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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: energyplay who wrote (43330)	12/15/2003 4:59:19 AM
From: elmatador	Read Replies (2) \| Respond to of 74559

ep, how long the Saddam effect will last? The future of the administration is tightly coupled with the situation in Iraq. So Iraq will be the center of attentions and there will be more geo-political enhacements from time to time. Any Saddam blip on the market screen will be short lived. I asked Jay if there would have been a possibility of the markedt disregarding the arrest and according to him the psychological effect -those 98% created in the heads of peole out of a 2% of reality- will prevail. Delivering Saddam at the end of the campaign, before 1st of May, iot would have been a bigger effect. Today. after the damage has been done, my view is that the effect will vanish in a week.

To: energyplay who wrote (43330)	12/16/2003 8:32:54 PM
From: elmatador	Respond to of 74559

US oil imports 'to hit 70% of demand by 2025' By Demetri Sevastopulo in Washington Published: December 17 2003 0:59 \| Last Updated: December 17 2003 0:59 The US Energy Department on Tuesday said that US dependence on foreign oil would increase at a faster pace than the government had previously forecast. The latest estimates are unwelcome news for the Bush administration, which has prioritised reducing US reliance on foreign energy. Net oil imports are expected to rise to 70 per cent of total US petroleum demand by 2025, according to the department. The new Annual Energy Outlook 2004 report says the US is being forced to increase oil imports to accommodate growing demand amid declining domestic supply. In 2002, net imports of oil were 54 per cent. In Congress, Republicans have completed work on a comprehensive energy bill that the administration says would help alleviate the growing dependence on overseas energy. The House of Representatives passed the legislation last month but it has stalled in the Senate after several Republicans sided with the Democrats to block the bill from coming to a vote. According to the report, US energy demand would increase by an annual average of 1.5 per cent through to 2025. The report expects electric generation to rely increasingly on coal for fuel. By 2025 the share of coal in electric generation would have increased from the current 50 per cent to 54 per cent. The relatively low cost of fossil-fired generation is also expected to discourage the development of renewable technologies, the report says. At the same time the report says natural gas demand would decline while prices are expected to rise. Total US natural gas supply is expected to grow to 31,300bn cubic feet in 2025. Domestic production of natural gas is forecast to rise by over a quarter to 24,100bn cubic feet by 2025. The Energy Department projects that carbon dioxide emissions would increase by an annual 1.5 per cent to 2025, when they would reach more than 8bn tons. But carbon intensity, which measures emissions against economic growth, is expected to decline by 1.5 per cent in the same period. The administration has come under fire from environmental groups for not being more aggressive in tackling rising emissions of carbon dioxide, which many scientists think are partly to blame for rising temperatures worldwide.