Rumors Rampant: Next-Gen 94MPG Prius by 2008?

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Chrysler Executive Rips Oil Industry

A DaimlerChrysler official says major oil companies are greedy and indifferent toward the environment. Jason Vines, vice president for communications at DaimlerChrysler’s (DCX) Chrysler Group, blasted the oil industry on the company blog www.thefirehouse.biz that is available to journalists and analysts.USA Today

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. MSNBC

Venezuela and Cuba Expand Oil Cooperation

The governments of Cuba and Venezuela have signed an agreement to re-open a Cuban oil refinery in Cienfuegos and use it to refine Venezuelan oil. Voice of America and the BBC reported that the two nations plan to split ownership of the refinery’s assets and that re-opening the refinery will require an investment of up […]

Europe Urged to Curb Demand for Oil and Gas

The energy watchdog of the worldFinancial Times

Russia to Supply Less Oil Than Expected

Oil supplies from Russia will fall short of expectations over the next four years, adding to the supply concerns that have driven world oil prices to record highs this week. Claude Mandil, executive director of the International Energy Agency, told the Financial Times that expectations for growth in Russian oil supply were too optimistic and […]

Iran’s Oil Bourse: A Threat to the U.S. Economy?

While Iran’s nuclear program has become a major focus of the international media, there are many who strongly believe that the program is only a cover for the U.S. government’s true motive in a possible attack against Iran. What some analysts posit is the real concern for the United States is Iran’s plan to open […]

Report: OPEC Production Fell in March

Output last month from the world oil cartel`s 11 members, including Iraq, fell last month… ‘Even with oil prices well above $60/barrel, OPEC doesn`t appear to be trying to make up for the fall in Nigerian volumes, which supports the view that OPEC-10 production is constrained around the level of the 28 million b/d official […]

Russia Prepares Lunar Program to Recover Energy Resources

Russia is preparing to launch an ambitious lunar project which could provide access to alternative energy resources, a company involved in the project said Tuesday. “The lunar project is aimed at recovering resources such as helium-3,” said Nikolai Sevastyanov, the president and chief designer of leading Russian spacecraft-maker Energia. This isotope could be used to […]

The Oil Drum: On production rates and refinery capacity

There are a couple of points that are worth bringing forward from the comments over the past couple of days or so, and with your indulgence I would like to do this. The first is related to some discussion on the relative production of Saudi Arabia and the second comes from a comment that Robert […]

Speculators Pile Into Oil

If crude-oil production has peaked or is approaching a peak — an idea that has risen to the status of religious faith at Gristmill and other greenie blogs — one would expect the “smart money” (i.e., the speculator class) to snap up oil futures. And that is precisely what’s happening, according to today’s Wall Street […]

Rafsanjani: Iran Producing Atomic Fuel

Iran is producing enriched uranium from 164 centrifuges, influential former Iranian President Akbar Hashemi Rafsanjani told Kuwait’s KUNA news agency on Tuesday. President Mahmoud Ahmadinejad has said he would announce “good news” about Iran’s atomic program later on Tuesday. Media speculated he would announce the production of low-grade enriched uranium suitable for running atomic power […]

Coal plants

Environmentalists taking on utilities Proposed power plants in Kansas and Missouri have become targets of environmentalists who are fighting to halt a new wave of coal-fired units. Utilities have plans to build more than 130 power plants throughout the country, and at least eight of those are in Kansas and western Missouri, with two in […]

Brazil to help Japan with the ethanol industry

Brazil agreed Monday to help Japan develop the ethanol industry and thus reduce the country Both ministers agreed to share and exchange ethanol industry information and assess the possibilities of large-scale imports to Japan in the near future. Brazil is the largest ethanol producer in the world and the only major exporter of the fuel […]

Air Canada hikes domestic and transborder fares

MONTREAL Fares for flights within Canada were increased each way by $6 on short-haul flights up to 483 kilometres, $8 on medium-haul flights between 484 and 1,609 kilometres and $10 on long-haul flights of 1,611 kilometres or more. Base fares for flights between Canada and the United States were increased each way by $6 on […]

Book review: ‘The Long Emergency”

AUSTRALIA – There is a long tradition of books presenting an apocalyptic future, but most have turned out to be a little pessimistic, to say the least. Until now, that is. Suddenly, with global warming accepted as scientific fact and Peak Oil a commonly discussed subject, the future does appear somewhat tricky. James Howard Kunstler’s […]

Case for nukes leaky at best

ALBUQUERQUE, N.M., — With talk of an energy crisis and Iranian weapons common these days, the issues of nuclear power and nuclear weapons are as relevant as ever. A class action lawsuit was filed last month against a nuclear plant, the Braidwood Generating Station and its parent company, Exelon, for spilling millions of gallons of […]

Flip that switch: Schools save energy

CALIFORNIA – Bob Corsaro asked a few fifth-graders to hold thermometers on different sides of their classroom at Art Freiler Elementary School in Tracy on a recent chilly, rainy morning. The students told the energy management director of Tracy Unified School District that they all measured the room at approximately 73 degrees Fahrenheit. Corsaro radioed […]

Oil charges through $69 toward new record

LONDON (Reuters) – U.S. oil powered toward its $70 a barrel record on Tuesday, fueled by a mix of investment fund money, strong demand in the United States and China and threats to supply from OPEC producers Nigeria, Iran and Iraq. London Brent crude oil set a new all-time high of $69.70. U.S. WTI crude […]

With Big Boost From Sugar Cane, Brazil Is Satisfying Its Fuel Needs

PIRACICABA, Brazil In his State of the Union address in January, Mr. Bush backed financing for “cutting-edge methods of producing ethanol, not just from corn but wood chips and stalks or switch grass” with the goal of making ethanol competitive in six years. But Brazil’s path has taken 30 years of effort, required several billion […]

Further surge in gas prices expected

Wholesale gains are not yet fully reflected in pump prices With the summer driving season still more than a month away, gasoline prices have already started their seasonal climb

Qantas cries over oil price

Qantas Airways says further restructuring will be necessary as world oil prices stay high. Qantas chief executive Geoff Dixon today said the price of oil would stay very high for a very long time, and the company no longer thought oil prices would stay at $US60 a barrel. “We do not believe oil prices will […]

Tensions Brew Over Oil Exports

Winston Churchill once compared observing a Soviet power struggle to watching two dogs fight under a carpet. Much the same could be said for the latest twist in the tussle for control of Russian oil exports. The oil market was buzzing last week with news that two powerful oil officials in the world’s second-biggest petroleum […]

Nigerian Gas to Lead World Market

Indications are rife that Nigeria may rule the world gas market in the next four years (2010) when the Nigerian Liquefied Natural Gas (NLNG) Limited must have completed train 7 of its Bonny Plant. Managing Director and Chief Executive of NLNG, Mr. Chris Haynes said this at the just-concluded Oil and Gas Conference in Abuja […]

Uganda: Telecoms Take the Heat as Power Dwindles

For a while, it has mainly been darkness in homes and halved production capacity in factories: but now the nightmarish impact of the ongoing power shortages is inching troublingly closer to, perhaps, the most sensitive of all areas; communication tariffs. In interviews with officials from all the three telecommunications companies last week, the real depth […]

Climate Change Shattering Marine Food Chain

Vast swaths of coral reefs in the Caribbean sea and South Pacific Ocean are dying, while the recently-discovered cold-water corals in northern waters will not survive the century — all due to climate change. The loss of reefs will have a catastrophic impact on all marine life. One-third of the coral at official monitoring sites […]

Field of nightmares: A conversation with Elizabeth Kolbert

Over the past year, a perfect storm of scientific studies, dire weather events, and media coverage lifted global warming onto the mainstream national agenda. No writing had more impact than a series of closely observed pieces in The New Yorker by journalist Elizabeth Kolbert, which have now been collected and expanded into a book: Field […]

Oil Major CEO talks about ”the real problem of peak oil”

Christophe de Margerie, who is the head of exploration and production and the likely next CEO of Total, underlines a point that I have been making repeatedly: the oil majors are running out of opportunities where to invest. Their investment budgets are stable or slightly increasing, but in a context of skyrocketing prices for a […]

Biofuel Benefits Go Beyond Environment

Climate change and energy security priorities have created a policy framework that will produce a rapid expansion of the biofuels market, despite marginal economics… The development of the biofuel industry is likely to prove rapid as government incentives drive forward what is still only a marginally economic product. There are three reasons behind this:Forbes

Project Energy: Our Oil Addiction

When humans first harnessed energy, it was fire, and the fuel was wood. Industry began to develop when man found coal. And the society we know today developed when we found oil. Economical, accessible and seemingly endless wcco.com

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