Renewable energy gets second wind on AIM

Take that buoy in Hawaii. This is the first part of a pioneering wave-energy power station, ordered by the US Navy from Ocean Power Technologies, a timesonline

Straw rules out Iran military moves

Military action against Iran over its nuclear ambitions is “genuinely” not on the table, Foreign Secretary Jack Straw said. Mr Straw said there would be “intense diplomacy” with an emergency meeting on February 2 and 3 to consider a referral to the security council. Britain is expected to lead calls for the censure and is […]

US Govt accused of trying to muzzle climate scientist

NASA’s top climate scientist said the Bush administration has tried to stop him from speaking out since he gave a lecture in December 2005 calling for prompt reductions in emissions of greenhouse gases, The New York Times said. Since 1988 he has warned publicly about the long-term threat from heat-trapping emissions, dominated by carbon dioxide, […]

Oil Giants Struggle To Compete With New Wave Of Nationalism

A major concern is how oil giants will replace their reserves. A big reason is the new wave of nationalism. The owners of many of the world’s undeveloped fields, countries like Nigeria, Libya, Bolivia and Venezuela, are demanding a bigger piece of the pie. Meanwhile, state-owned oil companies from places such as China, India and […]

OPEC Sees No Emergency in the Iranian Crisis

OPEC sees no need to adopt emergency measures for oil production due to the crisis between Iran and the Western powers over Tehranarabnews

Take small steps on road to solar energy

Iknow solar electric systems don’t make much economic sense for most homeowners, but I want to try something. Maybe I can’t make my house totally independent of the electric company but I’d like to start on that path. What are some things a homeowner can do? Worried about blackouts after hurricanes, snowstorms or other natural […]

How to Determine the Top 100 Sustainable Companies in the World

Innovest Strategic Value Advisors and Corporate Knights announce the Global 100 Most Sustainable Companies at the World Economic Forum, documenting financial outpeformance. One such response came today from Corporate Knights, a Canadian magazine on corporate social responsibility (CSR), and Innovest Strategic Value Advisors, a socially responsible investing (SRI) research firm, who announced the Global 100 […]

US Sen Chambliss: Energy A Key Role In 07 Farm Bill

The 2007 farm bill will shift U.S. policy on alternative energy closer that of Brazil, which generates one-fifth of its fuel needs from sugar, the chairman of the senate agriculture committee said Saturday. Sen. Saxby Chambliss (R-Georgia) told Dow Jones Newswires that in a bid to reduce reliance on oil imports, the farm bill would […]

Hurry Up and Kuwait

I have been watching the price of oil creep back up toward $70 per barrel from its anticlimactic drop after Hurricane Katrina disrupted oil operations in the Gulf of Mexico. Prices fell as the US and Europe released oil from their strategic reserves to help make up the shortfall. Today, those reserves are depleted and […]

Conservation counts

University looks to add up savings from sustainability CORVALLIS, OR – Six months ago, Oregon State University painters might have poured surplus paint down the drain, thrown empty cans away and kept their shop heated even during the evening when no one was there. A lot has changed since they started working with Brandon Trelstad, […]

The Fears of the West, China and Saudi Oil

An economic expert said that if China becomes a country using cars at the same rate of Western countries, it would need to consume the total annual Middle East oil production. A World Bank report urged China to change its current growth pattern since it would lead to daily and disastrous environmental threats because of […]

Energy prices set to rise indefinitely

IRELAND – Anxiety over supplies from producer countries Iran and Nigeria pushed oil prices towards $68 (Events of the past months suggest those of us who had become sceptical about the state of oil and gas supplies look to have taken too grim a view of the situation. For the record those who fear for […]

Italy asks Russia to up gas supply

Italian Industry Minister Claudio Scajola said on Friday here Italy has asked Russia to increase gas supplies as the country suffered supply shortfalls. “I asked (Russian Industry and Energy Minister Viktor) Khristenko to help increase gas deliveries to Italy irrespective of contractual terms,” Scajola was quoted by the Interfax news agency as saying after a […]

Firms beat path to … Libya

A Libyan official said this week he expected oil firms to help normalize US ties. TRIPOLI, LIBYA “With the end of the Lockerbie issue, relations returned to normal and there were many delegations of Congress who visited Libya. I think all efforts are heading towards ending animosity,” Colonel Qaddafi said in an interview with the […]

Suburban sprawl an irresistible force in US

WASHINGTON (Reuters) – Across the United States, an unprecedented acceleration in suburban sprawl is prompting concerns about the environment, traffic, health and damage to rural communities, but opponents appear powerless to stop the process because of the economic development and profits it generates. Sprawl, defined as the unplanned, uncontrolled expansion of urban areas beyond their […]

Postal Service Van Fire Linked to Gas Theft

SACRAMENTO, CA – A fire that destroyed three U.S. Postal vans Thursday night and damaged four others is being investigated as arson, a Sacramento Fire Department spokesman said. The vans were among seven vehicles parked in an alley behind the post office in a shopping center in the 5900 block of South Land Park Drive. […]

Galloping prices of sugar

BANGLADESH – Consumers, apparently, have no respite from the onslaught of the greedy traders dealing in essential commodities. If these traders decide to fleece the consumers by raising the prices of one commodity today, they would shift to another tomorrow and thus continue with their unethical and immoral business practices. Unscrupulous traders have been enjoying […]

Tbilisi Cuts Gas to Russian Embassy, Gazexport Company

TBILISI – Georgian authorities will cut off gas supply to RussiaHe also said that it is better to provide gas to two residential apartments in Tbilisi rather than to Russian Embassy and Gazexport

Oil Giants Struggle To Compete With New Wave Of Nationalism

These should be the best of times for oil majors. Soaring energy prices have created huge profit growth to record levels. But while oil prices have more than doubled since the start of 2004, Exxon Mobil’s shares are up 48% A big reason is the new wave of nationalism. The owners of many of the […]

Govt denies fuel crisis, price hike plan

Saifur blames media for price increase rumour; energy adviser says situation to improve within 72 hours BANGLADESH – Amid rumour of a potential fuel price hike leading to hoarding of fuels by unscrupulous traders, especially in the northern districts, the government yesterday denied any shortage of fuel in the country and said it has no […]

Permanent High Oil Prices and Their Impact on North Africa

Back in my undergrad time when I took oil economics in the late 1980s, the prevailing theory was that oil prices followed an up-and-down cycle. The cycle was the result of several factors, and apart from the geopolitical ones, of equal importance was when prices were high enough, they created an incentive to invest on […]

Hastings gas station fined $10,000

Palatka, FL – A Hastings convenience store that sells gas has been fined $10,000 by state officials for alleged gas price gouging, according to a press release from the Florida Office of Agriculture and Consumer Services. The Buzzmart station at 9895 South County Road 13 is fined for allegedly raising gas prices by 53.2 cents […]

Eni Predicts Slightly Less Gas Reduction

ROME (AP) – Italian oil and gas company Eni SpA said it expected a somewhat smaller reduction Saturday in deliveries of natural gas from Russia. Eni said in a statement that it expected deliveries to be down by 2 percent, compared to the 2.7 percent reduction in deliveries for the previous 24-hour period.Eni reported daily […]

Scientists discover frozen methane gas deposit off California

LOS ANGELES – Scientists have discovered an undersea deposit of frozen methane just off the Southern California coast, but whether it can be harnessed as a potential energy source is unknown. The size of the deposit is unknown but the researchers believe it to be substantial. In recent years, there has been a growing interest […]

Petrodollar Warfare: Oil, Iraq and the Future of the Dollar

After a winter of overheated rhetorical sparring with Iran, the International Atomic Energy Agency, under duress from the United States, refers Iran to the UN Security Council. America pushes hard for a resolution to order Iran to abandon its nuclear program, but China resists and Russia sits smugly on the sidelines. US President Bush warns […]

The Oil Drum: Hubbert Linearization of the Top Three Net Exporters

Let’s assume that we have a world where all oil production is from one country–Export Land–that produces 20 mbpd, consumes 10 mbpd, and exports 10 mbpd to oil consuming countries around the world. Export Land hits the 50% of Qt (URR) point, and over a five year period production drops by 25%…what happens? It’s not […]

Scientists set sights on biomass to reduce fossil fuel dependence

The scientists from Imperial College London, Georgia Tech and Oak Ridge National Laboratory have evaluated the scientific and technological potential of a future based on renewable plant matter and biological material such as trees, grasses, agricultural crops, known as biomass. Their conclusions form the basis of a strategic alliance between the three institutions, the AtlantIC […]

Chavez warns US over spy case

Venezuelan President Hugo Chavez warned on Friday he could jail U.S. Embassy officials caught spying after accusing them of links to Venezuelan officers suspected of espionage for the Pentagon. The charges of U.S. spying are the latest test of relations between the United States and Chavez, a fierce critic of Washington who wants to bring […]

ADB stresses int’l cooperation for unsustainable energy economy

International cooperation is needed in a greater scale to address the world’s unsustainable energy economy and avoid future calamity, a leading environmentalist told Asian Development Bank (ADB) Thursday. Speaking at ADB’s eminent speaker forum in Manila, Maurice Strong, an adviser to various international organizations, corporations, and governments, said that developing countries, notably China and India, […]

India, Saudi Arabia sign energy pact

India and Saudi Arabia on Friday agreed to enter into a strategic energy partnership based on “complementarity and interdependence” that would ensure increased crude supplies and formation of joint ventures in upstream and downstream projects.In an agreement, called the `Delhi Declaration,’ signed by the Prime Minister, Dr Manmohan Singh, and King Abdullah of Saudi Arabia, […]

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