Dual-fuel program aids auto industry

The energy bill President Bush signed into law Monday will give incentives to automakers to produce “dual-fuel” vehicles for at least 10 years, quashing a lawsuit that threatened to bring the program to an end. In a lawsuit filed last year, Public Citizen, the Natural Resources Defense Council and the Center for Auto Safety argued […]

Canadian school boards watch energy budgets bulge

Area school board officials are expecting a year of high energy costs — from heating and cooling their buildings, to busing school kids around. Oil prices have risen more than 45 per cent in the past year, climbing as high as $66 US a barrel yesterday, a record high, with demand for natural gas and […]

Euro bank offers aid to gas project

The European Investment Bank has offered to assist the National Government of Papua New Guinea with its equity for the PNG gas pipeline project. Foreign Affairs Minister Sir Rabbie Namaliu confirmed the offer, saying it was good news for the National Government. He said the National Government through Minister for Finance and Treasury Bart Philemon […]

Hague urged to compensate drop in purchasing power

Junior coalition partner D66 said on Thursday it would be “very understandable” if the government introduced measures to reduce the financial burden on citizens next year to compensate for a predicted drop in purchasing power. D66 parliamentarian Bert Bakker suggested ministers could use the estimated EUR 1.5 billion windfall in extra natural gas earnings to […]

Greenland glacier triples speed because of climate change: Greenpeace

The Greenland glacier Kangerdlugssuaq has unexpectedly picked up speed and become one the world’s fasted-moving glaciers because of global warming, the environmental organisation Greenpeace said. Independent scientists on board a Greenpeace ship found last month that the glacier, located in eastern Greenland, is moving at a speed of 14 kilometres per year, compared to five […]

Global warming may take economic toll

The White House rejection of government caps on greenhouse gas emissions may save the US economy short-term pain, but experts warn unchecked global heat could exact a heavy long-run toll. “While there are costs associated with reducing emissions, there are certainly costs associated with not doing anything,” said Kevin Forbes, head of Catholic University’s economics […]

Belize discovers oil, secures well

Belize has struck oil. After years of fruitless petroleum exploration by international companies, a private local concern, Belize Natural Energy Limited, and a partner company from Denver have secured a well that since July 30 has been producing an estimated 500 barrels of Grade 38 API sweet light crude oil a day, one of the […]

Major oil, gas discovery in NW China’s Tarim Basin

The Tarim Oilfield Company in northwest China’s Xinjiang Uygur Autonomous Region has made important oil and gas discoveries, with daily oil and gas output forecast at 336 cu m and 340,000 cu m, respectively at a wildcat. The No. 33 wildcat is located in Aksu County in the southern part of Xinjiang, or the northern […]

High oil prices threaten survival of textile, cement sectors – Pakistan

The latest increase in international oil prices to a record $65 per barrel has crippled the industry depending on the bi-products of the crude oil or using it as raw material while the most important textile sector of the country is bound to pay a heavy price for the escalating crude oil prices. Rising international […]

World’s largest solar installation to use Stirling engine technology

20-year purchase agreement between Southern California Edison and Stirling Energy Systems, Inc. will result in 20,000+ dish array, covering 4,500 acres, and capable of generating 500 MW — more electricity than all other U.S. solar projects combined.

Change is blowing for wind power industry

Cape Wind is well on its way to building an $800 million, 420-megawatt, 130-turbine wind farm in Nantucket Sound offshore Cape Cod, Mass. The company has completed detailed engineering studies for the project. A 3,800-page Environmental Impact Statement, involving three years of study and 17 federal and state agencies, is awaiting final approval from the […]

FBI: Terror Attacks Feared in L.A., N.Y., Chicago

The FBI has warned police that al-Qaida cells might use fuel trucks as weapons to attack Los Angeles, New York and Chicago, but officials stressed Thursday the warning was based on uncorroborated intelligence. …. The bulletin warned police that terrorists could use fuel tankers in assaults on the three cities between now and mid-September, according […]

Carriers Raise Domestic Fares, Citing Fuel

Several U.S. airlines moved to raise domestic fares by $10 to $20 per round trip as oil prices resumed their upward trek Thursday, reaching the highest level in more than two decades. The hike was initiated Wednesday night by United Airlines and Delta Air Lines Inc., and followed Thursday by US Airways. American Airlines and […]

IEA: High Oil Price Magnifies Econ Impact of Supply Snags

Sky-high oil prices are amplifying the impact that any supply disruption could have on the global economy, an official from the Paris-based International Energy Agency warned Thursday. “Now when prices are so high, even a small supply disruption could cause economic damage,” Klaus Jacoby, head of the IEA’s emergency response unit, told Dow Jones Newswires. […]

China Slowdown Doesn’t Alter Bullish Oil Outlook

The quickening pace of global oil demand could overshadow slowing Chinese energy requirements and support high oil prices. In its monthly report released Thursday, the International Energy Agency said oil demand will grow at a faster pace than it earlier thought this year and next, even as it cut absolute demand because of adjustments to […]

IEA: Despite 2005 Oil Stocks Build, More is Still Needed

The International Energy Agency warned Thursday that despite a rapid build in oil inventories during the first half of 2005, more stocks are still needed. ‘Stocks have built rapidly in the first half of 2005, despite $60 oil, but clearly, the market verdict remains more inventories are needed until investment responses catch up and demand […]

The Course of Our Lives May Be Determined by the First Derivative of a Function

It seems to me that one of the keys to the puzzle of why people don’t understand peak oil and other sustainability issues is innumeracy and a lack of understanding spatial functions.

More after the jump at The Oil Drum.

Past the Peak

As it turned out, Bradford didn’t have to do too much to keep the ball rolling, other than volunteering all of his spare time. That’s because there’s a current running through Willits that harmonizes exactly with what needs to be done to prepare for what petroleum experts call “peak oil.” That current is supplied in […]

Venezuela to Buy Two Tankers, Send Fuel to Argentina

Venezuela will buy two oil tankers from Argentina and swap as much as $200 million in diesel fuel for farm and industrial goods, as Venezuelan President Hugo Chavez seeks to expand his country’s influence in Latin America. The tankers, with a capacity of 300,000 barrels, will cost $112 million, the Argentine government said in a […]

Gasoline stations jammed as fuel crisis deepens

An increasingly acute fuel shortage in southern China is reaching crisis proportions, with long lines of trucks and cars at filling stations throughout Shenzhen and other areas. Recent news reports in Guangdong said many filling stations in the fast- growing province have run low on fuel because of Typhoon Haitang, which hit Taiwan in the […]

Iran Rejects UN Criticism, Plans Nuclear Fuel Exports

Iran rejected a resolution from the United Nations nuclear watchdog agency urging it to freeze a uranium processing program, and vowed to become a nuclear fuel exporter within the next decade. Iran, the second-biggest producer in the Organization of Petroleum Exporting Countries, will develop its nuclear fuel capability for future exports, Nasseri, chief delegate to […]

Qatar: Iraq, Peak Oil & GCC growth

Although the occupation of Iraq has added to the “terrorist/instability premium” in the oil price and contributed in a small way to the lack of spare capacity, it is not the main factor for the current oil price and is therefore does not significantly contribute to the GCC’s current economic boom. The fundamental factor is […]

The Peak-Oil Crisis: A Role for the Post Office

As gasoline becomes less available to the average motorist, either because it costs too much or sitting in gas lines takes too many hours, the first sacrifice will be discretionary use of the car. If your livelihood depends on people coming by car so you can provide discretionary goods or services to them, your business […]

Ghana has 350 Million dollar energy funding gap

Ghana has appealed to her international partners for support to meet a 350 million-dollar gap in her energy funding requirement. So far, India has put forward 15 million dollars in equipment and materials for energy generation. Professor Mike Ocquaye, Minister of Energy, said this in an interview with the Ghana News Agency in Accra on […]

Has India sacrificed at Washington’s altar?

Shortly after his return from a state visit to Washington, Indian Prime Minister Manmohan Singh told the Indian media that the United States had no role in the proposed gas pipeline from Iran to India via Pakistan. It was the umpteenth time this face-saving line had been ritually trotted out in New Delhi, despite evidence […]

Oil prices next Arroyo crisis

With record crude prices that could weaken the economy and undermine her administration, President Arroyo yesterday called on the public to adopt energy conservation measures. “The entire nation, all sectors and communities must engage in a serious effort to conserve energy and support all means to bring down our overall consumption of energy and exploit […]

Independent truckers stage work stoppage

More than 50 independent log truckers parked their rigs and refused to work this morning, as a protest over the high price of fuel – and, they say, timber companies’ refusal to help defray the costs. “They’re paying us on a scale that hasn’t been updated since 1984,” said Rick Smith, president of the Twin […]

FedEx West Coast Hub Goes Solar

FedEx Corp. flipped the switch this week in Oakland, Calif., turning its whole West Coast hub into a solar-generating machine and casting a nice glow on a hometown partnership. The 5,769 panels silently powering the 81,000-square-foot hub were assembled here at Sharp Corp.’s American manufacturing plant, now within weeks of being the largest solar-manufacturing plant […]

Korean Air posts loss despite hedge on fuel

Korean Air Lines reported its first loss in six quarters on Thursday after fuel prices and its tax bill surged. The airline said it had begun hedging fuel costs for the first time. The price of jet fuel rose 44.7 percent in the first six months of 2005, eroding earnings at Korean Air, Cathay Pacific […]

Investors show new interest in N. Korea

In May, Kelvin Chia, one of the first foreign lawyers to receive a license to practice in North Korea, took a party of Indonesian miners on an investment tour. Visiting a coal mine outside Pyongyang, the group was surprised by the welcome from North Korean officials and found that the basic road and power infrastructure […]

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