CNN Video – Preparations for NG Shortage

CNN’s Gerri Willis reports on preparations for a natural gas shortage and more in the midday business update. Video: Business News Update

The Oil Drum: The IHS Energy View of Peak Oil

Recently, Robert Esser of CERA testified before congress World Oil Production capacity to increase up to 25% by 2015; No peak seen for decades, US Congressional Committee told. “A detailed new audit of our own analysis and the enormous scale of reserve upgrades in existing fields, confirmed by the most extensive and complete databases on […]

Go-ahead for

An experimental Belfast Telegraph

North Slope oil decline leaves Alaskans somber

Alaskan North Slope oil production, once heralded as a domestic mother lode, has hit a new output low — embodying the precarious balance confronting the U.S. as it struggles for energy security in an era of volatility in the international oil market…The decline in Alaska is led by a slump in output from the once-mammoth […]

Foreign Policy, Energy Policy, Every Policy

A diplomat who witnessed negotiations between President Vladimir Putin and Turkmen President Saparmurat Niyazov shared his delighted reaction with me: “Niyazov,” said the diplomat, “answered every question on gas with ‘That’s for the managers to decide.’ But not Vladimir Vladimirovich: He knew every figure and the route of every cubic meter of gas. You got […]

Aviation White Paper Disaster

Last week we looked at the shocking discovery that the EIA’s International Energy Outlook 2001 was completely wrong in it’s analysis of some major oil provinces, worrying since it seems some people, even governments, actually believe these guys know what they are talking about and use their forecasts to develop policy. Now it’s time to […]

French doubts grow over the benefits of offshoring

French businesses are becoming sceptical about the cost benefits of offshoring, the practice of moving work to cheaper overseas locations. But companies believe investing in overseas markets can save jobs at home, according to a survey published by the consultants KPMG and Medef, the French employers’ group…The survey suggests that the attractions of offshoring are […]

Fruit Farmers Get Diesel At Last, But It’s Rationed

Diesel fuel is finally available to the Western Cape’s fruit farmers, but it’s being rationed and the situation is not yet back to normal… Minerals and Energy minister Lindiwe Hendricks lashed the oil refiners last week, accusing them of causing the fuel shortages by failing to hold a 25-day stockpile of refined products, and insisted […]

New Year Offers Little Hope for Oil-Producing Chad

Chad has become an attractive destination for international investment since a group of multinational oil companies put together a financial plan in 2000 to explore and ship the new oil to the market. …Unfortunately, serious financial problems, a battered social fabric, internal conflicts, army desertions, betrayals and risks of civil war are looming on the […]

Europe to Feel Effects of Oil Spike in ‘06

Europeans will feel the effect of the recent oil-price spike throughout 2006, the European Commission said Tuesday as it released its quarterly report on the 12 countries that use the euro currency. It said prices of goods and services often feel the bite of an increase in oil prices after a time lag of six […]

Syria May Import Oil to Meet Plans to Double Refining

Syria, the third largest non-OPEC oil producer in the Middle East, may import crude from neighboring states as part of a plan to double its refining capacity and export products including gasoline to Europe, the country’s oil minister said. The Arab state has plans for two new refineries that would boost Syria’s processing capacity to […]

Oil giants review North Sea investment

Exxon-Mobil and BP have become the latest oil & gas giants to launch a review of their future North Sea investment programmes – the latest signs that overall activity could slump sharply in 2007. Both companies confirmed yesterday that they would be conducting a wide-spread review of future exploration programmes, blaming the recent shock tax […]

State agrees to greenhouse gas plan

Delaware and six other Northeast states announced agreement Tuesday on a plan for a mandatory, 10 percent cut in heat-trapping carbon dioxide emissions at power plants across the region. The measure would cap releases of so-called “greenhouse gas” pollution from larger utilities at current levels — about 121 million tons annually — between 2009 and […]

Australia, NZ, Asia/Pacific Daily Energy News

Indonesian authorities have given the go-ahead to build the country’s first nuclear power plant on the densely-populated island of Java, with the aim of producing electricity by 2016. energize

RenewableEnergyStocks.com Reports on Clean Energy Solutions

www.RenewableEnergyStocks.com (RES) and www.NaturalGasStocks.com (NGS) investor and industry news portals for the renewable energy and natural gas sectors, report on a variety of Clean Energy solutions. The overall direction of the energy industry is moving towards safer and cleaner methods of producing electricity and improving manufacturing processes. Clean coal production has created a method for […]

Ford Readies F-150s for Flexible Fuel

Ford Motor Company is keeping its commitment to producing 250,000 FFVs in the coming year with actual production of the first Ford F-150 flexible fuel vehicles (FFVs) beginning this month at its Kansas City Assembly Plant. Available to consumers at no additional cost, the flexible fuel technology is built into the 5.4L, V-8 engine model, […]

Nexen hits new depths for major oil find

Nexen Inc. and several partners have hit a major oil discovery in the Gulf of Mexico, reaching a total depth of about 10,400 metres with the deepest commercial well ever drilled on the planet. The hole surpasses a well drilled earlier this year in the Gulf and is second only to a well drilled for […]

China lays down gauntlet in energy war

On December 15, the state-owned China National Petroleum Corp (CNPC) inaugurated an oil pipeline running from Kazakhstan to northwest China. The pipeline will undercut the geopolitical significance of the Washington-backed Baku-Tbilisi-Ceyhan (BTC)oil pipeline which opened this past summer amid big fanfare and support from Washington. The geopolitical chess game for the control of the energy […]

BHP discovers oil

BHP Billiton says it has made an oil discovery in deep water in the Gulf of Mexico, which the company says is very encouraging. Drilling at the Knotty Head exploration well about 270 kilometres south east of New Orleans has encountered more than 500 feet of net oil pay. NewsComau

Fuel Cells Coming Into View

Few technologies have created a short-term buzz in the financial markets, power industry or technology pioneers as fuel cells have in the recent year or so. Based on their infancy in the way they affect the accounting profession, “fuel cells” were chosen as one of the 2005 Emerging Technologies. Here’s why. fuelcellsworks

India turns to geothermal energy

Power deficient India is planning to use geothermal energy to produce 10,600 megawatts of power, five times more than the combined output from all non-conventional energy sources. The first such plant is being set up in the Ladakh region of Jammu and Kashmir. Officials say this renewable energy would come at a throwaway cost, less […]

CPUC approves SDG&E solar power contracts

San Diego Gas & Electric Co. (News) announced Tuesday that the California Public Utilities Commission has approved its contracts to purchase 300 megawatts (MW) of solar power, with the potential to grow to 900 MW within 10 years. yahoo

Calpine Files for Chapter 11 Bankruptcy Protection

Calpine Corp said it has filed to restructure under Chapter 11 of the US Bankruptcy Code. The energy company added that certain unit and affiliates in Canada intend to file for creditor protection under the Companies’ Creditors Arrangement Act…. Also, Calpine has asked the court to reject certain of its contracts, including power sales agreements […]

White House Man Rejects Putin’s Offer of Oil Firm Job

One of George Bush’s closest friends and former cabinet members has publicly rejected an offer made by the Russian president, Vladimir Putin, for him to head one of Russia’s largest state oil companies. Donald Evans, the former US commerce secretary and member of the White House prayer group to whom Mr Bush is said to […]

South Korea unveils five-year plan to develop fuel cell cars

South Korea’s government unveiled a five-year plan to develop and commercialize fuel cell-powered and hybrid-engined cars by 2010. yahoo

U.S. Greenhouse Gases Up 2% in 2004

Global warming gases grew by two per cent in the United States last year, the Energy Department reported. The report came nine days after a United Nations conference at which the United States and China refuse to join any talks for imposing binding limits on emissions of such gases.CTV.ca

The Oil Drum: So let’s talk about population

Back in the thread on my radio interview with Jason Bradford, there were requests for a thread on population issues (which came up at the end of the interview as we ran out of time). So let’s dig into the United Nations’ World Population Prospects: The 2004 Revision. Lots of cool graphs.Much more after the […]

Most of Arctic’s Near-Surface Permafrost May Thaw by 2100

BOULDERThe study, using the NCAR-based Community Climate System Model (CCSM), is the first to examine the state of permafrost in a global model that includes interactions among the atmosphere, ocean, land, and sea ice as well as a soil model that depicts freezing and thawing. Results appear online in the December 17 issue of Geophysical […]

The world’s first

Portland, Oregon saxophonist and composer Jason DuMars has just released an album dedicated to peak oil entitled Songs from Oil City which is available for free download from his site.  The album is based on the premise of reconstructing the music of a long-gone mythical place known as Oil City which was once inhabited by strange creatures who relied on oil to fuel their complex society.  This album entertwines improvised music with ambient sound captures, evading any particular stylistic niche, but leaning heavily toward jazz and post-rock sensibilities.  With only a few exceptions, all of the instruments on the album are acoustic, mirroring a future where amplified instruments and electronic keyboards are a thing of the past.  The album serves as both a reminder and warning that everything we take for granted, including music, can erode into the ocean of history.

Still in recovery: Gulf oil production off 28%, and gas off 20%

Hurricanes Katrina and Rita dealt such a severe blow to oil and gas production in the Gulf of Mexico that energy experts now say the flow of petroleum won’t be fully restored until next summer. “The damage was more severe and in harder-to-reach places than many expected, such as the bottom of the ocean, that […]

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