Governor Lowers Natural Gas Tax

In a move expected to save Georgia taxpayers between $16 million and $20 million this winter, Gov. Sonny Perdue Tuesday cut in half the state sales tax on natural gas and liquid propane for residential heating. The executive order stipulates that Georgia’s sales tax on natural gas will be reduced during the peak home heating […]

Daniel Fisher On Energy

The Big Trend Global warming will shift from vague concern to serious business opportunity, as local and national governments worldwide use taxes, regulations and incentives to push less carbon dioxide-intensive technology. Big winners will include companies like General Electric (nyse: GE – news – people ) and Siemens (nyse: SI – news – people ), […]

Husky unveils C$2.85-bln spending plan for 2006

TORONTO (Reuters) – Husky Energy Inc. (HSE.TO: Quote) announced on Tuesday a capital expenditure program of C$2.86 billion ($2.44 billion) for 2006. The program supports the completion of its Tucker oil sands project near Cold Lake, Alberta, the goal of peak oil production from the White Rose field off Canada’s East Coast, and the development […]

Former UK oil adviser warns against early exit from Iraq

The British oil advisor to the former Coalition Provisional Authority in Baghdad warned Monday against any UK or US plans for an early withdrawal of troops from Iraq because of the security of the country’s vital oil supplies. “I am surprised how quickly some of the key strategic issues for the Iraq war have been […]

Five countries to build joint oil pipeline

Five countries are expected to sign in January an agreement to build an oil pipeline from Romania to Italy. It is the latest move in the intensely competitive and politically fraught battle over who controls, and who benefits from, the Caspian’s growing oil production. ..It would reduce European dependence on Middle Eastern oil, would be […]

Investigation urged into west African oil deals

BP, Britain’s biggest oil firm, has been buying oil from west Africa which may have been corruptly sold, a high court judgment has found. Last night campaigners called for an inquiry into the deals, in which more than Guardian

Yearender: Soaring oil prices threaten Asian economic growth

Leaders to a recent summit of the Association of Southeast Asian Nations (ASEAN) have vowed to cooperate in energy development to tackle with high oil prices. .. The soaring global oil prices have become a major blow to Asia, which has accounted for nearly a half of world economic growth since 1999. High reliance on […]

Bolivia’s Morales Vows to Respect Oil Company Assets

Bolivian President-elect Evo Morales pledged to respect the ownership of international oil companies’ assets in the country after campaigning to increase government control over the nation’s energy industry. “The government will exercise its right to state ownership of Bolivia’s hydrocarbons,” Morales, 46, said at a press conference in Cochabamba, Bolivia broadcast by La Paz-based television […]

Exxon Alone in Resisting Venezuela Oil JVs

Exxon Mobil Corp (XOM) is the only oil major resisting Venezuela’s nationalist policies in a standoff that could hurt the company’s future investments here, Oil Minister Rafael Ramirez said Friday. Exxon (XOM) and Repsol YPF SA (REP) are butting heads over the small Quiamare La Ceiba oil field they operate together, underscoring contrary strategies to […]

China’s roads ahead

The Ministry of Communications has mapped out a blueprint for the development of highways, coastal ports and inland waterway shipping in major regions, intended to guide the development of the country’s transportation infrastructure until 2020. The blueprint covers such plans as the high-grade shipping network in the Pearl River Delta, a highway and waterway shipping […]

A new drill for oil money

Disruptive as they might have been, oil shocks of the past have all had a silver lining for some: a significant portion of the revenue windfall accruing to oil producers – especially those in the Middle East – has been recycled back into dollar-denominated assets. In earlier oil shocks (or energy crisis: any great shortfall […]

Thailand goes against the flow in Myanmar

By agreeing to help build a large dam in military-ruled Myanmar, Thailand’s state-run power utility has laid the groundwork for a potential water war in an area already troubled by ethnic conflict and human-rights abuses. The Hat Gyi hydroelectricity dam will be built in five to six years, Kraisi Kanasuta, president of the EGAT Plc, […]

An Assured Power Supply a Distant Dream in Nigeria

At the end of a year that was meant to solve Nigeria’s chronic electricity problems, an assured power supply is still a distant dream in this oil-rich nation… Blackouts are widespread across the country’s biggest city here, and the capital, Abuja. And consumers are plagued with inflated bills, which in local parlance are called “crazy […]

The End Of Cheap Oil

The issue of energy has been looming like a storm cloud on the horizon for over 30 years. The energy savings in a well-designed community can promote efficiencies in the following: * Energy: * Building Design: * Water: * Transportation: * Storm Water Management: * Urban Design: countercurrents

Costly commodities spark global change

Oil, gas, gold, copper, platinum – 2005 was the year of high commoditiy prices. Now the world is realising that the era of cheap oil and other raw materials is over. “We’re not going to run out of fuel. We’re going to learn to make it out of other things.” bbc

Renewables To Take Centre Stage At Interbuild 2006

Proof positive that renewable energy is becoming positively mainstream, as the UK’s leading solar energy company confirms its attendance at Interbuild 2006 complete with a new, integrated solar thermal roof tile. These technologies generate combined solar heat and power in daylight, whatever the weather, and are set to create a stir across the entire construction […]

House votes to open refuge to oil drilling

House lawmakers today approved a bill that opens the way for oil and gas exploration in the Arctic National Wildlife Refuge in northern Alaska as one of their last acts of an all-night session. The battle could become even more intense later this week in the Senate, where Democrats have vowed to try to strip […]

BP, Exxon Mobil sued in Alaska over pipeline dispute

An Alaska state authority has filed an antitrust suit against BP PLC and Exxon Mobil Corp, the Wall Street Journal reported. In its online edition, the newspaper said the Alaska Gasline Port Authority alleged that the two oil firms had entered into a string of illegal agreements and acquisitions to block the flow of the […]

No single solution for Britain’s energy problems, says minister

Malcolm Wicks, the energy minister, said yesterday there would have to be some form of “relationship” between the government and the energy market if Britain opted to build a new generation of nuclear power stations. But he made it clear it was far too early to discuss what form such a link would take. “If […]

NETL facilities paving the way toward a hydrogen economy

National Energy Technology Laboratory’s (NETL) efforts in fuel cell research and development are bringing into focus DOE’s vision of cleaner, more efficient energy production. Recent developments at three NETL facilities are moving this alternative energy technology toward commercialization and leading us into a hydrogen economy. High-temperature fuel cells being promoted by NETL utilize both hydrogen […]

NEVADA TO GET WORLD’S THIRD LARGEST SOLAR ELECTRIC POWER PLANT

Nevada Solar One, the largest solar electric power plant to be built globally in the past 14 years and the third largest solar power plant in the world, is on track to be built at Boulder City, Nevada. The 65 megawatt concentrating solar thermal installation will use parabolic trough technology by Solargenix, headquartered in Raleigh, […]

PEAK OIL

Business, Government, Academic Leaders Recognize Peak Imminence, Reveal Wide Range of Contingency Planning fromthewilderness

Energy Storage – Supporting Greater Wind Energy Usage

Coupling energy storage technologies with wind turbines can solve many of wind powerenergypulse

Costly commodities spark global change

Oil, gas, gold, copper, platinum – 2005 was the year of high commodity prices. Now the world is realising that the era of cheap oil and other raw materials is over. The financial markets reflect the harsh reality of increasingly scarce resources.Brent Crude currently trades close to $60 (

Trade can ‘export’ CO2 emissions

New research from the US shows that trade can significantly affect emissions of greenhouse gases. Researchers found that US imports of goods from China cause a greater production of carbon dioxide than if the goods were made in the US.BBC

Amount of Oil in Alaska’s ANWR Still in Question

President George W. Bush calls it the most promising source of untapped oil in America and the key to greater energy independence. But how much oil is there in Alaska’s Arctic National Wildlife Refuge? Nobody really knows for certain.Schlumberger

OPEC Nov Output Revised Down to 30.2M B/D

A leading tanker tracker Monday revised down by 300,000 barrels a day its original estimate of how much crude oil the Organization of Petroleum Exporting Countries supplied global markets in November. Petrologistics’ latest estimates are that OPEC supplied 30.2 million b/d of crude in November, down from an original, late-November estimate of 30.5 million b/d.Schlumberger

Spitzer fines gas stations over price gouging

Fifteen N.Y. stations were charged with raising mark-ups following Katrina NEW YORK – Fifteen New York gas stations will pay fines totaling $63,500 to settle charges they gouged prices in the wake of Hurricane Katrina, the office of state Attorney General Eliot Spitzer said Monday. The 15 stations all raised their mark-up on retail gas […]

Bidding war chills U.S. plan to import natural gas

Even with natural-gas prices surging to new heights and heating bills soaring across the U.S., much of the nation’s import capacity remains idle. The nation has four onshore terminals for receiving and processing imported gas, and they are importing only about half the volume they can handle. The reason: U.S. buyers are being aggressively outbid […]

Despite what you hear, inflation is growing

But Sean noted a couple of recent stories. One cited Royal Dutch Shell as struggling with enormous cost overruns at a number of large projects. A second discussed chemical producer Celanese, which is abandoning plans to build a new plant because construction costs have risen by “30% to 50% over 18 months.” He also pointed […]

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