Climate change threat to gardens

The English country garden is unlikely to survive in the South East beyond the next 100 years, scientists say.Climate change means the rolling lawns and herbaceous borders of Surrey, Kent, Hampshire and Sussex may be replaced by olive groves and grape vines. BBC

Bipartisanship Key to Senate Version of Energy Bill

“The bipartisan bill coming to the Senate is much better” than previous versions, said Sen. Richard Durbin, D-Ill., at a press briefing. But Sen. Byron Dorgan, D-N.D., said: “I hope the U.S. Senate will go even further.” Dorgan is a member of the Senate Energy and Natural Resources Committee. Democrats are expected to press for […]

Oil Watch

So….demand is expected to increase by 1.78 million barrels per day, but OPEC can increase its production by only 700,000 to 800,000 barrels per day. That means the rest of the world needs to increase its production by a million barrels a day. That’s probably not a problem. For this year anyway. But it’s going […]

Bush’s Answer to Global Warming: Soybeans

Nashua Telegraph

Saudis Vow to Keep Spare Oil Capacity

Top world oil exporter Saudi Arabia will work to keep spare supply capacity of at least 1.5 million barrels per day, but its ability to curb price rises is now limited, Saudi Oil Minister Ali al-Naimi said. US President George Bush, who will meet Saudi Arabia’s de facto leader Crown Prince Abd Allah on Monday, […]

OPEC’s Ability to Influence Prices

VIENNA, Austria (AP) — OPEC’s credibility as a force with enough pull to bring down stubbornly high oil prices was on the line Tuesday as oil ministers began arriving ahead of a key meeting in Vienna this week. The Organization of Petroleum Exporting Countries — beset by prices hovering around US$53 a barrel — is […]

Warning: The Hydrogen Economy May Be More Distant Than It Appears

In presidential campaign of 2004, Bush and Kerry managed to find one piece of common ground: Both spoke glowingly of a future powered by fuel cells. Hydrogen would free us from our dependence on fossil fuels and would dramatically curb emissions of air pollutants, including carbon dioxide, the gas chiefly blamed for global warming. The […]

US Warns Pakistan of Sanctions Over Indo-Iran Gas Pipeline

Amid Indo-Pak efforts to firm up the India-Iran gas pipeline project to be laid through Pakistan, the US has reportedly cautioned Islamabad over the likelihood of facing sanctions if it went ahead with the $4 billion project disregarding WashingtonFinancial Express

Oil Industry ‘Struggling to Find New Reserves’

THE international oil industry is struggling to discover enough new oil reserves, despite surging global demand for crude oil, a study by Wood Mackenzie, the energy consultants, reveals. In the face of steady annual increases in demand for oil over the past decade, the WestTimes Online

Libya to Pump Extra 300,000 B/D from Late 2005

Libya’s Oil Minister Fathi bin Shatwan said Monday that he expects the country to hike its crude capacity some 18% before the year is out, but is currently pumping at maximum. Speaking to Dow Jones Newswires as he departed Tripoli for an Organization of Petroleum Exporting Countries meeting here, Shatwan said: “At the moment, we’re […]

Northwest stock price tumbles on wave of bad news

Northwest Airlines Corp. shares plunged more than 12 percent today as investors in the nation’s fourth-largest carrier were buffeted by several pieces of bad news. A $50 each-way fare increase aimed at business travelers failed when other carriers failed to match it. Regulatory filings show that Northwest chairman Gary L. Wilson has now sold nearly […]

Volvo Trucks Researching Fuel Cell Technology

Truck maker Volvo AB and Norwegian oil company Statoil ASA are starting a joint venture to develop hydrogen-powered fuel cells to run highway trucks, a key issue for freight drivers in North America. The research could lead to trucks that operate with fuel cells within 15 years, said Goran Wirmark, a spokesman for Volvo’s technology […]

Innovation lacking in high-tech world of oil

So how will new technologies emerge before conventional oil reserves run out? Is the industry currently doing enough to develop new technologies? And how close are we to the Oil & Gas Journal

Crude Oil Surges $2 as Refiners Try to Meet Growing Fuel Demand

June 13 (Bloomberg) — Crude oil rose more than $2 a barrel in New York on concern that refiners will be unable to meet surging global demand for distillate fuels such as diesel and heating oil. “Outside of the U.S. diesel is becoming the fuel of choice,” said Rick Mueller, an analyst with Energy Security […]

Higher Output May Not Ease Prices – OPEC

OPEC producers, considering lifting oil output limits, said on Monday they had little left in their armory to rein in prices now at $54 a barrel. The Organization of the Petroleum Exporting Countries is struggling to contain prices that it worries are too high for the economic growth required to sustain rising world energy consumption. […]

Where Twilight in the Desert Is a Bit Off the Mark…

It does not explain in sufficient detail what the results of the effort mean to the rest of the world. We are at a time when the Russian production levels of oil are stalling before beginning to drop again, when the countries of South America are seeing their major fields go into decline; where China, India, Europe and the United States are searching for new reserves to meet their growing needs, and where the North Sea and North Slope oil production sink further and further into depletion.

Forget the increasingly irrelevant arguments about the proper mathematical descriptions for the true shape of Hubbert

Asia LNG prices may rise

Liquefied natural gas prices in Asia may rise more than 75% over the next five years, increasing costs for companies such as Korea Gas Corp and China National Offshore Oil Corp, on higher US demand. Asian buyers may pay as much as $8 per million British thermal units by 2010, from the regional average of […]

G-8 says `vigorous action’ needed to counter slowdown

The Group of Eight industrial nations said “vigorous action” is needed to insulate a weakening world economy from high oil prices and imbalances in growth and trade. “Growth is expected to remain robust, although at a more moderate pace in 2005,” the G-8’s finance ministers said yesterday in London.

China fits into pipeline vision

Iran has agreed to explore possibilities of extending the 2,600-km Iran-Pakistan-India pipeline to China, Union petroleum minister Mani Shankar Aiyar said here today.

China braces for summer power shortages

China saw an acute tension between electricity supply and demand last year with some regions even experiencing power outages and supply restrictions at peak times. With the arrival of summer – when power usage peaks due to air conditioner use – whether China can ensure a secure, stable and reliable power supply has become a […]

A perspective on Venezuela’s Extra Heavy and Bitumen hydrocarbons reserves

View this paper in PDF format here. After almost two decades of successful development and marketing of the new and unique Venezuelan fuel for the power industry, the future of Orimulsion is unclear. PDVSA decided in August 2003 that it was dissolving Bitumenes Orinoco S.A. (BITOR) into PDVSA

Phasing out nuclear power will fuel blackouts, says expert (UK)

THE senior civil servant who headed renewable energy policy in Scotland for 10 years is forecasting “social and political unrest” unless nuclear power stations are retained and even upgraded to provide back-up to wind farms. Blair Armstrong, who ran Scottish Enterprise’s Power Generation and Renewable Energy division until he retired in January this year, believes […]

Cairn’s India drilling extended

Edinburgh-based oil firm Cairn Energy has had a key exploration agreement in India extended by 18 months. Cairn said that the extra time should allow it to close in on new crude oil deposits in its most valuable fields. About 80% of Cairn’s stock market value is based on oil deposits in Rajasthan, for which […]

Putin wooed on climate change plan

Tony Blair will today seek the backing of President Vladimir Putin in Moscow for Britain’s ambitious plan of action on climate change, despite worsening relations between Britain and Russia, the prime minister’s official spokesman said yesterday. Mr Blair initially had very warm relations with Mr Putin but they have deteriorated amid signs of a clampdown […]

Pump prices bounce higher

Texas gasoline prices have rebounded sharply after five straight weeks of declines, according to a new AAA Texas Weekend Gas Watch survey released Friday. The crude oil price at near $55 a barrel this week “indicates the end of lower gas prices for the immediate future,” AAA Texas spokeswoman Rose Rougeau said.http://www.chron.com/cs/CDA/ssistory.mpl/business/energy/3220937

When it comes to Africa, Bush has more on his mind than aid

For the United States, the balance sheet of what comes out of Africa far outweighs what goes back in. Oil, raw materials and the expansion of the free market are the principal reasons the US engages in Africa, anything else is pretty much incidental. Chancellor Gordon Brown may have wrung significant support from the US […]

Thirst for energy leads U.S. down old path: Nuclear power

For two months, Ray Ganthner took to the road, visiting a dozen power companies to find out if his bosses should take a $100 million gamble. Asking executives “eyeball-to-eyeball” about their future generating capacity needs, he wanted to know just how serious utilities were about building a new nuclear power plant in the United States […]

Nuclear Power On The Menu As France And Italy Sign Energy Deal

France and Italy on Saturday signed a wide-ranging agreement on cooperation in the energy sector, including possible joint work on future nuclear projects, the French industry ministry said. The statement, signed at a meeting in the northern Italian city of Genoa, called for a joint approach to the European Union’s single market in energy, including […]

West tells Opec to raise oil output

Opec leaders meet in Vienna this week under strong pressure from the West to increase crude production and prevent prices surging through $60 a barrel. Oil prices closed above $53 a barrel in New York on Friday night, and analysts say fears of falling oil output from non-Opec producer Russia are adding to market jitters.

G8 wants tax on airline tickets to help world poor

Airline groups have condemned plans by the world’s richest countries to impose a tax on airline tickets to fund extra money for poor African countries – and make a gesture towards fighting climate change. Finance ministers from the G8 agreed at the weekend to look at using income from airline traffic to boost aid.

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