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IEA Urges Members To Prepare Blackout Prevention Plan

Energy planners should draw on the experience of Brazil, Canada, the U.S and New Zealand to learn how they can curb electricity demand in the event of a temporary supply gap, the International Energy Agency said Tuesday. The recommendation is part of a study called “Saving Electricity In A Hurry” – released by the energy […]

Bolivian president resigns

Bolivian President Carlos Mesa resigned amid angry street protests demanding nationalisation of the country’s natural gas sector. “It is my responsibility to say that this is as far as I can go,” the president said on national television.

Pakistan, India form joint group to help launch pipeline plan

Islamabad and New Delhi on Monday formed a joint working group to get the Iran-Pakistan-India gas pipeline project

Looking for Equilibrium in Oil’s Hubbert Hysteria

by history and science, that just as oil displaced coal, which displaced wood as the energy source of choice, so we will see oil displaced.

G8 to Mull Incentives for Refineries – FT

The Group of Eight industrialized nations will consider next month whether to grant tax breaks to oil companies to spur investment in new refineries, the Financial Times (FT) reported on Tuesday. U.S. oil prices have climbed back near to record highs over $55 a barrel, fueled by fears that already stretched global oil refiners will […]

Oil Field’s Falling Production Reflects U.S. Trend

Oil keeps flowing through a maze of aging wells, pumps and pipelines that poke through the snow on this desolate North Slope tundra. But this vast field is ailing: Output has fallen by nearly 75 percent from its peak in 1987 and is expected to continue dropping. The Prudhoe Bay field sprawling over an area […]

Drought Knocks Off a Third of Spain’s Wheat Crop

Spain had the driest September-to-March period this year since records started in 1947, and there has been very little rain since then. European traders said on Monday prices were rising because of expected extra demand from Spain. Like its parched neighbour Portugal, Spain has asked the European Union for drought relief. The Agriculture Minister has […]

Peak Oil, Saudi Arabia (Interview with Matthew Simmons)

SPK: There has been a lot of talk about Saudi Arabia’s spare capacity, just how much do they have. Do you believe they have spare capacity and if so, what do you think it is? MRS: If they have any spare capacity left it would have to be in Safaniya, which is the big offshore […]

New Report Examines 100 Years of Changes in US Agriculture, Farm Policy

The structure of farms, farm households, and the rural communities in which they exist has evolved markedly over the last century. In a new report, “The 20th century transformation of US agriculture and farm policy,” the USDA’s Economic Research Service (ERS) takes a look back at the century that was. In the introduction to the […]

Power Demand Hits Record 114,800 MW In East, Midwest US

Power demand in PJM Interconnection, the electrical system covering 13 eastern and midwestern states, hit 114,800 megawatts Monday afternoon – a worldwide first for a centrally dispatched system, grid operator PJM Interconnection LLC (PJM.XX) said in a release. The region had adequate power supplies and backup capacity to meet that demand and is expected to […]

Shell Predicts Two Decades of Rising Energy Prices

Worldwide energy prices are set to rise over the next two decades as individual countries become more concerned about ensuring security of supply and governments take a more pro-active role in dictating energy policy and regulating markets, according to the latest global outlook from the oil giant Shell. Its “global scenarios” report, the first to […]

Yukos ‘Not Last Case’ Top Prosecutor Warns

Prosecutors intend to bring charges against other oligarchs besides former Yukos CEO Mikhail Khodorkovsky, a top prosecutor said in televised remarks late Sunday. “We’ve got plenty of cases in the cartridge clip,” Deputy General Prosecutor Vladimir Kolesnikov told an NTV news show. Referring to the highly politicized trial of Khodorkovsky and his business partner Platon […]

Wal-Mart Testing Company Gas Stations

Wal-Mart Stores Inc. is quietly testing company-owned gas stations at a handful of its U.S. stores, a move that could stall its partner Murphy Oil Corp.’s fast-growing gas station business. Wal-Mart currently has more than 800 Murphy gas stations in the parking lots of its stores, and the oil company expects to open 100 more […]

EIA To Trim China Oil Demand Forecast, But Remains Bullish

The federal Energy Information Administration is set to lower its 2005 estimate of Chinese oil demand in its latest Short-Term Energy Outlook, due out Tuesday, EIA analysts said Monday. The analysts declined to provide specific figures ahead of the report’s official release, but said recent data have led them to conclude that Chinese oil demand […]

Green Diesel: New Process Makes Liquid Transportation Fuel From Plants

University of Wisconsin-Madison College of Engineering researchers have discovered a new way to make a diesel-like liquid fuel from carbohydrates commonly found in plants. Reporting in the June 3 issue of the journal Science, Chemical and Biological Engineering graduate students George Huber, Juben Chheda, Chris Barrett and Steenbock Professor James Dumesic detail a four-phase catalytic […]

OPEC Says May Raise Oil Output Limits

Riyadh has already said it is willing to produce as much as its customers want, but has stressed it can do nothing to resolve the refinery bottlenecks that are pushing up petroleum product prices. OPEC member Algeria said it could see no point in raising supply limits when producers already were at capacity. “Why should […]

U.N. Urges ‘Green’ Planning for Burgeoning Cities

From Bondi Junction in Australia to Bindura in Zimbabwe, millions marked World Environment Day on Sunday by planting trees, picking up litter and staging rallies aimed at making cities cleaner and greener. By 2030, more than 60 percent of the world’s population will live in cities, up from almost half now and just a third […]

Bolivian protesters vow to go on

Demonstrators in Bolivia have rejected calls by the widely respected Catholic Church to end their protests. Thousands are expected to march on the main city, La Paz, on Monday where they plan to hold a popular assembly.

Ukraine Plans to Import Oil From Saudi Arabia

Ukraine’s prime minister has told a visiting Saudi delegation that her country is willing to import oil from the Kingdom and take other measures to correct the balance of trade which tilts heavily in Ukraine’s favor.It is the first time ever that Ukraine has offered to import Saudi oil as part of its move to […]

Oil pipeline joint venture

SEVEN companies from Bulgaria, Greece and Russia have agreed to form a joint venture to build the Bourgas-Alexandroupolis oil pipeline that will take Russian oil from the Caspian to the Aegean Sea. It will allow Russian oil from the Caspian Sea to be transported from the port of Novorossiisk on the Black Sea by tankers […]

Fast economic growth fuels nation’s energy crunch

China’s economy will continue to be hampered by inadequate supplies of energy, even though the government is stepping up efforts to construct energy and transportation facilities. Why? Because it will take a lengthy amount of time to complete such projects.

Aiyar to talk on pipeline extension to China

Petroleum minister Mani Shankar Aiyar will visit China in November and may discuss the possibility of extending the proposed Iran-Pakistan-India pipeline to south of China. In addition, India may also explore the option of buying natural gas from Qatar through the undersea pipeline enroute Pakistan. At present, India is importing 5 mtpa liquefied natural gas […]

Crude oil prices gain above US$55 on start of hurricane season

The fact that U.S. refineries are already running close to the maximum and Sunday’s airing of the U.S. television docudrama “Oil Storm” depicting the scenario of US$150-a-barrel crude due to a hurricane paralyzing Gulf production and terrorism hitting Saudi Arabia, “might … raise the fear premium in oil traders’ heads,” it said, adding: “The whole […]

Oil Forecasting Legend Paints Dire Energy Picture

While Matt SimmonsResourceInvestor

Warning from Gore on future

When former Vice President Al Gore gave a long list of doom-and- gloom statistics Saturday about global warming — warning people that rising sea levels could drown out parts of Florida, Louisiana and Manhattan — there were no loud gasps or headshakes of disbelief from a roomful of Bay Area environmentalists. http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2005/06/05/GORE.TMP

Chain gangs raid Ford 4×4 dealers

Eleven climate change protesters were arrested yesterday after chaining themselves to Land Rovers at the start of a national campaign against ‘gas guzzling’ four-wheel drive vehicles. At dawn up to 1,000 Greenpeace activists stormed Ford dealerships across the UK and attached wheelclamps on sports utility vehicles or handcuffed themselves to their steering columns.

Australian farmers battle drought, no end in sight

Swirling clouds of fine, brown dust engulf the small truck as Chris Groves hauls the feed bin into a dry-as-a-bone paddock and 200 crying, pregnant ewes race to the grain spilling onto the parched earth. It is their first feed in two days and it is survival of the fittest as the sheep race to […]

A passion for oil energizes Venezuela

The courtyard inside Venezuela’s legislative palace rumbled like a baseball stadium on opening day. Hundreds of demonstrators, bused in from the farthest reaches of the country, surrounded the congress, holding banners and chanting pro-government slogans. But when a towering suit-clad figure stepped from a vehicle and headed towards the entrance, the crowd burst into an […]

Brazil, Chile, Argentina To Sign Peru Pipeline Protocol

Brazil, Chile, Argentina and Uruguay on are set to sign a memorandum of intent Tuesday to study building a regional energy loop in which natural gas from Peru’s large Camisea field would flow via pipelines to Chile and from there to neighboring countries, an official at Brazil’s Mines and Energy Ministry said late Friday.

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