The crisis at Delta: One pilot’s point of view

Skyrocketing fuel prices, along with senior executives who have made a series of questionable business decisions, have taken Delta Air Lines Inc. — a company once considered a diamond in the industry — to the brink of extinction. Executives from Delta Air Lines and lawyers representing the pilots union recently wrapped up their presentations to […]

Aramco Discovers New Gas Field; Kingdom Plans Mega Petrochem Projects

RIYADH – Saudi Aramco the world’s largest oil corporation has discovered a new gas field in the Saudi territorial waters in the Arab Gulf, this was announced by minister of petroleum and mineral resources Ali Al-Naimi. According to al-Naimi, on April 15, 2006, gas poured out of Karan well, about 160 kilometer north of Dhahran […]

A real energy market

Everyone “obsesses” about energy security these days – whether it is America’s concern that its dependence on specifically Arab oil is politically unsafe, or commercial fears of India and China in relying on so much imported energy to fuel their huge growing economies, or the wider worry about the climatic risk of fossil fuels. In […]

Ministry to Restrict Car Use Over Iran Crisis

Car use, and air conditioning in buildings will be restricted in order to reduce oil consumption, if the United Nations embargos Iran’s oil exports as part of sanctions against its nuclear program in May, the Korean government said Monday. The Ministry of Commerce, Industry and Energy announced a three-level energy saving measure amid concerns the […]

Anti-nuclear activists call for cuts in energy consumption

The US and Europe have to change their energy-guzzling ways and develop renewable sources of electricity, anti-nuclear activists argued on the weekend after staging a big protest in western France. More than 12,000 demonstrators filed through the town of Cherbourg on Saturday in opposition to a new-generation nuclear reactor France is planning on building in […]

Blood and oil in Nigeria

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 Niger Delta – MEND – announced last week to all who would listen that it was planning new violence against oil […]

Oil frenzy fuels threats to economic stability

While western countries have so far managed to avoid recession despite a trebling of oil prices, economists fear the surge is fuelling imbalances in the world economy and increasing the threat of a financial crisis… “The likelihood of a bond market crash has increased considerably in recent months and there is a joint risk of […]

Indonesia wants OPEC to pump more to lower oil price

Indonesia wants the Organization of the Petroleum Exporting Countries (OPEC) to bring down oil prices by pumping more crude, the country’s OPEC governor said on Monday. ..Qatar’s oil minister Abdullah al-Attiyah said on Monday that OPEC would likely maintain its current output levels for the rest of the year if global demand held steady.MQ7

BP set to pay record price for drillship

BP has agreed to pay more than $500,000 a day to secure the continued use of a drillship in the Gulf of Mexico. The price, a record rate for an oceangoing rig, shows how rapidly oil exploration costs are rising as the search for new fields hots up. From December next year, BP will pay […]

China’s 11th 5 year plan, Growth and Conservation?

The State Council has submitted the draft outline of the 11th Five-Year Plan for national economic and social development to the fourth session of the 10th National People’s Congress for deliberation. The outline was drafted according to CPC Central Committee proposal on the 11th Five-Year Plan for national economic and social development. Drawn to clarify […]

Kevin Phillips: America Under the Influence of Oil

As part of The Long View series of conversations on Morning Edition, author Kevin Phillips talks with Steve Inskeep about the influence of the oil industry.

Phillips is a former aide to Nixon whose new book American Theocracy examines the emerging Republican majority and where it is taking America.

npr.org

One Billion Cars

One billion. By 2020 or sooner, that’s how many cars and light trucks there will be on the road around the world. That’s one for every 6 1/2 people on the planet — and over 25% more vehicles than we have today. For auto giants General Motors Corp. and Ford Motor Co., racked by billion-dollar […]

G7 powers to meet as oil prices smash new highs

Finance ministers from the powerful Group of Seven (G7) club of nations convene here this week to tackle headaches posed by surging oil prices and global currency rates as China thehimalayantimes

Here come the hybrids

All of today’s fuel-saving models worthy of closer look, dealers say Editor’s note: A growing number of local car dealers are offering hybrids, fuel-flex and fuel-efficient cars. The following story does not seek to provide a comprehensive listing. Fuel-saving hybrid automobiles are driving Puebloans to area car dealerships. Also, motorists seeking better gas mileage but […]

The Last Word: Javad Zarif

Last Tuesday fiery Iranian president Mahmoud Ahmadinejad proudly boasted that his country had joined “the club of nuclear countries” after successfully enriching uranium. The move defied U.N. calls for Tehran to suspend its nuclear program, and came on the eve of an inspection visit by Mohamed ElBaradei, head of the International Atomic Energy Agency. Even […]

Fuel Economy Standards Could Downsize U.S. Foreign Oil Dependency

According to a study developed by Professor Daniel M. Kammen and his colleagues at U.C. Berkeley’s Renewable and Appropriate Energy Laboratory (RAEL), America could end the need to import fossil fuels from the Persian Gulf region by 2020! “Towards Energy Independence in 2025″ details immediate and long-term measures, basically increased fuel economy standards that, when […]

Coal-to-Diesel Breakthrough Could Cut Oil Imports

Professor Alan Goldman and his Rutgers team in collaboration with researchers at the University of North Carolina at Chapel Hill have developed a way to convert carbon sources, such as coal, to diesel fuel. This important advance could significantly cut America scienceblog

Limiting Global Temp Rise to 3

In an interview on the BBC4 Today greencarcongress

The Hydrogen Economy: a non-technical review

Hydrogen holds out the promise of a truly sustainable global energy future. As a clean energy carrier that can be produced from any primary energy source, hydrogen used in highly efficient fuel cells could prove to be the answer to our growing concerns about energy security, urban pollution and climate change. This prize surely warrants […]

Saudi Aramco boosts drilling efforts to offset declining fields

Saudi Aramco’s mature crude oil fields are expected to decline at a gross average rate of 8%/year without additional maintenance and drilling, a Saudi Aramco spokesman said Tuesday. But Saudi Aramco has taken a number of measures to offset a decline in output from the country’s aging oil fields, the spokesman added. platts

Renewable energy means business opportunities

Thomas Friedman, author of the best-selling book, chieftain

More nuclear power will not avert energy crisis, say MPs

A new generation of nuclear power stations will be unable to avert a serious energy crisis within 10 years, a committee of MPs said yesterday. In a scathing analysis of how Britain intends to generate power in future and of the way decisions are being made today, the environment audit committee urged the government to […]

China’s oil imports soar as auto sales hit record highs

China’s crude oil imports rose 25.3 percent in the first quarter of the year as vehicle sales also soared, official statistics show, putting further pressure on world oil prices. The announcement of China’s import figures came after the nation’s auto industry reported a record 1.73 million vehicles had been sold in the first quarter of […]

China’s growth tops 10% ahead of US talks

CHINATimes Online

Old Oil Wells Tipped to be Geothermal Power Source

Abandoned oil wells could generate enough electricity to power a city the size of Christchurch, according to a study from Crown research institute GNS Science. Temperatures at the bottom of about half of New Zealand’s 360 abandoned on-shore oil and gas wells are above the critical 80C needed to produce geothermal power, says scientist Agnes […]

The Shape of Things To Come

If you knew you were going to lose your job within the next five years, you might just go looking for another one today, not waiting to see exactly when you would be let go. But, if your job were very lucrative, and all you knew was that after five years your pay could be […]

Rocketing oil prices cause concern

…Oil, it seems, has toppled off the public agenda. But if consumers have grown complacent, that sentiment could not be more misplaced. Experts said that last week Usually spikes in oil prices occur in the summer and autumn, as the hurricane season in the United States hits production, and demand for fuel peaks with the […]

China worried over pace of growth

Chinese President Hu Jintao has expressed concern over the rapid speed of the country’s economic development. He said the Chinese economy had grown by more than 10% in the past year, but that such high growth was not an official target. He added the government wanted to pay more attention to improving the lives of […]

Fuel prices threaten city budget

Projections place costs 30% higher in 1 year …Not only has the city

Energy crisis looms large, Govt decides on cut for industries

Minister of State for Energy Saurabh Patel told The Indian Express on Friday that the one-day a week staggering on industries coming into force from tomorrow would help Guarat Urja Vikas Nigam Ltd (GUVNL) to maintain at least an eight-hour supply in the farm sector, so as to help farmres to save their standing summer […]

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