International Energy Agency Speaks Out Against Russia

The International Energy Agency (IEA) has taken Poland

Fuel rules mean no relief for oil prices in 2006

Oil prices charged to a record in 2005 and could rise even higher in 2006 as the United States implements clean fuel rules and world energy demand remains strong, experts said on Friday. The outlook means more headaches for businesses already squeezed by soaring energy bills, and consumers who have been forced to pay up […]

Peak-oil issue overdue for airing

Rep. Tom Udall, his stature rising among Capitol colleagues as a result of both his courage in standing up to Bush-administration excesses and his willingness to work with the Republican majority on reasonable solutions to our nation’s problems, is home for the holidays. But even here in laid-back Santa Fe, he’s hard at work on […]

Russia’s oil output up 2.2% in 11M05

Russia’s oil output, including gas condensate, grew 2.2% in January-November 2005 year-on-year to 429 million metric tons, the Russian Economic Development and Trade Ministry said on its Web site Monday. Oil output is expected to reach about 470 million metric tons in 2005, the ministry said. Oil companies LUKoil, Surgutneftegaz, TNK-BP and Slavneft and natural […]

U.S. Urges Russia and Ukraine to Settle Gas Dispute

The U.S. State Department has urged Moscow and Kiev to reach a compromise in their dispute over the price of Russian natural gas exports, the AFX news agency reported, quoting a spokesman for the Department. “We have been in touch with both countries to express the view that we urge them to come to a […]

Large oil deposit discovered in NW China

A massive oil deposit of 500 million tons has been discovered in an area near Lanzhou, capital of northwest China’s Gansu Province, an expert said Thursday. The belt along Lanzhou, Yongdeng and Minhe has up to 340 million tons of oil deposit, the Yuzhong-Jingning-Jingyuan belt 160 million tons, said Liu Huaqing, an engineer with the […]

Oil Market Analysts Issue Dire Warnings

While this year’s record high oil prices are unlikely to come down in the near future, analysts are warning the world’s traditional and emerging economic powers to curb consumption, saying that at the current rate, proven reserves will only meet demand up to 2030. “The current model (of consumption) is suicidal,” Venezuelan Energy Minister Rafael […]

World Bank Says Chad Changing Oil Rules

The World Bank on Thursday accused the parliament of Chad, one of the world’s poorest countries, of putting its poorest people at risk by canceling requirements that some oil revenues reduce poverty. The rules are part of a 1999 agreement with the World Bank to get financing for the Chad-Cameroon Oil Pipeline Project, which was […]

Death threats cut Iraq oil supply

Iraq’s government is trying to persuade oil tanker drivers to return to work, after they walked off the job amid insurgent threats, forcing the closure of an oil refinery north of Baghdad, an oil ministry spokesman said. Insurgents issued leaflets to threaten the drivers, threatening to kill them if they continue to transfer oil from […]

Azerbaijan oil: a mixed blessing

..”If Azeris don’t show their concern, the officials who control the oil money will split it among themselves,” Garacayli explains in the living room of his small apartment. “The problem isn’t only that these people will pocket the money, but they also won’t invest it in the country.” With oil revenues set to reach $160 […]

Wind-power company plans B.C. project

In what will mark a first for British Columbia, privately owned Quantum Wind Power Corp. is planning to build a $250-million wind turbine factory in Squamish that will supply renewable energy to customers in both Canada and the United States. “This has been in the works for a couple of years,” said Richard West, chief […]

Beijing to set example for energy efficiency

Ten governmental departments of the Beijing municipal government have promised to cut their office buildings’ energy consumption by 20 per cent next year, an official with the Beijing Municipal Commission of Development and Reform announced yesterday. Huang Qian, an official with the commission, said energy management companies would be employed to offer professional services to […]

Governor seeks more energy aid

DENVER – Gov. Bill Owens on Thursday asked for an additional $10 million in energy assistance for low-income Coloradans in response to the rising cost of home heating. The additional $10 million brings the total proposed state aid for the Low-income Energy Assistance Program, or LEAP, to $20 million for the 2005-06 winter.Gazette

Ethanol supply likely in shortage in January

An ethanol supply is likely to be inefficient for local consumption in January since popularity in gasohol has significantly increased, according to the Thai Energy Ministry. Pornchai Rujiprapa, the ministry’s deputy permanent secretary, said the popularity in the consumption of premium gasohol had risen considerably with a sale of more than 3 million liters per […]

Oil Predictions: Slippery Turf

Will 2006 mark the year oil prices finally crack? Probably not. But the jitters are still out there. Crude, now about $58 per barrel for U.S. light sweet West Texas Intermediate [WTI], has slumped after the big run-up caused in large part by summer’s Gulf Coast hurricanes. rigzone

OPEC: We’ll meet oil demand

Top oil exporter Saudi Arabia and OPEC president Kuwait sought to reassure consumers Tuesday that they would meet their oil needs despite an OPEC deal that built a case for an output cut in spring. Asked if the world’s biggest oil exporter would carry on producing at current levels, Saudi Arabian Oil Minister Ali al-Naimi […]

SOS: save oil stupid

These higher prices are having an effect in the US, depressing demand for sports utility vehicles. But a surprising feature of energy policy in America, the home of capitalist economics, is that the US does not make more use of the price mechanism by raising gasoline taxes and instead prefers to set Detroit the sort […]

The Future of the Dollar

The smart money is betting, once again, that the days of the almighty dollar are numbered. And just because this prediction was startlingly wrong for 2005 doesn’t mean it’s wrong again for 2006. After a yearlong bull run fed by rising U.S. interest rates, political disarray in the euro zone and sustained dollar buying by […]

Fuelling debate

One year ago the EU launched a system of carbon trading as a first step towards cutting greenhouse gas emissions. Under the scheme, 12,000 organisations that emit carbon dioxide – from power generators to factories and even prisons and hospitals – were given allocations for the amount of the gas they can discharge each year. […]

Temps Fuel A New Breed of

When Brian Hageman of Arizona-based Deluge Inc. developed an engine to run on renewable energy sources — biomass, solar or geothermal — he had no idea that one day his technology would be used to optimize stripper wells, breathing life back into marginal fields. “We always figured we were going into environmental or agricultural applications,” […]

‘Best’ green energy schemes named

Ten new green energy projects have been named as “best” in the UK for leading the way in cutting carbon emissions and promoting renewable energy. They include offshore turbines in Kent, the solar-powered CIS tower in Manchester and a wave buoy in Cornwall. BBC

High natural gas prices fuel interest in geothermal energy

As volatile natural gas prices climb sky high, Bob Morrow ’s energy alternative pumps steadily underground. Morrow, 72, had a geothermal system installed in his Pleasant Hill home as it was built last year. In Morrow’s former home, a December bill could reach $135. Geothermal cut that in half even though he now heats a […]

The Peak Oil Crisis

It is time to revisit the question of using biomass as the feedstock for our liquid fuels, as it is looking more and more like we will have few other choices. While converting coal to liquid fuels is possible and obviously popular in coal producing states, there are limits on how far coal can go […]

Barnabus Energy Announces Suncone Progress Is on Schedule

Barnabus Energy, Inc. (OTC BB: BBSE) today announced progress on the engineering of Suncone, a potentially game-changing solar concentrating technology. Following recent meetings with HYTEC Engineering of Los Alamos, New Mexico, Dr. Mel Prueitt, Suncone inventor, confirmed that the development project was on schedule, and that the Company hoped to complete the working prototype by […]

Kurdish influx upsets volatile Iraqi oil city

…The settlements’ purpose is as blunt as their design: They are the heart of an aggressive campaign by the Kurds to lay claim to Kirkuk, which sits on one of the richest oil fields in the world. The Kurdish settlers have been moving into the area at a furious pace, with thousands coming in the […]

Woodside prepares for elephant hunt in Libya’s oil-rich deserts

Next month Woodside Petroleum is due to drill the first exploration well in a $US194 million ($266 million) hunt for oil beneath the desert sands and gulf waters of Libya.Woodside was among the first back into the country and is hunting for oil in regions known for their big oilfields. Late next month it is […]

Native Americans try to reap the wind for power

Twenty-five windmills in San Diego County that stand 20 stories tall began generating electricity this week, offering powerful evidence that Native American tribes are turning to the wind to rebuild their economies. ..The economies of many tribes depend on energy sales and leases of land to coal, oil, and natural gas companies. This takes a […]

More nuclear power plants planned:PM

Prime Minister Shaukat Aziz of Pakistan has warned against failure in construction of water storages, saying Pakistan will be loosing existing storage capacity of six million acre feet (MAF) by 2,010 and will be critically short of water availability with a gap of 1300MAF by 2,025…He said the government was planning to produce 8,800mw of […]

Wind not the answer to our energy needs

.Not only is the reliability of wind as an energy source still contentious, but the governing rules and regulations are still under debate because of the inability to properly forecast the demands wind generation will place on the power system. The onus is on the wind industry itself to prove to consumers that wind is […]

Gas above $3 per gallon blamed on hurricanes, growing global demand

Check the prices at your nearest gas station and you may be tempted to think August and September of 2005 were just bad dreams. The record-high gasoline prices that stunned Americans in the aftermath of summer’s Gulf Coast hurricanes are gone. A gallon of regular, worth more than $3 mere months ago, now costs about […]

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