The Increasing Importance of African Oil

Africa is becoming an increasingly important factor in global energy markets. By the end of the decade, the continent’s significance will rise dramatically. Africa currently contributes 12 percent of the world’s liquid hydrocarbon production, and one in four barrels of oil discovered outside of the U.S. and Canada between 2000 and 2004 came from Africa. […]

Cautious optimism in oil exploration

While the world is exhausting known oil reserves a great deal faster than new reserves are coming on-stream, the oil and gas industry has started exploring reservoirs in much deeper water, a much more complex geological environment. This is good news for Malta as it laments its bad luck over 13 dry wells drilled so […]

Call to protect energy supplies

Radical steps to protect the nation’s energy supplies have been called for in a submission on the next National Development Plan 2007-2013. On-shore oil reserves should be boosted from a 45-day supply to a 90-day one in line with international practice, Engineers Ireland said in a submission to the Department of Finance. It also calls […]

Cepu oil block operation attracts more protests

Protests over the Cepu oil block continued in Central Java on Monday, with 250 residents demanding to be involved in the project while other protesters rejected ExxonMobil Corp.’s involvement in the oil block’s operation. .. “Our reason for protesting is that ExxonMobil is a U.S. colonialist. We’ve been ruled by the Dutch. Freeport and Newmont […]

Iran denies reports it will open euro oil exchange

Iran denied Monday media reports that it was to open a euro-based oil exchange. “We have no information on opening an oil exchange in the free economic zone on Kish Island [southern Iran],” a spokesman for the Iranian Oil Ministry told RIA Novosti. He said the ministry would have had been informed if the exchange […]

Bush Didn’t Bungle Iraq, You Fools!

Get off it. All the carping, belly-aching and complaining about George Bush’s incompetence in Iraq, from both the Left and now the Right, is just dead wrong.On the third anniversary of the tanks rolling over Iraq’s border, most of the 59 million Homer Simpsons who voted for Bush are beginning to doubt if his mission […]

The Neo-Cons, Not Carter, Killed Nuclear Energy

The conventional wisdom in the nuclear community and in general is that President Jimmy Carter drove the nail in the civilian nuclear coffin when he stopped the reprocessing of nuclear fuel in 1976. But this is wrong. The dishonor does not belong to Carter. The policy that ended nuclear reprocessing was first promoted under the […]

Behind the Scenes: Powering the planet

My time travel revolved around a series of events we set in 2009 — a hurricane followed by a terrorist attack that disrupts the flow of millions of barrels of oil, plunging the world into chaos. We devised the scenario after talking with experts who have gamed out this type of thing. As a journalistic […]

Oil giant soars

PetroChina, the mainland’s largest oil producer, said its net profit surged 28.4 percent to a record 133.36 billion yuan (HK$128.85 billion) last year, buoyed by high oil prices and hungry demand in the world’s fastest-growing economy. Analysts warned, though, that a repeat of last year’s growth rate would be difficult to achieve this year because […]

Diesel rationing sparks panic in China

TWO of Chinatimesonline

The best and brightest hope

Last week the U.S. Army Corps of Engineers released a study concluding that global oil production may peak and begin a rapid decline mndaily

Oil cushion has vanished

How vulnerable is the Saudi oil industry to kamikazes bent on sacrificing their lives for the sake of disrupting the world economy? Despite Saudi assurances that their facilities have the best protection in the world, the terrorists were still able to penetrate the outer perimeter of Abqaiq before they were killed. Reducing petroleum consumption, especially […]

Proposed Mackenzie Valley pipeline spurs Arctic coal gasification mega-plan

A proposed Mackenzie Valley natural gas pipeline is still before the regulators and it’s already creating massive new plans for industrial development in the Arctic. Vancouver-based West Hawk Development (TSXV:WHD) has unveiled plans to strip-mine extensive coal reserves along the Mackenzie River and begin building $2 billion worth of coal gasification plants to tie into […]

Humans Fuel Worst Extinction Since End of Dinosaurs

Changes to Earth’s biodiversity have occurred more rapidly in the past 50 years than at any time in human history, creating a species loss greater than anything since a major asteroid impact wiped out the dinosaurs. That’s the conclusion of Global Biodiversity Outlook 2, a report released today by the United Nation’s Convention on Biological […]

Grow Your Own Oil, U.S.

Researchers hoping to ease America’s oil addiction are turning sawdust and wood chips into bio-oil, a thick black liquid that could become a green substitute for many petroleum products. The United States can grow enough fresh biomass — more than a billion tons each year — to supplant at least a third of its annual […]

Toyota, GM Ready for Development Race

Toyota Motor Corp. and General Motors Corp. (GM) have agreed to discontinue their “joint research on fuel-cell electric vehicles” as of the end of March 2006. The development of fuel-cell cars has passed beyond the initial stage of anticipation and entered into a phase of a realistic efficiency race, and the automaker’s future course has […]

Schlumberger CEO Energy Prices to Stay High on Demand

Citing the political weakness of energy conservation efforts, the chief executive officer of Schlumberger Ltd. (SLB) said Monday he saw little in the offing to quell the bullish energy market. Despite high energy prices, world oil demand rose by 1.3% in 2005, a level made possible by the relatively ineffectual push for energy conservation by […]

Running Out of Gas and Time (New Zealand)

In the hunt to find more natural gas, time is running out. It’s running out not only for the exploration companies hoping to find another Maui-sized field but also for the main electricity generators faced with a decision about whether to import liquefied natural gas. And it may also be running out for leading electricity […]

Shipments Begin for Commercial-scale Wave Energy Project

A large transport ship arrived in the Western Isles to load up and transport the first of three Pelamis Wave Energy Converters destined for Portugal. Last year Ocean Power Delivery (OPD) announced the signing of an order with a Portuguese consortium, led by Enersis, to build the initial phase of the world’s first commercial wave-farm […]

Middle East’s first energy trading platform: International Mercantile Exchange

In a historic move, Gulf Energy today announced that it has signed Memorandums of Understanding (MoU) with the Qatar Financial Centre Authority (QFCA) and the Qatar Financial Centre Regulatory Authority (QFCRA), to establish the Middle East’s first dedicated energy trading platform – the International Mercantile Exchange (IMEX). .. Elaborating on the vision for IMEX, Mr. […]

It’s Peak Gas We Need to Worry About, Not Peak Oil…

It seems despite all the talk of peak oil, that the UKTransition Culture

Ethanol Industry Braces for Growing Pains

After a spurt of good fortune, the fledgling U.S. ethanol industry is anticipating some growing pains that could bring it unwanted attention this summer. Ethanol’s public profile rose significantly for the better last July when Congress passed an energy bill that mandates the doubling of biofuels output by 2012. In January, President Bush gave the […]

Envoy: U.S. Can Survive Without Venezuela’s Oil

The United States could survive without Venezuelan oil supplies, but Washington has no intention of damaging commercial ties even as diplomatic relations sour, the U.S. ambassador to Caracas said in an interview published Monday. Venezuela, the world’s No. 5 oil exporter, supplies around 15 percent of U.S. energy imports, but Washington and President Hugo Chavez […]

Brooks once a center of wind power industry

BROOKS, MAINE – The proposed wind farm in Freedom is just the latest expression of Waldo CountyThe county

Location for first cellulose plant sought

WASHINGTON, March 20 (UPI) — After months of researching the feasibility of the first full-scale commercial cellulosic ethanol plant, Duane Grant, a farmer from Idaho, is in Canada trying to sell his state to Iogen Corp. in Ottawa, the world leader in cellulosic ethanol production. “There will only be one first plant,” Grant said. “And […]

The Oil Drum: Living Large in Exurbia

Love him or hate him, I doubt many Peak Oil adherents think that Jim Kunstler is wrong about the unsustainability and gloomy future of America’s sprawl culture. It started for me this week when National Public Radio did a series of stories about Phoenix Grows and Grows (audio) which according to the latest US Census […]

Peak Water? Water crisis looms in India as drilling depletes resources

… With 20 percent of the world’s population, India must meet its water needs with just five percent of the globe’s available supply that is dwindling each year, says Maggie Black, a British water expert and co-author of “Water, a Matter of Life and Health”. Now some 70 percent of India’s irrigation water and 80 […]

Transport costs will flatten farmers

AUSTRALIA – Sometime this morning, shortly after Transport Minister Peter Batchelor sits down at his desk, he will have to decide whether the Bracks Government will be supporting the National Transport Commission’s recommendations to increase the cost of road transport in Victoria. To many industry observers, the right choice is obvious. Reject the recommendations, instruct […]

Venezuela plays nuclear chess

CARACAS – A speculative wave points to an Iranian-Venezuelan connection aimed at extracting uranium just when Iran is being called before the UN Security Council. What truth is there in this? The most extreme speculative opinions assure that beneath the fa What logic is there in this rumor? Cases of alarm and lucubration began their […]

Sugar, Not Oil or Stocks, May Be Best Investment

Sugar, the best-performing commodity the past 12 months, may beat bonds, stocks and oil for a second straight year. “Sugar could quadruple from here and it would still be below its all-time high,” said former George Soros partner James Rogers, 63, who founded Lausanne, Switzerland-based Diapason Commodities Management SA, which oversees $3.5 billion. “The rally […]

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