Angolan premier calls for strengthening of African oil producers’ body

Angolan Prime Minister Fernando da Piedade Dias dos Santos has called for the strengthening of the Association of Petroleum Producers of Africa (APPA) to make it a strategic institution, which is able to guarantee a solid union and pacification of African peoples. It is necessary to promote initiatives and common projects in policies and management […]

China’s thirst for oil grows

You can call mainland Chinese leader Hu Jintao’s tour of Saudi Arabia and Africa an energy journey aimed at securing energy to supply his country’s explosive economic development. Mainland China is already the world’s second largest consumer of oil, after the United States. .. But the mainland’s appetite for oil is bound to increase when […]

The price of oil, gas & ignorance

“Ignorance is the mother of devotion,” wrote Henry Cole in 1599’s “Disputations at Westminster.” And never have so many been so devoted to ignorance than in the escalating debate over gasoline prices. Let’s start with the prices themselves. The current per-gallon pump price for regular gasoline and a barrel of crude oil are not “record” […]

Sustainable Parallel Government Project

A sustainable parallel government is a location , or land, where a corporate organization owns all the means of production and is ideally self sufficient for all its needs including housing, energy, food, water, textiles, technology, employment, etc., creating an illusion of government.The ultimate goal is to invest effort, time and money to create a […]

Militants warn Chinese oil companies

Nigeria’s militant youths in the oil-rich Niger Delta on Saturday evening warned the Chinese government and its oil companies to steer well clear of the Niger Delta. The militants said on Saturday they had detonated a car bomb near an oil refinery in the city of Warri in the southern oil-producing Niger Delta. chinadaily

Geothermal Could Supply Over 30,000 MW by 2025

Geothermal resources could supply over 30,000 MW of power by 2025, the Geothermal Energy Association (GEA) told the Senate Energy and Water Appropriations Subcommittee today. This would meet 6 percent of today’s total U.S. electricity needs, and is equal to 100 percent of the electricity generated in California, Nevada and Idaho. GEA pointed to substantial […]

‘$100b Iran-China energy deal ready to be inked’

Chinese Ambassador to Tehran Lio G Tan has said that the oil and gas deal between Iran and China has been thoroughly studied by experts and is ready to be signed, MAN reported. In exchange for developing Yadavaran, one of Iran’s largest onshore oil fields, China would agree to buy 10 million tons of liquefied […]

Natural Gas Economy Is Losing Steam

On the brink of the 21st century, a group of energy experts peered into the future of natural gas, and what they saw was quite rosy – and quite wrong. To satisfy growing demand, producers could crank out a third more natural gas over the next decade at “competitive prices.” It could “power our economy” […]

Use Less Oil vs. Find More Oil (Part II)

First, it must be noted that when it comes to giving authoritarian regimes undue leverage and financing dictators — and possibly some terrorists as well — there’s widespread agreement that these consequences of foreign oil dependence are bad. The concern over them differs in intensity and semantics, but the general idea holds. Crystallizing the themes […]

China’s Crude Oil Production Growth Declined in Q1

China witnessed a declining growth on its crude oil production in the first quarter of this year, and the production volume of product oil, such as coal oil and fuel, also went down, while the production of natural gas accelerated during the period. The country’s crude oil production stood at 45.446 million tons in the […]

Gold, silver, oil bull markets now look frayed

Investments in gold, silver and other commodities should be causing a queasy feeling by now. After a boom that took the prices of many raw materials to the highest levels in 25 years, the commodities market seems to be entering its final, manic phase. Gut-wrenching price movements. Claims of paradigm shifts. A flood of overinvestment. […]

A Battle for Oil Could Set the World Aflame

International powers will do everything to protect their access to dwindling resources. We are mad not to have an alternative strategy The The Observer

How to shop for a fuel-efficient car

Keeping fuel economy in mind early can make a big difference. If you’re shopping for a more fuel-efficient car, you need to get a handle on what poor fuel economy really costs you. And you’ll need to take a hard look at what you actually need in a vehicle. If fuel economy is important to […]

Bomb explodes near Nigerian refinery

Militants say blast intended to ward off ‘Chinese oil thieves’ (CNN) — Nigerian militants claimed Saturday that they detonate a car bomb outside an oil refinery in Warri. A Nigerian army spokesman told the French news agency AFP that the blast caused no casualties and only minimal damage. A group calling itself the Movement for […]

Crude Slides on China Interest Rate Hike

Warning: Trying to access array offset on false in /var/www/peakoil.com/public_html/wp-content/plugins/random-image-widget/random_image.php on line 138

Warning: Trying to access array offset on false in /var/www/peakoil.com/public_html/wp-content/plugins/random-image-widget/random_image.php on line 139

Oil prices fell for the fourth straight session Thursday, this time after China announced a surprise interest rate hike. Starting Friday, the Chinese Central Bank will raise benchmark one-year lending rates to 5.85% from 5.58%, a move aimed at cooling the overheated economy. It will be the first interest rate hike since 2004. The surprise […]

Ford Talks Up Sustainability at LOHAS 2006

Yesterday, Ford Motor Companygreencarcongress

Pathways to 2050

Pathways to 2050: Energy and Climate Change builds on the WBCSD climatechangeaction

Shell unveils plans for ‘biggest refinery in US’

Anglo-Dutch oil group Royal Dutch Shell has announced plans to make its jointly owned Motiva refinery in Port Arthur, Texas, the biggest in the United States. Output would rise to 610,000 barrels per day, higher than the 557,000 barrels per day produced by the ExxonMobil facility in Baytown, Texas, the current biggest in the country. […]

New Oil Shock Ahead as $100 Spike Looms

The growing international crisis over Iran’s nuclear programme could trigger a catastrophic oil price spike, sending crude prices over $100 a barrel, senior Wall Street analysts are warning… A single political shock could be enough to send oil markets into panic, said Adam Sieminski, senior energy economist at Deutsche Bank in New York. ‘If we […]

Fossil-Fueled Worries

Global business leaders are looking outside the box for new energy sources. DonNewsweek

GOP tax rebate plan called costly, ineffective

For a nation “addicted to oil,” as President Bush put it, Senate Republicans have a proposal that can only be described as enabling: Put $100 back into the pocket of every taxpayer. The proposal, unveiled Thursday, has been roundly criticized not only by Democrats but also by fiscal conservatives who warn it will widen the […]

Russia to Form Gas Production Alliance With Algeria

A new business alliance is forming between Russia and Algeria, Africa’s largest gas producer. A visit to Africa later this year by Russian President Vladimir Putin is likely to cement ties with oil and diamond producer Angola as well. Gazprom, the dominant supplier of natural gas to northern Europe from Russia, and Sonatrach, the dominant […]

South Africa: Afrox Only Just Keeping Up With Demand for Gas

African Oxygen (Afrox), SA’s largest gas supplier, this week said it was only just meeting demand for the bulk gases it supplied to some of the country’s largest industrial operations. However, the group said there was no cause for concern about shortages. Afrox had sold “every molecule” produced by its bulk gases division in the […]

The real cost of a bag of salad

You pay 99p. Africa pays 50 litres of fresh water To you it is a bag of salad, dropped into the supermarket trolley with the weekly groceries. But to farmers in Kenya starved of the water extracted by large scale agriculture to grow it, it may spell destitution. The world is running out of water […]

G.E., Betting on the Future, Finances a Solar Farm in Portugal

The sheep that have long grazed on 150 acres of farmland in Serpa, Portugal, will soon have to share their space with the world’s largest solar energy plant. Next month the PowerLight Corporation, using $75 million of the General Electric Company’s money, will begin installing the first of what will be 52,000 solar panels, capable […]

Efforts aim to grow new energy

Warning: Trying to access array offset on false in /var/www/peakoil.com/public_html/wp-content/plugins/random-image-widget/random_image.php on line 138

Warning: Trying to access array offset on false in /var/www/peakoil.com/public_html/wp-content/plugins/random-image-widget/random_image.php on line 139

All across Asia, governments are searching for crops that can help them offset a dependence on imported oil that can only skyrocket as their economies soar. Palm oil and sugar cane are the dominant crops in the region, but everything from coconuts to castor oil to cow dung is being tested for fossil-fuel alternatives such […]

US seeks to limit Gazprom hold on Europe

The Bush administration is seeking to curb Moscow’s influence in the Caucasus and central Asia and weaken Gazprom’s growing hold over gas supplies to Europe with an effort to promote new oil and gas corridors that would bypass Russia and exclude Iran. But analysts are concerned that an overall hardening of US policy towards Moscow […]

Natural Gas Economy Is Losing Steam

Retired Yale economist Paul MacAvoy says price jerks and fuel crimps could soon rival California’s electricity nightmare of 2000-2001. “Everything that has gone wrong in electric power is going to go wrong with natural gas, unless we do something,” he says. “It’s just a few miles down the road.” Industry leaders say they’re trying to […]

Why oil money at this time?

for the sake of our broad land it is very important not to shed more blood for oil..The reasons may vary and exceed beyond its known boundaries, such as to gear up for some civil unrest, dispatch fresh clan based bandits called army/police and sometimes the newly discovered travel syndrome among the heads of the […]

Peak Oil for Saudi Arabia?

At yesterday’s Peak Oil presentation to Hamilton City Council, Richard Gilbert mentioned a little-reported event that may mark the day that the earth tipped past its oil production peak. Amazingly, a search of news reports turned up virtually nothing. I eventually tracked down the original report from Platts Oilgram News: Saudi Aramco announced on April […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy