Rising fuel prices has domino effect

TROY, NEW YORK – With the usual spike in fuel costs stemming from an exodus of vacationing families more than seven weeks away, some are alarmed at what appears as a premature and significant hike in prices. In New York state, regular unleaded gasoline costs an average of $2.71 per gallon, an increase of 10 […]

Energy Alliance Urges Congressional Action to End U.S. Energy Crisis

Seeks Access to Abundant U.S. Energy Supply WASHINGTON — A broad alliance of consumer, industrial and institutional energy users today called on Congress to act on pending proposals to provide greater access to the abundant U.S. supply of energy on the Outer Continental Shelf (OSC) as a way to address the current U.S. energy crisis. […]

New urban future focus of conference

Strategies for reviving cities are hot topic at architect’s conference …Terrence O’Neal, the president of the architecture group’s New York chapter, said stopping sprawl was especially timely now. “You know the energy crisis?” he asked. “It has a lot to do with the energy crisis.” Designing communities where people can go about their daily lives […]

Fuel prices stay put, Indian Oil suffers

MUMBAI, INDIA: Indian Oil Corporation is likely to take a hit of Rs 2,224 crore this month, as retail prices of various petroleum products, including liquefied petroleum gas (LPG), kerosene, motor spirits (MS) and high speed diesel (HSD), have not been revised. Last fiscal, IOC and its subsidiary, IBP, had reported a combined shortfall of […]

”The War Is Bad for the Economy”

Nobel Prize winning economist Joseph Stiglitz, 63, discusses the true $1 trillion cost of the Iraq conflict, its impact on the oil market and the questions of whether the West can afford to impose sanctions on Iran. SPIEGEL: Professor Stiglitz, at the beginning of the Iraq war, the United States administration was hoping to almost […]

Natural Gas Exploration Off Virginia Beach Debated

RICHMOND — With its sandy coastline, summer beach houses, lush marshes and panoramic views of the Atlantic Ocean, Virginia Beach has been a magnet for surfers, sunbathers and anglers for decades, luring millions of tourists each year. Now, the General Assembly would like to see the waters miles off the city’s shore act as another […]

Lights out over Carpinteria

Residents, businesses wrestle with frequent power outages CALIFORNIA – Citing health and safety dangers, frustration, and just plain inconvenience, many people who work and live in Carpinteria have expressed dismay over a recent string of blackouts in the last month and are putting the blame on electric company Southern California Edison. Most recently, on March […]

Consumers must work with oil powers to tackle crisis

PARIS – World oil powers are the first line of defence to combat an energy crisis, but consumer nations, led by the International Energy Agency, must develop a new role as their allies, experts say. Set up in the 1970s as a counterweight to OPEC, then at the height of its influence, the IEA now […]

Peak oil and lifestyle: Ready for a transition?

An ongoing environmental concern regarding peak oil is that it will be used to justify getting more energy now regardless of human and environmental costs. If a temporary surge in energy supplies and lower prices occurs and increases consumption, it will make the transition to a sustainable energy system all the more difficult. We will […]

Iran hypes war games in Gulf oil corridor

TEHRAN – The head of Iran’s elite Revolutionary Guards played up the significance of its war games in the narrow neck in the Gulf through which two-fifths of the world’s oil trade passes. “The importance of the … maneuvers lies in the time and geographical place they are happening as well as the arms used,” […]

Crude Oil Advances a Second Day After U.S. Refiners Produce Less Gasoline

Crude oil rose for a second day in New York to trade near a nine-week high, after a report showed a drop in U.S. gasoline supplies before the summer driving season. Gasoline supplies fell by 4.4 million barrels last week, the U.S. Energy Department said yesterday, more than twice the drop analysts surveyed by Bloomberg […]

Government will build four biofuel plants

The government plans to build four biodiesel plants in Kalimantan and Sumatra this year to promote the wider use of non-oil-and-gas alternative energy in the country…”The total production of the four plants will be small as they are just pilot projects, but we expect it to eventually expand, with private investors becoming involved as demand […]

Wind farm rejection baffles wind energy industry

The wind energy industry is bewildered by the Federal Government’s decision not to approve a wind farm in Victoria’s South Gippsland. The developer, Wind Power, is considering legal action. Despite state approval two years ago, an application to build 52 turbines at Bald Hills near Tarwin Lower in south-east Victoria has been knocked back because […]

China and our energy

Among the three pacts on energy cooperation signed between Russia and China during President Vladimir Putin’s Beijing visit last month, Moscow’s willingness to export up to 80 billion cu. m. of natural gas to energy-hungry China has caught the global energy community’s attention. Russia has immense importance on the global market, with the largest reserve […]

Nigeria: Niger Delta . . . Long Walk to Peace?

The Niger Delta region of Nigeria has become a major issue of national discourse. With the release of all the hostages taken by MEND, what happens next? Will the Federal Government see reason and accelerate development of the area? For 37 days, the nation came under global attention, not for any technological breakthrough, but because […]

Do nothing? You cannot be serious

Climate change sceptics want more evidence. But this is a completely irrational view “What would Jesus Drive?” is my favourite American bumper sticker, an unbeatable combination of earnestness and hypocrisy. If Jesus is a New Puritan, He presumably pedals a bicycle, revelling in slowing everybody down. If He is a Crunchy, he must drive a […]

ADB warns of slowing growth in Asian economies

Growth in developing Asian economies was expected to slow slightly over the next two years, reflecting the impact of higher oil prices and rising interest rates, a report by the Asian Development Bank warned. The Bank said in its latest Annual Development Outlook, published on Wednesday: “Against the backdrop of favourable global conditions, of marginally […]

The Peak Oil Crisis: Looking Through The Peak Oil Lenses

Once a person assimilates the idea that peak oil and its consequences are imminent, it radically changes one’s world outlook. Nearly every issue one confronts will be affected by peak oil. In the last 100 years, oil has become so pervasive in our civilization that few issues or individuals will be immune to the reduced […]

Iran Military Hints at Straight of Hormuz Blockade

The Supreme Commander of IranIran Focus

The Six-Stroke Engine

Under the hood of almost all modern automobiles there sits a four-stroke internal combustion engine (ICE). Though the efficiency of the design has been improved upon significantly in the intervening years, the basic concept is the same today as that used by the first practical four-stroke engine built in the 1870s. During every cycle in […]

Major Public Concerns in the U.S. Shift Dramatically

Americans have suddenly become very concerned about the country’s dependence on foreign energy, according to the Public Agenda, a non-partisan public policy research organization. This is the Public Agenda’s second edition of a report, Public Agenda Confidence in U.S. Foreign Policy Index , released on March 30. Epoch Times

Petroleum Review April 2006 Megaprojects Update

Here are some notes on the report, from Matt Mushalik: Chris Skrebowski, ASPO member and editor of Petroleum Review has presented his latest update of Megaprojects, a list of oil fields planned to come on stream in the next years, now up to 2013. It is entitled Petroleum Review, Sydney Peak Oil via EnergyBulletin.net

OPEC March Oil Output Drops

OPEC oil output fell 180,000 barrels per day in March as attacks on Nigeria’s oil industry left the members bound by formal supply limits pumping at the lowest rate this year and below their 28 million bpd ceiling. Output from the Organisation of the Petroleum Exporting Countries averaged 29.55 million bpd in March, down from […]

Tesoro CEO Sees No Demand Dropoff for Gas

WASHINGTON – The head of one of the country’s largest independent refining companies said Wednesday he would not expect $3-a-gallon gasoline to cause a major dropoff in demand this summer. American consumers “have accepted a little higher price,” Bruce A. Smith, chairman and CEO of San Antonio-based Tesoro Corp. said in an interview, emphasizing that […]

George Clooney and Julia Roberts Go Green for Vanity Fair

The magazineFametastic

Oil Prices Rise Above 67 usd on Further Gasoline Stock Draw Downs

The US Energy Information Administration said crude stocks gained 2.1 mln barrels last week, bringing them to their highest levels in 7 years. Market expectations were for gains of around 1.1 mln barrels in crude. However, the agency also said gasoline stocks lost 4.4 mln barrels while distillate supplies fell by 2.6 mln barrels. Market […]

Budget issue may affect bill-paying program

TENNESSEE – President Bush has authorized increased funding for low income household power bills, but Congressman Bart Gordon says the money is from next year’s budget, thereby threatening the program next winter. About 550 households in Bedford County have had energy bills paid through the Low Income Heating and Energy Assistance Program (LIHEAP). The residents […]

No Return to Abandoned Nigerian Oilfields – Source

Royal Dutch Shell and others have no plans to return staff to abandoned oilfields in Nigeria until there is a truce with militants who have attacked them, industry sources said on Wednesday. Nigerian Minister of State for Petroleum Edmund Daukoru, visiting Algiers, repeated his expectation that Shell would resume production at its abandoned EA oilfield […]

Gasoline Shortage Hits Central Texas

As many as 60 Valero Energy stations in the Dallas area ran out of fuel Sunday as the company struggled to deal with a shortage of tankers to supply the stations. The problem with Dallas gas stations began when a Valero competitor’s terminal, where tankers fill up, ran out of reformulated gasoline, which is required […]

Africa urged to reap its alternative energy

AFRICAN countries should take full advantage of businessday

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