American Physical Society: Reviews

The January issue of the American Physical Society newsletter reviews three energy-related books: Twilight In the Desert by Matthew Simmons, The End of Oil: On the Edge of a Perilous New World by Paul Roberts, and The Hydrogen Economy: The Creation of the Worldwide Energy Web and the Redistribution of Power on Earth by Jeremy […]

Helping Hand In Hunt For Oil

With energy prices sky high, even school kids can cite the per-barrel cost of crude oil. That’s put a spotlight on energy producers. The high prices have made it worthwhile for them to explore new areas in search of oil. And they’re rethinking already-tapped oil sources All that’s giving a boost to field service companies. […]

India to tap Dutch friendship for nuclear energy

As part of an intensified campaign in its quest for civilian nuclear energy, India will tap the Netherlands when Dutch Prime Minister Jan Peter Balkenende comes here on a three-day visit starting Jan 18. The visit is an important one for India’s campaign to influence the powerful Nuclear Suppliers Group (NSG), of which the Netherlands […]

India to have 15-day oil reserve by 2015

India, Asia’s third-largest oil consumer, finally firmed up on Friday stalled plans to build a strategic crude oil reserve by 2015, aiming to bolster its energy security as imports rise, officials said. The cabinet approved a proposal to build the 5 million tonne (37 million barrels) reserve at a cost of Rs 112.67 billion ($2.5 […]

Venezuela to send US more cheap oil

Venezuela has said it will expand a programme to provide cheap home heating fuel to poor Americans, helping low-income families in Vermont and Rhode Island, as well as four Indian tribes in Maine. Venezuela’s Citgo Petroleum Corp has already begun selling millions of litres of discounted fuel in Massachusetts and the Bronx in New York […]

20 years left to achieve climate stability – scientist

A leading Australian scientist believes that the world has just 20 years to turn the tide on global warming and that leaders at a summit in Sydney next week must take concrete steps to tackle the problem. Tim Flannery, a respected Australian scientist and author, says the world’s economic powerhouses must take drastic measures over […]

Brazil’s Status As Net Oil Exporter Raises New Issues

Exporting oil is “an act of treason,” reckons Heitor Manoel Pereira, president of the Association of Petrobras Engineers, or AEPET, with 3,923 members in the active work force. “Brazil is no Saudi Arabia that can export as it wishes. This will reduce our possibility for development in coming years,” Pereira said. According to specialists consulted […]

China to spend 12 trillion yuan on energy and transportation in coming 5 years

China is estimated to spend 12 trillion yuan (1.5 trillion U.S. dollars) on its energy and transportation sectors in the upcoming five years, Friday’s China Securities Journal reported. In the next five years, the annual investment in the coal industry will be increased by 60 billion yuan or 70 billion yuan a year, the paper […]

Japan aims to cut 2030 oil demand with GTL, biofuel

apan has set out an ambitious goal of replacing a fifth of its oil demand with biofuels or gas-to-liquid (GTL) fuels by 2030, but the plans will do little to ease its insecurity over imported energy supplies. Japan’s energy agency has been working for more than two years to iron out long-term energy policy guidelines […]

China-Africa trade jumps by 39%

Trade between China and African nations jumped 39% to $32.17bn (BBC

Underground: Mining, Sago, and Death by Greed

I’ve made little secret of the fact that I work in the coal industry. As a result, several people have asked me for my thoughts on what happened at the Sago Mine earlier this week. Thing is… I’m not sure I have all that many thoughts. Or maybe it’s that I have too much of […]

The Myth of the Hydrogen Economy:Dale Allen Pfeiffer.

There is a lot of talk about the hydrogen economy. It is at best na

Options running out after Iran snub

Seemingly oblivious to increasing the chances of potentially fateful confrontation, Iran this week abruptly informed the International Atomic Energy Agency (IAEA) that it would resume nuclear-fuel research next week, and as a follow-up, failed to show up for a scheduled meeting with the UN watchdog to explain what it intended doing.

10 Geopolitical and Economic Trends to Watch in 2006

America and the world enter 2006 on the strength of some powerful geopolitical and economic trends that are bound together by the unrelenting pace of globalization, which despite causing unease in many pockets quietly continues more unchallenged and faster than ever before. This rapid globalization feeds the underlying strength and stability of the world economy, […]

OPEC Probably Won’t Cut Output at Next Meeting, Barkindo Says

The Organization of Petroleum Exporting Countries probably won’t cut oil production when the group meets this month because demand is strong, Mohammed Barkindo, OPEC’s new acting secretary-general, said. “It is not likely,” Barkindo said in an interview today in Lagos, Nigeria. “You can see what prices are doing now. What would be the need to […]

We need a Plan B. A new book examines civilization in decline and calls for a re

As the role of oil recedes, the process of globalization will be reversed in fundamental ways. As the world turned to oil during the last century, the energy economy became increasingly globalized, with the world depending heavily on a handful of countries in the Middle East for energy supplies. Now as the world turns to […]

Govt must prepare for potential oil crisis. (Japan)

The government faces challenges in securing stable energy supplies due to natural disasters and changes in the international political situation, according to analysts. The Economy, Trade and Industry Ministry’s guidelines in the government’s new energy strategy were compiled to meet the structural changes taking place with regard to the global energy supply situation, such as […]

Russia’s Gas Weapon

I’ve written about Peak Oil, and how 2006 could be the year when world oil production declines. However, even if production does keep pace with demand, the oil patch should remain a good investment. North American players should do particularly well, since they provide secure hydrocarbon sources for our increasing energy needs. The ongoing Ukrainian […]

Oil is the problem of an SNP/Green coalition (Scotland)

THURSDAY’S editorial, regarding a Greens/SNP coalition, hit the nail on the head. “It is difficult to imagine any meeting of minds over oil.”Peak oil, the peaking in global oil production some time this decade, is now at the core of the Scottish Greens’ thinking, as testified by the fact that peak oil is now apparently […]

Bulgaria in Russia gas supply row

Bulgaria says it has become embroiled in a tussle with Russia over the price it pays for its gas imports. Energy minister Rumen Ovcharov said Bulgaria was refusing demands to change its gas supply contracts with Russian state-run energy firm Gazprom. Switching the contracts would effectively raise the price Bulgaria pays for its gas imports […]

The Oil Drum: Four US Linearizations

I’d like to begin an investigation into how much error we might expect to make by extrapolating Hubbert linearizations forward (for background on the method, try this post). It’s going to take several posts, I think; there’s a bit of work to do, and I’m not sure quite what schedule I’ll be able to accomplish […]

OPEC’s December production slips

Survey: Output hits lowest level since May, falls to 29.81M bpd on fewer Saudi Arabia, Iraq exports. LONDON (Reuters) – OPEC’s oil output in December fell to its lowest level since May as Saudi Arabia cut output and Iraqi exports slumped, a Reuters survey showed. Output from the Organization of the Petroleum Exporting Countries fell […]

Leaders ignore oil depletion

Try to imagine what your life would be like if you didnDuring the Canadian federal election campaign, major party leaders have downplayed the possibility of any kind of economic crisis, never mind an Argentina-style meltdown. They

The scramble for energy fuels a new era of power politics

The bigger lesson is the extent to which rising demand for finite energy resources is already remaking the strategic landscape. This week’s [Ukraine/Russia] spat was a fragment of an altogether more disturbing picture. For now, Islamist terrorism, failed states and unconventional weapons pose the most visible threat to global security. Rival claims on scarce energy […]

France will run trains free from fossil fuel, says Chirac

JACQUES CHIRAC, the French President, has stolen a march on Tony Blair Times of London

Earnings Updates Signal Another Fat Quarter for Big Oil

Interim quarterly earnings reports released Thursday by ConocoPhillips (COP) and Marathon Oil Co. (MRO) signal that the oil majors will once again report huge profits at the end of the month. Compared with the third quarter of 2005, a record-breaking period for some companies, ConocoPhillips and Marathon saw higher natural gas prices, but lower crude […]

China Welcomes Small Cars Back to its Streets

China will encourage the manufacture and use of small, low-emission cars, overturning current restrictions on them to help curb its growing appetite for oil, the country’s top economic planning body said. Parking fees for small cars should be lower, officials should lead the way in using them and limits on their use as taxis should […]

China signals reserves switch away from dollar

China indicated on Thursday it could begin to diversify its rapidly growing foreign exchange reserves away from the US dollar and government bonds – a potential shift with significant implications for global financial and commodity markets…“It is a subtle but clear signal that they are interested in moving away from the US dollar into other […]

German Minister Dismisses Nuclear Power Lobby

Germany should boost renewables rather than nuclear power to increase its energy security, Environment Minister Sigmar Gabriel said on Tuesday, seeking to snuff out a debate rekindled by a Russian gas blockade. Gabriel’s Social Democrats struck a deal in 2001 with utility firms to close Germany’s 19 nuclear power plants by 2020, but leading members […]

Adding fuel to Iraq’s fire

Iraq’s oil minister losing his job is just one symptom of an industry plagued by underproduction, insurgent attacks, skyrocketing fuel costs and labor problems at refineries. The outgoing Iraqi government placed Minister for Oil Ibrahim Bahr al-Ulum on mandatory administrative leave after he publicly criticized Prime Minister Ibrahim Jaafari’s administration for implementing a plan to […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy