Major oil strike ahead if PR campaign succeeds

Hugh de Lacy: Presidential adviser and peak oil guru says New Zealand is attractive to global explorers A major oil strike is on the cards if the government campaign to attract explorers to New Zealand’s mostly off-shore fields succeeds, according to peak oil guru and adviser to US President George W Bush, Matt Simmons. And […]

Company introduces ‘greener’ energy rate

VERMONT – Customers of Green Mountain Power Corp. now have the choice of buying all or part of their electricity from renewable resources. “Our customers have expressed interest in being able to choose renewable resources and I’m pleased that we will now be able to offer them that choice. Green Mountain Power’s overall power mix […]

Nuclear Power to be questioned in a Peak Oil context at Imperial College, London

An event looking at Nuclear Power in a context of declining global oil supplies will take place at Imperial College, London on Tuesday March 21st starting at 6.30pm. There is increasing awareness that energy prices are not going to get any cheaper. Britain is currently on the edge of a gas crisis, threatening industry, while […]

Gas shortages in the UK

…Well, it seems the US dodged a bullet this winter. As I wrote in various episodes (including item 15 below), the natural gas situation was very tense and depended, to some extent, on the weather. Thankfully for you guys, the winter has been a lot milder than expected, in general, and consequently, heating and electricity […]

Pickens sees $5 per gallon gasoline worldwide

OKLAHOMA CITY – Texas oilman T. Boone Pickens suggested Tuesday that the short-term solution to oil supply and demand problems is high gasoline prices at the pump – perhaps $5 per gallon. In a speech to civic clubs, Pickens, a native of Oklahoma, said demand for oil is about 85 million barrels a day worldwide, […]

Markets oblivious to geopolitical risks

Washington’s military action and democratization efforts in the Middle East are creating unprecedented instability in the most important oil-producing region in the world – instability that will likely increase during 2006. Growing instability in the Middle East has made global geopolitical risk extreme. Investors worldwide have yet to link extreme global geopolitical risk with high […]

South Africa: Prices to Rise About 15%, Says Egoli Gas

The thousands of consumers who use gas as a source of energy face tariff hikes several times the 5,1% mooted for users of Eskom’s conventional coal-based energy. Egoli Gas, which buys gas from Sasol and distributes it to more than 10000 customers in Johannesburg, said yesterday that prices could go up 25%-30% next month when […]

BMW to Start Serial Output of Hydrogen-Powered Car

BMW intends to start serial production of a hydrogen-burning 7-Series executive car within two years, the world’s largest premium automaker said on Tuesday. “We will present such a vehicle to the public in less than two years,” a spokesman said, confirming media reports. BMW had said last year its hydrogen-fuelled cars, which emit only water […]

EU ministers endorse New Energy Policy for Europe

EU energy ministers gave cautious backing on 14 March to proposals for a common EU energy policy ahead of a summit that is set to formally endorse the new strategy at the end of the month. The ministers said this “New Energy Policy for Europe” should contribute “in a balanced way to security of supply, […]

German minister slams commission energy paper

German environment minister Sigmar Gabriel has sharply criticised the European Commission for focusing too heavily on energy security, while disregarding renewable energy and spending too much cash on nuclear power… The German minister argues the commission’s energy paper, presented last week, demonstrated a one-sided interest in the security of energy provision, when other goals like […]

Mexico’s Ability to Export Oil

Mexico’s Cantarell field, the second highest oil-producing field in the world, has begun a premature decline, signaling an imminent peak of overall Mexican oil production. Khebab of GraphOilogy here demonstrates, with a quite technical analysis, what this will likely mean for oil exports from a country with a growing population and appetite for oil.Energy Bulletin

IMF sees oil boom opportunity for central Africa

An oil boom has handed central Africa a “great opportunity” to tackle poverty, the head of the IMF said on Tuesday, but the political will was lacking for the reforms required. International Monetary Fund Managing Director Rodrigo Rato urged a summit of the Central African Economic and Monetary Community (CEMAC) to tear down trade barriers […]

Opec plans to fight drop in oil price

The president of the Organisation of the Petroleum Exporting Countries on Tuesday signalled the oil cartel would fight to keep oil prices from slipping much below today’s level, hinting it would be guided by a new price band between the high $50s and the low $60s range. Edmund Daukoru, also Nigeria’s oil minister, said in […]

Oil Find in Mexico Far From Success

Mexican President Vicente Fox announced Tuesday that state-owned oil giant Pemex had hit serious pay dirt in the Gulf of Mexico: A deep-water exploration known as Noxal had tapped a field off the coast of the southern state of Veracruz that could contain as many as 10 billion barrels of oil. If the field pans […]

Millions face fuel poverty

Rising domestic bills have doubled the number of households in fuel poverty within three years, a report has said. Around two million vulnerable households in England now struggle to pay their gas and electricity bills – up from one million in 2003. The Fuel Poverty Advisory Group said a 35% rise in domestic energy prices […]

TOD-UK: A British Gas Emergency Looms

It has been apparent since the summer of 2005 that gas supplies this winter were going to be tight. Despite this the UK energy minister Malcolm Wicks had the audacity to state that the country was “awash with gas” when the evidence showed the situation to be tighter than ever. Events are transpiring against us […]

IEA Slashes World Oil Demand Growth Every Quarter in 2006

Global oil consumption in 2006 is not expected to grow as rapidly as previously thought because high prices are undercutting demand, the International Energy Agency said Tuesday. In its widely watched monthly report, the Paris-based IEA cut its oil demand growth forecast by 16% for 2006 as the impact of $60 a barrel oil that […]

Ethanol Producers Encouraged by New Study

Ethanol supporters say they’re encouraged by the results of a recent study refuting the notion that it takes more energy to produce ethanol than the corn-based fuel saves. Scientists at the University of California-Berkeley say there’s a 20 percent net energy gain by using fossil fuels to make ethanol compared to gasoline. chron

Greenhouse theory smashed by biggest stone

A new theory to explain global warming was revealed at a meeting at the University of Leicester (UK) and is being considered for publication in the journal “Science First Hand”. The controversial theory has nothing to do with burning fossil fuels and atmospheric carbon dioxide levels. According to Vladimir Shaidurov of the Russian Academy of […]

Renewables’ benefits overstated

Your Monday editorial, “Powering up renewables” grossly misrepresents the benefits of distributed renewable energy generation, or DG. It outlines a “triple punch” of DG benefits: lessening demand on existing transmission lines, reducing the need to build new lines and enhancing efficiency. First, as long as DG in Arizona is dominated by solar photovoltaics, it will […]

Wholesale gas surges 25% higher

The price of wholesale gas in the UK surged a further 50p per therm to a record 255p a therm today, prompting one industry leader to say that British fuel supplies were facing “the crunch”. Consumer groups warned the public to expect further increases in their energy bills should the wholesale price continue to rise. […]

Highest greenhouse gas levels, says UN

Greenhouse gases in 2004 reached their highest ever levels in the atmosphere, says the UN’s meteorological agency. In its first Greenhouse Gas Bulletin, to be an annual publication, the WMO says that in 2004 atmospheric CO2 levels stood at 377.1 parts per million, 35% higher than in the pre-industrial age, before about 1750. ABC

A Proposal for Hydrogen, Synthetic Fuels and the Halving of US CO2 Emissions

A team from General Atomics is proposing the use of hydrogen provided from non-fossil sources (solar, wind or nuclear) and CO2 captured from coal-fired power plants or from the air to produce enough Fischer-Tropsch synthetics to meet the fuel needs of the transportation sector. With such an approach, propsed in a poster session at the […]

Pivotal Piston Two-Stroke Engine Eyeing Hydrogen ICE Market for Autos

A New Zealand company has redesigned the two-stroke combustion engine with the intention not only of overcoming the shortcomings of the conventional sliding-piston two-stroke engines, but also to produce a combustion engine that can better exploit hydrogen as a fuel. With its high level of thermal control of the water-cooled piston and thermally smooth head […]

Seattle BioFuels and InnovaTek Announce First Successful Production of Hydrogen

Today, InnovaTek Inc. and Seattle BioFuels, Inc. announce the first successful production of hydrogen from 100% biodiesel in a microchannel steam reformer. InnovaTek Inc., is a Richland, WA, based company which creates technologies for environmental safety and sustainable power. The Company is a leader in portable fuel processing technology and advanced catalysts for hydrogen production […]

Oil Execs Questioned By Congress Again

Oil executives are under fire again (last time was in November) because of their high revenues and the belief that they are price fixing. Really though, the profits are solely due to the world’s incredibly high demand for oil. Congress had a stern talk with the executives about some mergers in the oil industry. Rex […]

Ethanol Industry Future in Doubt – Australia

The future expansion of the ethanol industry is under a cloud. Chief executive of the Australian Biofuel Association, Bob Gordon, says it does not look like major oil companies Caltex, Shell and BP will meet their promise to increase the use of biofuels this year. Mr Gordon says if the companies do not meet their […]

Oil Anarchy Threatens Iraq’s Future

Rampant corruption and political anarchy have pushed Iraq’s oil industry to the brink of collapse and may drive away the experts needed to save it. Three years after the U.S.-led invasion of Iraq, the country’s oil exports have sunk to nearly half the level they were under former president Saddam Hussein.Reuters

Russia Must Develop New Gas Fields to Up Output

Russia must develop its untapped proven natural gas reserves soon, in order to arrest the current decline of production at its existing fields and help feed global demand for gas, leading industry analysts said Tuesday. “There’s a serious decline in existing (Russian) fields; there’s a need for massive investment,” if supplies are to match up […]

IEA Slashes World Oil Demand Growth Every Quarter in ‘06

Global oil consumption in 2006 is not expected to grow as rapidly as previously thought because high prices are undercutting demand, the International Energy Agency said Tuesday. In its widely watched monthly report, the Paris-based IEA cut its oil demand growth forecast by 16% for 2006 as the impact of $60 a barrel oil that […]

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