Yamani Sees ‘The end of the oil era’

Sheikh Ahmad Zaki Yamani, the former Saudi oil minister, said the main source of energy in the future will be hydrogen, causing ‘‘the end of the oil era.’’ The high price of oil is causing consuming nations to more rapidly develop alternative energy sources, Yamani said today in London, where he is chairing a conference […]

Peak Oil and NZ

The purpose of New Zealand Late last year the MED published an Oil Pricing Assumptions and Scenarios paper and it re-iterated these assumptions in a workshop presentation on 21 March 2006. PowerLess NZ wishes to raise serious concerns about the MED

The Peril and Politics of Radical Religion, Oil, and Borrowed Money in the 21st

Interview – Former GOP Strategist Kevin Phillips on American Theocracy Kevin Phillips, longtime Republican strategist and author of several books. His newest work, “American Theocracy,” comes out today. A review in Sunday KEVIN PHILLIPS: The peak oil idea is that just as the United States oil production peaked in 1971, that we have a limited […]

Russia-Saudi Relations are a Piece of Cake

Moscow and Riyadh Have Reasons for Cooperation In a December 2004 column, New York Times columnist Thomas Friedman, who has made exposing the United States

US Asks Japan to Stop Iran Oil Development

The United States has informally asked Japan to suspend its plans to develop an Iranian oil field as part of world efforts to prevent Iran from obtaining nuclear weapons, a Japanese newspaper said on Thursday. Resource-poor Japan has been planning to develop Iran’s Azadegan oil field, estimated to hold the world’s second-biggest single oil reserve, […]

The Oil Drum: More on Military Consumption

The supply of fuel is critical to effective operations of any military unit. This has been true both for combat situations and for the effective use of the military bases that most countries operate. It is a topic that Yankee has previously covered, but that, in light of a couple of recent articles, is worth […]

Demand Concerns Hamper Oil Investments

The International Energy Agency’s Oil Market Report last week cut its estimate of world oil demand for 2006 by almost 300,000 barrels per day. The announcement reinforces growing concerns within OPEC over demand security. Ever since the oil price began its inexorable rise from $26.36 per barrel in September 2003, markets have been speculating on […]

Canada to Sell Russian Natural Gas to U.S.

Canada is planning to capitalize on shortages of natural gas, exacerbated by last year’s hurricanes, by importing vast quantities of liquefied natural gas (LNG) from Russia to be exported to the United States. The Canadian government recently approved a $1.5 billion joint venture of Petro-Canada and Russian giant Gazprom to build a plant near St. […]

Nigeria oil output to ‘hang in balance’ – US intel

Nigeria is no longer able to ensure security in the delta region where it pumps most of its crude, and oil production from the African country will “hang precariously in the balance” for some time, a US.government analyst said on Wednesday. Charles Dragonette, senior global maritime analyst at the Office of Naval Intelligence, said an […]

1 in 4 homes hit by fuel poverty as prices soar

ONE in four homes in Scotland will be plunged into fuel poverty by rising energy costs, a watchdog has warned. The claim has come from energywatch Scotland as it urged Chancellor Gordon Brown to ensure the poor and elderly are protected against the escalating prices when he reveals his Budget tomorrow. Recent rises by the […]

Author envisions world oil shortage

Kenneth Deffeyes believes the world passed a very important landmark, with very little notice, on Dec. 16, 2005. On that day, he said, the world’s residents finished off the first half of the world’s oil and started in on the second. Price volatility will be the norm, and if some big changes aren’t made, famine, […]

New times need new ideas

AUSTRALIA – All but the wilfully ignorant now know that civilisation faces a challenge of unique proportions. The profligate consumption of fossil fuels over the last century has polluted the atmosphere to the point where it is changing the very climate, while that consumption has used up most of the easily available oil. As realisation […]

Qatar to establish Middle East’s first international energy bourse

Qatar will establish an international energy bourse, first of its kind in the Middle East region, the Qatar News Agency reported Tuesday. Gulf Energy, a global consortium of energy consultants and investors, signed Tuesday with the Qatar Financial Center Regulatory Authority (QFCRA) a memorandum of understanding on the establishment of the bourse, said the report. […]

End of Civilization. Part II

We humans like to think of ourselves as so much more sophisticated than In leaner times, like those we

Iraq’s Oil and the Saudi Welfare State

Investigative journalist, Greg Palast has a theory purportedly supported by a secret, 323-page U.S. State Department plan for Iraq’s oil. Palast first came to my attention when he uncovered efforts in Florida to illegally disenfranchise black voters in advance of the 2000 election. He has continued to be a journalistic gadfly whose reports appear in […]

Biofuel Indus Boosts Palm Oil Equipment Sales

Growing interest in biodiesel is proving to be a boon not only for the palm oil industry, but also for companies providing support services, such as equipment makers. Oiltek Sdn Bhd, a Malaysian supplier of palm oil refining machinery and equipment, said the rapid expansion of the biodiesel sector currently taking hold all over the […]

Global warming may cause rise in malaria

A new study by University of Michigan suggests that global warming cannot be ruled out as a contributor to the rise in malaria as mosquitoes thrive in warm conditions. Other factors such as drug and pesticide resistance, changing land and human migration may also play roles, but climate change cannot be disregarded, says theoretical ecologist […]

Global Warming Will Make Water Crisis Intolerable

An international meeting on the future of the world’s fresh water resources is marking World Water Day today with a renewed effort to ensure that more clean drinking water reaches the 1.1 billion people who do not have access to safe water, but the crisis is complicated by the impacts of a warming climate, an […]

Nigeria: Total Blackout Imminent

Nigeria faces an imminent blackout, Managing Director, Power Holding Company of Nigeria (PHCN), Mr. Joseph Makoju, warned on Monday. Makoju hinges his grim prediction on the persistent attacks on pipelines supplying gas to the thermal power stations. The situation is further worsened, he said, by the drop in water levels in the hydro power stations […]

Power debate asks is small beautiful?

Britain is at a crossroads as it decides how to supply its future electricity needs — upgrade the ageing “big power” National Grid or scrap it in favour of decentralised systems such as combined heat and power (CHP). Both involve heavy costs — replacing ageing nuclear and coal power plants is expected to cost at […]

Oilpatch wondering how Royal Dutch Shell will realize potential of new lands

It’s the $465-million question: What energy potential does Royal Dutch Shell (NYSE:RDS.A) see in a remote chunk of Northern Alberta’s wilderness that no one else does? One day after the European-based oil and gas giant revealed that it had spent close to half a billion dollars for nearly 900 square kilometres in the middle of […]

Solar energy comes with a price

Solar energy, whether in the form of light or heat, may be free but getting electricity out of it will come at a price. In several remote parts of the world where infrastructure is scarce, including villages in the country, electricity is obtained from solar energy, which has long been promoted as a clean, efficient […]

Post-Peak – The Change Starts with Us

The average American consumes six times the energy of the average person in the rest of the world.1 Yet we don’t seem to realize the cost of our massive energy consumption on the poorer people of the world, on our own health, and the health of the environment. Although interest in Peak Oil is growing, […]

China’s competitiveness ‘on the decline’

The competitiveness of China’s manufacturing industries has suffered serious erosion over the past year, according to one of the world’s largest trade sourcing companies… William Fung, Li & Fung managing director, reported an average 2-3 per cent increase in the once unbeatable China price its US and European clients were willing to pay. He pointed […]

Oil shale in US West again beckons energy companies

Big Oil could soon begin trying to melt petroleum on U.S. lands from oil shale, a resource the government says has huge potential but was so pricey to produce in the 1980s that companies walked away from it. Royal Dutch Shell (RDSa.L: Quote, Profile, Research), Exxon Mobil Corp. (XOM.N: Quote, Profile, Research), Chevron Corp. (CVX.N: […]

Renewable energy a job generator in Germany

Berlin expects employment figures in Germany’s renewable energy sector to nearly double by 2020, banking on the country’s technology edge and a large pool of qualified personnel. “The renewable energy market is a German success story,” Sigmar Gabriel, the country’s environment minister, said Wednesday in Berlin. “We expect up to 300,000 people working in this […]

Firm reveals plans for 83 costal turbines

UP to 83 wind turbines could be built off the south Lincolnshire coast in a project aimed at increasing renewable energy sources in the region. Centrica Energy Renewables is hoping to start work on the project in 2008 and if the plan goes ahead the site will create enough power to supply 140,000 homes every […]

Saudi launches new oil project

State oil giant Saudi Aramco announced yesterday the inauguration of a project adding 300,000 barrels of oil to the kingdom’s daily production capacity. “In addition to its maximum production capacity of 300,000 bpd of Arabian Light crude, the facility has a gas processing capacity of 140 million standard cubic feet per day of associated gas,” […]

Bush Touts Coal use for energy independence

West Virginiatheintelligencer

A jolt for hybrids

A bipartisan group of state legislators introduced a bill Wednesday to encourage the production of a “plug-in” hybrid vehicle that would be developed at Minnesota State University in Mankato and manufactured at the Ford Motor Co. plant in St. Paul. The current hybrid car is a “glorified internal-combustion engine vehicle with an electric assist,” Morris […]

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