High oil prices motivate studies for renewable energy sources

As oil prices soar, cow manure is getting more attention as an alternative fuel source, particularly in Texas, the biggest U.S. 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 […]

Ecuador oil output doubles to 54,000 bpd as protesters declare truce

QUITO (AFX) – Ecuador’s state oil firm Petroecuador’s oil production reached to 54,000 barrels per day yesterday, up from 27,613 barrels on Friday, after protesters claimed an end to six days of civil unrest that had cut oil exports, Energy Minister Ivan Rodriguez said. The output level remains well below the 201,000 bpd Ecuador usually […]

New Perils at the Pump

Detroit thought rising gas prices wouldn’t affect consumers till the needle hit $3 a gallon. It was wrong. Aug. 29-Sept. 5, 2005 issue – Hummer drivers, welcome to the era of the $100 fill-up. No matter what you drive, the new normal is monthly gas bills that look like car payments. After a year of […]

Jamaica, Venezuela to sign energy pact

The Venezuelan president, Hugo Chavez, arrives in Jamaica tomorrow for a one-day visit that will culminate with the signing of an energy co-operation agreement between Kingston and Caracas, but will also likely create unease in Washington where Chavez is viewed as a regional troublemaker. This will be Chavez’s second visit to the island, having previously […]

Hot prices seen for a chilly winter

Industry groups warn consumers that heating costs will climb this season. WASHINGTON (Dow Jones) – Three energy-industry groups issued a warning to U.S. consumers Thursday, saying they foresee higher fuel prices and home heating bills ahead this winter. “We do anticipate higher prices again,” said Dave Parker, president of the American Gas Association. …Additionally, owners […]

Oil prices spur interest in manure as fuel

Texas firm plans plant to make ethanol out of cow dung LUBBOCK, Texas – 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 […]

Some firms help workers cope with gas prices

Employers are taking steps to help workers save money on commuting as gas prices climb. Some are adding programs that encourage employees to save gas money, turning commuting benefits such as car pools into a valuable perk. Others are reaching out to remind workers of programs that are already in place. About 14% of employers […]

Gas prices bring on new ways to cut corners

High gas prices are forcing some consumers to make changes in their lifestyles and buying habits. As she folds clothes at a Laundromat near her home in San Pablo, Calif., Thamara Morales, 30, counts up the ways high gas prices have changed her life. There are no more pizza outings on Friday nights. “It’s cheaper […]

PetroKazakhstan Accepts $4.2B Takeover Bid

State-owned China National Petroleum Corp. said Monday the board of directors of PetroKazakhstan, a Canadian company that is a major oil producer in the Central Asian republic of Kazakhstan, has accepted a $4.2 billion takeover offer. The deal, which requires approval by PetroKazakhstan shareholders, would add to a series of foreign oil and gas acquisitions […]

Electricity cut halts Iraq oil exports

Iraq’s oil exports were shut down Monday by a power cut that darkened parts of central and southern Iraq, including the country’s only functioning oil export terminals, Iraqi and foreign oil officials said. Exports through the country’s other main route, the northern export pipeline to Turkey, have long been halted by incessant sabotage.

Nanowire Solar Cells

Results: In a step toward cheaper and more efficient solar cells, researchers from the University of California, Berkeley, have made solar cells out of billions of nanowires, each wire about 60 nanometers in diameter and 20 micrometers in length. The nanowires, made of zinc oxide and coated in a light-absorbing dye, conducted electrons from one […]

Pertamina develops biodiesel fuel

State-run oil and gas company Pertamina is developing biodiesel as an alternative fuel from jarak pagar (Jatropha curcas) tree oil, which is expected to be able to reduce fuel consumption at home by up to 100,000 barrel a day. In a press release provided on Thursday, the company’s chief executive officer Widya Purnama said that […]

Nepal students clash with police over rising fuel prices

Nepalese students and police battled with bricks and tear gas yesterday during protests over rising fuel prices and dozens of people were injured, witnesses said. Protesting students clashed with riot police at different campuses in Kathmandu, said home ministry spokesman Gopendra Bahadur Pandey. The Peninsula

Clean cars

The total number of vehicles in China is expected to reach 130 million by 2020, and demand for petroleum will hit 450 million tons, predicted Wan Gang, president of Tongji University. The development will put pressure on the nation’s energy reserves. …The major issues facing the world auto industry, energy and environmental protection, are also […]

Oil change

The international market can be tough sometimes, but self-sufficiency in certain resources can make things easier. China’s oil imports are increasing; it is experiencing growing pains as it pays inflated prices in a number of hard currencies. Rising international oil prices are exerting a significant negative impact on China’s macro-economy, experts say. …Because of the […]

Coal’s price is rising, but can it clean up?

A rival to costly oil waits in the wings if environmental issues can be overcome With the oil price above $60 a barrel, dragging the cost of natural gas higher, and nuclear power – with one or two exceptions – still politically sensitive as well as economically controversial, the coal industry should be on a […]

Global warming’s

Preventing global warming would cost the world economy a devastating $18 trillion ( Charles Dumas, author of the study, said: “This is orders of magnitude greater than the cost of dealing with higher sea levels and freak weather, net of land gains in Canada, Siberia and other cold areas in thousands of square miles.” Scotsman

Waves can solve world’s energy woes: inventor

With crude oil prices soaring, a local inventor says wave power is the SAR’s answer for cheap and clean electricity, but he can’t get anybody to listen. Lucien Gamborota has worked in his home lab for 15 years, inventing devices of every shape and function, including a candy that lights up when you chew it. […]

China is wasteful user of power

The same city government that orders local factories to shut down in the name of energy conservation also forces skyscrapers to keep lights on so that investment bankers digging into their foie gras at waterfront eateries can gaze upon a glittering homage to modern China. …But the contrasts in this and many other Chinese cities […]

Oil Price May Rise Above $75

Oil may rise above $75 a barrel in the next three months if the dispute over IranThe Financial Express

The Oil Drum: Peter Maass and The Beginning of the End of Oil?

Well, it’s out. Peter Maass is sympathetic toward the peak oil idea in his NYT Magazine piece. In fact, in the last sentence, Maass write, “When a crisis comesThis article is a big deal. So come on over to our new digs at http://theoildrum.com/ and talk about it!

The Oil Drum: Freako’ takes on Maass’ NYT piece…

Well, I guess this is “discourse.” Stephen Levitt, author of Freakonomics, is already not very pleased with today’s Maass NYT piece. At all. In fact the title of his post today is, “‘Peak Oil:’ Welcome to the media’s new version of shark attacks” (thanks to Jeff B. of the BBC for bringing this to our […]

Oil Industry Image Suffers as Energy Prices Rise

As oil and gasoline prices rise, the public’s opinion of the energy industry erodes. Even in Texas, a state where oil and gas have been a major part of the economy for more than a century, the industry’s image has taken a beating as companies book record profits, according to a survey commissioned by the […]

US Seeks to Improve Relations with Former Foe Libya

The United States has stepped up efforts to achieve normalized relations with Libya, an Arab analyst said Sunday after a prominent US senator wound up a visit to the oil-rich North African country. “The visit is part of efforts exerted by US officials to normalize relations with Libya, which sticks out luringly to many US […]

Alabama Gas Station Owner Run Over, Killed While Trying to Stop Gas Theft

An Alabama gas station owner was killed while trying to stop a driver from leaving without paying for 52 dollars worth of gas. Witnesses told police that the owner of Fort Payne Texaco “grabbed onto a vehicle” Friday as it drove off.KBCI 2

Global warming: Will you listen now, America?

Two of the leading contenders to contest the next US presidential election have delivered an urgent warning to the United States on global warming, saying the evidence of climate change has become too stark to ignore and human activity is a major cause.The Independent

Good news about high gas prices

Gas prices are high because crude oil has been selling for upward of $60 a barrel. That price, fortunately, looks as transient as a summer romance.The going rate has been pushed up in the last couple of years by rising fuel consumption. But Michael Lynch, president of Strategic Energy and Economic Research Inc., says global […]

Russia’s Gazprom preparing offer for rival oil company

The Russian gas giant Gazprom is lining up more than $10 billion in financing to try to gain control of Sibneft, the oil company owned by a Russian billionaire, Roman Abramovich, two executives involved in the negotiations said. The financing is likely to be secured over the next few weeks, they said, and a deal […]

China nuclear-plant surge may generate U.S. interest

Within weeks, the Chinese government is expected to announce an $8 billion nuclear-reactor order that is just the beginning of a commercial bonanza the beleaguered nuclear industry has long craved.Straining to keep pace with soaring electricity demand, China plans to spend a staggering 400 billion yuan – nearly $50 billion – on nuclear energy by […]

‘Peak oil’ spells cataclysm for U.S., oil theorist warns

Think high gas prices are bad? Get a load of what ex-oilman and ex-Princeton professor Kenneth Deffeyes believes are following closely behind: “War, famine, pestilence and death,” he said, eyes wide and voice deep. “We’ve got to get the warning out.” The threat? Peak oil.

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