Playing the oil card

Iran and the U.S. agree on one thing: Oil is the ultimate weapon. NEW YORK – Washington and Tehran don’t agree on much these days. But in their conflict over Iran’s nuclear program, both seem willing to use oil as a political weapon. The U.S. believes that sanctions on Iran’s energy exports might force Tehran […]

Homeowners hit by rates bill hike

BELFAST – Ulster households are facing financial hardship as predicted higher rates bills start to arrive through letterboxes across the Province. Many have been left struggling to make ends meet following hikes of up to Alongside escalating fuel prices and pending water charges next year, many homeowners are being left crippled by domestic bills. East […]

County road projects get less-than-expected funding

CALIFORNIA – If you drive a lot, keep those books on CD handy. Fewer state funds than expected came through this year to help ease the gridlocked highways and roads in Santa Cruz County. But if you’re a cyclist, you might just pop a wheelie in celebration. State dollars should arrive for every bike project […]

Project Energy: Better Fuel Efficiency?

Drive wherever, whenever and whatever we want. That’s the American way. But there’s mounting proof that our love affair with the car threatens our national security and the health of our planet. Steve Meyers wants to do something about it. He Now he

DNO tees up Iraqi oil production

Shares of Norwegian oil firm DNO jumped more than 10% on Monday amid optimism it will start pumping crude in Iraq. DNO said that if tests go well, it should start production at its Tawke field in northern Iraq early in 2007. In mid-morning trading, the stock was trading at 54.50 crowns, valuing the firm […]

Ready for $262 a barrel oil?

Be afraid. Be very afraid. That’s the message from two of the world’s most successful investors on the topic of high oil prices. One of them, Hermitage Capital’s Bill Browder, has outlined six scenarios that could take oil up to a downright terrifying $262 a barrel.http://money.cnn.com/2006/01/27/news/international/pluggedin_fortune/index.htm

IEA lifts need for OPEC oil in 2006

LONDON – OPEC will need to pump more oil than previously expected to meet rising world demand and cover a shortfall from other producers such as Russia, the International Energy Agency said on Wednesday. The agency, an adviser to 26 industrialized countries, also said it expected no early resolution to concerns over Iranian supply and […]

Driving won’t be cheap this summer, but gas prices may fall as it gets hotter

WASHINGTON If realized, the average summer gasoline price would be the highest on record, not adjusted for inflation. The EIA defines summer as April through September, so the average price reflects six months of prices. The nationwide average price for a gallon of regular gasoline has already hit $2.68, up 40 cents from a year […]

Clinton calls biofuels key to creating jobs

Former U.S. president Bill Clinton took dead aim at his successor in the White House at a major business conference here yesterday, saying the key to prosperity in the future lies in fighting global warming. And it can be done for a lot less than the cost of the war in Iraq, he says. “The […]

Reply to Cobb’s article on net energy

I am not sure what audience Kurt Cobb was writing his article for, but I think most Energy Bulletin readers would have found little difficulty in accepting the critical importance of what Cobb calls “net energy” to the world’s energy future. However it should be noted that net energy is a notoriously difficult figure to […]

Utilities chiefs outline energy fears

Security of gas and electricity supply has become the biggest concern for executives in the utilities industry, according to a global survey by PwC, the professional services firm. Fear of supply disruptions was greatest in Europe, where almost half of the utilities executives surveyed said power cuts or interruptions in gas supply were more likely […]

Russian energy minister discusses gas projects with Mitsubishi

Russia’s industry and energy minister has discussed natural gas and electric power projects with representatives of Japan’s Mitsubishi Corporation, the ministry’s press service said Tuesday. Mitsubishi representatives said they were interested in the development of oil and gas fields in Russia and LNG supplies to North America. Viktor Khristenko said the corporation’s experience and potential […]

Transport and energy bills threaten Scottish economy

Higher bills for transport and energy threatens Scotland’s economic growth, according to the latest economic survey. The Scottish Chambers of Commerce reports that tourism is up and manufacturing and construction reflects a slight improvement. But looking ahead, most sectors are more cautious and everyone in the High Street, except the big retailers, is less optimistic […]

Ready for another energy crisis?

Soaring demand is pumping gas prices sky-high and has left America poised for a major fuel crisis this summer, watchdogs said yesterday. An industry expert warned any supply breakdown could trigger shortages more drastic than the aftermath of last year’s devastating hurricane season, which crippled Gulf Coast pipelines and caused prices at New York pumps […]

Big Oil makes big push in campus recruiting

University of Texas senior Thuan Phan switched majors from computer science to geological sciences, figuring the field trips would make it more fun. Now his degree turns out to be lucrative, too. “Big Oil” has been doing some big recruiting on U.S. campuses this year — as have many smaller companies in the petroleum and […]

Chad’s oil creates more problems than it solves

In just under 30 months, Chad has become a typical oil-producing, African country, with allegations of rampant corruption, an ongoing fight with the World Bank and a burgeoning rebellion along the eastern border while the population remains dirt poor. Chad was touted by many for having a model oil program when the central African country […]

Audit shows lost Nigeria oil taxes

An audit of Nigeria’s oil industry has found giant gaps between the amount of tax that firms say they paid and what authorities say they received. The discrepancies – totalling hundreds of millions of dollars – have been discovered by a government-backed anti-corruption agency.BBC

A Political Minefield in Venezuela’s Oil Fields

In the uneasy world of petroleum politics, fears that Venezuela will nationalize its oil industry may not rank at the moment with possible war in Iran or civil unrest in Nigeria. But Venezuela’s recent actions directed at foreign energy companies are contributing to oil’s relentless march toward record prices… worries that Venezuelan President Hugo Chavez […]

Catfight!

Writing on a private company blog directed at journalists and analysts, Chrysler’s head spokesflack Jason Vines aimed the big guns at Big Oil: Despite a documented history of blowing their exorbitant profits on outlandish executive salaries and stock buybacks, and hoarding their bounty by avoiding technologies, policies and legislation that would protect the population and […]

Peak Oil and Alternative Energy

I read “Planning, policy, strategy and energy (part I)” today at the Energy Bulletin, where the author discussed two books about peak oil, energy usage, and human ingenuity. I am currently in the camp that believes that the Kunstler, the author of “The Long Emergency” is accurate, with an eventual spiral into small towns, and […]

America 2025: Electron Drive

An automotive visionary explains why fuel cells really will take on internal-combustion engines. It’s a hydrogen-powered “mobile lounge” with swivel seats that out-swanks earlier limos. The electronically controlled tinted windows provide privacy when desired. No, you can’t buy one. Like several cars on the following pages, this Volkswagen concept was sketched for a January 2005 […]

Solar Energy

The worldwide solar market grew from $8.3 billion in 2004 to more than $12 billion in 2005, according to CLSA Asia-Pacific analyst Michael Rogol. Mr. Rogol expects the market to top $16 billion this year and $40 billion in 2010. Oakland, California-based research firm Clean Edge sees solar taking a more gradual curve, but still […]

Saudi Arabia Prince Reiterates Oil Plans

Saudi Arabia plans to increase its crude oil production capacity to 12.5 million barrels a day from about 9.5 million barrels a day, the kingdom’s Crown Prince said Tuesday. The kingdom is keen on “stabilizing the market in order to support the development of the world economy,” said Prince Sultan bin Abdul Aziz Al-Saud at […]

The Secret Oil Sands

With attention focused on Alberta resourceinvestor

Turning coal into liquid fuel

And Denver-based Rentech Inc. aims to be at the forefront of a unique alternative technology. The process would allow the company to convert gas – squeezed out of Colorado’s abundant coal – into ultra-clean diesel, naphtha and jet fuel. That has never been done in the United States, and Rentech wants to be the first […]

Japan JMD, China Co Ink Largest Carbon Credit Deal-Xinhua

Japan’s JMD Greenhouse Gases Reduction Co. and a Chinese chemical plant have agreed on the world’s largest greenhouse gas discharge reduction and carbon credit deal, China’s official Xinhua News Agency reported. Under the agreement, JMD and state-owned Zhejiang Juhua Co. (600160.SH) will establish a Clean Development Mechanism, or CDM, project under the Kyoto Protocol to […]

Renewable Energy Bill Introduced in U.S. Senate

Senator Conrad introduces bill to extend solar, wind tax credits, other renewable energy provisions With energy independence and renewable energy development a legislative priority for Congressional leaders, the introduction of another renewable energy legislative proposal made its way to the Senate floor last week. Senator Kent Conrad’s (D-ND) bill, called Breaking Our Long-term Dependence (BOLD) […]

GM Announces First Production Passenger-Car Hybrid: Saturn Aura Green Line

At the New York Auto Show, GM is unveiling the all-new 2007 Saturn Aura mid-size sedan, based on last year greencarcongress

US EIA Expects Summer Gasoline Prices 11% Higher than Last Year

In its just-released Short-Term Energy Outlook (STEO), the US Energy Information Administration predicts summer gasoline prices in the US will average $2.62 per gallon greencarcongress

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. “A variety of […]

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