News from October 2004

It’s the Crude, Dude: War, Big Oil, and the Fight for the Planet

Webcast of the October 27, 2004 launch of Linda McQuaig’s new book at St. Andrews-Wesley church in Vancouver

workingtv.com

Nigerian Strike to Target Oil Exports

LAGOS, Nigeria Oct 31, 2004 Ã¢Â€Â” Unions declared the top oil multinational here, Royal Dutch/Shell, “an enemy of the Nigerian people” on Sunday and called a Nov. 16 nationwide strike that they said would target oil exports in Africa’s oil giant. The threats in the world’s No. 7 oil exporter the source of one-fifth of [...]

Oil companies spend riches on investors

Oil companies spend riches on investors By Russell Gold and Chip Cummins The Wall Street Journal Posted on Sun, Oct. 31, 2004 With oil at nearly $51 a barrel, even after two consecutive days of declines, the oil giants have a problem lots of companies only dream about: What to do with all the cash? [...]

Future of oil supply is murky

‘Now you’re scaring me,” said John Krawiec of Beacon on being told of the peak-oil debate. He has been a local bottled gas distributor for many years. ”I’m at that age where it probably doesn’t make too much difference, but you worry about your kids and your grandkids.”

Poughkeepsie Journal

Oil may fuel ‘green’ prospects

Less than 3 percent of U.S. electricity comes from renewables such as wind, solar and geothermal, but that share is expected to increase as fossil-fuel prices rise.
For now, advocates are pleased that pocketbook concerns are generating renewed interest in green power.

AZCentral

Britain ‘is insulated from oil price rise

Britain now uses less oil then any other major economy and has substantial oil resources of its own, making it one of only two net exporters of oil in the G7, the world’s seven largest economic powers.

Telegraph

Opec chief expects oil to fall further

(Reuters) 30 October 2004 JAKARTA – Opec President Purnomo Yusgiantoro said yesterday that he expected global oil prices to fall further as crude stocks in the United States rose and supplies from the US Gulf of Mexico returned to normal. JAKARTA – Opec President Purnomo Yusgiantoro said yesterday that he expected global oil prices to [...]

It’s Time for an Alternative Fuel

The era of human development with oil and gas as energy source is nearing its end and in the next 30-40 years, there will be a ‘clean break’ to produce energy from renewable, non-fossil fuels, mostly from hydrogen. The rise in global temperature due to emission of green house gases will force man to seek [...]

U.S. Growth Crimped By Oil

GDP Ã¢Â€Â” the volume of all goods and services produced by the economy Ã¢Â€Â” rose to $10.9 trillion after adjusting for inflation.

Before inflation, GDP grew at a 5.1 percent annual pace to $11.8 trillion. The economy expanded 3.9 percent during the 12 months that ended in September.

NY Post

Mexico’s energy problem – Oil, politics a difficult mix

Mexico’s crude oil reserves have declined from 50.8 billion barrels in 1995 to 12.6 billion barrels in 2003, according to U.S. government figures. At its current production of about 3.4 million barrels per day, that’s about a 10-year supply.

EnergyBulletin.net