Britain’s burgeoning rail network

Passengers travelled 25.8 billion miles in 2004, up 40 per cent in ten years. This was the highest rate of growth in Europe, the study by the Association of Train Operating Companies found. The number of passenger journeys has also increased faster in Britain than in other European countries. The Times

Tesco’s oil warning sends food retailers into retreat

Sir Terry Leahy warned yesterday that the high oil price was a “concern” for Tesco, the UK’s most successful supermarket group. Stressing that not even Tesco was immune to a steep increase in the oil price, Sir Terry said the group’s costs would rise to The Independent

Aviation ‘huge threat to CO2 aim’

If the rapid growth in air travel is not curbed UK households and businesses will have to cut carbon dioxide emissions to zero, a report has warned. The action is needed if the government aim of reducing emissions by 60% before 2050 is to be met, the Tyndall Centre for Climate Change Research argues. BBC

As bankruptcy looms, airlines face new regulation

High oil prices, new safety rules, environmental concerns, tax-for-aid, state aid restrictions, passenger rights – the pressure is piling up on European airlines with no apparent policy co-ordination. ..The bad news for European airlines began in February this year when the European Commission said it was considering new regulatory measures to curb the impact of […]

Firms Pressure Russia To Adopt Kyoto Mechanisms

Two top Russian firms, power monopoly UES and services group Sistema, pressed the government on Monday to pass laws needed to implement the Kyoto Protocol, saying a lack of clarity was endangering environmental projects. A year ago, Russia’s ratification of the treaty, which seeks to stabilise emissions of greenhouse gases, was greeted with jubilation by […]

Fuel shortages reach unprecedented levels

The shortage of fuel has reached unprecedented levels in Bulawayo and has virtually paralysed essential services with the ambulance and criminal justice system grinding to a halt, Chronicle learnt yesterday. Fuel shortages have seen the price of the commodity shooting to as much as $100 000 per litre of petrol on the black market while […]

In oil boom, Mexico’s Pemex struggles

Pemex, Mexico’s state oil monopoly, is one of the world’s largest oil companies, pumping more than any company outside the Middle East. Prices are climbing and production is at a record. So why is the company starved for cash? Its proven reserves are dwindling, and last year fell 7.7 percent. Its main oil field, Cantarell, […]

Nigeria announces 2.5 billion dollars energy project

Nigerian President Olusegun Obasanjo has announced a 2.5-billion-dollar Special Energy Project designed to improve the energy sector by 2007 in Africa’s top oil producer. In a letter dated September 9 and read by Senate President Ken Nnamani to Tuesday’s plenary, Obasanjo said the project was ” designed to address the energy problems on all sides: […]

Cairn Energy boosts Indian field estimates

Cairn Energy has upgraded estimates of the size of oil discoveries in Rajasthan, sending its shares up strongly and increasing speculation it could become a takeover target. The Edinburgh-based exploration and production company said independent verification meant it could say the Mangala, Bhagyam and Aishwariya fields had 1.7bn barrels of proven and probable crude.Guardian

New bill on energy to push refineries

A key House Republican busily crafting a new energy bill wants to encourage construction of oil refineries but opposes forcing automakers to churn out vehicles that get better gas mileage. HoustonChronicle

India moots energy axis with China, Russia

India, Russia and China have agreed to hold a trilateral business conference next year to consider ways and means of strengthening and expanding cooperation in various areas among the three countries. ExpressIndia

Russia Could Discover Huge Offshore Oil Fields

The Russian shelf could contain more than 100 billion tonnes of oil equivalent, including 11 billion tonnes of commercial reserves. RigZoneame

For Oil Companies, Less Is More

High prices are changing the economics of marginal oil developments; but oil companies are not betting the prices will last. With benchmark prices topping $70 a barrel on Aug. 30, and contracts for future delivery holding above $60, the companies are looking again at projects demanding expensive technology and secondary recovery techniques, and at unconventional […]

UQM Technologies Receives IQ Innovation Award

UQM Technologies Inc. (Frederick, CO), a developer of alternative energy technologies, announced that it has received the 2005 Innovation Quotient (IQ) Award in transportation for its hybrid-electric starter/motor/generator product. PowerPulse

More Blood, Less Oil

..From all that can be seen, oil production in Iraq is likely to remain depressed for years, no matter how much more blood is shed in its pursuit. It is already evident that American military action will not lead to democracy in Iraq, merely to the division of the country into separate ethnic enclaves, one […]

The future could be now for hydrogen energy

Using electric power to extract hydrogen from water and then using that hydrogen to replace supplies now produced from high-cost natural gas is straightforward. As the infrastructure for producing, distributing and using hydrogen grows — and cars with fuel cells running on hydrogen fuel begin to appear in large numbers — this domestically produced fuel […]

US Economy To Take Only Short-Term Hit From Katrina

Analysts including forecasters at the Congressional Budget Office say Katrina could shave 0.5 to 1.0 percentage points off US growth over the next two quarters. President George W. Bush has promised “one of the largest reconstruction efforts ever” in the flooded city of New Orleans, McClellan recalled.TerraDaily

Refiners retool for heavy oil

Oil companies are retooling their refineries to improve the processing of heavy crude, the cheapest grade of unrefined oil. Price gaps are widening among the three basic grades. West Texas Intermediate Crude, a light oil, costs about $10 a barrel more than Dubai Crude, a medium oil. In January 2002, the difference was only $1. […]

Peak Oil and Japan’s Food Dependence

..How are food and oil related? They’re actually intimately related, because we use oil for fertilizer, to fuel farm machinery, to make the plastic wrap and packages, to transport the produce, and so on. We literally and figuratively eat oil. For every calorie of food we eat, probably 10 or more calories of energy have […]

Huge wind farm moves ahead

McLean County is on track to becoming home to one of the largest wind farms in the world next spring. The 275-turbine farm is expected to generate enough electricity to power 120,000 homes.Pantagraph

Abraham: Alternative energy sources to boom

Former US Secretary of Energy Spencer Abraham told delegates at the MARHedge World Wealth Summit yesterday to expect growing investment opportunities in areas such as nuclear power, liquefied gas and clean energy technologies as increasing demand for energy continues to test supply across the globe. RoyalGazette

Militia Threatens Oil Installations

A militia with a history of violence in Nigeria’s oil-rich south threatened to blow up oil installations if the government did not release its leader, after he was reportedly arrested Tuesday. Dozens of soldiers and police arrested Moujahid Dokubo-Asari, the main militia leader in Nigeria’s south, at his office in the oil city of Port […]

California Solar Bill Fails

Solar power proponents were disappointed Friday after a bill that would have been the largest solar initiative in the nation failed due to a dispute over whether electricians installing the panels would earn prevailing union wages. CaliforniaRed Herring

Michael Klare on Iraq’s Sea of Oil

The strangest aspect of media coverage of our invasion and occupation of Iraq involved that country’s oil. Everyone, including the Bush administration, was well aware that Iraq sat on a sea of it. It was obvious that Middle Eastern oil was a global lifeline and an ever more valuable commodity; and yet, unless you were […]

Russia Oil Output Growth Seen Slowing Further Next Yr – Energy Minister

Russian crude production has grown at a slower rate this year compared with 2004 and will decelerate further in 2006, Russian Energy Minister Viktor Khristenko said. ‘During the first eight months of this year, oil extraction increased by 2.5 percent to 310 million tonnes, whereas last year growth was 10 percent,’ he was quoted as […]

Sandinistas in Venezuela oil deal

Nicaragua’s left-wing opposition party has announced an agreement to buy Venezuelan oil at preferential rates. Sandinista leader Daniel Ortega said councils governed by the party would be able to buy oil at a 40% discount. The rise of global oil prices has caused an energy crisis in Nicaragua which has led to power rationing. But […]

TOD: Where is the worst spot (for the oil industry) that Rita could hit in TX?

We asked our industry insider that same question. Her answer was interesting…More after the jump to The Oil Drum.

Iran Warns It Could Quit Nuclear Treaty, Issues Oil Threat

Iran’s top nuclear negotiator Ali Larijani warned that Tehran could quit the Non-Proliferation Treaty (NPT) if it is subjected to the ‘language of force’ in a stand-off over its nuclear programme. Responding to European efforts to haul Iran before the UN Security Council over ‘breaches’ of international atomic safeguards, Larijani also said Tehran would link […]

Hardline Legislator Says Iran Should Leave OPEC

There is no economic justification for Iran’s continued membership in OPEC since the organization is currently acting contrary to its initial goal of keeping crude oil prices high, said a hardline Iranian lawmaker Saturday, in remarks in the daily Sharq. “I believe our presence in OPEC is not necessary… (since) the philosophical existence of OPEC […]

Ford exec: Japanese hogging hybrid parts

Ford would offer more hybrids, COO says, if more parts were available. DETROIT (Reuters) – Ford Motor Co. could be offering more hybrid vehicles if it weren’t for the shortage of specialized components, partly due to the “predatory” approach taken by some Japanese automakers, Ford Chief Operating Officer Jim Padilla said Tuesday. “It is a […]

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