The Peak Oil Crisis: New Years 2006

A neat summary of a year of Peak Oil news. It’s a good time to review — looking backwards at what we learned in 2005 and forward at what might be in store for 2006. During the past year, the average price of oil increased 33 percent almost matching the 34 percent increase of 2004. […]

Where’s My Chevette?

The economic argument against investing in oil companies suggests that high gasoline prices will cause demand to fall and prices at the pump to recede. Looking at the new offerings from the Detroit Auto Show, Robert Aronen wonders how consumers are going to buy small cars when such vehicles aren’t rolling off the assembly lines. […]

Professor warns about implications of Peak Oil

On Tuesday night, Professor Richard Heinberg outlined the limits of using oil as a resource The supply of oil that has supported global transportation, economies and even food distribution for the past century will soon be unable to match ever-increasing demand, author and professor Richard Heinberg told a crowd at the Eugene Hilton on Tuesday […]

Has Citgo become a political tool for Hugo Ch

…As Hurricanes Katrina and Rita demonstrated, any disruption to the nation’s refining industry instantly increases gas prices. What if ChOthers note that imported oil from elsewhere eventually could compensate for any interruption in Citgo supplies. And, because Ch

Desktop fusion is back on the table

Physicist claims to have definitive data, but can they be replicated? Can the popping of tiny bubbles trigger nuclear fusion, a potential source of almost unlimited energy? This controversial idea is back on the table, because its main proponent has new results that, he claims, will silence critics. But others say that the latest experiment […]

Rapidly shrinking Arctic ice could spell trouble for the rest of the world

Alarmed by an accelerating loss of ice in the Arctic Ocean, scientists are striving to understand why the speedup is happening and what it means for humankind. If present trends continue, as seems likely, the sea surrounding the North Pole will be completely free of ice in the summertime within the lifetime of a child […]

Foreign Oil Workers Kidnapped in Nigeria

Gunmen stormed an offshore oil platform run by Royal Dutch Shell in Nigeria and seized four foreign oil workers, a company official said Thursday. The workers were kidnapped late Wednesday from an anchored supply vessel at Shell’s EA oil platform in shallow waters off the southern Niger Delta and taken to an unknown location, the […]

India says will not agree to emissions caps

Asia’s third-largest economy said on Thursday it will not agree to binding cuts to greenhouse gases under the Kyoto Protocol, but hopes boosting its nuclear industry will save its cities from choking air pollution. Speaking after the first meeting of a climate change group created by six of the world’s top polluters, Indian Environment Minister […]

Can IBM help cut your energy bill?

Big Blue, Whirlpool and the Energy Department plan to install “smart” electricity meters in 300 homes across Oregon and Washington state. It’s a future that’s not too far off for 300 households in Washington state and Oregon who’ve volunteered to test new “intelligent” power grid technology being developed by IBM, Whirlpool and the U.S. Department […]

Bolivia to Seize Oil and Gas Reserves, President-Elect Says

Bolivia’s president-elect said his government plans to seize oil and gas reserves owned by international companies, leaving other assets such as pipelines and refineries in the hands of foreign operators. “The state will exercise its right of ownership, and that means it will decide on the use of those resources,” Evo Morales told reporters yesterday […]

The Four Horsemen of Industrial Society

A famous story that has endured through the centuries is recorded in the final pages of the Bible, Revelation 6. It may have relevance to our time and provide images for us to understand our historical reality. I am not totally satisfied with this tale, but it has merit: the Four Horsemen of the Apocalypse. […]

Fears rise over second Russia gas dispute

Russia’s use of energy as a political tool was in the spotlight again on Wednesday as the European Union expressed concern about Moscow’s dispute with Moldova over gas prices, and a crisis continued in Ukraine over its recent stand-off with Russia about gas. Moscow stopped gas supplies to Moldova on January 1 after the former […]

Brazil Is Awash in Energy (Except for Natural Gas)

President Luiz InThe New York Times

EU wakes up to global energy pressures

Energy commissioner Andris Piebalgs said energy supply has begun to play a key role in EU foreign policy in the past nine months, responding to criticisms of inaction from Polish MEP Bronislaw Geremek on Wednesday (11 January). ..The European Commission will “steer” the EU toward this goal at the Austrian presidency’s first summit in March, […]

Trade gap reaches new peak of

Britain’s trade deficit surged to a new peak of http://politics.guardian.co.uk/economics/story/0,11268,1684500,00.html

BP Says Output Fell, Texas City Closure Cost $900 Mln

BP Plc, Europe’s largest oil company, said a decline in oil and gas production worsened in the fourth quarter, with damage from hurricanes costing more than $900 million in profit at its Texas City refinery. Output in the period was about 4.01 million barrels of oil equivalent a day, 2.2 percent less than the 4.1 […]

Melrose races 9% ahead after news of gas discovery in Egypt

Shares in Melrose Resources raced up 9% on news of a discovery in Egypt accompanied by the prediction of a big increase in the company’s production in the country. The initial recoverable reserves were estimated at 120 billion cubic feet of gas and condensate but the company believes that appraisal of the find might lead […]

Offshore energy studied

Natural-gas exploration off Virginia’s coast can be done safely, would take years to yield results and must be part of a comprehensive plan to meet energy needs, a state official says.  A U.S. Interior Department agency has estimated that 11.7 trillion cubic feet of gas and 1.2 billion barrels of oil could lie off the […]

Interior Dept. clears way for oil leases in part of Alaska’s North Slope

The Interior Department on Wednesday opened nearly half a million acres of federal land in an ecologically sensitive area of Alaska’s North Slope to oil and gas development. The department said it would allow oil development in virtually all of the wetlands surrounding Lake Teshekpuk in the northeast corner of the National Petroleum Reserve-Alaska. The […]

Solar vendors move towards Moore’s Law

For years, solar cell makers have made slow improvements in their products. Now, photovoltaic (PV) suppliers are not exactly moving at the pace of Moore.eetimes

America still behind the curve on alternative energy use

Sometimes, it seems like we’re standing still when it comes to national energy policy. It seems we’re giving little more than lip service to the idea of weaning ourselves off of foreign oil and finding ways to increase our use of other energy sources. Others aren’t so stalled. This month there were stories about Brazil […]

‘Find a couple of spare planets or face global oil war’

THE world faces the real threat of a new conflict over oil as China competes with existing world powers for scarce resources to feed its growing economy, according to a report published today. The State of the World 2006, released by the Worldwatch Institute, says that last year China became the second- largest importer of […]

Angola confirms new oil discovery

Angolan state-owned oil company SONANGOL and Total of France have confirmed a new oil discovery in Angola’s offshore block 32. In a statement released on Wednesday in Luanda, SONANGOL and Total said appraisal drilling in the Gengibre-2 well to 4,342 meters had tested to 5,100 barrels per day. peopledaily

New Source of Global Warming Gas Found – Plants

German scientists have discovered a new source of methane, a greenhouse gas that is second only to carbon dioxide in its impact on climate change. The culprits are plants. They produce about 10 to 30 percent of the annual methane found in the atmosphere, according to researchers at the Max-Planck Institute for Nuclear Physics in […]

Solar Potential is Ripe, but Short Term Limitations Exist

A major workshop that gathered 100 participants representing a large part of the European and global photovoltaic industry, confirmed the projections of the European Photovoltaic Industry Association (EPIA), which anticipate, in an accelerated scenario, that the annual global photovoltaic (PV) market could reach 5.4 GW in 2010. A tight silicon raw material situation, however, will […]

2005 Solar Year-end Review & 2006 Solar Industry Forecast

The rapid increase in solar cell production in 2004, thanks to expanding subsidies worldwide and rising Integrated Circuit (IC) unit volumes triggered a polysilicon shortage forcing solar manufacturers to pay higher prices to secure silicon supply in 2005. Going into 2007, the industry can expect more of the same. renewableenergyaccess

Energy deals behind Chinese visit

The Chinese Foreign Minister Li Zhaoxing is beginning a week-long visit to Africa during which energy deals will be high on the agenda. China is increasingly looking to Africa for oil and gas as its economy booms. But the Chinese are looking too at other African resources – particularly its timber reserves. In the meantime, […]

Oilsands to Be World’s Largest New Energy Supply by 2010

As conventional oil reservoirs deplete rapidly around the world, Canada’s oilsands will be the biggest contributor to new global supply by the end of the decade, predicts CIBC World Markets [TSX:CM]. And in an energy market where state-owned firms control a major portion of global daily production, the oilsands provide one of the few remaining […]

Iran crosses last red line; UN sanctions ahead?

Iran’s abrupt resumption of its nuclear program this week, throwing Tehran’s clerical regime into open conflict with the rest of the world, appears to have doomed current diplomatic efforts to curb the country’s nuclear ambitions. Ending a two-year freeze on research into uranium enrichment – an essential step in the production of both nuclear reactors […]

Middle East can beat India in race to become global hub

Given the infirmity in logistics and high import tariffs in the Indian oil refining industry, the Middle East will gradually outdo India in terms of developing potential refining hubs in Asia, says a study conducted by Shell Global Solutions International. The study points out that the lower capex for refinery in India over other potential […]

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