Coal 2023: analysis and forecast to 2026
Latest IEA market report sees lower demand to 2026, based on current policies, but stronger actions are needed to drive a steeper decline towards meeting international climate goals. After reaching an
Fuel Pricing
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Gas costs push commuters to park and pedal
More commuters are turning to bicycles today for national Bike-to-Work Day as gas prices continue to reach record highs. "It's going to be the biggest yet," says Bill Nesper of the League of American Bicyclists, which promotes May as national Bike Month. "Our phone is ringing off the hook. We're getting lots of calls from around the country. People are doing this because of gas prices." No one tracks exactly how many Americans participate annually, but Nesper says more than 84 cities are expected to take part this year with rallies and other events.
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Americans Leery of Bicycles Despite Gas Price Jump
It's US National Bike to Work Day on Friday and Americans are facing record high gasoline prices, but most commuters will stick to their cars. The combination of gas near $4 a gallon and the annual campaign to get people to pedal to work may prompt a few more people than usual to commute on two wheels. But the majority won't consider the bicycle as a regular means of transport because they simply have too far to go and feel nervous about riding on traffic-choked streets, bicycling advocates and dedicated motorists say.
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Oil Futures
Rationing oil cannot address the larger issue
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Centre to compensate oil marketing companies
Faced with surging crude oil prices in the international markets and massive under-recoveries being incurred by the oil marketing companies (OMCs), the government has decided to compensate them by issuing oil bonds to the extent of 50 per cent against incurring under-recoveries during 2007-08 on sale of petrol, diesel, kerosene and domestic LPG at subsidised prices.
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Please, this is not the '90s economy
T T RAM MOHAN AT THE beginning of the year, many commentators saw the turmoil in the international financial markets as posing a threat to the growth of the global economy as also the Indian economy. This threat has turned out to be smaller than the pessimists had contended. Growth in the US has slowed down appreciably but there is still no recession, defined as two quarters of negative growth. Growth in China and India has been showing signs of slowing down only slightly
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India's petro pricing policy causing adulteration: Energy watchdog
India's pricing policies for petroleum products
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Where are the reformers?
Why blame the petroleum minister for not hiking oil prices when no one else is arguing for market prices? Poor Ram Naik and Mani Shankar Aiyar! They got all the blame for messing up with oil prices and halting the reforms that had been initiated with the proposed dismantling of the administered pricing mechanism (APM) for oil products from April 2002.
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The oil nonbubble
Paul Krugman Princeton:
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Manmohan may call meet on oil bonds
With the under-recoveries on motor fuel "threatening to go out of control' and international crude prices showing no sign of receding, Prime Minister Manmohan Singh is likely to convene a meeting of the Petroleum and Natural Gas and Finance Ministries to sort out the "dispute' pertaining to issuance of enhanced oil bonds to bail out the oil marketing companies (OMCs) from incurring heavy losses that threaten to derail their expansion and investment plans.
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The oil bubble does not exist
The oil bubble: Set to burst?" That was the headline of an October 2004 article in National Review, which argued that oil prices, then $50 a barrel, would soon collapse. Ten months later, oil was selling for $70 a barrel. "It's a huge bubble," declared Steve Forbes, the publisher, who warned that the coming crash in oil prices would make the popping of the technology bubble "look like a picnic."