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Energy Net

Saudi Arabia To Hold Meeting On Soaring Oil Prices - Business on The Huffington Post - 0 views

www.huffingtonpost.com/...bia-to-hold-meet_n_106088.html

energy energy.news oil peakoil saudi-arabia

shared by Energy Net on 09 Jun 08 - Cached
  • Energy Net on 09 Jun 08
     
    RIYADH, Saudi Arabia - Saudi Arabia will call for a summit between oil producing countries and consumer states to discuss soaring energy prices, Information and Culture Minister Iyad Madani said Monday.
Energy Net

Top World Oil Producers, Exporters, Consumers, and Importers, 2006 - Infoplease.com - 0 views

www.infoplease.com/...A0922041.html

energy energy.news global oil peakoil

shared by Energy Net on 14 Jun 08 - Cached
  • 1 Total oil production  Exporters2 Net oilexports  Consumers3 Total oilconsumption  Importers4 Net oilimports  1. Saudi Arabia 10.72  1. Saudi Arabia 8.65  1. United States 20.59  1. United States 12.22  2. Russia 9.67  2. Russia 6.57  2. China 7.27  2. Japan 5.10  3. United States 8.37  3. Norway 2.54  3. Japan 5.22  3. China 3.44  4. Iran 4.12  4. Iran 2.52  4. Russia 3.10  4. Germany 2.48  5. Mexico 3.71  5. United Arab Emirates 2.52  5. Germany 2.63  5. South Korea 2.15  6. China 3.84  6. Venezuela 2.20  6. India 2.53  6. France 1.89  7. Canada 3.23  7. Kuwait 2.15  7. Canada 2.22  7. India 1.69  8. United Arab Emirates 2.94  8. Nigeria 2.15  8. Brazil 2.12  8. Italy 1.56  9. Venezuela 2.81  9. Algeria 1.85  9. South Korea 2.12  9. Spain 1.56 10. Norway 2.79 10. Mexico 1.68 10. Saudi Arabia 2.07 10. Taiwan 0.94 11. Kuwait 2.67 11. Libya 1.52 11. Mexico 2.03     12. Nigeria 2.44 12. Iraq 1.43  12. France  1.97     13. Brazil 2.16 13. Angola 1.36  13. United Kingdom  1.82     14. Iraq 2.01 14. Kazakhstan 1.11  14. Italy  1.71     NOTE: OPEC members in italics.
  • Energy Net on 14 Jun 08
     
    This is an important reference for anyone wanting to look at the number that are driving the current energy crisis.
Energy Net

The Oil Drum | Saudis announce oil production increases...again...and again...and again... - 0 views

www.theoildrum.com/4202

energy energy.news oil peakoil

shared by Energy Net on 24 Jun 08 - Cached
  • Energy Net on 24 Jun 08
     
    Saudi Arabia confirmed it would pump *9.7m barrels a day* next month, an increase of 200,000 and the highest level in nearly 30 years, as it repeated its standard offer of extra barrels if customers demanded them.
Energy Net

The Oil Drum | What should OPEC do? - 0 views

www.theoildrum.com/4857

energy energy.news oil

shared by Energy Net on 13 Dec 08 - Cached
  • Energy Net on 13 Dec 08
     
    When OPEC meet on 17th December, how will they go about deciding the size of the inevitable production cuts? All OPEC states want the oil price to rise from current $44 / bbl (WTI). Some states will also be concerned that the price target is affordable by their OECD customers. But set against a backdrop of global economic turmoil and volatility in all markets, how do they judge the size of the production cut required to deliver the target price? Saudi Arabia is reported to favor a price of $75 / bbl, just short of the cost of new marginal supply in the OECD. Achieving this price in the medium term would keep OPEC in the driving seat. This short post is intended to be a discussion thread. Below the fold, I outline one radical idea for OPEC to achieve their goal in the short term.
Energy Net

guardian.co.uk: Energy chiefs debate the cost of energy - 0 views

www.guardian.co.uk/...8333819

energy energy.news policy economics

shared by Energy Net on 30 Jan 09 - Cached
  • Energy Net on 30 Jan 09
     
    Energy leaders at the World Economic Forum debated the true cost of fuel on Thursday as they grappled with the implications of world recession and how to navigate out of it. Record-high oil prices close to $150 a barrel in July last year added to the pain of economic slowdown, and now much cheaper prices of near $40 a barrel could help the global economy to rally. But for consumers, producers and the planet, oil at that level could be too cheap as it slows investment in new supplies of fossil fuel as well as in alternative energy. Saudi Arabia, the world's leading oil exporter, said late last year $75 was a fair price for crude -- at the top end of the $60-$80 a barrel many in the industry consider a desirable level. "That seems to be what you need to get investment," BP Chief Executive Tony Hayward on Thursday told the forum in Davos, with reference to the $60-$80 range.
Energy Net

U.S. Dependence on Foreign Oil, by Country - 0 views

middleeast.about.com/...me070905e.htm

energy energy.news oil

shared by Energy Net on 16 Nov 08 - Cached
  • Energy Net on 16 Nov 08
     
    It's a common misconception: The United States imports most of its foreign oil from the Middle East. Not quite. Not even close. As the table below indicates, dependence on oil from the Persian Gulf represents barely 10 percent of total domestic oil consumption, and most of that oil comes from Saudi Arabia and Iraq.
Energy Net

Credit crunch risks world oil supply - Telegraph - 0 views

www.telegraph.co.uk/...ch-risks-world-oil-supply.html

energy energy.news oil

shared by Energy Net on 15 Nov 08 - Cached
  • Energy Net on 15 Nov 08
     
    "Even if oil demand was to remain flat to 2030, 45m bpd of gross capacity - roughly four times the current capacity of Saudi Arabia - would need to be built by 2030 just to offset the effect of oilfield decline", according to Nobuo Tanaka, executive director of the IEA, speaking at a news conference in London. Oil reached a record peak of more than $147 a barrel in July, but has fallen back below $60, a drop of more than 50pc. Given the high cost of bringing on new output and the struggle to match supplies with demand, the IEA has assumed consumers will pay an average of $100 a barrel for oil over the next seven years and more beyond that. "Current trends in energy supply and consumption are patently unsustainable - environmentally, economically and socially - they can and must be altered," said Mr Tanaka. * o Text Size o click here to increase the text size o click here to decrease the text size * Email this article * Print this article * Share this article o delicious o Digg o Facebook o Fark o Google o Newsvine o NowPublic o Reddit o StumbleUpon http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/3448385/Credit-crunch-risks-world-oil-supply.html Related Content * More on Oil and Gas More on ... Oil and Gas Get feed updates Finance Get feed updates Energy Get feed updates telegraph tools Switch Utilities Save on fuel bills Search the market for the best prices on gas and electricity. Telegraph Utilities Comparison Service Advertisement telegraph financial partners Investment solutions * Investor services * Portfolio management * Investing for income guide * Inheritance tax advice * Reader guides Finance most viewed * TODAY * PAST WEEK * PAST MONTH 1. Row breaks out at easyJet 2. Abandon all hope once you enter deflation 3. B
Energy Net

Nine Percent | Post Carbon Institute: - 0 views

postcarbon.org/nine_percent

energy energy.news oil peakoil

shared by Energy Net on 31 Oct 08 - Cached
  • Energy Net on 31 Oct 08
     
    The Financial Times has leaked the results of the International Energy Agency's long-awaited study of the depletion profiles of the world's 400 largest oilfields, indicating that, "Without extra investment to raise production, the natural annual rate of output decline is 9.1 per cent." This is a stunning figure. Considering regular crude oil only, this means that 6.825 million barrels a day of new production capacity must come on line each year just to keep up with the aggregate natural decline rate in existing oilfields. That's a new Saudi Arabia every 18 months.
Energy Net

Think Progress » Friedman on 'drill, drill, drill': It's like someone chantin... - 0 views

thinkprogress.org/...friedman-drill-drill

energy energy.news oil policy

shared by Energy Net on 12 Sep 08 - Cached
  • Energy Net on 12 Sep 08
     
    On NBC's Meet The Press this morning, New York Times columnist Thomas Friedman criticized the chanting of "drill, drill, drill" and "drill, baby, drill" at the Republican National Convention last week, saying that's just what Saudi Arabia, Russia, Venezuela and Nigeria want to hear Americans focusing on. "They'd be up there leading the chant. They would be saying, 'this is great, America isn't sitting there saying, invent, invent, invent new renewable energy,'" said Friedman. Friedman added that he isn't opposed to offshore drilling, but we shouldn't be "making that the center focus":
Energy Net

DOE - Fact Sheet: U.S.-Canada Partnership Key to North American Energy Security - 0 views

www.energy.gov/6686.htm

energy energy.news

shared by Energy Net on 24 Oct 08 - Cached
  • Energy Net on 24 Oct 08
     
    # The United States purchases more oil, natural gas, uranium and electricity from Canada than any other country. # Canada's proven oil reserves total 179 billion barrels, of which 173 billion barrels are in oil sands reserves, making Canada second only to Saudi Arabia in global oil reserves. # 99% of Canada's crude oil exports are to U.S. markets. # Energy flows in both directions between the United States and Canada. Our pipeline and transmission systems are highly integrated and our cross-border trade operates nearly seamlessly.
Energy Net

ABC: The end of the petroleum age: Richard Heinberg - 0 views

www.abc.net.au/...s2280200.htm

energy energy.news oil peakoil

shared by Energy Net on 23 Jun 08 - Cached
  • Energy Net on 23 Jun 08
     
    KERRY O'BRIEN, PRESENTER: Tonight, oil was again in the headlines across the globe. The world's main oil producers and consumers will meet in Jeddah, Saudi Arabia on Sunday for a summit of home truths, we hope, about whether anything substantial can really be done to force the price of oil down, not just for a few weeks or months, but beyond. And the truth seems to be: no, it can't. Australia's Energy Minister Martin Ferguson will be there, he says, to push for increased production. But there's serious doubt about OPEC's (Organisation of the Petroleum Exporting Countries) capacity to sustain a meaningful boost.
Energy Net

6 Myths About Oil Speculators: Financial News - Yahoo! Finance - 0 views

biz.yahoo.com/...ths_about_oil_speculators.html

energy energy.news oil peakoil

shared by Energy Net on 29 Jun 08 - Cached
  • Energy Net on 29 Jun 08
     
    So now we know who's really responsible for $4 gas. Finger-pointers from Washington, the International Monetary Fund, and even Saudi Arabia no longer seem to buy the idea that the demand for oil around the world is simply growing faster than the supply, driving prices to record highs close to $140 per barrel. There must be a more nefarious reason, it seems. So now entering this drama is a villain everybody can hate: The Evil Speculator.
Energy Net

Econbrowser: Peak oil in America - 0 views

www.econbrowser.com/...peak_oil_in_ame.html

2007: and economics oil peak

shared by Energy Net on 22 May 08 - Cached
  • Energy Net on 22 May 08
     
    The following is an article I prepared for the Peak Oil Review, which is produced by the Association for the Study of Peak Oil and Gas. The United States was blessed with abundant reserves of crude petroleum, high quality and easily taken from the ground. Up until 1973, we were the world's biggest producer of crude oil, and even today remain the third biggest, ranking behind only Russia and Saudi Arabia.
Energy Net

Peak Oil: Association for the Study of Peak Oil & Gas - USA - Ignoring the Elephant in ... - 0 views

www.aspo-usa.com/index.php

energy energy.news oil

shared by Energy Net on 22 May 08 - Cached
  • Energy Net on 22 May 08
     
    The disconnect between peak oil concerns and the presidential race is almost total. As prices at the pump rise, each candidate is now talking about their so-called solutions to the problem. Despite clear new warning signs from Russia, Saudi Arabia, Mexico, and Nigeria that peak oil is nigh, the candidates remain unwaveringly oblivious to the true causes of rising fuel prices, preferring instead to dwell on irrelevant-actually, counterproductive-measures like suspending the federal gas tax during the summer months or taxing Big Oil. This is akin to putting a band-aid on a melanoma.
Energy Net

Canada's Oil Reserves 2nd Only To Saudi Arabia - 0 views

www.rense.com/...petrol.htm

energy energy.news oil

shared by Energy Net on 11 Jul 08 - Cached
  • Energy Net on 11 Jul 08
     
    The U.S. government said Thursday Canada holds the world's second-largest oil reserves, taking into account Alberta oil sands previously considered too expensive to develop.
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