As China, U.S. Vie for More Oil, Diplomatic Friction May Follow

Think of next week’s meeting between President Bush and China’s President Hu Jintao as a summit of the planet’s most voracious energy user and the planet’s fastest-growing energy user. In a world of limited oil resources, that could strain U.S.-China relations as much as any issue.… “Saudi Arabia is taking a Chinese wife,” said Charles […]

Britain now ‘eating the planet’

The UK is about to run out of its own natural resources and become dependent on supplies from abroad, a report says. A study by the New Economics Foundation (Nef) and the Open University says 16 April is the day when the nation goes into “ecological debt” this year. It warns if annual global consumption […]

Oil prices likely to surge to new record highs

LONDON (Reuters) – An influx of fresh fund buying and geopolitical worries will most likely push oil prices to new record highs soon, analysts said on Tuesday, while the most bullish predicted prices to eventually climb to $100 a barrel. Supply concerns in Nigeria, Iran and other key oil-producing countries have ignited U.S. crude prices, […]

Chad to stop oil output if no World Bank deal

N’DJAMENA – Chad will stop its oil production from Tuesday unless it reaches an agreement with the World Bank to end a dispute over the use of oil revenues, a government minister said on Friday. “We will turn off the tap in a week if there is no agreement with the World Bank,” Human Rights […]

When will the U.S. lift restrictions on Russian uranium exports?

Russia is the world’s main provider of enriched uranium, and is likely to keep this position in the future, while the U.S. stubbornly upholds anti-dumping restrictions on the export of Russian uranium to the American market. …Uranium prices have doubled in the last two years. The world needs Russian uranium, and Russia should keep its […]

Bye-Bye, OPEC; Hello, Sugar

Do you know from where a growing proportion of your car’s fuel comes? Did you say Brazilian sugar cane and gooey Canadian oil sands? Spot on. And what about energy to heat homes, run factories, and light cities? It increasingly is supplied by those bad boys who run nuclear power plants. They are making a […]

Energy Crisis Likely to Cause Global Environmental Catastrophe

The global energy industry must reform fundamentally to move fast to avert the full impact of an environmental catastrophe that is already unfolding, spawning deadly consequences for human survival, according to report by the PriceWaterhouseCoopers. A result of a survey of 116 top executives at the world’s leading energy companies, the report released yesterday says […]

Fuel prices guzzling district budgets

…”Looking at the preliminary costs road repairs are going to be 30 percent higher than last summer,” said Washoe County Road Division Incline Station Supervisor Dick Minto. “We’re suffering just like everyone else. “The service level has to remain the same, we still have to repair and plow the roads, it just costs more.” Long-time […]

Caught between global warming and an energy crisis, Blair looks north for answer

Can UK be persuaded to follow the Finns and learn to love nuclear energy? It is an unlikely spot for a nuclear power station. In the bay, sea eagles patrol the sky. There is even the odd moose. But this rugged west coast of Finland, surrounded by forests and lichen-encrusted boulders, is to be home […]

Reserves of oil, its production, and its rising price

…For the past 30 years, the Organization of Oil Exporting countries (OPEC) has acted as a regulator of oil price, increasing production when prices got too high and reducing it to prevent the price from going too low. But demand has been rising too fast in the last two years. In 2005, the year the […]

Planning, policy, strategy, and energy (part III)

In Part I and Part II of this article, I discussed the concepts of planning, policy, and strategy and connected them with the phenomenon of Peak Oil. My goal was and is to promote thinking about what can be called a true “energy strategy.” (As opposed to the “What, me worry?” strategy that presently dominates […]

San Francisco Becomes First U.S. City to Pass Peak Oil Resolution

Campaign by Local Activists Persuaded Board of Supervisors of Looming Energy Crunch; Landmark Initiative Urges Development of The measure comes on the heels of an increasingly effective grass roots campaign by groups such as San Francisco Oil Awareness, Post Carbon San Francisco, and SF Informatics, who have sponsored mailings and meetings targeting Bay Area elected […]

Russia asks US court to stop YUKOS asset sale

MOSCOW – The supervisory manager of crippled Russian oil company YUKOS said on Friday he had filed suit in a U.S. bankruptcy court seeking to stop the firm’s London-based management selling a Lithuanian refinery. Eduard Rebgun, appointed by a Moscow court hearing a YUKOS bankruptcy case, said he had petitioned a Manhattan court under Chapter […]

A Slippery Outlook for Oil

Political tensions in Iran and Nigeria may crimp supply and send prices shooting back up. But if trouble is avoided, expect a drop Iran may be enriching uranium, but it ain’t enriching American drivers. The escalating dispute over Iran’s nuclear program has pushed the price of crude oil to nearly $70 a barrel, close to […]

Oil price adds urgency to review

Oil prices hit a new record of $70.20 last night as the government’s energy review, designed to help formulate energy strategy for the next 50 years, ended its consultation period. More than 2,000 written submissions have been sent to the Department of Trade and Industry which has canvassed the opinions of more than 500 energy […]

Oil price is global worry, says IMF

THE surge in oil prices to record levels has greatly worsened global economic imbalances and increased the danger that these will trigger world economic turbulence through a TimesOnline

US renews push for sanctions against Iran

America is to renew the push for punishing sanctions against Iran when world leaders meet next week to discuss the Islamic republic’s uranium enrichment programme.In a tacit declaration that three years of diplomacy led by the E3 group of Britain, Germany and France has failed, Condoleezza Rice, the US Secretary of State, said that Tehran […]

New Way to Make ‘Green Diesel’ from Coal

Scientists have improved the technique for transforming coal into “green diesel,” potentially making the process economically feasible to bring the fuel to a pump near you. ..”Many people in the energy sector think that when oil starts to run out, coal will be a source of transportation fuel for some time before we perfect the […]

Forget Computers. Here Comes the Sun.

T. J. Rodgers is surrounded by a sea of silicon wafers on the roof of his company’s headquarters in a Silicon Valley industrial park. No, not the ones that Mr. Rodgers, who founded Cypress Semiconductor in 1982, used to make high-speed computer memories or the newer specialized chips that go into iPods and high-end Mercedes-Benzes. […]

Gazprom’s Looming Crisis

Three months ago, the Russian energy giant Gazprom forced Ukraine to pay dramatically higher prices for natural gas. At the time, the story was portrayed as a political struggle for control in Kiev. But last week Gazprom announced it was tripling gas prices in Belarus, a country that is politically close to the Kremlin. Moldova […]

Oil politics fuels Chad violence

Chad is currently ranked in the bottom five out of nearly 180 nations rated by the United Nations in its annual human development index assessment. Yet the country has one major source of wealth – oil – and it has only started to be tapped in the last few years. The fighting in Chad is […]

Nuclear power is not energy solution, say MPs

A new generation of nuclear power stations cannot solve energy supply problems in the short term and crucial questions of security, cost and effectiveness remain unanswered, MPs will warn in a report to be published this weekend. The findings of the parliamentary environmental audit committee raise concerns over the risk of terrorist attacks, but also […]

Seoul Pushes for Energy-Saving Measures

Korean households will be turning off their computers when they are not in use and turning down their thermostats if they heed a governmental request. Businesses will also be looking for ways to cut back the energy they use. The Commerce, Industry and Energy Ministry said Thursday it will make more efforts to encourage companies […]

Hybrids take more energy to produce than large SUVs

Check out the Honda Accord or Civic or Toyota Prius hybrids and forget those big SUVs, the Chevrolet Suburban and Tahoe, GMC Yukon, Hummer H2, Ford Expedition, Cadillac Escalade or Lincoln Navigator. But while hybrids consume less fuel than SUVs, it takes more energy to produce the parts and components — especially the electrical system […]

How Can Energy Users and Investors Rely on Current Reserve Reports?

Energy consumers, politicians and investors are becoming increasingly concerned about the resources available to supply energy for our transport, industry and homes over the coming years. Across the globe, there are alarming inconsistencies and a lack of clarity and transparency in the way oil and gas reserve numbers are estimated and reported. These somewhat arbitrary […]

Get used to cost of petrol: IMF

COUNTRIES such as Australia that rely on oil imports must not cave in to public demands for petrol price relief, the International Monetary Fund warns. Consumers must be fully exposed to rocketing prices and learn to change their consumption habits, the IMF says in a report released today. The price of a litre of unleaded […]

North Sea oil hits record price

Crude oil prices hit an all-time high in London on fears of growing tensions between Iran, a major oil exporter, and the international community.Brent North Sea crude oil for delivery in June passed $70 per barrel on fears that the US could launch military strikes against Iranian nuclear sites. BBC

Chrysler to Launch First US Hybrid in 2008

DaimlerChrysler AG’S Chrysler unit, which has for years stayed away from hybrid vehicles and focused on diesel engines instead, will launch its first hybrid vehicle in 2008, the unit’s chief of product development said on Wednesday. “The hybrid Dodge Durango will be the beginning of a line-up of hybrid vehicles at Chrysler,” Frank Klegon told […]

China’s Hu heads to US on energy efficiency wave

Chinese President Hu Jintao may find his energy saving initiatives an unlikely source of pride during a visit next week to the United States, where he faces criticism over human rights and Beijing’s currency policy. The two countries are the world’s top oil consumers and emitters of greenhouse gases, but Hu has turned away from […]

IEA trims oil demand outlook

The International Energy Agency on Wednesday trimmed its global oil demand growth prediction for this year and said there was increasing evidence that surging petroleum product prices were crimping demand. The energy security watchdog for the 26-member Organisation for Economic Cooperation and Development also said in it latest monthly oil market report that “astonishing” growth […]

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