EIA Annual Energy Outlook 2005 (Early Release)

The Annual Energy Outlook presents a midterm forecast and analysis of US energy supply, demand, and prices through 2025. The projections are based on results from the Energy Information Administration’s National Energy Modeling System. The AEO2005 Early Release includes the reference case and an alternative oil price case, the October oil futures case. The full publication, to be released in early 2005, will include complete documentation and additional cases examining energy markets.
EIA

ExxonMobil president makes peak oil comment

Tillerson expects non-OPEC production of crude and condensate to peak in the next 10 years, “with 70% of total production from seven areas—Russia, the US, the North Sea, Mexico, Canada, China, and Brazil.” He sees the call on OPEC crude supplies increasing slowly through 2010. “During this period, growth in non-OPEC supplies satisfies most of […]

Louisiana To Push For Gulf Lease Payments

The state of Louisiana is attempting to force the federal government to hand over a share of oil and gas lease revenues from deepwater wells in the Gulf of Mexico, says the Los Angeles Times. The state wants the money to remediate its shrinking coastline, which the energy industry damages when it creates pipelines and […]

Why do Americans fear nuclear power?

It’s millions of times as much as is released in burning (fossil fuels). And so what that means is that if you do it properly, a very small amount of material can give you a vast amount of energy. And hence, a small amount of uranium can give you a very great deal of energy. That energy can be converted to electricity.

PBS

LNG Group Fuels Ad Blitz

A pro-LNG industry consortium is poised to stage an ad blitz in California to try to win permission to build LNG terminals in the state, according to the Los Angeles Times. The group has hired a consultant with close ties to governor Arnold Schwarzenegger, and plans on pushing for six major projects, three in the U.S. (Long Beach, Oxnard, and Malibu), two in Mexico (Tijuana and Costa Azul), and one unannounced location.

Iraq Review: Major push to tap oil wealth

Iraq, which has the second largest oil reserves in the world, is going all out to lure foreign companies to tap its vast resources and boost production.Iraq has launched a major drive to attract investments from multinational companies for its vast oil wealth. Iraq, which sits atop the world’s second largest oil reserves, plans to […]

Expensive tastes

It [OPEC] can set a floor under the price, but it cannot set a ceiling. To do that, it would have to maintain a larger margin of spare capacity, probably about 4m bpd, which could be tapped whenever prices rise too far or too fast. As recently as 2002, the organisation had a cushion of 6m bpd. But now OPEC is operating with precious little to spare: only about 1m bpd in an 83m-bpd market.

Economist

China to Build Oil Reserve in Stages to Limit Effect on Prices

In addition to stockpiling fuel, China’s government is encouraging the country’s oil companies to buy oil resources abroad, promoting coal-to-fuel conversion projects, energy conservation measures and the use of hydropower and wind power to reduce reliance on crude oil imports.

Bloomberg

Is the Future of Silicon Valley Solar?

There are striking parallels between the renewable energy industry today and the personal computing industry circa 1980. Much of the basic technology required for personal computing was already in place and was on the verge of becoming economical for mass production. The personal computer hardware and software industry was characterized at that time by small, under-capitalized firms that catered to a hobbyist market (known today as “early adopters,” in industry parlance).

Slashdot

U.S. Ready to Face Energy Dilemmas, Abraham Says

As Energy Secretary Spencer Abraham prepares to leave his post, worldwide energy demand continues to intensify, prices have climbed to near-record levels and national security tops the concerns of many Americans. They won’t be painless issues to resolve, but the former U.S. senator from Michigan is feeling confident he has helped clear a path for […]

OPEC Agrees to an Oil Supply Crackdown

Seven of the 11 cartel’s producers will reduce supply by around 5 percent each to make up the overall reduction. Iran, Venezuela and Indonesia will be exempt as they are pumping at or below official limits, while Iraq does not have a quota.

Top OPEC producer Saudi Arabia will shoulder half the total cut. The kingdom’s planned 500,000 barrels per day reduction would take its output to around 9 million bpd — still around 225,000 bpd above quota.

Reuters

Israel looking to import Russian Gas

http://www.haaretzdaily.com/hasen/spages/513346.html “For the first time since Israel began powering its electricity plants with natural gas, the government is checking the feasibility of buying from Russia. The manager of the Infrastructures Ministry’s Gas Authority, Shuki Stern, presented figures to the treasury that even if British Gas, Tethys Sea and the Egyptians all supply gas to Israel, […]

Tanker splits in two near wildlife haven

December 11, 2004

THOUSANDS of gallons of heavy-duty oil were pouring from a grounded cargo ship off the Alaska coast last night in a disaster that appears to have claimed six lives and threatens an environmental catastrophe.

The 40,000-tonne Malaysian-registered Selendang Ayu, carrying 480,000 gallons of heavy fuel oil and 21,000 gallons of diesel, yesterday split in two off the coast of Unalaska island, a region near a wildlife refuge that is home to sea lions, seals, otters, halibut fishing stocks and several endangered species.

Timesonline

Record Number Need Heating Help

Demand for heating assistance from low-income households is expected to jump to the highest level in two decades this winter, putting a significant strain on government and charitable groups, according to state energy directors.
http://story.news.yahoo.com/news?tmpl=story&cid=677&e=23&u=/usatoday/20041210/bs_usatoday/recordnumberneedheatinghelp

EIA: $30/bbl Oil Here To Stay

Via AP, the EIA says $30/barrel oil is here to stay.

Pemex

Mexican oil company Pemex may be near collapse, due to depletion and a failure to find new reserves, says Businessweek. The company is run as a patronage, not as a serious oil company; any decline in oil prices could prove catastrophic. Pemex has four times as much debt as Exxon Mobil, but far fewer assets. The company’s largest field, Cantarell, may start declining by as much as 14% annually by 2006.

U.S. Companies, Libya Scratch Out Production Deals

Occidental Petroleum and ChevronTexaco lead the charge to modernize Libya’s oil infrastructure, reports the Los Angeles Times. The country’s stated goal is to roughly double production to three million bpd, vs the current rate of 1.6 Mbpd.

Bush Energy Nominee Inexperienced

President Bush’s nominee for U.S. Energy Secretary is a high-ranking Treasury Department official, Sam Bodman. Bodman, a chemical engineer by training, has “relatively little energy experience”. Outgoing Energy chief Spencer Abraham previously served as Senator from Michigan, and “also lacked energy experience before he became head of the Energy Department”.

Iraq Fuel Crisis Spawns Unrest

U.S. officials in Baghdad fear that a fuel crisis, which has left Iraqi homes cold and dark and drivers waiting days for petrol, may inflame unrest before next month’s election.

Reuters via Yahoo

Renewables gain as fuel costs increase for others

Green Mountain Energy gets the power it sells from wind turbines and hydroelectric plants and will cost about 11.1 cents per kilowatt-hour, the same price current Reliant Energy customers are paying.

Houston Chronicle

Highlights from IEA December Oil Market Report

Mild weather and higher November refinery runs eased distillate supply concerns and, combined with rising crude stocks, triggered a near $10 fall in crude futures in early December. Light/sweet crude differentials versus heavy/sours in the spot market saw their premium fall from their October highs. Upside price risks remain from the weather, geopolitical issues, low spare capacity and economic uncertainty.

IEA

IEA Oil Projections Disputed

Therefore, whenever one seeks to postpone the time when production can no longer meet demand, the situation at that point becomes more unfortunate.

Odac-Info/ Klaus Illum

Fusion: Now Only 15 Years Out!

Fusion’s always been thirty years out, or so say the cynics. Today slashdot passes on a Christian Science Monitor article about the fine folks at ITER, the next generation, internationally-funded fusion research reactor, who tell us that we’re closer to commercial fusion power plants than ever before. Oh, sure, you can snarkily observe that the […]

Official: OPEC to Cut Production Next Year

CAIRO, Egypt (AP) — OPEC will cut back on oil production early next year in a bid to stave off a further decline in the world price, Kuwait’s oil minister said Thursday. The comments by Sheikh Ahmad Fahad Al-Ahmad Al Sabah revealed what delegates to the Organization of Petroleum Exporting Countries had agreed in informal […]

China outlines ten programs for energy efficiency

According to the especial plan for medium-and-long-term energy conservation for the 11th five-year period (2006-10), China will set its focus of energy saving in the industrial sector, transportation and construction industries, as well as commercial and civil power use, said official with the National Development and Reform Commission (NDRC) recently.

Peoples Daily Online

High fuel costs spell winter tragedy

As heating costs soar on the back of rising oil prices, cash bonanzas for the oil majors are nothing if not predictable. BP has already announced stunning annual profits of £9 billion ($16.93bn). In the 10 seconds it took you to read the start of this article, BP would have made £2854 ($5369) profit. But […]

msnbc is reporting thats Kuwaits oil minister said

they will cut back on production beginning next week!

http://www.msnbc.msn.com/id/6685676/

Nevada Awards First Renewable Energy State Rebate

New State Program Encourages Residents to Convert Sunshine Into Electricity November 30, 2004 The Washoe Indian Tribe of Nevada and California has received a $33,185 rebate check from Sierra Pacific Power Company for investing in solar power — the first rebate in Nevada resulting from a pioneering state program to encourage the use of renewable […]

DOE Report on

Report of the Review of Low Energy Nuclear Reactions

Introduction
The Department of Energy’s (DOE) Office of Science (SC) was approached in late 2003 by a group of scientists who requested that the Department revisit the question of scientific evidence for low energy nuclear reactions. In 1987 Pons and Fleishmann first reported the production of “excess” heat in a Pd electrochemical cell, and postulated that this was due to D-D fusion (D=deuterium), sometimes referred to as “cold fusion.” The work was reviewed in 1989 by the Energy Research Advisory Board (ERAB) of the DOE. ERAB did not recommend the establishment of special programs within DOE devoted to the science of low energy fusion, but supported funding of peer-reviewed experiments for further investigations. Since 1989, research programs in cold fusion have been supported by various universities, private industry, and government agencies in several countries.

…snip…

More at http://www.sc.doe.gov/Sub/Newsroom/News_Releases/DOE-SC/2004/low_energy/index.htm

Sunlight to Fuel Hydrogen Future

The photovoltaic cell is old news. The latest way to exploit the sun is through tiny materials that can directly convert sunlight into large amounts of hydrogen. Hydrogen Solar of Guilford, England, and Altair Nanotechnologies are building a hydrogen-generation system that captures sunlight and uses the energy to break water molecules into hydrogen and oxygen. […]

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