Suddenly, Those Solar Panels Don’t Look So 1970’s

AS prices for coal, natural gas and oil have soared, solar power has been getting perhaps its most serious look from investors since President Jimmy Carter pulled on a cardigan and asked Americans to damp their furnaces. The new interest means that the handful of domestic solar stocks has been surging, too. Over the last […]

Why Cheap Gas Is a Bad Habit

Higher pump prices would help push Americans away from gas guzzlers. Sept. 19, 2005 issue – What this country needs is $4-a-gallon gasoline or, maybe, $5. We don’t need it today, but we do need it over the next seven to 10 years via a steadily rising oil tax. Coupled with stricter fuel-economy standards, higher […]

OPEC Denies Report Sec-Gen Called for Output Hike

OPEC denied on Sunday that its Acting Secretary General Adnan Shihab-Eldin said in a magazine interview that his organisation wanted to increase production by just under 2 million barrels a day. An interview with the German magazine Der Spiegel, released before publication on Saturday, quoted Shihab-Eldin as saying OPEC members wanted to announce an increase […]

Heating Oil Prices Could Become ‘Life Or Death’ This Winter

With fuel prices surging because of Hurricane Katrina, there are no guarantees heating oil won’t hit an unprecedented $3 a gallon. And officials worry that federal heating assistance for the poor will fall short of what’s necessary to keep people warm. “Three-dollar-a-gallon gasoline is an inconvenience and a hardship. Three-dollar-a-gallon heating oil is life or […]

Iran takes over Pipelineistan

TEHRAN – The black chador-clad secretaries behind rows of flat computer monitors at the Petroleum Ministry building in central Tehran are all smiles. Not to mention their bosses. No wonder. According to the ministry’s latest estimates in August, Iran will export at least US$60 billion in oil in 2005 – more than $10 billion more […]

Storm Stretches Refiners Past a Perilous Point

Hurricane Katrina confirmed the worst predictions. Wreaking havoc along the coastal states, drowning New Orleans and leaving many dead, the storm shut down nearly all the gulf’s offshore oil and gas production for over a week. Racing to restore operations, the industry has brought about 60 percent of that back. But even more crucially, it […]

Koppelaar’s Oil Peak

Rembrandt Koppelaar at the Netherlands Foundation for Peak Oil has just produced an interesting analysis of future production. It’s a bottom up analysis in the style of CERA or Chris Skrebowski’s ODAC analysis. But here’s his bottom line: about 2% annual growth in total liquids supply to a peak in 2013 at around 95mbpd and […]

Much of Gulf of Mexico Oil Still Blocked

Over 120 Gulf of Mexico oil and gas platforms were still shut down Saturday and nearly 60 percent of the gulf’s normal daily oil production remained blocked from the market because of evacuations due to Hurricane Katrina, a federal agency said. Following a survey of 56 energy companies, the Minerals Management Service reported that 122 […]

Algae to fuel our cars?

Several teams of U.S. researchers are working on the idea of building algal farms to produce hydrogen for the fuel cells that will power our cars in a decade or two. According to ScienCentral News, we generate today ten million tons of hydrogen. But by re-engineering algae at the molecular level, it would be feasible […]

Will synthetic motor oil help you save gas?

Royal Purple Ltd., headquartered in Porter, north of Houston, claims that its synthetic motor oil’s “low coefficient of friction routinely produces meaningful improvements in fuel economy,” according to its Web site www.royalpurple.com VictoriaAdvocate

Oil firms act to avert French tax

Oil giants BP and Total have agreed to cut French fuel prices after government threats to levy a new tax on oil firms in the face of soaring crude prices. Total cut prices by 0.03 euros a litre for petrol and 0.02 euros per litre for diesel. BP said it would follow suit on Monday […]

EU ministers urge oil output rise

EU finance ministers have called on oil producing countries to make sure there is enough fuel to meet global demand. He said: “The EU is currently engaged in dialogues with Russia, Norway and Opec, and we have noted the message by Opec that they stand ready to supply additional oil when necessary.” Mr Brown also […]

Oil prices will fall, says Opec official

We, at Opec, have no interest at all in record oil prices. Nobody should slide into a recession,” he said while condemning the major oil firms for taking “exorbitant profits” instead of urgently investing “in the refineries which are needed”. GulfNews

EU wants gas price talks before WTO accession

Saudi Arabia’s trade deal with Washington removes its biggest hurdle to joining the World Trade Organisation but a European Union official said yesterday the oil giant must still address EU questions over Saudi gas prices.GulfNews

Green Power Switch experiences ‘rebirth’

After waning interest during the past year, TVA’s renewable energy Green Power Switch program has become a bit more energized. About 8,600 homes and businesses have signed up for the program, an increase of about 14% from this time last year.Tennessean

Alternative Fuel Stocks Skyrocketing

That’s good news for Spire Corp., which makes solar cell manufacturing equipment. The company makes a profit and has solid sales, but it still received a letter from the Nasdaq Listing Qualifications Panel in April saying that Spire was no longer in compliance with the exchange’s $10 million stockholders’ equity requirement. That put it in […]

It’s a gas, gas, gas

But if you want to get a view of life beyond petroleum, you will have to take the bus. To be precise, you will have to hang around in central London for one of three hydrogen-powered vehicles currently running through the capital’s streets. Independent

Changing gear

IT IS an old chestnutEconomist

U.S. should ease oil use

The United States will come under pressure to use energy more efficiently at international financial meetings in Washington this month, a senior European Union official said Saturday. Luxembourg Prime Minister Jean-Claude Juncker told reporters at a meeting of finance ministers in Manchester the United States had to improve its energy efficiency. CNNMoney

Britain Must Use Less Oil, Says Brown

Britain must use less oil, Gordon Brown is to warn as the Government braces itself for rocketing petrol prices and the threat of fuel protests. The damage caused by Hurricane Katrina has affected supplies and sent the price of oil soaring – hitting motorists in the pocket and prompting British Gas to raise fuel bills. […]

Prescott links global warming to Katrina

John Prescott sparked controversy yesterday by linking America’s refusal to tackle climate change to the devastation of the New Orleans hurricane. The Deputy Prime Minister caused potential embarrassment for Britain by drawing a parallel between the US city destroyed by Hurricane Katrina and island states that scientists believe are under threat of being swamped. Guardian

Secret plan to ration fuel on the forecourt

Motorists face rationing at petrol stations under emergency plans that are being drawn up by ministers to combat this week’s fuel protests, The Independent on Sunday has learnt. Ministers met secretly last week to finalise the Government’s response to blockades of Britain’s refineries threatened for Wednesday. Petrol prices – which passed the The Independent

US Gulf Oil, Gas Output Recovery Hits A Lull

HOUSTON – The recovery of U.S. Gulf of Mexico energy production from the havoc wrought by Hurricane Katrina hit a lull on Thursday, as some oil companies examined their offshore facilities and awaited news from pipeline operators on damages to undersea infrastructure. Schlumberger

Europe: U.S. Should Ease Oil Use

The United States will come under pressure to use energy more efficiently at international financial meetings in Washington this month, a senior European Union official said Saturday. Luxembourg Prime Minister Jean-Claude Juncker told reporters at a meeting of finance ministers in Manchester the United States had to improve its energy efficiency.CNN Money

OPEC May Boost Output

OPEC wants to increase output by just under two million barrels a day because its members are not interested in record high prices that could trigger a recession, Acting General Secretary Shihab-Eldin Adnan was quoted as saying in an interview published Saturday. In an interview with Der Spiegel magazine released ahead of publication, Shihab-Eldin said […]

On Oil Supply, Opinions Aren’t Scarce

“We’re halfway through the hydrocarbon era,” my old friend T. Boone Pickens has been saying for the last couple of years. You may remember Mr. Pickens as the most famous corporate raider of the 1980’s, but he has spent his life in the oil patch. A folksy line like Mr. Pickens’s – it sticks with […]

Addressing Mature Production and Other Global Challenges

Schlumberger Chief Executive Andrew Gould spoke with JPT Editor John Donnelly on the challenges facing the oil and gas industry in mature basins. Gould: I think that general interest will be focused on how the industry can build and maintain production. There will obviously be a focus on the North Sea and the changes that […]

Clinton urges China to find alternative energy sources

“You will have to come to grips with significant challenges to your growth,” Clinton said at an Internet conference in this eastern resort city, warning that the energy consumption required to keep China’s economy growing at its recent rate of more than 9 per cent is “unsustainable.” “If we don’t do it, it will eventually […]

Danish Researchers Reveal New Hydrogen Storage Technology

Scientists at the Technical University of Denmark have invented a technology which may be an important step towards the hydrogen economy: a hydrogen tablet that effectively stores hydrogen in an inexpensive and safe material. The reason is that the tablet consists solely of ammonia absorbed efficiently in sea-salt. Ammonia is produced by a combination of […]

Accentuate the alternative

The past few months have seen record levels of investment in renewable energy amid fears that high oil prices are here to stay. Last month, Impax, an investment group focusing on alternative energy, successfully raised Guardian

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