Hydrogen bike that’s on the side of the angels

A ZERO-EMISSION motorcycle that glides silently through city streets might sound the ideal way to remain mobile in a world of dwindling oil supplies. Yet there is a snag with this transport revolution. Riders could be forced to stay within 50 miles of the humdrum Essex town of Hornchurch, the only place that sells the […]

America’s Tribute

The Asians remain shocked and in disbelief. Just when Japan, China, Taiwan and Hong Kong had accumulated enough dollars to buy oil to keep them warm for many winters, it’s all over. In broad daylight, the Americans and OPEC cheered as the price of oil popped up from $30 a barrel to over $50 a […]

Arab unemployment may spark unrest if oil boom ends

Arab countries could face a “lethal combination” of falling oil prices and rising unemployment in the next five years if they fail to reform their economies, a senior economist said on Saturday. Augusto Lopez-Claros, chief economist at the World Economic Forum (WEF) and editor of the Arab World Competitiveness Report 2005, released on Saturday, said […]

Oil Contrarian Sees Bubble Ready to Burst

Most energy analysts on Wall Street expect oil prices to remain high for the foreseeable future because of strong demand and limited supply. Then there is Tim Evans, a contrarian who says today’s crude oil prices above $50 a barrel reflect nothing more than a market bubble fed by speculation and unwarranted fear. Evans, a […]

Norway and Britain Sign Treaty to Develop Oil Fields

Norway and Britain signed a treaty in Oslo yesterday to develop oil fields that straddle their North Sea boundary in hopes of eventually boosting supplies to help meet world thirst for oil. Demand has pushed oil prices to record levels, prompting Norwegian Oil Minister Thorhild Widvey to say she now worries that the cost could […]

Libya seeks Opec green light to raise production

Libyan Prime Minister Shukri Ghanem said yesterday that his country was trying to win the approval of Opec to raise its production quota within the cartel. Libya “is trying to convince Opec to revise its production quota,” Ghanem said, adding however that Tripoli would respect the oil organisation’s decisions.

Gas Prices a ‘Hardship’ for Majority in U.S.

(CNN) — Gas prices are causing financial hardship for a majority of Americans, according to a poll released Monday. Fifteen percent of respondents said the current price of gas — averaging about $2.22 per gallon of self-serve regular — is causing them “serious hardship” that jeopardizes their standard of living, while 43 percent described “moderate […]

Lokmangal Biofertilizers

After the introduction of chemical fertilizers in the last century, farmers were happy of getting increased yield in agriculture in the beginning. But slowly chemical fertilizers started displaying their ill-effects such as leaching out, and polluting water basins, destroying micro-organisms and friend insects, making the crop more susceptible to the attack of diseases reducing the […]

Infinite gearbox cuts fuel consumption by third

A CAR with an infinite range of gear ratios that could cut fuel consumption by a third is being developed by an Edinburgh company. A Ford Focus has been fitted with new technology by Artemis Intelligent Power to demonstrate how engines and transmission systems could evolve in the next five years.

Fears of energy squeeze prompt fresh talks

Amid mounting fears of a global energy squeeze, Europe’s top energy official met oil ministers from the Gulf states this weekend to ask them to step-up production and help guarantee the continent’s future energy supply. The EU’s energy commissioner, Andris Piebalgs, held talks with Kuwait’s oil minister and current president of the Organisation of Petroleum […]

Green activists to challenge ExxonMobil on Kyoto stance

Exxonmobil, the world’s biggest oil company, is facing a new showdown with environmental activists at its forthcoming annual general meeting. The company stands alone among the oil majors in actively and publicly questioning the mainstream science on global warming, opposing the Kyoto Protocol on climate change and insisting that only fossil fuels can meet the […]

The Great Energy War

Carlhole didn’t write this either:

WWIII was initiated by the US, a nation with 4.5 percent of the world’s population that, until war’s end, was consuming over 50 percent of the world’s resources. At issue was the US attempt to dominate oil & gas supply, demand and transit. That had been an ambition since at least 1948 when George Kennan recognized that Post WWII US prosperity depended on oil & gas.

GlobalResearch.

Petrol ‘to hit 85p a litre average’ by end of month

etrol prices will hit an average of 85p a litre by the end of the month after crude oil traded at new highs yesterday, retailers warned. The price of petrol rose by 0.8p for a litre of unleaded to an average of 82.2p last week after spiking 2p on the wholesale market. Ray Holloway, the […]

Fuel costs ‘will push airlines to financial disaster’

Soaring oil prices will leave the world’s airlines nursing a loss of $5.5bn (£2.9bn) this year according to the industry body Iata, which admitted yesterday that aviation is “a financial disaster” in many countries. Iata said airlines were likely to spend $76bn on jet fuel this year, compared with $63bn in 2004 and $44bn in […]

BP on target to beat last year’s £8.7bn record profit

BP is on track for more record profits as its production increased while crude prices soared during the first quarter. Oil a fresh high yesterday at $58.28 a barrel in New York. Britain’s biggest company raised output from 4m to 4.1m barrels of oil equivalents a day in the three months to March 31 putting […]

Large Energy Firms Are Finding It Difficult To Replace Produced Oil

The Guardian ChevronTexaco buys rival for $18bn Deal expected to usher in fresh wave of energy mergers David Teather in New York Tuesday April 5, 2005 …yadda-yadda about buying Unocal, who cares… Oil prices have been reaching record highs as instability in Iraq, Nigeria and Russia, some of the world’s biggest producers, has sparked fears […]

Oil Tops $58 Per Barrel Before Retreating

that AOL is carrying this story (April 4) — Oil prices briefly climbed to record territory above $58 a barrel Monday, as concerns about growing demand and potential supply disruptions once again overshadowed improving crude inventories. ”I’ve been doing this for 22 years and I’ve never seen anything like this,” said oil analyst Ken Miller […]

Oil cost stokes push for policy

CS Monitor Congress begins work Tuesday on a bill to boost production and conservation. By Gail Russell Chaddock | Staff writer of The Christian Science Monitor … The current House bill and White House policy reflect the conventional wisdom that the US economy remains heavily dependent on oil, and the solution is finding more of […]

Green biodiesel production starts

BBC Commercial production of green fuel at the UK’s first large scale biodiesel plant has now started. The first tanker-load of useable fuel, made from used cooking oil and animal fats, has been picked up from the Argent Energy plant at Motherwell. It is expected that the green fuel will shortly be available at forecourts. […]

Iran Faces Obstacles in Oil and Gas Ambitions

Rigzone “Every year Iran announces big new discoveries, but at the end of the year the capacity is still the same: (at the most) four million barrels per day. We believe this is the realistic limit to Iran’s capacity under the present system,” Fesharaki said in his year-end report on Iran’s oil industry. Decline rates […]

Oil Platforms May Be Used for Fish Farms

NEW ORLEANS – Thousands of oil and natural gas platforms in the Gulf of Mexico could be converted into deep-sea fish farms raising red snapper, mahi mahi, yellow fin tuna and flounder, under a plan backed by the Bush administration. For years, marine biologists and oil companies have experimented using the giant platforms as bases […]

Oil baron seeks gusher from God in Israel

Oil baron seeks gusher from God in Israel KIBBUTZ MAANIT, Israel (Reuters) – A Texas oilman is using his Bible as a guide to finding oilin the Holy Land. John Brown, a born-again Christian and founder of Zion Oil & Gas of Dallas, can quotechapter and verse about his latest drilling venture in Israel, where […]

Hundred-Dollar Oil My Foot

A good part of the rise in the oil price has been the result of simple inflation, totally separate and apart from anything going on in the supply and demand for oil itself. I know this is true because the oil price measured in dollars has nearly doubled over the last two years, but when […]

The Big Meltdown

“The glaciers took off like a race horse after the ice shelves were removed,” says Ted Scambos, a researcher at the National Snow and Ice Data Center in Boulder, Colorado. “Just a decade ago we glaciologists were talking about gradual changes in glaciers taking place over centuries. Now we’re seeing things that we didn’t think […]

The Vapors Of Spring

The Cluster#uck Nation Chronicle by Jim Kunstler April 4, 2005 …skip ahead… Last week, the International Energy Agency, after years of dithering, warned of an imminent global oil shortage and made a list of surprisingly draconian recommendations, from lowering speed limits in all the advanced industrial nations, to a reduced work week, to a ban […]

Kuwait seeks to strengthen oil ties with China

Kuwait hopes the next few months will see a strengthening of its partnership with China’s oil industry. That was the message from leading Kuwait Petroleum Corporation (KPC) official Jamal Al-Nouri at the opening of the company’s Beijing office on Wednesday. “We are talking with every one of China’s big oil companies, including Sinopec, PetroChina and […]

Experts fear day when oil runs low

Within a couple of hours last week, crude oil prices hit a record $56 a barrel, President Bush fretted publicly over world oil shortages and the Senate voted to open an Alaskan wildlife refuge to drilling. The converging events drew attention to what administration officials call a temporary global energy crunch. But bigger worries also […]

US in race to unlock new energy source

More than a mile below the choppy Gulf of Mexico waters lies a vast, untapped source of energy. Locked in mysterious crystals, the sediment beneath the seabed holds enough natural gas to fuel America’s energy-guzzling society for decades, or to bring about sufficient climate change to melt the planet’s glaciers and cause catastrophic flooding, depending […]

Russian oil production up 3.5% in Jan-March

Russia increased oil and gas condensate production 3.5% year-on-year to 114.266 million tonnes or 9.24 million barrels a day in January-March, the Fuel and Energy Central Dispatch Department said. Russia produced 39.479 million tonnes of oil in March. Daily output was 0.6% higher than in January, when a drop in daily output of more than […]

‘Certainty’ of energy crisis more likely following oil price increase

Oil-rich nations including Saudi Arabia, Russia, Norway, Kuwait, Nigeria and Venezuela are awash in cash due to recent oil price increases. Investors who own oil companies based in the United States have also benefited from rising stock prices, stock buy-backs, and dividends. However, rising oil prices cut into profits of U.S. businesses because of the […]

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