The Oil Drum: Extrapolating World Production

This piece takes on how to model and extrapolate the world production curve. It is long and a bit complex. However, I think it’s worth the effort, because there’s some absolutely fascinating stuff going on in the world production curve.much more after the jump to The Oil Drum.

Alternative-energy plant plans on hold

But just before the new year, the Missouri Department of Natural Resources ordered Renewable Environmental Solutions Inc. to shut down its one and only plant in Carthage, Mo. The DNR, acting on Missouri Gov. Matt Blunt

Guzzlers may be targeted

NEW ZEALAND – The Government is investigating slapping higher penalties on gas guzzling vehicles to promote fuel efficiency, as motorists face a six cent a litre petrol price increase. Oil companies last night blamed a lower Kiwi dollar for yesterday’s increase Also yesterday, a Statistics New Zealand report reinforced that the Kiwi love affair with […]

EU interested in supply of natural Iranian gas

Brussels – The European Union’s top energy official said Tuesday that he will be glad if Iranian natural gas would flow to the energy-hungry Europe. “Definitely Iran has huge gas reserves and I am definitely glad if Iranian gas will come to serve the European market as well,” EU energy commissioner Andris Piebalgs told a […]

Oil end game

The Austrian Prime Minister, whose country now holds the EU rotating presidency for the next six months, told the European Parliament in Strasbourg that the EU needed to promote long-term investment in energy and look for real long-term solutions. Caroline Lucus MEP, UK Green Party, tabled a question at the European Parliament in December asking […]

Ukraine admits withholding gas from Europe

KIEV (AFP) – Ukraine has been withholding some Russian natural gas exports meant for customers in Europe, where several countries have reported falls in gas supplies amid a severe cold weather snap, an official with Ukraine’s state-owned energy firm told AFP. “We have in fact allowed the withholding of gas in excess of the contract […]

Black gold taints land of the Golden Fleece

KULEVI, Georgia (AFP) – Legend has it that the mythic Golden Fleece was snatched from the Black Sea shores of present day ex-Soviet Georgia. Now a modern-day quest for oil riches threatens this wetland’s natural treasures. Standing within the territory of what will soon be the seaside Black Sea Oil Terminal at Kulevi in the […]

Nat-gas producers reportedly avoided royalties

Firms took advantage of inconsistent rules to get out of paying $700 million WASHINGTON – Natural gas producers reportedly took advantage of inconsistent federal rules to avoid paying the U.S. government about $700 million in royalties in 2005, but the head of the Interior Department defended those rules and said taxpayers were not being shortchanged. […]

Britain launches energy review in face of global warming

The government launched an urgent public consultation on future energy policy on Monday but was accused by green groups of using it to mask a decision already taken in secret to build new nuclear power plants. Highlighting Britain’s dwindling oil and gas supplies from the North Sea and the need to cut carbon emissions — […]

Indonesia’s hunger for power may eat into coal exports

Indonesia – which led a surge in global coal production last year – may cut shipments in 2007 because of increased domestic demand as it builds power plants to ease an electricity shortage. ..Japanese power generators might have to pay higher prices for Indonesian coal next year to secure supplies, the chairman of Indonesia’s Coal […]

Green energy strategy ‘could damage Highland landscape’

A conservation charity has claimed that Highland Council’s renewable energy strategy could harm the area’s landscape. The John Muir Trust says the policy has a heavy bias towards onshore wind farms and prejudices moves to increase other green energy technologies that have less impact on the land. Scotsman

Ogale: Still Haunted By Oil Fire

In Ogale, an Ogoni community in Eleme Local Government Area of Rivers State, the local people generally see the oil industry as hell, at least, in the Niger Delta area. For them, the industry breeds environmental terrorism as well as unending crimes against humanity. .. Today, the community people are suspicious of any scientific invention […]

Crude oil supply to four refineries in Assam, India disrupted

Crude oil and natural gas supplies in India’s northeastern state of Assam has been severely hit with separatists bombing several pipelines ahead of this week’s Republic Day, officials Monday said. A police spokesman said suspected separatist rebels of the outlawed United Liberation Front of Asom (ULFA) beginning Friday triggered a string of grenade attacks and […]

Iranian Oil Bourse Nonsense

I must have seen five different articles on the Iranian Oil Bourse over the past week or so. I have probably seen a hundred posts over the last year that the war in Iraq was because Hussein was going to price oil in Euros. These articles all make for sensational headlines but it is all […]

Iran Bomb Blasts Kill at Least Four in Oil-Rich City of Ahvaz

Two bombs killed four people in the oil-rich southwestern city of Ahvaz in Khuzestan province, near the border with Iraq, state television reported. ..Most of Iran’s crude oil reserves are in Khuzestan, which is located close to the border with Iraq and to the Persian Gulf. The province is also home to two of the […]

Why the West will attack Iran

Why did French President Jacques Chirac last week threaten to use non-conventional – that is, nuclear – weapons against terrorist states? And why did Iran announce that it would shift foreign-exchange reserves out of European banks (although it has since retracted this warning)? The answer lies in the nature of Tehran’s nuclear ambitions. Iran needs […]

France unveils proposals for EU energy policy

Finance ministers will discuss, on 24 January, a memorandum on EU energy policy presented by French Finance Minister Thierry Breton. The paper makes wide-ranging proposals to secure European supplies after the Russia-Ukraine gas row highlighted Europe’s dependency on imports. The paper proposes recognising the contribution of nuclear power to EU security of supply and “contribution […]

Saudi Arabia To Build S China Oil Storage Site

Saudi Arabia and China have agreed to build a huge crude oil storage facility on southern China’s Hainan Island, the Beijing Morning Post reported Tuesday. The planned storage capacity of the tank farm will be 25 million to 30 million metric tons, it said, without providing a timeframe for the project. NASDAQ

Pipeline blasts ’sabotage’

Explosions blamed on sabotage ripped through natural gas pipelines running across southern Russia, cutting the supply to Georgia and Armenia as these countries suffer a cold snap.

President Mikhail Saakashvili alleged that Sunday’s blasts were aimed at destabilising Georgia and angrily demanded a quick response from Russia.

News24.com

US says UN referral for Iran ‘absolutely’ necessary

The US said it was ‘absolutely’ crucial to refer the row over Iran’s nuclear program to the UN Security Council, but suggested the world body might wait before taking action. President George W Bush and Secretary of State Condoleezza Rice both sought to maintain pressure on Iran 10 days before a key international meeting on […]

Iraqi rebels in western city turn against Qaeda

Iraqi nationalist rebels in the Sunni Arab city of Ramadi have turned against their former al Qaeda allies after a bomb attack this month killed 80 people. Residents said on Monday at least three prominent figures on both sides were killed in tit-for-tat assassinations after local insurgent groups formed an alliance against al Qaeda, blaming […]

CNOOC in US$3b plan to increase production

CNOOC Ltd, China’s largest offshore oil producer, said it is boosting capital spending by 35 percent to US$3.06 billion (HK$23.87 billion) this year in an attempt to increase reserves and output after failing last year to meet production targets. “We will be focusing most of our exploration efforts in offshore areas in Bohai Bay and […]

Oil sector’s next test: 2006

According to Oppenheimer’s Mr. Gheit, annual 2006 earnings are expected to jump 7 percent for the majors, 30 percent for the exploration-and-production independents and 10 percent for the refiners. Longer term, perhaps the biggest issue facing the energy industry is its increasing difficulty finding enough new fossil fuel each year to replace what it is […]

Saudis pledge to increase crude supply as price nears all-time high

Saudi Arabia was yesterday forced to pledge an increase in the supply of crude as threats to production around the globe pushed the price of oil to within three dollars of the all-time high reached after Hurricane Katrina last August. Amid concerns that the renewed increase in the cost of energy could affect growth in […]

The nucleus of the case

The Governmenttimesonline

US: Fleet customers can run Dodge diesel pickup on 20% biodiesel from 2007

DaimlerChrysler is expanding the use of biodiesel fuel by approving use of B20 (20% biodiesel) in Dodge Ram pickup trucks, but initially only in military, government and commercial fleet models. Use of B20 is approved from the 2007 model year and will require use of biodiesel fuel that meets the fuel specifications established by the […]

A Free Fuel That Tackles Oil Price Rises

Conventional economic wisdom goes something like this. Traditional energy is cheap and renewable energy expensive. Therefore we should ‘wait’ until the day renewables become cost competitive before they can be considered a realistic proposition. This viewpoint may have been true for the last two oil crises – in the 1970s, when modern wind power had […]

Pentagon invests in new energy policies, technologies

The Defense Department has expressed an interest in maintaining a key role in investing in new energy policies and technologies, industry reports said. The Pentagon would use its military budget to fund many of the new energy production technologies and alternative fuels since various military installations consume large amounts of energy. The military hopes the […]

Ford

Ford Motor today announced details of a plan to restore profitability to its automotive business in North America no later than 2008. Fordgreencarcongress

US current account deficit ‘unsustainable’ – NY Fed chief

Timothy Geithner, president of the New York Federal Reserve, on Monday dismissed the view that the US current account deficit was sustainable, suggesting the risk of a sudden fall in the dollar would grow the longer the trade gap widened. In a speech at the Royal Institute of International Affairs in London, Mr Geit-ner said […]

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