Oil shale energy experiments set in West

SALT LAKE CITY – Heralding oil shale as Taking direction from President Bush’s Energy Act, Clarke said the reserves contain a 100-year domestic supply of oil, although it’s locked up in layers of hard rock and the technology for economically recovering it is still evolving. Oil shale generally refers to any rock that contains solid […]

Man gets prison in gas theft, chase case

Antoine Whiting’s decision to steal $10 worth of gasoline earlier this year has landed him in prison. Porter Superior Judge Bill Alexa sentenced the 32-year-old Valparaiso man Friday to three years behind bars after he pleaded guilty to a felony count of theft, Porter County Deputy Prosecutor Mike Drenth said.Whiting is eligible to complete the […]

The Impact of the Soaring Oil Prices on the World Economy

When oil prices hit in 2004 record levels of more than $40 a barrel, some feared that such spike would disrupt the world economy by slowing down its growth, which would in turn restrain the demand for oil. Yet, the opposite took place. With a record 4%, the economic growth registered in 2004 its highest […]

Oil for Delivery in 5 Years Rises on Supply Concern

Oil traders are paying record prices to get crude almost five years from now, reflecting increasing doubts the oil boom will go bust. New York Mercantile Exchange futures contracts for December 2010 ended last week at $64.45 a barrel, the highest yet for that month. The price has risen 68 percent in the past year […]

Oil prices climb to Katrina levels

Crude oil has soared more than $7 a barrel since the new year began, alarming Wall St. NEW YORK On Friday, rising oil prices and disappointing earnings sent the Dow Jones Industrial Average into a 213 point dive, one of the sharpest declines since spring 2003. One reason for Wall Street’s concern: if the price […]

Saudi Arabia, China ink energy deal

BEIJING – Saudi Arabia and China inked a deal on energy cooperation on Monday, amid efforts by China to secure overseas oil and gas deposits for its power-hungry economy. The agreement was signed during a visit to China by Saudi King Abdullah, the first by a Saudi ruler since the two countries formed diplomatic relations […]

Gazprom says Ukraine using too much gas, Europe hit

Russia’s gas monopoly Gazprom said on Monday that neighbouring Ukraine was using more Russian gas than agreed, cutting onward supplies to Europe. “We can call it gas shrinkage, offtake, legal or illegal, whatever. But what is happening in reality is that gas is being held by Ukraine above agreed levels, which is not allowing us […]

UK Sleep buttons wastse 7TW of energy per year

Britons waste the equivalent of around two power stations’ worth of electricity each year by leaving TV sets and other gadgets on standby. Last June Environment Minister Elliot Morley, responding to an MP’s question, revealed that electrical equipment in sleep mode used roughly 7TWh of energy and emitted around 800,000 tonnes of carbon. The government […]

The Oil Drum: Everything You Wanted Know about LNG but Were Afraid to Ask

Liquified natural gas (aka LNG) involves cooling the gas to minus 160 degrees (Celsius). That shrinks it to about 1/600th of its original volume, allowing significant quantities of this LNG to be loaded aboard tankers for shipment overseas. When the gas reaches its destination at an LNG terminal, the gas is reheated (regasification) and shipped […]

Growing crops to cope with climate change

Kuwait and oil reserves

During the last two months we now have seen two articles with alarming news about the production of crude oil from Kuwait. The first came in November by James Cordahi and Andy Critchlow at Bloomberg and was entitled: Kuwait Oil Field, World’s Second Largest, ‘Exhausted’. A quote from the article: The plateau in output from […]

Peak Oil: On the Verge of Hitting Prime Time

Some time within the next twenty years, perhaps as early as 2008, world oil production will peak, and life as we know it will change. This seems to be the emerging consensus being rapidly embraced by the academic and trading community in some circles. One scientist, the University of Reading’s Dr Roger Bentley, the secretary […]

Thermonuclear Squeeze: Altered method extends bubble-fusion claim

A technique that some scientists claim generates thermonuclear fusion in a benchtop apparatus works even without its controversial neutron trigger. So say the researchers who, since 2002, have reported that nuclear-fusion reactions can occur in a vat of chilled solvent agitated by ultrasound. If this method of sparking fusion proves to be valid—a big if, […]

‘We say maybe’: Gazprom set to pounce on UK gas market

A company source, asked if Gazprom was weighing up a bid for Centrica, whose British Gas subsidiary has around 16 million customers, said this weekend: “We say maybe.” But senior UK politicians have expressed worries over a big UK energy company like Centrica ending up in the hands of Gazprom. Liberal Democrat trade and industry […]

Iran gas line our topmost priority: Pak minister

Petroleum and Natural Resources Minister Amanullah Jadoon said on Monday that the proposed Iran-Pakistan-India (IPI) gas line was Pakistan’s topmost priority. The minister made known his views at a meeting with the visiting Iranian Deputy Oil Minister Hadi Nejad-Hosseinian here. The two officials met at the Pakistan-Iran Joint Working Group’s fifth session in Islamabad to […]

The Energizer

Amory Lovins has a vision: The U.S. economy keeps going and going and going—without any oil Amory Lovins is a physicist, economist, inventor, automobile designer, consultant to 18 heads of state, author of 29 books, and cofounder of Rocky Mountain Institute, an environmental think tank. most of all, he’s a man who takes pride in […]

Change Who You Imagine You Are

It’s becoming clearer every day that the roots of climate change lie not just in the technological infrastructure we’ve built to exploit fossil fuels, but in the habits of mind and heart created by that infrastructure. For example: cheap gasoline allowed us to rip up the trolley lines and replace them with cars, which in […]

Turkmenistan’s threatened CIS withdrawal: energy security for Georgia

President Safar Murat Niazov of Turkmenistan stated on January 19 that his country has decided to withdraw from the Commonwealth of Independent States. Analysts say that the major reason for such a radical proclamation is that Turkmenistan is upset with Gazprom. Gazprom controls the distribution of natural gas from Turkmenistan and it has recently been […]

Kuwait crisis threatens to delay decision on investment

A rift within Kuwait’s royal family deepened on Sunday, with the ailing new emir, Sheikh Saad al-Abdullah al-Sabah, clinging to his post as the government considered constitutional procedures to depose him. The succession crisis threatened to delay by as much as a year the decision over whether to allow international oil companies back into the […]

Saudi king says oil price too high

Saudi Arabia’s King Abdullah said current global oil prices were too high and needed to be at a more moderate level, television channel NDTV 24X7 reported on Sunday. “We want to strengthen the link between India and Saudi Arabia with regards to energy, and the ability to provide energy to India over a long term. […]

New technology helps filter wastewater, provide power

Material developed to help power cars of the future could also revolutionize wastewater treatment, researchers say. The “microbial fuel cell” technology being developed at Oregon State University had been used to create electricity or hydrogen to power a new generation of vehicles viewed as the most practical alternative to gasoline-powered cars and trucks. “In the […]

Oil for Delivery in 5 Years Rises on Supply Concern

Oil traders are paying record prices to get crude almost five years from now, reflecting increasing doubts the oil boom will go bust. ….“It’s meaningful that there are people who are prepared to buy oil at that price” for delivery in 2010, said Ian Henderson, who manages $1.1 billion in JPMorgan’s Natural Resources Fund in […]

Nuclear reactors under spotlight

The UK government has asked the Health and Safety Executive to assess all UK nuclear reactors, the BBC has learnt. Experts will analyse the cost and suitability of the existing network, as well as how safe it is. Industry leaders want to know whether more nuclear stations will be built amid fears of future energy […]

Iran Sanctions Could Drive Oil Past $100

A surge in oil prices last week to almost $70 a barrel on concerns about the restart of Iran’s nuclear program only hints at what may lie ahead. Prices could soar past $100 a barrel, experts say, if the U.N. Security Council authorizes trade sanctions against the Middle Eastern nation, which the West accuses of […]

Iraq’s Oil Bust

Oil exports were supposed to pay for the reconstruction. Instead they’ve been stifled. Guarding the Fatah oil refinery used to be a pretty straightforward job. Insurgents hit the complex only sporadically, at night, and usually missed important targets. But by early last year, attackers were using rocket-propelled grenades, mortars and heavy machine guns in brazen […]

World Proved Reserves of Oil and Natural Gas, Most Recent Estimates

“Proved reserves are estimated quantities that analysis of geologic and engineering data demonstrates with reasonable certainty are recoverable under existing economic and operating conditions.”EIA

No obstacles to atomic option, says ‘nuclear neutral’ energy minister

The energy minister, Malcolm Wicks, believes there are virtually no practical obstacles to a new generation of nuclear power stations being built – although he is adamant no decision has yet been made on whether to give them the go-ahead. He said there would not be major public spending on a costly atomic programme. Britain […]

Ethanol vehicles are everywhere

A federal push for vehicles that run on an alternative fuel straight from the heartland isn’t winning many converts among American drivers CHRON

Oil, conflict and the future of global energy supplies

The Bush administration has chosen the path of unending war (not so much against terrorism) but by pursuing a path of energy acquisition reliant on aggression that stirs global reactions that lead to terrorism. Simple fact about oil: Fossil-based fuel is the worldglobalresearch

Iranian tensions may hit OPEC

OPEC, which is to set its production policy for the coming months at the end of January, risks being dragged into a conflict pitting Iran against Western oil consuming nations. “If OPEC continues its current production, the [current] excess 2 million bpd of oil supply will lead to an excessive stockpile. Mr Ardebili says the […]

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