Showdown Vote Approaches on Arctic Drilling

By Richard Simon Times Staff Writer WASHINGTON — With a showdown vote as early as today, President Bush (news – web sites) appears closer than ever to achieving a goal at the core of his efforts to increase the nation’s energy production: opening an Alaskan wildlife refuge to drilling for oil and natural gas. Senate […]

In the grip of oil

Extremists have warned for years of an impending economic disaster due to the end of oil; the movement is dubbed “Peak Oil.” It posits that one day all the oil in the world will be depleted, prices will soar and disaster will ensue. And many are saying that day has come. “Peak Oil is no […]

Oil could gush to $100

Next up for oil? $100 a barrel? That’s the view from analysts who may have considered that prospect a long shot just a few months ago. And to be sure, some still think that’s a stretch from the current $55 level, short of a major disruption like a terrorist attack. But momentum is gaining for […]

Post-9/11 secrecy produces some undesirable results

In Fall River, Mass., last year, the mayor wanted to find out more about a plan to store liquid natural gas in his city. The substance, if released, can cause a catastrophic explosion, and he wanted to be sure that safeguards were adequate to protect the public. A 1966 federal law is supposed guarantee access […]

Experts see bubble building in high oil prices

growing number of people in the energy industry, including the chairman of Exxon Mobil, are voicing concern over whether soaring oil prices are justified by conditions in the market. . Some are even comparing the trading in energy markets to the speculative frenzy in technology stocks in the late 1990s. . IHT

Venezuela: Bush’s Next Oil War?

A statement released on March 8 and signed by almost 400 Venezuelan journalists accused the US government and media of a campaign to prepare the ground for a US military attack on oil-rich Venezuela. According to translation of the statement posted at the Venezuela Analysis website, it begins by declaring: “As it was done in […]

Oil boom dwindles in Russia

A five-year oil boom is ending in Russia, the world’s second-largest oil exporter, as President Vladimir Putin increases government control, hurting investment in new wells, rigs and pipelines. Output will rise 3.8 percent this year, less than half the average rate during the past five years and the lowest since $10 oil hurt investment in […]

OIL PRODUCTION — (House of Representatives – March 14, 2005)

The SPEAKER pro tempore. Under a previous order of the House, the gentleman from Maryland (Mr. Gilchrest) is recognized for 5 minutes. Mr. GILCHREST. Mr. Speaker, in just a few minutes, the gentleman from Maryland (Mr. Bartlett) will address the House for some period of time talking about energy sources, oil in particular, and the […]

Opec argues over oil output boost

Algeria and Libya have come out against Saudi Arabia’s proposal to increase oil supplies by 1.9% to 27.5 million barrels a day. The two made their opposition clear ahead of the next meeting of the Organisation of the Petroleum Exporting Countries, to be held on Wednesday. On Monday Saudi Arabia called for an immediate increase […]

OPEC seen less likely to hike output

ISFAHAN, Iran – A Saudi proposal to hike OPEC’s oil production ceiling to bring it in line with real output appeared to be losing favor Tuesday, with Libya’s oil minister saying most members were opposed. The Saudis in turn said they would pump more oil alone, if needed. Amid the seeming rift between Saudi Arabia, […]

The state of pollution

As China steps into the year of the rooster, all its provinces have submitted their economic performance reports for 2004. On the face of it, Guangdong, Shandong, Jiangsu and Zhejiang ranked as the top four in terms of gross domestic product (GDP), with each exceeding 1 trillion yuan. But behind the fancy numbers lies the […]

We’re paying record prices at the pump. Expect $2 gas — and probably more —

Gasoline prices smashed dual records Monday as prices in Houston and around the state continued to soar. A gallon of regular unleaded in the city now averages $1.91 — up 8 cents in a week and setting a record, according to the U.S. Department of Energy. The statewide average also set a record, at $1.94 […]

Steel price hikes, highly increases oil projects’ costs

The 30-percent to 40–percent hikes in the steel prices in the world markets have highly increased the costs of the oil projects, noted an official in the Iran Offshore Engineering and Construction Company (IOEC).http://www.tehrantimes.com/Description.asp?Da=3/15/2005&Cat=9&Num=23

Gloomy forecast on gas. Industry experts predict no reprieve from high prices

America’s gasoline refineries are running full-tilt and may have a hard time slaking the country’s growing thirst for fuel, industry experts told a convention of refiners Monday. With more than 1,500 refining industry executives packed into the San Francisco Hilton for their annual meeting, speakers described a future of growing demand and tight supplies. SFGate

Oil Companies Ink Landmark S. China Sea Agreement

Oil companies of the Philippines, China and Vietnam signed a landmark tripartite agreement in Manila on Monday to conduct a joint seismic survey of oil potential in disputed areas of the South China Sea. The US$15-million undertaking will last for a period of three years, a move Philippine President Gloria Macapagal Arroyo described as a […]

Alaska village seeks permit for miniature nuclear power plant

With Galena tucked into the western part of Alaska, diesel oil that powers the electrical plant must be towed 350 miles by barge. Customers pay 30 cents per kilowatt hour, compared to a national average of 8.71 cents, so they cook with propane, turn off lights and limit television time. In need of relief, the […]

ExxonMobil claims high prices unjustified but yet cannot find new oil prospects

– Even as oil prices flirt with record highs, a growing number of people in the energy industry, including the chairman of Exxon Mobil, are voicing concern over whether the soaring oil prices are justified by supply-and-demand conditions in the market. Some are even comparing the trading in energy markets to the speculative frenzy in […]

Russian firms turn Kyoto pioneers

For some businesses in the Russian town of Archangel, the Kyoto protocol is an opportunity to modernise, make money and help the environment.An icy wind drives gusts of snow across the frozen river Dvina in Archangel. It is only around -15C on the thermometer but out in the open the wind is piercing. In a […]

Talks push for alternative fuels

Environment and energy ministers from 20 countries are meeting in the UK to discuss climate change and how to reduce dependence on fossil fuels. As well as representatives from the G8 group of rich nations, ministers from emerging economies such as China, India and Brazil are taking part. http://news.bbc.co.uk/1/hi/sci/tech/4350481.stm

Running on Empty

Running on empty The leading energy analysts who foretold Enron’s demise have an alarming new claim: The world’s major oil companies are almost tapped out. – – – – – – – – – – – – By Robert Bryce March 15, 2005 | Four years ago, the analysts at John S. Herold Inc. were […]

Geothermal systems wave of the future

By SHAWNA RICHTER The Burlington Hawk Eye Energy workers and environmentalists say geothermal heating and cooling systems are the best available. The systems are energy efficient, environmentally friendly and well, new. And the Burlington Public Library plans to have one.Saturday the library brought Geo-1, Alliant Energy’s educational van, and two geothermal buffs to share information […]

Lucrative tax breaks afoot for solar energy

By Deirdre Gregg Puget Sound Business Journal (Seattle) Updated: 7:00 p.m. ET March 13, 2005 The Senate is considering two bills that would offer aggressive incentives to manufacturers and consumers of renewable energy. One bill, SB 5111, would provide tax breaks for solar energy system manufacturers, with additional incentives for those who build facilities in […]

Stage 2 nuclear technology can meet energy needs

Our Regional Bureau / Hyderabad March 15, 2005 Kakodkar said that India is moving from the stage-1 technology which uses Uranium and Heavy water to Fast Breeding Technology in atomic power to cater to the country’s energy needs.According to Baldevraj, director of the Indira Gandhi Centre for Atomic Research (IGCAR), the Fast Breeding Technology is […]

‘Tree-Power’ Could be Future Energy Source

A wood-fueled electricity generating plant may be in your future. In fact, the future is ‘now’ in some Scandinavian countries, said Dr. Darwin Foster, Texas Cooperative Extension forestry program leader. “In Sweden, they’re already bundling up what we’re leaving in the forest after a timber harvest and using it as bio-fuel,” Foster said. “Bio-fuel” is […]

Recognition, Revaluation, & Reallocation – Jim Puplava

Energy demand in the United States and China has been relentless. The appetite for more oil in the two fastest growing economies in the world goes on unabated. Instead of a slowdown in energy use this year, demand will be up again. Worldwide demand will grow by 2.2 percent. The relief that everyone was expecting […]

Gas Price at 2nd Highest Level Ever

The average price U.S. consumers pay to fill their cars with gasoline climbed to second highest level ever, and is less than a penny from the all-time record, the government said on Monday. Yahoo NewsThe average price U.S. consumers pay to fill their cars with gasoline climbed to second highest level ever, and is less […]

The View from the Summit of Hubbert’s Peak – Marshall Auerback

The Organisation of the Petroleum Exporting Countries will try to calm a nervous oil market this week by pledging that it is prepared to meet customer demand by continuing to pump oil above its official quota limits in an effort to cool oil prices, which are trading near record nominal levels of $55 a barrel. […]

Saudi Urges 2 Percent Rise in Oil Output

Saudi Arabia’s advocacy of a 2 percent increase to OPEC’s output target failed to calm oil markets Monday, though it appeared to reflect growing concern within the cartel about the effect high prices could have on the global economy. Yahoo Finance

Pirates storm Indonesian tanker

The Malacca Strait is notorious for pirate attacks. Pirates have attacked a gas tanker in the Malacca Strait, kidnapping its captain and chief engineer for ransom, a watchdog said. The International Maritime Bureau (IMB) said about 35 pirates with rocket launchers stormed the Indonesian-owned MT Tri Samudra late on Saturday. They diverted the Belawan-bound vessel […]

A coal-dependent future for China?

With a rare glimpse inside one of China’s working coalmines, Newsnight’s Science Editor, Susan Watts, has been to find out if a coal-dependent future for China is inevitable. Coal built China – and fuels its relentless growth today. Eighty per cent of China’s electricity comes from coal, and there are plans for 544 new coal-fired […]

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