Oil crisis hits dairy prices

THE soaring price of petrol is about to hit the family food budget, with a litre of milk set to rise by 16c from Monday because of fuel costs. In the first sign that the pain being felt at the bowser has spread to the grocery bill, Dairy Farmers said it had been forced to […]

Can Americans Eat Locally?

Yahoo! Corporation Executive Chef Robert Hart had a dilemma — a few thousand hungry diners, and the threat of no sandwich bread. “I was stuck without a local source for yeast. So I found local apple cider, fermented it, and made my own sourdough starter,” said Hart. “This is not just an esoteric exercise — […]

We can do this the nice way … or the nasty way

[Look, I hate to say it, but I need to say it. We told you so. This article sums up the actualization of almost everything we have been writing and warning about for more than a year. I am not happy to have been right. No one at FTW is happy to have been right. […]

Saudi Arabia: A Whole New Drill

Anticipating a rise in long-term demand, the kingdom is ramping up production Saudi Arabia’s image as master of the oil patch has been taking a beating of late. For months global markets have fretted that the Saudis can’t or won’t produce enough oil to keep a lid on soaring prices. Politicians around the world are […]

ASEAN, China, Japan, South Korea mull oil stockpile

Ministers from 13 east Asian countries pledged to shore up energy security in the wake of record oil prices and said they would work towards sealing a world free trade agreement in Hong Kong later this year. The trade and economic ministers from the 10-nation ASEAN block plus China, Japan and South Korea also raised […]

Rita wreaks havoc on oil rigs, platforms

Hurricane may have caused more damage than Katrina DALLAS – Hurricane Rita may have caused more damage to rigs and platforms than any Gulf of Mexico storm

The Oil Drum: Demand Destruction Isn’t Working Out So Well…

When you start to look at the financial implications of high oil and gasoline prices on the individual consumer, it becomes obvious that there are many subtle factors contributing to the problem. Because they’re so subtle, consumers may not realize for a while what a bind they’re in.More after the jump to The Oil Drum.

Many reduce gasoline usage

Americans have cut their gasoline use notably, an apparent response to the high prices that pre-dated Hurricanes Katrina and Rita and shortages that followed. Small, fuel-efficient cars were 15.7% of new vehicle sales last month, according to Power Information Network, up from their typical level of about 14%. More important, owners of every type of […]

Fossil Fuels Set to Become Relics, Says Research Group

WASHINGTON, D.C., Sep 28 (OneWorld) – Energy drawn from the wind, tide, sun, Earth’s heat, and farm waste is poised to begin replacing oil and other fossil fuels, a prominent research group said Wednesday in a wake-up call to industry executives and government officials worldwide. ”Energy markets are about to experience a seismic shift,” Christopher […]

British Energy calls on Blair to give nuclear go-ahead next year

Tony Blair must give the go-ahead for a new generation of nuclear power stations by the end of next year if the Government is to meet its climate-change targets and safeguard security of supply, the chief executive of British Energy, Bill Coley, said yesterday. His comments follow the Prime Minister’s announcement at the Labour conference […]

G7 communique urges greater energy conservation

Since the oil price started moving past $30 a barrel in earnest almost two years ago, policy makers from the seven leading industrialised economies have been calling on producing countries to step up output. At the weekend, spurred by concerns that soaring oil prices might soon start to retard growth, they also put forward a […]

Gazprom to Buy Sibneft Stake for $13.01B

Russia’s state gas monopoly Gazprom struck a deal Wednesday to pay $13.01 billion for control of the private Sibneft oil company, consolidating the government’s grip over the strategic energy industry. The biggest purchase in Russian corporate history will give President Vladimir Putin’s administration authority over about a third of the nation’s crude oil output — […]

Ethanol focus of oil deal: Australia

Restoring consumer confidence in ethanol will be the focus of an agreement forged between oil companies and the Federal Government yesterday to increase the use of bio-fuels. Shell, Caltex, Exxon-Mobil and BP committed themselves to developing their own plans to lift Australia’s biofuels use to 350 million litres by 2010 after a meeting Prime Minister […]

Russia’’s oil exports to outstrip production

Russia’s oil production will increase 3 percent this year, finance minister Alexei Kudrin told an investment conference, “Investment in the Russian economy”, today. Over the past four years, oil output had increased by more than 40 percent, he added. Kudrin said Russia’s oil exports would increase faster than oil production in 2005. Oil exports have […]

Oil prices – is the EU doing enough?

On 28 September, the European Parliament discussed the Commission’s action plan to counter high oil prices. Accelerating the EU’s energy efficiency strategy, increasing the use of alternative energies, improving the transparency and predictability of the oil markets, increasing the supply of oil and gas, and streamlining the EU’s oil stocks are the five main elements […]

Petrel targets Iraq oil fields after

EXPLORATION firm Petrel Resources is looking at several oil fields in Iraq after being awarded a $197 million (IrishExaminer

DOE Releases Climate Change Plan

The U.S. Climate Change Technology Program’s draft Strategic Plan provides direction and organizes about $3 billion in federal spending for the climate change-related R&D needed to reduce greenhouse gas emissions and power economic growth. renewableenergyaccess

Oil industry

THE energy industry is failing to take into account the role renewable energy sources will play in the future, delegates at the World Petroleum congress in Sandton heard yesterday. Royal Dutch ShellBusinessDay

Sasol in talks over US project

Sasol, the world’s biggest maker of motor fuel from coal, and Royal Dutch Shell are in talks to provide technology for the first US plant that will produce diesel from waste coal.The plant would be in Gilberton, Pennsylvania, and would have the capacity to produce 5 000 barrels of fuel a day, John Rich, the […]

New Biodiesel Requirement

The American Lung Association of Minnesota, a longtime promoter of cleaner-burning vehicles and fuels, today hailed the start of Minnesota’s first-in-the-nation biodiesel mandate. Effective September 29, 2005, most diesel fuel sold in the state will be a “B2″ biodiesel blend that contains two percent renewable fuel derived from vegetable (usually soy) oils or animal fats. […]

The Vicious Pincer: Jim Kunstler

Shouts of deliverance rang through the gallerias and subdivisions of Houston, while the picture of what happened off-shore remains murky. Rita might have spared the nation’s fourth biggest metroplex, and most of the chemical-cracking infrastructure on-shore around it. But clawing up between Beaumont and Lake Charles, she cut a path through the densest concentration of […]

Saudi Storms

The shoot-out earlier this month around a seafront villa in the Saudi Arabian city of Ad Dammam lasted almost 48 hours, and ended only when security forces brought in light artillery….. If the incident made few headlines at the time, it’s because it ended on Sept. 6, when the United StatesNewsweek

Gulf Gas Outages Persist, Raising Concerns

Volumes of U.S. oil and natural gas production shut down in the Gulf of Mexico in the wake of Hurricanes Rita and Katrina failed to show any improvement Wednesday, according to the Minerals Management Service, even as companies said they were restarting some output. One hundred percent of oil production in the region, or 1.5 […]

Annual Report on China’s Petrochemical Industry, 2004-2005

The report sums up the development of the global and Chinese petrochemical industries in 2004. Through detailed data and full elaboration, it reveals the structure and competition pattern of China’s petrochemical industry. Meanwhile, it also presents a comprehensive assessment of the operational strategies and competitiveness of key enterprises in the industry.NAMC

iraq: Special force tries to keep the oil wells pumping

Iraq contains the worldMMorning

Katrina, Rita Could Supply 50,000 Megawatts of Renewable Energy

Green Energy Resources (Pink Sheets:GRGR) is forging American efforts to recycle hurricane damaged wood for renewable energy. Hurricane wood waste could generate up to 10 percent of America’s electric power needs. MSNMoney

Opec Plans to Build at Least 10 New Oil Refineries By 2011

Opec plans to build at least 10 new oil refineries in its member countries by 2011. This would increase the current capacities by nearly 3% and make it possible to process another 2.4 mil barrels/d worldwide. The plans apply to Saudi Arabia, Kuwait, Qatar, Venezuela and some other countries. RedNova

Plans to Test Promising CO2 Removal Technology

FirstEnergy Corp. (NYSE: FE), and Powerspan Corp., a clean energy technology company, announced plans to pilot test a promising carbon-dioxide (CO2) removal technology beginning in late 2006. PRNewsWire

White House Fears A Run On Petrol Supplies

President George W. Bush’s call for the US public to conserve energy is aimed at preventing a run on petrol at a time when the US is precariously short of it. Energy companies have been trucking fuel in from various parts of the US to restock pumps that ran dry in Texas, following two hurricanes […]

Smaller Cars Enjoy New Chic

Dealers Notice SUV Demand Dropping Off John Mathews of Universal Toyota in San Antonio has witnessed the day that auto industry executives in Detroit said would never come. “We are seeing people who are driving $40,000 Suburbans trading them in on $15,000 Corollas,” said Mathews, who manages a dealership in a state where big trucks […]

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