Oil shortage? Sources charge U.S. influence inflates world’s supply
Filed under: Energy, Economy, People
Will the world soon run out of oil or are we swimming in the stuff? That debate just got a little murkier following a report in the Guardian newspaper that figures detailing how much oil the world has on tap have been distorted in deference to the United States. The report quotes a current employee and a former staffer at the International Energy Agency, an intergovernmental group that coordinates measures during oil-supply emergencies, among other tasks.
Despite forecasts that call for production to steadily rise by 2030, the world will likely instead see output decline, the U.K.-based newspaper reports, quoting an anonymous whistleblower at the IEA. The senior official claims the U.S. has been influential in encouraging the watchdog agency to play down the rate of decline from existing oil fields while over emphasizing the chances of finding new reserves, the Guardian said.
Continue reading Oil shortage? Sources charge U.S. influence inflates world’s supply
Oil shortage? Sources charge U.S. influence inflates world’s supply originally appeared on DailyFinance on Tue, 10 Nov 2009 19:00:00 EST. Please see our terms for use of feeds.
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Oil shortage? Sources charge U.S. influence inflates world’s supply
Tags: america, crudeprices, down-the-rate, energy, entry, little-murkier, naturalgas, oil-production-, oprahwinfreyshow, will-the-world
Ma Bell’s wake-up call: Deals among Net calling firms may sap big telcos’ revenue
Nov 10, 2009 Object
Filed under: Google , Research In Motion, Apple, AT&T, Verizon
Phones are ringing off the hook at businesses that facilitate making calls over the Internet. With the apparent resolution of the spinout of Net calls pioneer Skype several days ago has come frenzied dealmaking in the VoIP — short for voice over Internet protocol — space.
First, Google bought startup Gizmo5. Now, as TechCrunch reports, there is a bidding war ongoing for JahJah, a Skype-like service that offered low-cost calling to tens of millions of users of Yahoo’s (YHOO) instant messenger service. Numbers thrown around for the deal are a whopping $200 million to $400 million, a significant sum in the current environment.
Continue reading Ma Bell’s wake-up call: Deals among Net calling firms may sap big telcos’ revenue
Ma Bell’s wake-up call: Deals among Net calling firms may sap big telcos’ revenue originally appeared on DailyFinance on Tue, 10 Nov 2009 18:45:00 EST. Please see our terms for use of feeds.
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Ma Bell’s wake-up call: Deals among Net calling firms may sap big telcos’ revenue
Tags: apple, bought-startup, energy, google, naturalgas, skype, voip, wake-up-call
The coming natural gas boom is not all it’s ‘fracced’ up to be
Nov 8, 2009 Object
Filed under: Energy
Please pardon my poor punning, and let me explain: “Fraccing” (rhymes with “cracking”) is the oil and natural gas industry’s an informal contraction for the technology called hydraulic fracturing, in which water (and in some cases, a chemical mixture) is pumped deep underground to fracture shale and rock and thus free up trapped oil and gas deposits.
The financial media has been buzzing with stories proclaiming a new era for America’s natural gas industry as new fraccing technology has enabled the tapping of vast dispersed fields in the Eastern U.S. and the “oil patch” states of Oklahoma and Texas. These advances have caused analysts to raise their estimates of America’s natural gas reserves to an astounding 1.8 trillion cubic feet, the equivalent of about 320 billion barrels of oil — far more than Saudi Arabia’s proven reserves of around 260 billion barrels of oil.
Continue reading The coming natural gas boom is not all it’s ‘fracced’ up to be
The coming natural gas boom is not all it’s ‘fracced’ up to be originally appeared on DailyFinance on Sun, 08 Nov 2009 15:30:00 EST. Please see our terms for use of feeds.
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The coming natural gas boom is not all it’s ‘fracced’ up to be
Tags: america, coming-natural, eastern, equivalent, fracturingfluids, hydraulicfracturing, naturalgas, petroleum engineers, technology, texas-these
Goldman: Get ready for another commodity bull run
Aug 8, 2009 Object
Filed under: Energy, Investing
The whipsaw action in commodities during the last month makes gyrations in the stock market look tame. The autumn meltdown created such a risk-averse environment that traders dumped positions across asset classes, including energy and metals. Crude oil prices, for example, declined 75 percent from their peak, only to double off the bottom in December, and a similar story can be said about copper, an important industrial metal. The fate of natural gas has been worse for producers — a 75 percent decline, but with no accompanying bounce.
Goldman Sachs (GS) believes there’s opportunity in this situation, accord to FT Alphaville. As credit markets seized and commodities prices declined, the incentives and ability for major commodity producers to make long-term investments evaporated as well, leaving the same fundamental supply shortages that led to the prior commodities bull market in place for another sustained rally.
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Goldman: Get ready for another commodity bull run originally appeared on DailyFinance on Sat, 08 Aug 2009 11:00:00 EST. Please see our terms for use of feeds.
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Goldman: Get ready for another commodity bull run
Tags: commodity, copper, double-off-the, during-the-last, entry, makes-gyrations, naturalgas, oil, oilprices, percent-decline, shipping, situation, the-incentives
