Good Articles- 6-29-08

'Shortage psychology' driving oil prices up, analyst saysPalm Beach Post - FL, United States... he said, which may help lower oil prices. "In our view, 2007 may wellhave been the top, the peak, in terms of US gasoline demand," he said. ...<http://www.palmbeachpost.com/business/content/business/epaper/2008/06/25/a7b_oilimpact_0626.html>

The challenges of peak oilHouston Chronicle - United StatesPart of the answer may be that we are approaching peak oil sooner than manypeople would have guessed. Peak oil refers to a key turning point whenglobal ...<http://www.chron.com/disp/story.mpl/editorial/outlook/5861525.html>


Expert dispels myths surrounding world oil woesUniontown Herald Standard - Uniontown,PA,USAKaufmann believes a peak in oil production will come in 2014 if there areless than a trillion barrels remaining to be pumped and the peak will comein 2035 ...<http://www.heraldstandard.com/site/news.cfm?newsid=19809839&BRD=2280&PAG=461&dept_id=468387&rfi=6>


End of cheap oil: Growing prices, demand raise uncomfortable questionsGreensboro News Record - Greensboro,NC,USAA growing number of energy experts, investors and concerned citizens worryabout the country’s lack of preparation for "peak oil," the point atwhich the ...<http://www.news-record.com/apps/pbcs.dll/article?AID=/20080629/NRSTAFF/774625994/-1/NEWS>

Stocks seen lower after Wall Street fallThe Age - Melbourne,Victoria,AustraliaAustralian stocks are expected to open modestly lower tomorrow after WallStreet fell on concerns that record oil prices and the seemingly endlesscredit ...<http://business.theage.com.au/stocks-seen-lower-after-wall-street-fall-20080629-2ys1.html>

Bears Maul the Market at MidyearWall Street Journal - USAOil prices have soared to a record $140.21-a-barrel close Friday, adding tothe difficulties consumers have been grappling with from an ongoing housing...<http://online.wsj.com/article/SB121468870489013597.html?mod=googlenews_wsj>

Recovery hopes dimChicago Tribune - United StatesBut problems such as rising oil prices, sagging home values anddisintegrating consumer confidence have intensified with a fury in recentweeks, ...<http://www.chicagotribune.com/business/chi-fri-wall-jun27,0,6176529.story>

BG Group's Chapman Says Oil Prices Are Too High to Be SustainedBloomberg - USABy Madelene Pearson June 29 (Bloomberg) -- BG Group Plc., the UK's third-largest oil and gas producer, said oil prices are too high to be sustained....<http://www.bloomberg.com/apps/news?pid=20601080&sid=a0Yyk7dACIBk&refer=asia>

The bright side of oil price inflationTelegraph.co.uk - United KingdomThe fact that so much money is available to invest points to the othercause for optimism: oil price inflation. To most people this is theAchilles heel of ...<http://www.telegraph.co.uk/opinion/main.jhtml?xml=/opinion/2008/06/29/do2906.xml>

Report: OPEC president sees oil at $170 this yearMarketWatch - USABy MarketWatch SAN FRANCISCO (MarketWatch) -- Oil prices will climb to $170a barrel this year because of increased demand, political tension anddecisions ...<http://www.marketwatch.com/news/story/opec-president-reportedly-sees-oil/story.aspx?guid=%7BC21A68F2-0A15-4ADB-BE6A-9A18B41642EF%7D&dist=msr_1>

OPEC Leader Khelil Says Dollar Will Drive Oil to $170 (Update1)Bloomberg - USA``Oil prices are expected to reach $170 as demand for fuel is growing inthe US during the summer period and the dollar continues to weaken againstthe euro ...<http://www.bloomberg.com/apps/news?pid=20601087&sid=aclKiYe3Osv4&refer=home>

`Oil industry needs to re-assert its leadership`Business Standard - Mumbai,Maharashtra,IndiaOil prices threaten to wipe out the economic gains made by developingcountries in recent years. The irrational escalation in oil prices is thecause of ...<http://www.business-standard.com/common/news_article.php?autono=327304&leftnm=4&subLeft=0&chkFlg=>

Climate Change Ideas for On Day One: A UN Dispatch-Grist ...UN Dispatch - USACap and trade establishes a low-carbon playing field that lets themcompete. You can get a sneak peek at some of those technologies in a seriesof short ...<http://www.undispatch.com/archives/2008/06/climate_change_10.php>