Kenya, Uganda sign oil pact

Uganda and Kenya have signed an agreement that will enable the landlocked nation maintain stable oil supplies to avert rampant inflation caused by rising fuel prices. Under the agreement signed between Kenya’s ministry of energy and Uganda’s Ministry of Energy and Mineral Development, Kenya committed to increase petroleum products to Uganda to meet rising demand […]

West African instability clogs huge oil source

The United States is becoming increasingly dependent on oil from a region beset by official corruption, tottering governments, violent criminal syndicates and religious and ethnic strife: West Africa. The combination of petroleum and trouble ultimately may put the vast, rich oil fields there in a league with the Persian Gulf. In the latter, American energy […]

The United States and the Iraqi Oil Prize

If the Iraqi Government is to sign production sharing agreements with foreign oil companies at an oil price of 40 dpb, Iraq stands to lose between $74 billion and $194 billion in revenue, over the lifetime of the proposed contracts (25 to 30 years), according to a study issued by the US Global Policy Forum […]

Oil Analysts, Wrong Since 2001, End Forecasts of Price Drop

“Next year, we are going to see the continuation of a very tight market, vulnerable to supply shocks and disruption,” said Kevin Norrish, a director of commodities research for Barclays Capital in London. Norrish and colleague Paul Horsnell had the highest and most accurate forecast for prices last year. “The dynamic shifted this year,” said […]

Defense Spending Bill Contains Provisions for E85, CTL

Tucked away in the massive $453-billion defense spending bill passed by both houses of Congress prior to its holiday recess are provisions for separate reports on two alternative fuels for use by the military: E85 (85% ethanol blend) and Coal-to-Liquids (CTL) synthetic fuels. Section 1090, which incorporates the language proposed by Senator Robert Byrd (D-WV) […]

Govt backs alternative energy use

In response to an energy crisis caused by soaring global oil prices, the government is rushing to issue three regulations to promote the development of alternative forms of energy. State Minister for Research and Technology Kusmayanto Kadiman said on Tuesday that President Susilo Bambang Yudhoyono was expected to sign three presidential decrees later this week […]

Ex-CEO of Ballard Power Dennis Campbell-Running on empty

Vancouver’s Ballard Power Systems Inc. is the perennial hopeful in the race to develop hydrogen fuel cells for cars. Three and a half years ago, Ballard hired seasoned U.S. executive Dennis Campbell to lead itfuelcellsworks

Brazil Exemplifies Global Move toward Clean Energy

Wrapping up a six-day tour of the Amazon Rain Forest and semi-arid areas of Northeast Brazil before Christmas, World Bank President Paul Wolfowitz called for stronger global action on protecting the environment and developing energy alternatives for economic growth and fighting poverty. Today, 42 percent of Brazil’s energy use comes from renewable sources, compared with […]

Study on China energy demand delayed

The Department of Energy has delayed until the beginning of February the release of a study examining how China’s growing demand for energy will affect US “political, strategic, economic and national security”. “China’s economic growth is driving its thirst for energy. In response, China is acting as if it can somehow ‘lock up’ energy supplies […]

Liquid Gold Is LNG the next oil?

The Japanese government views LNG as vital to its strategy to reduce the nation’s oil dependence, as well as a key ingredient in its post-Kyoto Protocol recipe for alternative fuels, and is actively promoting LNG through subsidies. japaninc

Top firm develops oil shale reserves

One of the country’s top five power producers, China Power Investment Corp (CPIC), is expanding its business portfolio beyond conventional coal-fired plants to develop wind, oil and nuclear electricity. The company has also been trying to tap the renewable energy sources, cashing in on the new opportunities brought about by China’s first renewable energy law, […]

China-U.S. Energy Policies: A Choice of Cooperation or Collision

To create the market for this new era of vehicles and reduction of our consumption of oil, this legislation requires that by 2012, 10 percent of all vehicles sold in the U.S. be hybrid, hybrid-electric plug-in or alternative fuel and biofuel vehicles.  That number will rise by 10 percent a year until, by 2016, we […]

Paul Maidment On Energy

Dealing with energy scarcity through energy efficiency. In the U.S., individuals may remain wedded to gas-guzzling cars and poorly insulated MacMansions, but business will lead a charge to bake energy efficiency into everything from data centers to office lighting. The crude oil price will be much the same in 2006 as it was in 2005. […]

US$2.5b Committed to Renewable Energy

China Energy Conservation Investment Corporation (CECIC), one of the country’s flagship State-owned enterprises for alternative energy development, plans to invest at least 20 billion yuan (US$2.47 billion) over the next five years to build new projects across the nation. These projects will generate electricity using alternative energy sources like wind, biomass and garbage treatment, said […]

Countdown to 100$ oil – Your bets for 2006

Well, barring a major geopolitical event in the next two days, it looks like my bet on 100$/bl oil by the end of this year will be conclusively lost. I will announce the winner of the price forecast contest (from both the DailyKos thread and the Eurotrib thread) from last August this weekend or early […]

A Story About Oil You NEED To Hear

Some news stories are screamed in 100 headlines in 100 different newspapers and media outlets. This one however is so quiet it’s almost a whisper, yet it may be one of the biggest stories next year. It all begins here, with a blurb so tiny that I’ll reprint the entire thing. From the Federal Reserve’s […]

Hurricanes part of tumultuous year for energy industry

Energy issues surged to the fore in 2005, and Denver was in the midst of it. For example: Gasoline pump prices broke the $3-per-gallon mark during the Labor Day weekend in Denver. Home heating and lighting costs jumped. There was increasing talk that the world is quickly running out of so-called “cheap” oil. President George […]

NC House : Session is sought to cut gas tax

Six state legislators, including five Democrats, want the state to hold a special legislative session next week to reduce a planned hike in the state’s gas tax. But the request did not sway Gov. Mike Easley or House Speaker Jim Black, D-Mecklenburg, who have resisted such a move, according to staffers.Republicans called for a gas-tax […]

Deepak Chopra: The Lesson of ”Syriana”

There isn’t a cheerful moment in the current movie “Syriana” and barely a smile. The smiles are generated by the prospect of oil money. To an American energy analyst played by Matt Damon, oil money is like “having an ATM in our front yard,” and no one else in the film rises to a significantly […]

Chad May Alter Its Pledge on Oil Funds

Six months after assuming the presidency of the World Bank, Paul D. Wolfowitz is facing his first big test in his new job. An avowed hard-liner on corruption, he must decide whether the bank should wash its hands of one of its most controversial projects, in a country with a notoriously corrupt regime. At issue […]

National Grid rates, supply costs increasing

National Grid says record-high electricity supply costs, coupled with a rate increase, will add up to an average increase of $10 in a residential customer’s monthly electricity bill this winter. The electric utility, formerly Niagara Mohawk, reports that the price increases will vary from a low of $5.50 in Western New York to a high […]

Gazprom being used to punish Ukraine

Far from serving as a mere tool, Gazprom, Russia’s most important company, is a driving force in pushing the Kremlin’s Ukraine policy Last winter, the Kremlin-backed candidate in Ukraine’s contested presidential election lost to Viktor A Yushchenko, the pro-Western leader of the Orange Revolution. This winter, Russia is demanding almost a five-fold increase in the […]

Secret Warfare: From Gladio to 9/11

…Do I know of a secret, hidden group above or within the U.S. government? No, I don’t. If your speculation is correct and there is such a structure, then, I think, there would have been cooperation from within the government with it. I’m a historian and my points of reference are the President, the Vice […]

The Wal-Mart Way of Saving Energy

It

Syriana: Hollywood

Director Stephen GaghanTo fully appreciate “Syriana

2006 Local Initiatives

We talk a lot  about the big picture international supply and consumption issues, which is important and necessary. But today I’d like us to start thinking about local solutions. I’m thinking of stuff that does not rely on Federal or State level action/funding. Think of actions that either you can take or that you can […]

The Logic of Sufficiency

What if modern society put a priority on the material security of its citizens and the ecological integrity of its resource base? What if it took ecological constraint as a given, not a hindrance but a source of long-term economic security? How would it organize itself, structure its industry, shape its consumption? Across time and […]

The Coming Meltdown

Book review The year 2005 has been the hottest year on record for the planet, hotter than 1998, 2002, 2004, and 2003. More importantly, perhaps, this has been the autumn when the planet has shown more clearly than before just what that extra heat means. Consider just a few of the findings published in the […]

Japan to end release of oil reserves

Japan will end its release of oil reserves to the United States next week, a news report quoted the economy minister as saying Tuesday. Japan has been shipping oil from its reserves under a plan brokered by the International Energy Agency to temper rising prices after Hurricane Katrina struck U.S. oil refineries.Business Week

Not everyone might like Eurasian energy club III

.He, who will control oil and gas, will own the world. Maybe this statement sounds too clamourous, but it is generally correct. A report made by the director of the Centre of Political Studies, says that “in Central Asia, on the Caspian and in Caucasus, the political struggles for economic dividends goes on in several […]

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