News from March 2005

CO2 rise forces energy rethink

Carbon dioxide emissions are rising rapidly in the UK, forcing the government to consider a range of new measures to keep its pledge to combat climate change. Figures from the Department of Trade and Industry yesterday show that rather than falling as planned, carbon dioxide emissions have risen rapidly – by 2.2% in 2003 and [...]

Kazakhstan buys 8.3% stake in its Kashagan oilfield Oil Field

Kazakhstan bought a stake in the countryÃ¢Â€Â™s Kashagan oil field, the second-largest in the world after Saudi ArabiaÃ¢Â€Â™s Ghawar deposit, as the nation seeks to control the project.

financialexpress.com

Wall Street horrified over peak oil and renames it ‘Super Spike

NEW YORK, March 31 (Reuters) – If oil were to hit $105 per barrel, as suggested by a leading broker, it would spread ruin through the stock market and could spell disaster for everything from airlines to retailers to mining companies, analysts said on Thursday. RPT-Oil super-spike could sink stocks, economy-analysts Thu Mar 31, 2005 [...]

ASPO April Newsletter

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Oil Rises, Gasoline Surges to a Record as Fuel Supplies Decline

March 31 (Bloomberg) — Crude oil rose and gasoline and heating-oil surged to records on signs that U.S. refineries lack capacity to make enough fuel and Goldman Sachs Group Inc. analysts predicted that oil could touch $105 a barrel. “Concern is growing that there will barely be enough fuel to meet growing global demand,” said [...]

analysts raise specter of draft

With Iraq tying up manpower, two analysts raise specter of draft

By Bob Dart

COX NEWS SERVICE

WASHINGTON – If American forces aren’t pulling out of Iraq in a year, a draft will be needed to meet manpower requirements, military analysts warned yesterday.

The state of the world? It is on the brink of disaster

Planet Earth stands on the cusp of disaster and people should no longer take it for granted that their children and grandchildren will survive in the environmentally degraded world of the 21st century. This is not the doom-laden talk of green activists but the considered opinion of 1,300 leading scientists from 95 countries who will [...]

Hydrogen bomb

It’s here! The energy miracle of the millennium, an amazing technological advance that will transform the way we live and the way the world works. When there is no more oil and all the gas is gone, we will get our power from press releases issued by government, oil companies and carmakers — the Press [...]

Gas costs change lifestyles

Today’s gas prices may not be wrecking the economy or even prompting dramatic changes in driving habits. But public transit agencies in Chicago, Columbus, Denver, Jacksonville, Miami and New York all report increases in ridership and say gas prices may be part of the reason. A Gallup Poll taken this month also found that concerns [...]

Goldman Sachs: Oil Could Spike to $105

Reuters via MSN Moneycentral LONDON (Reuters) – Oil markets have entered a “super-spike” period that could see 1970’s-style price surges as high as $105 a barrel, investment bank Goldman Sachs said in a research report. Goldman’s Global Investment Research note also raised the bank’s 2005 and 2006 New York Mercantile Exchange crude price forecasts to [...]