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News from March 2005

Will gas prices hit retail stocks?

Will gas prices hit retail stocks? thumbnail

If you hold retail stocks, should you be concerned about the price of a gallon of gasoline? That’s the question many stock investors are asking themselves, but the answers are all over the map. Some say nothing short of $4 a gallon will stop consumers from spending, while others say $2.50 is the tipping point. […]


US Economy, Resilient to Oil Prices, Seen Exposed to Shock

US Economy, Resilient to Oil Prices, Seen Exposed to Shock thumbnail

Oil may yet deal a solid blow to U.S. economic growth. While the increasingly energy-efficient U.S. economy can likely weather current high prices, it has grown vulnerable to an oil shock – a sudden, sharp rise in the price of oil caused by a large-scale supply disruption. With production capacity constrained and threats to supply […]


Study highlights global decline

Study highlights global decline thumbnail

The most comprehensive survey ever into the state of the planet concludes that human activities threaten the Earth’s ability to sustain future generations. The report says the way society obtains its resources has caused irreversible changes that are degrading the natural processes that support life on Earth. This will compromise efforts to address hunger, poverty […]


2/3 of World resources used up

2/3 of World resources used up thumbnail

The human race is living beyond its means. A report backed by 1 360 scientists from 95 countries………The human race is living beyond its means. A report backed by 1 360 scientists from 95 countries — some of them world leaders in their fields — warns that the almost two-thirds of the natural machinery that […]


Controversial theory presented at Rotary

Controversial theory presented at Rotary thumbnail

Lancaster Online Oil expert discusses high prices Controversial theory presented at Rotary By Patrick Burns Intelligencer Journal Published: Mar 28, 2005 9:12 AM EST LANCASTER COUNTY, PA – A controversial oil industry expert speaking earlier this month at the Lancaster Rotary Club said the U.S. government is responsible for record-high gasoline prices. James R. Norman, […]


Forecasting the Availability and Diversity of Global Conventional Oil Supply

Forecasting the Availability and Diversity of Global Conventional Oil Supply thumbnail

By John Hallock On a matter as important as energy supply, it is crucial that policy-makers are paying attention when there is a potential for concern, and that they are asking the right questions. The most important question to ask now is, “how much longer can oil production increase and how quickly”. To address this, […]


Nippon Oil gasoline price to see largest monthly hike in 14 years

Nippon Oil gasoline price to see largest monthly hike in 14 years thumbnail

Japan Today (Kyodo) Nippon Oil Corp. announced Tuesday its largest wholesale price hike in 14 years for gasoline and other petroleum products for April due to sharp crude oil price increases. Japan’s biggest oil refiner-wholesaler said it will raise the wholesale price for April by 5.1 yen per liter from March, the largest hike since […]


Dont worry be happy

Dont worry be happy thumbnail

From our very good friends at The Counsel For Foreign Relations

The Overstretch Myth
David H. Levey and Stuart S. Brown
From Foreign Affairs, March/April 2005

Summary: The United States’ current account deficit and foreign debt are not dire threats to its global position, as would-be Cassandras warn. U.S. power is firmly grounded on economic superiority and financial stability that will not end soon.

David H. Levey recently retired after 19 years as Managing Director of Moody’s Sovereign Ratings Service. Stuart S. Brown is Professor of Economics and International Relations in the Moynihan Institute of Global Affairs at Syracuse University’s Maxwell School of Citizenship and Public Affairs.

Yahoo!


And the answer is… Biodiesel

And the answer is… Biodiesel thumbnail

Trade in your Prius and buy a VW! What’s better than hybrids and better than fuel cells? According to UNH researcher Michael Briggs, the answer is Biodiesel. Read his manifesto to find out why biodiesel is cheaper and more environmentally-friendly to produce, ready for large-scale production, and usable in existing automobiles. The results may surprise […]


The one minute charge

The one minute charge thumbnail

“Toshiba Corporation today announced a breakthrough in lithium-ion batteries that makes long recharge times a thing of the past. The company’s new battery can recharge 80% of a battery’s energy capacity in only one minute, approximately 60 times faster than the typical lithium-ion batteries in wide use today, and combines this fast recharge time with performance-boosting improvements in energy density.”

Link


Congo Wells Yield Little for Murphy Oil

Congo Wells Yield Little for Murphy Oil thumbnail

Murphy Oil Corp. of El Dorado said Tuesday that two exploration wells it drilled off the coast of the Congo in Africa failed to yield any significant amounts of hydrocarbons. “These two exploration wells were drilled back to back after our first well, Azurite Marine No. 1, which we previously announced as a significant oil […]


PO Could Cause Severe Disruptions, Says Article in ‘Issues in Science and Tech.

PO Could Cause Severe Disruptions, Says Article in ‘Issues in Science and Tech. thumbnail

DALLAS, March 29 /U.S. Newswire/ — The United States must act now to deal with peaking world oil production or face disruptions far greater that the 1973 oil embargo or the 1979 Iranian oil cutoff, according to an article in the spring issue of Issues in Science and Technology. Evidence that world oil production will […]


A Naked Energy Gap

A Naked Energy Gap thumbnail

The explosion of a BP oil refinery not far from Houston last week left at least 15 dead and over 100 wounded. It also served as the latest, vivid reminder of a truth we have for too long chosen to ignore: This nation is dangerously vulnerable to severe economic dislocation and possibly dire national-security threats […]


Even costlier oil would help U.S

Even costlier oil would help U.S thumbnail

The price of internationally traded oil rose to an all-time high recently, exceeding $57 a barrel before dropping slightly. The record price was bad news for the American consumer, for whom the price of gasoline has risen, with some brands in some places selling for more than $3 a gallon. It is bad news as […]


China to boost refining capacity by a third to handle booming energy demand

China to boost refining capacity by a third to handle booming energy demand thumbnail

China, whose booming economy is expected to see record demand for oil this year, plans to expand its refining capacity by more than a third within the next five years, state media said. By 2010, the country aims to add 100 million tonnes to its refining capacity, on top of its current nearly 300 million […]


Global resource wars: The Rosetta Stone

Global resource wars: The Rosetta Stone thumbnail

A slab of black basalt which now sits in the British Museum contains a decree honoring the Egyptian king, Ptolemy V Epiphanes. The decree was written in three languages: Greek, hieroglyphics, and demotic (a simplified form of hieroglyphics). The black slab is known as the Rosetta Stone and became the key to understanding hieroglyphics because […]


China puts focus on finding own oil resources

China puts focus on finding own oil resources thumbnail

China’s oil demand will expand by 10 percent this year, forcing it to device new strategies to rely more on its own resources and less on volatile world markets, an industry group said Tuesday. Oil consumption is forecast to reach 354 million tonnes in 2005, making it imperative to reduce the dependence on imports, the […]


US scatters bases to control Eurasia

US scatters bases to control Eurasia thumbnail

The United States is beefing up its military presence in Afghanistan, at the same time encircling Iran. Washington will set up nine new bases in Afghanistan in the provinces of Helmand, Herat, Nimrouz, Balkh, Khost and Paktia.


High oil prices to hit growth: FM

High oil prices to hit growth: FM thumbnail

Finance Minister P Chidambaram on Tuesday said that surging global oil prices may pull down India’s economic growth by 0.5 per cent but expected stable interest rates to spur investment. “We will be hurt in terms of growth. We think it (oil price rise) hurts growth by about 0.5 per cent a year,” Chidambaram, currently […]


Oil clouds gather over Alaskan eden

Oil clouds gather over Alaskan eden thumbnail

At this time of year the view from Kaktovik is snow-white in every direction, leaving little to distinguish the churned pack ice of the Beaufort Sea from the tundra of the Alaskan coastal plain. Even this village, the only human settlement in the 19m acres (7.7m hectares) of the arctic national wildlife refuge and one […]


Japan draws the line on energy

Japan draws the line on energy thumbnail

Midway between Okinawa and China, a Norwegian seismic ship is performing seemingly routine survey work this spring, trawling with long seismic cables and using sound waves to create three-dimensional images of oil and gas deposits. . But nothing is routine when Japan commissions a survey of what is hidden below the contested waters of the […]


With fuel prices taking off, U.S. airlines ground domestic flights

With fuel prices taking off, U.S. airlines ground domestic flights thumbnail

By Micheline Maynard The New York Times Big airlines have complained over the past few years that the industry was awash in seats. But despite deep financial losses, none wanted to reduce capacity, given the heavy demand for travel. Now, quickly rising fuel prices are forcing airlines to act, even though planes are as full […]


China’s 2005 Crude Demand May Rise 10%

China’s 2005 Crude Demand May Rise 10% thumbnail

China’s demand for crude this year is expected to rise 10% to 354 million metric tons, in line with the country’s growing demand for energy to fuel a fast-expanding economy, Xinhua News Agency reported Monday, citing a forecast by an industry official. But it will try to rely less on crude imports and will step […]


Pemex Finds Nine New Oilfields in 2004, Ups Gas Output

Pemex Finds Nine New Oilfields in 2004, Ups Gas Output thumbnail

Pemex said Monday that it found nine new oil fields and 18 natural-gas fields in 2004. Proven, probable and possible crude-oil reserves totaled 46.91 billion barrels, Pemex said. Of this total, 17.64 billion barrels were proven, 15.83 billion were probable and 13.42 billion were possible. Crude oil accounted for 71 percent of Pemex’s reserves, gas […]


Govt should listen to OPEC, say Newzealand Greens

Govt should listen to OPEC, say Newzealand Greens thumbnail

Scoop NZ Press Release: Green Party Energy Minister Trevor Mallard confirmed in the House today that he hadn’t heard the latest OPEC news when he claimed last week that Peak Oil is still thirty years away. OPEC producers said on 16 March that they are already pumping as fast as they can, with the Qatari […]


OPEC may hike production for 3Q

OPEC may hike production for 3Q thumbnail

Cartel chief says prices stable, spare capacity should be saved for strong end-of-year demand. OPEC does not need to increase oil production now but will need to raise supply by more than a million barrels per day (bpd) for the third quarter, the group’s president said Tuesday. “We have to be patient during this time […]


Asia bent on having own oil market despite warnings

Asia bent on having own oil market despite warnings thumbnail

Several Asian countries are pushing ahead with their long held objective of establishing a regional oil market for cheaper supplies, despite warnings such an initiative could backfire. If you look at both production and consumption, Asia feels shortchanged,” Debnath Shaw, an Indian diplomat, said Monday at a conference organized by the Center for Strategic and […]


Crude Oil Declines as Global Supply Gains Faster than Demand

Crude Oil Declines as Global Supply Gains Faster than Demand thumbnail

Crude oil futures in New York fell, extending last week’s decline from a record, on speculation of ample supplies when global consumption peaks in the third and fourth quarters. “The world already has a surplus of more than 2 million barrels a day,” Indonesian Oil Minister Purnomo Yusgiantoro, a former OPEC president, said today at […]


How Big is the Hybrid Car Market?

How Big is the Hybrid Car Market? thumbnail

Long-term customer demand for hybrids is difficult to predict. Estimates of annual U.S. hybrid sales in 2010 run from a conservative 535,000 by J.D. Power and Associates to 3.5 million in a Booz Allen Hamilton forecast.In 2004, the U.S. market totaled 16.9 million vehicles. J.D. Power’s forecast assumes a $4,000 premium for a hybrid vehicle. […]


The Confidence Game – Jim Puplava

The Confidence Game – Jim Puplava thumbnail

Alright, now that the Fed has gotten everyone’s attention what happens next? Will the Fed begin raising interest rates aggressively abandoning its slow and easy approach to raising interest rates, or is this blustering on part of the Fed? The markets have been caught off guard and are now reacting to what was obvious all […]


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