Here are my choices for the Top 10 energy related stories of 2009. Previously I listed how I voted in Platt’s Top 10 poll, but my list is a bit different from theirs. I have a couple of stories here that they didn’t list, and I combined some topics. And don’t get too hung up on the relative rankings. You can make arguments that some stories should be higher than others, but I gave less consideration of whether 6 should be ahead of 7 (for example) than just making sure the important stories were listed.
Posts Tagged ‘oil prices’
Top 10 Energy Stories of 2009
31 Dec 2009 at 22:39
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Alternative Energy, Carbon Emmssions, Energy, Oil and natural gas, Peak Oil, Technology, Transportation
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Oil prices hit high but report warns of supply crunch
The IEA figures showed there could be a gap of 7m barrels a day between supply and demand by 2015. That represents about 8% of the expected world demand by then of 91m barrels a day.
The IEA expects production from existing oilfields to fall by 50% between now and 2020 and warned the world needs to find an additional 64m barrels a day of capacity by 2030 – equivalent to six times current Saudi Arabian production.
Energy supply crunch brewing
Forget low oil prices. The worry of the moment is a spike in oil prices and how long it will take before a supply crunch sends prices soaring
Natural Gas as Answer to Oil Decline Could Lead to Catastrophe, Says Leading Expert
Ploughing resources into the use of natural gas as an alternative energy supply could lead to global shortage within 20 years time, according to a leading energy expert.
Don’t get used to cheap oil, analysts say
The same cheap oil that’s providing relief to drivers and businesses in an awful economy is setting the stage for another price spike, perhaps as soon as next year, that will bring back painful memories of last summer’s $4-a-gallon gas.
Falling oil prices hurting OPEC members
After throwing a wrench into Canada’s oil sands growth and messing up Alberta’s budget surplus, slumping oil prices are beginning to bite into the government budgets of many OPEC members, Tristone Capital Inc. said in a report.
Russia close to economic collapse as oil price falls, experts predict
Russia is now lurching towards a major economic crisis, experts predicted today, following news that the price of oil had slumped to under $50 a barrel
IEA: Global Oil Production Is Falling Faster Than Expected, FT Says
annual production is set to drop by 9.1 percent in the absence of additional investment, according to the draft of the agency’s World Energy Outlook
The New Oil Cycle
As of yesterday’s close on the New York Mercantile Exchange, the price of crude oil has fallen 50% from its July high-water mark. The membership of OPEC must be experiencing an uncomfortable sense of déjà vu, recalling a similar drop between August 1997 and December 1998…
