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There are no indications that Washington is likely to make a rash move and, more significantly, a solo Iraq-like move. The administrationJANG

Sustainability – At the Tipping Point?

I’m an optimist by nature, I’ll confess. (A nature that sometimes seems hard to express in these times.) With that disclaimer, I think we’re likely to look back on 2005 as the tipping point for “sustainability.” Here’s why. In his 2001 bestseller The Tipping Point: How Little Things Can Make a Big Difference, Malcolm Gladwell […]

OPEC members’ big fear: Price drop

For the past three months, a few of the top representatives from the Organization of Petroleum Exporting Countries have argued that their oil-producing cartel, which pumps nearly 4 of every 10 barrels of oil produced worldwide, needs to trim output to avert a potential oil glut and a – highly hypothetical – price collapse. Much […]

Exxon, Chevron set off to face nervous Wall Street

When Exxon Mobil Corp. (XOM.N: Quote, Profile, Research) and Chevron Corp.’s (CVX.N: Quote, Profile, Research) top executives face Wall Street this week, they can bask in the glow of coming off a gloriously profitable year. But with some forecasts predicting that oil prices and refining margins are set to fall this year, nervous investors will […]

Zero-energy houses are a reachable goal

The term “zero energy” refers to a home that uses energy-saving strategies and renewable energy technologies to produce all of its own energy — thus, the “zero energy” term. f you’re really motivated by the thought of cutting your energy bill in this way, pull up a comfortable chair and type “zero energy home” into […]

Emerging energy star

Microsoft Chairman Bill Gates recently invested millions in it. Morgan Stanley is a huge player. And scores of venture capitalists are starting to take a look as well. We’re talking corn, not cyberspace. Once the domain of farmer-funded cooperatives in Midwest backwaters, grain-based ethanol has become a rock star of energy investments as Wall Street […]

Chew Magna: Is this greenest village in Britain?

In gently rolling countryside, not far from a tranquil lake, Chew Magna is the quintessential Somerset village. It has a well-kept cricket pitch, tidy gardens, three churches, two pubs and a row of quaint shops. But a flier stuck to a telegraph pole tells a different story. “Find out everything you’ve always wanted to know […]

The Next Conservative Energy Policy

Peak oil will cause a crisis in transportation because there are no ready liquid fuel substitutes of comparable quality or quantity. We can’t fill gas tanks with coal, wind, solar or nuclear fuel. A February 2005 report commissioned by the Department of Energy, Peaking of World Oil Production: Impacts, Mitigation and Risk Management, concluded that […]

BIS Says Oil Exporters Recycle More Petrodollars in Q3

Major oil exporters deposited a record $82 billion (47 billion pounds) with international banks in the third quarter of last year, maintaining the trend of recycling part of their oil revenues, the Bank for International Settlements said on Sunday… Major oil exporting countries play an increasingly important role in the global financial market as their […]

Forecaster Warns 2006 Atlantic Hurricane Season Could Rival 2005

As the winter heating season winds to a close, the natural gas industry is now looking towards the summer cooling season and the Atlantic hurricane season for indicators on the direction of natural gas prices. Special attention is being paid to the 2006 Atlantic hurricane season, which forecasters expect to be overly active. Focus on […]

Kerry: America Must Bolster UN, ‘End the Empire of Oil’ to Defeat Terrorism

Sen. John Kerry said Sunday that the United States must rebuild the power of the United Nations and help ”end the empire of oil” to defeat terrorism. Kerry, who lost to President Bush in the 2004 presidential election, avoided explicit criticism of the U.S. administration during a wide-ranging speech on the global dynamics of terrorism. […]

‘Green’ Chemists Swap Oil for Renewable Alternatives

Look around you. What do you see? A computer screen, the print on this page, a pen, your shirt. Chances are there’s petroleum in all of it. Petroleum-based substances are in everything from lipstick to laundry detergents, clothes to computers to chocolate bars – even fertilizers and pharmaceuticals. Petroleum for nonfuel use made up just […]

Cantarell Decline Rates Increasing

Pemex expects oil production from its Cantarell field, its largest oil field, will fall 6% to 1.91 million barrels a day in 2006 compared to 2005 and will keep falling to 1.68Mb/d in 2007 and 1.43M/d in 2008, depending on whether it receives the required investment amounts, the report said. Poster’s Comments: By my figures […]

Venezuela Prepares to Fight Off Invasion

At a rural military base on the outskirts of Caracas, Venezuelan officers have started classes in unconventional warfare to repel an invasion left-wing President Hugo Chavez warns Washington may attempt. Snipers draped in foliage and civilian reservists armed with knives, catapults and handguns crawled out of a hidden tunnel in a demonstration as instructors lectured […]

Klepach: Lenders at Risk if Oil Plunges

Russia’s huge current account surplus could disappear by 2009, potentially threatening a liquidity crunch in the banking system if oil prices slump, the Economic Development and Trade Ministry’s chief forecaster said on Friday. Russia posted a record current account surplus of $87 billion last year — over 11 percent of gross domestic product — thanks […]

Oil Drying Up ‘Faster Than We Think’

Long-addicted to cheap abundant Middle East oil, the United States www.stuff.co.nz

An Energy Pearl Harbor?

A Near Miss in Saudi Arabia Hints at Future Shocks “We call our brothers in the battlefields to direct some of their great efforts towards the oil wells and pipelines. . . . The killing of 10 American soldiers is nothing compared to the impact of the rise in oil prices on America and the […]

OPEC Unlikely to Curtail Production

VIENNA, Austria – With oil prices still above $60 a barrel, OPEC ministers likely will keep output steady when they meet this week to set strategies for the spring and early summer. A warmer-than-usual winter in the United States, the world’s largest consumer, has built inventories That adds to the dilemma as the Organization of […]

Energy crisis: We’ve identified the problem; now we have to fix it

Oil is in limited supply. What there is of it is largely located in OPEC nations, most of which are controlled by Islam. About half of U.S. imports of crude oil come from OPEC nations. When one hears of the distant time, say 30 years, when peak oil production will be reached, it should not […]

Highest natural gas prices since mid-1980s

WASHINGTON — Despite two consecutive monthly declines in average U.S. natural gas spot prices, the winter of 2005-06 had the highest gas prices since the mid-1980s. The average U.S. monthly natural gas spot price for March dropped 11.8 percent from February, to $6.67/MMBtu, following a 24 percent decline a month earlier. However, the average wholesale […]

Fuel, Fertilizer Prices Hit Farms Hard

A study released by the Agricultural and Food Policy Center at Texas A&M University shows that farmers may be experiencing negative cash flows because of the high price of fuel and fertilizer. Farm fuel prices went up as much as 28 percent last year, the report shows, and commodity price increases projected through 2010 won […]

Energy must be bigger story

The Consumer Federation reported last week that there was a huge difference in fuel economy within the same class of cars. Why your paper did not carry this news I find hard to comprehend. Such an article, or series, can revolutionize the energy crisis in the world: Why can one manufacturer in a particular car […]

MALAYSIA: The road of sacrifice

It The Government, in gradually reducing petrol subsidies (to have more funds), is taking the high road to development, with the Ninth Malaysia Plan its next milestone. It is now up to the people to go the extra mile in working hard to put the nation on the road to prosperity. At the other end, […]

Ottawa project shares top billing with Bush ranch

A local construction project is receiving global recognition from the International Ground Source Heat Pump Association (IGSHPA) for its innovative heating and cooling system design and ultra-efficient performance. It will share industry accolades with another Geothermal system installed at President George W. Bush’s Texas ranch. Both projects are to be found in the IGSHPA The […]

Nigerian militants threaten to halve oil output

LAGOS (Reuters) – Nigerian militants threatened on Sunday to halve the country’s oil output by cutting another 1 million barrels a day this month in their campaign to gain more autonomy for the southern delta region. The militants from the Movement for the Emancipation of the Niger Delta are holding two U.S. hostages and one […]

Transit troubles ahead, ex-Amtrak head warns

…Another component of the transportation system problem, Gunn said, is that, with few exceptions, these systems are powered by petroleum and therefore subject to market pressures of supply and demand. Gunn said that America’s transportation infrastructure is built on government dollars, and that the money currently being spent on this infrastructure is inadequate. UD Daily

Tipping Over Peak Oil

Forget the Mideast for a moment. Imagine if someone attacked the single most important oil pipeline on American soil. The supply shock wouldn’t be small. Just under a million barrels of oil flow from Alaska each day — about 17% of daily U.S. production. Now imagine that the attack is successful; it completely shuts down […]

Iran

There has been considerable discussion especially in internet reports of late that the soon-to-open Teheran Oil Trading Bourse, due to open sometime this March, is perhaps the real reason Washington is preparing to launch military action against Iran. The argument is that by offering oil buyers a chance to trade oil in currencies other than […]

MP demands truth on Kuwaiti oil reserves

KUWAIT CITY (AFP) – Veteran Kuwaiti lawmaker Ahmad al-Saadun demanded that the government reveal the truth about the emirate’s oil reserves which were reported to be only half of the official figure. “No clarifications have been issued by the energy ministry, the Kuwait Petroleum Corp. or its affiliated companies to discount doubts about the credibility […]

Calculating the Risk of War in Iran

In the past weeks media reports have speculated that Washington is The dramatis personae include the Bush Administration, most especially the Cheney-led neo-conservative hawks in control now of not only the Pentagon, but also the CIA, the UN Ambassadorship and a growing part of the State Department planning bureaucracy under Condi Rice. It includes Iran, […]

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