OPEC urges U.S. to release Strategic Petroleum Reserve
JAKARTA, Indonesia (Reuters) — OPEC president Purnomo Yusgiantoro said Wednesday he had urged the United States to use its strategic petroleum reserves (SPR) to bring down oil prices.
Energy Policy
Iran, China to boost energy cooperation
Iran’s Ambassador to Beijing Fereydoun Verdinejad said here Wednesday that Iran and China enjoy great potentials to boost long-term cooperation in various oil, gas and petrochemistry fields.
Stability fears rise as oil reliance grows
The good news is that there is plenty of oil and gas in the ground to meet demand. “The Earth’s energy resources are more than adequate to meet demand until 2030 and well beyond,” the report says.
And the bad news? Well, where to begin?
NZ has time to prepare for future oil crisis: Energy Minister
New Zealand has time to prepare for a future energy crisis due to escalating oil prices, Energy Minister Pete Hodgson said today. But the Government has accepted forecasts that many experts believed were too optimistic. Green co-leader Jeanette was particularly concerned about a concept known as “peak oil”.
NZ: Energy report: right direction but hurry up
The Green Party of New Zealand is enthusiastically welcoming the intent and content of the Government’s Sustainable Energy report, but says it still lacks a sense of urgency. A key example is Peak Oil. Some sections acknowledge that global oil production is going to peak in the foreseeable future. Yet it still appears to accept oil price forecasts that many experts think are way too optimistic.
Russia energizes Asian conquest
The Russian government is moving to tighten its grip on the country’s lucrative hydrocarbon and energy sectors, trying to consolidate all of the government’s energy assets under one roof.
IEA Says Current Energy Trends “Call for Urgent and Decisive Policy Responses”
Claude Mandil, executive director of the Paris-based International Energy Agency, presented a reassuring assessment today of the prospects for global energy supplies, but drew attention to serious concerns about energy security, investment, the environment and energy poverty. He called for more vigorous action to “steer the global energy system onto a more sustainable path”.
Sweden: Nuclear out, wind in (no matter what the people say)
“Nuclear power has run out of steam.” That was prime minister Göran Persson’s conclusion earlier this month when the government announced the decommissioning next year of the Barsebäck 2 nuclear plant. A survey has now shown that most Swedish people think that Sweden should continue to use the nuclear power plants currently in use.
Over a Barrel
Experts say we’re about to run out of oil. But we’re nowhere near having another technology ready to take its place.
The future of energy security
In the aftermath of 9/11, fears of global oil disruption sent prices up by nearly 30 percent to over $30 a barrel. During June/July 2004, the price of oil hovered around $40 a barrel. During September/October the price of oil rose to $50 a barrel, and the high price will remain for the rest of the year. By December 2005, the price of oil is likely to reach $80 a barrel. Growing demand of China and India will be the main cause of this price spike.
Energy fight? Not This Year
The guys on the campaign trail keep trying to ig nore the trillion-pound rhinoceros in the room. But soaring oil prices thunder the obvious: America had better prepare for a possible fall in world oil output if it doesn’t want to be left without affordable energy options.
The signposts point to more nuclear power
OIL at more than $50 a barrel concentrates the mind. What looked like a spike in prices is now taking on an air of permanence. Even when the price subsides, as it will, it will remain higher than seemed likely even a few months ago.