US Congressman Bartlett speaks out again on Peak Oil (Transcript)

Mr. BARTLETT of Maryland. Mr. Speaker, if you go to your computer this evening and do a Google search for peak oil, you will find there a large assortment of articles and comments. Like every issue, you will find a few people who are on the extreme, but there will be a lot of mainstream […]

Warning Over ‘Chilly Future’

The number of people who struggle with the cost of heating their homes is set to increase, according to two new reports. Fuel poverty could affect between one and two million households in England by 2009, energy campaign groups warn. Rising energy prices and relatively static incomes will leave people struggling to pay fuel bills, […]

Indonesia Hit by Petrol Shortages

President Susilo Bambang Yudhoyono has responded to the crisis by calling for a more responsible, thrifty, approach to the use of energy. Civil servants have been told to go easy on the air conditioning and some street lights in major cities are being switched off. Television and radio stations have been asked to close down […]

Gas Price Rumor Caused Fueling Frenzy

At gas stations across Mid-Michigan things were back to normal Wednesday July 10th but the scene the day before, when word of mouth spread that gas prices were surging prompted panicked drivers to pack filling stations fearful their tanks would cost upwards of three dollars a gallon, at any moment.

WNEM

Cnooc May Drop Unocal, Seek Marathon, Amerada Hess, Murphy Oil

Cnooc Ltd., China’s third-largest oil company, may abandon its effort to acquire Unocal Corp. and instead seek other U.S. oil producers, investors said. Cnooc’s $18.5 billion cash bid was passed over by Unocal’s board yesterday in favor of a sweetened cash-and-stock offer from Chevron Corp. worth $17.1 billion. Cnooc, 70 percent owned by a state-controlled […]

But Not When It Rains….

The current solar powered cars chasing from Austin up to Calgary cannot realistically be expected to become household vehicles anytime soon

R&D funding the missing link in quest to tap shale oil in U.S.

Originally from the Globe and Mail: A surprising theme dominated recent discussions between U.S. lawmakers and representatives from the Canadian Association of Petroleum Producers in Washington. Instead of discussing the energy bill currently before Congress, the good folks from CAPP were asked about the transferability of oil sands technology to shale oil.The Globe & Mail […]

Greenspan Warns on Energy

A spike in oil prices above $60 per barrel along with other energy price rises posed another important economic risk. “It is a shock. We do estimate a three-quarter-percentage point loss in real growth this year as a consequence of these prices,” he told lawmakers during the question-and-answer session that followed his prepared testimony. A […]

Mayor blames Middle East policy

Decades of British and American intervention in the oil-rich Middle East motivated the London bombers, Ken Livingstone has suggested. The London mayor told BBC News he had no sympathy with the bombers and he opposed all violence. But he argued that the attacks would not have happened had Western powers left Arab nations free to […]

Drought Causing Problems in the Midwest

CHICAGO – Lawns are turning brown. Flowers are wilting. Water levels are so low that ducks can stand in some rivers and streams. A drought that is stunting corn, rice and soybean crops across the nation’s Farm Belt is also leading many communities in more urban parts of the Midwest to ban lawn-watering and urge homeowners to conserve.

The drought-stricken area cuts a swath from eastern Texas up into the Great Lakes region, taking in parts of Missouri, Indiana, Arkansas, Iowa, Wisconsin, and Michigan, and virtually all of Illinois.

In June, Chicago got only about three-quarters of inch, compared with the usual 3.63 inches. And July is shaping up to be even worse, with about 0.70 inches so far in a month that typically gets 3.51 inches.

In Indianapolis, officials have pleaded with customers to cut back on their use of water. St. Peters, Mo., made a similar request. So did Chicago, where WGN-TV meteorologist Dennis Haller said this is the driest summer so far in 135 years.

Yahoo! News

DaimlerChrysler Extends B100 Trials to Himalayas

Asia Pulse. DaimlerChrysler India will test its cars using B100 (100% biodiesel) produced from jatropha plants in Leh and other regions of the Himalayas. Leh (3,500+ m; 11,428+ ft) is situated in a high-altitude cold desert with low levels of atmospheric oxygen. (Leh is the capital of the Ladakh region, which is part of the […]

Conversion of Coal-Fired Power Plants Presents Opportunities

Green Energy Resources (nasdaq otc pk.GRGR) has confirmed Alstom of Sweden will convert Scottish Southern Energy’s (SSE) Power Plant at Fiddlers Ferry (UK), to biomass and co-firing power generation from coal. It will be the largest renewable energy power plant in the UK. The plant was designed and built by Alstom in the 70’s, and is scheduled to be operational by first quarter of 2006. It is one of several UK facilities Green Energy Resources has been working with for nearly two years.

Environmental News Network

Saudi Attack Warning

United States officials have said they have indications that a terrorist attack is planned in Saudi Arabia. The warning came from the US embassy in the Saudi capital Riyadh. In a statement, the embassy said that militants were planning fresh attacks in the world’s biggest oil exporter. The statement said: “The American embassy in Riyadh […]

Oil-Control Formula

George W. Bush’s war in Iraq may not be going as planned. But for those who’ve stopped believing the myth that prewar Iraq represented any sort of threat to the United States, there is plenty of circumstantial evidence mounting that the real reason for the American invasion of Iraq was the most obvious one: Oil. […]

Saudi Arabian Ambassador to the U.S. Steps Down

The man who served as Saudi Arabia’s ambassador to the United States is stepping down. Prince Bandar bin Sultan has been one of the most influential players in Washington for more than twenty years. Bandar’s replacement will have to tackle two critical issues facing the two nations — Saudi Arabia’s role in the fight against terrorism and the high price of oil.

NPR

Oil Slumps on Smaller Inventory Fall

Oil prices fell sharply on Wednesday after a U.S. government report showed a smaller-than-expected decline in stockpiles last week as higher imports and slower refinery activity muted the effects of Hurricane Dennis. U.S. light, sweet crude oil futures dropped $1.36 to $56.10 a barrel, the lowest since June 30, while London Brent crude fell $1.01 […]

Brussels passes environment plans despite costs fears

European Commissioners have supported the environment plans of the EU executive despite concerns about costs to industry.

Their debate on Wednesday (20 July) was put under the spotlight by both industry and green lobbies, who were expecting a sound exchange of views between pro-business commissioners, led by president Jose Manuel Barroso, and the Greek environment commissioner Stavros Dimas.

It concerned seven main eco-strategies to be launched by the commission in the second part of this year, covering air pollution, marine environment, sustainable use of resources, waste prevention and recycling, pesticides, soil quality and the urban environment.

EU Observer

Listening to the Experts

As we move through this period of grace before the tightening oil supply situation becomes more clearly evident to more people, there are increasing numbers of statistics appearing that seem to confuse the issue. For example there was the recent revision upward of the US demand growth last year by 213,000 bd. Then there are also some conflicting views on what China plans on doing, some of which discussion is given in our earlier posts of this past week. There are questions about the state of Russian production, and exactly how much oil is coming, and from where in the Middle East. In addition there is the conflict over the actual amount that the British part of the North Sea oil is declining, is it the 17% that has been noted as occurring monthly for the past quarter by the Scotsman, or is it the 5.6% that the latest UKOOA report would have it.

Some of these issues can be explained. For example the current drop in North Slope production of 6.5% for June was due to pipeline maintenance . The recent short term drops in production from the Gulf, including Cantarell in Mexico, are transient ones caused by the need to ensure the safety of the platforms and crews.

Others, however, cannot…

More after the jump at The Oil Drum.

Oil maneuvers by China, India, challenge Washington

Iran, Sudan, Venezuela, Syria – nations shunned by America as nuclear threats, insurgent havens or human rights violators are increasingly being wooed by China and India in a race for oil and influence that is challenging Washington on the energy and security fronts.  The most recent U.S. concerns have focused on China’s bid for Unocal […]

Russia now world’s largest oil producer

In trying to follow developments on the world oil market, it is important to have a clear picture of the major forces that are influencing the demand for and supply of oil. Generally, it is known that the USA is the major consuming nation and that China has emerged as a large consumer, causing prices […]

Norway’s oil output at 11-year low

Norway’s monthly oil production fell to an 11-year low of 2.29 million barrels per day (bpd) in June, hit by halts of many offshore fields for maintenance, the Norwegian Petroleum Directorate (NPD) said on Tuesday. Production was down from 2.65 million bpd in May and 2.88 million in June 2004.

World faces massive increase in CO2 emissions

The world faces a massive increase in carbon dioxide emissions, which fuel global warming, due to population growth, poor countries getting richer and the failure of wealthy countries to reduce greenhouse gases, a world population conference heard here Tuesday.

Kyoto is dead let it be buried

SHOWING what a skilful politician he is, British Prime Minister Tony Blair, in his role as president of the G8, managed to simultaneously read the burial service for the Kyoto Treaty while declaring the corpse still breathed.In a sense, though, he is right. The issue of global climate change and how to deal with it […]

UKOOA: UK increasingly reliant on oil and gas

The UK will be increasingly reliant on oil and gas to meet its primary energy needs during the next 10-15 years despite efforts to promote renewable energy sources, the UK Offshore Operators Association Ltd. (UKOOA) said. “The UK’s reliance on oil and, in particular, gas as primary sources of energy is increasing,” said UKOOA Chief […]

Truck-stop operators feel the diesel pinch

Syed Qureshi said the Phillips 66 Key Truck Stop just off Interstate 10 east of Houston would not be in business if it did not have a restaurant. The stop off Exit 785 in Channelview has seen a 20 percent profit decline in the last six months because of skyrocketing diesel prices, said Qureshi, the […]

For the first time in months the cushion in oil supply is showing signs of widen

For the first time in months the cushion in oil supply is showing signs of widening as inventories in consuming countries increase and Asia’s record growth slows. The Organisation of the Petroleum Exporting Countries, the cartel that supplies almost 40 per cent of the world’s oil, now expects its spare capacity to average about 8 […]

The Problem with Natural Gas

In 1997, Joseph Riva, senior geologist writing for the Colorado School of Mines, turned a skeptical eye toward the rapidly emerging dependence of the United States on natural gas (NG). Riva suggested that the rush to embrace NG as the primary fuel to meet incremental electricity and space heating demand was based more on sociopolitical […]

U.S. lawmakers push a longer day to save energy

U.S. lawmakers working out details of a broad U.S. energy bill voted on Tuesday to expand daylight-saving time by two months to conserve energy, but refused to boost mileage requirements for gas-guzzling sport utility vehicles. Negotiators on a joint Senate-House committee are racing to put a final energy package on President Bush’s desk by a […]

The Clusterfuck Nation Chronicle

It was a very bloody weekend in Iraq, including a gasoline tanker truck bomb on Saturday evening in the commercial center of Masayyib, where people had come out to shop and mingle once the fierce heat of the midsummer day abated. The explosion killed a hundred people, while half a dozen regular car bombs went […]

Vietnam II:Terrorists Are Winning The War In Iraq

 was talking to a Muslim co-worker of mine the other day about Iraq and he mentioned to me that if the United States abandons Iraq, it will be the most incredible adrenalin rush the Muslims have ever had. He said it would be a huge victory for them. The terrorists are pulling out all the […]

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