Medis Wants Sexier Fuel Cell

Medis Technologies, the firm that recently announced the first product for consumers based on fuel cell technology, said Monday it’s launching a public design contest to help give its power packs based on the alternative energy a “sleek, cool” look. Last month, the fuel cell company said its micro fuel cell power packs would be […]

Cow manure eyed as alternate fuel source

As oil prices soar, cow manure is getting more attention as an alternative fuel source, particularly in Texas, the country’s biggest producer of cow patties. For years, researchers have studied manure as a fertilizer. But at a time when state and federal energy bills have called for increasing renewable energy sources, there is more focus […]

Indonesian Rupiah Drops on Oil Concern: World’s Biggest Mover

Indonesia’s rupiah fell, the biggest fluctuation of any currency today, as the government buys more dollars to increase subsidies of crude oil. Indonesia is the only member of OPEC that is a net importer of crude. The government has been paying state oil company PT Pertamina in U.S. dollars to cut fuel prices for the […]

S Korea Oil Pdt Demand Slows, Crude Imports Firm

South Korea’s oil product demand growth rate continued slowing in July, as rising oil prices and a change in the domestic diesel and gasoline tax regime bit into consumption. Despite this, the country’s crude oil imports and refinery runs were well up last month, as refiners kept output high to benefit from export sales to […]

Oil workers okay plot to shut refineries

Lagos—A total shut down of refineries and petro-chemical companies in the country looks imminent weekend, as the nation’s oil workers have begun the process of shutting down the refineries and petro-chemical companies to protest alleged government’s un-procedural and unilateral actions in the planned privatisation of the refineries. Meanwhile, there are indications that crude oil prices […]

RP has 5 Cs vs. energy problem

The Philippines has potent weapons against an impending worldwide energy problem and these are the five Cs – coconut, camote, corn, cassava and sugar cane – that can be grown in the back yard. Rep. Juan Miguel Zubiri (Lakas, Bukidnon) said “energy security” in the country may be found in these crops which are main […]

The $10,000 Question

I don’t share Matthew Simmons’s angst, but I admire his style. He is that rare doomsayer who puts his money where his doom is. After reading his prediction, quoted Sunday in the cover story of The New York Times Magazine, that oil prices will soar into the triple digits, I called to ask if he’d […]

How to Escape the Oil Trap

More growing awareness. More public discourse. More recognition that peak oil really is the problem. Even Fareed Zakaria has a piece on peak oil coming in the next Newsweek! But will we see progress or a whole bunch of navel gazing? All it takes, with supply and demand balanced on the knife’s edge as they […]

From Peak Oilers to Citizens for Sustainable Living

“Yeah, the Mets just can’t pull it together this year. Turning to another subject, I’d like you to completely forget everything you believe about free market economics, reject your whole way of life and share my dark vision of the world to come. Won’t you join me?” From the strange looks and reactions I get […]

Emergence of New Potential Geo-political and Geo-strategic Triangular

They fear the United States. They need each other. They are allying geo-strategically and geo-politically to dominant the whole Asia and imperil America. They are China, Iran and Russia. It seems that power game has been started.”

Save us, oil firms tell PM

Officers of state-run oil firms have petitioned Prime Minister Manmohan Singh for rationalising duties on crude oil and petroleum products to prevent the public sector firms from bankruptcy. Deccan Herald

Fueling an ‘oil crisis’

Shortages at pumps may have been manipulated for political reasons. Last week, the worst “oil crisis” that China has ever experienced swept the Pearl River Delta and then spread to other regions. It is a crisis that is likely manufactured.The Standard

The demographics of radical Islam

Just as the Muslim population peaks, the one bounty that nature has bestowed upon the Arabs, namely oil, will begin to diminish. According to the US Department of Energy, conventional oil production will peak just before 2050 at the present 2% rate of production growth. In short, the Muslim world half a century from now […]

Is Oil Nearing Its Peak?

Fighting through the noise in the oil industry can be a challenge for investors. Every time prices increase, the industry is exposed to a chorus of Chicken Little pundits, all crying “The end is near! The world is running out of oil!” In the past, when oil prices went up, the reward for increased production […]

Rising fuel costs pinching school districts

WASHINGTON (AP) — The wheels on the bus aren’t the only things going round and round. The dials on the fuel pump are spinning, too, for school districts that face soaring costs just as 25 million children get back on the bus for a new school year.Most buses use diesel fuel, which has jumped about […]

Firms meet demand for energy efficiency

As the energy-efficiency industry turns its attention to the $239 billion-a-year remodeling industry, business owners that once specialized in narrow product lines are learning to be general contractors. The aim is happier homeowners and larger contracts, since more work is being done to more effectively and efficiently heat and cool homes.And homeowners who have experienced […]

Radiant: State attracts growing solar-panel industry

White-hot worldwide demand for solar energy could mean good news for Washington. At least four companies in the solar manufacturing business are considering building or expanding facilities here — plants that could bring hundreds of jobs and hundreds of millions of dollars to the state. The solar industry is expanding rapidly, with growth estimates ranging […]

The Oil Drum: Leave the SPR alone already

I thought this was just Schumer’s pipe dream, but no, now Sen. Patrick Leahy of VT is advocating it too. I find this so frustrating, because it means that (some) politicians are so fundamentally uninformed about why oil prices are high right now (which Peter Maass also noted in the NYTimes piece this weekend), and […]

Oil Prices Will Stay High in ‘05, ‘06

Even with high oil prices starting to slow demand, lagging new oil output and the Organization of Petroleum Exporting Countries’ new $50-a-barrel price target will keep prices high this year and next, the Center for Global Energy Studies said Monday. “There is little prospect of oil prices falling far either this year or next,” CGES, […]

Saudi Aramco Says Working to Maintain Fields Production

Saudi Arabian Oil Co. (SOI.YY), or Saudi Aramco, is moving ahead with projects to maintain production at Marjan, Zuluf and Safaniya oil fields. One project includes construction engineering, partial procurement and fabrication of five wellhead jackets, including piles and conductors; five drill decks; and three scrapper decks.Schlumberger

Al-Qadhafi’s Son: US to Open Embassy

The son of the Libyan leader Muammar al-Qadhafi has said the US will open open an embassy in Tripoli within days and that Libya will be removed from the US list of state sponsors of terrorism by year’s end. Saif al-Islam al-Qadhafi, who runs the Qadhafi International Association for Charitable Organisations and who has assumed […]

Venezuela Expects Oil Exports to China to Soar

Petroleos de Venezuela SA, South America’s largest oil company, expects its exports to China to rise fivefold by 2012 as it seeks to lessen its dependence on the U.S. market. Sales of crude oil and petroleum products to China may top 300,000 barrels within years, the state oil company said in a press statement. In […]

Crude Oil Rises as Power Failure Halts Oil Shipments From Southern Iraq

Aug. 22 (Bloomberg) — Crude oil rose above $66 a barrel in New York after a power failure across Iraq forced the suspension of exports from the country’s southern terminals. Shipments of about 1.6 million barrels a day were halted indefinitely after the outage shut pumps at the Basra Oil Terminal, Jabbar al-Leaby, who manages […]

A delicate touch in Iran and Iraq

Delicately dealing simultaneously with Iran and Iraq, U.S. policy regarding the former is preposterous yet useful and U.S. policy regarding the latter is lucid but delusional. Regarding Iran, the faded and tattered flag of arms control is being unfurled for yet another pious salute, the predictable result of which will be redundant confirmation of the […]

Rising inventories may not induce lower oil prices – CGES

Rising energy stockpiles may not induce lower prices for the time being because of the lack of spare global refining production capacity, the Centre for Global Energy Studies said. Analysts at the centre said global refining constraints have now skewed the formula of working out oil prices in comparison to stock levels.

Xinjiang in NW China becomes country’s major oil, gas production base

The Xinjiang Uygur Autonomous Region has become China’s major oil and gas production base with its crude oil output predicted to reach 50 million tons by 2010. Geological surveys show Xinjiang’s oil and natural gas deposits stand at an equivalent of 30 billion tons of oil, accounting for one fourth of the nation’s total, according […]

Gas stations get creative with 3-digit signs as prices soar above a dollar. (Can

Drivers on the prowl for cheap fuel, take note: if a price seems too low, it’s probably just one of the tactics stations are using to deal with gas prices that have outgrown their signs. Most major gas stations got wise to the soaring price of oil and started installing signs that could hold four […]

The Clusterfuck Nation Chronicle

  Delusional thinking about oil was everywhere in the media last week — as thick as advertising. Early in the week, Yahoo Finance ran a story with a headline (I paraphrase): “DOW Up Fifty Points as Oil Prices Plunge.” The plunge they referred to was oil going from $63.90 a barrel to $63.30. Some plunge. This […]

Thai economy: Hot to sour

The reasons for the slowdown are varied and vexing. Steep oil prices are certainly playing a part, pushing up costs for businesses and draining the government’s coffers because it subsidizes fuel prices. Add to that a tourist season that was literally washed out by the tsunami. Oil prices are contributing to inflation, which is expected […]

Crude prices to hit highest level in autumn: Ghanimifard

Crude prices will hit their highest level in autumn this year if the market variables continue to affect the prices in absence of any oversupply by the OPEC and non-OPEC members, said a senior Iranian official here on Saturday. Deputy head of National Iranian Oil Company (NIOC) for International Affairs Hojjatollah Ghanimifard told IRNA that […]

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