Don’t Worry, Be Happy – EIA AEO 2011 December 29, 2010
Posted by benisuryadi in 01 - Daily Short.add a comment
As yesterday I said about Keep Your Eyes ON on Oil Price (keep going up from $91/BBL as per today), today I found a very interesting article from The Oil Drum (TOD) about EIA Annual Energy Outlook.
While every body keep awake on end year holiday, EIA said Don’t worry be happy on 2011. They said we no longer have to worry about energy supply or prices. Cheap energy will characterize the world for most of the next decade, according to the report. Oil will not reach $100 per barrel until 2017 and natural gas will remain below $5 per thousand cubic feet (mcf) until 2022.(1)
Did they say not reach $100? So, around $91 is already the highest point for the next 5-6 years ahead?
Like I said before, keep your eyes on it. Because although EIA Outlook told the different story, Wall Street is getting nervous already. As oil prices continue to creep up and as more evidence accumulates that the age of ever-growing energy production and economic growth is coming to an end, a specter is haunting the great investment banks and brokerage houses of New York.
Don’t worry be happy but keep your eyes On. 
Keep Your Eyes on Oil Price December 28, 2010
Posted by benisuryadi in 01 - Daily Short.Tags: IEA, Info, OPEC
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“The message is clear, the price will go up, especially if consuming countries do not make changes in the way they consume oil, especially in the transport sector,” the IEA‘s chief economist, Fatih Birol told Reuters in an interview.
Oil prices will exceed $200 (144 euro) a barrel by 2035, and will likely stay over $100 a barrel after 2015, the report said. On Tuesday the price of oil stood at roughly $87 a barrel.(1)
In fact, no need to wait 2035 nor 2015, a recent run of cold weather across Europe and the U.S. is driving oil prices higher on anticipation of rising demand.
Crude oil for February delivery last traded at $91.18 on the New York Mercantile Exchange, up from an opening price of $90.79 but down from a session high of $91.34.
A massive blizzard that struck the east coast on Monday brought travel to a halt.(2)
But, Iran’s OPEC governor Mohammad Ali Khatibi said on Sunday that the oil market was stable and the crude prices could reach $100 per barrel, the Oil Ministry’s website SHANA reported. “In the opinion of the experts there is no need for an emergency OPEC meet under stable oil market conditions,” Khatibi said.(3)
So, keep watching.
Anyway, I just installed the Chrome Extensions, Market Watcher (Energy). Market Watcher (Energy) allows for looking at the values of crude oil, gasoline, heating oil, natural gas, and propane gas at a glance via the icon, mouse over tooltip, and popup. This information provided by http://finance.yahoo.com/futures, but now you don’t have to go to that page. Just click (as showed on the picture below), and the information is yours. Try it!
Related Articles
- Iran says market oil balanced and prices likely to increase (reuters.com)
- Oil stays above $91 as OPEC signals no output hike (seattletimes.nwsource.com)
- OPEC Oil Ministers Bless $100 Oil (247wallst.com)
- Oil on the way to $100 a barrel? (seattletimes.nwsource.com)
ASEAN/APEC Joint Workshop on Energy Statistics December 27, 2010
Posted by benisuryadi in 01 - Daily Short, Activity, Y2010.Tags: ACE, APEC, ASEAN, IEEJ, Presentation, Workshop
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The APEC/ASEAN Joint Workshop on Energy Statistics was held in Bangkok, Thailand on 08-12 November 2010. This was the second joint workshop on energy statistics between APEC and ASEAN.
Participants from ASEAN member states and APEC economies namely Cambodia, China, Hong Kong China, Indonesia, Japan, Lao PDR, Malaysia, Peru, the Philippines, Russian Federation, South Korea, Thailand and Vietnam attended the joint workshop. Experts from the Institute of Energy Economics, Japan (IEEJ), International Energy Agency (IEA) and International Energy Forum Secretariat (IEFS) were the speakers during the workshop. Staff and expert from the ASEAN Centre for Energy (ACE) also participated in the workshop.
The covered topic: all energy statistics, which are JODI, the monthly gas data (JODI Gas), quarterly data, annual data and energy consumption data.
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Energy Training Week – IEA December 24, 2010
Posted by benisuryadi in 01 - Daily Short, Activity, Y2011.Tags: IEA, Info, Training
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I just got the information by today that the IEA is pleased to announce that it is opening its doors for a week of free* training on energy specifically aimed at professionals in developing countries and emerging economies. Its called Energy Training Week and will be held on 4-8 April 2011 in IEA Headquarters, Paris, France.
There are five course available, which are:
1. Energy Essentials for Decision Makers (with a special focus on natural gas)
2. Oil and Gas Market Security (with a special focus on natural gas)
3. Energy Efficiency and Low Carbon Policy (focus on climate sustainability)
4. Low Carbon Technology Policy and Planning (focus on technology deployment roadmaps)
5. Energy Analysis and Modelling (focus on methods and tools)
Over the course of five intensive days, participants will take part in a mixture of highly focussed lectures and hands-on exercises, thereby becoming familiar with the theory behind and the application of the IEA’s internationally recognised models and tools. All courses will be highly interactive, allowing participants to engage directly with IEA experts and to exchange knowledge and experience with peers from many other countries. The event will also offer many opportunities for informal networking.
Check the detail information on IEA’s site here and download your registration form here.
As my work goes with course 4 and 5 but we can only attend one course at the time, so I decide to apply for course 4. I think I need this more in the way to start my job on IEA-ASEAN team to develop ASEAN Energy Technology Roadmap.
*Anyway, free only means for attendance charge. You still have to cover your own travel and accomodations costs by your own.
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- Objectivity of the International Energy Agency (theoildrum.com)
- The IEA’s new peak (energybulletin.net)
