Oil prices may reach $100 a barrel in near future, experts warn

Western countries are proposing economic sanctions against Iran after it revived its nuclear program. The growing tension between this Middle Eastern country and some oil buying nations has caused oil prices to surge to all-time highs prompting analysts to predict it could peak at $100 a barrel in the coming weeks. Iran, which is the […]

Collapse is inevitable

The diminishing returns of complexity represent an escalating probability of disaster. As that probability approaches one, disasters continue at their normal pace. Sometimes, as we can see in our own world, our own complexity may accelerate that pace, as with our environmental problems (see thesis #17), or it may even create those problems, as with […]

Oil looms large over world stage

The price of oil, one of 2005’s biggest stories, is forcing its way back into the headlines as a political row with Iran threatens to interrupt supplies. Crude oil prices have rallied in recent weeks as concerns over Iran’s nuclear ambitions have escalated. Iran has been threatened with referral to the United Nations for restarting […]

Bush could seize absolute control of U.S. government

President George W. Bush has signed executive orders giving him sole authority to impose martial law, suspend habeas corpus and ignore the Posse Comitatus Act that prohibits deployment of U.S. troops on American streets. This would give him absolute dictatorial power over the government with no checks and balances. Bush discussed imposing martial law on […]

Twin blow cuts Nigerian oil flow

Nigeria’s oil production has been cut by 10% after an explosion and the kidnapping of four foreign oil workers. In the southern Delta region, gunmen in three boats boarded a vessel and seized the men, said a spokesman for oil giant Royal Dutch Shell. Diplomats say the hostages come from the UK, the US, Honduras […]

Chad defies World Bank over oil

Chadian President Idriss Deby has given his final approval to a new law on oil revenues despite the suspension of World Bank loans worth $124m. The law reduces the proportion of the profits from a pipeline earmarked to be spent on fighting long-term poverty. The World Bank agreed to finance 4% of the $4bn oil […]

California plugs into $3 billion solar plan

SAN FRANCISCO – The California Public Utilities Commission Thursday approved a $2.9 billion program to make California one of the worldThat amount of electricity would be equivalent to about six new power stations. The measure was approved on a 3-to-1 vote with one commissioner recusing himself because of a conflict of interest. If the program […]

Rising fuel prices burn through school budgets

School officials are facing tough budget choices to make up for shortfalls caused by rising fuel prices. Many local schools expect to exceed their 2005-’06 fuel budgets, despite what many people consider to be a mild winter so far. The reason is high heating prices — an expense schools could not predict would increase so […]

Oil output will depend on investment, not reserves: CGES

Pumping more oil depends on investment and government policies, because the technology exists to find new reserves and extend the life of existing fields, the Centre for Global Energy Studies said. Lack of oil won

Middle East benefits from India’s economic boom

…For the last few years, India’s production of crude oil has been stable at about 700,000 barrels per day similar to that of Oman. According to the Association for the Study of Peak Oil (ASPO), India’s production of oil will decline to 500,000 b/d by 2010 and to 330,000 b/d by 2020. On the other […]

First Biodiesel Production Facility In PA Opened

Pennsylvania strengthened Governor Edward G. Rendell’s “American Energy Harvest” model as the Governor announced the opening of the first commercial biodiesel production facility in the state. The facility is the first of 11 plants the company plans to build in the commonwealth over the next five years, creating as many as 3,000 new jobs. Each […]

Wind-power gizmo unveiled

Hawaiian Electric Co. Inc. and S&C Electric Co. have announced the launch of a device designed to increase the wind power used in small and isolated power grids, such as those in Hawai’i and across the Pacific. The PureWave Electronic Shock Absorber is a stabilizing device that uses a supercapacitor to store short-term, excess power […]

EarthFirst Americas Announces Second Shipment of Biodiesel

EarthFirst Americas, Incorporated, a wholly owned subsidiary of EarthFirst Technologies, Incorporated (OTCBB:EFTI – News), today announced that the second shipment of biodiesel had departed from Manta, Ecuador en route to the United States. The second shipment totals 809,360 gallons, a substantial increase from the first shipment of 267,790 gallons received in November, 2005. yahoo

Biodiesel Groups Recommend Action Plan for Minnesota Quality Problems

The National Biodiesel Board (NBB) and the Minnesota Biodiesel Council (MBC) today presented an action plan to the Minnesota Department of Commerce to increase quality control measures and ensure that only high-grade biodiesel is released into the stategreencarcongress

”They Don’t Take the Threat of Sanctions Seriously”

Iran’s government this week flouted western concerns about its nuclear ambitions and resumed uranium-enrichment research. Iran expert Karim Sadjadpour talks to SPIEGEL ONLINE about the diplomatic road ahead, sanctions, and the threat of military force. spiegel

Gov’t demands more focus on green energy

China’s power companies with an installed capacity of over 5 GW (gigawatts) will have to ensure 5 per cent of their electricity generators are fuelled by renewable energy sources by 2010. In a move to secure energy security by diversifying sources and clean up the environment, the Chinese Government has vowed to use renewable energy […]

Ukraine Gas Dispute – Has Putin Gone Nuts?

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Gulfsands Petroleum complete oil data study in Syria

The oil company Gulfsands Petroleum PLC has completed the acquisition of approximately 1,155 line kilometers of 2D seismic data within Block 26 in Syria. Gulfsands has identified 31 exploitation and exploration prospects and leads with mean resources potential exceeding 1 billion barrels of recoverable oil. arabicnews

Oil reserves to grow by 900 mln tons each year

China’s oil reserves would grow by 900 million to 1 billion tons and natural gas reserves by 400 billion to 450 billion cubic meters each year. China would step up exploitation and utilization of oil shale and oil sand resources to form production capabilities as soon as possible. peopledaily

China

China’s push for coal could affect the global economy, possibly leading to an oil price shock, argues energy consultant Dave Feickert in an interview. Mr. Feickert concludes that China’s expected push for coal could have serious consequences in environmental and energy issues worldwide. If the Chinese coal consuming and industry production development is not assisted […]

Energy Outlook

Energy Outlooks produce forecasts for the future global energy situation, especially in terms of energy demand, energy mix and security of supply. This article compares some of the different energy scenarios that various Outlooks provide, with a focus on the estimated impact of climate change policies on the development of the global energy situation and […]

Dead frogs linked to global warming

The mysterious disappearance of frog species throughout Central and South America has been linked to a fungal disease that is exacerbated by the changing climate. “Disease is the bullet killing frogs, but climate change is pulling the trigger,” says Alan Pounds, an ecologist at the Monteverde Cloud Forest Preserve and Tropical Science Center in Costa […]

Recent Power Outages Strategic

Mr. Danny Ofori Atta, the former Vice Presidential candidate of Eagle Party, has boldly stated that the recent power outages in the country forms part a strategy by the New Patriotic Party (NPP) government to increase electricity tariffs “We have realized that it is a trend that the NPP policy makers have adopted to increase […]

China, India agree to cooperate over oil

China and India have agreed to share information on what they’re paying for foreign oil and gas for their energy-hungry economies in an effort to tone down a multibillion-dollar rivalry that was driving up asset prices abroad, the Chinese government announced. The agreement was among five energy cooperation deals signed Thursday during a visit to […]

Six nations launch ‘clean energy’ fund to rival Kyoto

The United States, China, Japan, India, South Korea and Australia, have launched a multi-million dollar fund to promote clean energy technologies as an alternative to the Kyoto Protocol on climate change. A meeting in Sidney of a group of six nations representing about half of the world’s human-induced greenhouse gas emissions ended on Thursday (12 […]

Power of oil

What explains the softening of Western capitals toward the Islamic Republic? Western leaders realise that UN sanctions, including an oil embargo, are the only effective way to punish Iran for non-compliance with the nuclear NPT. But that step would inevitably lead to increases in petroleum prices and damage Western economies. A secondary factor is the […]

Government embarks on future energy mix review

LONDON (Reuters) – The government, facing a looming electricity shortage and anxious to secure future energy supplies, will launch an urgent public consultation process on power sources on January 23, environmentalists said on Thursday. The review, announced last year, is driven by the need to slash emissions of climate warming carbon dioxide from burning fossil […]

Auto Makers Must Bridge a 15-Year Gap before Hydrogen Power Arrives

Partial relief from soaring gasoline prices and America’s growing dependence on oil imports can be as close as your garage wall electrical outlet, according to one speaker at last week’s Energy Independence 2020 Summit held in Chicago. The summit, hosted by U.S. Sen. Dick Durbin (D-IL) at the Chicago Center for Green Technology, featured a […]

Latest energy crisis won’t be O’ahu’s last

Hawaiian Electric Co. asked O’ahu residents to conserve energy earlier this week to avoid rolling blackouts. Get used to it. The same thing happened in November and, until capacity is increased and use decreased, emergency conservation requests are likely to happen again, HECO officials said. The Honolulu Advertiser

Natural Gas Supply, Demand and Pricing

In late November 2005, about six weeks ago, EnergyPulse published the original version of this article on near-term price issues in the natural gas markets. The key claim made at that time was that unless the weather got very cold, very fast and stayed that way for a considerable part of the heating season, natural […]

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