News from April 2004

The Greatest Story Never Told?

This report, which was written for oil industry insiders and cost a whopping $32,000 per copy, predicted that global oil production will peak around the year 2000 and decline to 25% by 2025.

Daily Headlines

Bush or Kerry, it’ll be status quo on oil

Oil is increasingly spoken of as being in short supply, which only guarantees the pivotal position of Saudi Arabia

Business Times Asia

Truckers protest jams freeways

LOS ANGELES (AP) – Truckers parked their rigs on a busy freeway Friday, snarling rush-hour traffic for miles in a wildcat protest over high diesel prices.Truckers protest jams freeways By Associated Press LOS ANGELES (AP) – Truckers parked their rigs on a busy freeway Friday, snarling rush-hour traffic for miles in a wildcat protest over [...]

Is Saudi Arabia Still the King of the Oil?

Credible sources have suggested that Saudi Arabia can barely maintain its current output of around 8.5 million barrels a day, and that when it does increase output, it is only briefly and mainly by means of using its strategic reserve

Alternet

WORLD FOOD PRICES RISING

The last time stocks were this low, in 1972-74, wheat and rice prices doubled.

Earth Policy

Insatiable China Will Import Gas More and More

China’s demand for natural gas is expected to rise about 12 percent a year for the next 15 years, outstripping proven reserves, and reaching around 1 trillion barrels by 2020.

Neftegaz.ru

Shareholder Concern for Climate Change Triples in One Year

Renewables are the fastest growing segment of the global energy market. The World Energy Council reports that the global market for renewable energy is likely to be in the range of US$234-265 billion by 2010 and US$1.9 trillion by 2020.

Yahoo -AP

EPA: Diesel Pipeline Spills 1M Gallons

A broken pipeline has spilled as much as 1 million gallons of diesel fuel into Suisun Bay, which feeds into San Francisco Bay.

ABC News

NYC Must Address the Need for Natural Gas

Dr. Matthew C. Cordaro, director of the Center for Management Analysis:
“Where there was once a glut of natural gas, the country now is moving to a point where it will require additional supplies to meet demand.”

Business Wire

Oil security: A top priority for China

In 2003, China produced some 169 million tons of crude oil (up 1.5 percent year-on-year) and 34 billion cubic meters of natural gas (up 6.8 percent).

Meanwhile in that same year, crude oil imports were 91 million tons (up 31.3 percent). Imports accounted for 36.1 percent of national consumption that reached 252 million tons (up 10.2 percent). Total oil consumption was 274 million tons (up 11.5 percent).

China View