Oilsands focus of global energy attention

..While the world is not running out of energy, it is running out of the cheapest sources of energy, as conventional oil production is on the decline and new supplies are increasingly coming from deep offshore sources and the oilsands, Avery Shenfeld, managing director and senior economist with CIBC World Markets, added. “By the time […]

BP’s Browne Says Access to Oil Reserves Is Restricted

International oil companies face a “serious problem” gaining access to the world’s largest oil reserves as they look to expand production, BP Plc Chief Executive Officer John Browne said. While the world has “plenty of resources,” access to the biggest deposits is restricted by some governments, Browne said. The biggest oil and gas fields are […]

Oil price and farmers

The government’s erratic actions as regards fuel price are making the crisis worse confounded. Under external pressure fuel price has been raised repeatedly. This with its multiplier effect almost put the economy off balance : prices went up and food production was threatened. More recently the Finance and Planning Minister dismally forecast that oil price […]

Nuclear energy a must for Turkey- Energy Minister G

Turkish Energy and Natural Resources Minister Hilmi Guler said on Wednesday that nuclear energy is a must for Turkey. Guler said that the Turkish economy, which is the 17th largest in the world should use nuclear energy to take its place among the top 10 economies of the world. Turkey is planning to construct three […]

China’s fast breeders

While the Indian Department of Atomic Energy insists on building its fast breeder programme in splendid isolation, China is on fast track development of a breeder programme. With a little help, of course, from Russia. Although Chinese engineers have been working on fast reactor physics since the 1960s, there has been an acceleration of the […]

N/Delta Militants Give Fresh Ultimatum

Movement for the Emancipation of Niger Delta (MEND) yesterday issued a fresh 96-hour ultimatum to expatriates to leave the region or face its wrath… In the latest threat however, the group said it would blow up more installations, attack administrative offices, vessels and production facilities as well as take more hostages if its demands were […]

S.Africa to spend $94 mln on nuclear energy development

South Africa will spend 580 million rand in fiscal 2006/07 on the development of a pebble bed modular reactor (PBMR) as it searches for new energy sources, the Treasury said on Wednesday. The country plans to build a PBMR near its only existing nuclear power facility Koeberg, north of Cape Town, as it scrambles to […]

Govts urged to consider congestion tax

Oil prices should not be artificially suppressed and state governments must consider traffic congestion taxes, an economic think tank has proposed… And they warn car makers’ dependence in Australia on big family vehicles may have to be cut if they are to survive in a high petrol price environment.The Age

China, Iran May Sign Oil Field Pact In March

China and Iran may sign a pact as early as March to jointly develop the massive Yadavaran oil field in southern Iran, the influential Chinese magazine Caijing said in a report Thursday. China Petroleum & Chemical Corp. (SNP) Group, or Sinopec Group, may have a 51% share in the field, while India’s Oil & Natural […]

New science shows urgent action needed today on climate change

New research released by the Environment Agency today shows that the decisions of this generation will leave a legacy of increasing climate change over the next millennium unless there is a major reduction in emissions. With temperatures increasing by up to 15 environment-agency

Ford to Build Hybrids in Canada by 2010

Ford of Canada is on track to become the first automaker to bring hybrid vehicle production to Canada when the Oakville Assembly Complex (OAC) adds hybrid versions of the all-new Ford Edge and Lincoln MKX to its assembly line by 2010. In preparation, Ford is investing C$1 billion (US$864 million) in OAC to convert it […]

Satisfying China’s demand for energy

As part of the BBC’s Fuelling the Future season, Rupert Wingfield-Hayes looks at the factors fuelling growing demand for energy in China, and how the country plans to cope once the oil age is over. So what will China do when the oil runs out? The answer is that to fuel its future China will […]

Bernanke – High Energy Prices to Push Alternatives

High energy prices should spur investment in alternative energy sources and induce conservation over the long term, but they make the economy vulnerable in the near term, Federal Reserve Chairman Ben Bernanke said Wednesday. “We’re in a difficult period,” Bernanke told the House Financial Services Committee, noting high demand for global supply could keep energy […]

Living with Peak Oil awareness

I’m a little concerned about my brother’s state of mind these days. He’s convinced that our way of life is doomed to a collapse which will leave innocent people in danger of starving while they spend every waking moment trying to ward off hungry bands of desperados determined to rape and pillage. He’s convinced that […]

Drop in energy prices may be short-lived

Potential bottlenecks could tighten gasoline supplies this summer The recent skid in oil prices is giving consumers a welcome break from higher heating oil and gasoline prices. But analysts say the reprieve may be only temporary. Though the groundhog has predicted plenty of cold weather ahead this winter, heating oil prices have likely peaked for […]

Mazda to lease gasoline-hydrogen car in Japan

Car’s rotary engine will be able to burn either gasoline or hydrogen. TOKYO (Reuters) – Japan’s Mazda Motor Corp. said on Wednesday it will begin leasing a dual-fuel car that can run on both hydrogen and gasoline in the auto industry’s latest effort to reduce oil consumption in vehicles. Most major auto makers are developing […]

Investors Are Tilting Toward Windmills

It’s hard to be in a business where you literally “The president’s speech changed zero for us; it was simply a recognition of what we already knew,” said David L. Calhoun, vice chairman of GE Infrastructure, the group that includes both turbine manufacture and energy financing. For now, wind energy is the only profit star […]

Economist: Bad news on energy costs

If recent reports are true, the world Even without the news out of Kuwait, Rob Hogan would have had a hard time finding anything positive about energy-related costs for the 2006 cropping year.

‘You can’t just force people!’

Could the growing of bio fuel crops save many European farmers who have experienced problems in selling their output in recent decades? There might indeed be very attractive prospects in this regard. But this debate about over-production in Europe misses the point. At the global level, far from having too much we have too little […]

What Fuel Bills? U.S. Consumers Still Spending

Shaking off a middling holiday shopping season and fears of higher heating bills, Americans spent freely in January, the government reported yesterday, providing reassurance that the economy is beginning the new year with fresh strength… While many economists expect spending increases to slow for the rest of the winter, the strong consumer spending and solid […]

How Energy-Positive is Ethanol, Really?

Thanks to state and federal energy policy (steered in large measure by the agriculture lobby), ethanol has become one of the most popular forms of renewable vehicle fuel in the US. However, if you consider everything that goes into making ethanol, as well as its byproducts and waste products, does it truly represent a net […]

Saving Energy

MAINE – Modest steps in Maine such as encouraging increased use of biofuels and requiring more energy-efficient appliances won’t do much to slow U.S. oil imports from the Middle East. But, given the lack of national policies to reduce oil and gas use, states have no choice but to enact their own rules, slowly pushing […]

Could biofuels be a bonanza?

MICHIGAN – Rising gas prices, technological breakthroughs and a push by President Bush are combining to make some experts think that in as little as six years, many Americans will be driving cars powered by fuels made of such things as switchgrass, wood chips and corn stalks. The potential of ethanol biofuels has huge implications […]

Nothing ignites seniors like soaring fuel prices

From gasoline to natural gas, retirees doing best to cope …Regardless of their financial condition, little upsets them more than big fuel prices. They talk about it endlessly. When gasoline prices were at their peak, they convened over cups of senior coffee to share where they’d found the cheapest prices. Lately, the buzz has been […]

Ford Invents Hybrid that is 300% more efficient than Toyota Prius

Ford is developing a new form of automotive propulsion, and the implications for the American Auto Industry are huge. The Hydraulic Hybrid could be the greatest innovation since the internal combustion engine itself, and Ford is on the inside track with its F-150 Hybrid. New Tech Spy Has learned details about the system that are […]

Cost of E85 fuel is higher than gasoline

The heavily promoted alcohol fuel called E85 might cut America’s oil use and help support U.S. agriculture, but it’s not reducing motorists’ fuel bills. It’s boosting them significantly. The price of E85 At some Nebraska stations, E85 was $2.19 a gallon Tuesday, while gasoline with 10% ethanol

Gentlemen, Start Your Engines

..Amateurs should not fool around with issues of Peak Oil. They confuse their readers with rah-rah bromides, and will cause people to hurt themselves. These type of party-hardy cheerleaders idealize the workings of the so-called “free market” (dollar-denominated, so how “free” can it be?), while ignoring the inexorable march of resource depletion and the irreversible […]

Woodside expects oil prices to stay high

The head of Australia’s largest independent oil and gas producer, Woodside Petroleum Ltd, expects the oil price to remain high as the company boosts its production output… He said the oil price was also healthy and would remain so for the next 12 months, ranging between $US55 and $US60 a barrel.The Age

North Sea Companies May Sell More Oil, Gas Fields Than in 2005

Oil companies will probably sell at least as many U.K. North Sea assets as they did in 2005 to cash in on high prices and get rid of maturing oil and gas fields, a U.K. acquisitions consultant said… “The U.K. is not where our future growth is going to come from,” said Martin Tiffen, Total’s […]

Indonesian growth hit by doubling of fuel prices

Indonesia’s economy grew by an annualised 4.9 per cent in the final quarter of last year, its slowest growth in six quarters, after the government of President Susilo Bambang Yudhoyono more than doubled fuel prices.…The result was a major hit to private consumption – which makes up about two-thirds of gross domestic product – and […]

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