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Energy News Stories
Excerpts of Key Energy News Stories in Major Media


Below are key excerpts of revealing news articles on energy from reliable news media sources. If any link fails to function, a paywall blocks full access, or the article is no longer available, try these digital tools.

For further exploration, delve into our Energy Information Center.


Note: This comprehensive list of news stories is usually updated once a week. Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.


Exxon Mobil Posts Largest Annual Profit for U.S. Company
2006-01-30, New York Times
Posted: 2006-11-11 00:00:00
http://www.nytimes.com/2006/01/30/business/30cnd-exxon.html?ex=1296277200&en=...

Exxon Mobil, the nation's largest energy company, today reported a 27 percent surge in profits for the fourth quarter as elevated fuel prices gave rise to the most lucrative year ever for an American company. Exxon's profits are expected to generate new scrutiny of the company's operations in Washington, where legislators have recently expressed concern over Big Oil's good fortune as soaring oil and natural gas prices pressure consumers. Exxon said its profits climbed more than 40 percent last year, while its tax bill rose only 14 percent. Exxon's revenue last year allowed it to surpass Wal-Mart as the largest company in the United States. [The company's] revenue of $371 billion surpassed the gross domestic product of $245 billion for Indonesia, an OPEC member and the world's fourth most populous country with 242 million people.

Note: This article fails to mention the huge profits reaped by oil companies as a result of gas price gouging immediately after Katrina.


The Oil Sands Of Alberta
2006-01-22, CBS News
Posted: 2006-11-11 00:00:00
http://www.cbsnews.com/stories/2006/01/20/60minutes/main1225184.shtml

There’s an oil boom going on right now. Not in Saudi Arabia or Kuwait or any of those places, but...in Alberta, Canada. The oilmen up there are...digging up dirt -- dirt that is saturated with oil. They’re called oil sands, and if you’ve never heard of them then you’re in for a big surprise because the reserves are so vast in the province of Alberta that they will help solve America’s energy needs for the next century. Within a few years, the oil sands are likely to become more important to the United States than all the oil that comes to us from Saudi Arabia. There are 175 billion barrels of proven oil reserves here. That’s second to Saudi Arabia’s 260 billion but it’s only what companies can get with today’s technology. The estimate of how many more barrels of oil are buried deeper underground is staggering. "We know there’s much, much more there. The total estimates could be two trillion or even higher," says Clive Mather, Shell's Canada chief. "This is a very, very big resource." Very big? That’s eight times the amount of reserves in Saudi Arabia.

Note: For those who fear oil shortages and an energy crisis, here's yet another example of huge, untapped energy reserves. For many other, cleaner options, see http://www.WantToKnow.info/newenergyinformation


Beam weapons almost ready for battle
2006-01-11, MSNBC
Posted: 2006-11-11 00:00:00
http://msnbc.msn.com/id/10805240/

LOS ALAMOS, N.M. - There is a new breed of weaponry fast approaching. They are labeled "directed-energy weapons," and they may well signal a revolution in military hardware -- perhaps more so than the atomic bomb. Directed-energy weapons take the form of lasers, high-powered microwaves and particle beams. Their adoption for ground, air, sea, and space warfare depends not only on using the electromagnetic spectrum, but also upon favorable political and budgetary wavelengths too. After more than two decades of research, the United States is on the verge of deploying a new generation of weapons that discharge beams of energy, such as the Airborne Laser and the Active Denial System, as well as the Tactical High Energy Laser, or THEL. Then there’s Active Denial Technology -- a non-lethal way to use millimeter-wave electromagnetic energy to stop, deter and turn back an advancing adversary. This technology, supported by the U.S. Marines, uses a beam of millimeter waves to heat a foe’s skin, causing severe pain without damage, and making the adversary flee the scene. By tuning the resonance of a laser onto Earth’s ionosphere, you can create audible frequencies. Like some boom box in the sky, the laser-produced voice could bellow from above down to the target below: "Put down your weapons."


Quantum Trickery: Testing Einstein's Strangest Theory
2005-12-27, New York Times
Posted: 2006-11-11 00:00:00
http://www.nytimes.com/2005/12/27/science/27eins.html?ex=1293339600&en=caf5d8...

The idea that measuring the properties of one particle could instantaneously change the properties of another one (or a whole bunch) far away is strange to say the least. The team that pulled off the beryllium feat...hailed it as another step toward computers that would use quantum magic to perform calculations. But it also served as another demonstration of how weird the world really is according to the rules, known as quantum mechanics. Nary a week goes by that does not bring news of another feat of quantum trickery once only dreamed of in thought experiments: particles (or at least all their properties) being teleported across the room in a microscopic version of Star Trek beaming; electrical "cat" currents that circle a loop in opposite directions at the same time; more and more particles farther and farther apart bound together in Einstein's spooky embrace now known as "entanglement." At the University of California, Santa Barbara, researchers are planning an experiment in which a small mirror will be in two places at once. Anton Zeilinger of the University of Vienna said that he thought, "The world is not as real as we think.

Note: Consider also that top secret projects are generally at least 10 years in advance of anything reported in the news or scientific magazines. We can only imagine what these projects might be doing.


NASA engineer chasing dream to harness energy from ocean waves
2005-12-06, Houston Chronicle/Orlando Sentinel
Posted: 2006-11-11 00:00:00
http://www.chron.com/disp/story.mpl/space/3507969.html

The son of [a] rocket scientist thinks he is close to perfecting...a machine that might make cheap, clean electricity from the ocean. "I believe it'll change the world," said second-generation inventor Tom Woodbridge, a NASA engineer. In theory, the idea is simple. Spinning copper wires through a stable magnetic field makes electricity — lots of electrons jumping off the magnetic field and zooming through a conductive metal. And since the ocean waves are already moving, why not cobble together a machine to harness that energy? Think Pogo Stick inside a floating drum. The rocking motion of the waves pushes a long cylinder of magnets up and down a copper coil. His small model generates 10 watts of power in a 6-inch wave chop. A full-scale version could generate 160 kilowatts. That one buoy is enough to power 160 houses, following the rule of thumb that the average U.S. home uses about 1,000 kilowatts of electricity each month.

Note: The Houston Chronicle actually cut off part of the original article, including the last three sentences above. To read the entire article, click here. For lots more on new energy inventions, see click here.


Fuel's paradise? Power source that turns physics on its head
2005-11-04, The Guardian (One of the UK's leading newspapers)
Posted: 2006-11-11 00:00:00
http://www.guardian.co.uk/science/story/0,3605,1627424,00.html

It seems too good to be true: a new source of near-limitless power that costs virtually nothing, uses tiny amounts of water as its fuel and produces next to no waste. Randell Mills, a Harvard University medic who also studied electrical engineering at Massachusetts Institute of Technology, claims to have built a prototype power source that generates up to 1,000 times more heat than conventional fuel. Independent scientists claim to have verified the experiments and Dr Mills says that his company, Blacklight Power, has tens of millions of dollars in investment lined up to bring the idea to market. What has much of the physics world up in arms is Dr Mills's claim that he has produced a new form of hydrogen, the simplest of all the atoms, with just a single proton circled by one electron. In his "hydrino", the electron sits a little closer to the proton than normal, and the formation of the new atoms from traditional hydrogen releases huge amounts of energy. According to Dr Mills, there can be only one explanation: quantum mechanics must be wrong. "We've done a lot of testing. We've got 50 independent validation reports, we've got 65 peer-reviewed journal articles," he said. "We ran into this theoretical resistance and there are some vested interests here.

Note: Hundreds of respected scientists, including a genius friend of ours with 12 patents to his name, have developed devices which produce energy for a very low price, only to have their inventions either bought and shelved or destroyed systematically by those with vested interests. Our friend's $7 million company was taken over by vested oil interests after first both his home and office were ransacked and than a bullet-hole was put through his office window. For lots more on this, see our New Energy Information Center.


Exxon Mobil Posts New Record for Profit
2005-10-27, ABC/Associated Press
Posted: 2006-11-11 00:00:00
http://abcnews.go.com/Business/wireStory?id=1255549

Exxon Mobil Corp. had a quarter for the record books. The world's largest publicly traded oil company said Thursday high oil and natural-gas prices helped its third-quarter profit surge almost 75 percent to $9.92 billion, the largest quarterly profit for a U.S. company ever, and it was the first to ring up more than $100 billion in quarterly sales. The hurricanes slashed Exxon Mobil's U.S. production volumes by 50,000 barrels of oil equivalent per day, down nearly 5 percent year-over-year, costing the company $45 million before taxes. The company said total daily production slipped to 2.45 million barrels of oil equivalent from 2.51 million barrels.

Note: Isn't it amazing that though oil production fell, and though we all are paying much higher gas prices, Exxon Mobil earned the largest profits ever in the same quarter as Hurricane Katrina? Wouldn't it be nice if during a national catastrophe the oil companies were willing to drop their prices and suffer a little with the rest of us?


UCLA Engineers Pioneer Affordable Alternative Energy Resource
2005-10-10, UCLA News/ABC News
Posted: 2006-11-11 00:00:00
http://www.newsroom.ucla.edu/page.asp?RelNum=6518

Solar Energy Cells Made of Everyday Plastic. In research published today in Nature Materials magazine, [several researchers] showcase their work on an innovative new plastic (or polymer) solar cell they hope eventually can be produced at a mere 10 percent to 20 percent of the current cost of traditional cells, making the technology more widely available. The price for quality traditional solar modules typically is around three to four times more expensive than fossil fuel. Independent tests on the UCLA solar cell already have received high marks. The nation's only authoritative certification organization for solar technology, the National Renewable Energy Laboratory (NREL), located in Golden, Colo., has helped the UCLA team ensure the accuracy of their efficiency numbers. The plastic solar cell is still a few years away from being available to consumers, but the UCLA team is working diligently to get it to market.

Note: Why is it that ABC was the only one of the mainstream media to pick up this important article, and even ABC's report appears to belittle the development as much as it gives an optimistic outlook. And why isn't the government pouring funding into this most worthy project?


Forecaster leaves job to pursue weather theories
2005-09-23, Idaho State Journal
Posted: 2006-11-11 00:00:00
http://www.journalnet.com/articles/2005/09/23/news/local/news05.txt

Scott Stevens is...the face of the weather at KPVI News Channel 6. The Pocatello native made his final Channel 6 forecast Thursday night, leaving a job he's held for nine years in order to pursue his weather theories on a full-time basis. Since Katrina, Stevens has been in newspapers across the country. On Wednesday, Stevens was interviewed by Fox News firebrand Bill O'Reilly. Stevens said he received 30 requests to do radio interviews on Thursday alone. Although the theories espoused by Stevens - scalar weapons, global dimming - are definitely on the scientific fringe today, there are thousands of Web sites that mention such phenomena. "The Soviets boasted of their geoengineering capabilities; these impressive accomplishments must be taken at face value simply because we are observing weather events that simply have never occurred before, never!" Stevens wrote on his Web site. To learn more about Stevens and his thoughts on manipulated weather, check out his Web site at www.weatherwars.info, or go to www.journalnet.com/articles/2005/03/06/opinion/opinion04.txt.


Cold-war device used to cause Katrina?
2005-09-20, USA Today/Associated Press
Posted: 2006-11-11 00:00:00
http://www.usatoday.com/weather/climate/2005-09-20-wacky-weatherman_x.htm

An Idaho weatherman says Japan's Yakuza mafia used a Russian-made electromagnetic generator to cause Hurricane Katrina in a bid to avenge itself for the Hiroshima atom bomb attack. Meteorologist Scott Stevens, a nine-year veteran of KPVI-TV in Pocatello, said he was struggling to forecast weather patterns starting in 1998 when he discovered the theory on the Internet. It's now detailed on Stevens' website, www.weatherwars.info. Stevens...says a little-known oversight in physical laws makes it possible to create and control storms -- especially if you're armed with the Cold War-era weapon said to have been made by the Russians in 1976. Stevens' bosses at KPVI-TV say their employee can think and say what he wants as long as he keeps the station out of the debate and acknowledges that his views are his own opinion. Bill Fouch, KPVI's general manager, said. "He's very knowledgeable about weather, and he's very popular."

Note: Former U.S. Secretary of Defense William S. Cohen in a 1997 news briefing stated: "Others are engaging even in an eco-type of terrorism whereby they can alter the climate, set off earthquakes, volcanoes remotely through the use of electromagnetic waves." To verify this quote on the U.S. Department of Defense website, click here. If terrorist organizations have the capability to set off earthquakes and other major natural disasters, do you think huge military research laboratories might have some of the same capabilities? For more, click here and here.


Magnetic energy? Perhaps
2005-09-07, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2006-11-11 00:00:00
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/09/07/BUG9NEJD3L1.DTL

Goldes, 73, is chief executive of a small company called Magnetic Power Inc., which has spent years researching ways to, yes, generate power using magnets. Within a few months, he says, he might just have a breakthrough to report that could revolutionize where people get fuel. "All we know is that we're seeing more energy output than input. Does Goldes realize what's he's saying -- that he's perhaps discovered a clean, inexhaustible energy source? "That's exactly what it appears to be," he answered. What Goldes believes he's done is produce power from what physicists call zero-point energy. In simple terms, zero-point energy results from the infinitesimal motion of molecules even when seemingly at rest. Normally, I dismiss such pie-in-the-sky pronouncements. But Goldes isn't so easy to shrug off. That's because he's also come up with technology called the UltraConductor. The research was funded in part by the Department of Defense, which invested $600,000 in the project. A handful of other companies worldwide are believed also to be pursuing zero-point energy via magnetic systems. One of them, InterStellar Technologies, is run by a former scientist at NASA's Jet Propulsion Laboratory in Pasadena. According to Aviation Week & Space Technology magazine, the Pentagon and at least two large aerospace companies are actively researching zero-point energy as a means of propulsion.


Senate must look at tougher mileage rules
2005-09-06, Reuters
Posted: 2006-11-11 00:00:00
http://today.reuters.com/news/newsArticle.aspx?type=scienceNews&storyID=2005-...

Faced with a record-high national gasoline price of $3.07 per gallon, a senior Republican senator said on Tuesday it was time for lawmakers to take another look at imposing stricter mileage standards on mini-vans and other vehicles. Most Republicans and the White House oppose significantly higher mileage requirements because of the potential impact on U.S. automakers and passenger safety. On Tuesday, the U.S. government reported that the average U.S. weekly retail gasoline price rocketed to $3.07 cents per gallon, up nearly 46 cents from last week, because of Katrina's damage to refineries and pipelines. In June, the Senate voted to reject a Democratic amendment to the energy bill to require better mileage for new gas-guzzling sport utility and other vehicles. Illinois Sen. Dick Durbin had proposed that the standards be revised to boost the fuel economy of passenger cars to 40 miles per gallon (mpg) by 2016, and sport utility vehicles to 27.5 mpg. The proposal was defeated.

Note: Why did no major media pick up on this crucial story from one of the most watched news services in the world? Why, with all of the talk about getting off of our dependence on oil, wouldn't lawmakers want our cars to get better car mileage? For possible answers, click here.


Military examines 'beaming up' data, people
2005-08-29, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2006-11-11 00:00:00
http://www.sfgate.com/cgi-bin/article.cgi?file=/c/a/2005/08/29/MNGA0EENPC1.DTL

The military has a long history of funding research into topics that seem straight out of science fiction, even occultism. These range from "psychic" spying to "antimatter"-propelled aircraft and rockets to strange new types of superbombs. In recent years, many physicists have become excited about a phenomenon called "quantum teleportation," which works only with infinitesimally tiny particles. Davis, who has a doctorate in astrophysics from the University of Arizona, has worked on NASA robotic missions. His 79-page Air Force study seriously explored a series of possibilities, ranging from "Star Trek"-style travel to transportation via so-called wormholes in the fabric of space to psychic travel through solid walls. Davis expressed great enthusiasm for research allegedly conducted by Chinese scientists who, he says, have conducted "psychic" experiments in which humans used mental powers to teleport matter through solid walls. He claims their research shows "gifted children were able to cause the apparent teleportation of small objects" (radio micro-transmitters, photosensitive paper, mechanical watches, horseflies, other insects, etc.). If the Chinese experiments are valid and could be repeated by American scientists, Davis told The Chronicle in a phone interview Thursday, then, in principle, the military might some day develop a way to teleport soldiers and weapons.


Maxing Your Mileage
2005-08-16, Fox News Chicago
Posted: 2006-11-11 00:00:00
http://www.foxchicago.com/_ezpost/data/23255.shtml

Denny Klein has just patented his process of converting H2O to HHO, producing a gas that combines the atomic power of hydrogen with the chemical stability of water. "It turns right back to water; in fact, you can see the H2O running off the sheet metal." Klein originally designed his water-burning engine for cutting metal. He thought his invention could replace acetylene in welding factories. "No other gas will do this." Then one day as he drove to his laboratory, he thought of another way to burn his HHO gas. "On a 100-mile trip, we use about four ounces of water." Klein says his prototype 1994 Ford Escort can travel exclusively on water -- though he currently has it rigged to run as a water and gasoline hybrid. "Simply speaking, our plan is to end our dependence on fossil fuels." Pete Domeneci is helping Klein take his hydrogen technology patents from a two-room office to consumer markets around the world. The duo is already in negotiations with one U.S. automaker and the U.S. government. Members of Congress recently invited Denny Klein to Washington to demonstrate his technology and his company is currently developing a Hummer for the U.S. military that can run on both water and gasoline. So far, his water-powered engines have passed all performance safety inspections.

Note: Why didn't this get major media coverage? To see the amazing three-minute Fox News report, click here. To visit the website describing this invention, click here.


Energy-beam weapons still missing from action
2005-08-12, MSNBC/Associated Press
Posted: 2006-11-11 00:00:00
http://msnbc.msn.com/id/8516353

For years, the U.S. military has explored a new kind of firepower that is instantaneous, precise and virtually inexhaustible: beams of electromagnetic energy. "Directed-energy" pulses can be throttled up or down depending on the situation, much like the phasers on "Star Trek" could be set to kill or merely stun. Such weapons are now nearing fruition. The hallmark of all directed-energy weapons is that the target -- whether a human or a mechanical object -- has no chance to avoid the shot because it moves at the speed of light. At some frequencies, it can penetrate walls. "When you're dealing with people whose full intent is to die, you can't give people a choice of whether to comply," said George Gibbs, a systems engineer for the Marine Expeditionary Rifle Squad Program who oversees directed-energy projects. "What I'm looking for is a way to shoot everybody, and they're all OK." Among the simplest forms are inexpensive, handheld lasers that fill people's field of vision, inducing a temporary blindness to ensure they stop at a checkpoint, for example. Some of these already are used in Iraq. A separate branch of directed-energy research involves bigger, badder beams: lasers that could obliterate targets tens of miles away from ships or planes. Such a strike would be so surgical that, as some designers put it at a recent conference here, the military could plausibly deny responsibility. The directed-energy component in the project is the Active Denial System, developed by Air Force researchers and built by Raytheon Co. It produces a millimeter-wavelength burst of energy that penetrates 1/64 of an inch into a person's skin, agitating water molecules to produce heat. The sensation is certain to get people to halt whatever they are doing.


Solar Challenge Finishes in Calgary
2005-07-28, Detroit News/CBS/Open Source Energy Network
Posted: 2006-11-11 00:00:00
http://pesn.com/2005/07/28/9600141_Solar_Challenge_results/

U of Michigan takes prize, finishing the 2500-mile course in 54 hours. Fourteen of the twenty entrants completed the race. The last to cross the finish line (Kansas State U) came in 12.5 hours after the winner. The ten-day solar car race from Austin to Calgary came to a successful finish yesterday. The University of Michigan's Momentum placed first, completing a few seconds under 54 hours. They also set a record by averaging 46.2 mph in this, the world's longest solar car race. The University of Minnesota's Borealis III came in second, trailing by 12 minutes. MIT's Tesseract came in third. Canada's leading team, the University of Waterloo, came in fifth with their Midnight Sun. Fourteen cars went all the way to the finish line, with the last to cross being Kansas State University's Paragon on its maiden race, at 87.5 hours, a little over 12 hours after the winner.

Note: A solar powered car averaged 46.2 mph in over a 2,500 mile course! Why isn't this making mainstream news headlines? I invite you to do a Google news search on "Solar Challenge" (the annual solar car race). You will find that almost no major media cover this event at all. The few who do somehow fail to mention anything about the speeds attained by these cars. Why is the media not covering these incredible breakthroughs?


E.P.A. Holds Back Report on Car Fuel Efficiency
2005-07-28, New York Times
Posted: 2006-11-11 00:00:00
http://www.nytimes.com/2005/07/28/business/28fuel.html?ex=1280203200&en=da4fa...

With Congress poised for a final vote on the energy bill, the Environmental Protection Agency made an 11th-hour decision Tuesday to delay the planned release of an annual report on fuel economy. But a copy of the report, embargoed for publication Wednesday, was sent to The New York Times by a member of the E.P.A. communications staff just minutes before the decision was made to delay it until next week. The contents of the report show that loopholes in American fuel economy regulations have allowed automakers to produce cars and trucks that are significantly less fuel-efficient, on average, than they were in the late 1980's. The average 2004 model car or truck got 20.8 miles per gallon, about 6 percent less than the 22.1 m.p.g. of the average new vehicle sold in the late 1980's, according to the report. Releasing the report this week would have been inopportune for the Bush administration, its critics said, because it would have come on the eve of a final vote in Congress on energy legislation six years in the making. The bill, as it stands, largely ignores auto mileage regulations.

Note: For more, see our New Energy Information Center.


1908 Ford Model T: 25 MPG, 2004 EPA Average All Cars: 21 MPG
2005-07-11, Detroit News/Newsweek/More
Posted: 2006-11-11 00:00:00
http://www.WantToKnow.info/050711carmileageaveragempg

"Consumers and regulators are putting more pressure on the auto industry to enhance fuel economy, which was stagnant at an average 20.8 miles per gallon among all 2004 models and below the 1988 high of 22.1 mpg."  -- Detroit News, 4/11/05

"The Prius is the first significant departure from the combustion engine to make any major inroads in the auto industry since Henry Ford invented the Model T in 1908."  -- Newsweek, 9/20/04

"Ford's Model T, which went 25 miles on a gallon of gasoline, was more fuel efficient than the current Ford Explorer sport-utility vehicle -- which manages just 16 miles per gallon."
  -- Detroit News, 6/4/03


Genius inventors for the past 100 years have made remarkable discoveries of new, more efficient energy sources, only to find their inventions either suppressed or not given the attention and funding needed to break us free of our dependence on archaic oil-based technologies. Read this article for more reliable information on this vital topic.


Nanotechnology could turn rooftops into a sea of power-generating stations
2005-07-11, San Francisco Chronicle (San Francisco's leading newspaper)
Posted: 2006-11-11 00:00:00
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/07/11/BUG7IDL1AF1.DTL

Both inventors and investors are betting that flexible sheets of tiny solar cells used to harness the sun's strength will ultimately provide a cheaper, more efficient source of energy than the current smorgasbord of alternative and fossil fuels. Nanosys and Nanosolar in Palo Alto -- along with Konarka in Lowell, Mass. -- say their research will result in thin rolls of highly efficient light-collecting plastics spread across rooftops or built into building materials. These rolls, the companies say, will be able to provide energy for prices as low as the electricity currently provided by utilities, which averages $1 per watt. The companies also say that the printed rolls of solar cells would be lighter, more resilient and flexible than silicon photovoltaics. Solar energy could furnish much of the nation's electricity if available residential and commercial rooftops were fully utilized. According to the Energy Foundation, using available rooftop space could provide 710,000 megawatts across the United States, whose current electrical capacity is 950,000 megawatts. Atluru of Draper Fisher Jurvetson [explains] "Our view is that government can cause big problems, and it is the entrepreneurs who will make the big changes." Current cost of solar energy, per watt: $4-$5. Average cost of energy from traditional fossil fuel sources, per watt: $1. Estimated cost of energy from nanotech solar panels, per watt: $2. Total energy-generating capacity of the United States: 950,000 megawatts. Potential total rooftop solar energy capacity in the United States: 710, 000 megawatts.


Saudis warn of shortfalls as oil hits $61
2005-07-06, Financial Times
Posted: 2006-11-11 00:00:00
http://news.ft.com/cms/s/e0cdc282-ee47-11d9-98e5-00000e2511c8.html

Oil prices hit new record highs above $61 a barrel on Thursday, driven by short-term supply fears as the first hurricane of the season threatened crude production and refinery operations in the Gulf of Mexico. But private warnings also point to a worsening long-term outlook, with Saudi officials saying that the Organisation of the Petroleum Exporting Countries will be unable to meet projected western demand in 10 to 15 years. Senior Saudi energy officials have privately warned US and European counterparts that Opec would have an “extremely difficult time” meeting that demand. Saudi Arabia calculates there is a 4.5m b/d gap between what the world needs and what the kingdom can provide.


Important Note: Explore our full index to revealing excerpts of key major media news stories on several dozen engaging topics. And don't miss amazing excerpts from 20 of the most revealing news articles ever published.

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