AUSTRALIA – Hopes of $50bn gas sale
“The US have only very recently become open about their energy requirements, and some say it’s as big a crisis, or potential crisis, as during the oil shocks,” says Australian Industry Minister, Ian Macfarlane.
Natural Gas
2020 Scenario: OPEC May Be Replaced
It’s 2020, and the energy ministers of the Organization of Gas-Exporting Countries, known as OGEC, the umbrella for the dozen or so nations which dominate the market, gather in Madrid for their annual get-together to determine production quotas and price levels for the new primary energy source that fuels the global economy , natural gas, or more specifically, liquefied natural gas, known as LNG.
Russian oil and gas sector growth may stop in 2007
According to LUKoil Vice President Leonid Fedun, by 2007 the Russian oil and gas sector will stop rising.
Natural Gas Crisis
Forget about terrorists. Don’t give another thought to SARS. The single greatest threat to the U.S. right now comes from a critical shortage of natural gas.
Califonia: New power plant wins energy panel’s approval
State energy officials cleared the way for one of the largest new power plants to be built in California since electricity deregulation with approval Wednesday of a power plant near Tracy that will produce enough energy for 1,000 homes.
THE END OF CHEAP OIL
In 1973 and 1979 a pair of sudden price increases rudely awakened the industrial world to its dependence on cheap crude oil. Prices first tripled in response to an Arab embargo and then nearly doubled again when Iran dethroned its Shah, sending the major economies sputtering into recession. Many analysts warned that these crises proved that the world would soon run out of oil. Yet they were wrong.