The Vermont Convention

James Howard Kunstler, author of The Long Emergency, will be the keynote speaker at The Vermont Convention on Independence to be held in the House Chamber of the State House in Montpelier on Friday October 28th. Sponsored by the Second Vermont Republic, the convention, which will begin at 9:00 a.m. and conclude at 5:00 p.m., […]

Saudi Arabia’s Oil Revenue Highest In 25 Years

Saudi Arabia will generate $163 billion ($6170/person) in oil revenue this year, which is about 49% of America’s total oil bill for 2005.This is the highest profit for Saudi Arabia since 1980 when they made $211 billion (in 2005 dollars) which again works out to be 50% of America’s total energy bill.From theWatt

Oil giants count cost of hurricane season

The world’s biggest oil companies are gearing up to present their latest quarterly profits from this week, providing a first glimpse of their performance in the wake of hurricanes Katrina and Rita. Key production sites in the Gulf of Mexico were battered by storms in late summer, forcing the shutdown of major US oil refineries […]

Some Oil Flows From Iran Soroush, Nowruz Fields

Crude production has resumed at Iran’s Soroush and Nowruz oil fields, although the two offshore fields “aren’t running at their plateau of 130,000 barrels-a-day,” an Iranian oil official told Dow Jones Newswires Monday…. Earlier Monday, tanker trackers Petrologistics revised down its estimate for crude supplied by Iran in September to 3.6 million b/d from its […]

‘Back To Basics’ Living By 2020?

Households in 2020 could be purged of their modern luxuries and forced to revert to simpler standards of living unless action is taken now to reduce escalating levels of carbon dioxide emissions, according to independent research commissioned by the Energy Saving Trust. A panel of experts have predicted two alternative scenarios for life in 2020 […]

Don’t let oil harm global prosperity – IMF

By Rodrigo de Rato, managing director of the International Monetary Fund. Oil prices have nearly doubled since 2003, and are likely to remain at historically high levels for the foreseeable future. Fortunately, although some countries are seeing signs of lower growth and rising inflation, the global economic expansion has continued. To sustain global prosperity, however, […]

Loaded, nuclear power plant stands ready

The Tianwan nuclear power station in this coastal city of east China’s Jiangsu Province started nuclear operation Sunday morning, as fuel loading for its No.1 generator, which began last week, is proceeding smoothly. The Tianwan station boasts so far the largest generators in installed capacity in China, sources at the power station said. China Daily

Russia’s secret weapon

The Gazprom behemoth dominates Europe and is already the largest-producing energy company in the world. Now, with the recently announced plans to buy Russian-based Sibneft for $13.1 billion, open up half its stock to foreign investors and expand into energy projects across the globe, Gazprom says it could out-earn even international giants such as ExxonMobil […]

Fill ‘er up — with beer?

Newspaper reports Coors is selling ethanol created from beer production waste. NEW YORK (CNN/Money) – Believe it or not, your car could be fueled by beer According to a news report in Monday’s Denver Post, Coors Brewing Co. uses waste from the beer production process to produce approximately 1.5 million gallons of ethanol, which is […]

The way to play oil stocks now

Earnings could fall dramatically if rising prices lead to reduced demand — here’s a way to cope. NEW YORK (Fortune) – Americans may not be happy about spending $40 for a tank of gasoline, but they’re coping. Problem is, just as we’re adapting to one energy shock, another is lurking in our boilers and furnaces. […]

Iraqi oil exports grind to a halt

Oil exports from Iraq have been completely halted by a combination of attacks and bad weather, reports say. Four sabotage attacks brought exports from Northern Iraq to a halt on Sunday and officials warned the damage may take a month to repair. BBC

A Leak in the Ecuadorian Oil Adventure

While rivers are being polluted, rainforests cut down and the health of citizens severely threatened by the oil industry, this black gold continues to flow through Ecuador. I am in the northern part of the Ecuadorian Amazon, visiting oil fields and researching the contamination of rivers, soil and forest in order to gain insight into […]

Oil exports to China to soar

Venezuela, the world’s fifth-largest oil exporter, expects petroleum exports to China to rise about sixfold this year as it seeks to diversify its customer base. Oil exports to China are expected to end the year at about 80,000 barrels per day (bpd), Energy and Petroleum Minister Rafael Ram The Daily Journal

Rice tour raises China’s energy hackles

Between October 11 and 13, US Secretary of State Condoleezza Rice made a brisk tour of five “stans”: Kyrgyzstan, Afghanistan, Pakistan, Kazakhstan and Tajikistan. Analysts say that one key purpose of the journey was to strengthen US influence on Central Asia, especially with regard to energy security. The backdrop to Rice’s visit was the subtle […]

More Use of Oil Eyed for Power Plants

Massachusetts environmental officials, hoping to stave off natural gas shortages and blackouts, are weighing whether to let four gas-powered plants switch to dirtier oil up to 50 percent more often this winter in a move that could sharply increase pollution. State regulations restrict the number of days the four gas-powered plants are allowed to burn […]

Sunny Future For Nanocrystal Solar Cells

BERKELEY, CA Science Daily

Saudi Petroleum Reserves and Rivalry over Peak Production

Al-Hayat – The issue of petroleum reserves has taken, on the international level, especially in the Kingdom of Saudi Arabia, a large share of the media debate over the past months. Many opinions surfaced, claiming that the Saudi production (which reflects the amount of available reserve for production) has reached its peak and is about […]

Washington’s Cold Shoulder

The weather is turning cold, and home heating fuel is increasingly unaffordable. The Energy Department recently reported that households should expect to pay 48 percent more this year for natural gas, on average, and nearly a third more for oil and propane – assuming a “normal” winter and no further supply disruptions like Katrina. In […]

Asking a lot of a gas line

Alaska wants a pipeline, but we need to think about our wants Alaskans agree on several things about the proposed North Slope natural gas pipeline. We want jobs, lots of them. We want to burn the gas in our homes and offices and electrical-generating power plants, which will mean expensive valves and facilities and pipelines […]

Japan-China Oil Dispute Escalates

Relations Already Uneasy as Tokyo Accuses Beijing of Tapping Disputed Fields TOKYO, Oct. 21 — China has completed at least one new drilling platform in the East China Sea and may already be tapping into hotly contested natural gas and oil fields, escalating a dispute with Japan over the rights to billions of dollars worth […]

Going Where Oil Giants Fear to Tread

LONDON, Oct. 21 – The very risk and uncertainty that have made the international oil companies wary of going into Iraq has attracted small, aggressive engineering, drilling and contracting firms to the country. “Like any market, people will take opportunities where they can,” said Norman Davidson Kelly, the president of Tigris Petroleum, which is working […]

Climate change ‘could ruin drive to eradicate poverty’

Britain’s most senior independent scientist has warned that global warming threatens to ruin the international initiative to lift Africa out of poverty. Lord May of Oxford, the president of the Royal Society, said the cost of dealing with the adverse effects of climate change could soak up all the aid to African countries. …However, Lord […]

Biox to use palm oil for biodiesel plants

JAKARTA, Thurs: Biox Group BV, a Netherlands-based biofuel producer, says it will spend e250 million (e1 = RM4.51) on building four 50MW power plants that use palm oil as fuel and sell shares for the first time. Each plant will generate as much as 100 million euros in annual sales, starting early 2007 when the […]

IEA Head Warns Oil Supply Could Tighten Again

IEA Oil Market Report for September 2005, table 2 lists OECD demand of 49,47 Mb/d for 2004.For 2005 the subject report lists demand for OECD to 49,88 Mb/d.Non-OECD demand is projected to grow to 33,60 Mb/d in 2005, up from 32,66 Mb/d in 2004. OECD stocks was in July 2005 2 667,4 Mb versus 2 […]

Arctic exploration creates new alliances

The bleak and barren landscape of Europe’s Arctic north belies the glittering glory of the oil and gas riches hidden in its underbelly. The 1,400 square metre large Shtokman field is set to become the world’s largest offshore gas field with 3.2 trillion cubic metres of gas contained in reservoirs two kilometres below the seabed, […]

Outside View: The Oil Tsunami

The global oil market environment is becoming a target of opportunity for terrorists and world powers. The terrorists increasingly see disruptions of oil facilities as a valid strategy in their war against governments they oppose. World powers like China, Japan, the United States and India are driven into increasing confrontation fighting for diminishing oil supplies. […]

How to Kick the Oil Habit

If anyone harbored any doubts that hybrid cars are hot, last week the 2005 Tokyo Motor Show put them to rest. Carmakers practically ran over one another promoting their versions in attempts to catch up with Honda and Toyota, the technology’s pioneers. The frenzy to churn out hybrids and their technological cousins is so fierce that archrivals GM, […]

Alberta oil sands: a new source for oil

THE petroleum-drenched sands of Alberta (Canada) are going to be the greatest oil deposits of North America in future, according to a recent international press report.At a time, when world oil output is lagging behind the global demand for oil and security concerns hinder efforts to increase crude oil production, the aforesaid deposits offer a […]

It’s the End of Oil / Oil Is Here to Stay

World oil production is about to reach a peak and go into its final decline. For years, a handful of petroleum geologists, including me, have been predicting peak oil before 2007, but in an era of cheap oil, few people listened. Lately, several major oil companies seem to have got the message. One of Chevron’s ads says […]

US Battery & Fuel Cell Materials Demand to Reach US$3.4 Billion in 2009

US demand for battery and fuel cell materials is projected to increase 5.9 percent annually through 2009 to $3.4 billion. FuelCellToday

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