Total, Chevron Oil Depot Explodes North of London

Police reported “panic buying” of fuel at gas stations in Hertfordshire. Total, Europe’s biggest oil refiner, said the explosions won’t cause a fuel shortage. “There is no need to panic,” said Leslie Else, a spokeswoman at Total’s office in Watford, England. “The U.K. has sufficient infrastructure to cope with this situation.” Total officials couldn’t immediately […]

Saudis produce as world dictates

..“There has been a decision on the part of Saudi Arabia to signal to the world that they will no longer be the supplier of last resort,” Goldwyn said. “They now say that consuming nations need to look at alternative energies and conservation and not look at Saudi Arabia to make up for the growth […]

‘Hot death’ warning on climate

The world would be condemned to a “hot death” if it did not pursue so-called clean coal technologies and attempts to tackle global warming should not come at the expense of economic growth, according to federal Environment Minister Ian Campbell of Australia. He also said there was no real upside into pumping more money into […]

Boom to bust…and we learned little

Few among us today, mostly those 40 years and older, will recall how the first oil boom impacted on the society. Before 1973 and the advent of Libya’s Muammar Gadaffi as the strongest spokesman for oil-exporting countries, the great guzzlers of energy to the North paid us a paltry US$2 a barrel. That is hard […]

The Caspian basin also contains a sea of oil

With prices rising continually, and companies making substantial profits in tandem, oil seems one of the most sensible commodities to invest in. However, this overlooks underlying concerns about the security of the oil supply in Iraq and the political stability of other big producers in the Persian Gulf. So investors will consider alternative sources of […]

Latin America’s oil production past its peak

Latin America’s production of conventional oil reached its peak during the last decade and is now in a process of inexorable decline, according data released by ASPO, the Association for the Study of Peak Oil and Gas. Considering all of Latin America, ASPO’s data points out that the region reached its oil production peak in […]

Oil wealth helping few of Angola’s poor

Here is Africa at its richest, visible from a hilltop balcony: 11 giant construction cranes swiveling in midair, a gawky ballet of steel and concrete, building skyscrapers story by story. On a street below, carpenters shoot wood through a power saw, quickly finishing an apartment building where three penthouses have just been rented for $26,000 […]

Global warming of a global village

Here’s the way I lead my students to a different way of thinking with respect to the environment: Imagine two islands with the same population size, land area and quality. Both have population growth rates of almost 3 percent, which means the land per family halves each generation. Eventually there won’t be enough to subsist […]

Energy companies swarm the Rockies

Oil and gas producers are stampeding to the Rockies. With natural gas prices hitting all-time highs and Gulf of Mexico production still recovering from a hurricane-plagued year, energy companies — many with ties to Houston — are drilling up long-neglected fields. The Rockies are thought to hold enough gas to heat and cool 70 million […]

Explosion Near London

There has been a large explosion followed by several smaller blasts in the Hemel Hempstead area, around 25 miles north of London. Sky Correspondent Sky Meade has said he can see flames about 200ft in the sky and there appears to be burning fuel. The blast appears to be centered around the Bunsfield fuel depot […]

Chinese villagers killed in wind farm compensation protest

China blamed a deadly confrontation between authorities and demonstrators in a village near Hong Kong on Saturday on “a few instigators” who organized an attack on a wind-power plant, prompting police to open fire. … residents said as many as 20 people were killed when police opened fire on a crowd of thousands protesting against […]

‘Syriana’ Used in Oil Conservation Calls

After years of trying to wean Americans off oil with warnings about arctic drilling and air pollution, some environmentalists are focusing their appeals on national security Yahoo! News

Israel Readies Forces for Strike on Nuclear Iran

ISRAELTimes Online

Tax cut to aid energy switch?

With Greece trailing other European Union countries in the use of renewable energy sources, environmentalist group Greenpeace criticized the government yesterday for backtracking on a promise to offer a tax incentive for the adoption of greener energy. If the tax rate is lowered, this would help create up to 4,000 new jobs and save 90 […]

Digging for Black Gold

While Americans have been transfixed by the spectacular rise in oil and natural gas prices and the fat profits of the oil giants, coal has quietly risen to prices not seen for nearly three decades. Those buyers are probably on their way. Even with the price rise, coal remains far cheaper than natural gas. Several […]

Why America finally woke up to climate change threat

The turning point, history may record, was the duck moment. It was around midnight on Thursday at the crucial United Nations climate talks in Montreal, Canada, when the chief United States negotiator, Harlan Watson, threw a wobbly. Fearing that a Canadian proposal for an international dialogue on combating global warming was really a covert attempt […]

Energy chief ousted as No 10 eases in more nuclear-friendly face

The government official in charge of energy policy is being ousted on the eve of the country’s most wide-ranging energy review for decades. Sir Brian Bender, the newly appointed permanent secretary at the Department of Trade and Industry, is removing Joan McNaughton from her post as director-general for energy early next year. She has held […]

Energy Department Sends Energy Saving Team to Federal Government Site in Allenwo

In the coming months, the Department of Energy expects to send 30 teams in the coming months to the largest federal facilities throughout the country. These teams will assess operational energy efficiency measures focusing on low-cost and no-cost measures, conduct training, provide summary assessments of long-term efficiency opportunities and work with on-site personnel to develop […]

India-ASEAN summit to boost cooperation

As Prime Minister Manmohan Singh reaches Kuala Lumpur tomorrow afternoon to attend the India-ASEAN Summit, the fourth since the annual event started in 2002, the two sides are going to bring to the table several new proposals for giving a filip to an already existing multi-faceted cooperation. After the Free Trade Agreement starts getting operational […]

Kuwait oil riches to open up

Years of wrangling over foreign access to Kuwait’s oil wealth should come to an end in January with the passage of a new law that will fire the starting gun on an international contest to help manage four fields. Three consortia led by BP, Chevron and ExxonMobil are competing for the contract to develop further […]

The economic, social and security challenges facing Asia

The Boao Forum for Asia (BFA), which I chair, has been trying to help Asian countries find workable mechanisms(Excerpts from the speech of former President Fidel Valdez Ramos, Chairman, Ramos Peace and Development Foundation and Boao Forum for Asia, during the 2005 World Congress of Financial Executives, Makati Shangri-La Hotel, Makati City, December 6, 2005) […]

Shell Lacks Oil Sources, Merrill Says, Telegraaf Reports

Royal Dutch Shell Plc isn’t succeeding in finding enough new sources of oil, according to Robin Batchelor, a fund manager at Merrill Lynch & Co., De Telegraaf newspaper reported. Batchelor, who heads the $3.7 billion World Energy Fund, sold all of his shares in Shell last year after the company overstated its oil reserves, the […]

Kyoto Protocol moves ahead as Bush’s tactics fail

Greenpeace today congratulated the 157 countries, who have ratified the Kyoto Protocol, as they moved the landmark climate change treaty towards deeper emissions reductions after 2012. “The Kyoto Protocol is stronger today than it was two weeks ago. This historic first Meeting of the Parties has acknowledged the urgency of the threat that climate change […]

Hope for cleaner coal plants

Coloradans may soon have reason to applaud California Gov. Arnold Schwarzenegger for a leading role as an environmental action hero. But before California’s Public Utilities Commission can embrace the idea, it needs the governor’s OK. Schwarzenegger should say “yes” for the region’s sake as well as California’s. Indeed, California’s example could prod other states, including […]

Annual oil output to exceed 200 mln tons after 2010

China’s annual oil output is expected to surpass 200 million tons in the 2010-2015 period, and the production capacity will last for at least 15 years, a senior official with the Ministry of Land and Resources said here on Saturday. Addressing a forum on China’s energy market building and energy risk control, Che Changbo, deputy […]

Iran to offer tender for nuclear power plants

Director of the Atomic Energy Organization of Iran (AEOI) Gholamreza Aqazadeh said here on Saturday that Iran will announce the tender for the construction of nuclear power plants early in the next Iranian calendar year, which starts on March 21. “We are currently preparing for the bid as one of our first steps for producing […]

OPEC President-In-Waiting: Demand Is Outstripping New Capacity

OPEC’s President-in-waiting, Nigeria’s Oil Minister Edmund Daukoru, said late Saturday that the group should maintain its current output policy as global oil demand continued to outstrip new capacity gains. In telephone interview with Dow Jones Newswires, Daukoru, who becomes president Jan. 1, said: “Demand is rising as fast as any new capacity is coming on. […]

Power could cost more than servers, Google warns

A Google engineer has warned that if the performance per watt of today’s computers doesn’t improve, the electrical costs of running them could end up far greater than the initial hardware price tag. That situation that wouldn’t bode well for Google, which relies on thousands of its own servers. “If performance per watt is to […]

‘Africa Left Out in Cold in Carbon Credits Market’

The World Bank has accused the European Union (UN) of erecting a trade barrier to keep African countries out of the billion-dollar carbon trading market. Senior World Bank official Ken Newcomb said at the climate change conference in Montreal this week that the EU’s emissions trading rules discriminated against Africa because forestry projects did not […]

Gas pipeline ensures world energy security: Russia

Russian Prime Minister Mikhail Fradkov said on Friday the project of the North European gas pipeline “will ensure energy security of Europe and the world”, the Itar-Tass news agency reported./p> “We continue to develop steadily our cooperation with Germany in the energy sphere, and we are optimistic about the future,” Fradkov said at the ceremony […]

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