China promotes national energy strategy

China has set up a national energy group headed by Premier Wen Jiabao. Vice Premiers Huang Ju and Zeng Peiyan were named deputy heads. This was announced at the 1st meeting of the Chinese national energy steering board. Speaking at the meeting, Wen stressed that energy is an important strategic issue concerning China’s  economic growth, […]

How Saudi Arabia can double oil production

Saudi oil production capacity could grow from its current 11 million b/d to over 23 million b/d to meet world demand according to Saudi Aramco’s President and Chief Executive Officer Abdallah S. Jumah, confounding sceptics who believe that the Kingdom may be approaching, or even past, peak production. In a speech delivered at Rice University […]

OPEC may raise output, Iran against it

OPEC oil producers may opt to raise output when they meet next week due to rising political pressure, although Iran will lobby the cartel to trim oversupply instead, the country’s OPEC governor told a newspaper. Bucking the trend of members looking to leave production unchanged on June 15, Hossein Kazempour Ardebili said it wanted the […]

Mitigating a long-term shortfall of world oil production

Robert L. Hirsch, SAIC, Project leader; Roger Bezdek and Robert Wendling, MISI

peak in world oil production would subject the world to its first-ever sustained discontinuity in energy – a commodity essential to the functioning of the world economy. A number of knowledgeable experts forecast that peaking of conventional oil production will occur sometime within the next 20 years. Given today’s oil demand levels and usage patterns, such a forced disruption would have severe negative impacts on the economies of all oil-importing nations, perhaps the exporting ones as well. Viable mitigation options exist, but the timing of their implementation will be critical.

WorldOil

A Well-Oiled Regime

Saudi ArabiaForeign Policy

Spanish Forced to Ration Water

Water is being rationed in half of Spain to save it for domestic use, as parts of the country suffer the worst drought for 60 years. Weeks before the tourist season starts, swimming pools are empty, city fountains are turned off and golf courses ordered to reduce watering. Some reservoirs in the south-east are more […]

There’s No Oil Deal with US, Says Kingdom

Saudi Arabia has not signed any long-term agreement with Washington for supplying the United States with oil at fixed prices, according to Majed Al-Muneef, adviser to the minister of petroleum and mineral resources. Addressing a seminar organized by the Council of Saudi Chamber of Commerce and Industry in Riyadh, he said the reports about oil […]

Oil Addiction: The World in Peril

Totally addicted to oil, Man in his industrial adventure has transformed nearly all the EarthAbout The Author Pierre Chomat was a manager in the French petroleum engineering industry and actively participated in the development of oil facilities in a number of countries in Europe, Africa and Asia. He also served as a consultant to international […]

Report: 7 Percent Growth Seen in India

India’s economy is likely to grow by 7.2 percent in the current fiscal year despite rising world oil prices and U.S. interest rate hikes, a private industry report said Sunday. Growth of more than 7 percent in 2005-06 would make India the world’s second-fastest growing economy, after China, for the second consecutive year. Last year, […]

Keeping Up with Demand Saudis Pump More Oil

Saudi Arabia has boosted the amount of oil it pumps and will produce more to meet surging world demand, the kingdom’s petroleum minister said in a speech in San Francisco. Ali Naimi said his government remains committed to seeking stable oil prices. But in response to questions, he declined to say where prices will level […]

Hunting for ‘Elephants’ in Africa’s Oil Sector

Africa is being eyed anew for potential “elephants” in the oil and gas sector, riding on the back of soaring oil prices, the depletion of resources elsewhere and newfound stability in many countries, experts say. Governments on the continent are opening up and even those which had been producing oil for decades are saying that […]

Stop The World So The West Can Get Off

Are the traditional Western capitalist economies, which felt so comfortable in their success only a few years ago, about to be outstripped by the rapid growth of China and India? What does this mean for how we work – and whether we work – in the future? “We’re in a transition,” says Ketan Patel, who […]

25% Nuclear Energy Necessary for Economic Growth: AEC (India)

Even as the country is targeting to generate 20,000 megawatts (MWe) of nuclear power by 2020, Atomic Energy Commission (AEC) Chairman Anil Kakodkar today cautioned that India’s economic growth would be in jeopardy unless in the next five decades at least 25 per cent of its total electricity was derived from ”nuclear mode.” Delivering the […]

Crisis Warning as UK Energy Costs Set to Soar

Electricity and gas futures prices have hit record levels for this winter and are set to land Britain with Europe’s biggest energy bill. Household electricity bills could rise by almost a fifth over the next 12 months while industrial users face a massive 60 per cent increase, according to the energy information consultancy EIC. Industrial […]

Alternative to Deep Burial of Nuclear Waste is Considered

As the Energy Department falters in its effort to bury nuclear waste at Yucca Mountain in Nevada, the nuclear industry and Congress are taking steps toward a radically different storage strategy: putting the waste in huge casks that could be parked in a handful of high-security lots around the country for decades. That idea advanced […]

OPEC Oversupply Not to Affect Prices

IranIran Daily

Indonesia Says OPEC May Increase Output Quota at Vienna

The Organization of Petroleum Exporting Countries will maintain its current crude oil production ceiling, or may even increase it, when the group meets next month, Indonesia’s Minister of Energy and Mineral Resources Purnomo Yusgiantoro said Sunday. There is no need for OPEC members to cut their output as demand for oil is expected to increase […]

Oil Shale Deposits Generate New Buzz as Energy Source

The massive oil shale deposits have been called Saudi Arabia in the Rocky Mountains, and billed as the solution to the nation’s energy woes. But those who lived through the oil shale boom in the 1970s and its collapse in the early 1980s are tempering their optimism with a dose of caution. “This isn’t our […]

UAE Oil Min: OPEC Can Meet Any Surprise Oil Demand Hike

“Looking at the future outlook, projection of oil and gas developments clearly indicate that world energy needs will continue to rise, due to strong growth in the world economy, increasing world population and improvement in the standard of living in formerly deprived regions”, he said. This is expected to result in higher world oil demand […]

Companies cash in on synthetic coal credit

Tax loophole created during the 1970s still on the books Imagine a weekend at the Marriott Hotel in Washington, D.C., or the Hilton Las Vegas Henck should know. He’s an IRS attorney who says the synthetic fuels program began as a noble effort but has turned into a corporate give-away. “These people are given the […]

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Kunstler

Satellite Toll Plan to Make Drivers Pay by the Mile

British motorists face paying a new charge for every mile they drive in a revolutionary scheme to be introduced within two years. Drivers will pay according to when and how far they travel throughout the country’s road network under proposals being developed by the Government. Alistair Darling, the Secretary of State for Transport, revealed that […]

Peak Energy: A Reply to Kevin Drum, Part 1

Kevin Drum has posted a sequence of 5 posts on peak oil and appears to all intents and purposes to be a Hubbert curve believer, or more accurately a believer in the doom-n-gloom predictions of many who use the Hubbert curve. I’ll look at each of his five posts and comment on each one. This […]

Demand Soars for Gas-Electric Automobiles

The gas-electric cars may have started out as a fad six years ago, but they appear to have staying power in the market even though they cost several thousand dollars more than conventional gas-powered models. Waiting lists are so long that many customers are paying extra just to move ahead in line. Others are paying […]

Army Faces Looming Recruiting Crisis

Whether the Army can fulfill its recruiting goals will depend on the efforts of its 7,500 recruiters nationwide. “The reality is that it is going to be hard to get out of Iraq,” said Pena. “We’re on the verge of a recruiting crisis — we’ll just have to see how it all unfolds this summer.” […]

We Can See, But Not Far Enough

Human beings are notable (according to other human beings, mostly anthropology professors) for a sizable brain, for walking upright and for using tools. But when we try to act collectively, we don’t always show the wisdom one might expect of the planet’s primo primate. In his book Collapse: How Societies Choose to Fail or Succeed, […]

India, Pakistan Discuss Pipeline Projects

LAHORE, Pakistan – India’s oil minister began a visit to Pakistan on Saturday to discuss importing natural gas from Iran and Turkmenistan via this Islamic nation. Mani Shankar Aiyar, India’s petroleum and natural gas minister, was scheduled to meet with his Pakistani counterpart, Amanullah Khan Jadoon, and other officials during his four-day visit. “We want […]

Andrew McKillop: Getting ready for the last oil wars … writing on the wall

VHeadline.com oil industry commentarist Andrew McKillop writes: Experts will forever discuss and dispute the causes of previous wars, both local and civil, either ethnic or religious, for resources or to deny resources to enemies, and will always disagree on the causes of VHeadline

Clinton

In answer to a question about managing China’s transition to global powerhouse, Clinton said it’s crucial to (among other things) create a new generation of high-tech, high-wage jobs. What jobs? “Clean energy.” Ira Flatow then responded that he had 8 years to advance smart energy policy, and he didn’t (though less bluntly put). Clinton had […]

How Saudi Arabia can double oil production

At the end of 2004, Crown Prince Abdullah inaugurated Saudi Aramco’s Qatif project, north of Dhahran. This has increased production capacity by 800,000 b/d. Some 500,000 barrels derives from onshore extraction and 300,000 barrels from the offshore Abu Safah field which is part of the Qatif production project.

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