Whether peak oil arrives with a bang or just sort of sneaks up on us, it is highly unlikely that ten years from now there is going to be enough liquid fuel to power all the world’s cars, trucks, buses, planes, trains, and boats. The responses of governments to this situation will vary by political […]
Al-Qaida has encouraged its followers to attack oil pipelines and facilities in Muslim countries and tankers but not wells, according to a document posted on a Web site by the group that targeted the world’s largest oil-processing complex in Saudi Arabia. The document was at least a year old, but al-Qaida’s branch in Saudi Arabia […]
INDIA – Visualise this: Five years from now, Iran becomes a renegade state and is preparing for a nuclear standoff. It shuts off oil supplies to the rest of the world. Nigeria collapses into civil war. Oil production plummets by over two million barrels per day, and the price leaps to $150. India is now […]
United States Sen. Ken Conrad, N.D. (seated) got a crash course from University of North Dakota chemical engineering faculty on their research to develop a biojet fuel that will run at colder temperatures, cost less and be more environmentally friendly than the conventional jet fuel. The biojet fuel, derived from crop oils, such as soybeans, […]
This tremendous new book challenges readers to consider the unthinkable – the approaching day when Saudi Arabian oil production goes into decline. Saudi Arabia is the goose that lays the golden eggs, single-handedly producing almost an eighth of the world’s total oil production and picking up the slack when other oil producers run into trouble. […]
The Minister of National Infrastructure said the government did not need to review royalty payments by British Gas to the Palestinian Authority. ISRAEL – Minister of National Infrastructure Minister Ronnie Bar-On, speaking in the Knesset today, said the entry of BG Group (NYSE: BRG; LSE: BG) (British Gas) to the local gas market would save […]
BEIJING – China has gained a yearly output of bio-ethanol gasoline of 10.2 million tons, accounting for 20 percent of its overall gasoline consumption, Thursday’s Shanghai Securities News reported, quoting the State Development and Reform Commission. China has unfolded a trial use of bio-ethanol gasoline, a mixture of ten percent ethanol and ninety percent gasoline, […]
CEDAR RAPIDS, Iowa Rising petroleum prices are turning hog manure into the brown gold of agriculture. According to The Cedar Rapids Gazette, farmers who concentrated on growing corn and soybeans for years are suddenly interested in livestock again. Experts say hog manure, which has increased 50 percent in value during the past two years, is […]
RIYADH – Saudi Aramco plans to boost its production capacity by 2.3 million bpd for Arabian light crude in three years. ‘We have ambitious expansion plans for the refinery industry and it will need billions of dollars in the next five years,’ an Aramco official was quoted as saying in a Gulf News report. ‘Foreign […]
WASHINGTON – How it happened or who’s responsible is a mystery eight years after the fact. But what may have been a simple error In 1995, Congress exempted deep-water oil from royalty payments to spur development. But a price threshold was included in leases issued in 1996 and 1997 and again in leases sold in […]
Guidance system lets plow drivers leave a precise amount of overlap between rows Calgary’s CSI Wireless Inc. is beating the U.S. Defence Department’s high-tech swords into more efficient plowshares, helping Manitoba farmer Ronald Sabourin save thousands of dollars a year on necessities like fuel, fertilizer and chemicals. “Saving that much money is important to guys […]
A Nigerian militant group that abducted oil workers and launched attacks on oil stations has released six of nine hostages held for two weeks, news agencies reported. The Movement for the Emancipation of the Niger Delta (MEND) continued to hold three captives – two Britons and an American – and warned of further attacks on […]
Whiskey and Gunpowder takes on “abiotic oil” SOME PEOPLE ARE just plain skeptical of the entire Peak Oil thesis. Here is an e-mail from a Whiskey & Gunpowder reader named Michael, location unknown: “Sorry. Peak Oil is a scam to sucker investors like you into wasting money. Do a Google search for ‘Peak Oil scam.’ […]
Scientists sceptical of climate change are silenced and consensus is feigned, says Miranda Devine. A CONTROVERSIAL climate change advertisement made by Dr Tim Flannery for a solar company finally made its official debut yesterday on Adelaide television after a much-publicised “censorship” row. In the ad, Flannery, the director of the South Australian Museum and popular […]
Al Qaeda has advised followers to attack pipelines in Saudi Arabia and Iraq but to steer clear of oil wells because they are the lifeline of Muslim states, according to a two-year-old document recently posted on the Web. The guidelines in al Qaeda’s war against “crusaders” and U.S.-allied governments were laid out in a manifesto […]
Portugal signalled the launch of one of Europe’s biggest wind power projects yesterday – a move that will supply enough electricity for 750,000 homes. The contract is the equivalent to a quarter of all the wind power installed in the European Union last year. It will help cement the growing reputation of Portugal – a […]
How long term is “long-term?” Proponents of nuclear power generation are, in fact, very short-sighted. As well as the unsolved problem of what to do with the nuclear waste which will be dangerously radioactive for thousands of years, nuclear energy is perhaps the most expensive option yet tried. Huge cost overruns for new reactors have […]
Amidst growing international concerns about energy independence and prices, the prime ministers of the three Baltic countries announced this week they would support the construction of a new nuclear plant in Lithuania. The ministers said the region’s three dominant power producers – Lietuvos Energija, Latvenergo and Eesti Energia – will be invited to invest in […]
China will continue international energy cooperation and help to improve international framework of energy security, a senior Chinese energy researcher said here Wednesday.… The proposal also notes that from 2006 to 2010, China will try to meet its energy demand mainly with domestic supply, and will take coal as the main source of energy.Xinhua
Europe’s common energy policy risks taking a parochial approach to a global problem, two of the EU’s largest energy partners, Russia and Ukraine, have indicated. “When you start to think about energy security, you must discuss global energy security, because there is no other type,” Russian energy minister Viktor Khristenko said. ..He said the lion’s […]
I’m very pleased that I can now refer such folks to “Identifying the Opportunities in Alternative Energy” (download – PDF), just published by Wells Fargo Private Client Services. It’s intended for the relatively well-heeled, but it’s actually a pretty good primer on alternative energy resources (hydro, wind, solar, hydrogen, biomass, and — yes — nuclear), […]
More than 130 Environmental Protection Agency scientific patents of technologies developed over the last eight years that benefit the environment can now be viewed at the new EPA TechMatch web site. About 30% of thosegreencarcongress
We are also well into the commercial space age. In 1998, private-sector spending on space applications began to exceed government spending, and the gap is widening. A critical mass of entrepreneurs — some with familiar names like Bezos and Branson — have been backing space-related companies for years. In the coming months, their efforts will […]
Amid signs of a revival in orders for nuclear power reactors, last month’s sale of Westinghouse’s former nuclear division to Toshiba might stand out as a landmark – but not necessarily because the industry seems ready to take off. There is much talk of a rebirth of the nuclear construction industry, but analysts say that […]
The number crunchers at French consultant Capgemini have been totting up population forecasts, joules and kilowatt hours in its China Electricity Market 2006 study, and come 2020, it turns out the dragon’s going to need more juice. A scale-raising 1,230 gigawatts of power, 29% more than the 950 gigawatts currently planned, to be precise. Reels […]
This post is for the benefit of those readers whose friends or relatives just spat out their coffee over their morning New York Times in surprise that oil is starting to run out and nobody warned them before now. If you are looking around for more background information, I would like to summarize a series […]
We should all feel a sense of relief winter is almost over … and that means an end to record setting natural gas bills. Despite the recent spike at the pumps… crude oil prices have been coming down. But what about the future of energy prices? The latest Lundberg Survey says you can expect prices […]
The Energy Institute (EI) hosted Lord Browne of Madingley, BP Group Chief Executive, as the keynote speaker at this year’s International Petroleum (IP) Week dinner. Lord Browne spoke of the myths surrounding the oil industry, including current oil prices, high profits, damage to the environment, and security of supply. Lord Browne provided dinner guests with […]
Solar rather than nuclear energy should be the UK government’s priority in planning future energy production, according to scientists writing today in the journal Nature Materials. Challenging advocates of the nuclear option, researchers from Imperial College London argue in their Commentary article that photovoltaics, the direct conversion of sunlight to electricity, could match and exceed […]
The global scientific body on climate change will report soon that only greenhouse gas emissions can explain freak weather patterns. He said the report would forecast that a doubling of greenhouse gas concentrations in the atmosphere would bring a temperature rise of 2-4.5C, or maybe higher. There will be sceptics, predominantly in the US, who […]
Oil News Categories
Recent Board Topics
Archive
LATEST NEWS HEADLINES

Member Comments
PO Real Time
No tweets available