The economics of the Teheran gas pipeline – India

The proposal to import natural gas from Iran seems in theory, to be a good idea. It will no doubt augment our energy resources in the hydrocarbon sector. There are, however, a few pitfalls against which we should guard ourselves if we are not to end up losers in the bargain The political ramifications of […]

Seven questions: Oil’s future in a finite world

High gasoline prices have returned oil to the forefront of the national debate. Matthew Simmons, an energy industry investment banker, is a leading voice warning of resourceinvestor

Auditors warn of oil and gas tax increases

Ernst & Young, the auditors whose clients produce more than half the North Sea’s oil and gas, has warned it is “almost inevitable” the government will raise taxes on oil and natural gas companies this autumn. The likelihood of a tax increase prompted analysts at Merrill Lynch, the investment bank, to advise its clients not […]

Partnerships will help solve energy conflicts

In recent years, as the world economy has grown, demand for energy has risen. With oil prices constantly ascending, China’s energy security has encountered severe challenges. China should adopt proactive measures to tackle the problem and ensure the sustainable growth of its economy. ChinaDaily

Bush renews call for more refineries

Democrats and a moderate Republican on the Senate Environment Committee blocked a bill Wednesday that would help U.S. oil companies build or expand refineries. But President Bush persisted, repeating his call for more U.S. refining capacity soon after the Senate Environment Committee’s vote. “We need more supply of gasoline for the sake of our consumers […]

No Oil Company Left Behind, yet where

Exxon Mobil Corp.citizen-times

Will Renewable Energy Crops Drive Future Of Farming?

This week’s announcement by Secretary of State, Peter Hain, that Northern Ireland has the opportunity to become a centre of alternative energy excellence is good news for the farming industry. Given the backdrop of a fast-increasing oil prices, the new EU support measures, the imminent introduction of the Nitrates Directive and the ongoing uncertainty about […]

Govt urged to back rail, boat systems to cut fuel costs

The Thai Chamber of Commerce (TCC) will today propose that the government speed up the development of alternative energy sources and increase the use of rail and water transport. Sanan Angubolkul, chairman of the chamberTheNation

OPEC president: Prices leveling

OPEC’s president Sheikh Ahmad al-Fahd al-Sabah said Saturday oil prices were approaching a level acceptable to both consumers and producers after recent decreases. “The growth in demand has started to be less than before and we hope the prices will be (soon) … acceptable to the consumer and the producer,” Sheikh Ahmad, also Kuwait’s oil […]

Our View: West’s Energy Promise Demands Forward Look

Last week in Bozeman, political leaders, environmentalists and energy experts convened for an attempt at a regional approach toward helping resolve the energy crisis. That’s because we can’t count on the federal government, declared Montana Gov. Brian Schweitzer. The Democratic governor took a swipe at the energy bill passed by Congress this summer, saying “If […]

Blair pushes for ‘eco-friendly’ petrol and cleaner, greener cars

It smells of popcorn, can be made from chip fat, and may just help save the planet. Every motorist in Britain will shortly be filling their tanks with eco-friendly petrol under government plans to tackle climate change. The nation’s cars will switch to using a mix of ordinary diesel or petrol with ‘biofuel’, a cleaner […]

US Hopes of Oil Supply Stability Still a Pipe Dream

IT IS being proclaimed as the ‘Silk Road’ of the 21st-century, opening up a flow of wealth from East to West almost unrivalled since the days of Marco Polo. The 1,000-mile, $3.6bn Trans-Caucasian oil pipeline between the landlocked Caspian Sea and the Mediterranean will deliver one million barrels a day to western markets, with the […]

A junk food freak switches to organic

I’m one of those guys that, for years, has kept the processed food industry alive. Pizza, white bread, soda, etc – my idea of switching to healthy food was eating rice crackers instead of Lays. I’m not a fat guy, but I was clearly headed to a day when that would be my station in […]

‘Energy sector cooperation to benefit India, Brazil, S Africa’

India, Brazil and South Africa must strengthen cooperation in the energy sector under the banner of IBSA Trilateral Alliance to cash in on complementarities and promote trade, according to the National Consultation on ”South-South Economic Cooperation”…In the energy sector, it was felt that India, South Africa and Brazil can solve 10 to 15 per cent […]

Half of Coral Reefs Could Be Destroyed

Nearly half of the world’s coral reefs may be lost in the next 40 years unless urgent measures are taken to protect them against the threat of climate change, according to a new report released Tuesday by the World Conservation Union. The Swiss-based organization called for the establishment of additional marine protected areas to prevent […]

Oilman calls for energy summit

The high price of gasoline and spiraling cost of other forms of energy in the United States are crying out for an energy summit, a Permian Basin oilman said. Yet even as industry officials are urging that course, in Congress calls are being heard for another windfall profits tax. Midland independent producer Bob Landreth said […]

Price mechanism of energy, resources to be reformed

Chinese Vice Premier Zeng Peiyan said Friday that a quicker process should be adopted to set up a price forming mechanism reflecting market supply and demand of energy and resources. Special efforts should go to the five areas of water, electricity, oil and natural gas, coal and land resources, Zeng said at Friday’s national conference […]

W. African ministers meet on rural energy policy

Energy ministers from the 15 members of the Economic Community of West Africa (ECOWAS) met on Friday in Ghana’s capital Accra to adopt a policy document for increasing access to energy services for rural populations in West Africa. ECOWAS said in a statement in Abuja that the ministers also considered issues on the establishment of […]

Susilo officiates 13 oil and gas fields

President Susilo Bambang Yudhoyono is reiterating calls for energy conservation and diversification amid the country’s steadily declining oil production, saying that without such efforts, Indonesia will face a serious energy crisis eventually. … “In fact, if there are no new discoveries, the oil reserves will run out in 18 years,” said Susilo. The Jakarta Post

ABIOGENIC OIL AND THE MYSTERY OF TITAN’S METHANE

As the Huygens probe descended through the smog-like atmosphere of Saturn’s moon Titan, it revealed a strangely earth-like topography of river channels and a frozen sea. It also created a new mystery: what is the origin of the moon’s abundant methane? The question has only intensified the tone of the debate over the origin of […]

Ecuador needs $500 mln in oil investment – minister

Ecuador’s oil industry needs at least $500 million of investment to bring its aging infrastructure up to scratch, Ecuadorean Economy Minister Magdalena Barreiro said on Friday. State-owned oil producer Petroecuador lacks funds and its oil industry has attracted little foreign investment in recent years. …“The lack of production is not down to a lack of […]

Nano visionary Richard Smalley dies

Richard Smalley, a Rice University professor who helped jump-start the field of nanotechnology, died Friday after a long bout with cancer. In the past few years, Smalley became an outspoken advocate for dedicating research to alternative energy technologies. “It may be a greater challenge for us than the Cold War…to make it possible for 10 […]

Country’s first soy fuel-injection facility opens in Pa.

A fuel-blending facility that is up and running in Pennsylvania is the first in the nation that can inject soy-based additives into diesel or other fuels before they are put into tanker trucks, officials said Friday. Fuel marketers typically combine soy-based additives with diesel or heating oil in tanker trucks by “sloshing” them together. The […]

OPEC to lift output ceiling by 2mln bpd ”whenever necessary”

The majority of the Organization of Petroleum Exporting Countries (OPEC) have agreed on rising output ceiling by two million barrels per day (bpd) “when necessary”.     This was announced by OPEC President Sheikh Ahmad Al-Fahd Al-Ahmad Al-Sabah on Monday, the Kuwait News Agency (KUNA) reported. Xinhua

Senator orders probe into high energy prices

Amid record-high earnings from oil companies, Senate Majority Leader Bill Frist Thursday ordered a Senate hearing with testimony from major oil company executives on why energy prices are high. The unexpected announcement by the chamberMSNBC   <a href=”http://www.fox27.com/news/default.asp?mode=shownews&id=1855″>Fox</a>

Peak oil and how to face it

…The shortages are much smaller, and much later, if enough early planning is made. As you understand, demand will not be higher than supply (beyond small stock adjustments), and thus prices will increase until they destroy – brutally – the necessary demand at any given moment. That means either shortages and lines, rationing, or very […]

Tunisia Opened to Foreign Oil Exploration

Foreign companies will be able to look for oil and natural gas in 82 percent of Tunisian territory, Minister of Industry, Energy, Small and Medium Businesses Afifi Chelbi announced in Tunis on Friday. Authorities in this north African nation have decided to extend the area to 53,300 square miles in which foreign firms may search […]

Global Partnership for Renewable Energy

Working to accelerate the provision of energy services to those currently un-served or underserved, and the introduction of renewable energy and energy efficiency, particularly to the benefit of the rural poor, two global energy partnerships formed at the World Summit for Sustainable Development have signed an agreement to work together in a number of areas. […]

Finnish oil company to build mass production biofuel plant

Neste Oil Corporation, one of the largest independent oil refiners in northern Europe, has revealed plans to build an ambitious biofuel production facility on the site of its Porvoo refinery in Finland.   The Finnish oil company is believed to be investing E100 million into the construction of its new plant, which is slated to […]

Oil industry unlikely to build more refineries

Don’t expect the oil industry to boost fuel production merely to deflect criticism from Congress about soaring prices and profits. Energy executives and analysts insist that in spite of the supply crunch that has kept oil above $50 a barrel for much of the year, demand and prices are still prone to ups and downs, […]

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