Iraq wheat contract suspension a two-edged sword for farmers

AUSTRALIA – …Prices at the moment are historically at a very low level. In fact, I believe at the start of the harvest we were looking at the lowest price in 15 years for wheat. And that is hurting us quite substantially at the moment because of the increased cost of fuel and fertiliser in […]

Natural gas sends all energy rates higher

DELAWARE – Starting May 1, Delmarva Power starts to rely on other companies to supply electricity to its customers. That means signing fixed-priced contracts that last between one and three years. Such contracts are always more expensive than buying power directly through the regional grid operator, PJM Interconnection, said Louis Monacell a lawyer who represents […]

Ethanol’s a Big Scam, and Bush Has Fallen for It

In his State of the Union address, George W. Bush called for an intense effort to develop more efficient alternative fuel sources. “We will also fund additional research in cutting-edge methods of producing ethanol, not just from corn but from wood chips and stalks or switch grass,” the president said. “Our goal is to make […]

Conserving fuel on the farm

OHIO – With diesel prices on the rise – up nearly 50 cents from this time last year and a dollar higher than in 2004 – a little bit of savings can go a long way when it comes to taking steps to conserve fuel on the farm. Randall Reeder, an Ohio State University Extension […]

The oil man

Maryland’s most conservative congressman leading charge against fuel dependency U.S. Rep. Roscoe Bartlett, the seven-term congressman from Western Maryland, eagerly flips through the large stack of charts and graphs mounted on white poster board. “Oh, this is an interesting one,” he says, pointing to the chart, propped up against the wall of a conference room […]

Huge oil profits skew earnings picture

The boom in U.S. corporate profits may not be as amazing as it seems. While corporate earnings are in the midst of a record-breaking streak of double-digit growth, the historic profits reported by the energy industry thanks to the soaring price of oil are a big reason why. Last year, for instance, earnings reported by […]

A Latin American Pipeline Dream

Regional Leaders Put Weight Behind Gas Plan BUENOS AIRES — South American leaders from Venezuela to Argentina are proposing to build the world’s largest fuel pipeline across Latin America, and they hope it will deliver much more than natural gas: They portray the plan as the first blueprint for a new era of regional cooperation, […]

The Sino-Saudi Alliance

Regardless of U.S. efforts to reduce its reliance upon Middle East oil, China’s growing dependence on the region to meet its growing energy needs will continue to be a national security concern for the U.S. Beijing has concluded, as most other developing nations have during the past century, that unobstructed access to energy is an […]

Shell, Statoil LNG Setbacks May Worsen Fuel Shortage

Royal Dutch Shell Plc and Statoil ASA are among liquefied natural gas producers that may miss output targets and worsen a scarcity of the fuel because of insufficient construction staff. The shortage of engineers and other workers plus higher materials prices led to a 30 percent jump in building costs for new LNG plants over […]

Cancel That Apocalypse — The Oil Crisis Is Over:

Forget that order for a funny- looking electric car. Take the solar panels off the roof. Don’t worry about hoarding tinned food for the long economic slump that is about to engulf the world. Why? Because the oil crisis we were all concerned about less than a year ago is quietly going away. The laws […]

Raymond J. Learsy: China Kissing OPEC Goodbye

It is the accepted wisdom that America’s energy destiny is anchored to the future energy needs of China. That our energy addiction will be tempered or exacerbated by China’s increasing appetite for fossil fuels in the years to come. We may be “addicted to oil” but so too is China and the question appears to […]

Photovoltaics can create independence

Q OK, I’ve had enough. I know solar electric systems don’t make much economic sense for most homeowners today, 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? A Actually, […]

Pickens: We can’t become energy independent

T. Boone Pickens Jr. — who in 1983 as president of Mesa Petroleum mounted an unsuccessful corporate takeover of Gulf Oil — no longer runs his own independent oil company. But the self-made tycoon from Oklahoma still is very much on top of the day-to-day madness of the global energy business: Prices are spiking, world […]

China oil consumption to rise 5.4-7.0 pct in 2006 – NDRC

BEIJING (AFX) – China’s oil consumption is expected to rise by 5.4-7.0 pct this year compared to last year, state media reported, citing a report by the National Development and Reform Commission. The world’s second biggest oil consumer after the United States consumed 318 mln tons of oil last year, according to the commission. FXStreet.com

US plans military blitz against Iran’s nuke sites

The United States is drawing up plans for bombing raids backed by submarine-launched ballistic missile attacks against Iran’s nuclear sites as a ‘last resort’ to block Teheran from developing nuclear weapons, a media report said on Sunday. Central Command and Strategic Command planners are identifying targets, assessing weapon-loads and working on logistics for an operation, […]

Chevron chief: Bush misunderstands oil market

US President George Bush breakingnews

G8 plans anti-shock fund to combat energy crisis

G8 finance chiefs, struggling at a weekend meeting here to avert future energy shocks, considered creating an anti-shock fund and developing a global gas market. The scheme would also rely on the use of technology to produce and store liquefied natural gas (LNG), which is transportable by ship without the need for pipes. gulf-daily-news

Petrocollapse and Food Security at the South Central Farm

Jan Lundberg, oil industry analyst, founder of Auto-Free Times and www.culturechange.org came to Los Angeles last weekend to speak on the issues surrounding peak oil. I attended the Sunday afternoon talk on guerrillanews

The Slippery Task of Defining Sustainability

The concept of sustainable development has moved to the forefront of many of today greencarcongress

China to cut oil dependence, looking into alternate energy

The central government is working on a long-term plan to increase the use of alternative fuels to reduce the dependence on oil. Coal gas and renewable energy sources such as biomass and solar power are expected to become “major alternatives,” according to the National Development and Reform Commission (NDRC). Wu Yin, a senior energy official […]

The atom may be the future — again

…Since bottoming out at just over $7 a pound in December, 2001, uranium has redeemed itself and them by rocketing skyward, recently hitting $37.50 on the spot market. The rise has been fuelled by a variety of developments, including a growing interest in atomic power in electricity-starved China and India, both of which are planning […]

Ethanol firms demanding higher prices

Exports an option to cover high costs BANGKOK – Local ethanol producers have called on the Energy Ministry to force oil companies to raise the prices they pay, threatening to export all of their output if they can’t secure fair prices locally. An industry source said that if the oil companies continued buying ethanol, the […]

Natural gas prices could triple after EU accession

Romania agreed during EU negotiations to increase the price of natural gas from internal production to 270 dollars per 1,000 cubic meters, compared with the present price of 115 dollars. “We must do something to protect customers who will not be able afford these prices,” said Achim Saul, the deputy general manager of the Romanian […]

‘Bug juice’ could be key in cutting energy dependency

SAN FRANCISCO (AP) Thanks to biotechnology breakthroughs, supporters of alternative energy sources say that after decades of unfulfilled promise and billions in government corn subsidies, energy companies may be able to produce ethanol easily and inexpensively. “The process is like making grain alcohol, or brewing beer, but on a much bigger scale,” said Nathanael Greene, […]

New Peak Oil Date from Deffeyes

In the January 2004 Current Events on this web site, I predicted that world oil production would peak on Thanksgiving Day, November 24, 2005. In hindsight, that prediction was in error by three weeks. An update using the 2005 data shows that we passed the peak on December 16, 2005. “A decent respect to the […]

Oil addiction: Obsessed with black gold

We just can’t help ourselves. When it comes to cars, we’re suckers for gas-guzzling hunks of steel. New Zealanders love cars; the gruntier, the better. Like it or not, we are addicted to oil. New Zealand’s lust for black gold is insatiable, outstripping economic growth. And like junkies who can’t kick a drug habit, it’s […]

Oil spike lubricates Japan’s economy

The conventional wisdom is that spikes in crude-oil prices play havoc with heavily resource-poor Japan, which is the world’s third-largest oil guzzler after the United States and China and imports almost all its oil. To be sure, high oil prices remain a potential scourge for the Japanese economy just as they are for other oil-consuming […]

Namibia: Pushing for Alternative Power Sources

Amid a looming energy crunch in Southern Africa, the Namibian government is pulling out all the stops to promote the use of renewable energies like wind and solar power. Namibia is dependant on South Africa for about half of its average daily power consumption of 200 megawatts (MW). South Africa’s power utility Eskom announced in […]

Putin backs electricity reform

Vladimir Putin, Russia’s president, on Friday supported the liberalisation of the electricity sector and told his government to create appropriate conditions for attracting foreign and Russian capital into the power generation sector. His statement follows acall from Anatoly Chubais, the head of Russia’s electricity monopoly, to allow the transfer of power generation into private hands […]

BBC World Service puts Indian energy in spotlight

Mark Gregory, travels the length and breadth of India investigating the country’s energy issues. His reports, ranging from power cuts to power theft, will feature in World Business Report daily at 16.30 GMT between Saturday 11 February and Saturday 18 February. It is part of the BBC World Service – Fuelling the Future mini-season which […]

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