Insight and inspiration in turbulent times.
Ultimately, it’s up to U.S. consumers to wean themselves from their costly addiction to oil, which increasingly is coming from less-than-stable parts of the world. And this will require some tough love.
It’s 2006. Bin Laden conquers Arabia. Crude prices are nudging $100. A far-off fantasy? Don’t you believe it, writes Oliver Morgan
Shaken energy managers throughout Silicon Valley are finding cheap, long-term electricity deals a thing of the past as they go about trying to replace expiring energy contracts.
THERMAL coal spot prices, which smashed records earlier this year, are expected to remain high as Chinese demand increases.
Official figures published in Jakarta last month show Indonesia became a net importer of crude oil for the first time in February and March.
THIS SUMMER, with gasoline prices reaching $2 per gallon across America, Ford Motor Co. will begin selling the first gas-electric hybrid SUV.
DESIGNERS and developers of nuclear power stations seeking career opportunities at the beginning of the 21st century are looking to Asia.
OPEC ministers said yesterday that they will increase oil production, allowing members to pump at will and bypass the quota system that has governed supplies for most of the past two decades.
Demand for unconventional oil is expected to reach 10.31 million bbl in 2008, up from 8.59 million barrels in 2003 at an average annual growth rate (AAGR) of 3.7%, said Business Communications Co. Inc., Norwalk, Conn.
Bush’s energy bill, written by Vice President Dick Cheney’s secret energy task force with the help of oil industry executives – including former Enron executive Ken Lay – was a subsidy-laden giveaway which would have done little to promote conservation or alternative fuels.
U.K. Conservative Party Leader Michael Howard encouraged motorists to protest rising fuel prices and Prime Minister Tony Blair’s plan to boost taxes on gasoline.
Oil prices are back in the headlines and likely to stay there, as the world’s global energy crosses new thresholds of increased demand, clashing politics and threats of terrorism.
