Change is in air for wind power

Colorado voters have approved an amendment requiring utilities to get part of their electricity from the sun, wind or plant and animal waste. Voters OK measure to require more use of renewable energy Colorado voters have approved an amendment requiring utilities to get part of their electricity from the sun, wind or plant and animal […]

Tomorrow’s petrol is a gas

In front of US department of energy and industry leaders, Shell opened its first American hydrogen service station… Car and chemical manufacturers as well as governments are pumping money into hydrogen and fuel cell vehicle research and the infrastructure for a hydrogen economy. New interest in what is called “tomorrow’s petrol” follows President Bush’s December […]

The Energy Institute

J. Jackson Reports on yesterdays Energy Conference

@PO

Shell opens first combined hydrogen and gasoline station in North America

Shell Hydrogen (U.S.) opened the first hydrogen dispenser at a retail gasoline station to service a fleet of six fuel cell vehicles from the General Motors Corporation, the companies announced today.

Shell.com

Oil’s doom and gloom scenario is overblown

Higher oil prices are without doubt a substantial drag on global growth, but other factors continue to suggest that the world economy can weather this storm and continue to grow at a trend-like or even above trend rate next year.

Business Report

World ‘risks global recession’ in 2005

The world economy faces a significantly raised risk of a global recession in 2005 if oil prices are sustained at their current level, says a leading economist. “Right in the danger zone of a world already tipping into recession, so if anything else were to happen, either on the oil front or any other front […]

Crude Oil Drops on Optimism Increasing Output Will Boost Supplies in U.S.

Crude oil tumbled on speculation that U.S. supplies of heating fuels will be sufficient to meet winter needs as inventories rebound with rising global output. U.S. crude stocks rose 1.9 million barrels to 291.5 million in the week ended Nov. 5, a government report showed. Daily imports exceeded 10 million barrels for a sixth straight […]

Wind power not all pleasant breezes

A group of Canadian and U.S. scientists reported Tuesday that computer simulations show that a large-scale use of wind farms to generate electrical power could create a significant temperature change over Earth’s land masses.
Globe and Mail

Iraq debate: Stan Goff vs Dr Patrick Clawson

An excerpt from Stan Goff’s opening remarks in a debate held at Winthrop University, South Carolina, on November 8, 2004. The forum was titled, “What Next in Iraq? A Post-Election Perspective.”

Global capitalism runs on fossil energy, but the United States does not have to take oil from anyone. Every oil producing nation, including Iraq, has been perfectly willing to sell oil to the United States. It is cheaper to buy oil that it is to steal it with military action. The issue of oil is an issue not of production but of increasing demand between competitors in a period when we have nearly reached the peak of production output

Counterpunch.org

Shell’s first US hydrogen station

What is overlooked, says Romm, is that hydrogen is an energy carrier, not an energy source. “You use a lot of fossil fuels at the front end to get to hydrogen at the back end. It’s discouraging for me as a clean energy advocate that people are putting claims out that aren’t based on reality.”

Guardian Unlimited

Marathon Oil Reviews Oil, Gas Reserves

HOUSTON – Marathon Oil Co. is reviewing its oil and gas reserves for a possible downgrade, according to a regulatory filing Wednesday. Marathon Oil Reviews Oil, Gas Reserves HOUSTON – Marathon Oil Co. is reviewing its oil and gas reserves for a possible downgrade, according to a regulatory filing Wednesday. http://news.yahoo.com/news?tmpl=story&u=/ap/20041110/ap_on_bi_ge/marathon_oil_reserves_3

Opec to pump more oil next year as non-Opec output falls back, says IEA

Opec to pump more oil next year as non-Opec output falls back, says IEA By Kevin Morrison in London Published: November 11 2004 02:00 | Last updated: November 11 2004 02:00 Opec will produce more oil next year than previously forecast, while expectations of production from non-Opec producers have been cut, the International Energy Agency, […]

Oil Rises Most in 8 Weeks on Concern Over Low Fuel Supplies

Crude oil rose more than 3 percent, the biggest increase in eight weeks, as a decline in U.S. heating- oil inventories spurred concern that supplies of the fuel may be inadequate for winter. Heating-oil supplies fell 74,000 barrels to 48.4 million barrels in the week ended Nov. 5, the sixth-straight decrease, the department said. Stockpiles […]

Heating oil costs forecast to soar 37%

WASHINGTON — Homeowners who heat their houses with heating oil will see their bills jump more than 37% this winter from a year ago, the government said Tuesday in a report that also projected increased costs for all other heating sources.The average heating oil tab will total $1,309 for the October-to-March period, the Energy Department’s […]

OPEC-10 Oct output slightly higher at 28.1-mil b/d: Platts survey

Algeria, Kuwait and Nigeria boosted output by 10,000 b/d, 40,000 b/d and
20,000 b/d, respectively, while Iranian and Saudi production fell by 30,000
b/d each.

Petroleumworld

Remember Nixon

Iraq isn’t going away and peak oil might just be this years newstory bullet. Elections sometimes get in the way of real debate. Reasonable re appreciation of the illegal war perspective is valuable in any case. Who can write it up proper for a Heartland audience? Who can marshal the evidence in a lawyerly manner […]

Energy: Meeting the Soaring Demand

The first problem with energy is that we are running short of traditional sources of supply. The International Energy Agency says the world will need almost 60% more energy in 2030 than in 2002, and fossil fuels will still meet most of its needs. We depend on oil for 90% of our transport, and for […]

The Great Energy Transition

The National Capital Region World Future Society on November 18, 2004 will host a dinner discussion with prominent futurist, Mr. Robert Olsen, on future possibilities for energy. Current forecasts indicate that within a decade or perhaps two, the 50% point in terms of the world oil reserves will be reached, where we are fast approaching […]

Russia’s Oil Exports Reach Maximum, Decline to Start in 2 Years — Official

Russia has almost reached its maximum level of production, the head of the Russian Union of Oil and Gas Producers, Yuri Shafranik, said on Tuesday, Nov. 9. mosnews.com Russia has almost reached its maximum level of production, the head of the Russian Union of Oil and Gas Producers, Yuri Shafranik, said on Tuesday, Nov. 9. […]

Arctic Melting Fast; May Swamp U.S.

UK oil balance moves into deficit

The UK’s oil trade balance swung into the red for the first time in 13 years in September, the Office for National Statistics (ONS) has said.

BBC

Peak of global oil production is anyone’s guess

Those who believe that depletion of the world’s oil supply is imminent are sometimes derided as Chicken Little-like eccentrics who tell governments, the media, the energy industry and just about anyone else willing to listen that the world is on the front edge of an emergency.

Salt Lake Tribune

Focus on energy crisis

THE HAGUE, NOV 8: The energy crisis facing the world today came in for extensive discussion at the summit. Stating that the crisis has world-wide dimensions, the European Comm-ission president Romano Prodi termed the long-term effect of oil scarcity “dramatic.” Supply and demand will not be in equilibrium given the huge energy needs of India […]

China Rocks the Geopolitical Boat

Speaking of business as unusual. A mere two months ago, the news of a China-Kazakhstan pipeline agreement, worth US$3.5 billion, raised some eyebrows in the world press, some hinting that China’s economic foreign policy may be on the verge of a new leap forward. A clue to the fact that such anticipation may have totally understated the case was last week’s signing of a mega-gas deal between Beijing and Tehran worth $100 billion. Billed as the “deal of century” by various commentators, this agreement is likely to increase by another $50 billion to $100 billion, bringing the total close to $200 billion, when a similar oil agreement, currently being negotiated, is inked not too far from now.

Asia Times

Not so vast as our failure

Few people seem to recall that the U.S. was the Saudi Arabia of the world at one time producing more oil than any other country. At the beginning of the last century the U.S. was the greatest oil exporter in the world. 7 out of 8 barrels of oil used in the first and second […]

Global Warming Exposes Arctic to Oil, Gas Drilling

WASHINGTON (Reuters) – Rising global temperatures will melt areas of the Arctic this century, making them more accessible for oil and natural gas drilling, a report prepared by the United States and seven other nations said on Monday. It predicts that over the next 100 years, global warming could increase Arctic annual average temperatures 5 […]

Is the world running out of oil?

When does oil production peak? In theory, the production of oil reaches a peak when half the original supply has been pumped from the ground. This holds true for a single well or the collective behaviour of all oil wells on the planet. With half the supply consumed, it simply gets more difficult and harder to maintain the same levels of production.

The Daily Star

Oil That Grows On Trees

Taking oil from trees is an idea as old as history, but today it is done by modern methods for modern purposes. Tree oils now are utilized in the manufacture of paint, food, drugs, textiles and many specialized products that people use nearly every day. – So there is still hope for the ‘optimists’, however […]

2050 Projections Suggest Today’s Choices Are Crucial

World Bank launches Responsible Growth for the New Millennium By the year 2050, world income will reach more than $135 trillion, up from $35 trillion today, according to the World Bank’s new book “Responsible Growth for the New Millennium: Integrating Society, Ecology and the Economy”. The book suggests that 2050 could be the time when […]

Planning for a soft landing

Petroleum Review – Editorial – November 2004

According to the IEA, Opec’s spare capacity (reached within 30 days and sustainable for 90 days) is now just 580,000 b/d, of which 180,000 b/d is in Iraq. What this tells us is that the world’s spare capacity is now just 0.5%.

Energy Institute

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