Insight and inspiration in turbulent times.
Crises multiply and grow, and still the petroleum bags are just dispensed as though they were falling autumn leaves doing no harm. We are now in the fall before the big autumn storm. Not many will make it through the coming “winter” of our own making.
WASHINGTON – Crude oil prices will increase gradually and reach $51 a barrel by 2025 due to inflation and rising energy needs in developing nations, according to an Energy Department projection.
Today gas has never been more vital to the UK’s energy needs, and never more of a possible future strategic and political concern.
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.
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.
The natural gas industry faces a year of conflicting extremes in 2004.
It is about oil
The International Energy Agency Friday raised its estimate of global oil demand in 2004 by 50,000 b/d to 79.63-mil b/d.
The human price of coal.
Q: Do you think that we have changed the carrying capacity of the earth through fossil fuels to the extent that we could not support the current population with organic agriculture free of synthetic fertilizers?
The plan involves three interacting strategies. One is a subsidy switch, in which industrial countries would eliminate government subsidies for fossil fuels and establish equivalent subsidies for renewable, non-carbon energy technologies. Another is a clean energy transfer fund, which entails creating a pool of money on the order of $300 billion a year to provide renewable energy technologies to developing countries. The last one is a progressively more stringent fossil fuel efficiency standard that rises by 5% per year; its adoption, perhaps within the Kyoto framework, could be complemented with the emissions trading mechanism to help nations meet it.
Energy crisis threatens ‘world’s factory’
