff reporter, Lets Recycle

January 18, 2004

The biomass power generation market could close its doors to wood recyclers if something is not done to address their misperceptions, an expert has said.

US: Demand outpaces gas production

Monica Perin, Houston Business Journal

January 18, 2004

The natural gas industry faces a year of conflicting extremes in 2004.

Increased Scrutiny Could Shrink World Oil Reserves

James Flanigan, LA Times

January 17, 2004

The world’s oil companies were already double-checking their books before Royal Dutch/Shell Group sent the industry into a tizzy this month by reducing the stated amounts of its proven reserves by almost 4 billion barrels of oil and natural gas. That’s 20% of its total.

BP: oil price will stay high

Lucinda Kemeny, Sunday Times UK

January 17, 2004

LORD BROWNE, chief executive of BP, the world’s second-largest oil company, has warned the City and British industry to prepare for a long period of high oil prices.

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Lehman Sees US Gas Supply Down 3% In 2003, Down 1% In 2004

US: Governor Pushes for ‘Hydrogen Highways’

US-Mideast oil ties undergo rapid change

Saudi Oil Minister: $25 crude would be a “miracle”

Algeria blast to hit LNG exports, importers calm

Natural Gas Updates – A Dark And Cold Future

US: Utility bills skyrocket due to higher oil and natural gas prices

Bush-Cheney Energy Strategy: Procuring the Rest of the World’s Oil

Energy sector could ignore waste wood as fuel, expert warns

US: Demand outpaces gas production

Increased Scrutiny Could Shrink World Oil Reserves

BP: oil price will stay high