West Africa Pipeline Deal Raises Human Rights Concerns

The human rights group Amnesty International is accusing the giant U.S. oil company ExxonMobil of putting profits over human rights with its involvement in a West African oil pipeline. “What is at stake here is the sovereignty of national governments in the face of the overwhelming power of global corporations.” PolitInfo

Fuel tax freeze to offset price rises caused by Katrina

Gordon Brown is expected to freeze fuel duty again to help motorists and companies hit by soaring petrol and diesel prices after Hurricane Katrina. The Chancellor is calling for concerted international action to bring oil prices down to “sustainable” levels given the growing risk to world economic growth and the damaging impact on households and […]

Rising fuel prices leave no way out

Residents of the globe’s poorest nations are hit the hardest The same soaring fuel prices squeezing family pocketbooks and slicing into cooperate profits in the United States and Europe are especially catastrophic in the poorest corners of the globe. Here, more money spent on gasoline can push small businesses into bankruptcy and families into poverty, […]

Crude oil supplies overwhelm refineries

The US and Europe are releasing more emergency crude oil than refineries in the Gulf of Mexico can handle, reinforcing suspicions that governments are using the crisis triggered by Hurricane Katrina to cap record oil prices. US refineries will on Friday begin to bid for the 30m barrels of crude oil that the US government […]

Let a hundred reactors bloom

Not far from the fabled Silk Road city of Dunhuang in northwestern Gansu province, Chinese scientists are drilling boreholes deep into the Beishan Mountains. It is here that China expects to permanently store the radioactive wastes that are accumulating from its rapidly expanding nuclear power industry. Asia Times

Volkswagen to Make Hybrid Cars with China

Volkswagen will start making hybrid cars by 2008 with its main Chinese partner and may kick off large-scale production of the energy-efficient vehicles by 2010, the Chinese company said on Thursday. Europe’s biggest car maker is teaming up with Shanghai Automotive in a project that could spur China’s hunt for alternative energy sources and curb […]

China seeks oil, energy ties with Canada

Chinese President Hu Jintao lauded his country’s joint role with Canada in promoting global peace and development Thursday, arriving on his first state visit here with the goal of improving oil and energy ties. Hu’s visit was aimed at celebrating 35 years of diplomatic links and rapidly expanding trade between the two nations, but also […]

Germany`s energy future enters campaign

Energy is the hot topic in German politics as oil and gas prices are shooting through the roof. Less than two weeks before the country heads to the polls to choose a new government, the oil shortage has fueled the campaigns. ..Several lawmakers and Schroeder have in recent days questioned the 40-year-old linkage of German […]

Wallonian workers strike in protest over fuel costs

Brussels – Staff of the Caterpillar factory staged a snap strike on Thursday in protest against high fuel costs and the loss of purchasing power. And in Li Expatica

Electricity and water rationed in Nicaragua.

Rolling blackouts to start tomorrow (Friday) even with rate hikes. Pumps that supply drinking water also without power for up to six hours at a time. The menace has converted into something irreversible. Rolling blackouts will be back tomorrow, and with them, water outages. They (the blackouts) will be distributed equally all over the country […]

BA fuel surcharges to rise again

British Airways is to increase fuel surcharges on long-haul tickets bought in the UK for the fifth time in the past 18 months. The increase, taking effect from 12 September, means customers will pay a BBC

Oil release may not cut petrol prices

FEARS are mounting that Europe and America face a long period of high petrol prices after it was revealed that a release of emergency fuel stocks would contain only small quantities of petrol, insufficient to make up the supply shortfall caused by Hurricane Katrina. The International Energy Agency (IEA) disclosed yesterday that a planned release […]

Fuel protesters threaten to mount refinery blockade

The organisers of a protest against the cost of fuel that caused chaos across Britain five years ago threatened to act again as petrol prices broke the Financial Times

Warmer soils add to climate worry

Higher UK temperatures are causing soils to “exhale” large quantities of carbon dioxide, probably accelerating global warming, scientists report. They base their assessment on a huge analysis of soil samples gathered from across England and Wales over 25 years.BBC

Ancient humans ‘altered’ climate

Humans were influencing the climate long before the Industrial Revolution, new research suggests. Levels of methane rose steadily in the atmosphere in the first millennium, according to an analysis of gases trapped in ice beneath Antarctica.BBC

CIBC World Markets Predicts $100 Per Barrel Oil Within Years

TORONTO – CIBC World Markets has raised its forecast for oil prices (West Texas Intermediate) for next year to $84 a barrel from $65 a barrel. In a news release, CIBC World Markets said it expects to see $100 a barrel of oil “sooner rather than later.” A study released on Thursday predicts that oil […]

A Report on the Energy Sector After Hurricane Katrina

We think Hurricane Katrina was the catalyst that will ignite a long term interest in the energy sector. Many investors who here-to-date have expected energy prices to fall back to levels seen in the 1990FinancialSense.com Poster’s Comments: This author is very bullish on the energy investment sector as a result of what happened during Katrina […]

The Oil Drum: The Senate and Price Gouging

Yesterday, Super G opened up a discussion about what level is the biggest cause of the rising price of gasoline. Our source, who helped explain how the industry works, suspects that price gouging is most likely to be found at the retail levelIf only the government understood how the market works. This morning, NPR had […]

Windsave inventor shortlisted for Scottish Entrepreneur Award

Windsave was established in 2002 by Mr Gordon after he invented and patented both commercial and domestic small wind turbine generator system using low wind speeds to create electricity, avoiding the use of batteries. The Windsave System feeds electricity directly into a property simply by plugging into a 13amp socket on the consumer side of […]

Florida coast drilling gets second look

Drilling rigs seeking oil and natural gas could creep farther east in the Gulf of Mexico if Congress approves a plan to drill for oil in Florida coastal areas now off limits. PensacolaNews

Big Oil’s secret strategy

A consumer group is publicizing a series of memos marked “highly confidential” alleging major oil companies WorldNetDaily

Analyst Doubts Substantive Energy Bill Will Be Adopted in Wake of Katrina

While there will be “a lot of noise” on Capitol Hill in the wake of Hurricane Katrina, energy analyst Christine Tezak doubts there will be “substantive legislation” adopted to change the way domestic energy markets operate. She believes a number of provisions that didn’t make it into the recently enacted energy bill could be revisited […]

Thousands of gouging complaints filed

We’ve received well over 7,000 complaints related to pricing and the majority of those have been about gasoline compliance,” said Jacob Ray of the Mississippi Attorney General’s office. We are prepared to immediately conduct a comprehensive inquiry, and if necessary we will issue subpoenas to oil companies to obtain records necessary to determine the relevant […]

Operators Must Pull Out the Stops to Avoid UK Gas Crisis

Uk Gas resources are in a precarious state, with output falling faster than either the Department of Trade or the UK Offshore Operators Association had anticipated, according to a leading Scottish energy economist. Tony Mackay, of Mackay Consultants, warns that official projections show UK production remaining in the range 85-100billion cu m per year for […]

Another storm would devastate US energy: analysts

U.S. oil and natural gas supplies would be devastated if another strong storm hits while the Gulf of Mexico is recovering from Hurricane Katrina, energy analysts said on Wednesday. “We certainly can’t stand another storm,” said Tom Bentz, vice president and senior energy analyst for BNP Paribas Commodity Futures Inc. “That’s why people are watching […]

The Peak-Oil Crisis: The Storms of August

It has become fashionable in peak oil circles to make the comparison between the current summer and that of 1914Falls Church News-Press

Environmental groups call on Canada

Environmental activists are calling on CanadaInvestmentExecutive

Biodiesel project continues to gain ground

Iowa Renewable Energy has raised more than $2 million in preliminary development seed money from capital investors interested in IRE’s Washington biodiesel plant project.  IRE’s biodiesel proposal would build a $50 million, 30 million gallons-per-year biodiesel production facility in Washington and establish a foothold in the biodiesel market in southeast Iowa.Washington Evening

Soybean Oil Cost-Effective Energy Alternative

Agriculture Secretary Dennis Wolff today signed an Adams County firm to the PA Preferred program, underscoring Governor Edward G. Rendell’s commitment to advancing alternative and renewable energy technologies. The company, Soy Energy Inc. of New Oxford, transforms soybeans to refined soy oil that can be used as a fuel extender in diesel engines. Use of […]

Bush Calls for US Refiners to Boost Fuel Output

The White House has told US refiners to postpone all scheduled maintenance in a drive to maximise petrol and diesel production as the administration raised its oil price forecasts on Wednesday in the wake of Hurricane Katrina. A senior executive from a big refinery in Houston said: Financial Times

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy