BP FORMS BP ALTERNATIVE ENERGY

BP today announced that it plans to double its investment in alternative and renewable energies to create a new low-carbon power business with the growth potential to deliver revenues of around $6 billion a year within the next decade. Building on the success of BP Solar – which expects to hit revenues of $1 billion […]

BP Goliath plays David

Lord Browne has just come back from the US and says he is suffering from jetlag. As an opening remark it is a typical bit of reverse bravado from the BP chief executive. But have enough of BP’s record profits gone into preparing British energy infrastructure and fending off this winter’s potential energy crisis? Browne […]

SOLAR ENERGY COSTS DIFFER

How much you’ll pay in city fees to put solar panels on your home depends on where you live — and some fees around Silicon Valley are so high they are placing a cloud over renewable energy, according to a new study. Saratoga, for example, charges $95 for a permit to install solar panels on […]

Laser Fusion Milestone Achieved

A major milestone was reached recently when scientists at Lawrence Livermore National Laboratory in California reported that they had demonstrated that laser pulses shot into a cavity can produce the conditions required to trigger nuclear fusion reactions.  The finding was a crucial test of principle for Livermore’s National Ignition Facility (NIF), the $3.5 billion complex […]

Gov’t Yet To Use Nuclear Energy Source Due To Cost, Security Factors

KUALA LUMPUR, Nov 28 (Bernama) — The government has already considered the possibility of using nuclear energy but has decided against it after considering the security and high cost factors, the Dewan Rakyat was told Monday.“Besides the security concern, the cost to build the nuclear energy is very high and would take eight to ten […]

Fifty babies a year are alive after abortion

In practice, according to Stuart Campbell, former professor of obstetrics and gynecology at St George

No More Cheap Gas, Russia Tells Neighbors

Russia said Friday that it would stop supplying subsidized energy to some former Soviet republics and charge them at world rates, putting further strain on the Commonwealth of Independent States. Russia — whose role as the region’s main energy provider gives it considerable clout — has hinted it is trying to devise a new model […]

Criteria set for palm oil production, WWF says

Consumers can soon enjoy various products made from oil palm without endangering the sustainability of conservation of tropical forests and endangered species. The World Wide Fund for Nature (WWF) announced recently that a group of producers, buyers, retailers, financial institutions and NGOs had accepted a set of criteria for the responsible production of palm oil. […]

Iraqi Official: Oil Crisis is Attributed to not Paying Turkey’s and Kuwait’s Due

In a statement to reporters, Dr. Mohamed Al Aboudi, general manger of the Iraqi oil derivatives distribution company, disclosed the reasons for the aggravation of the gasoline crisis, once again. He added that the reasons are not relating to distribution, but are attributed to the fact that Iraq’s State Oil Marketing Company (SOMO) is delayed […]

Arabs to net record oil income in 2005

Arab states netted one of their highest oil incomes in 2004 and the revenues are projected to climb by a staggering $78 billion to peak at $280 billion in 2005, according to Dr Nicolas Sarkis, Director of the Paris-based Arab Petroleum Research Centre.. ..” A reasonable price for oil is increasingly the price that has […]

Venezuela’s state oil company to push new ‘’social production” model

Venezuela’s state-owned oil company Petroleos de Venezuela SA (PDVSA) will use loans and contracts to promote a new business model called “social production”, Oil Minister Rafael Ramirez told Venezuelan radio and television on Sunday. Under the scheme, companies will fund social programs, share profits with workers and use some of their profits to help create […]

Nigerian troops sent in as fugitive governor’s return sparks oil region unrest

Hundreds of Nigerian troops were deployed to the capital of the country’s biggest oil producing region after militant youths rallied around state governor Diepreye Alamieyeseigha, who returned to the country last week after skipping bail in Britain. …Bayelsa is the heartland of Nigeria’s oil industry, which is the world’s biggest exporter of crude and produces […]

OPEC president sees no need to cut oil production

OPEC’s president said yesterday there is no need for the cartel to cut production when it meets next month and described oil prices as being at a reasonable level. The United Arab Emirates’ oil minister said, however, that the cartel, which meets in Kuwait on Dec. 12, may consider rolling over a two million barrels […]

Spain and Italy accused of causing UK energy crisis

Spain and Italy are causing a gas crisis in the UK by keeping gas supplies to themselves, a UK regulator has warned. British media report that Ofgem, a UK energy regulator, has urged the European Commission to investigate alleged dysfunctions in the EU gas market which it claims has caused a gas crisis in the […]

Fitzsimons: Surely the time is now?

Oil prices have doubled in 18 months. Our oil dependence is showing up in the current account deficit and in the inflation rate. During the last few months I’ve been meeting with groups of 100 or so people around the country and showing The End of Suburbia. Citizens, unlike governments, are taking it seriously and […]

Airline, auto sectors ripe for carbon market: IEA

Rapidly rising pollution by the aviation industry, which is not covered by targets in the Kyoto protocol to combat global warming, could be slashed through inclusion in the EU carbon market, an International Energy Agency report suggests…. The report argues that the auto industry could also be included in the pioneering pollution market and this […]

Indian cash eyes West Africa oil

India is offering West African nations up to $1bn (More at the BBC.

Report Suggests Taxing Hybrid Cars

Taxing hybrids and other fuel-efficient cars and billing drivers for miles driven are among the approaches being suggested to avert a shortfall in money to maintain the nation’s highways. Less than four months after President Bush signed a six-year, $286.4 billion highway and public transit act, a report commissioned by the US Chamber of Commerce […]

No choice over nuclear – UK environment secretary Beckett

Nuclear power may have to be embraced in a bid to combat climate change even though it is not a “sustainable” energy source, UK environment secretary Margaret Beckett has admitted.The environment secretary said she was very reluctant to build new nuclear power stations, but that she had “accepted that it could happen”. But Mrs Beckett […]

Clock is ticking on production peak, experts say

The high energy prices that have put this year into the record books have also fostered the rebirth of a concept most Americans aren’t comfortable with — conservation. This time it’s not just about sweaters and fireplaces. It’s about energy efficiency. And it’s hot. Homeowners are bulking up with extra attic insulation and talking about […]

Oil-rich Venezuela covets nuclear power

BRASIHT

Solar power doesn’t go out after a hurricane

Among the many solutions to hurricane power outages, one that has gotten little attention is the use of solar energy.The city of Coral Springs in Broward County used seven solar traffic signals after Hurricane Wilma hit, and officials say they were so successful they have ordered another four – even though they cost $10,000 each.heraldtribune

Document: Execs met with Cheney aides

A White House document shows oil executives met with Vice President Dick Cheney’s 2001 energy task force that critics say secretly formed energy policy favorable to the industry, The Washington Post reported Wednesday. The newspaper said the document shows that officials from Exxon MobilCorp. (Research), Conoco (before its merger with Phillips), Shell Oil Co. and […]

Biodiesel cars fuel interest in soybeans

Thanks to hefty petroleum prices, a tax incentive that began this year and a desire for cleaner-burning alternative fuels, biodiesel plants are popping up nationwide. While still a fraction of petroleum output, the National Biodiesel Board expects that 75 million gallons of biodiesel — which also can be made from other plant products and used […]

New technologies may unlock more Mideast oil

Recently developed technologies will help find and extract more crude from the Middle East, the world’s richest-oil region, according to oil ministers and executives. “Raising average conventional oil recovery from 35 per cent to 45 per cent” by using new techniques in the Middle East and around the world “could add some 20 years of […]

U.S. has plans for Canada oil sands

In the north of the remote Alberta province rests the equivalent of 1.7 trillion barrels of oil. About 176 billion barrels is recoverable with today’s technology, and perhaps twice that amount is potentially recoverable. “It’s the single largest hydrocarbon deposit on the Earth, and it’s next door to the biggest market for oil products: the […]

Is coal the answer?

Recent studies show the Illinois Basin is on the verge of a major upswing in demand because of the amount of new scrubbing going online to meet sulfur emission limits. The Illinois Basin Coal Supply, Demand and Price Trends Study by Hill and Associates concluded the Illinois Basin is seeing a resurgence similar to what […]

Return of King Coal

Britain’s coal industry could enjoy a resurgence with new mines created and existing pits re-opened in an effort to tackle the country’s deepening energy crisis. He said: “We have very limited stocks of oil and gas yet we have hundreds of years’ worth of known coal reserves right on our doorstep.telegraph

Nuclear power? Don’t dismiss it

Last week, Tony Blair hinted that he was prepared to go ahead with a new generation of nuclear reactors at an as yet unknown cost. With about 50 years of oil reserves left and maybe 85 years of gas, the struggle for control of the world’s energy resources will increasingly dictate events. It will impact […]

Arctic booms as climate change melts polar ice cap

The 14 million sq km Arctic Ocean is home to 25 per cent of the planet’s unextracted oil and natural gas. With a population of four million, the region is much more stable than the Middle East. Global warming, in combination with the current high oil price, makes it ever more accessible. Yet the bordering […]

« 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