Refuge vote threatens Florida

FLORIDA – Sen. Mel Martinez, R-Fl., is putting up a commendable fight to protect Florida’s beaches from offshore drilling. Nonetheless, he’s being outgunned by Sen. Pete Domenici, R-N.M., the powerful chairman of the Senate Energy Committee. Despite strong objections from Martinez and Sen. Bill Nelson, D-Fl., Domenici succeeded recently in pushing a bill through his […]

Agribusiness: Fertigation, chemigation combat soaring ag fuel costs

With the price of fuel recently approaching $3 per gallon in the US, farmers have found their livelihoods threatened by rising input costs cutting into already razor thin profit margins. In October 2005, farmers suffered the highest real fuel prices on record, according to U.S. Energy Information Administration data. With the EIA projecting an average […]

Olmert sees deal with Russia to supply gas to Israel

JERUSALEM – Interim Prime Minister Ehud Olmert said on Sunday he expects Israel to sign a deal to receive gas supplies from Russia in about a year. Olmert told a Moscow radio station after a meeting with top officials from Russian giant Gazprom that a decision was made to reach a final agreement quickly for […]

Heating oil 2% soybean

BRIDGETON, NJ — It smells like french fries and can power a tractor. Now, it can heat your home. In 2004, Woodruff Energy became the first company in New Jersey to offer Biodiesel, a soybean-based fuel for machines that run on diesel engines. Now the Bridgeton-based company is offering a similar veggie-based fuel for home […]

Major US airlines raise fares on most domestic routes by $5 each way

Delta Air Lines has hiked its one-way fares by $5 for US travel, prompting rivals to match the higher prices. It was the second increase in as many weeks, as per the information available. American Airlines, Continental Airlines and Northwest Airlines shared that they matched Delta According to Bloomberg News,

Fuel prices adding up for area businesses

Companies forced to factor in surge in energy costs WISCONSIN – As quickly as the flip of a light switch, the price business became more costly in 2005. Spiking electric, natural gas and fuel costs all battered Fox Valley companies. Rising costs especially hit the energy-dependent paper industry, the foundation of region’s industry and economy. […]

Why oil prices will keep rising

There are plenty of short-term factors affecting the oil price: tensions over Iran’s nuclear ambitions; rising militant activity in Nigeria; and worries over suicide bomb attacks in Saudi Arabia. Some analysts argue that if it wasn’t for these factors, oil prices would slip back towards the $40 a barrel mark. But geopolitical tension has always […]

American Theocracy: The Peril and Politics of Radical Religion, Oil, and..

Kevin Phillips, a former Republican strategist who helped design that party’s Southern strategy, made his name with his 1969 book, “The Emerging Republican Majority,” which predicted the coming ascendancy of the GOP. In the decades since, Phillips has become a populist social critic, and his last two major books – “Wealth and Democracy” (2002) and […]

Oil shale development: Big costs for a small return

More than half the world’s oil shale is found in Utah and Colorado and, for a century, men have tried to unlock this energy source. The rocks have proved stubborn, promising much, delivering little. “I find it disturbing that we import oil from Canadian tar sands, even though our oil shale resource remains undeveloped,” complains […]

Vehicles biggest consumers of energy

Driving around consumes the most energy in most Malaysian urban households, more than the combined amount for other needs such as lighting, cooking and cooling. According to the 2004/2005 “Malaysian Urban Household Energy Consumption Patterns” study by the Centre for Environment, Technology and Development Malaysia (Cetdem), petrol for vehicles constitutes 68% of total energy consumption. […]

Business NZ Warns Of Energy Costs

New Zealand’s leading business group says companies face major challenges from high electricity prices. Two companies, Comalco and Winstone Pulp, have so far confirmed that high power costs have forced cuts in production.Newswire

Chilling proof that glacier meltdown is getting faster

Many of the world’s mountain glaciers are melting at a faster rate than at any time in the past 150 years, according to the latest assessment by glaciologists. Scientists believe that the Alps, in particular, are experiencing a rapid disappearance of glaciers formed during the last ice age more than 10,000 years ago.The scale of […]

Can peak oil make you rich? Does it matter?

No doubt a few market participants will make great fortunes in the ongoing energy bull market. That this particular bull market may or may not be the result of an imminent peak in world oil production doesn’t really matter to an investor. Other factors may be sufficient to spawn new speculative fortunes in energy including […]

Just what are the true levels of oil reserves?

In a growing debate over data transparency some increasingly searching questions are being asked by energy industry analysts about the true level of world oil reserves and whether official and company statistics really stack up. Recent claims suggest Kuwait’s oil reserves are far below the amount given with proven and non-proven crude reserves totalling more […]

Bedroom-Community Lifestyle Has No Future

Last week, The Augusta Free Press discussed how the Greater Augusta area was becoming a bedroom community for our biggest urban neighbors. Especially from pricey Charlottesville, commuters seem attracted to our lower housing prices and high quality of life. As a relative newcomer myself, I can’t argue with that. This is beautiful and charming area, […]

First Oil Stock Data System To Be Set Up

China National Petroleum Corp’s (CNPC) Web site said Friday that China, the world’s No.2 oil consumer, is setting up its first official oil data tracking and release system to add transparency to the huge but often opaque market. The Ministry of Commerce is working to establish a facility similar to that of the U.S. Department […]

State-U.S. Revenue Sharing at Core of Offshore Plans

Oil companies and U.S. industries have been aching for years to get at the billions of barrels of oil and trillions of cubic feet of natural gas sitting off the shores of the USA. There have always been reasons to look the other way: cheaper energy overseas; governors demanding royalty payments, beachgoers opposed to the […]

Putin Asks Japan to Invest on Siberian Oil Field Development

Russia reiterated Thursday that it will build a pipeline carrying oil from eastern Siberian fields to its Pacific coast for export to Japan and other countries, and it asked Japan to invest in developing the oil fields, Japanese officials said. Russian President Vladimir Putin made the request to Akira Nishino, senior vice minister of economy, […]

Scientists divided on why Arctic ice is failing to grow again

For the second year in a row, the cloak of sea ice on the Arctic Ocean failed to grow to its normal winter expanse, scientists said. The finding led some climate experts to predict a record expansion of open water this coming summer. “We keep looking for the ice to recover, but it isn’t,” said […]

Beijing makes US offer on energy

China has said it is willing to work with the US on future oil, gas and renewable energy projects, as well as on global energy security. “In the field of energy, China and the US are not competitors,” Qin Gang, foreign ministry spokesman, said during a press briefing yesterday. “China stands ready to co-operate with […]

Pipeline blast hits oil supplies in Nigeria

PORT HARCOURT, Nigeria, March 18 (Reuters) – Unidentified attackers blew up an oil pipeline in Nigeria’s southern delta, further hitting oil supplies from the leading OPEC nation, authorities said on Saturday. The blast on the Tebidaba-Brass pipeline near Brass Terminal, both operated by Italian oil company Agip, was the latest in a series of attacks […]

Crude prices ‘will not harm economy’

Saudi Oil Minister Ali Al Nuaimi said yesterday he was not concerned about a build up in US crude stocks and that current oil price levels were not harming world economic growth. “In normal situations very high stocks would have a depressing effect on prices, but these are not normal times.” gulf-daily-news

Saudi, Japanese companies launch large joint oil project

Saudi state-run Aramco Company and Japan’s Sumitomo Chemical Industries signed on Sunday an agreement to invest in a large oil project in Saudi Arabia, according to reports reaching here. Saudi Minister of Oil and Mineral Resources Ali bin Ibrahim al- Nuaimi launched the joint Saudi-Japanese petroleum project, named “Petrorabigh”, in the western Saudi costal city […]

Petrel to reinvest in Iraq exploration

PETREL RESOURCES, the Irish-owned exploration company, has said that the irishexaminer

Energy goals ”will help cut global warming”

The country’s commitment to reduce energy consumption and pollutant emissions was lauded yesterday by world-renowned economists and leading business executives, who said it would be a positive contribution to cut down global warming. They also called for China’s global leadership in tackling climate change and other environmental woes as the country pursues sustainable development in […]

IPHE Hydrogen Stakeholder Briefing

Capping the National Hydrogen Associationgreencarcongress

Putin Talks Energy With EU’s Barroso

President Vladimir Putin met with European Commission President Jose Manuel Barroso on Friday to discuss a new energy partnership amid European calls to diversify away from Russian supplies. Putin warmly greeted Barroso at the start of a 3 1/2-hour meeting in the suburban residence where the president usually holds informal talks. “This evening, we will […]

Servers’ energy efficiency becoming issue

The energy efficiency of datacentres is becoming a big worry for some New Zealand companies, says the head of IBM’s server business in Australasia, as they find they can’t get enough power into their buildings to run and cool all the servers they need. Traditionally companies have chosen servers that give the most bang for […]

Mexico’s Lopez, Fox Clash on Energy Policy Ahead of Elections

Andres Lopez Obrador, Mexico’s leading presidential candidate, said he plans to build refineries and petrochemical plants to eliminate imports and reduce energy prices for consumers. ..Lopez Obrador plans to forgo drilling for oil in deep waters and maintain current levels of crude production from land and shallow-water reserves, his economic adviser said on March 9. […]

We Were Warned – The Spelling of the Word Has an Extra ‘u’ That Many People Forg

…and that word is pabThe Oil Drum

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