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News from March 2006

China Pays Dearly for Kazakhstan Oil

China Pays Dearly for Kazakhstan Oil thumbnail

ALMATY, Kazakhstan Petrokazakhstan was the largest foreign purchase ever by a Chinese company, in this case a state-owned one. Chinese oil producers were already operating four smaller oil fields in Kazakhstan. “China is being increasingly dependent on Middle East oil and it wants a supply that would be blockade-proof in case of a conflict over […]


Gas-price squeeze seen pumping refiner profits

Gas-price squeeze seen pumping refiner profits thumbnail

Threat of summer supply bottlenecks sends gas prices higher With the summer driving season still months away, pump prices have already begun rising as a combination of factors threaten to squeeze supplies. And with pump prices expected to continue rising as summer approaches, drivers Pump prices continue to vary widely from one part of ht […]


Railroad official knew ethanol plant would overload tracks

Railroad official knew ethanol plant would overload tracks thumbnail

Union Pacific Railroad officials could have told ethanol plant and city officials months ago that grain trains would overload its railroad spur. Without that information, Baard Renewables continued planning to construct a facility near Sioux Gateway Airport. Earlier this week, Baard’s plans were derailed by the railroad, dropping its $140 million project in Bridgeport West […]


Military’s push to turn coal into fuel picking up speed

Military’s push to turn coal into fuel picking up speed thumbnail

DAYTON, Ohio – The Pentagon is trying to persuade investors and the energy industry to embrace an 80-year-old technology to turn coal into liquid fuel to power planes, tanks and other battlefield vehicles. Officials have been crisscrossing the country, meeting with energy companies and state government officials to sell them on the idea. At the […]


Fuel prices putting off drivers in droves

Fuel prices putting off drivers in droves thumbnail

U.K. – Drivers are deserting the roads because of rising fuel prices, according to recent research. A survey from More Than Car Insurance found that almost 12 million motorists had reduced their mileage over the last year, while a fifth said that they would seek alternative forms of transport if fuel rose to 100p a […]


Bill Richardson: A plan for American energy independence

Bill Richardson: A plan for American energy independence thumbnail

By BILL RICHARDSON Governor of New Mexico If three-dollar-a-gallon gasoline hurt our family budgets in the days after Hurricane Katrina, what will $10 a gallon do to our pocketbooks? Unfortunately, that astronomical price is not so farfetched. World economic leaders recently mapped out several scenarios that would send oil prices spiraling, including civil unrest in […]


A Doctor, an oil crisis and seven hours of ‘Prison Break’

A Doctor, an oil crisis and seven hours of ‘Prison Break’ thumbnail


Media Deception Regarding Oil Depletion

Media Deception Regarding Oil Depletion thumbnail

While the American mainstream media is content to speak of “alternative energy sources” on occasion, it fails to provide information on oil depletion or realistic methods of delaying it. Although it is clear that world oil reserves will eventually be depleted, this is rarely mentioned by the media. Most energy-related articles and news features are […]


Court Blocks EPA from Easing Pollution Rules

Court Blocks EPA from Easing Pollution Rules thumbnail

A federal appeals court blocked the Environmental Protection Agency on Friday from easing clean-air rules on aging power plants, refineries and factories, one of the regulatory changes that had been among the White House’s environmental priorities. The rules, strongly supported by industry representatives, would have allowed older plants to modernize without having to install advanced […]


Peak Oil Report Crucial, Group Says

Peak Oil Report Crucial, Group Says thumbnail

Leaders of a citizens’ group fighting Hamilton’s proposed 1,250-hectare aerotropolis industrial park are warning the city against going ahead without considering the possible impact of huge increases in the price of oil. Michael Desnoyers, chair of Hamiltonians for Progressive Development (HPD), and co-chair Jack Santa-Barbara say they worry council will budget millions for the aerotropolis […]


Sinking islanders are facing mass evacuation

Sinking islanders are facing mass evacuation thumbnail

Six athletes from Tuvalu proudly took their place at this week’s opening ceremony of the Commonwealth Games in Melbourne, but there are grave doubts that their descendants will be able to enjoy the same privilege. Tuvalu, which is made up of eight coral atolls surrounded by the Pacific Ocean, and at least two other former […]


Reality of climate change hits insurers

Reality of climate change hits insurers thumbnail

Neither Tim Wagner nor Mike Kreidler imagined how climate change would intrude into state insurance regulation. Wagner, the director of the Nebraska Department of Insurance, said the reality is literally pelting him…”People are getting the idea that there is nowhere to hide on this issue,” said Andrew Logan insurance program director for the Boston-based Ceres, […]


Senegal: Lights Out in Dakar

Senegal: Lights Out in Dakar thumbnail

Senegal residents are thinking twice before buying anything that needs to be kept cold these days, and many hesitate to leave their homes after sundown. With mass power cuts suddenly the rule rather than the exception, refrigeration, streetlights and all things electrical, are now touch and go. “With these power cuts, I’m asking myself, what […]


Coal output set to reach record high of 2.5b tons

Coal output set to reach record high of 2.5b tons thumbnail

Top energy planners are seeking, in the next five years, to raise China’s coal output to an unprecedented level and, at the same time, reduce the number of large mining disasters… To satisfy growing domestic energy demands, the country will decrease its coke exports in the coming years, the planning director said. China’s rapidly growing […]


Nanotechnology and Our Energy Challenge

Nanotechnology and Our Energy Challenge thumbnail

I’ve increasingly begun to believe that a grand challenge before us—the world and humanity—is what I call “the terawatt challenge.” I’ve been looking into the energy issue and I’ve been on a quest for terawatts, or trillions of watts of electricity. What I’m looking for is to solve what I believe is the most important […]


Sustainable Design Can Save More Than the Environment

Sustainable Design Can Save More Than the Environment thumbnail

Today just about all architects put sustainability near the top of the list of project design goals. Sustainability is on practically every conference agenda related to design, planning, construction and real estate development. But what does it mean to create sustainable architecture? Dictionaries cite the adjective “sustainable” and the noun “sustainability” only after offering several […]


Jannati: Nuclear energy symbol of Islamic sovereignty

Jannati: Nuclear energy symbol of Islamic sovereignty thumbnail

Tehran – Secretary of the Guardians Council Ayatollah Ahmad Jannati said here on Friday that regardless of what the UN Security Council would do we need to resist, since the nuclear energy is the symbol of Islamic sovereignty today. Addressing thousands of worshipers at Tehran University, the provisional Friday Prayer leader of referred to the […]


Energy security for the world, by Vladimir Putin

Energy security for the world, by Vladimir Putin thumbnail

By Vladimir Putin the beginning of 2006, Rusia assumed the G8 presidency. We understand very well that this requires serious work and implies a great deal of responsibility. It is not the organisational activities alone that lie ahead. ..The lack of stability in the hydrocarbon markets poses a real threat to global energy supply. In […]


Crude Oil Futures Decline

Crude Oil Futures Decline thumbnail

Crude oil fell after OPEC lowered its forecast for world demand amid signs that surging U.S. supplies are sufficient to make up for a possible disruption. “The fear that demand would accelerate later this year is fading,” said Michael Lynch, president of Strategic Energy & Economic Research in Winchester, Massachusetts. “There will come a point […]


Big Oil

Big Oil thumbnail

Two oil companies form the first and second largest shares in the FTSE100. BP (LSE: BP.) and Royal Dutch Shell (LSE: RDSB). Both of these offer value in the sense that they are cheaper than the market on several popular measures but let’s see if there may be any mileage in them as short-term value […]


Retired oil executive forecasts dark future

Retired oil executive forecasts dark future thumbnail

A self-described “old oil man” offered Colorado State University-Pueblo students some straight talk on the global gasoline industry Thursday night. Dick Stegemeier, 78, a retired chief executive of Unocal, said people searching today’s newspaper headlines for solutions to the world’s growing dependence on oil for gasoline – and, for that matter, natural gas – aren’t […]


Big oil firms struggle to find new reserves

Big oil firms struggle to find new reserves thumbnail

Big U.S. oil firms more than matched the oil and gas they pumped last year with new finds, while European rivals failed to do so, but the underlying performance of both reinforced fears the industry is short of attractive exploration opportunities. U.S. oil firms mainly relied on acquisitions to achieve large reserves additions in 2005, […]


Clean Energy’s Long Boom

Clean Energy’s Long Boom thumbnail

Back in 2001, when we launched Clean Edge, recognition of clean energy among corporations, investors, governments, and the media was barely palpable. The signs of a coming boom were there — with governments like Japan and Germany, corporations such as Sharp and BP, and a handful of venture capitalists making strategic investments — but we […]


Despite Hype, Hydrogen Moves Ahead

Despite Hype, Hydrogen Moves Ahead thumbnail

This week the hydrogen energy industry convened in Los Angeles for its annual trade show and conference. A wide range of companies were on hand, from small manufacturers offering pressurized tanks all the way up to the world’s leading automakers showing their latest hydrogen fuel cell vehicles. There’s an unquestionable buzz and optimism surrounding this […]


Wall Street acquiring a taste for ethanol

Wall Street acquiring a taste for ethanol thumbnail

The surest signs of corporate interest in Minnesota ethanol are in the southern part of the state where three ethanol plants are in the planning stage. Each would be two to three times larger than the average ethanol plant currently operating in Minnesota. Unlike the farmer-owned model that dominates, all three will be constructed mainly […]


We Were Warned: Tomorrow’s Oil Crisis

We Were Warned: Tomorrow’s Oil Crisis thumbnail

What if a hurricane wiped out Houston, Texas, and terrorists attacked oil production in Saudi Arabia? CNN Presents looks at a hypothetical scenario about the vulnerability of the world’s oil supply, the world’s remaining sources of oil and explores the potential of alternative fuels. (Includes clips and related articles)CNN


Hyundai Plans Fuel Cell and Hybrid Cars for Chinese Market

Hyundai Plans Fuel Cell and Hybrid Cars for Chinese Market thumbnail

South Korea’s biggest carmaker Hyundai Motor is planning to introduce environmentally-friendly hybrid-powered and fuel-cell cars to China, according to a top official with its joint venture in Beijing. Hyundai’s plans come as a slew of other foreign and domestic carmakers have already started to produce hybrid-powered cars in China or have announced they will do […]


Biodiesel plant will help meet energy needs

Biodiesel plant will help meet energy needs thumbnail

The Midwest is going to become the new oil-rich Middle East if area entrepreneurs and investors get their way, retailers and business people were told by the featured business Thursday during the Keokuk Area Chamber of Commerce Recognition, Appreciation and Participation breakfast. When Tri-City’s four-phase plan is complete, the company will be able to produce […]


Oil Groups Shun Iran Over Fears of Embargo

Oil Groups Shun Iran Over Fears of Embargo thumbnail

International oil companies are putting multibillion-dollar projects in Iran on hold, concerned about the diplomatic standoff over the countryFinancial Times


U.S. Threatens to Ban Venezuelan Oil

U.S. Threatens to Ban Venezuelan Oil thumbnail

The United States is threatening to ban oil exports from Venezuela, Jose Vicente Rangel, Venezuela’s Vice President said on Friday. “There is a veiled threat from the U.S. authorities to ban Venezuelan oil,” Rangel said, adding that the Venezuelan government has been preparing for it. “If we can sell gasoline to China, India and Latin […]


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