How to Hedge the Crude-Oil and Gas `Energy Tax’
Record-setting natural-gas and oil prices are tag-teaming to create a winter of discontent for most households. Yet you can protect yourself through your investments and home improvements.
Natural Gas
Report from Germany: The 3rd International Meeting on Peak Oil and Gas
Eight-page report on the Association for the Study of Peak Oil and Gas (ASPO)conference this May in Germany…Our conclusion from the meeting? Peak Oil is real, and it’s getting closer.
Britain’s shrinking oil and gas supplies
Higher oil prices mean more cash to British-based oil companies and extra tax for the exchequer. But as domestic supplies run dry the future will bring increased import bills for crude, petroleum products and gas, which is also running out.
Limited Availability for ‘Cheap’ LNG to the U.S.
There has been suggestion the U.S. import ‘cheap’ (i.e., nearby supplies priced at variable cost) LNG into the U.S. as a way to apply downward pressure on domestic natural gas prices. However, The U.S. will not be able to attract substantial volumes of spot LNG because there is little supply not committed to firm European and Asian contracts through 2005.
UK: BP abandons small firms to concentrate on bigger picture
BP has decided to pull out of supplying small British manufacturers with industrial gas as thousands of businesses are being hit with a near-doubling of energy bills.
NZ: $1 billion gasfield ‘all on’
It’s “all on” for the $1 billion development of Taranaki’s Pohokura gas discovery. Pohokura will be New Zealand’s most significant petroleum development since the now-declining Maui field came into production in 1979.
Europe Worries Over Russian Gas Giant’s Influence
Much to the consternation of the European Union, which now numbers several former Soviet bloc nations among its members, Russia through its natural gas monopoly, Gazprom, has spun a web of control over energy supplies extending from Estonia on the Baltic Sea to Bulgaria on the Black Sea.
Company’s prediction of a natural-gas crisis is challenged by other energy experts
San Diego-based Sempra Energy has a chilling view of the nation’s prospects for producing natural gas, the fuel used to heat a majority of U.S. homes and increasingly used to generate electricity.
Natural gas supply fears raise prices
Natural gas prices have jumped 17% in two days, a chilling development for the millions of Americans who heat their homes with natural gas.
High noon for oil and gas, twilight for suburbia?
‘It looks like 2007-2008 will be about the latest before world oil supplies get into trouble, and if Saudi Arabia gets into trouble before then, very likely we will move into decline before then.’
The Energy Challenge 2004 — Natural Gas
Natural gas is a more difficult subject to address than petroleum, because the data is much less complete and reliable, and because the USA situation appears much more precarious than the world situation.
Q&A: The Future Of Energy
Newsweek Middle East regional editor Christopher Dickey and Forbes.Com editor Paul Maidment respond to queries from Forbes readers about the future of energy.