Oil supplies won’t run out soon, says research group

EW YORK (MarketWatch) – Cambridge Energy Research Associates said Wednesday it doesn’t see a peak in world oil supply before 2020 and that an increase in unconventional oils, including condensate and natural gas liquids, would help boost capacity by up to 25% in the next 10 years. “We see no evidence to suggest a peak […]

Iraq oil production on the decline

When it became clear the US was bent on toppling Saddam Hussein in early 2003, oil executives, analysts and government officials began to calculate the huge potential of IraqWashington insiders, meanwhile, quietly spread the word that, free of Mr Hussein and United Nations sanctions, Iraq would eventually reduce America

New England power outages possible

“In the event of really cold weather, gas supplies to power generators could be curtailed if the available gas is redirected to meet residential heating load or if higher prices bid gas away from power generation uses,” CERA said in a news release. Daily U.S. natural-gas output is about 4 percent below normal as a […]

Heating bill rise to hit 5-year high

WASHINGTON The sharp jump in costs will hit low-income and fixed-income households the hardest. Mark Wolfe, executive director of the National Energy Assistance Directors Association, said a few percentage points would make little difference to those struggling to make ends meet. “It’s going to be a very expensive winter,” said Wolfe, noting that government heating […]

Report: 2005 Will Be Hottest, Stormiest

MONTREAL – This year is likely to go down as the hottest, stormiest and driest ever, making a strong case for the urgent need to combat global warming, a report released Tuesday at the U.N. Climate Change Conference said. The year 2005, the World Wildlife Fund said, is shaping up as the worst for extreme […]

Al-Qaida No. 2 Urges Attacks on Oil Plants

CAIRO, Egypt – Al-Qaida’s deputy leader called for attacks against Gulf oil facilities and urged insurgent groups in Iraq to unite to drive out American forces, according to a videotape posted on the Internet Wednesday. The posting was a full version of a video by al-Qaida No. 2 Ayman al-Zawahri that was issued on Sept. […]

Oil: Wells tapped out?

Critics pan scientist’s forecast on world production PASADENA – There it was, laid out in a simple linear graph for everyone to see: the end of an age of oil. For anyone who fears oil companies run the White House, fumes at the thought of drilling in the Arctic National Wildlife Refuge or deems global-warming […]

One of Martin“The neatest thing is that it is such an exciting time,” Martin said. “Heirloom seeds have been around for 12,000 years a lot of them, but we are only now rediscovering the things that indigenous people knew all along. And the science backs us up, finding fungi and micro cilia that are specific […]

The Impact of Additions to Strategic Petroleum Reserves on World Oil Demand

Three countries have publicly expressed plans to build and fill SPR’s – China, Russia and India. These SPR’s will be filled in addition to those that already exist in the 26 member IEA. A look at the numbers to fill the proposed Strategic Reserves in any reasonable time frame shows that this act of filling […]

Power plant in Chengdu to turn waste into energy

A power station which burns rubbish to generate electricity is set to be built in the capital of Sichuan Province…The station will remove recyclable materials from the rubbish such as metals and plastic, then bury the remaining waste. After the rubbish has fermented, the station will collect methane through a pipe before drying out and […]

Energy in Europe – either too much or too little

…Meanwhile, there are also clear signs of problems on the European gas market. In recent weeks, for example, gas prices in the United Kingdom have taken a massive leap upwards. The official British ‘watchdog’ for energy consumers, Ofgem, has already sounded the alarm in Brussels and wants the European Commission to investigate why the gas […]

High Energy Costs “Increasingly Worrisome” For Hotel Sector

The Bahamas Hotel Association wants the government to expand the category of energy efficient items that can be imported into the country duty free as hotel properties around the country seek other ways to help drive down soaring costs. It’s one of several recommendations that the president of the association Earle Bethell had proposed to […]

EU looks at wood and waste to lose oil addiction

On 7 December, Energy Commissioner Andris Piebalgs will present a biomass action plan that aims at doubling the use of biomass energy for transport, electricity and heating by 2010 and quadrupling it by 2030. The new action plan will present several measures to speed up the use of biomass energy (wood, wastes and agricultural crops) […]

Power line ‘key for green energy’

Failure to build a controversial new power line could kill Scotland’s renewable energy plans “stone dead”, green businesses have warned. Opponents of the line said the larger pylons would ruin the landscape. BBC

India only tapping 852 MW solar energy due to high generation cost

Even though India receives solar energy equivalent to over 5000 kWh per year, it was able to tap only 852 megawatts due to the high initial cost of the energy system, the Rajya Sabha was informed today. Minister of State for Non Conventional Energy Sources Vilas Muttemwar said that the country receives solar energy far […]

Iraq oil production on the decline

Nearly three years after the US-led invasion, it has become painfully clear that those who predicted that political instability would delay any decision on a national oil policy and that violence, often directed against the industry, would leave big international oil companies unwilling to send their personnel to Iraq, were those who got it right. […]

CNOOC, Husky to Explore Oil in Deepwater South China Sea

China’s largest offshore oil producer CNOOC Ltd. (CEO) said its unlisted parent plans to start deepwater oil and gas exploration in the South China Sea with Canada’s Husky Energy Inc. (HSE.T) in first-half 2006. If the scheduled exploration next year finds sizable reserves in a bloc in the South China Sea about 300 kilometers south […]

EU to water down energy saving plans

Ambitious EU plans to reduce energy consumption in private households and public institutions have been watered down. Member states will be asked to save a minimum 9 percent energy over a nine-year period by making current energy consumption more efficient. But the goals will not be binding, according to a deal struck between MEPs and […]

Dana Gas on the verge of a major deal in Gulf

Shaikh Sultan Bin Ahmed Al Qassimi, deputy chairman Sharjah Petroleum Council (SPC) and Director Dana Gas yesterday hinted that the company is in process of concluding a major deal in the region, which would help make a big mark on the oil and gas industry. “We cannot disclose any more details at the moment, but […]

India Joins International Fusion Project In France

The international partners behind a 4.6-billion-euro (5.4-billion-dollar) experimental fusion reactor to be built in France on Tuesday accepted India into the project, the French body overseeing the site said. terradaily

NeoReality: Peak Oil And Iraq

It is perfectly reasonable that American military casualties are the American public’s prime concern in Iraq but quite clearly there is much more at stake. A dispassionate observer from the outer space may watch with amazement how an incredibly complex and resourceful society of Homo economicus, armed with the most advanced technology and all of […]

Breaking the oil curse

Chad was supposed to be the exception to the tragic history of what usually happens when oil is struck in poor countries – where it has fomented corruption, eroded government institutions, undermined the development of a middle class, cut jobs and sparked wars. IHT

Exxon Finds Additional 700 Billion Cubic Feet Gas In Bass Strait

Exxon Mobil Corp. (XOM) (XOM) said Wednesday it found an estimated 700 billion cubic feet of natural gas resources in Bass Strait, between the Australian mainland and the island state of Tasmania. iwon

Nexen plans to spend record $2.9B in 2006 to develop major projects

Oil producer Nexen Inc. plans to spend a record $2.9 billion next year on capital projects as the company develops major new projects in the northern Alberta oilsands and the North Sea. Calgary-based Nexen (TSX:NXY) said late Tuesday that nearly half of its 2006 capital program will go towards major development projects that will enable […]

$1 Million Dollar Federal Grant to Boost Fuel Cell Research in Columbia

Columbia’s effort to become a center for the hydrogen/fuel cell industry has received a boost from the federal government. EngenuitySC will get $1 million in federal money to help create the National Institute of Hydrogen Fuel Cell Commercialization. The money for Engenuity, the umbrella group working to bring a knowledge-based economy to the Midlands, comes […]

Xethanol, Forest Products Laboratory to Develop Xylitol Process

Xethanol Corporation (OTCBB:XTHN – News) goal is to be the leader in the emerging biomass-to-ethanol industry by optimizing the use of biomass in the renewable energy field and convert biomass that is currently being abandoned or land filled into ethanol and other valuable co-products, especially xylitol. Xethanol’s strategy is to deploy proprietary biotechnologies that will […]

A Mushrooming Approach for Biofuels

Fallen logs on the forest floor make a perfect home for Shiitake mushrooms. These fungi — sold as a delicacy in the produce sections of local supermarkets — thrive on the downed wood, turning it into sugars that they use for food. The mushrooms could also offer a new approach to the efficient production of […]

Waste-to-Energy Plans for the UK

The debate over whether waste-to-energy projects should be under the renewable energy umbrella may continue for years. In the meantime, waste will continue to build up unabated, and companies will continue to propose new methods to minimize the energy required or environmental consequences of disposing of it. This week, a division of the Pirelli tire […]

EIA: OPEC Nov Output +50,000 B/D Vs Oct

Crude oil output from the Organization of Petroleum Exporting Countries rose by 50,000 barrels a day to 30.155 million b/d in November from October, with the slim increase coming from Iraq, the Energy Information Administration said Tuesday. In its December Short-Term Energy Outlook, EIA revised its October output figure for the group down by 100,000 […]

Nations shamed with fossil award at climate talks

MONTREAL, Quebec (Reuters) — In the environmental equivalent of name and shame, countries making what environmental groups call the silliest or most backward comments at climate change talks in Montreal are being awarded toy dump trucks filled with coal. In a gathering where solar, wind and geothermal power are being touted as ways of saving […]

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