Electricity blackout brings chaos to Dubai

Lights went out, telephones were cut off and air-conditioners failed for several hours in Dubai yesterday, as the city was hit by widespread power failures. Officials reported that a sudden technical fault cut electricity in Dubai at about 9.45am. However, engineers succeeded in restoring power to 80 per cent of the city by 2pm, according […]

OPEC says it’s keen to increase investments

OPEC is keen to increase investments that would boost production of crude oil, and the group is considering joint ventures with the European Union in new oil refineries, its president said Thursday.  “We think we have the capability to secure supply to the market, especially in the third and fourth quarter of this year, without […]

The Oil Age is Over – Now shipping from UK

Hi there, We have bought a case of Matt Savinar’s excellent book “The Oil Age is Over” which we shipped over to England a while back.  These copies are now available for First Class and Air Mail shipping to the UK and Europe. Matt’s excellent book “The Oil Age is Over – What to Expect […]

‘Peak oil’ enters mainstream debate

A few years ago only a handful of geologists and academics were considering such a possibility.But now it appears even governments are taking a serious look at the subject.The question is occupying more and more minds around the world.It could happen soon. BBC

Oil May Rise On Concern Demand May Outpace Supply

Crude oil prices are more likely to rise than fall next week on concern that refineries can’t keep pace with growing demand for diesel, heating oil and other fuels, a Bloomberg survey showed. Nineteen of 44 analysts and strategists surveyed by Bloomberg, or 43 percent, said oil prices will rise next week. Seventeen, or 39 […]

North Sea Oil Output Dips

UK oil production fell by 17 percent year on year in March – a decline the industry said was at odds with renewed investment in the North Sea. Output slowed as the region revealed more evidence of its maturing fields, with figures from the Royal Bank of Scotland showing that combined oil and gas was […]

Oil Rises for First Session in Four on OPEC Output Constraints

Crude oil rose for the first day in four as investors said any promise of higher output from OPEC would be hollow because the group has little additional production capacity. The Organization of Petroleum Exporting Countries has a proposal to raise its output quota by 500,000 barrels a day, Sheikh Ahmad Fahd al-Sabah, the group’s […]

Peak Oil discussed on BBC Radio 4

Colin Campbell features in a 10 minute discussion over “peaking oil production”.  The common view expressed is that, irrespective of when the oil peak occurs, we need to switch to alternatives ASAP.

BBC Radio (Audio)

22 and a half minutes in…..

The Critical Need to Examine More Carefully The Role of LNG

As a result of soaring oil prices, the U.S. currently is more focused on energy issues than at any time since the 1970’s. While higher oil prices are the immediate catalyst for this interest, however, dependence upon imported oil is not the only or even necessarily the most important energy-related threat to the U.S. economy. […]

Oil Futures in Full Contango

For the first time on the New York Mercantile Exchange the futures price of Light, Sweet Crude Oil was in full contango. Contango is a condition in which distant delivery prices for futures exceed spot prices. It can only mean that the market thinks that oil in the future will be higher than it is […]

Energy Tech Draws MIT’s Eye

MIT has established an Energy Research Council that will develop an outline for a university-wide plan for promoting research and engineering projects geared at alleviating the looming energy crisis. The group consists of academics from various MIT departments; an initial assessment will come February 1.CNET

IAEA Challenges U.S. Uranium Accusation

Iran’s insistence that it has not produced weapons-grade uranium The Globe and Mail

US Energy Secretary Encourages OPEC to Raise Oil Output

The U.S. wants the Organization of Petroleum Exporting Countries to increase its oil production when it meets next week in Vienna, U.S. Energy Secretary Samuel Bodman said Thursday. “Obviously, we would encourage, have encouraged and will encourage increases in production to the extent that it’s possible,” he said. “We are in relatively constant touch with […]

Tropical Disturbance to Threaten US Gulf Energy Rigs

A tropical disturbance over the western Caribbean Sea is likely to become the first named tropical storm of the season and possibly even a weak hurricane, according to Jim Roullier, chief meteorologist at Planalytics. “The formation of the first tropical system of the 2005 hurricane season appears likely over the next few days and will […]

OPEC Exports -290,000 B/D to June 25 Vs 4 Weeks Ago – Analyst

OPEC crude shipments are set to drop for the second consecutive week by 290,000 barrels a day in the four weeks to June 25, but aren’t expected to fall much further, a leading tanker tracker told Dow Jones Newswires Thursday. Exports of oil from the Organization of Petroleum Exporting Countries fell to 24.14 million b/d […]

Shell Publishes First Ever Oil Reserves Report

The Royal Dutch/Shell Group has published its first ever oil and gas reserves report in an attempt to reassure investors that the accounting of its resources fully complied with US regulations. Shell explained in detail how it counted reserves, and considered them proved, in a a 42-page report, borne out of the reserves scandal that […]

Foreign Policy Experts

The latest issue (July/August 2005) of The Atlantic, a U.S. current affairs magazine, asked six foreign policy strategists to conduct mock wargames assuming a North Korean nuclear crisis. The six strategists took roles of officials of major agencies such as the National Security Council (NSC), the equivalent of South Korea

Millions ‘hit by global warming’

Millions of people in England and Wales are being seriously affected by pollution and global warming, the Environment Agency says.A major report by the agency praises air and water quality improvements but says we must plan for climate change.The “green health check” says flooding and extreme weather will be among Britain’s biggest problems.Called A Better […]

Gerontology & PO

The world is growing gray fast. The elderly population is expanding at a rate of 2% a year; by 2050 there will be more people over the age of 60 than under 15. Nowhere is the trend more pronounced than in developed countries, where increasing life expectancy and decreasing fertility rates will elevate the median age from 39 to 46 in the next several decades. And with more and more people settling in cities–and growing old there– municipalities around the planet are facing unprecedented challenges in providing accessible transportation, affordable health care and appropriate housing for their older citizens. Forbes

For Airlines, Seasons Change, Woes Remain

Warmer weather and the approach of summer are doing what they’re supposed to do for the airlines: heating up passenger traffic, revenue and share prices. But recent good news, and expectations for busy summer travel, won’t give the industry a vacation from the high fuel costs and tough competition that are expected to cause hefty […]

PETROLEUM MINISTER MEETS AZERBAIJAN PRESIDENT ILHAM ALIYEV (India)

The Indian Minister for Petroleum and Natural Gas Mr. Mani Shankar Aiyar this afternoon called on the President of Azerbaijan, Mr. Ilham Aliyev. Mr. Aiyar who is in Azerbaijan to attend the 12th International Caspian Oil and Gas Conference, conveyed to the President IndiaPIB

Global electricity grids strained

Electricity supply in developed countries is straining to cope with demand, an International Energy Agency (IEA) report suggests. In a report called ‘Saving Electricity In A Hurry’, the agency predicts there will be outages like those experienced in the United States, Japan and Canada.

BBC

Export of Russian Oil to China to Rise 1.5 Times

Export of Russian oil to China in 2006 will be 1.5 times bigger than in 2005, the president of China National Petroleum Corporation, Chen Geng, said on Thursday.Speaking at the second Russian-Chinese Investment Forum in St. Petersburg, he said the export of Russian oil to China in 2005 will be over 10 million tons. In […]

The rise, fall and rise of Brazil’s biofuel

As oil prices continue to hover above the $50-a-barrel mark, amid fears that the world may soon run out of fossil fuels, carmakers and politicians alike are desperate to come up with alternative ways to power the world’s motor vehicles. Even a man as closely linked with the oil industry as President George W Bush […]

Drought area widens. (Australia)

The drought continues to worsen across south-east NSW. The lower far south coast has now been added to the list, which will allow farmers in the area from Brogo to the Victorian border to qualify for extra Government help. The State Government has revealed that more than 90 per cent of NSW is now officially […]

25 mpg won’t end US energy problem

So long as its love affair with the gasoline automobile continues, the US can’t do without foreign oil. The government could, however, require manufacturers to increase the efficiency of new vehicles by tightening rules requiring minimum mileage per gallon for certain categories, such as SUVs. The government could also encourage automakers to produce more fuel-efficient […]

Venezuela tallies up total it says oil companies owe

Venezuela, the world’s fifth-largest oil exporter, said international oil companies operating in the country may owe more than $3 billion in back income taxes. Tax Superindendent Jose Vielma said at a news conference Wednesday in Caracas that a preliminary audit of the first three private companies running fields for the state oil company, Petroleos de […]

Ex-oil lobbyist watered down US climate research

 former oil industry lobbyist edited the Bush administration’s official policy papers on climate change to play down the link between greenhouse gas emissions and global warming, it was reported yesterday. Documents released by a watchdog group, the Government Accountability Project, show that as chief of staff for the White House council on environmental quality, Philip […]

A Healthier Glow for Nuclear Power?

For decades now, any notion of expanding our national use of nuclear power has been dead on arrival. For those few souls intrepid enough to suggest a new plant, a blizzard of regulations, protests, and lawsuits often render the idea all but irrelevant. But that could be about to change. The present administration is certainly […]

Russia, Ukraine Fail to Agree on Gas Prices, Dispute Escalates

On Wednesday, June 8, Ukrainian officials failed to agree on natural gas prices with Russia

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