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News from December 2005

The Last Great Energy Illusion?

The Last Great Energy Illusion? thumbnail

Few people have done more to coax a complacent, energy-voracious world out of its self-induced stupor than Matthew Simmons. A successful energy industry investment banker from Houston who once advised the Bush campaign in 2000, Simmons is the Saul of Peak Oil. His transformation from oil and gas project financier to peak oil apostle didn’t […]


The Auto Industry Can Help Build New Nuclear Plants

The Auto Industry Can Help Build New Nuclear Plants thumbnail

..Were the United States to begin to take the necessary steps to electrify its railroads, build new, more advanced urban mass transit systems, move to hybrid cars, or in any way increase demands upon industry for basic materials and capital goods, there would not be sufficient electric generating or distribution capacity. In parts of the […]


New fast-breeder reactor to replace prototype Monju

New fast-breeder reactor to replace prototype Monju thumbnail

The Agency for Natural Resources and Energy has decided to build a new fast-breeder reactor by around 2030, a plan that will cost about 1 trillion yen. The new reactor will replace the prototype Monju fast-breeder reactor, which has been out of operation for the past decade following a sodium leak accident in 1995 and […]


Delek Energy: Vietnamese prospect information may mislead

Delek Energy: Vietnamese prospect information may mislead thumbnail

“The expectation of $700 million in revenue from drilling in Vietnam is based on an unrisked evaluation. Delek Group Ltd. subsidiary Delek Energy Systems Ltd. responded today yesterday’s report in “Globes”. That report said that information available to Delek Energy about a drilling prospect off the coast of Vietnam, in which Delek Energy had a […]


Hybrid cars race ahead in 2005

Hybrid cars race ahead in 2005 thumbnail

Helped by sky-high fuel prices and celebrity endorsement, US sales of hybrid cars more than doubled in 2005, but Japanese rather than home-grown auto makers are cashing in on the boom. Hybrid engines powered by electricity and petrol have been around for years. But it took a kick from rocketing gasoline prices to encourage large […]


Westinghouse sale could tilt balance in global nuclear power industry

Westinghouse sale could tilt balance in global nuclear power industry thumbnail

Two Japanese companies have joined the final round of bidding for U.S. nuclear power plant manufacturer Westinghouse Electric Co., and if either wins, the global industry could undergo a significant realignment. asahi


Greenhouse gas targets set to be met, says report

Greenhouse gas targets set to be met, says report thumbnail

Britain will meet its commitments to reduce greenhouse gas emissions under the Kyoto protocol on climate change but many other European countries will fail to do so, according to a report to be published today. The Institute of Public Policy Research has found only the UK and Sweden look likely, on projections of their greenhouse […]


China develops technology to generate electricity from alien grass

China develops technology to generate electricity from alien grass thumbnail

Chinese scientists have developed a technology to generate power from English cordgrass, an alien plant that has been blamed for biological invasion. Experiments show that one kilogram of English cordgrass can produce two cubic meters of flammable gas, which can generate one kilowatt-hour of electricity. If all of its 3.3 million hectares of English cordgrass […]


Renewables key to nuclear future, say experts

Renewables key to nuclear future, say experts thumbnail

Tony Blair’s energy review must produce a formula to ensure the long-term security of Britain’s power supplies that embraces a strong future for renewable energy if it is also to have a serious chance of winning public support for a new civil nuclear power programme, some experts are warning Whitehall. The cabinet is nowhere near […]


A Big Dose of Energy Reality

A Big Dose of Energy Reality thumbnail

Americans get interested in energy when either gasoline or heating prices rise. The rest of the time, we assume that either there are sufficient energy resources, i.e., coal, natural gas, and oil, or if we buy into the doom and gloom chronwatch


DFW Looks to Drill for Gas

DFW Looks to Drill for Gas thumbnail

The Fort Worth Star Telegram reports that officials at Dallas/Fort Worth Airportgreencarcongress


Int’L Solar Energy Promotion Center to Be Built With UNIDO Aid

Int’L Solar Energy Promotion Center to Be Built With UNIDO Aid thumbnail

An international center for promotion and transfer of solar energy will be built in Lanzhou, capital of northwest China’s Gansu Province, with financial support from the United Nations Industrial Development Organization (UNIDO). The projected center will be established on the basis of the existing Natural Energy Institute of Gansu, and the UNIDO will pump up […]


Kyoto pact boon for some U.S. firms

Kyoto pact boon for some U.S. firms thumbnail

The United States has not joined the Kyoto Protocol to cut greenhouse gases, but the pact nevertheless is boosting sales for American companies that market “clean” energy technologies.The spread of renewable-energy standards baltimoresun


Playing With Fire: Mankind

Playing With Fire: Mankind thumbnail

Stephen H. Schneider is a professor in the Department of Biological Sciences, a Senior Fellow at the Center for Environment Science and Policy of the Institute for International Studies, and Professor by Courtesy in the Department of Civil and Environmental Engineering at Stanford University since September, 1992. In July 2003, he spoke in the New […]


IEA Ends Post-Katrina Oil Market Bailout

IEA Ends Post-Katrina Oil Market Bailout thumbnail

A collective effort by member countries of the International Energy Agency to offset oil market supply disruptions in the Gulf of Mexico caused by Hurricane Katrina was “successfully concluded” last week, said IEA chief Claude Mandil. The decision to end the operation last Thursday was taken in consultation with all 26 IEA member countries, he […]


Marginal Fall Likely in 2006 Oil Output (Oman)

Marginal Fall Likely in 2006 Oil Output (Oman) thumbnail

Oman is expected to produce an average 746,000 barrels of oil per day in 2006 as against 750,000 barrels per day estimated for the current year ending December 31, 2005. Times of Oman


Requests for Rigs-to-Reefs Could Triple

Requests for Rigs-to-Reefs Could Triple thumbnail

Damage to offshore oil and gas platforms from Hurricanes Katrina and Rita could triple the number of rigs turned to artificial reefs in the Gulf of Mexico. The Louisiana Department of Wildlife and Fisheries usually gets 10 to 12 requests each year to use abandoned rigs to create fish habitat. But that number has soared […]


India, Iran to discuss gas pipeline on Dec 28-29

India, Iran to discuss gas pipeline on Dec 28-29 thumbnail

MUMBAI (Reuters) – India and Iran will hold bilateral talks this week in New Delhi to discuss the progress of a proposed $7 billion Iran-Pakistan-India pipeline and a separate liquefied natural gas deal between the two nations. Iran’s deputy oil minister, Mohammad Hadi Nejad-Hosseinian, is scheduled to participate in these discussions on December 28 and […]


Saudi Arabia, reform or retrenchment?

Saudi Arabia, reform or retrenchment? thumbnail

Saudi Arabia’s new monarch, King Abdullah, is praised by some for his open-mindedness, while others criticize him for being illiberal. With al-Qaida on the run and skyrocketing oil prices, the kingdom and the royal family may be overcoming the crises of recent years. But some observers say that the new oil boom and the possibly […]


What’s the deal with zero-point energy?

What’s the deal with zero-point energy? thumbnail

Q: I’ve been reading about some sort of infinite inexhaustible energy that might be out there called ”zero-point” energy. I also understand there is some scientific basis for this not being crazy. What’s the deal? OS, Boston A: Zero-point energy is a real, serious physics phenomenon, but it’s far from clear that you can get […]


Oil Gangsters Get Political

Oil Gangsters Get Political thumbnail

A new terrorist group, calling itself the the Martyrs’ Brigade, has taken credit for at least one of the recent bombings of oil pipelines in the Niger delta area. The twenty million people living in the delta have long resented the damage the oil operations have done, and the lack of benefit from the oil […]


Palm oil may rise to 1,600 ringgit ($423) by April on bio-fuel demand

Palm oil may rise to 1,600 ringgit ($423) by April on bio-fuel demand thumbnail

Palm oil prices in Malaysia may rise as high as 1,600 ringgit ($423) a metric tonne by April 2006 as countries encourage the use of the vegetable oil as a fuel for motor vehicles, a London-based analyst said.…“Demand will grow faster than production because of this trend of looking to vegetable oils as bio-diesel,” Fry […]


OPEC, Russia to Meet Annually, Improve Oil Market Transparency

OPEC, Russia to Meet Annually, Improve Oil Market Transparency thumbnail

The Organization of Petroleum Exporting Countries and Russia agreed today to hold annual ministerial meetings starting 2006 in an effort to improve oil market transparency and infrastructure. OPEC President Sheikh Ahmad Fahd al-Sabah and Russian Energy Minister Viktor Khristenko met in Moscow today to discuss how Russia can best represent the interests of oil producers […]


Korea spends $40b for oil imports

Korea spends $40b for oil imports thumbnail

As the oil price reached a record high level this year, South Korea is expected to spend more than $40 billion for oil imports, the nation’s central bank said yesterday. The figure represents some 15 percent of Korea’s total imports. ..Industry watchers pointed out the high-flying oil prices could extend the ongoing economic slump due […]


China’s Nov oil demand flat, revival hopes fade

China’s Nov oil demand flat, revival hopes fade thumbnail

China’s implied oil demand nudged up a minimal 0.1 percent in November from a year earlier, quashing hopes of a year-end rvival in the sluggish demand growth of the world’s second largest consumer. Imports of crude oil slid to the second-lowest level since January and exports of heavier products rose, as the impact of measures […]


No Exit? Climate Change and Peak Oil

No Exit? Climate Change and Peak Oil thumbnail

British geologist Jeremy Leggett’s first book “The Carbon War” was described by the influential Sunday Times as “the best book yet on the politics of global warming.” Time magazine calls Leggett “one of the key players in putting the climate issue on the world agenda.” His recent book—called “Empty Tank” by its US publisher and […]


A Big Dose of Energy Reality

A Big Dose of Energy Reality thumbnail

Americans get interested in energy when either gasoline or heating prices rise. The rest of the time, we assume that, either there are sufficient energy resources, i.e., coal, natural gas, and oil, or if we buy into the doom and gloom Surely, then, Congress is catering to Big Oil and doing what it can to […]


Calpine’s Chapter 11 trip began with big expansion

Calpine’s Chapter 11 trip began with big expansion thumbnail

SAN FRANCISCO — Calpine Corp.’s convoluted descent into bankruptcy, culminating in a Chapter 11 filing late Tuesday night, began when the future still looked bright for the power merchant. Emboldened by its rapidly rising profits and stock price in 2001, Calpine launched a debt-laden expansion aimed at capitalizing on an apparent power shortage that had […]


Indigenous Intifada in Bolivia

Indigenous Intifada in Bolivia thumbnail

… South America is definitely taking a turn to the left. The anti-globalization forces, spearheaded by Hugo Chavez, are sweeping to power in elections across the continent. Brazil, Argentina, Venezuela, and Uruguay all have left-leaning governments, and socialist Michelle Bachelet won almost 46 percent of the vote in the first round of the presidential election […]


Oil riches threaten Canada’s unity

Oil riches threaten Canada’s unity thumbnail

CALGARY – Vic Fedeli, the mayor of North Bay, was not pleased when Alberta health officials showed up in his depressed northern Ontario mining community and invited local doctors and nurses to interview for higher-paying jobs in their oil-rich home province. “Barbarians at the gate,” he says. Much of Canada is having a similar reaction. […]


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