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May 31, 2004
Phantom
reserves
Globe and Mail: No one is looking for those missing barrels
-- because they likely never existed, according to the securities
officials who have rewritten the rule book for the half-art, half-science
of estimating reserves of oil and natural gas deep underground...
May 31, 2004
China
becoming major coal exporter
AFP: Since it improved the quality of coke coming from its
coal mines, China is now in a dominant market position, leaving
European steel makers in a predicament...
May
26, 2004
OPEC
decision eases oil prices
Reuters: Oil traders doubted whether the rise in production
would be enough to tame soaring crude prices ahead of the peak driving
season in the US...
May 24, 2004
OPEC delays decision on proposal to boost production
Bloomberg: At a meeting in Amsterdam yesterday, the organization's
members delayed a decision until their official meeting in Beirut
on June 3. Venezuela opposes raising the output ceiling and Iran,
OPEC's second-largest producer after Saudi Arabia, expressed concern
that prices might drop later in the year...
May 23, 2004
May 17,
2004
Oil
price out of OPEC's reach
AFP: Despite an expected production
increase later this week, OPEC may not be able to pump enough oil
to bring down prices that have been skyrocketing due to instability
in the Middle East and increased world demand...
May 15, 2004
May 14,2004
OPEC
seeking to avoid 1973 repeat
AP: OPEC is concerned that soaring
oil prices could slow global growth, but believes current 13-year
highs are largely out of its control, the group's president, Purnomo
Yusgiantoro, said yesterday...
May 12, 2004
China
to raise electric rates
AFP: China said yesterday that
it plans to allow the country's two power grid firms to raise electricity
prices for the second time this year to help fund billions of yuan
to upgrade the networks...
May 11,
2004
Chinese
Petroleum mulls month's end oil price hike
Taipei Times: The state-run
Chinese Petroleum Corp (Taiwan) said yesterday that it does not
rule out the possibility of hiking oil prices at the end of the
month if world oil prices keep on surging, an official said yesterday...
May 10, 2004
Oil
refiners seeing profits rise
Globe and Mail: (Canada) An unprecedented flood of hundreds
of consumer complaints in the past two weeks about the soaring cost
of gasoline has sparked a Competition Bureau probe into whether
the oil industry is conspiring to fix pump prices...
May 10, 2004
May 10, 2004
Oil
Drops $1 on Saudi Calls for Supply
Reuters: World oil prices fell from their 13-year peaks of
$40 a barrel on Monday as leading world exporter Saudi Arabia said
OPEC should raise supply to stop high prices hurting world economic
growth...
May 9, 2004
Gasoline
prices expected to rise
AP: With the peak summer driving season just around the corner,
the price of oil climbed to US$40 a barrel on Friday and analysts
said US motorists should brace for more expensive gasoline in the
days ahead...
May 6, 2004
OPEC's
shocking oil reserve boondoggle
Canadian Energy Viewpoint: Campbell is also far from sanguine
about the current state of world oil reserves. He provides significant
evidence that oil reserves are being grossly overstated by OPEC...
May 5, 2004
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May 26, 2004
Oil
Money And A Smart Energy Policy Don't Mix
NY Times: Vacationers all across America are coming face
to face with the highest average gas prices in history - up 42 cents
a gallon since 2001 - and a bad case of "pump panic"...
May 26, 2004
Oil
market casts shadow over G7 talks
AFP: Finance ministers yesterday tried to find ways
of dealing with a possible global oil shock as consumers were faced
with record gasoline prices...
May 26, 2004
May 23, 2004
Maverick
Texas oilman set to buy Enron's gas assets
NY Times: Oscar Wyatt, the Texas oilman known for his dealings
with Moammar Gadhafi and Saddam Hussein, is back in the energy business.
Wyatt and a group of investors agreed to buy Enron's natural gas
pipelines in North America for US$2.2 billion...
May 18, 2004
New
pact to pipe Kazakh oil to China
China Daily: CNPC and Kazakstan's State-owned KazMunaiGaz
will jointly invest in the construction of a 1,240-kilometre-long
pipeline from Atasu in northwestern Kazakstan to the border of China's
Xinjiang Uygur Autonomous Region...
May 18, 2004
Skyrocketing
oil prices have Tony Blair over a barrel
Guardian: Air fares are up. Petrol prices are up. The leaders
of the 2000 fuel protest in the UK have been making minatory noises.
None of this was in the script a year ago, when US President George
W. Bush was boasting of final victory in Gulf War 2...
May 12, 2004
Flyers
to pick up higher oil costs
Guardian: The cost of air travel is to increase with carriers
slapping a surcharge on tickets in an attempt to counter the impact
of a huge rise in fuel prices...
May 11, 2004
May 10, 2004
Shifting
the energy paradigm
Economic Perspectives: Energy-market players can achieve
their goals by creating a new playing field that allows the market
to work: a network of operating rules and guidelines that lets countries,
industries and technologies compete...
May 10, 2004
May 8, 2004
Fuel
costs lead to fare hike
Agencies: American Airlines said on Thursday it would
raise fares by US$4 per round trip within the US to help offset
the rising cost of jet fuel. American, the largest US carrier, said
the increase was effective immediately...
May 8, 2004
EU
angry over coke limits
Agencies: The EU is considering taking China to the WTO for
the first time over its refusal to scrap export restrictions on
coke...
May 5, 2004
Fears
raised over higher price of oil
NY Times: Higher oil prices have hurt the global economy
and could further hamper growth, bolster inflation and increase
unemployment over the next two years if prices stay at their current
levels, according to a study by the International Energy Agency
released on Monday...
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May 31, 2004
Hybrids
selling well as gasoline prices soar
AFP: As US petrol prices soar to record levels, motorists
are fuelling environmentalists' dreams by scrambling to trade in
their gas-guzzling four-wheel drives for hybrid or hydrogen-powered
vehicles...
May 26, 2004
Paid
as you burn
Guardian: Good Energy's scheme is designed to reward home
owners and businesses who have taken the step of installing their
own renewable generators by paying for all power produced...
May 10, 2004
Evolution
of a hydrogen revolution
Guardian: Tomorrow BP will try to kick-start a faltering
hydrogen revolution in Britain when it makes a last-ditch attempt
to win planning permission for the first refuelling station of its
kind in Europe, at Hornchurch, Essex...
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