Hawaii to Lead America into Post-Oil Era

Hawaii’s Republican Governor Linda Lingle’s “Energy for Tomorrow” bill has the potential to transform Hawaii — the most oil-dependent state in the nation and the one with the highest energy costs — into a state that will lead the nation with a low-cost, sustainable, locally produced, and secure energy system. Implementation of all the conservation, […]

Gulf Report: Destruction, Spills and 17% of Production Still Shut-in

US Minerals Management Service MMS has just released its analysis of the effects of Hurricanes Katrina and Rita on oil and gas production in the Gulf of Mexico (GOM), detailing the destruction of 115 oil platforms and the damage of 52 others; the damage of 183 pipelines, 64 of those major pipelines larger than 10″ […]

US Bodman: OPEC Knows Econ Impact Of Higher Oil Prices

Energy Secretary Samuel Bodman expressed confidence on Friday that OPEC oil producers will continue to adequately supply global oil markets, adding that the group understands the potential negative impact of higher oil prices…. He said he personally hadn’t had specific assurances from members of the Organization of Petroleum Exporting Countries about meeting oil requirements in […]

Great Russian freeze spreads west

Severe cold weather gripping large parts of Russia has now spread west, causing chaos in Ukraine, Belarus, the Baltic states and Scandinavia. Officials in those countries say there is growing pressure on energy supplies, with power shortages as Russia cuts deliveries to fight the freeze at home. BBC

Iran’s Oil Weapon Not What It Was

With a hardline Islamist leader installed in Iran threatening to use the oil weapon, and emergency diplomatic meetings across the West as Teheran moves closer to going nuclear, last week looked like nothing if not 1979, the year Ayatollah Ali Khamenei swept to power. President Mahmoud Ahmad inejad

FirstEnergy admits to nuclear power plant cover-up

NEW YORK, Jan 20 (Reuters) – FirstEnergy Corp. on Friday admitted that some of its employees made false statements to U.S. regulators about safety violations at one of its nuclear plants and said it had reached a deal with the U.S. Department of Justice to avoid indictment of the utility.Reuters Story

PIW’s Kuwait report ‘not accurate’

(Kuwait City) – A senior Kuwaiti oil official has cast doubt on the accuracy of a report by industry newsletter Petroleum Intelligence Weekly (PIW) that the Opec producer’s oil reserves are only half those officially stated. ‘I have no idea where they got this figure from … I don’t think it’s accurate,’ Farouk Al Zanki, […]

Markets nose-dive

Another worry is the renewed surge in the price of crude oil. Crude oil for February delivery surged 2.3 percent on the New York Mercantile Exchange to hit $68.35, the highest level in more than four months. On top of the existing turmoil surrounding Iran, unrest in Nigeria, and unease about Osama bin Laden’s latest […]

Alaska offers promise for major oil companies

Alaska offers great potential for an extended period of new oil development and exploration, executives from major oil companies said at an industry conference on Friday. BP and ConocoPhillips aim to wring more oil from existing fields in Alaska’s North Slope and bordering areas, while Shell said it intended to increase exploration in the mostly […]

Kremlin energy policy in Europe: divide et impera

Recently, a number of international and local analysts hold that Russia has used “more muscle than brain in its foreign policy,” referring mostly to the New Year’s Moscow-Kyiv standoff over fuel pricing—the incident that appears to have seriously dented Russia’s image as a reliable partner. Needless to say, those in the Kremlin would strongly disagree […]

France calls for more EU energy investments

France is calling for more investment in energy production and stockpiling of supplies as part of a common European Union energy policy. The range of measures, which France plans to present to a meeting of EU finance ministers next week, are the latest sign of growing momentum for a common EU policy after a pricing […]

Power producers set for coal price rise

Chinese power producers may have to pay as much as 8 per cent more for their coal in 2006, a third year of record prices, after buyers and sellers were allowed to negotiate and set contract prices. Coal prices in China, the world’s biggest consumer and producer of the fuel, increased in late 2004 because […]

Grasshoppers and oxen — grassroots responses to peak oil

“Grasshoppers and Non-Violent Communication (NVC) are the top two responses to Peak Oil I recommend,” responded Ano. “Oxen would be my first choice,” piped up Mango Jon—a thin and vital 73 years old. I had just invited these two farmers to speak at a Peak Oil public gathering at a local permaculture community in a […]

Moscow eats up energy as temperatures drop sharply

According to press service of the United Energy System of the Russian Federation (RAO UES), the Russian grid, on Tuesday night the Moscow energy system’s capacity load reached a historical high – 15,329 megawatt. However, a new record was set by Wednesday night after power consumption went up to 15,760 megawatt due to continuing decrease […]

Turkey says stops exporting oil products to Iraq

Turkish firms stopped selling oil products to Iraq on Saturday due to $1 billion in unpaid debt, CNN Turk channel quoted Foreign Trade Minister Kursad Tuzmen as saying. Iraqi state oil marketer SOMO told Turkey on Thursday that the debt would be paid within 15 days, but 34 Turkish firms exporting oil products such as […]

Iran calls for oil output cut

Iran has called for a cut in global oil production while simultaneously preparing to shift its foreign assets out of Europe. The moves were widely interpreted as a signal that Iran is preparing for a long stand-off with the west and sees oil production as a counter weight to international economic pressure.Financial Times

US, Oman sign free trade pact

The United States signed a free-trade agreement yesterday with The Sultanate of Oman. The pact with Oman, a non-OPEC oil and natural-gas producer that neighbours Saudi Arabia, builds on existing U.S. free-trade agreements with Israel, Jordan, Morocco and Bahrain. Khaleej Times

Oil Prices Hit 4-Month High; Stocks Fall Sharply

Oil prices rose to a four-month high today as the standoff over Iran’s nuclear program and threats to Nigeria’s main oil region raised fears of supply shortages…. On Wall Street, the Dow Jones industrial average fell 213.32 points, or 2 percent, to close at 10,667.39, wiping its gains this year. The Standard & Poor’s 500-stock […]

BP Chairman Paints Rosy Picture of Post-Peak North Sea Oil, or Does He?

British North Sea oil production peaked in 1999. Then output stood at just over 3 million barrels a day. Latest figures put that output today at around 1.5 million barrels per day. Yet Lord Browne of BP [LSE:BP; NYSE:BP], addressing a conference in Aberdeen has hit back at those who say the days of North […]

RENEWABLES 2005 GLOBAL STATUS REPORT

This weeks report is a review of global renewable energy capacity and potential. This is a facinating report which is perticularly wellcome as it provides one clear example of real progress in the fight against climate change. A previous report by the tyndall centre looked at climate change mitigation as a three part problem: 1. […]

Arctic barometer points to accelerated global warming

The Arctic serves as a barometer of climate change worldwide, and that gauge is telling scientists that things are heating up. Arctic temperatures are warming twice as fast as the global average. This accelerated warming confirms climate-model predictions that the Arctic amplifies climate change as reflective snow and ice are replaced by heat-absorbing water and […]

Off the Charts: Time to really worry about oil

Oil is on the move again, but that fact is getting less attention than it did last summer, when the nearby futures price climbed to almost $70 a barrel, amid concern over the impact of Hurricane Katrina. But this move may be more important, even though the price now is around $67, well below the […]

Technologies to fight climate change

With its CO2 Emissions Trading Scheme in place, Europe has resolutely opted for a ‘market pull’ approach to bring clean technologies onto the market in the short run. However, politicians realise new breakthrough technologies are also needed if deeper emission cuts are to be achieved in the long run (2020-2050 and beyond). This ‘technology push’ […]

Hydrogen Engine Center Focuses on Industrial and Power Engine Applications

An Iowa-based engine developergreencarcongress

OPEC: 2Q Oil Demand Unchanged At 83.57 Million B/D; Growth Unchanged

As oil markets focus on the second quarter and how much global oil demand will fall, the Organization of Petroleum Exporting Countries forecast Friday that demand for that period will remain unchanged at 83.57 million barrels a day. For the whole of 2006, OPEC has revised down its estimate for world oil demand by 100,000 […]

Peak Oil and Civilization’s Decline

Oil is a limited resource and the world is using it up. In fact, oil production may be peaking now, with dire consequences to come. This is the thesis of James Kunstler, a noted critic of AmericaFinancialsense

Black Gold and U.S. Dollar Hegemony

Recently there has been a tremendous amount of discussion in the media concerning peak oil, and other related issues: looming energy shortages, rising oil prices, possible terrorist attacks aimed at disrupting oil flows, and the various negative effects these variables might have on the U.S. dollar: the reserve currency of the world. The following discussion […]

Morales ready to negotiate with oil cos.

President-elect Evo Morales is ready to negotiate with foreign oil companies over the future of Bolivia’s vast natural gas reserves and wants to boost exports beyond South America, a key member of his transition team said Friday. Carlos Villegas, a likely choice for an economic post in Morales’ Cabinet, said the new administration will also […]

Kuwait oil reserves only half official estimate

OPEC producer Kuwait’s oil reserves are only half those officially stated, according to internal Kuwaiti records seen by industry newsletter Petroleum Intelligence Weekly (PIW). “PIW learns from sources that Kuwait’s actual oil reserves, which are officially stated at around 99 billion barrels, or close to 10 percent of the global total, are a good deal […]

Gazprom to invest over $1.5 billion in Uzbek gas projects

Gazprom will invest over $1.5 billion in gas production and transportation in Uzbekistan within the next few years, a source in the Uzbek presidential press service told Itar-Tass on Friday with the reference to a meeting between Uzbek President Islam Karimov and Gazprom CE O Alexei Miller. For instance, Gazprom is ready to develop new […]

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