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