CORN HEAT

The world may be on the verge of peak oil, but has a long way to go before it has to worry about peak corn. With prices for a bushel going for about $2.10, and adjusted for inflation, selling at 50-year lows, it isn

The Clusterfuck Nation Chronicle

The past week’s adventure took me up the back roads through a little corner of eastern upstate New York into Vermont to Burlington, to tape a public TV show. Are you indignant to read that I drove there in a conventional gasoline-powered automobile? Guess what — one doesn’t have a choice, given the pathetic condition […]

Scientist’s climate change honour

The achievements of a world-renowned expert on climate change have been recognised with an international award. Sir John Houghton, the former head of the Meteorological Office, received the Japan Prize (Science) which is awarded each year in two categories. His expertise is in demand, and gave evidence on climate change before a US senate committee […]

Rocky road for auto companies

The cost of filling up my SUV – a Subaru Forester – jumped from $$35 in early 2005 (that is, before Hurricane Katrina) to $$50 in January 2006. GM is redesigning a wide range of its SUVs – the gas guzzlers whose sales fell a staggering 20% industry-wide last year. They are focusing, particularly, on […]

Hydrogen fuel site on way

TONGJI University plans to establish the city’s first hydrogen filling station for fuel-cell vehicles in suburban Jiading District this year. By the end of last year, 10 fuel-cell vehicles invented by Tongji University were operating in the city. The number is scheduled to grow to 100 in the next one or two years. The city’s […]

MEP demands EU statement on ‘peak oil’

The EU must prepare for the ‘Peak Oil’ scenario in which global oil production passes its peak and demand for oil outstrips supply, causing a massive price hike, according to Green Party MEP Caroline Lucas. GreenParty

Oil Market Analysts Issue Dire Warnings

While this year’s record high oil prices are unlikely to come down in the near future, analysts are warning the world’s traditional and emerging economic powers to curb consumption, saying that at the current rate, proven reserves will only meet demand up to 2030. Nevertheless, the late January OPEC ministerial meeting “should decide to reduce […]

USDA Awards $38M for Renewable Energy and Economic Growth

Agriculture Secretary Mike Johanns, U.S. Department of Agriculture (USDA), announced funding of $38 million to help farmers and ranchers ease the impact of high energy costs and develop long-term solutions. Of that, more than $19 million in grants will support renewable energy projects and value-added agricultural business ventures. To date, the program has funded $116 […]

The Oil Drum: The Iranian Oil Weapon

I’d like to take a more careful look at exactly what kind of oil weapon President Ahmadinejad is packing. In particular, let’s go over the seventies oil shocks and use them to fashion a rough guesstimate of the likely impact of a cutoff in Iranian oil supplies now.much more after the jump to The Oil […]

Energy Impasse

Two weeks ago, a brief Russia-Ukraine squabble over natural gas pricing sent a tremor through Europe. One week ago, another tremor swept through the West – this time America joined in the shakes – when Iran broke open internationally monitored seals on its nuclear facilities, clearing the way for uranium enrichment activities that are a […]

Fact file: Biggest oil reserves by nation

Top crude oil reserves by nation

Billions of barrels, 2005.

Graphic by MSNBC

Kuwait says emir death won

OPEC producerSenior officials at government-run Kuwait Petroleum Co (KPC) and state refiner Kuwait National Petroleum Co (KNPC) said oil sector operations were normal, including refining and exports. “Kuwait’s (oil) policy will not change. It will continue to cooperate with OPEC in the interest of both producers and consumers,” an official, who declined to be named, […]

T.Boone Pickens on NPR: Whats after oil? I dunno

NPR is running an interesting series on Morning Edition called The Long View. A few segments ago, they interviewed a very contrarian Lewis Lapham who just about made Steven Inskeep gasp with increduelity with some of his answers. Next week will be Kurt Vonnegut, which I will not miss (I saw him speak in San […]

Natural Gas Accounts for Nearly 22% of the World Energy Mix

Share in World Consumption is Expected to Almost Double by 2025

Research and Markets has announced the addition of India Natural Gas Report 2005 to their offering.

With a growing population and limited energy resources, primary energy is a critical input and in line with economic growth, as observed since the late seventies. Natural gas today accounts for nearly 22% of the world energy mix and is rapidly becoming the most exciting resource of energy. Its share in the world consumption is expected to almost double by 2025. India is making enormous efforts to maximize its share in the overall energy basket to meet economic growth targets.

Business Wire

Russia reports $300 million net inflow

MOSCOW – More money entered Russia than left it last year for the first time in the country’s post-Soviet history, Deputy Prime Minister Alexander Zhukov said Monday. After a year of record foreign borrowing by Russian companies, Zhukov told a Kremlin meeting that the net inflow of $300 million reported in Central Bank data was […]

High demand strains supply of wood pellets

PROVIDENCE, R.I. –Those high heating oil and natural gas prices have caused a run on another kind of energy source: wood pellets. The pellets are made from compressed sawdust gathered from various sources, such as furniture makers and sawmills, and are used in specialized stoves for heating. They’ve become more popular this winter largely because […]

Young: Read your bill by candlelight

Electric bills from Central Texas’ leading provider have gone up 80 percent since power companies were allowed to compete six years ago. William Field wishes he could get that break. He opened his TXU bill this month and found that it had doubled No additional twinkly exterior lights in December (none, actually.) No Rudolph’s red […]

Eurostar steams ahead in cross-channel race

BUSINESS passengers are shunning the plane and taking the train for the trip from London to Paris, according to Eurostar, which saw a 14 per cent increase in sales of business-class tickets last year. The train operator, which slashed journey times two years ago after the opening of a new high-speed rail line, is claiming […]

Why your natural gas bills have soared this winter

Traders take prices on roller-coaster ride Once considered dull and predictable, the market for natural gas has become the hottest around, sparking controversy as sky-high heating bills arrive in the midst of some of the wildest commodity trading ever. Natural gas prices more than doubled through most of last year, only to plunge 44 percent […]

Environment in crisis: ‘We are past the point of no return’

Thirty years ago, the scientist James Lovelock worked out that the Earth possessed a planetary-scale control system which kept the environment fit for life. He called it Gaia, and the theory has become widely accepted. Now, he believes mankind’s abuse of the environment is making that mechanism work against us. His astonishing conclusion – that […]

Sugar May Rise to 24-Year High on Ethanol Demand, Smaller Crops

Sugar prices may rise to a 24-year high in 2006 as Brazil, the world’s biggest producer, uses more of its crop to make automotive fuels and demand for sweeteners rebounds in the U.S…While crude oil prices made headlines in 2005, New York sugar futures jumped 62 percent, second only to a 94 percent surge in […]

To The Point: America must find energy solutions

We can either continue to be complacent and await impending energy crises, or we can take action now. It will not be easier later. Early response offers economic advantages. Get involved in community affairs to influence others. Push for strong, energy-minded leadership in our government. Be proactive; conserve more, discuss energy issues with those you […]

Summit Fails to Fight Global Warming

Global efforts to cut greenhouse gases are in disarray after an inaugural summit of major Asia Pacific polluters adopted a toothless climate change plan which even its own experts concede will fail to combat global warming… The Australian Bureau of Agricultural and Resource Economics (ABARE) gave delegates the bad news that based on present trends […]

Guangzhou, China – The skyscraper that produces more energy than it consumes

It has nothing to do with the public sector but everything to do with good design. Plans for a remarkable 69-storey skyscraper that can produce more energy than it consumes and promises to set new standards for sustainable architecture have been unveiled.Europa Concorsi

UK facing ‘mounting energy crisis’

The UK faces a “mounting energy crisis”, which could lead to blackouts, job losses and rocketing fuel bills, the leader of one of the country’s biggest unions warned. Derek Simpson, general secretary of Amicus said urgent action was needed after successive governments had “shied away” from taking decisions on future supplies of energy.This is London

Energy costs push Japanese imports to record high

Higher oil prices helped lift Japanese wholesale prices for a second straight year and pushed imports up to their highest level on record in November, demonstrating the effect of higher energy prices even on Japan’s energy-efficient economy. Wholesale prices rose 1.7 per cent in 2005, their second straight year of increase. Prices of petroleum and […]

Philippine demand for oil declines

Phillipine oil consumption as of end-December may have plunged to its lowest level in eight years due to skyrocketing petroleum prices and lower economic activity, the Department of Energy said Friday. Zenaida Monsada, director of the Oil Industry Management Bureau, said domestic oil consumption may have plunged 10 percent last year from the 2004 level.The […]

Running on vegetable oil may be fuel of the future

The next time you’re driving along Pensacola streets and suddenly smell french fries, you might be following Greg Threadgill’s diesel truck rather than passing a fast-food restaurant. Threadgill and partner Robbie Clopton, co-owners of T-Gill Fuels, are among the first in Northwest Florida to venture into the bio-diesel business.Pensacola News Journal

Shell Considers Nigerian Area Pullout – Source

Royal Dutch Shell is considering a total staff pullout from the west of Nigeria’s delta region on Monday due to militant attacks, a senior industry source said, threatening more supply cuts from the leading OPEC oil exporter. Heavily armed militants from the Ijaw ethnic group killed six people in a raid on a Shell platform […]

Iran Issues Stark Warning on Oil Price

Iran stepped up its defiance of international pressure over its nuclear programme yesterday by warning of soaring oil prices if it is subjected to economic sanctions. As diplomats from the US, Europe, Russia, and China prepared to meet today in London to discuss referring Tehran to the UN security council, Iran’s economy minister, Davoud Danesh-Jafari, […]

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