Constraints Noted on US Gains in Gas Production

US producers expect to continue aggressive natural gas drilling programs this year in response to growing demand and higher commodity prices. But they warn that rising operating costs and the need to drill in increasingly complex formations that yield less gas per well will limit production gains. “To the extent we can do it, the […]

UCLA Researchers Produce Nuclear Fusion

A tabletop experiment created nuclear fusion Yahoo! News – AP

Richard Heinberg on Megaprojects Update

Can the world’s new oil projects match demand? Richard Heinberg comments on Skrebowski’s latest Oilfields Megaprojects Report and its implications for local and global security (or lack of it) and discusses the need for relocalization.EnergyBulletin.net

Experts highlight oil supply problems – Adam Porter

A conference on oil supply difficulties just held in Edinburgh, Scotland, witnessed a lively a debate about supply and demand in energy markets. Titled Depletion Scotland, the conference examined some of the realities facing energy producers and consumers today. Energy expert and American investment banker Matthew Simmons spoke about the need for greater transparency in […]

Cousteau Grandson Backs Windmill Park Plan

The grandson of marine scientist Jacques Cousteau is backing a proposal to build an energy producing windmill park in the Atlantic Ocean, four miles south of Long Island. “As we move into the 21st Century our continued dependence on carbon-based energy is totally unacceptable,” said Philippe Cousteau, president of EarthEcho International, a Washington, D.C.-based marine […]

Soft and flat? Danger!

Slow growth signs and flattening interest rates have economists and investors seeing trouble ahead. Not too fast and not too steep would normally be a good path to follow. Unless, of course, you are hiking in today’s land of economics. Then that path, to some, looks pretty scary. [editor’s note: This article doesn’t mention oil […]

‘Hello? Chavez Here, Imperialists Want Our Oil’

Telephone callers at Venezuela’s oil ministry are getting the low-down on the country’s oil strategy direct from President Hugo Chavez. “What is the reason for the imperialist aggression against our country? Venezuela is the world’s top oil reserve and the world’s oil is running out,” the short, repeated recording of a recent Chavez speech tells […]

Oil discoveries can’t satisfy needs

National Post (Canada): Even US$50 a barrel oil may not be enough to boost world supplies because there’s a lack of opportunity, the chief executive of Petro-Canada said yesterday. Ron Brenneman said most oil companies are struggling to replace the oil and gas reserves they are producing.

CIBC sees oil averaging $61 US a barrel in 2006

CBC News reports that CIBC World Markets sees oil averaging $61 US a barrel in 2006. Main quote: “…The expected rise in oil prices to $61 per barrel next year will likely be a prelude to an even tighter supply picture emerging over the balance of the decade,” Jeff Rubin, CIBC World Markets’ chief economist, […]

Energy myth: nary a scarcity with such standards

Paul Ehrlich may not be a household name but this troubadour of doom greatly has influenced the Left. His book, The Population Bomb, predicted disastrous famines. “In the 1970s and 1980s hundreds of millions of people will starve to death in spite of any crash programs embarked upon now,” he predicted. Peter W. Huber and […]

The next Iraq

Chavez of oil rich Venezuela is a strong critic of American policies and American President George Bush. He has recently taken steps to eliminate American oil companies influencing Venezuelan oil repositories. Venezuela has reached out to Brazil, Russia, India and China (BRIC alliance) for help, support and has offered its energy reserves to these countries

Bush to unveil energy proposals

President Bush will unveil new energy initiatives Wednesday, senior administration officials said, including plans to simplify nuclear power regulations, encourage clean-burning diesel cars and build new oil refineries on former military sites. The president will outline his proposals during remarks Wednesday at a conference of the Small Business Administration. Bush’s second energy speech in a […]

Malaysia Building First Biodiesel Refinery

The Malaysian Palm Oil Board (MPOB) and Golden Hope Plantations are partnering to build a biodiesel plant in Labu in Negeri SembilanGreen Car Congress.

Malaysian Biotech Firm Ups Palm Oil Yield 30%

Malaysian conglomerate Kumpulan Guthrie Bhd has launched its first commercial clonal oil palm, ABB1, which has the potential to enhance production yields by 30% compared with current seedling materials. Guthrie Biotech Laboratory, a wholly-owned subsidiary, produced the clonal oil palm. While the most successful commercial oil palm oil plantations yield some six metric tons of […]

And You Thought Oil Was A Worry

Oil prices are through the roof. OPEC is sitting pretty. Could things get any worse for energy buyers? You bet. There are troubling signs that natural gas producers are moving toward forming their own version of OPEC. While not an immediate threat, such a move could eventually drive up prices for an indispensable element of […]

Saving some green … As oil prices soar, consumers of renewable energy smile

For people like Ronald Cascio, who fuels his pickup with a soybean oil derivative, and J.D. Doliner, whose home is partly solar powered, the high price of energy isn’t a worry. That doesn’t mean their renewable energy preferences come cheap. In fact, it requires an extra financial commitment to wean one’s home or vehicle off […]

Environmentalists to challenge oil giant

Environmental activists will descend on ChevronTexaco’s annual shareholders’ meeting in San Ramon today, pushing two resolutions they hope will force the global oil giant to re-examine its ways.sfgate.com

Iranian Oil Minister Says Global Petroleum Markets Are Oversupplied !

PORT-OF-SPAIN, Trinidad (AP) — Global petroleum markets aren’t short of crude oil and may even be oversupplied, Iran’s oil minister said Tuesday. “I think the market is oversupplied,” Bijan Namdar Zangeneh told reporters during a natural gas conference in Port-of-Spain, Trinidad. “We have not difficulties on the supply side.”

Matt Simmons on BBC Radio4 re ME Reserves Overstated

Interview with Matt this morning on BBC Radio 4 Today program regarding ME reserves being overstated and PO. R4 Today interviews are held long term in an archive and can be retrieved under the ‘listen again’ feature. To assist retrieval, interview date and time was 0732 hrs Wednesday April 27, 2005. BBC Audio File – […]

Bush to Support Expansion of Nuclear Energy

President George W. Bush will on Wednesday throw his support behind a worldwide expansion of nuclear power and announce plans for a new generation of oil refineries and natural gas terminals in the US. The proposals, which will be made in a speech in Washington, are designed to help ease the capacity constraints that have […]

Pricey Oil’s Path to Your Pocket

There’s good news and bad news about superhigh crude prices. First the good news: By the time oil surges past $100 a barrel, the prices of consumer goods will likely have peaked and started dropping. And crude won’t hit the century mark tomorrow: The Goldman Sachs report projected that oil prices won’t see $105 until […]

Bush to Propose Oil Refineries at Ex-Military Bases

Under pressure over high energy prices, President Bush on Wednesday will propose tackling the root causes of the problem by encouraging new oil refineries be built at closed military bases and jumpstarting construction of new nuclear power plants. In a speech, Bush will also propose giving federal regulators the lead authority to decide where to […]

Saudis Call for Meeting on Oil Issues

Saudi Arabia’s Crown Prince Abdullah on Tuesday announced the kingdom will host a meeting in Riyadh during the fourth quarter to discuss oil issues between oil producing and consuming nations. Speaking at a dinner hosted by the U.S.-Saudi Arabian Business Council, the crown prince said the meeting was necessary “because of the great importance we […]

Saudi Production Growth Detailed in Paris Oil Summit

Large projects recently completed or under way in Saudi Arabia represent production capacity of 3 million b/d of crude oil, the kingdom’s energy minister said at an Apr. 21 meeting in Paris. At the 6th International Oil Summit, Saudi Petroleum and Mineral Resources Minister Ali I. al-Naimi also pointed to the growing influence on oil […]

Indonesia Denies Quitting OPEC

Indonesian Energy and Mineral Resources Minister Purnomo Yusgiantoro here Tuesday denied reports that Indonesia had sent a letter to the OPEC (Organization of Petroleum Exporting Countries) secretariat general to downgrade its status in the organization from member to observer.Xinhua Online

The Oil Fears Driving Bush Energy Agenda

IT WOULD be wrong to read the slight easing of oil prices on the markets yesterday as a sign that they will come down. That was no more than a nod of acknowledgement, a courtesy, if you like, to the meeting between President Bush and Saudi Crown Prince Abdullah at BushTimes Online

Changing tactics part of way drivers cope with added costs

Morris Barnes Jr. has been driving a cab for 28 years and knows the ropes. While the high price of gas hurts him, he said he feels it less than many of the younger cab drivers. But it still hurts him. Because of the high prices, more cabbies are parking and waiting for customers instead […]

China eyeing more LNG contracts in Australian gas fields

Chinese oil giants are in talks with Australian partners to import more Liquefied Natural Gas (LNG) and equity options in major Australian gas fields, the Chinese media today said. If the talks are fruitful, Chinese oil companies, including China National Offshore Oil Corp (CNOOC) and SINOPEC, may also buy equity in some of Australia’s largest […]

Hot financial markets giving rise to talk of collapsible mega-bubble

With the benefit of hindsight, reasonable people today agree technology stocks in the late 1990s became a monumental financial bubble. Five years from now, what will the reasonable people of 2010 recall as the great bubble of 2005? Or will they have trouble picking just one?

India beckons Land of the Rising Sun

After Chinese Prime Minister Wen Jiabao conducted his “most important trip of the year” to India, Delhi awaits yet another high-profile guest, set to arrive this Thursday. Japanese Prime Minister Junichiro Koizumi’s visit will add a new dimension to India’s “Look East” policy, one that offers more long-term opportunities for India than the “Middle Kingdom”.

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