New rig brings Brazil oil self-sufficiency

Brazilians honor an 18th century independence hero on Friday with a new sense of liberation — from dependence on foreign oil. When President Luiz Inacio Lula da Silva throws the switch to start production on the P-50 rig off Brazil’s south Atlantic coast, Brazil will begin producing as much oil as it consumes.Business Week

Palm oil prices set to increase, Malaysian officials say

Malaysian officials have warned that prices of palm oil could increase by as much as 5% if demand in Europe continues to rise. Palm oil, used for cooking, margarine and even some beauty products, it is one of the most successful commodities produced in Malaysia. This success is likely to continue as European demand for […]

South-South Energy Plan Underway

Presidents Nicanor Duarte (Paraguay) and Evo Morales (Bolivia) signed Wednesday a “Bilateral Agreement on Energy Cooperation.” The agreement includes a feasibility study to build a gas pipeline and other short-term joint projects to strengthen regional energy integration and cooperation. Both heads of state also wish to industrialize domestic energy resources and market the derivatives, namely […]

ARGENTINA: The Environmental Costs of Biofuel

The passage of a law on biofuels in Argentina is both good and bad news for sustainable development. While the new law will foment the production and use of alternative sources of fuel, it will also give a boost to soybean production, which has come in for harsh criticism from environmentalists. After two years of […]

Climate change surfaces on Bush-Hu agenda

Climate change does not often come up in conversation between President George W. Bush and other world leaders, but the visit of China’s President Hu Jintao this week is thought to have been an exception… More than 300 representatives from the six nations involved in the Asia-Pacific group are meeting in Berkeley, California, this week […]

IMF: World has to cope with energy costs

Higher energy prices probably will be around awhile, the head of the International Monetary Fund says. Thus far, the world economy has coped well with the rising cost of energy, but surging prices do pose a serious risk down the road, Rodrigo Rato suggested Thursday. “It is likely that higher prices are going to last, […]

Leaders should take global approach to looming triple-threat energy crisis

This week’s pain at the gas pumps is only a foretaste of what could lie ahead. Without major changes in how we use energy and the kinds of energy we use, we face an economic crisis, a geopolitical crisis and an environmental crisis. ..To give a hint, look at the forecasts of automobile use by […]

Iran’s former nuclear chief makes call for ‘less emotion’

Hassan Rowhani, Iran’s former top security official, has called for “more balance . . . more reason, and less emotion” in Tehran’s approach to the nuclear crisis. His remarks, reported yesterday by the official ISNA news agency, were unusually direct in advocating negotiations with the west and in criticising Iran’s policy since the fundamentalist Mahmoud […]

Scientists fear new attempts to undermine climate action

Britain’s scientists are drawing up a plan to fight renewed attempts by sceptics and industry-funded lobby groups to derail international action on climate change. According to a confidential internal memo, the Royal Society expects “groups and individuals” to question the science of global warming and the need to cut greenhouse gas emissions. It predicts that […]

NZ Prime Minister out of the closet on Peak Oil

Matt Simmons energy investment banker and Peak Oil advocate argued that 2006 would be the year Peak Oil would be absorbed into the public consciousness as much as climate change and it seems he may be right. This week Helen Clark, New Zealand scoop

Peak Oil And The Political Economy Of Terrorism

For a synoptic glimpse into the future, read this excerpt from New York Times’ April 16 article headlined “Blood and Oil”: Just as things seemed to be calming down in the delta region of Nigeria after a spate of kidnappings and insurgent attacks, the militant group calling itself the Movement for the Emancipation of the […]

BP attacked over CO2 emissions

BP drew fire yesterday from environmentalists for quietly halving its estimate of the carbon emissions that result from all the oil and gas it produces. But, as Andrew Simms of the New Economics Foundation pointed out, last year’s sustainability report had a figure of 1,376m tonnes of CO2 equivalent for 2004, double the new figure. […]

The Technical University of Denmark patents a super hydrogen car

DTU, The Technical University of Denmark, together with four students have applied for a patent on a new type of hydrogen car which exploits hydrogen much better, writes DTU in a press release. The new system for the combustion of hydrogen was actually started last year when the four students set a world record by […]

City of Barstow to Test Hydrogen-Methane Blend (Hythane) in Fleet

The City of Barstow, California has signed a Memorandum of Understanding with Hythane Company for exploring the use of Hythane (a fuel blend consisting of 20% hydrogen and 80% natural gas by volume, or about 7% hydrogen by energy) as a vehicle fuel for the city greencarcongress

Karsner’s First Energy Speach

Alexander Karsner, the DOE’s new Assistant Secretary for Energy Efficiency and Renewable Energy gave his first speech last week at the annual Power-Gen Renewable Energy and Fuels Conference. The transcript is now available here (.pdf). It gives some insight as to where the US Government is going with their renewable energy plans. Karsner clearly states […]

Simple Alternative for Harvesting Daylight and Saving Energy

Scientists at Rensselaer Polytechnic Institutenewswise

MPs in ‘back pocket’ of giants

MAVERICK Queensland Nationals Senator Barnaby Joyce has accused Howard Government ministers of being “greased up” by big oil companies. In an extraordinary attack on his Coalition colleagues, Senator Joyce yesterday said certain MPs were in the “back pocket” of the oil giants, but refused to name who they were. “Oil companies are very powerful. They […]

OPEC Secy Gen: OPEC Can Do Little Now to Dampen Prices

OPEC’s Secretary General said Thursday that there’s little the producer group can do now to dampen high oil prices. In a telephone interview with Dow Jones Newswires, Mohammed Barkindo said: “What can we do that we haven’t already done?” Even if the group were to pump more crude oil, they are unable to produce the […]

Petrol hikes fuelling bankruptcy (Australia)

More Australians are stumbling into bankruptcy as escalating petrol prices and greater debt dependency weigh on household finances. Paul Leroy, a partner with chartered accountants Hall Chadwick, says the effects of the escalation in petrol prices were now starting to be felt by consumers, especially those in lower income brackets. “There is a high incidence […]

Air NZ to hike fares by 10pc

Air New Zealand announced today all domestic and international airfares will rise by 10 per cent from May 1 as fuel costs continue to spiral. Chief financial officer Rob McDonald said fuel was now the airline’s No 1 cost. “We regret having to increase fares but the numbers are stark,” Mr McDonald said. stuff.co.nz

IEA Head Rules Out Strategic Oil Stocks Release For Now

LONDON – The head of the International Energy Agency, Claude Mandil, Wednesday categorically ruled out any release of strategic oil stockpiles, insisting there was no significant choking off of oil supplies to justify such a move… Mandil, who has historically called for more crude supplies from OPEC ahead of its meetings, conceded there was little […]

Russian gas giant could leave Europe in the dark

Threats by Gazprom, the world’s biggest gas supplier, to shift commercial attention to China or the United States if it is locked out of the EU market have prompted new fears over European dependency on Russian energy. “Attempts to limit Gazprom’s activities in the European market and to politicise questions of gas supplies” would “not […]

Spot Gasoline Shortages

NBC 10 has learned that several local gas stations have run out of fuel today as gas prices also soar in the Delaware Valley. Shortages were reported in Delaware, New Jersey and Pennsylvania on Thursday afternoon. An NBC 10 news team is currently at a Wilmington, Del., gas station where the station is expected to […]

Arab states should pursue nuclear development

Rather than the Arab states being afraid of the Iranian development, they should welcome such development, and see it as a door for cooperation on nuclear issue for them as well. Why the Arab states have not developed advanced nuclear technology can be regarded as example of poor policy decisions. The Arab position has been […]

Gordon Brown: ‘The environment must be centre of policy worldwide’

By Gordon Brown For too long too many governments thought their objectives began and ended with economic prosperity and jobs. But I believe that the world needs a new paradigm that moves the environmental challenge to the centre of policy. Over the next few days in America, starting at the UN, I will be setting […]

World energy talks seek to bring down oil prices

The world’s energy consumers and producers meet in Qatar on Saturday to explore ways of bringing down record oil prices that threaten consumer nations’ economies and oil demand growth. Few expect a quick fix…There is rare agreement among consumers and most producers that today’s prices are a danger to everyone as they near their inflation-adjusted […]

Chinese premier stresses energy saving

Chinese Premier Wen Jiabao has called for effective measures to ensure the implementation of the government’s energy saving policies. Speaking at a meeting on energy development on Thursday, Wen said energy saving deserves equal attention to that on energy exploitation, and should be regarded as one of the country’s foremost tasks… Though the nationwide energy […]

Global economy on high alert as oil sizzles

Oil prices have just set yet another record They have been soaring for years without stunting global economic growth, profits or share prices, and without stoking high inflation. So far so good, but for how long? As oil topped $72 a barrel on Tuesday, some economists began to ask again if the latest spurt in […]

An oil slick on the road for Asian consumption

Asian consumers have taken four years of rising oil prices largely in their stride, but this resilience is being put to the test as the price soars above $70 once more, raising worries about sustained high energy costs. The difference between now and the last time oil climbed above $70 a barrel, in August 2005, […]

Oil patch labour crisis seen spreading to rest of country

Alberta’s severe and growing labour shortage has created an economic vortex that is drawing in workers — and driving up wages — across Canada, confronting any industrial project with dramatically higher costs, the head of Husky Energy Inc. warns. John Lau, Husky’s president and chief executive officer, said his company has felt those labour pains […]

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