Energy will be THE issue in 2006…and 2007, 2008, etc.

…The issue is acknowledged by all insiders. It has become visible to everybody via gasoline prices, higher heating bills, and rampant inflation at home, permanent tension with Russia, Venezuela and Iran on the international scene. Do you really think it won’t have massive economical and political consequences?Nuclear energy One sector where peak oil (or more […]

Statoil to Write Down South Pars in Iran by NK1.6 Bln

Statoil ASA, a Norwegian oil company fined for illegally trying to gain influence in Iran, will write off 1.6 billion kroner ($244 million) at its project in the Persian Gulf country because of cost overruns and delays. The decision threatens Chief Executive Officer Helge Lund’s goal of increasing oil and gas production by 19 percent […]

US warns India over Iran stance

Washington has warned India a landmark deal giving it US nuclear technology may fall through if Delhi does not back a UN motion against Iran. The deal could “die in Congress” if India does not vote against Iran at a meeting of the UN nuclear watchdog, US Ambassador David Mulford said.The US is pursuing action […]

Amazon gas pipeline plan jolts environmentalists

S. American leaders say project will reduce dependence on U.S. RIO DE JANEIRO, Brazil (AP) — Environmentalists were caught off guard when South American leaders announced plans to build a massive natural gas pipeline through the Amazon rain forest. Proponents say the $20 billion project, still in early planning stages, will help satisfy the growing […]

Ukraine threatens to turn off gas

KIEV, Ukraine (AP) — Ukraine’s prime minister threatened on Wednesday to turn off gas supplies to industry and temporarily halt industrial production in an effort to limit consumption, as Russia increased pressure on Ukraine to stop siphoning gas intended for a freezing Europe. Prime Minister Yuriy Yekhanurov said such a move, which could cripple Ukraine’s […]

Hybrids with Li-ion in Their Tank

Subaru, Toyota, and other carmakers are looking to lithium-ion battery technology to power the next stage of hybrid evolution Among the slew of new hybrids at the North American International Auto Show last week in Detroit, Subaru’s B5-TPH concept car stood out. One reason is that the sporty, 256-horsepower two-seater is pretty stylish by Subaru […]

China’s economy continues to soar

China’s economy maintained its stellar growth last year, official figures have confirmed, expanding 9.9% in 2005. Growth has now been about 10% for three consecutive years and the economy shows no signs of slowing despite government efforts to restrain it. Total economic output rose to 18.2 trillion yuan ($2.25 trillion) as soaring exports fuelled the […]

Economists predict sliding dollar

China and US consumers will determine the fate of the global economy in 2006, according to experts at the World Economic Forum. So far the world economy had been far more resilient than predicted, they said, managing to live with high oil prices and US deficits. However, they warned that China’s current economic model was […]

Baffled Scientists Say Less Sunlight Reaching Earth

After dropping for about 15 years, the amount of sunlight Earth reflects back into space, called albedo, has increased since 2000, a new study concludes. That means less energy is reaching the surface. Yet global temperatures have not cooled during the period. Increasing cloud cover seems to be the reason, but there must also be […]

Cows in Hereford are fired up about ethanol plant

HEREFORD, Texas — For four decades, this town has searched for a way to rid itself of the outsized byproduct of its success as one of the world’s greatest producers of beef cattle — tens of millions of tons of cow waste. It tried turning it into electricity, fertilizer and pellets for wood stoves. Now […]

State GOP proposes ethanol incentives

DES MOINES — Republicans introduced legislation Tuesday that would set aside $5 million for incentives to increase the use of fuels made up of an 85 percent ethanol blend. If the measure is approved, the number of pumps dispensing the fuel would increase by about 1,800 over the next nine years, supporters said.The measure also […]

Ford to debut 1st ethanol hybrid

Escape won’t go into production Two days after pledging more fuel-efficient vehicles as part of a massive corporate restructuring, Ford Motor Co. is to unveil today an ethanol-powered hybrid test vehicle it says will point to ways to reduce dependence on foreign oil. But the problem is that the flex-fuel Escape Hybrid being unveiled at […]

New technologies call in Saudi

Saudi Arabia is being urged to implement new technologies to sustain the oil sector boom. The call came as a Saudi Aramco official said demand for oil will expand in the next 25 years from roughly 85 million barrels a day to 120 million barrels a day.

Brazil Needs to Invest $10 Bln to Meet Ethanol Demand

Brazil’s sugar-cane industry needs $10 billion of investment by 2012 as rising demand for ethanol leaves sugar makers short of cane and drives up the price of sugar to record highs, the country’s agriculture minister said. Brazil, the world’s largest sugar producer, needs to build 73 new mills to convert sugar cane into ethanol and […]

Nigeria loses N625 billion yearly to oil theft

THE Commission For Africa (CFA) has urged the Federal Government to stop the yearly theft of an estimated N625 billion (The above were contained in the CFA’s report on the All Party Parliamentary Group (APPG) delegation’s evaluation of the Niger Delta. The huge national loss, the report said, is occasioned by the organised pilfering from […]

Russia-Ukraine Gas Deal Signing Delayed Once Again

The signing of Russia-Ukraine deal on supplies of Russian natural gas has been postponed again pending further study, Ukrainian Prime Minister Yuri Yekhanurov said on Wednesday, Jan. 25. As MosNews has reported on several occasions Russia and Ukraine are engaged in a bitter dispute after natural gas monopoly Gazprom decided to increase the price of […]

War with Iran: It

Secretary of State Condi Rice doesn’t think the United States and European Union should continue talking to Iran about their potential nuke development. Diplomacy should end and the UN Security Council must now take action, she says. Rice admitted to reporters on January 23, that dialogue between Iran and the international community had come to […]

The Peak Oil Review Vol 1. No. 3

1. Oil price continues to climb
2. The Iranian Situation
3. DOE reports on hurricane damage
4. Kuwaiti Reserves
5. Energy briefs
Commentary by Dan Berard: DOE Showdown with Oil Industry and Congress

ASPO-USA [pdf]

Energy prices seen slowing U.S. economy

Energy prices are already having an impact on the U.S. economy and will contribute to slower U.S. growth in 2006, Gail Fosler, executive vice president and chief economist of the Conference Board, said on Tuesday. One recent survey estimated that U.S. growth in 2005 was 3.6 percent. The initial report on fourth-quarter gross domestic product […]

China charts a new course with LNG carriers

China’s recent launch of its first domestically built liquefied natural gas (LNG) carrier ship marked a significant upgrade of the country’s shipbuilding industry…Chinese officials also have no doubt that the specialized natural-gas carriers mark a significant departure for Chinese shipbuilding. “The construction of China’s first LNG carrier implies that China’s shipbuilding industry has entered a […]

Decline in Oil Output Dims Iraq’s Recovery

As U.S. financial aid winds down, concerns grow, with no quick turnaround in sight. Iraqi oil production fell by 8% last year, calling into question the nation’s ability to support itself and fund reconstruction efforts as U.S. assistance is scaled back. A sharp decline near year’s end left average daily production at half the 3 […]

Survey Shows Europeans Lukewarm on Nuclear Energy

European citizens want their governments to focus on developing solar and wind power and are less enthusiastic about nuclear energy, according to a survey released on Tuesday. The Eurobarometer poll showed 12 percent of those surveyed favoured developing the use of nuclear energy, while 48 percent supported solar and 31 percent backed wind power development. […]

Nuclear gets a boost on energy agenda, but hurdles are high

Ever since Gazprom interrupted flows of Russian natural gas to Europe this month amid the Kremlin’s price dispute with Ukraine, the French industry minister, FranInternational Herald Tribune

Private energy use jumps

Households are the biggest energy “consumer”, soaking up more than a quarter of the nation’s electricity and other energy. Statistics New Zealand Energy, Economy and Emissions figures for 1997 to 2003 show consumer demand increased 15 per cent, with carbon dioxide emissions – usually a by-product of burning fossil fuels – jumping 21 per cent. […]

Democrats and Republicans both adept at ignoring facts, brain scans show

Democrats and Republicans alike are adept at making decisions without letting the facts get in the way, a new study shows. And they get quite a rush from ignoring information that’s contrary to their point of view. Researchers asked staunch party members from both sides to evaluate information that threatened their preferred candidate prior to […]

Muslims, the Soviet Union and the United States

The mujahideen hated the Soviet people because they had attacked the three things Muslims love most – their faith, their brethren and their land. These Muslims fought to keep the Soviet Union from usurping Islam in Afghanistan, from killing fellow Muslims and from physically destroying a Muslim country. What, if anything, can be done about […]

Alternative Energy No Longer an Option

The control over the price of oil is in now in the hands of global guerrillas — the open source, system disrupting, transnational crime fueled, sons of global fragmentation covered by this author. These actors can now, at will, curtail the supply of oil through low tech attacks on facilities in Iraq, Nigeria, central Asia, […]

Russia’s gas reserves grow 110%, oil reserves 60% in 2005

The growth of natural gas reserves in Russia exceeded output for the first time since 2000, hitting 110%, while oil reserves grew 60% in 2005, the Federal Agency for the Management of Mineral Resources said Monday. “The estimated output in 2005 was: oil and condensate – 470 million metric tons [about 9.4 million barrels per […]

France unveils proposals for EU energy policy

France is to present wide-ranging proposals on energy at a meeting of EU finance ministers on 24 January. Suggestions include recognising nuclear power’s contribution to security of supply and CO2 emissions cuts. The Russia-Ukraine gas dispute highlighted the EU’s dependency on foreign imports for its basic energy needs. The row spurred a debate in Europe […]

China: A Bull in the Energy Shop

The world rightly marvels at China’s rapid economic ascendancy, but far less appreciated is how its modernization strategy hinges on access to energy. As the Chinese economy continues to expand, so does its thirst for oil, gas, coal, and electricity. China is a major importer of Middle East oil, and today it accounts for 12% […]

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