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Oil Report Lowers Price of Nymex Contracts

Crude oil's recent price below $97 a barrel continued Wednesday as the Energy Department announced increased inventories for the week ending May 4.

The bellwether energy price had opened the week below $97 after weeks after weeks of lingering above the $100 level. disappointing US jobs report and Greece and France elected candidates who campaigned against austerity measures.

But the DOE report that crude oil stocks had climbed 3.7 million barrels to 379.5 million continued to put downward price.

Stock markets were generally off around the globe as the weekend drew to an end, indicating investor apprehension about economic growth.

Meanwhile, gasoline prices continue to ease from their 2012 highs, with AAA reporting an average price of $3.75 for a gallon of regular.


Oil - Stories, Links and Resources

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Ukraine Energy Future Remixed Due to Crisis

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US Plans Arms for Syrian Rebels

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Celine Cousteau on the world's oceans.
Click for more videos.


John Hofmeister, ex-CEO of Shell Oil, forecasts $5/gallon gasoline by 2012 His Platts Energy Week interview is above. Here are his comments on the CNN Parker Spitzer Web site.

Links for the search term: Oil

Infographic of Food Waste, by type of food and phase of supply chain
This database shows how food types, such as grains, fruits & vegetables and oils, go to waste before reaching human consumers.

For instance, fruits & vegetables are most likely to go to waste (44% is lost), but most of the lost occurs after the foodstuff leaves the field. But much is lost during the growing phase, unlike fishing or oil and bean production, where very little is lost during growing, or grains where lesser amounts are lost during growing. The information comes from a 2011 United Nations study.

Syria's Energy Situation, by the US DOE

Cross-sector analysis of the impacts of climate change
Abstracts of presenters at the May 2013 International Conference on Climate Change Effects in Postsdam.

Talks:
Risk of ecosystem shift under climate change, a multi-model analysis, Lila Warszawski, Germany
Assessing simulations of climate change impacts on terrestrial ecosystems, Tim Rademacher, UK
Statistical evaluation of uncertainties in future projection of global soil carbon dynamics relevant to sensitivities of global temperature and precipitation changes, Kazuya Nishina, Japan
Impact of future sea-level rise on global risk of coastal floods, Jochen Hinkel, Germany
Multi-model assessment of water scarcity under climate change, Jacob Schewe, Germany
Climate change and malaria: intercomparison of global malaria models, Sari Kovats, UK
Assessing agricultural risks of climate change in the 21st century in a global gridded crop model intercomparison, Cynthia Rosenzweig, USA
Crop responses to elevated CO2 concentration: How certain are we?, Delphine Deryng, UK
Comparing projections of future changes in runoff and water resources from hydrological and ecosystem models in ISI-MIP, Pete Falloon, UK
A global multi-model perspective on the potential and limitations of irrigation for climate change adaptation, Joshua Elliott, USA
Leaving the world as we know it: Hotspots of global climate change impacts, Franziska Piontek, Germany
Impact cascades of climate change, Katja Frieler, Germany

The conversion factors cover calculation between weight, volume and calorific measures. They provide data for crude oil, products, natural gas, LNG, electricity and solid fuels
1 billion cubic feet of LNG = 0.021 million metric tons

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