Physicists Predict Stock Market Crashes

On Monday, October 19, 1987 physorg

Alternative energy gathers steam

President Bush said in his recent State of the Union address that he wants the government to speed up its research into alternative energy sources. Apparently he means it, as this week he has traveled to three states to promote his ideas. The president can bring immense attention to this task of energy transformation that […]

What lies beneath: getting to all that oil and gas

Already, our dependence on imported oil to meet our requirements has exceeded 75 per cent and our expenditure on imported crude oil in 2004-05 was Rs 1,17,000 crore ($26 billion). The import bill for the current year is likely to be higher. Notwithstanding the projected increase in domestic crude production from the existing level of […]

D.O.E Assessment of China’s Energy Requirements

The Department of Energy, in consultation with the Department of Defense and the Department of Homeland Security, has published a report entitled “National Security Review of International Energy Requirements” (.pdf), focusing on China’s energy growth and the implications of such growth on the interests of the US. China’s energy requirements are growing at a rate […]

CGES: OPEC Capacity to Rise 1 Million b/d This Year

Members of the Organization of Petroleum Exporting Countries expect to increase their total production capacity by more than 1 million b/d in 2006 through new discoveries and increases in existing fields. The Centre for Global Energy Studies (CGES), London, recently outlined OPEC capacity additions expected this year by country in its Global Oil Report.Oil & […]

Iranian Advisor: We’ll Strike Dimona in Response to U.S. Attack

If the United States launches an attack on Iran, the Islamic republic will retaliate with a military strike on Israel’s main nuclear facility. Dr. Abasi, an advisor to Iran’s Revolutionary Guard, said Tehran would respond to an American attack with strikes on the Dimona nuclear reactor and other strategic Israeli sites such as the port […]

New Energy Pact to Boost Supply in SADC

Southern African countries have taken a decisive step to avert a looming energy shortfall by signing a revised agreement that brings in new players and takes into account present realities in the sector. ..The landmark agreement puts in motion a joint effort by electricity utilities and their governments to combine resources in the supply of […]

FACTBOX-Critical Saudi Energy Facilities

Suicide bombers tried to attack Saudi Arabia’s huge Abqaiq oil facility, the world’s biggest oil processing plant, on Friday. Here are some key facts about the kingdom’s oil producing facilities including fields, refineries, pipelines and export terminals that are potential targets, says Washington-based Center for Strategic and International Studies (CSIS):Alert Net

LNG import to ease energy shortage

The nation’s first liquefied natural gas (LNG) import project will kick off under trial operation in two months, when a large LNG shipment is set to arrive in Shenzhen from Australia. Operation of the project at Guangdong Dapeng LNG Terminal is expected to help alleviate the pressure of energy short supply in Guangdong, where over […]

U.K. energy firms ‘losing out’ despite soaring bills

Despite a spate of recent announcements by energy firms that bills are set to rise, a new report has suggested that suppliers are still not passing on the full cost of wholesale prices to consumers. According to business research firm Datamonitor, the recent 22 per cent bill hike announced by British Gas, along with recent […]

US Companies Explore Wall St. for Oil Reserves

Big U.S. oil and gas companies added more oil reserves in 2005 by using their checkbooks instead of their drill bits, and paid top dollar for the privilege, analysts said on Friday. So far, it appears the major companies that replaced more than 100 percent of their production last year did so by buying fields […]

China’s Guangdong province plans to build strategic oil reserve

South China’s Guangdong province plans to build its own strategic oil reserves following severe oil shortages last year, a local government official said. The Guangdong government intends to build a 10-mln-cubic-meter crude oil reserve, said an official with the Guangdong National Development and Reform Commission, who declined to give his name.Forbes

Oil Rises on Concern Attacks May Further Cut Nigeria Production

Crude oil rose after rebels who knocked out a fifth of Nigeria’s oil production threatened further attacks against Africa’s largest producer. The Movement for the Emancipation of the Niger Delta, or MEND, will resume its offensive “without further warning,” Jomo Gbomo, a spokesman for the group, said today. MEND aims to shut 30 percent of […]

Oil Jumps After Attempted Attack on Saudi Processing Plant

Crude oil jumped after Saudi Arabian forces repelled a suicide attack on the Abqaiq processing center, which handles about 7 percent of world supply. At least two bombs exploded after shooting began outside the complex when guards stopped two cars at the gates, Interior Ministry spokesman Mansour al-Turki said in Riyadh. The occupants were killed […]

Beyond Peak Announces Peak Oil Scenario Competition

Napa Valley, California (PRWEB) February 25, 2006 Some Peak Oil observers predict returning to the semi-rural days of the early 1900s. Other suggest we could return to pre-industrial and even early-agricultural days. Still others suggest a return to Paleolithic times, where necessary skills include making your own obsidian knives and starting fires with a flintstone. […]

Experts debate fall in oil production

WALNUT CREEK, CA – After a century of rapid, petroleum-fueled growth of industry and motor vehicle travel, the world drinks from an oil cup that will soon be half-empty. Some say it already it is. That was the message delivered Wednesday night to an audience of 60 people gathered in a church nestled in a […]

Is the lowly switchgrass the answer to our energy woes?

As a source for restoring America’s energy independence, the lowly switchgrass plant President Bush is touting sounds almost too good to be true. It thrives in marginal soils and doesn’t require much care or watering and little fertilizer. It is disease and insect resistant and using more of it promises to reduce budget-busting agriculture subsidies, […]

WICKS SEES THE WORK OF SCOTLAND’S WAVE ENERGY PIONEERS

“The UK marine energy industry is a world leader and Ocean Power Delivery in Scotland is at the forefront.” Energy Minister Malcolm Wicks said today as he was given a tour of OPD’s site in Methil, Fife. The Minister saw production of the ‘Pelamis’ wave energy converters before travelling on to Edinburgh to meet businesses, […]

Shell told to pay Niger Delta’s Ijaw people $1.5B in compensation

LONDON (MarketWatch) — A Nigerian court has ordered oil multinational Royal Dutch Shell PLC (RDSB.LN) to pay $1.5 billion to the Ijaw people of the Niger Delta region, the BBC reports on its Web site Friday. The Ijaw have been fighting since 2000 for compensation for environmental degradation in the oil-rich region. They took the […]

Microorganisms key to ethanol production

WASHINGTON, Feb. 23 (UPI) — The secret to making ethanol production viable is invisible. Microorganisms such as yeasts and bacteria are being perfected as a way to ferment cellulosic material, like corn stalks or sawdust, into transportation-grade ethanol. The future, say scientists, is already here. “There are no technical barriers to making ethanol from woody […]

Air NZ to cut jobs as fuel prices bite

Air New Zealand is cutting deeper into its work force to stay ahead in a “brutal” aviation industry facing sustained high fuel prices. The airline has reported a 55 per cent fall in first-half net profit to $NZ46 million ($A41.26 million) and announced another 470 jobs would go, this time at its corporate head office. […]

The Earth’s Half Empty Oil Tank

The Deffeyes article on Peak Oil saying we had crossed the peak on December 16, 2005 set off a train of ideas which I thought deserved a blog. Deffeyes quotes a little over 2 trillion barrels as the total amount of oil available to mankind, and said we had consumed just a little over one […]

Offshore Drilling Backers Smell Victory

For decades, drilling for oil and natural gas off of much of the U.S. coastline has been off limits. But this year, with Congress facing high energy prices and a fresh lobbying push from oil companies and their supporters, even drilling opponents acknowledge that they may lose their fight to keep bans in place. A […]

Midwest’s windmills generate buzz

MASON CITY, Iowa City planner Tricia Sandahl says the council initially considered permitting windmills only in industrial areas. “Then we decided, let’s just take a bolder step,” she says. “We wanted to encourage small wind systems in residential areas. With electric prices going up, it just makes sense.” A few generations ago, almost every farm […]

Zimbabwe: Power Tariffs to Shoot Up 200%

Electricity tariffs will shoot up by over 200 percent early next month in a development that might stoke the inflation flames. ZESA executive chairman Sydney Gata said the tariff review — the second in two months — had been approved by the government.. He said: “We are going to announce a tariff next week. Our […]

Second set of considerations about the state of the world’s energy supply

..So, the question is, how are we going to constrain things and turn them around? And, how are we going to get through these 50 years? As they say, energy is not a subject that’s on the radar screen. There’s no concern. There’s no public concern about this issue. It’s a very complicated, critical issue. […]

Why Russia must be strong

Russia’s new assertiveness in the Central Asian geopolitical theater has been frequently noticed and analyzed in the past few years. Moscow’s national-security strategy, summed up by Defense Minister Sergei Ivanov in an article in the Wall Street Journal in January (“Russia must be strong”), can be directly correlated with Russian strategic and economic interests in […]

Scientists “miscalculating untapped oil reserves”

Large quantities of untapped oil reserves remain around the world because scientists have miscalculated, the chief executive of the prestigious British Royal Society of Chemistry claimed in a statement here Thursday. Dr Pike, who spent 35 years in senior oil company management and petrochemicals consultancy, said “There is a significant underestimate by investment analysts of […]

British Nuclear Scientists Say Waste not a Problem

Nuclear waste, the spectre haunting the industry, will not pose a problem if Britain decides later this year to build a new generation of nuclear power plants, scientists said on Thursday. With a lethal life measured in thousands of years, waste from nuclear power stations has a powerful grip on public imagination who fear theft […]

JUST scientist invents new energy saving technique

A new technique developed by Dr Hussein Zoubi from the Jordan University of Science and Technology (JUST) promises to increase the efficiency of using solar energy by 35-40 per cent. The new invention, presented to University of Michigan by Zoubi, works to decrease electric consumption in addition to utilising solar energy. By placing sensors in […]

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