Cantarell — An Omen?

Last week, somebody leaked the top secret PEMEX Cantarell Depletion study, and guess what? The situation might just well be a whole lot worse than the Mexicans have been letting on. ..If the pessimistic scenarios outlined in the PEMEX study come to pass, it will be very serious. The loss of nearly 1.5 million barrels […]

Venezuela puts pressure on Opec to cut its output

The next meeting of oil ministers from the Organisation of the Petroleum Exporting Countries may be more than two weeks away but Venezuela has fired the first salvo. It has stated that the oil cartel should cut its output by up to 1m barrels a day. The call from Opec’s fourth biggest producer comes days […]

How poor nations ride high oil prices

Contrary to expectations, the sharp increase in world oil prices has not had any devastating consequences on the fragile economies of the world’s developing nations, according to a recent UN report. “Oil prices are expected to remain high in the near term, and the impact on growth and inflation will vary from country to country,” […]

Second lease of life for Omani oil wells

Oil is almost never found in convenient places. The huge oilfield of Qarn Alam is no exception. ..Here, underneath a landscape of flat sands studded with wellheads, lie more than a billion barrels-worth of oil. ..But now, the flow has diminished to a trickle; only 1,000 barrels a day, which makes Qarn Alam a disappointing […]

Ethanol could be star player in hydrogen fuel cell technology

We’re all aware of how easy it is to pull into a service station and fill the gas tank with an ethanol blend gasoline. But in the not too distant future that ethanol could be a means of adding hydrogen to a storage tank on our car to power the fuel cell that will propel […]

Norwegian Minister in Town to Talk Gas

The development of the Shtokman gas reserves in the Barents Sea was high on the agenda Thursday as the Norwegian Foreign Minister Jonas Gahr Stoere met with First Deputy Prime Minister Dmitry Medvedev. The offshore Shtokman field is billed as the largest of Russia’s planned LNG projects. The field contains 3.2 trillion cubic meters of […]

The Next Conservative Energy Policy

President George W. Bush was half right and half wrong about oil in his State of the Union speech. “America is addicted to oil, which is often imported from unstable parts of the world,” he said. However, we can’t “break this addiction through technology” alone. Two words conservatives should champion were missing from his speech: […]

Japanese firms in carbon reduction rush

Japanese businesses are on an investment spree of greenhouse-gas reduction projects abroad, especially in Asia, as the nation is in hot water over its target for slashing emissions of such gases under the Kyoto Protocol on global warming. The “credits” these firms earn in return for gas-reduction investments in developing countries can be counted as […]

Generation gap

Tony Blair has received support from a top European executive for an ambitious EU energy plan to meet the challenges of high oil prices, secure supplies and climate change. G guardian

Gas Crisis a Warning for Europe

Top international energy experts Wednesday urged European countries to unify their energy and foreign policies in order to increase energy security and reduce their dependence on Russia and the Middle East for oil and gas. The calls were made against the backdrop of growing concern within the European Union that Russia may use its reserves […]

Industry faces 90% increase in gas prices

Some of Britain’s biggest manufacturers have been warned they face price rises of more than90 per cent when they renew long-term gas supply deals in coming weeks. Energy supply brokers predicted yesterday that the soaring price of natural gas in wholesale markets would lead to a scramble by thousands of industrial users that have multiyear […]

Addressing Climate Change Requires Radical Change of Mindset

Stating that tackling the challenge of climate change requires a greencarcongress

2006 Energy Outlook – How The US Will Use Energy

The EIA has released their 2006 energy outlook. You can download the whole 236 page document from here as well as various sections. As far as energy demand goes, the EIA sees a 1.1% increase per year in energy consumption up until 2030 (where the analysis ends). From this energy increase, fossil fuels will provide […]

China begins drive to raise energy efficiency in buildings

China plans to halve energy use to heat its buildings over the next five years, saving dwindling fuel resources and helping the global environment, officials said. On average China burns 25 kilograms (55 pounds) of coal to heat one square meter of housing or office space each winter, but the target is to reduce it […]

Report: China Auto Output Up 52 Percent

SHANGHAI, China (AP) — China’s passenger car production rose 52 percent in January from a year earlier to 391,600 units, while sales surged 73 percent to 418,900 units, the official Xinhua News Agency reported Thursday.  The report said that January car output was down 4 percent from December, with sales down 8 percent, citing data […]

Greenland glaciers melting faster, study finds

Greenland’s glaciers are dumping twice as much ice into the Atlantic Ocean now as five years ago because glaciers are moving and melting more quickly, researchers said on Thursday. This could mean oceans will rise even faster than forecast, and rising surface air temperatures appear to be to blame, the researchers report in Friday’s issue […]

Desmarest: Efficiency Key to Avoiding Crisis

Improved energy efficiency is “a critical step in avoiding an energy crisis,” says Thierry Desmarest, chairman and chief executive officer of Total SA. At a press conference, he pointed out that oil resources remain important, with conventional oil reserves representing 40 years of current consumption, more it did than 30 years ago when consumption was […]

Can Oil Still Power Portfolios?

High oil prices are here to stay. While hurricanes Katrina and Rita were unpredictable events, the underlying drivers behind the steady increase in oil prices over the past few years remain. In some cases, they’re actually stronger.Motley Fool

Japan putting all its energy into saving fuel

Compared to U.S., Japan has turned energy efficiency into an art form KAMIITA, Japan – When the Japanese government issued a national battle cry against soaring global energy prices this winter, no one heeded the call to arms more than this farming town in the misty mountains of western Japan. To save on energy, local […]

EU to crack down on energy sector

Europe’s gas and electricity industries face a crackdown on anti-competitive behaviour, Brussels has warned. Outlining the initial findings of an investigation into the sectors, European Union competition boss Neelie Kroes said the industry must open up. Without naming any companies at this stage, Ms Kroes said a number of firms now faced separate investigations. She […]

Two injured in North Sea rig fire

Work on a vital North Sea gas platform has been suspended following a fire. Two people were taken to hospital, one suffering from burns and one with shock. Staff on board put out the fire. The Bravo gas storage rig in Centrica’s Rough field, with a crew of 58, is about 20 miles (31km) off […]

The Oil Drum: The American Political System and Peak Oil: Institutions

I thought I would bring some pieces of the political puzzle together into a post on why I believe the US will be overly slow to react to the problems of peak oil in both the short and long term. This is the first piece in a series of a few, the first has to […]

The Long Plateau of Peak Oil

When might the peak of world oil production arrive, and what might be the peak production rate? These are key questions, with many unknowns but few equations. The most we can do is to make some educated guesses based on past observations. Global oil production’s peak will probably not form a well-defined crest. Instead, it […]

Ethanol Again

Farmers, Experts Say Rising Fuel Costs, Threats From Trade Make Alternative Fuel Key To Long-Term Viability of Sugar in Louisiana Of all the factors that affect the price of sugar, one that has taken many by surprise is the rising cost of fuel. Many foreign economies in Asia and South America have increased their consumption […]

Ethanol mandate removed by feds

CALIFORNIA – The U.S. government said Wednesday it has formally removed the controversial ethanol mandate, which requires a 5.7 percent ethanol blend in most of the gasoline sold in California. The action by the Environmental Protection Agency implements a portion of the national energy bill signed into law in August by President Bush. It will […]

Ministry of Utilities to revisit fuel surcharge

ST. KITTS/NEVIS – Prime Minister and Minister of Finance, Dr. Denzil Douglas, said his government was forced to introduce the fuel surcharge on consumers

The great tsunami, the giant wave that will change our lifestyles forever

A long-predicted tsunami is heading toward the shores of America, a wave of incredible proportions, gathering momentum with each passing day. America has had many, many warnings of how this giant wave would develop, but these warnings have been totally ignored. Very soon our American society will experience an extremely painful awakening to the dark […]

Fuel puts deep hole in profits

QANTAS flagged the likelihood of big job cuts yesterday and left little doubt its troubled international offshoot, Australian Airlines, has an uncertain future. It says it will slash costs and seek to offset a 58 per cent rise in fuel prices that left a $37.8 million hole in the airline’s first-half profit. Qantas yesterday declared […]

Is China Preparing for War?

An Analysis of Recent Moves By China Which May Signal Intentions To Invade Russia This analysis will first look at recent developments concerning the Chinese economic and energy policies. This will be followed by an analysis of data concerning global oil consumption and peak oil. Finally, the data concerning China and the data concerning global […]

Biomass: Hope and Hype

Unless it’s done carefully, deriving fuels from biomass could destroy crop lands through erosion, increase air pollution — and even increase our dependence on fossil fuels. For example, one of the steps in processing biomass, distillation, requires heat. In the short term, inexpensive coal may appear to be a good energy source for this, says […]

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