Sufficient

The world is not running out of energy resources, but it’s unlikely that traditional oil and natural gas resources will be sufficient to meet the growing global demand for energy through 2030, the National Petroleum Council (NPC) says in a draft report.

Heat levels forecast for Wednesday are rising by sufficient amounts in enough areas to produce rising prices at most points Tuesday. July futures continued to buck the trend by dropping another 6.3 cents Tuesday.

As a trader had predicted, Monday’s 18.1-cent gain by May futures proved sufficient to boost nearly all of the cash market by double digits Tuesday. Physical gas got some extra support from weather fundamentals with colder temperatures returning to the Midwest and Northeast.

The Department of Energy’s (DOE) current level of research and development (R&D) funding and the nation’s energy policies are not sufficient to deploy advanced energy technologies over the next 25 years, an official with the Government Accountability Office (GAO) told a House Appropriations subcommittee last Wednesday.

The Department of Energy’s (DOE) current level of research and development (R&D) funding and the nation’s energy policies are not sufficient to deploy advanced energy technologies over the next 25 years, an official with the Government Accountability Office (GAO) told a House Appropriations subcommittee Wednesday.

The Minerals Management Service’s (MMS) increasing reliance on compliance reviews to assess whether oil and natural gas producers are paying the federal government sufficient royalties is problematic, according to the department’s Office of Inspector General (OIG).

The Minerals Management Service’s (MMS) increasing reliance on compliance reviews to assess whether oil and natural gas producers are paying the federal government sufficient royalties is problematic, according to the department’s Office of Inspector General (OIG).

North America’s natural gas supplies are enough to keep it self sufficient — but not in the long run. By 2030, North America will emerge as a major liquefied natural gas (LNG) importer, according to the International Energy Agency (IEA), which last week released its 2006 World Energy Outlook (WEO). By 2030, LNG imports will meet 16% of total gas needs worldwide, and North America is expected to become the largest importer in the next 25 years.

North America’s natural gas supplies are enough to keep it self sufficient — but not in the long run. By 2030, North America will emerge as a major liquefied natural gas (LNG) importer, according to the International Energy Agency (IEA), which has released its 2006 World Energy Outlook (WEO). By 2030, LNG imports will meet 16% of total gas needs worldwide, and North America is expected to become the largest importer in the next 25 years.