Pay Attention to Rising Oil Prices, Analysts Warn

Consumers had best take note of soaring oil prices and start to conserve energy or they could come in for nasty surprises further down the road, sector analysts warn. At around 66-67 dollars a barrel in New York, crude prices are closing in on the present-day equivalent of about 80 dollars that oil prices reached […]

ONGC says makes four oil, gas discoveries

India’s state-run Oil and Natural Gas Corp. Ltd. (ONGC) announced on Sunday it had made four oil and gas discoveries. Three discoveries were reported from the gas rich Krishna-Godavari offshore basin in southeast India and one off the Bombay coast in western India, ONGC chairman Subir Raha said at a ceremony to mark 50 years […]

Facing Our Energy Dependency…

As the country suffers through a sweltering summer and another spate of heat waves and heat-related deaths, it is becoming increasingly clear that this is not an aberration but rather a glimpse of things to come. According to the National Academy of Sciences, if global warming continues unchecked, nearly 1,200 people could die in Los […]

President Kalam seeks ‘Energy Independence’

Indian President APJ Abdul Kalam’s Independence Day eve speech combined the vision of a statesman with that of a scientist. The defining theme of his speech was self-sufficiency in the energy sector. He called for a new nuclear energy policy, which will enable India to achieve total “Energy Independence” within the next 25 years. Dr […]

CO2 Emission Market Emerges

Enterprises need to pay more attention to the market of greenhouse gas emission rights, according to KOTRA, the Korean trade and investment agency. KOTRA said that Japanese companies have recently ignited international competition to capture more rights of greenhouse gases, including carbon dioxide, by signing swap deals with Chinese firms. By offering technologies in environmental […]

Demand and Economics, or are we mushrooms?

Given the discussion over at Econbrowser, and his apparent demand (as in command) that you can’t use the word demand (as in need) without defining that in terms of price (and the post has 203 comments attached in an interesting discussion) my eye was caught by the following quote from this Reuters article… Oil prices […]

Feds urged to keep oil out of trade war

Alberta’s energy minister says Ottawa and B.C. have no right to use the province’s oil and gas as a bargaining chip in the softwood lumber dispute with the U.S., as suggested by B.C. Premier Gordon Campbell. Greg Melchin said Alberta’s coveted oil and gas reserves are, as are the resources of any other province, not […]

Oil shale drive has risks for the West

Washington hopes to accelerate the development of oil shale deposits in the West, but there are concerns about water use, pollution and vegetation. Congress and the Bush administration want to jump-start the oil shale industry, but it’s the Mountain West that could get jolted. Unless great care is taken, our waters could be depleted, our […]

COUNTRY

As a result of researches carried out in the oil field development department of the Geology Institute of the Azerbaijan National Academy of Sciences (ANAS), it was established that the countryStateTelegraph

Iran

Expediency Council Chairman Akbar Hashemi Rafsanjani said on Friday that Iran’s decision to resume uranium conversion is “irreversible”. TehranTimes

Pressures on ageing US refineries fuel world oil price rise

Oil facilities in the United States, where there has been no major investment for more than a quarter of a century, are working flat out to meet growing demand. The new bill offered US$950 million as an incentive for new refineries but experts doubt it will be enough. ChannelNewsAsia

Gap between promise and reality in world renewable energy markets

A new set of indices Ernst&Young

Judge Reluctant to Rule on Global Warming

A federal judge expressed reluctance about beginning judicial oversight of pollution issues that affect global warming as she heard arguments Friday in a complaint brought by eight states against some of the nation’s largest power companies. “Why should I do something that Congress and the president have decided they don’t want to do as a […]

Scientist reaches for the sky to curb global warming

For centuries man has dreamed of controlling the weather, from the rain dances of Native Americans to the fanciful exploits of Superman and other comic book heroes. Now Professor Stephen Salter, emeritus professor of Engineering Design at Edinburgh University, believes he can manufacture clouds that could help save the planet from global warming. The Times

Climate-change boss gets

The head of the Government’s climate-change quango has been awarded a Telegraph

Is Iraq war fuelling GCC’s economic boom?

Since the US-led invasion and occupation of Iraq, the price of oil has steadily climbed upwards. A barrel of oil today costs twice as much as it did on the eve of combat, back in March 2003. At the same time all six Gulf Cooperation Council (GCC) states – Bahrain, Kuwait, Oman, Qatar, the United […]

N. Korea hints at compromise

North Korea’s chief nuclear negotiator says Pyongyang may be willing to offer proof that it does not have a uranium-based weapons program, which the United States claims it does. However, Kim said his country would not bend on the key issue that has stalled the talks — it will not obey any directive to abandon […]

Mortgage Defaults Expected to Grow

In another sign that California’s real estate boom may be peaking, the state’s foreclosure activity has bottomed and is expected to rise, new data suggest.After declining for nine straight years, the number of default notices sent to delinquent homeowners continued to level off during the second quarter, real estate research firm DataQuick Information Systems said […]

Experimental Hybrid Cars Get Up to 250 mpg

Politicians and automakers say a car that can both reduce greenhouse gases and free America from its reliance on foreign oil is years or even decades away. Ron Gremban says such a car is parked in his garage. It looks like a typical Toyota Prius hybrid, but in the trunk sits an 80-miles-per-gallon secret — […]

No Gain, Much Pain

Sen. Jeff Bingaman, a co-sponsor of the national energy bill President Bush signed this week in Albuquerque, was probably right when he said the legislation was the best a bitterly partisan Congress could squeeze out of itself right now. And what a disappointment it is. In troubled times, when an oil crisis looms and when […]

Gas, Oil: America Finally Feeling the Pinch

So far, the country has largely shrugged off oil’s steady climb, even as the cost of crude has risen 54 percent this year. But with gasoline prices perilously close to $3 per gallon, some experts have concluded that the country’s economic growth could slow, sapped by the cost of energy.San Francisco Chronicle

US Warns of New Attacks on London

AMERICAN intelligence chiefs have warned that Al-Qaeda terrorists are plotting to drive hijacked fuel tankers into petrol stations in an effort to cause mass casualties in London and US cities in the next few weeks. The leaked warning, contained in a bulletin issued by the US Department for Homeland Security last week, says the attacks […]

Hydrogen cars still decades off

Critics of President Bush’s energy policies are urging Congress to scale back his much-touted hydrogen-car research program in favor of existing technologies that can reduce U.S. energy dependence and cut global-warming pollution now. Two years ago, Bush launched a five-year, $1.2 billion program to develop a commercially viable hydrogen fuel-cell car “so that the first […]

Dangerous curves on Turkey’s energy policy

Turkey’s energy policy is very related to its foreign policy. The density of Turkey’s demand from the outside requires a supply of energy from surrounding states. Therefore, Turkey’s relations with the countries from which it imports its energy is a critical issue in terms of foreign policy. In addition, Turkey’s geopolitical location is one of […]

China is eyeing Australia’s energy goliath

China’s booming demand for energy has analysts speculating that its state-owned oil and gas giant, CNOOC, could be looking at a $A30 billion bid for Australia’s energy goliath Woodside Petroleum. The argument goes that China wants to have its foot on more substantial sources of energy to meet its escalating demand. The Age

Russia Tells Iran to Continue Dialogue With IAEA

Russia has called for ’de-escalation’ of tensions and for dialogue over Iran’s decision to resume nuclear fuel work, local media reported. Moscow supported the decision of the UN nuclear watchdog — the International Atomic Energy Agency (IAEA) — urging Iran to resume its moratorium on nuclear fuel production, the Foreign Ministry said in a statement. […]

Midtown fuel cell may be glimpse of the future

New York City’s latest foray into alternative energy looks more like a construction trailer than a 21st century technological breakthrough. But the beauty of a 28-foot-long white box atop a terrace in midtown Manhattan is much more than meets the eye. This new type of fuel cell, humming above 52nd Street, generates 10 percent of […]

Oil Embargo Best Response to Nuclear Boycott

The continuation of the unequal relationship between Third World countries, particularly Muslim countries, and the U.S. and other Western countries, which have adopted an unfair attitude, will never benefit the countries of the global South. Therefore, the oil-rich countries, including Iran, which possess the most significant pressure lever, should wisely use this tool to punish […]

Cost USA Oil Imports and Economic Impact

An Email Today from Lehyina says: what I want to talk about is my simple observation about the relative cost of net oil imports on the USA economy, which may help to explain why the current level of oil prices does not yet seem to have had excessively painful economic consequences (unless of course you […]

”Threats of Peak Oil to the Global Food Supply”-Richard Heinberg (Audio)

An in depth look at energy, carrying capacity and trade as they relate to modern food production in the face of impending global oil peak. Delivered at the “Food Security in an Energy Scarce World” Conference held in Dublin, Ireland. The conference was organised by Feasta (Foundation for the Economics of Sustainability) in association with […]

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