Not if, but when, on $80 oil!

Heading Out writes: It would be a lot easier if the discussion on whether or not we will see $80 a barrrel oil this year, and $3.50 a gallon gas, depended only on the availability of the refined product. Unfortunately it does not. As Alaron points out this is the earliest that we have had a

Getting Deep Gas Right Instead of Getting LNG Wrong

The US energy jones is about to start getting really nasty. The petroleum industry and the government, having totally misunderstood as recently as 2000 what was going to happen to the natural gas supply beginning now, are really panicked.  Several dozen crash LNG projects are all on the fast track, being considered by good old […]

Oil and Economic Crash Possible This Winter

The “oil crisis” may be much closer than most thought. It may be less than six months away. Matt Simmons, CEO of Simmons & Company International (an investment banking consultant firm to the energy industry) recently stated that Oil ‘will hit $100 by winter’. A forty dollar a barrel rise in oil in six months […]

AND THE BAND PLAYED ON – Michael Ruppert

Roscoe Bartlett Meets Bush on Peak Oil By Michael C. Ruppert July 1, 2005 0800 PST (FTW) — Well, this is a real head scratcher. A story pops up today saying that Congressman Roscoe Bartlett of Maryland just had a private one-on-one with George W. about Peak Oil. I spent just over an hour with […]

More Than 12 Percent Of Gulf Oil Production Shut Down

A government agency says almost 13 percent of the Gulf of Mexico’s daily oil production was shut off Wednesday because of production platform evacuations forced by Tropical Storm Cindy.The New Orleans Channel

Oil Approaches $61 as Tropical Storms Threaten U.S. Supply

Crude oil approached $61 a barrel in New York after Tropical Storm Cindy disrupted shipments along the U.S. Gulf coast and another storm threatened the region. Gasoline and heating oil rose to a record as refineries shut. Tropical Storm Dennis may strengthen to a hurricane today, becoming the earliest ever to form in the Atlantic, […]

Two Louisiana Refineries Hit By Outages

Electrical power outages in the New Orleans area caused by Tropical Storm Cindy affected at least two Louisiana refineries early on Wednesday morning, according to company spokeswomen. Operations at Chalmette Refining LLC’s 187,000 barrel-per-day (bpd) refinery in Chalmette, Louisiana, were disrupted early Wednesday morning, a spokeswoman said. Chalmette spokeswoman Nora Scheller did not have information […]

Wakeham sees upside from warming

Siberia will become a “rather nice place to live” and Europe will benefit “on balance” from global warming, says ex-Enron director Lord Wakeham. They also urge a “thorough review” of the climate change levy and a move to replace it with a carbon tax. “The important thing is to wean the international negotiators away from […]

GM sees record car sales in China

General Motors has reported record sales in China, moving the US giant closer to German rival Volkswagen in the world’s third-biggest car market. GM said it sold 308,722 vehicles in the first six months of 2005, up 18.9% on the previous year.BBC

US evangelicals boost green lobby

Environmentalists are blaming US President George Bush and his friends in the energy industry for wrecking a G8 deal on global warming before he has even boarded the plane to the summit in Gleneagles. Coming from his usual critics, this is unlikely to trouble the president as he heads for the summit, but he faces […]

Iran to export natural gas to China from 2009

“The contract to export Iran’s natural gas to China has been finalised and it is expected that 10 million tonnes of LNG will be exported starting from 2009,” Deputy Oil Minister Hadi Nejad-Hosseinian said Tuesday.

New Kerala

Who’s in the Army Now?

As we’re often told, 1 million men and women serve in the U.S. Army. So, why is it such a strain to keep a mere 150,000 in Iraq? What are the other 850,000 doing? Why can’t some of them be sent there, too? And if they really can’t be spared from their current tasks, what […]

The Saudi Facade

Three months ago, when gas prices hit $2 and oil was at more than $50 a barrel, the administration said relief would come because Saudi Arabia had agreed to increase short-term production, and would spend $50 billion to increase output over the next decade. Last week gas prices were climbing higher and oil hit $60 […]

Chancellor scraps expected second tax increase on fuel (UK)

CHANCELLOR Gordon Brown has scrapped an expected tax increase on fuel for the second time this year because of high oil prices. The inflation-linked rise, due in September, has been put back three months until the pre-Budget report, saving drivers and hauliers an estimated

Indonesians asked to save fuel amid shortage

Indonesian Vice President Yusuf Kalla on Monday called for people to use less fuel amid nationwide shortages sparked by soaring international oil prices and rising domestic consumption.Queues and shortages have been reported at gas stations around the country in recent days because state-owned oil company Pertamina has struggled to pay the higher oil costs, which […]

India to talk $1bn gas pipeline with Myanmar

India and Myanmar will discuss laying of a $1 billion pipeline for transporting natural gas found in offshore Myanmar to India via Bangaldesh. Besides the pipeline, Indian interest in exploration for oil and gas in Myanmar, particularly in onshore blocks, is likely to figure prominently during day-long discussions petroleum minister Mani Shankar Aiyar will have […]

China Seeks To Build Regional Influence At Summit

The leaders of Russia, China, Kazakhstan, Kyrgyzstan, Tajikistan, and Uzbekistan met today in Astana for a summit of their regional security group, the Shanghai Cooperation Organization. The summit highlights China

Russia and Kazakhstan sign deal on massive Caspian oil field

The heads of Russia and Kazakhstan’s largest state oil companies signed a deal on exploiting the massive Kurmangazy field in the Caspian Sea at a ceremony attended by Kazakh President Nursultan Nazarbayev and Russian counterpart Vladimir Putin. The agreement between Russia’s Rosneft and Kazakhstan’s Kazmunaigaz resolved two years of wrangling over the tax conditions applying […]

A Midsummer Night’s Mare

Assemble the right bits of data buttressed with several disciplines of science and eco-politics, and what emerges is a vision so terrifying I hope it is nothing but a dark dream. And in my winter somnolence I despair. The short term does not look promising. The trends are all there, the information easy to assimilate, […]

Automakers plan to expand focus on hybrid vehicles

Japan’s top carmaker Toyota Motor Corp will double its production of hybrid vehicles next year to meet high demand in North America, a newspaper report said yesterday. Toyota will boost its annual production of hybrid vehicles such as Prius, Harrier and Kluger to 500,000 units by increasing output in southern Japan’s Fukuoka prefecture and other […]

Edict to dress down leaves Japanese men hot under the collar

There are many countries where instructions from no less than the prime minister for office workers to dress more casually would be gratefully seized upon. But not Japan. Efforts led by Junichiro Koizumi to loosen the ties, literally, of his country’s famously conformist workforce in a bid to save energy have met with stoic defiance.

Bush urges G8 lead shift from oil and gas

President Bush urged leaders ahead of a G8 summit on Wednesday to spearhead a worldwide effort to invest in alternatives to oil and gas to help control global warming.Speaking hours before the start of the G8 meeting in Scotland, Bush put forward economic arguments that might help bridge gaping U.S. differences with the other seven […]

Nuclear Dinosaur

The recent call by President Bush to restart a major nuclear power program in this country in response to concerns about our dependence on foreign energy sources and global climate change would have Adam Smith rolling in his grave. There is no power source less compatible with the GOP’s love of free markets and disdain […]

Who Will Build Blair’s Nuclear Power Plants?

BEFORE his re-election in May and since, there have been broad hints that Tony Blair sees a significant role for nuclear power in meeting Britain’s future energy needs, while cutting our emissions of greenhouse gases. This time last year, the prime minister told senior MPs: “I have fought long and hard, both within my party […]

Liquefied gas fills gap left by North Sea decline

THE first cargo of liquefied natural gas (LNG) arrives in the Thames Estuary this morning and will be the start of many shipments of gas from Algeria that will help to replace Britain

China knocking on Russia’s door

With Russia and China pledging to develop their partnership, investment and energy issues topped the agenda of their bilateral summit in the Russian capital. The countries also lashed out at perceived US unilateralism by issuing a declaration demanding a curb on outside interference in nations’ internal affairs. During his visit to Russia from June 30 […]

Iran not optimistic about

The head of Iran

Corn Cob Bob found dead, Shell Oil likely suspect

Last Wednesday, the National Capital Commission in Canada canceled an alternative-fuel mascot from its Canada Day celebrations after pressure from Shell Canada, a key sponsor for the Canada Day celebrations in the capital. Corn Cob Bob is the mascot for the Canadian Renewable Fuels Association which is a not-for-profit group that promotes clean energy. “[The […]

Asia seeks alternatives to oil power as prices soar

From bananas to wind farms, alcohol and the sun, the search for alternative energy sources has taken on a new urgency as oil prices hit record levels. Ideas once seen as the preserve of fringe environmental groups are getting more attention, but flicking most switches in cars, homes or industries in Asia still means tapping […]

Greens Flag Up Concerns Over Ford G8 Sponsorship

MULTINATIONAL corporations, including one of the world’s biggest car-makers, have provided more than The Scotsman

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