Peak Oil — Beyond Fear

Upon first hearing about Peak Oil, a few years ago, I doubted it. “Just Big Oil propaganda to raise gas prices,” I initially thought. But the more I read about how our natural petroleum supply will reach its mid-point and then dwindle, the more convinced I became. So I got angry — at Big Oil […]

Germany rejects Iran military option

German Chancellor Gerhard Schroeder has rejected the threat of military force against Iran, hours after US President George Bush said he would consider it as a last resort to press Tehran to give up its nuclear program. Iran angered the European Union and the United States by resuming uranium conversion at its Isfahan plant last […]

Comments on the EIA Supply and Demand Chart

There are a couple of things, however, that I wanted you to be aware of in looking at that chart. The first is that it was for the first Quarter (1Q) of this year. If we look back at the history since 2001, these are the numbers in mbd: Year . . . . . […]

Scientists aim for lab-grown meat

An international research team has proposed new techniques that may lead to the mass production of meat reared not on the farm, but in the laboratory. “With a single cell, you could theoretically produce the world’s annual meat supply. And you could do it in a way that’s better for the environment and human health.” […]

Arroyo calls for drastic energy conservation measures

Philippine President Gloria Macapagal Arroyo said on Saturday that drastic energy conservation measures must be enforced to deal with the looming oil crisis brought about by the steady increase in crude prices in the world market. Arroyo also suggested that the people use bicycles or walk instead of taking a ride when going to nearby […]

Dion lobbies to prevent Arctic drilling

Canadian Environment Minister St the Globe and Mail

Public Remains Anxious Over Economy, War

The war in Iraq and the soaring price of gasoline are drowning out a succession of positive reports on the economy, putting President Bush on the defensive at a time when he could be basking in good economic news. Bush doesn’t have to worry about re-election. But other Republicans do, and they’re getting increasingly nervous […]

Venezuela gives gas-guzzling US a huge headache

The United States, the top consumer of Venezuelan oil even as the barrel price soars, has no coherent policy toward Caracas, analysts say. “These conflicting messages reflect a lack of clarity and coherence,” said Michael Shifter, of the Interamerican Dialogue. “When (Venezuelan President Hugo) Chavez speaks, they react. There is no strategy of thinking longer-term […]

Iraq oil deal may aid constitution effort

Iraq’s leaders said Friday that they had reached a tentative deal to divide the country’s vast oil wealth between the government and the provinces, a significant break in the negotiations about a new constitution. Under the agreement, oil revenue would be shared by the central government and Iraq’s 18 provinces, and split roughly according to […]

‘Clean’ diesel fuel in works for 2006

Clean diesel fuel may sound like an oxymoron, but a fundamental change starting next year will help clear the air and possibly bring diesel engines into the mainstream. Under a federal mandate, oil producers must reduce the amount of sulfur in diesel fuel by September 2006, bringing it down from an average of 500 parts […]

American, Northwest raise fares

American and Northwest Airlines raised their U.S. fares yesterday to help cope with record jet-fuel prices, after increases Thursday by four other carriers. American increased prices $5 each way on most routes, a spokesman said. Northwest implemented a similar increase, as did low-cost carrier JetBlue Airways Corp. on some routes. Delta, United, Continental and US […]

Judge blocks federal plans to extend drilling off Calif. coast

A federal judge blocked plans to extend leases for oil and gas drilling off the Central California coast Friday, ruling that the Bush administration didn’t adequately consider possible damage to the ocean and marine life. U.S. District Judge Claudia Wilken ruled that the U.S. Interior Department failed to analyze the environmental impact of future oil […]

Project to make diesel from coal

A project being developed by a group of companies near Underwood, N.D., is aimed at producing 10,000 [- 50,000] barrels of “ultra-clean” diesel fuel from lignite each day. They say it could mean a $750 million investment up front and eventually an investment of as much as $3 billion, bringing hundreds of jobs.GrandForks

The myth of the EU olive branch

The crisis over Iran’s nuclear program unfolding before our eyes is by all accounts one of the most serious challenges facing the 1979 post-revolutionary system in Iran. This crisis is potentially capable of re-isolating Iran in the international community and, thus, exacerbating internal and regional tensions and, even worse, igniting the flares of yet another […]

Siestas could become a sensible survival method

Siestas could become a normal part of life for Britons as summers get hotter, a leading scientist has predicted. According to Professor Bill Keatinge, an authority on the health hazards of heat, siestas might be life savers in the future if current predictions of warming trends are correct. Scientists think heatwaves as extreme as the […]

Current trend spells ruin for marine life

Scientists have discovered dramatic evidence of climate change in the South Pacific with “worrying” implications for Australia’s rainfall and fisheries. Using new data from a network of floating robots, Australian, US and New Zealand scientists have detected a 20 per cent increase in the speed of a key South Pacific current over the past 10 […]

“Petroleum bourse to become reality”

A senior stock market official has said that the Stock Exchange Council has agreed in principle to the establishment of the much-publicized oil bourse. Heydar Mostakhdemin-Hosseini, who heads the board of directors of the council, told Fars news agency that the council, also tasked the Oil Ministry to formulate necessary mechanisms for the establishment of […]

Oil imports, Chinese textiles push up U.S. trade deficit

The United States imported a record amount of foreign oil in June and shipments of Chinese clothing and textiles soared, too, pushing the nation’s monthly trade deficit to the third-highest level in history. Analysts said the new report highlighted two of the biggest threats to the economy — soaring energy prices and the dangers that […]

Oil industry drying up

Wooden oil derricks once forested the Los Angeles landscape like stars along Hollywood Boulevard. But while a dwindling number of wells remain active, a once vital Los Angeles industry is running dry. The acquisition this week of Unocal Corp. by San Ramon-based Chevron Corp. means Occidental Petroleum is the only major oil and gas company […]

Past the Peak: How a small town plans to beat the coming crisis

Since at least the 1970s, the promise of a simpler life has lured a large number of Bay Area hippies, alternative types and other societal dropouts to the woods of Mendocino and Humboldt counties in what came to be known as the “back to the land” movement. These so-called ecotopians, many of whom are still […]

WVU, Defense Department seek alternative fuels from coal

With oil prices topping $62 a barrel, an official with the U.S. Department of Defense told a national audience of fuel researchers meeting in West Virginia that the department is actively looking for partners to build a commercial plant to produce alternative liquid fuels from domestic resources such as coal. Harrison proposed the co-production of […]

Looking Ahead: Oil – By William F. Buckley, Jr.

Poster’s Comments: Paraphrasing, apparently approvingly, from “Over a Barrel: Breaking the Middle East Oil Cartel” by Raymond J. Learsy, Buckley writes: Yahoo! News

Syntroleum Process Could Help Cut America’s Dependence On Foreign Oil

More than a billion dollars in government incentives is now available to companies creating ultra-clean fuel. Tulsa-based Syntroleum Corporation does just that. They can turn gas into liquid diesel, which is clearer and cleaner than regular diesel. Now, they want to do the same thing with coal. The United States has a huge amount of […]

After Unocal, a Risk of Revenge?

When China National Offshore Oil Corp. dropped its bid to buy Unocal this month, the Chinese-government-owned company said that political opposition in Washington had scuttled the plan. The question that U.S. oil companies now face is whether they might some day suffer similar political retribution in their own dealings with foreign governments. RigZone

Energy Act Provides Tax Incentives for Energy Efficiency

President Bush signed the Energy Policy Act of 2005 into law on August 8th, setting in motion a process that will yield new tax incentives for consumers and businesses that pursue energy efficiency. The energy act creates a total tax credit of up to $500 for energy efficiency improvements to your home, including credits of […]

Bush Refuses to Rule Out Force Against Iran

US President George W. Bush refused to rule out the use of force against Iran over the Islamic republicArabNews

Coal Becoming Hot Ingredient

Energy experts like to call coal a bridge fuel, leading to a future society based on hydrogen and other renewable energy sources.Hundreds of federally funded researchers are looking into new processes using coal to make natural gas, diesel fuel, jet fuel–and hydrogen.IranDaily

DOE outlines research needed to improve solar energy technologies

To help achieve the Bush Administration’s goal of increased use of solar and other renewable forms of energy, the Department of Energy’s (DOE) Office of Science has released a report describing the basic research needed to produce “revolutionary progress in bringing solar energy to its full potential in the energy marketplace.” The report resulted from […]

The Oil Drum: When is News Not Really News?

The ABC news tonight began with a story on the rising price of gasoline. But when I scan the headlines of the papers, the fact that we hit $66plus today is barely mentioned, And in the ABC piece, the villain seemed to be the oil companies, with nary a mention of the possibility of there […]

Train collides with tanker truck near U.S.-Mexico border

A tanker truck hauling liquid petroleum collided with a freight train, killing at least two people, injuring at least 44 and reducing parts of a border-town settlement to rubble. Witnesses said they heard two large explosions followed by a series of smaller ones Thursday, with gusts of fire ripping through cement-wall homes and blasting off […]

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