Silicon Shortage Threatens Solar Energy Growth

As demand for clean energy continues to grow, the solar industry forecasts millions of photovoltaic systems will dot the landscape by the end of the decade. However, a severe shortage of the silicon used in the systems threatens to dampen solar’s growth. According to a recent solar-energy report from the nonprofit Energy Foundation, the U.S. […]

Saudi Have Tossed Aside OPEC Production Cap

Ali Naimi, Saudi Arabia’s oil minister, also said the kingdom had tossed aside its production cap set by the Organization of Petroleum Exporting Countries and is willing to sell its customers every barrel of oil they want, up to its current capacity of 11 million barrels a day. The planned increase in investment, Mr. Naimi […]

Bush Want to Kill Amtrak

Several senators on Thursday criticized President Bush’s proposal to give Amtrak no money next year, while the railroad submitted a request to Congress for $1.82 billion. http://story.news.yahoo.com/news?tmpl=story&cid=513&ncid=703&e=9&u=/ap/20050422/ap_on_go_ot/amtrak NOTE: Surreal.

China needs to build oil tanker fleet for security

As China becomes a large oil importer, experts say building the country’s own oil tanker fleet to ensure oil security in the future is an urgent task. The fleet should be capable of handling at least 50 percent of China’s total oil imports, Friday’s Beijing-based Economic Information Daily quoted shipping industry experts as saying Based […]

Quandary of Iran

Iran’s recent indication of setting up a petroeuro oil bourse can’t be overlooked. The change that Iran hints at might shift oil trade trend from petrodollar to petroeuro. Thus making euro an equal partner of dollar in the central banks of various countries across the world. If this is the case then American dollar hegemony […]

Oil Eyes $55 on U.S. Refinery Problems

Oil prices made further gains back toward $55 a barrel on Friday as traders said sustained demand and refinery outages could strain U.S. gasoline supplies ahead of peak summer motoring demand. U.S. light crude (CLc1) rose 50 cents to $54.30 a barrel, making a four-day rally that has added over $4 to prices. Oil is […]

Former Minister Says UK Energy Policy Should Be Major Election Issue

Britain

Antarctic glaciers in retreat from climate change

Most of the glaciers on the Antarctic peninsular are in headlong retreat because of climate change, a leading scientist said on Thursday. An in-depth study using aerial photographs spanning the past half century of all 244 marine glaciers on the west side of the finger-like peninsular pointing up to South America found that 87 percent […]

Venezuelan tax rate hike to adversely impact global oil companies

Analyst Mark Hume of JP Morgan expects the proposed tax rate hike in Venezuela to adversely impact the cash flow and investment valuations of the global oil companies operating in the country. In a research note published this morning, the analyst mentions that the Venezuelan government has decided to fully implement the New Hydrogen Law, […]

Bill revs oil-shale process

The sweeping energy legislation passed by the U.S. House on Thursday would accelerate oil-shale development in northwest Colorado. Page 904 of the thousand-page bill contains a provision that orders the Interior Department to start leasing its oil-shale reserves by the middle of 2007. The federal government owns 80 percent of the lands containing oil-shale reserves

Fears of global growth slowdown hit oil price

Oil prices on Thursday gave up some of the gains made earlier in the week as the market considered the speed of global economic growth and its likely impact on demand. Although an unexpected fall in crude and gasoline inventories on Wednesday gave the market some early support yesterday, the stockpile declines were put down […]

Greenspan: U.S. deficits imperil economy

Bloated budget deficits pose a danger to the nation

Oil importers urge investment in spare capacity

With crude prices persistently high and global demand growing, oil importing states urged exporting countries today to increase their production capacities and lift barriers to foreign investment. “Certain producer countries remain closed to international investors or offer them very unattractive conditions,” France’s energy minister Patrick Devedjian said as he opened an international conference of oil […]

Congressman Roscoe Bartlett Votes No on Energy Bill:

“I voted no because the energy bill falls far short of President Bush’s strategy to respond to the reality of threats to America’s economic and national security from our dependence upon cheap imported oil. Oil isn’t forever. It’s a finite resource. We are relying upon countries that don’t like us to sell us their oil. We’re competing against other countries to buy oil, such as China now the world’s #2 importer behind America. Increasing world demand and global peak oil, or stagnating production, means that oil prices will rise. The end of cheap oil is coming and coming fast. It is a tsunami we can predict that will have devastating consequences worldwide. The President recommends steps to meet this growing threat. I am hopeful the Senate bill and Conference will produce a final bill to implement the President’s vision that I can support.”

GlobalPublicMedia.com

Curmudgeon in the wild.

If the Devil himself wanted to design a perfect trap for attracting morons, he couldn’t have done better than this season’s New York International Auto Show at the Jacob Javits Center. NOTE:Eat This, Kunstler Haters.

Oil Tapping Out: Discoveries Dwindle

World oil production is set to peak in the next two years, at which point there will not be enough new projects coming on stream to offset global oilfield declines, according to a new study. The report, by the London-based Oil Depletion Analysis Centre (ODAC), shows there are 73 major oil projects under development around […]

Diesel-Electric Hybrid Could Fill Humvee’s Boots

For a transport vehicle to be all it can be, the Army says it needs to run far on a tank of gas and provide portable power. To meet this goal, the military is developing a hybrid Humvee alternative that could boost the market for combination combustion-electric vehicles. During last week’s Society of Automotive Engineers’ […]

Senate Set to OK $81B War Spending Bill

The Senate moved toward approving $81 billion for wars in Iraq and Afghanistan on Thursday in a measure that would push the total cost of combat and reconstruction past $300 billion.The Senate moved toward approving $81 billion for wars in Iraq and Afghanistan on Thursday in a measure that would push the total cost of […]

Key Republican: Energy bill is ‘Bullsh-t’

House Resources Committee Chairman Richard Pombo, R-California, a key proponent of drilling for oil in the Arctic National Wildlife Refuge in Alaska, whispered, “This is bulls–t,” to House Majority Whip Roy Blunt as the two men stood listening to Rep. John Doolittle, R-California, talk about the benefits of hydrogen fuel at a crowded Capitol Hill […]

Ex-Energy Minister attacks ‘gas-guzzling’ Americans

The former energy minister Brian Wilson will attack the United States next week for putting “two fingers” up to the rest of the world through its “profligate and irresponsible” consumption of fuel. Mr Wilson, who left government in 2003 and is retiring from politics at the general election, will tell a conference in Edinburgh that […]

Oil dry-up fears a myth, OPEC official says

Global oil reserves are in little danger of running out for many decades, and OPEC will continue to boost production as necessary to stabilize prices, a senior official of the group said Wednesday. “The problem in 2004 was we did not anticipate the strength of demand … it appears that in 2005 we are reaching […]

Bush Dashes Hope for Political Solution to Gas Prices

President George W. Bush made it clear Wednesday that U.S. drivers can expect no short-term political solutions that will deliver quick relief from sky-high gasoline prices. In a much-anticipated speech on energy policy that was pitched as the White House’s answer to runaway oil prices, Bush said he had no “magic wand” to prick the […]

Matters of survival in a ’shattered world’

This is the tragedy of our time: The very definition of what it is to be human is that we were unique among all the other animals on the African plain in that we had foresight. Our survival strategy was foresight, and it got us to where we are today. So now we have all […]

Energy: Choose your crystal ball

For as long as we can remember, experts have been talking about a looming energy crisis. Certainly, almost everyone recognizes that fossil fuels are a finite resource and that at some time society is going to have to transition to another source of energy. That concern, in part, was included as justification for President Eisenhower’s […]

West’s water troubles getting worse, officials say

Entering the sixth year of a record dry spell in much of the western United States is bad enough. But what really worries the head of the federal agency that delivers water to more than 30 million people and 10 million acres of farmland is what happens when the region’s precipitation returns to normal. “The […]

Saudi Oil Min: Kingdom’s Current Oil Output 9.5 Mln B/D

Saudi Arabia’s Oil Minister Ali Naimi pledged Thursday that the Kingdom would lift its oil exports to meet near-term demand, adding the flood of investment in oil futures from banks and pension and hedge funds had sharply curbed OPEC’s ability to cool prices. He replayed Saudi Arabia’s ability to spin open the spigots: “Saudi Arabia […]

Venezuelan proposed tax changes called ‘major blow’ to companies

Venezuela’s plan to increase the corporate income tax on oil companies to 50% from 34% would slash the values of multinational companies’ assets in the country, Aberdeen consultant Wood Mackenzie Ltd. said. “President [Hugo] ChOil & Gas Jopurnal

The End of the Days of Denial

Ford and GM bonds on the verge of Financial Sense Online (guest editorial)

Recoverable Oil May Add 43 Billion Barrels to U.S. Supply

A series of reports released from DOE indicate there is a potential to meet the demand for an energy thirsty nation by recovering over 43 billion barrels of additional oil from currently “stranded” oil resources in six regions of the United States, according to an announcement by the Department of EnergyScandinavian Oil-Gas Online

Seven Reasons Why the Bears Might Be Right

The stock market is poised at one of those very scary inflection points. From here, it could fall another 3% on the Dow Jones Industrial Average or another 8% on the Nasdaq Composite. Or it could rally back to its March highs for a gain of 8% on the Dow or 13% on the Nasdaq. […]

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