Gas prices ‘may spark recession’

A Qatar firm that is to supply a fifth of Britain’s future gas warns high prices could spark a global recession. Gas prices are at record levels with global demand for energy boosted by economic growth in China and India. Faisal al-Suwaidi, head of Qatargas, warned the high prices could spark a recession in the […]

Warm glow of Irish peat takes edge off oil woes

As an autumn gale assails his hilltop cottage, Pepijn Martius sits beside a peat-fired stove, savoring the earthy smell and glowing warmth that has cost him little more than a sore back. “For my pocket it’s much better,” said the 27-year-old Dutchman. “If I would heat with oil or gas I would spend probably quadruple […]

Iran offered N. Korea oil for weapons help

Iran has offered North Korea oil and natural gas as payment for help in developing nuclear missiles, German weekly magazine Der Spiegel reported on Saturday, citing unidentified Western intelligence sources. Yahoo

Albertans eye piece of $7B pie

Albertans started lining up for pieces of the action as soon as the $7-billion Mackenzie Gas Project was revived. If the Arctic gas project survives its anticipated year of regulatory reviews, Flint expects to do an annual $200 million-worth of northern work in 2007, ‘08 and ‘09.canada

Rebates and credits fuel alternative energy sources

On an unusually bright autumn day, Ina Cabanas climbed onto her roof to see her long-held vision realized. That dazzling sun would finally fuel her house. Helping her in this venture was an unusual partner: New Jersey. The state has become a national model for solar power.thevictoriaadvocate

UK citizens fear the terminal decline in global oil supply

A series of events in the UK in December aimed at raising awareness of the imminent peak and decline of global oil supply looks to press PRLEAP

UK gas industry on brink of winter crisis

Britain’s gas industry is on a knife edge this winter and could tip into crisis if there is a major breakdown in its aging North Sea fields and pipelines, analysts said. Europe’s biggest consumer is fast running out of gas from the fields that once made it self sufficient and kept UK prices among the […]

Russia pressing for world energy market transparency

Russia views a transparent and predictable global oil and gas market as the foundation of global energy security, the Russian minister of industry and energy said Friday. “We do not conceal information about [our] plans to develop the energy sector, the volumes and regions of production, and our other activities that can affect the global […]

With gas drilling on rise, plenty of jobs opening in oil field

Ashley Lantz had no idea what her major would be back when she was a freshman at Colorado School of Mines, but she liked the idea of living in exotic places. Lantz, 23, decided on petroleum engineering. Now, shethestate

Energy costs become global concern

Long underwear in South Korea, extra sweaters in U.S. classrooms, rising sales of wood-burning stoves in Denmark. Winter is here, and because of a spike in heating costs, people from Tokyo to Toledo are looking for alternatives to oil. Heating oil and other energy prices are up to 40 percent higher than three years ago. […]

Climate talks – hoops and hot air

November 2005: the Kyoto Protocol has been in force for six years, emissions of greenhouse gases are falling fast, and all governments accept the message of urgency coming from mainstream climate science. Richer states are preparing to pledge cuts of 30% by 2020, as a step towards their declared aim of 90% reductions by 2050; […]

How coal is cleaning up its act

Coal is back on the agenda as a serious player in meeting the world’s future energy demands. Politicians and industry experts hope the development of “clean coal technology” will also make the fuel environmentally acceptable among its climate conscience citizens. BBC

Real Oil Crisis

November 24: The Australian science TV show Catalyst featured interviews with Dr Doug Schwebel (ExxonMobil), Barry Jones (the late; Former Executive Director Australian Petroleum Produciton Exploration Association (APPEA)), geologist Dr Jeremy Leggett, Eric Streitberg (Managing Director ARC Energy) and others. What would happen if the world were to start running out of oil? Conventional wisdom […]

`Oil prices hitting Asian economies`

China today said the rising international oil prices had slowed down consumption, particularly in Asia where the most rapid economic development in the world was taking place. Addressing the Asian Oil ministers’ round table, China’s ambassador (external and plenipotentiary) Sun Yuxi said the Chinese government had been continuously opening up the oil industry, especially after […]

Asian oil stakeholders agree on regional order

North and Central Asian oil producers and principal Asian consumers on Friday decided to forge a partnership towards developing an Asian oil and gas order and creating inter-dependencies. The first round table of Oil Ministers from Russia, Kazakhstan, Uzbekistan, Turkmenistan and Azerbaijan with principal Asian oil and gas consuming countries — Japan, South Korea, China, […]

Rivals in pact for oilfields: source

The flagship state energy firms of China and India, normally arch-rivals in the race for overseas oilfields, are teaming up for the first time to bid for a $1 billion package of assets in Syria. China National Petroleum Corp. (CNPC) and India’s Oil and Natural Gas Corp. (ONGC) (ONGC.BO: Quote, Profile, Research) are bidding for […]

Gas guzzler China plans to build gas reserves

China, the biggest gas guzzler in the world, is set to build strategic reserves to avoid supply disruptions. This comes close on the heels of India’s decision to build a strategic oil and gas storage. Further, the fastest developing economy is considering rapid expansion in investments in the energy sector. Both domestic and foreign companies […]

Sea level rise doubles in 150 years

Global warming is doubling the rate of sea level rise around the world, but attempts to stop it by cutting back on greenhouse gas emissions are likely to be futile, leading researchers will warn today. The oceans will rise nearly half a metre by the end of the century, forcing coastlines back by hundreds of […]

South Korea to Deepen Energy Ties with Two LatAm Nations

South Korea plans to expand energy-related cooperation with Venezuela and Peru to reduce the country’s vulnerability to sudden fluctuations in oil and natural mineral prices, Yonhap News Agency reported Tuesday, citing the commerce ministry. Later this week, S Korea’s Ministry of Commerce, Industry and Energy will send a resources inspection team to Venezuela to discuss […]

Nation to tap hydropower

China plans to increase its hydroelectric power installed capacity by 80 percent to 180 million kilowatts in the next five years, a senior development and reform official said Friday. China also sets the goal to triple the capacity to 300 million kilowatts by the year 2020, said Zhang Guobao, vice minister of the National Development […]

Image problems lead to worker shortage in oil industry

DOHA, Qatar–Who wants to work for an oil company? Apparently not too many college students. Oil and gas companies are in the midst of a personnel crisis, according to several speakers and attendees at the International Petroleum Technology Conference taking place in Doha, Qatar this week. Global enrollment in geosciences and other university majors relevant […]

Uncertain Future for Power in West

PORTLAND, Ore. – There is general consensus that the West needs more long-distance power lines. The big question is, who pays for them? Another is, who controls them? And finally, how much should it cost to use them? Utility managers and regulators say those questions need to be answered soon – before demand outstrips the […]

Winter, High Oil Costs Cause Global Chills

VIENNA, Austria – Long underwear in South Korea, extra sweaters in U.S. classrooms, rising sales of wood-burning stoves in Denmark. Winter is here, and because of a spike in heating costs, people from Tokyo to Toledo are looking for alternatives to oil. Heating oil and other energy prices are up to 40 percent higher than […]

India seeks Asian oil and gas grid

India on Friday called for cooperation in Asia – the largest producer and fastest growing consumer of oil and gas – for forging an Asian oil and gas community and proposed a study for forming an oil and gas grid for the continent. economictimes

The world should not rely on fossil fuel

Huge deposits of methane, a greenhouse gas 20 times more potent than carbon dioxide, are locked in permafrost, which is beginning to melt quickly all over the world. Methane released from melting permafrost could quickly eliminate most life in the Arctic. As the methane drifted south, it could threaten all life on earth. To slow […]

First Meeting of ASPO-USA a Success, Next Stop Boston

DENVER, Colorado – Organizers of the recent world oil conference here are now preparing to take their planned annual event on the road to help spread the word across America about the coming peak and irreversible decline in world oil production. Next stop on the tour is Boston, where organizers aim to keep the peak […]

Achieving energy freedom for the people of Washington

WOULD you rather buy fuel grown by local farmers seattletimes

Speculation surrounds oil peak

Thanksgiving marked the day that some analysts thought global oil production would have reached its peak, ushering in a new era of fuel shortages. These petro-pessimists were using the same formula as the one that accurately predicted the apex of U.S. oil production in 1970 Matthew Simmons, author of “Twilight in the Desert: The Coming […]

Move past era of oil, experts say

Former CIA Director James Woolsey paints a dire scenario: A terrorist attack causes a months-long, 6 million-barrel reduction in Saudi Arabia’s daily petroleum output, sending the price of oil skyrocketing past $100 a barrel. Industry banker and author Matthew Simmons says the kingdom’s oil fields are deteriorating anyway. And a recent New York Times story […]

Protecting mother earth

DENVER – Every day, countries, states and cities pass laws that require or allow for the reduction of fossil fuels. Some do it to save the oil reserves; others do it with health issues, the environment and the future in mind. Denmark and Germany lead the world in wind power generation, China is now working […]

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