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Toyota President: We're Fast Approaching Peak Oil
13 hours ago ago from BACKWOODS SURVIVAL BLOG
LINK: http://www.cnbc.com/id/15840232?video=1205545683 Yet another admission of the truth of Peak Oil Theory, though it seems awfully convenient to me that folks like this never seem to want to admit there is a problem until they think it might actually help them sell a new product. As far as hydrogen fuel cell cars being available within a few years, I am personally dubious and I still don't see how it will ever be possible for them to ...
Related contentDrumbeat: December 9, 2009
23 hours ago ago from The Oil Drum - Discussions about Energy and Our Future
Iraqi oil power may shake Iran more than Saudi BAGHDAD/DUBAI (Reuters) - The geopolitical power balance in the Middle East faces upheaval if Iraq succeeds in tripling oil output, and fellow Shi'ite power Iran will feel more threatened than rival Sunni oil giant Saudi Arabia. Iraq's potential leap into the ranks of the top three global oil producers could result in a strengthened Shi'ite Muslim front within OPEC if Baghdad aligns supply ...
Related contentGas prices
8 hours ago ago from Country 94 News
No change at the pumps this morning in gas prices after the weekly setting. The maximum price for self serve regular is 100.4 a litre, which is a drop of two cents but most gas stations in Saint John are still selling it for 99.5. The maximum price for diesel rose from 104.9 to 105.8 a litre. As of early this morning, there had been no change with diesel still at 103.2. There has been a slight increase in the maximum price of furnace oil from ...
Related contentThe Gas Cartel Czar
7 hours ago ago from Official Russia
So the big news in energy politics today is that the Gas Exporting Countries Forum (GECF) has appointed a secretary general for the first time. Guess what?? He's Russian, and is employed at a company indirectly owned by Gennady Timchenko , and is close to Putin. I wonder what will happen from here just to recap, most analysts say that the gas OPEC is a ruse, in that the nature of natural gas distribution (via regional networks) doesn't ...
Related contentQatar Amir calls for gas and oil price alignment
5 hours ago ago from Syrian Oil and Gaz News
The Amir of Qatar, Shaikh Hamad bin Khalifa al-Thani, on Wednesday called for the alignment of gas prices with oil prices at the opening of a forum of gas exporting countries. “The increase experienced by the oil price this year has not been followed by an improvement in gas prices, and we hope that this will only be temporary,” the emir told the Gas Exporting Countries Forum. “It is necessary to work to ...
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Oil prices up as crude in storage falls
21 hours ago ago from Good News Now
NEW YORK -Oil prices climbed above $73 a barrel Wednesday, tugged higher mostly by a rising stock market and a falling dollar. Benchmark crude for January delivery added 67 cents to $73.29 on the New York Mercantile Exchange. In London, Brent crude for January delivery rose a penny to $75.20 on the ICE Futures exchange. The government also released a` mixed report on U.S. fuel supplies. The Energy Information Administration said U.S. crude ...
Related contentQatari emir wants gas prices tied to oil
23 hours ago ago from FanHouse
DOHA, Qatar -Qatar's ruler urged natural gas producers on Wednesday to work toward linking gas prices with those of oil, voicing worries that crude's rally this year has not been mirrored in gas markets. Sheikh Hamad bin Khalifa Al Thani's comments came at the start of the one day meeting of the Gas Exporting Countries Forum a group of 11 nations dubbed by some as the Gas OPEC whose members include gas heavyweights like Qatar, Iran and ...
Related contentEnergen Increases 2010 Earnings Guidance Range by 20 Cents
18 hours ago ago from Good News Now
The Board of Directors of Energen Corporation (NYSE: EGN) today approved the energy company’s 2010 budget, which supports calendar-year earnings within a range of $4.20−$4.60 per diluted share. This reflects an increase of 20 cents per diluted share in the company’s earnings guidance initiated in October; the increase largely is due to subsequent oil, gas and natural gas liquids (NGL) hedging, lower depreciation rates and reduced income ...
Related contentCommodities extend declines even as dollar falls
16 hours ago ago from Good News Now
NEW YORK -A sell-off in commodities continued Wednesday, sending oil, gold and other metals falling even as the dollar weakened. Oil prices fell for a sixth straight day, while gold extended its decline to a fourth day, dropping 2 percent to its lowest level in nearly a month. After rallying for much of this year, commodities prices have slumped since the beginning of December as investors shift out of risky assets and into safe havens like ...
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