‘Mad scramble’ for assets seen

Canada’s oilsands are becoming such significant global oil suppliers there will be a “mad scramble” in coming years to purchase oilsands assets, two new reports predicted yesterday. Jeff Rubin, chief economist at CIBC World Markets, said the oilsands are poised to become the single biggest contributor to net new global supply by the end of […]

Opec nations

The oil revenues of the Organisation of the Petroleum Exporting Countries, the cartel that controls 40 per cent of the world

The Clusterfuck Nation Chronicle

 I helped burn a few thousand gallons of aviation fuel flying out to San Francisco over the weekend to attend a meeting of people concerned about the injustices of globalism — not exactly my bag, as we liked to say so many years ago, but a worthy crew of thoughtful folks to consort with. My […]

More Brazil cars run on alcohol

Brazil’s carmakers sold more vehicles adapted to run on alcohol last year than conventional petrol-driven models, motor industry figures show. “Flex-fuel” cars, which run on any combination of ethanol and petrol, took 53.6% of the Brazilian market in 2005.

KAZAKH

On December 15 President Nursultan Nazarbayev officially announced the completion of the 988-kilometer long Kazakh-Chinese oil pipeline from Atasu in West Kazakhstan to the Chinese border town Alashankou, and pushed the button of the pumping installation at the main control center of the national oil transporting company KazTransOil. The same day, Nazarbayev sent a message […]

Russian oil supplies to China up 30% in 2005

Russia increased rail deliveries of its oil to China by more than 30% in 2005, to more than 7.6 million metric tons (150,000 bbl/d), Russian Railways said Wednesday. “Russia transported more than 7.6 million metric tons of crude in 2005, almost 80,000 metric tons above the target,” the press office of Russian Railways’ East-Siberian branch […]

Myanmar stiffs India on gas, prefers China

In a major blow to India’s effort to secure its energy needs through transnational pipelines, Myanmar has refused to supply natural gas to New Delhi and instead preferred doing business with China. After beating Indian firms in overseas oil field acquisitions on three occasions in the last five months, Hong Kong-listed PetroChina has inked an […]

OECD urges US to use energy more efficiently

The Organisation for Economic Co-operation and Development has called on the US to use energy more efficiently in order to safeguard its prosperity while protecting health and preventing some of the damage associated with climate change. The US’s relatively profligate use of energy came in for particular criticism in a 286-page OECD environmental “report card” […]

China’s race for energy resources only just heating up

China’s $2.3-billion Nigerian oil venture is a major step forward for the energy ravenous country as it seeks to power its fast-growing economy but analysts said on Tuesday the race was just heating up. China National Overseas Oil Corp (CNOOC)’s purchase of a 45% stake in the Akpo field off the West African nation is […]

Whole Foods switches to renewable energy

Whole Foods Market, the American health food giant which is opening a flagship store in London next year, has become the first major US company to convert all of its energy to green sources. The move will cut carbon dioxide emissions by the same amount as taking 60,000 cars off the road for a year […]

Solutions proposed for UK’s ‘looming energy gap’

The UK will require supply from all sources of energy if its standard of living is to be sustained, said 150 scientific, technical, economic, and sociological experts who contributed to a report aimed at helping the UK government address a “looming energy gap.” Changes in the way energy is produced and used will be necessary, […]

First Belizean oil to be exported to Texas

Ever since the first significant petroleum find was made on July thirtieth of last year, Belize has been experiencing something of an oil frenzy. Never mind that the speculation has always run far ahead of the facts, beginning with the Belize Times shouting Eureka! almost before the drilling even started. But the gap between our […]

Sudan’s new oil wealth still a source of conflict

Nothing has changed in the way oil wealth is distributed in Sudan, oil and aid workers say, a year after a peace agreement to end a petroleum-fueled civil war in the south of Africa’s largest country…Southerners continue to die by the thousands of easily preventable diseases, some compounded by conflicts in which the government is […]

China not to sell dollars but may buy oil with reserves – central bank

China’s central bank said it has no plan to sell off its US dollar holdings but it may use some of the country’s massive foreign exchange reserves to buy oil, state media reported. ‘The central bank has no plan to sell down US dollar assets in the country’s foreign reserves. The selling is just market […]

Worker shortage crimps Canada’s oil sands ambitions

For Canada’s energy industry it’s the $100-billion-dollar question: are enough welders, pipefitters and electricians available to meet a goal of tripling oil sands output over the next decade? Alberta’s tight labor market, already the cause of several cost overruns and delays, is the biggest inhibitor to a target of pumping 2.7 million barrels a day […]

Gas prices may continue to rise in future weeks

WASHINGTON – U.S. retail gasoline prices may continue to rise for the next few weeks, and then begin to level off in late January or early February, the government

Things are spinning out of control

… Richard Maybury in his newsletter Early Warning Report notes that “81% of all the world’s oil deposits” are in areas (which he calls “Chaostan”) that are always kicking up sand with each other, and that his best guess is that “the Third World War and the war economy will last at least two more […]

Fuel prices take toll on Hampton Schools budget

The high price of fuel is taking its toll on the Hampton Schools budget. The School Board has seen a 30% increase in the cost of fuel to keep the buses rolling. They’re also seeing a nearly 40 percent increase in heating bills to keep schools comfortable. With prices like that, officials are taking steps […]

Fuel Prices Up BT 0.40 Per Litre, Hitting All Time High

Bangkok (ANTARA News) – Retail prices for all types of fuel have risen by Bt 0.40 per litre effective from 05:a.m. on January 11, taking the diesel price to an all-time high. The rise is attributed to continuously rising prices on the global energy market, where the upward swing is projected to continue. Manoon Siriwan, […]

Mainers coping with high heating fuel prices

PORTLAND, Maine –As winter heating season kicks into gear, a growing number of Mainers are taking out loans to pay for their heating bills. With oil prices averaging $2.34 gallon, a number of credit unions in the state are offering low-interest “energy loans.” Kerosene, propane and electric rates are also up sharply this year.University Credit […]

High fuel prices eating into Himachal Pradesh’s forest cover

Kiari (Himachal Pradesh): Environmentalists in Himachal Pradesh are claiming that the rampant cutting of trees for firewood is irreversibly depleting the state’s forest cover. Despite a Supreme Court ruling, the illegal cutting of trees in the forest rich Himachal Pradesh continues unabated. Experts say if unchecked, it will create a serious ecological imbalance in the […]

Natural gas futures topple from high

WASHINGTON Consumers will see some relief, but, “It’s not going to be a hugely significant amount right away,” says Daphne Magnuson, spokeswoman for the American Gas Association, which represents natural gas utilities. The Energy Department Tuesday said natural gas consumers will still pay a record $1,000 on average for heating this winter, up 34.7% from […]

Startup hopes to tap electricity from trees

His Canton company claims to be developing a process of generating electricity from living trees and is working with an unidentified business in The Netherlands as a possible investor.

But local energy experts have questions about the concept behind the proposal.
MagCap Engineering LLC wants to patent a process that converts the natural energy of a tree to usable direct-current electricity, company President Chris Lagadinos said.

Mass High Tech

Does RussiaWith the collapse of Soviet military power, control of oil and gas has become one of Moscow

H2Go: are we nearly there yet?

Remember the hydrogen economy? A few years back, you couldnThe concept is compelling. The prototypes work. There are fuel cell motors in operation out there

Climbing the Down Escalator

Q&A with Tom Petrie and Chris Skrebowski at ASPO USA World Oil Conference It’s one thing to make a formal presentation before hundreds of energy experts, government policy makers, environmentalists and the media. All of the facts, figures and supporting charts are neatly organized and succinctly covered, usually in the form of PowerPoint bullets. But […]

Already Past the Peak?

If Alberta

Planning For the Peak

The economic effects of peak oil go far beyond spending more at the pump. You will never wake to the headline, “World Runs Out of Oil.” Rather, global oil production will rise, reach one or more peaks, and decline. Well before production declines to very low levels, the peak will mark a point of no […]

Over the Peak

No one knows when oil production will start declining, but we must focus on alternatives to petroleum now. As oil prices soared from $24 per barrel in early 2003 to a peak of $70 per barrel in September 2005, the question being asked by experts and policy makers alike was whether we’ve “entered a new […]

2006: The Year of Oil Collapse?

This could be the year that the hardships and difficulties I lump together as the ‘long emergency’ get some serious traction. The sheer weight and inertia of American life kept our systems on their feet through 2005, despite a worsening economic climate and some harsh body blows, like the hurricanes that pounded oil and gas […]

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