Beyond petroleum?

In Bush’s state of the union address we all heard him say the words “addicted to oil”. I was elated for the rest of the week. I know, I know. This doesn’t mean he’ll actually do anything about it, but at least we can now hear the problem addressed from all fronts. CNN’s recent hour […]

Tax credit worry hampers U.S. wind industry

Lack of long-term policy hurts investment in new equipment Lack of a long-term federal tax credit continues to hamper the wind farm industry and fosters a boom-and-bust cycle of construction, developers said on Monday at a conference on financing renewable energy. The industry is also grappling with the cost of wind turbines rising at least […]

Biofuels would be disaster for state

The movement toward biofuels as an environmentally friendly alternative to fossil fuels is a greenscam’ with potentially disastrous consequences. The Bush brothers, a cabal of giant agribusinesses, their paid consultants and political cronies are behind initiatives that involve massive taxpayer-funded subsidies to large environmentally destructive corporations. Sadly, they’re aided by a number of well meaning […]

Global warming: Your chance to change the climate

Four senior ministers today made one of the most embarrassing admissions of the Labour Government’s nine years in office – that the official policy for fighting climate change has failed. Yet, as they did so, a group of MPs will offer a different way forward in the struggle to combat global warming, one which they […]

Coal plant plan scrapped over emissions fears

A private sector plan to build a large-scale coal thermal power plant in Ube, Yamaguchi Prefecture, has been scrapped because of concern that it would produce too much carbon dioxide… The plant was to be capable of generating 1 million kilowatts of electricity, and its annual emission of CO2 was projected to exceed that of […]

Blair backs Asia-Pacific climate pact

Prime Minister Tony Blair on Tuesday backed an Asia-Pacific climate partnership that includes India, China and the United States, saying it was not aimed at undermining the Kyoto protocol on cutting gas emissions. Blair said there were a number of climate-change initiatives around the world which could eventually be brought together to tackle greenhouse gas […]

Nuclear suppliers raise doubts on US-India deal

US efforts to get India accepted as a full partner of the international nuclear community have received a setback following a difficult meeting of the 45-nation Nuclear Suppliers Group (NSG). Diplomats and analysts briefed on the outcome of last week’s discussions in Vienna said concerns raised by a number of countries, including China, would also […]

Manufacturers ‘burying their heads in the sand’ on energy

Research from Barclays capital and energy broker Utilyx claims that Britain’s biggest industrial and commercial energy consumers have failed to minimise energy price risk and have not adapted their buying processes to current volatile conditions. By purchasing at the wrong time, UK plc overspent on energy by more than The Manufacturer

Oil business slows down amid price hike

BEIJING, March 28 — Retailers yesterday said the oil business had turned sluggish, as consumers needed time to take in the government’s decision to raise retailing prices of oil products by 3 to 5 per cent over the weekend. But consumers were not the only ones reacting to Sunday’s oil price hike, as the country’s […]

Majors still wary of Sudan

Vast Sudan oil reserves a politically risky deal for investors A year of peace in southern Sudan promises to unlock vast oil reserves left untapped by more than two decades of conflict, but oil majors hungry for new sources of energy are unlikely to swoop in just yet. The south, spurred by a 50 percent […]

Progress Energy calls for US global warming plan

Power company Progress Energy (PGN.N: Quote, Profile, Research) on Monday called for a U.S. plan on managing emissions of the gases scientists have linked to global warming. U.S. power companies produce about 40 percent of the country’s carbon dioxide, the main heat-trapping gas linked to global warming. Scientists say warmer temperatures could increase the strength […]

Banks throw money at energy

Investment banks are pouring money into their global energy operations, recruiting professionals world-wide as volatile oil markets and power and gas liberalisation trigger more customer demand. Credit Agricole unit Calyon, Fortis and ABN Amro are among European banks that have been actively recruiting energy and commodity personnel. .reuters

Africa hosts the great oil debate

Some in the industry want to know whether OPEC members have the financial resources to meet the forecast demand of 110 million to 115 million barrels a day by 2025. OPEC insists it can. The problem, it argues, is not with the organisationbusinessinafrica

Clean coal only solution to looming energy crisis

A UK based international firm is claiming that clean coal is the only short term solution to the predicted massive shortfall in energy and the environmental, economic and supply challenges that lie on the near horizon. Mitsui Babcock has set out an agenda for Government, publishing a report on the benefits of clean coal alongside […]

We Have 10 Years – NASA’s Top Climate Scientist

We hear many news items related to global warming. However, this one is from the head of NASA’s top institute which studies climate change, James Hansen. He says we have 10 years left to control or reverse global warming. He also says that climate change news is being censored by the current administration in the […]

ExxonMobil Inks Deal to Participate in Upper Zakum Oil Field

Upper Zakum is one of the world’s largest oil fields, contributing significantly to Abu Dhabi’s current production, and with potential for substantial production growth. ExxonMobil, with ADNOC and JODCO, will provide support to the joint operating company, Zakum Development Company (ZADCO), in pursuing the objective of increasing production by about 50 percent to a target […]

Biofuels are no cure-all for energy needs

When discussing economic policies it is important to not let rhetoric overpower reality. That happened in a recent, much-reprinted New York Times article that argued “endless fields of corn in the Midwest can be distilled into endless gallons of ethanol … that could end any worldwide oil shortage … and free the United States from […]

China’s Solar Push More than Just Low-Cost?

China is likely to be of paramount importance to the solar industry because of its low-cost manufacturing capabilities and potentially enormous domestic demand driven by new government programs. This was made abundantly clear in a recent visit to the country. Chinese-based manufacturing will help lower the cost of solar. China has enormous (>1,000 MW) low-cost […]

Coal-Based Jet Fuel Aces Combustion Tests

A synthetic jet fuel comparable to Jet A or military JP 8, but derived from at least 50% bituminous coal, has successfully powered a helicopter jet engine, according to a Penn State fuel scientist. The JP 900greencarcongress

Japanese Research Center Successful in Wood Biomass to Diesel Test

The Biomass Technology Research Center (BTRC) of Japangreencarcongress

Shell Says Not Eager to Restore Oil Production in Nigeria

Royal Dutch Shell has said that it will not be eager to restore oil production in Nigeria, though three foreign hostages working for one of its subcontractors were on Monday released unharmed by militants there. The abductors, on their parts, had reiterated threats of more attacks in the delta, the oil industry heartland in Africa’s […]

China To Explore For Our Uranium (Australia)

CHINA hopes to explore for uranium in Australia under landmark deals that its Premier expects to sign in a four-day visit. Two documents on uranium – one of which concerns “exploration and exploitation” – may be among economic and trade agreements signed by the Premier, Wen Jiabao, who arrives on Saturday. It could mean that […]

Jet Fuel Derived From 50 Percent Bituminous Coal Powers Helicopter Engine

A jet fuel comparable to Jet A or military JP 8, but derived from at least 50 percent bituminous coal, has successfully powered a helicopter jet engine, according to a Penn State fuel scientist. “Because the fuel is 50 percent derived from coal, it could reduce our use of imported petroleum for this purpose by […]

Pacific Island Nations Eye China’s Rise

China`s insatiable appetite for energy and natural resources, and its desire to secure the sea lanes through which such resources are transported, are propelling the country`s outreach to even the smallest of the Pacific Islands, leaders from the island nations heard last week at a convention in Tokyo. China`s determination to undermine Taiwan`s influence in […]

Cost of Clean Energy Decreases to Compete with Its Dirtier Counterparts, Says Re

The drive toward “peak” oil production and climate change is fueling the emergence of clean energy as an economically viable and environmentally necessary alternative to oil addiction, according to the Clean Energy Trends 2006 report (PDF)from Clean Edge. The report tracks the growth of the four primary clean energy sectors (wind, solar, biofuels, and hydrogen) […]

Saudi Seen Reaping Record Oil Revenues in 2006

Saudi Arabia is expected to earn record oil revenues of nearly $160 billion this year, helping the world’s top oil exporter fast-track ambitious plans to expand its energy sector, economists say. High oil prices have filled state coffers with petrodollars and given Saudi Arabia budget surpluses for three years running, after two decades of low […]

Shell Shocks the Oil Sands

The headline-grabber up north was that Royal Dutch had paid $465 million Canadian (about $400 million U.S.) for leases on 10 parcels of land in an area known as the Grosmont formation. The size of the deal is impressive and makes for one of the largest lease sales in recent history. Furthermore, Royal Dutch is […]

Tighter Fundamentals to Take Oil Back to Yr High – Analyst

Tighter market fundamentals in the coming weeks has the potential to add around $4 a barrel to oil prices and send crude back to 2006 highs, analysts at PetroMatrix said in a research report Monday. The Swiss-based company added that most surveys and analysts continue to be blinded by the U.S. crude inventory situation and […]

Constellation’s image taking a beating in energy crisis

BALTIMORE – Angry customers. Upset and frustrated lawmakers. Closed-door meetings with political leaders. Allegations of cozy relationships with state officials. Baltimore’s Constellation Energy Group Inc. has had a rocky few weeks. First, back in December, the energy company, parent of Baltimore Gas and Electric Co., announced an $11 billion merger with Florida-based FPL Group Inc. […]

Theories on gas prices abound

MARYLAND – There’s one term every driver has gotten familiar with since Hurricane Katrina: gouging. “I just got back from Las Vegas yesterday, and gas was 6 cents cheaper in the middle of the desert than it is here,” said Philip Burgess of Germantown in a random gas station conversation Friday. “Maryland’s screwing us!” I […]

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