Zapatero lobbies Morales over Bolivia energy nationalisation plans

The diplomatic skills of Jos..But Mr Morales has given no indication that he is prepared to give ground. In an interview with Spanish newspapers, he said all contracts signed with oil majors were “null and void” because they had not been ratified by the Bolivian congress. He said Repsol’s gas exports to Argentina would be […]

EU acknowledges holes in its energy policies

Just hours after Russia ended a standoff with Ukraine that disrupted gas supplies across Europe, EU officials acknowledged that the dispute had exposed holes in the Continent’s energy policy. “Europe needs a clear and more collective policy on the security of our energy supply,” said Andris Piebalgs, the EU’s energy commissioner. “Now, powers reside at […]

The Bolivarian revolution and Latin American independence

Political parties allied with Venezuelan president Hugo Ch Socialism and Liberation

Mizoram to become ”green oil field” by 2008

Mizoram government has chalked out an array of measures to make the state into “green oil field” by producing huge quantity of bio-diesel by 2008. Mizoram would be the first state in the North Eastern region to implement a mega project to cultivate Jatropha plantations, across the state, for extracting huge quanity of bio-diesel under […]

Oil and Gas Zones Cover One-Quarter of the Peruvian Amazon

The Peruvian Amazon, a region that still holds some of the most pristine biodiverse rainforests on Earth, is facing an unprecedented wave of new oil and gas exploration.…Environmental groups regard the $5 billion Camisea project as one the most harmful in the Amazon today. They say the project has already caused “significant damage” to the […]

The Peak Oil Crisis: New Years 2006

It is clear that if we have not already arrived at peak oil, then we have at least entered the run-up to the final peak. This year is certain to start with increasing demand for oil. Current world daily consumption of circa 84 million barrels a day (the exact number is always murky) is forecast […]

TSX soars to record, topping tech high

Oil, gold shares drive Toronto index as analysts see no sign of new bubble. “The bull market is not yet over,” predicted technical analyst Ron Meisels, a contributor to NA-Marketletter.com. “We are heading higher and Toronto will probably, at least for the first six months of the year, perform better than New York.” thestar

US warns Iran against resuming atomic fuel research

The United States has warned Iran against resuming atomic fuel research and development next week, saying if it does not abide by agreements, the international community will have to consider additional steps to restrain Tehran’s nuclear ambitions. “If Iran takes any further enrichment-related steps, the international community will have to consider additional measures to restrain […]

The Hydrogen Economy

We are in the early stages of an historic change in the way we organize the earth’s energy. The Industrial Age, which began with the carrying of coal from Newcastle several hundred years ago, is now winding down in the oil fields of the Middle East. Our petro-geologists tell us that global production of oil […]

OPEC President: Healthy Demand Seen for Foreseeable Future

OPEC doesn’t need to consider an output cut when it meets late January, if oil prices continue to trade at current levels of around $60.00 a barrel, the group’s president told Dow Jones Newswires Wednesday. “Anything in the high $50’s or low $60’s isn’t a case for cutting output,” Edmund Daukoru told Dow Jones Newswires […]

December ASPO newsletter

The ASPO January newsletter is now available. http://www.peakoil.ie/downloads/newsletters/newsletter61_200601.pdf

Global warming 55 million years ago shifted ocean currents

An extraordinary burst of global warming that occurred around 55 million years ago dramatically reversed Earth’s pattern of ocean currents, a finding that strengthens modern-day concern about climate change, a study says. The big event, the Palaeocene/Eocene Thermal Maximum (PETM), saw the planet’s surface temperature rise by between five and eight degrees C (nine and […]

DOE Funds Five Nuclear Hydrogen Research Projects

The development of different means of hydrogen production (not dependent upon natural gas) for use in transportation and energy systems remains one of the longer-term priorities of the US Department of Energy. NERI selected the 24 projects on the basis of a peer review of 144 proposals from universities across the United States. The selected […]

Global Goals of Clean Energy Encourage Research to Improve Fuel Cell Membrane Se

“Scientists in Europe have invented a membrane separation technology – organic solvent nanofiltration (OSN) – that is flexible, cost-effective and offers an environmentally friendly process to minimise waste and recover catalysts in the fine chemical and pharmaceutical industries,” observes Ms. Nagel. If you are interested in an analysis providing manufacturers, end users, and other industry […]

An Overview of the First European Fuel Cell Technology and Applications Conferen

After lunch Dan Brett from Imperial College in the UK delivered an excellent presentation on fuelcelltoday

Thomson inventor branches into tree energy system

A nail. A tree. A copper pipe. A Thomson inventor is pounding the items into a system and promoting it as a way to capture free, unlimited green energy. Gordon W. Wadle, a Carroll County resident, and MagCap Engineering of Canton, Mass., applied in December for a patent for an electric power generating system. “You’ll […]

China-Africa ties grow and tip global balance

Beijing imports oil, metals and agricultural products too. It makes funds available and exports merchandise, manpower and technical expertise. Political ties are intense, even in the face of opposition from Europe and the US. More than 700 Chinese companies are at work in 49 African countries. Links between China and African countries are growing fast […]

EU experts to mull Adriatic pipeline as alternative to Russian gas

 European Union gas experts meeting in Brussels have agreed to consider the construction of a pipeline from the Adriatic Sea towards central Europe to reduce dependence on Russian gas, Hungarian Economy Minister Janos Koka said. ‘The idea of an alternative gas transportation system is already being discussed at the European Union level,’ Koka told MTI […]

Debate swirls as wind power grows

Giant windmills are popping up on farms, scenic mountain ridges, prairie grass and Indian reservations, dramatically changing the nation’s landscape and spinning a debate about where they belong. Wind power grew rapidly in 2005, becoming more competitive as natural gas prices jumped and crude oil prices reached record highs. Improved technology, a federal tax credit […]

Analysts forecast 2006 oil price over $57

Consumers will have to pay more for oil in 2006 than the record prices paid in 2005, according to a Reuters poll of industry analysts. The survey of 30 analysts’ forecasts shows the price of benchmark U.S. light crude oil futures in 2006 will average $57.31 a barrel.

Oil prices jump to highest levels since late October

Oil prices jumped by as much as 4 percent yesterday, to their highest levels since late October, as fallout from Russia’s showdown with Ukraine over natural gas supplies roiled an already jittery speculative market. Prices touched $63.80 per barrel in New York Mercantile Exchange trading for oil to be delivered next month, the highest since […]

Britain facing fresh oil supply crisis, warn independents

Britain is in the grip of a fresh oil crisis, with supplies to hospitals, petrol stations and households all under threat, according to independent wholesalers and retailers. NHS Trusts on interruptible gas contracts have begun frantically shopping around for oil supplies to heat hospitals, while petrol stations in the South-east are said to be begging […]

The Russian bear trap

The year has been ushered in with a warning signal. There is no mistaking the fact that the statement issued by the US State Department in Washington on January 1 was not just about natural gas or Ukraine or the biting cold of Europe’s winter. It had as much to do with a return to […]

The Oil Drum: The Extraction of Exhaustible Resources

Let’s discuss the ideas of Gowdy and Julia, whose main conclusions are essentially that 1) oil is not being treated as a finite resource as the oil field analyses predict and 2) temporary production gains mask real scarcity and result in misleading low oil prices. Let’s look at the work of Hotelling in the context […]

Central Asia, Washington and Beijing Energy Geo-politics

On December 15, the state-owned China National Petroleum Corp. (CNPC) inaugurated an oil pipeline running from Kazakhstan to northwest China. That pipeline will undercut the geopolitical significance of the Washington-backed Baku-Tbilisi-Ceyhan oil pipeline which opened this past summer amid big fanfare and support from Washington. The geopolitical chess game for the control of the energy […]

Long-Term Forecasts Revised For The Energy Markets

Last month the Energy Information Administration (EIA), a branch of the U.S. Department of Energy, released their official long term forecast for the U.S. energy markets. The twenty-five year forecast of energy production and consumption is radically different than the one issued last year http://www.financialsense.com/fsu/editorials/dancy/2006/0103.html

Britain facing fresh oil supply crisis, warn independents

Britain is in the grip of a fresh oil crisis, with supplies to hospitals, petrol stations and households all under threat, according to independent wholesalers and retailers. The looming crisis has been caused by a combination of factors such as bad weather, Hurricane Katrina, the Buncefield oil depot fire and fears that the dispute between […]

UK consumers to pay

Dwindling output at the North Seas oilfield and rising whole prices of gas will make UK homeowners shell out at least Vip Loan

Iranians to restart nuclear activities

Iran announced Tuesday plans to restart sensitive nuclear research activities, a move that threatens an agreement with European negotiators and tests the will of the international community to punish the country. The decision, contained in a letter delivered Tuesday to the International Atomic Energy Agency, the United Nations’ nuclear monitoring agency, in Vienna, declared that […]

Simmons expects oil to hit 250 dlrs pb

The former energy advisor of US President George W Bush, Matthew Simmons, predicts oil prices could reach as much as 250 US dollars per barrel over the coming years. “We have to expect an oil price between 200 and 250 dollars per barrel,” Simmons was quoted as saying on Tuesday in the January issue of […]

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