Boost to CO2 mass extinction idea

A computer simulation of the Earth’s climate 250 million years ago suggests that global warming triggered the so-called “great dying”. A dramatic rise in carbon dioxide caused temperatures to soar to 10 to 30 degrees Celsius higher than today, say US researchers. BBC

Oil, Gas May Soar as Storm Shuts U.S. Gulf Production

Royal Dutch Shell Plc said it shut 420,000 barrels of daily oil production in the Gulf. The Louisiana Offshore Oil Port, which handles about 11 percent of U.S. imports, closed yesterday. Katrina is one of the most powerful storms ever to enter the Gulf, source of about 30 percent of U.S. oil production and 24 […]

OPEC President Concerned About High Prices

The president of OPEC said Sunday the oil cartel is concerned over the rising price of oil and will be looking at ways to ease prices at a September meeting. Sheik Ahmed Fahd Al Ahmed Al Sabah, who is also Kuwait’s oil minister, said in a statement that the Organization of Petroleum Exporting Countries will […]

Analysts: Katrina as `perfect storm’ for high energy prices

NEW YORK (AP) NOLA

Mauritania’s Poor Skeptical on Oil Riches

A history of cracking down ruthlessly on opponents and anger over allying this Muslim nation with the United States in the war on terror and opening full diplomatic relations with Israel six years ago were cited as the prime reasons for a bloodless Aug. 3 coup that toppled President Maaouya Sid’Ahmed Ould Taya. But a […]

Africa’s Oil Comes With Big Downside

Nigeria is the world’s seventh-biggest oil producer, exporting nearly half of the 2.4 million barrels it pumps every day to the United States. Africa’s biggest oil power, home to more than 250 ethnic groups, is only one example of how oil can be a curse on the continent. Yahoo!

Storm Aims for Heart of U.S. Oil Industry

If Hurricane Katrina holds true to predictions and tracks north through the toe of Louisiana’s boot, much of the nation’s oil and natural gas infrastructure will be exposed to 140 mile per hour winds, 30- to 50-foot waves, and water current speeds of around 20 knots all the way from the surface to the sea […]

The Oil Drum: Katrina, Gulf Oil, and Why it is a Bad Thing

Katrina is the Event that introduces the US to Peak Oil. This thing WILL be a big deal, not just because New Orleans is a prime target (remember water has to be pumped out of NO because it is under sea level, and right now with Katrina as a category 5, the estimates are 30 […]

New Orleans to be Evacuated as Katrina’s Winds Near

Authorities in New Orleans ordered hundreds of thousands of residents to flee on Sunday as Hurricane Katrina strengthened into a rare top-ranked storm and barreled toward the vulnerable U.S. Gulf Coast city. Mayor Ray Nagin warned that the dangerous hurricane’s storm surge of up to 28 feet could topple the low-lying city’s levees and flood […]

Indian oil minister to visit Norway to boost energy cooperation

India’s oil minister was due to travel to Norway from Monday to discuss possible joint exploration and production deals on the subcontinent and elsewhere. “We see the possibility of a long-term partnership with Norway in the energy sector,” said the official who was due to accompany the minister, Mani Shankar Aiyar, on the three-day trip. […]

Iran explores oil for Syria and Iraq

A leading Iranian company is in talks with Iraq and Syria on oil exploration in the two countries. Hassan Mohammadi-Moqaddam, managing director of Iran Oil Exploration Operation Company, told Fars news agency that the company is in talks with Syria on possible cooperation, stressing that the company’s experts have already visited the areas in which […]

Railways, Hindustan Petroleum order jatropha fuel

Indian Railways and Hindustan Petroleum have placed orders for jatropha-based bio-diesel from Chhattisgarh, even offering to make payment in advance. With Chhattisgarh ready to make its first ever 3,000-litre per day jatropha-based bio-diesel plant operational within 15 days on the outskirts of the state capital Raipur, private and public sector companies have started rushing in […]

GM pushes fuel cell technology

The fuel cell, a chemical reactor that generates electricity, is still regarded as a futuristic technology. Unlike gas-electric hybrid vehicles, it represents a top-to-bottom change in vehicle technology. It won’t be available in many cars until 2020, the Energy Department predicts. But the fuel cell that GM has developed here in Monroe County is further […]

China to keep Venezuela oil deals low-key

Venezuela and China signed a spate of new oil deals after a high-profile visit this week, but Chinese oil major CNPC plans to keep the relationship low-key until concrete progress is made, an official paper reported. During Energy Minister Rafael Ramirez’s visit to China, the world’s number five oil exporter allocated state-controlled CNPC rights to […]

DuPont adapts to oil costs

..DuPont’s coatings unit is scrambling to figure out its next step as profits and sales volumes drift downward. And the unit’s problems are emblematic of why some investors are souring on DuPont stock. DuPont’s shares hit one-year lows last week after the company reduced the top end of its full-year earnings estimates. Sales volumes declined […]

Venezuela seeks cooperation with Korea in energy sector

A visiting Venezuelan diplomat said here he hopes for wider cooperation with South Korea in the energy industry, combining Korea’s sophisticated technology and the Latin American country’s huge natural resources. … “Although Korea does not have much energy resources on land, especially no oil production, it has the skill to dig up oil and manage […]

The Saga of Oil

By special arrangment with the author, Energy Bulletin presents the saga of oil, from Col. Edwin Drake and the first oil well to Peak Oil. Author Byron W. King has worked as a geologist for an international oil company and is currently an attorney. I think you’ll agree that Byron King has some fascinating stories […]

Katrina Cuts Oil Output by a Third

U.S. energy companies said U.S. Gulf of Mexico crude oil output was cut by more than one-third on Saturday as Hurricane Katrina appeared poised to charge through central production areas toward New Orleans. The Gulf of Mexico is home to roughly a quarter of U.S. domestic oil and gas output, with a capacity to produce […]

Editorial: Oil’s Peak/The End May Be Nearer, It Seems

Until recently, opinion on the future of world oil supplies was dominated by two views. One group of experts held that production would decline fairly soon, within a couple of decades at most. Another group argued that the crude would keep flowing for generations, thanks to ever-advancing detection and drilling technologies. Either way, the scenario […]

UK Gas and Electricity Crisis Looming

The UK could experience a shortfall in gas supplies this winter due primarily to the rapidly declining extraction rate from indigenous reserves in the North Sea and the countryVital Trivia Blog

Fuel Shortage at Sydney Airport

Jet fuel is being rationed at Sydney airport after a significant portion was found to be unusable and flight delays may occur if supplies do not return to normal quickly. Testing has shown the fuel is “off specification” because it has low levels of an element that ensures there is no static build-up when the […]

Hurricane Katrina Heading for the Heart of US Oil and Gas Production

This is a CBS Market Watch Report that talks about the shift in the current storm track of hurricane Katrina. On Friday oil closed lower on the NYMEX largely due to forecasts that had Katrina tracking west of major US oil and gas production. The updated storm track path takes the storm through major US […]

The Silent Oil Crisis

In this article we look at how just because developed economies are not suffering like they did during the 1970s that the oil crisis has not already begun.  The final oil crisis has begun, silent to us, but dangerously there.More at Power Switch

Iran sees nuclear agreement with EU as possible

Iran’s newly-appointed chief nuclear negotiator Ali Larijani on Friday said agreement with the European Union over the country’s controversial nuclear programme was possible, but reiterated Iran’s right to enrich uranium in order to generate nuclear power. Speaking in Vienna following talks with International Atomic Energy Agency (IAEA) Director General Mohamed ElBaradei, Larijani said the differences […]

Petrol Price Panic: Nigeria

Barring last minute change, a litre of petrol may cost between N72.00 and N75.00 from Monday following Nigerian National Petroleum Corporation’s (NNPC) decision yesterday to stop its alleged N600 million daily subsidy on the product forthwith. …The House, while condemning the incessant price hikes, stressed that Nigerians are already impoverished and warned that they may […]

Taking India’s fight to the Hill

Recent reports indicate that the Indian Embassy in Washington, following consultations with New Delhi, has appointed Washington’s lobbying heavyweight, Barbour Griffith & Rogers International (BG&R), which could get down to business as early as next month. ..What triggered the appointment is the India-US nuclear deal, which is expected to be discussed in the US Congress […]

German power producers trying to get something for nothing

As part of Germany’s preparation for the EU Emissions Trading Scheme, the country’s power generators received free emissions credits under the National Allocation Scheme. However, they are now charging their customers the market price of those credits, as if they had to pay for them themselves. Understandably, the country’s Federal Cartel Office is not best […]

China prepares to tax gas guzzlers

Alarmed by high world oil prices and sporadic shortages of gasoline and diesel fuel in big cities this summer, China’s leaders are drafting plans to impose steep taxes on cars and sport utility vehicles with gas-guzzling engines. The taxes would add as much as 27 percent to the price of vehicles with big engines, notably […]

Oil price rise presents opportunities for corruption

Soaring oil prices will make it harder to persuade oil-producing developing countries to enforce transparency in their oil and mining industries, according to the head of an advisory group set up to push for such rules. Peter Eigen, founder and chairman of the anti-corruption campaign Transparency International, said much progress had been made in encouraging […]

China, Philippines, Vietnam Start Oil Survey in S. China Sea

China began cooperation with the Philippines and Vietnam in a joint marine seismic undertaking in the disputed South China Sea area, and a ceremony for the project was held on Friday. The China National Offshore Oil Corporation (CNOOC), China’s largest offshore oil producer, announced Friday that one of its subsidiaries, China Oilfield Services Ltd. (COS), […]

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