Row over climate ‘hockey stick’

A row has erupted over one of the most provocative symbols of global warming – the iconic “hockey stick” graph. This record of Northern Hemisphere temperature variation in the last 1,000 years shows a recent warming trend apparently linked to human activities. New work in the journal Geophysical Research Letters questions its validity, challenging the […]

Companies offer $354 million in high bids at offshore lease sale

In the shadow of skyrocketing oil prices and a long period of high natural gas prices, petroleum exploration companies laid down $354 million in high bids Wednesday at the federal government’s annual sale of offshore oil and gas leases in the central Gulf of Mexico.2theadvocate.com

World Unimpressed by More Heavy, Sour Crude From OPEC

Oil Prices Soar after OPEC Increases Output “PA” Oil prices soared to record prices today as world markets reacted negatively to Opec’s decision to pump more oil. Driven by fears of a heavy winter demand at the end of the year, Opec oil ministers agreed in Iran today to immediately pump an extra half-million barrels […]

The Long Fingers of Oil.

Excellent Article. I’d put this up there as a must read for anyone wanting an idea of what role petroleum plays in our life. Energy BulletinIf you are like most of the world, you believe that oil and gas are in neat little caves buried deep in the earth, just like the drawing in your […]

It’s The Pipeline, Stupid!

Alaskan Oil: Fool’s Gold … The Trans-Alaska is 800 miles long, sits elevated above the ground for more than 400 of those miles, and was long ago deemed indefensible by the Pentagon. It is aging and corroding and is near the end of its design life. It has already been sabotaged once, bombed twice, and […]

Oil Surges to a Record on Concern Demand Is Outpacing Supply

Crude oil surged to $56.46 a barrel in New York, an all-time high, as a promise of increased output from OPEC failed to ease concern that demand is rising faster than supply. “There is little OPEC can do to get more on the market,” said John Kilduff, senior vice president of energy risk management with […]

Plastics created from orange peel

US scientists have discovered a way to make plastics from orange peel, using the greenhouse gas carbon dioxide. Cornell University researchers created a novel polymer using CO2, an oil present in orange peel and a catalyst that speeds the reaction along. BBC

EIA Says High Oil Prices not due to Hedge Funds, Traders

WASHINGTON, March 16 – (Reuters) – As U.S. crude oil prices soared past $56 a barrel to an all-time high on Wednesday, the government said that hedge funds and speculative traders were not to blame for rising crude costs. The Energy Information Administration said in its weekly review of the oil market that even though […]

Senate backs Alaska oil drilling

The US Senate has given its de facto approval to a plan to open up a remote wildlife refuge in the northern state of Alaska to oil drilling. Senators voted 51-49 against an amendment which would have struck the measure from the federal budget. BBC

New York state sees renewable energy future

New York’s rust belt could yield a greener economy that produces and consumes more renewable energy from soybeans to hydrogen, according to an economic report released by the state comptroller. The report said thousands more jobs would be created in manufacturing and energy related industries if New York steps up its commitment to generating more […]

Breaking the Oil Addiction

Our country is addicted to oil, and we are paying a fearful price. Our profligate use of petroleum contributes to air pollution, urban smog and global warming. Our addiction leaves us dependant on relatively unstable foreign sources of supply. And, it increases the pressure for oil and gas exploration in sensitive areas like the Arctic […]

Brazil – Petrobras Predicts Record Oil Production

Rising output from two new offshore wells will push Brazilian oil production to a new record next month, the president of government oil giant Petrobras said Wednesday. Jose Eduardo Dutra said the two wells in the Campos Basin near Rio would raise domestic output beyond the one-day record of 1.64 million barrels per day set […]

Bush Worried About High Oil Prices, Tight Supplies

WASHINGTON (Reuters) – As U.S. oil prices climbed above a record $56 a barrel, President Bush said on Wednesday he was worried about high energy prices and tight supplies. “I am concerned about the price of energy. I’m concerned about what it means to the average American family when they see the price of gasoline […]

Oil hits record high

Sharper-than-expected drops in gasoline and distillate inventories send active contract above $56 Oil supplies rose last week while inventories for gasoline and distillate, which is used for heating, fell more than expected, the Energy Information Administration said in its weekly report Wednesday.

PDVSA exec tells NPRA of plans for three refineries

Venezuela will remain a key player in the world’s energy balance not only because of its large oil reserves but also because of the refining capacity needed in the Atlantic basin by the end of the decade, says Alejandro Granado, vice-president of refining, Petroleos de Venezuela SA (PDVSA). Speaking at the opening session Mar. 14 […]

Trade Deficit Hits Record $665.9B in 2004

The United States deficit in the broadest measure of international trade soared to an all-time high of $665.9 billion in 2004, showing in stark terms the speed with which the country is becoming indebted to the rest of the world. The deficit represents the amount in resources that the United States is transferring into the […]

India, China locked in energy game

In the words of Indian Prime Minister Manmohan Singh, “China is ahead of us in planning for its energy security – India can no longer be complacent.” These words conveyed the sense of urgency that India holds over meeting its energy needs. India is playing catch-up with other major players in the global energy game. […]

OPEC raises production quotas

OPEC producers Wednesday agreed to a two percent increase in oil supplies in a bid to rein in $55 crude. The Organization of the Petroleum Exporting Countries raised production limits by 500,000 barrels a day to 27.5 million bpd, said OPEC President Sheikh Ahmad al-Fahd al-Sabah. The agreement gives Sheikh Ahmad the power to trigger […]

US blocks forest protection plan

A secret US plan to wreck Tony Blair’s G8 initiative combating illegal logging in the world’s threatened rainforests has been revealed in a State Department leaked memo. Mr Blair wants G8 environment ministers meeting in Derby this week to make rules insisting that all timber bought by official bodies in rich nations comes from properly-managed […]

Union of Russia’s Oil and Gas Producers Says Oil Exports in Danger

The president of the Russian Union of Oil and Gas Producers said on Wednesday, March 16, that the country’s oil exports are in danger unless a program of geological exploration of new oil deposits is introduced. Gennady Shmal, quoted by RIA Novosti said that unless the government and public opinion stop thinking about the oil […]

Mattel CEO: Oil Rise Takes Toll on Barbie

Rising oil prices will be a top concern for No. 1 toy maker Mattel Inc in 2005, affecting everything from the price of plastic in Barbie dolls and packaging to the cost of trucking merchandise to the store, Chief Executive Bob Eckert said on Tuesday. “If oil continues to be where it’s at today, we’re […]

Ascent of Peak Oil

By 2030, most SUV drivers on the road today will be in retirement, their vehicles off the road. These trashed SUV’s will be partly reincarnated in more efficient vehicle designs, and the parts that did go in landfills will be getting mined back out to extract the embodied energy value.

treehugger.com

Congress hears about Peak Oil

For an hour on March 14 2005, Conservative Congressman Roscoe Bartlett of Maryland addressed the United States Congress on the topic of Peak Oil. Mr. Bartlett is no newcomer to environmental issues, as described on his web site.

An extract of the seven pages of the Congressional Record is available as a PDF here.

New plane runs on alcohol

The single-seat EMB 202 Ipanema is the first production-series model approved by aviation authorities to run on ethanol produced from sugar cane.

Its makers, Neiva Aeronautic Industry, said it had orders for 70 of the single-engine planes this year.

The Ipanema is a new step forward for Brazil’s pioneering national ethanol fuel program, launched in response to the 1970s oil crisis.

news.com.au

Global warming bad for industry

Britain has told the world’s biggest polluters that only by placing the environment at the heart of economic policy could they prevent a crisis caused by global warming. London hosted a two-day brainstorming on climate change by ministers and senior officials from 20 countries in the run-up to a July meeting of the eight most […]

Refiners boost profits with low-quality crude oil

March 13, 2005 BY BRAD FOSS ASSOCIATED PRESS Like bartenders putting cheap alcohol into their cocktails, some U.S. refiners are reaping huge profits these days by relying on lower quality crude oil to make everything from gasoline to diesel. The difference is that, unlike martinis mixed with barnyard booze, these finished fuels, after a little […]

Continental Expects ‘Significant Loss’

NEW YORK (Reuters) – Continental Airlines Inc. (NYSE:CAL – news) expects to post “a significant loss” in 2005 and may have to furlough employees and sell planes if workers do not ratify $500 million in wage and benefit cuts, the No. 5 U.S. carrier warned on Tuesday. Continental said in a regulatory filing it could […]

US House of Representatives Passes Fuel Surcharge

By Avery Vise Without any fanfare, the U.S. House of Representatives last week passed a mandatory truckload fuel surcharge as part of the major highway bill (H.R. 3) working its way through Congress. The provision was included in an amendment offered by House Transportation Committee leaders that was described in the Congressional Record as making […]

OPEC Says It’s Lost Control of Oil Prices

With world oil prices north of $50 a barrel and rising, OPEC ministers meeting in Iran Wednesday will be grappling with a problem they haven’t confronted in the cartel’s 45-year history. In the past, OPEC tried to cool overheated prices by pumping more when supplies got too tight. But most OPEC producers say they’re already […]

World’s Growing Thirst for Oil Makes Falling Output Worse

The Cantarell oil field, in the shallow waters of Campeche Bay, is regarded by Mexicans as their crown jewel. It is the second largest oil field in the world by production, behind Saudi Arabia’s mammoth Ghawar oil field, pumping 2.2m barrels a day, the same amount as all the Kuwaiti fields together. For that reason, […]

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