Clashes between militants and Saudi forces rage on

Middle East Online Death toll among militants remains unclear as gunbattle with security forces in Al-Rass enter second day. By Ali Khalil – RIYADH A fierce firefight between Saudi security forces and suspected Islamic militants raged on in the north of the kingdom for a second straight Monday, leaving as many as eight militants dead […]

Chevron Texaco Buying Unocal

ChevronTexaco Buying Unocal in $16.4B Deal NEW YORK – ChevronTexaco Corp., the nation’s second biggest oil concern, is buying rival Unocal Corp., the ninth biggest U.S. oil and gas exploration and production company, for about $16.4 billion in cash and stock.

Petrol fuels rate rise (Australia)

THE odds in favour of a rate rise on Wednesday shortened over the weekend after the global price of a barrel of oil touched a fresh high of $US57.20c. The Reserve Bank board meets tomorrow to decide whether it will make another interest rate move after last month’s quarter of a per cent rise to […]

EU cuts eurozone growth forecast to 1.6%

High oil prices and a strong euro will depress economic growth in the euro zone to 1.6 percent this year from 2 percent in 2004, but growth will rebound next year, the European Commission forecast on Monday. In its twice-yearly forecast the European Union executive said gross domestic product in the 12-nation euro zone would […]

China, India seek cooperation in global oil quest

Chinese Premier Wen Jiabao will visit India this week with the race between the world’s two most populous nations to secure the energy they need to fuel their growing economies likely to be on the agenda. With rapidly growing oil demand and increasing dependence on imports ¡ª last year over 40 percent of China’s crude […]

$100 Oil is the Solution

How can we go from oil priced in the low teens only a few years ago to oil now holding steady in the mid-50s? This week we have seen a projected price spike of $105 from Goldman Sachs. Can you say $4 a gallon gasoline, boys and girls? $100 to fill up the tank of […]

Oil Reaches Record $58; OPEC Supply Is Inadequate for Gasoline

Crude oil climbed to a record of more than $58 a barrel on concern that rising output from the Organization of Petroleum Exporting Countries may be inadequate to produce enough gasoline to meet a summer peak in U.S. demand. On the New York Mercantile Exchange, crude for May delivery rose 78 cents, or 1.4 percent, […]

Oil output ‘could rise in weeks’

US crude oil prices hit a new record overnight, up 35 cents to $57.62 a barrel, despite signs the Opec oil producing nations could raise supply. Opec’s president said on Monday talks had begun with its members on raising output by 500,000 barrels a day. Nigeria’s presidential adviser on petroleum, Edmund Daukoru, said on Sunday […]

No easy solutions in sight to keep oil prices in check

During the debate about the 5c-a-litre rise in petrol excise, politicians and commentators have suggested deferring the increase until oil prices stabilise at lower levels. No one, however, has been able to offer a valid reason why prices should come down. With global crude oil consumption running at a staggering 84 million barrels a day, […]

UK PRESS: Oil Prices Force Philippines Working Week Cut

LONDON -(Dow Jones)- The Philippines government has shortened its official working week from five days to four to reduce energy demand, as part of an attempt to lower its crude imports of 300,000 barrels a day, reports the Financial Times. http://www.ft.com UK PRESS: Oil Prices Force Philippines Working Week Cut LONDON -(Dow Jones)- The Philippines […]

Burn Grass, Get Green Biofuel

Grow grass, not for fun but for fuel. Burning grass for energy has been a well-accepted technology in Europe for decades. But not in the United States.
Yet burning grass pellets as a biofuel is economical, energy-efficient, environmentally friendly and sustainable, says a Cornell University forage crop expert.

Roland Piquepaille’s Technology Trends

INDIA: Thermal plants’ coal shortage worsening

“Most thermal power projects in India do not have reserves. Almost all are living a hand-to-mouth existence relying on daily supplies and very little in-hand reserves,” said Mr P.K. Kukde, Director (Technical), Tata Power Company Ltd, which runs a 1,350-MW thermal plant in Trombay. “There has been an overall shortage in the country for the […]

IEA Urges Swift End to Energy Subsidies

Oil importing countries need to remove energy subsidies as quickly as possible as they are a spur to higher consumption despite high oil prices, the International Energy Agency has warned. “The oil market is not functioning well because there is not significant demand response to price signals,” Claude Mandil, IEA executive director, said in an […]

Grist on Population: Surely You Gestate?

Some folks have thought about the implications of Peak Oil for family planning. Is it wise to have children, or not? Are we morally obligated to stop reproducing, or to have only two children per couple, or even one child per couple? What about adoption? Can we parent children to survive and thrive over the next twenty years or so? Umbra Fisk of Grist tackles the topic with humour.

grist.org

Video from rep. Barlett in US Congress

Everyone here has most likely read the transcript of Mr. Bartlett adressing the peak in global oil production before US congress.

The cspan-footage is available for download now

Energybulletin

IEA warns against possible acute oil shortage

by ITAR-TASS News Agency PARIS, April 1 (Itar-Tass) — The International Energy Agency (IEA) has come to the conclusion that the world economy is facing a serious threat of acute oil shortage. IEA experts have prepared a special report, due to be published within a few weeks, in which they warn the key oil consuming […]

A Peek Behind Bush II’s ‘War on Tyranny’

Carhole didn’t write this: The list of emerging targets in a new War on Tyranny is clearly fluid, provisional, and adaptable as developments change. It is clear that a breathtaking array of future military and economic offensives is in the works at the highest policy levels to transform the world. A world oil price of […]

Hybrid-Car Tinkerers Scoff at No-Plug-In Rule

“I’ve gotten anywhere from 65 to over 100 miles per gallon,” said Mr. Gremban, an engineer at CalCars, a small nonprofit group based in Palo Alto, Calif. He gets 40 to 45 miles per gallon driving his normal Prius. And EnergyCS, a small company that has collaborated with CalCars, has modified another Prius with more sophisticated batteries; they claim their Prius gets up to 180 m.p.g. and can travel more than 30 miles on battery power.

NYT

US Could stop using oil by 2050 IF…..

MSN Money Central By Scott Burns Yes, says visionary Amory Lovins. So long as we get serious about improving energy efficiency. The cost? $180 billion over 10 years! LESS THEN THE IRAQ WAR TODAY!!!!! — guestNearly 30 years ago Amory Lovins took on the utility industry. The industry was predicting a high-energy future filled with […]

Iowa Supreme Court rules in wind energy dispute

Sioux City Journal DES MOINES, Iowa (AP) — The Iowa Supreme Court issued a divided ruling Friday on how utility companies may buy and sell electricity from individual wind generator owners. The ruling says the utilities may charge more for the electricity they’re selling to those individuals than it pays them for the excess power […]

Superspike report raises questions

Aljazeera.net

A widely reported briefing by US investment house Goldman Sachs alerted markets to the possibility of an oil price superspike – a spike as high as $105 per barrel.
(…)
One question remains, however. Will producer nations and oil multinationals be willing to carry on investing in a collapsing market? Would they still be interested in spending heavily on exploration and development to create the reports’ desire, a supply cushion? One that would inevitably end up earning the same producers less profit? That is not a question this report could answer, or ask.

Japan ready to drill in disputed waters

Japan will prepare to grant exploratory drilling rights in disputed waters of the East China Sea adjacent to where China hopes to launch full-scale drilling for natural gas, industry minister Shoichi Nakagawa said Friday.

His comments came on the heels of an announcement that the Ministry of Economy, Trade and Industry has completed a geophysical survey that found that the two natural gas reserves China is currently developing extend into Japan’s exclusive economic zone.

Unless Beijing releases data on the deposits it is tapping, Japan will conduct its own test drilling for oil and gas, he said.

The minister said: “We want China to suspend drilling. We have repeatedly and politely requested China to release data (on the reserves) so that we can seek a cooperative solution (to issues) in these waters.”

Japan Times

New Politics in Energy?

Newsweek WASHINGTON — The interesting question about the advent of $50-a-barrel oil is whether it signals a new era in the economics and politics of energy. To sharpen the question: Have we entered a period when, owing to consistently strong demand and chronically scarce supplies, prices have moved permanently higher? We don’t know, but the […]

Gas-guzzling good times are nearly over

Professor Geoff Kearsley from Otago University: “Oil scarcity has the capacity to devastate our economy, physically isolate us in ways not seen since before World War II and to transform our daily lives. It is already past the time when this should be our primary national concern.”

New Zealand Herald

The Mother Of All Oil Shocks

Translated from Le Monde (Paris). A French elected official from the Green Party warns that there will be an oil crisis unlike any that preceded it by the end of the decade. He says our only hope is something hard to imagine: a worldwide agreement to draw down oil consumption….

Link to translation of op-ed piece in Le Monde (March 31) via scoop.co.nz

Bush’s Plan to Hit Iran – an interview with Scott Ritter

Antiwar.com April 2, 2005 Scott Ritter discusses Bush’s plan to be ready for war on Iran by June, 2005 on Air America with Charles Goyette. Interview conducted Mar. 31, 2005. Scott Ritter is the former UN Chief Weapons Inspector in Iraq, 1991-1998 and author of Frontier Justice: Weapons of Mass Destruction and the Bushwhacking of […]

The Iranian Threat: The Bomb or the Euro?

Iran does not pose a threat to the United State because of its nuclear projects, its WMD, or its support to “terrorist organizations” as the American administration is claiming, but in its attempt to re-shape the global economical system by converting it from a petrodollar to a petroeuro system. Such conversion is looked upon as […]

Shell’s new oil finds calm investors’ fears

Oil major Royal Dutch/Shell replaced less than half the oil it pumped last year with new finds, according to final reserves data published on Thursday. Shell said its proved reserves stood at 11.9 billion barrels of oil equivalent (boe) at the end of 2004, equal to less than nine years’ production at average 2004 rates, […]

OPEC to Boost Oil-Output Quota in May and 3rd Qtr, Sabah Says

OPEC, which supplies of almost 40 percent of the world’s oil, will resume talks in the next seven days on boosting its oil-output quota by 500,000 barrels a day in May and will add another half million barrels to the quota in the third quarter, the group’s president said.

Gasoline may pass $2.25 a gallon

Oil prices rallied to a record close above $57 a barrel Friday, sparked by a surge in gasoline futures that could send the average retail cost of gasoline above $2.25 a gallon within a few weeks. Analysts said the nearly $2-a-barrel run-up in oil prices suggested there is new money coming into the market from […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy