Sustainability is good business

SUSTAINABILITY is not just about being green, it will help the bottom line for owners and occupiers ready to embrace the technology. That’s one of the key results of the white paper Assessing the Value of Sustainability, presented at a sustainability forum in Melbourne by Jones Lang LaSalle national director of sustainability and engineering services, […]

Air NZ in a spin over jet fuel rises

AIR New Zealand is considering fare increases and deeper job cuts as fuel costs rise and hedging contracts expire. Chief executive Rob Fyfe said jet fuel prices in Singapore rose to more than $US79 a barrel this week, nearing a six-month high. “If jet fuel prices stay at current levels then the benefits of our […]

Saudis struggle to cope with oil thirst

The world’s only oil superpower boosted output last month, launching a pair of projects that are part of a massive $55 billion endeavor to keep pace with the world’s ever-intensifying thirst for oil. But demand for the world’s premier source of energy is rising so fast azstarnet

Vietnam scraps import tax as oil hovers above $65

Vietnam has scrapped import tariffs on petroleum products following a recent global surge in prices. The Ministry of Finance announced Wednesday it would be applicable for importers making customs declarations starting April 7. However, it did not say anything about possible changes in retail prices. Leaded and non-leaded gasoline, aircraft fuel, solvents, naphtha, reformate, diesel, […]

Oil seen topping $80 a barrel

Crude oil is set to rise above the $80 a barrel level in the next few months as output tails off, maintaining energy’s role in a continuing commodity bull market, a hedge fund manager said on Wednesday. “In the next few months we will see oil above $80, as it has passed the peak of […]

US Senators edge toward carbon cutting consensus

US Senators have made baby steps toward introducing federal carbon caps on the back of evidence from industry. Bizarrely, some electricity firms pleaded for the politicians to speed up the process. Ironically, the front-running regime emerging from Tuesday’s hearing is a Kyoto-aping ‘carbon market’, where overall emissions are capped, but firms can trade their rights […]

Central Asia: Region Looks To Fuel Asia’s Economic Boom

Under the terms of the agreement, Turkmenistan will supply China with 30 billion cubic meters of natural gas a year, starting in 2009. The 30-year deal was another reminder that the growing economies of Asia will require new energy sources. And Asian economic powerhouses like China, India, and even Japan and South Korea are increasingly […]

Global Warming Legislation Should Take Economic Approach

On the day of Senate hearings into global warming legislation that will feature industry representatives of some of the nation’s largest electric utilities as well as several environmental activists, National Center for Policy Analysis (NCPA) Senior Fellow H. Sterling Burnett issued Congress a warning: “Be careful of the economic backlash a preventative strategy to global […]

The ASPO newsletter for April is now available

Articles include:

ExxonMobil’s Hidden Message

Decoding the IEA

An Updated Depletion Model

The Last of the Khans

US Military Recognizes Peak Oil

CNN Broadcasts a Film on Peak Oil

and more.

ASPO (PDF)

Active 2006 Atlantic Hurricane Season to Be Less Busy than in 2005

While the 2006 Atlantic hurricane season is still expected to be “very active,” the good news is it is not expected to rival the ferocity of last year’s record-setting season, according to Colorado State University’s Tropical Meteorology Project (TMP), headed up by respected researchers Philip J. Klotzbach and William M. Gray. Reiterating their position on […]

Inflation to follow fuel prices in Jordan

To pave the way for its decision to raise fuel prices, the government told the public and the trading community that it will impose strict control over the markets. It warned businesses against exploiting the hiking of fuel prices to raise the prices of other commodities, whether or not their cost will be affected by […]

Alberta Drought Forecasted

The Globe and Mail is reporting that Dr. David Schindler and collaborator Will Donahoe have published a study in the Proceedings of the National Academy of Sciences. The Globe predicts that the prairies, and Alberta in particular, are headed back to the dustbowl-type climate of the 1930s. Research into tree rings and algae deposits in […]

Clean Energy and Energy Efficiency Solutions

We have the potential to produce almost all of our electricity from clean energy sources. Today, we have the technology and the know-how to move beyond our dependence on polluting power plants by using clean, safe, and affordable renewable energy. By harnessing renewable sources of energy like the sun and the wind, we can transform […]

James Woolsey, hemp advocate

“I think there are good arguments for peak oil” Industrial hemp has an unlikely new champion: former CIA director James Woolsey. Woolsey sees a link between the need to end America’s oil addiction and hemp’s potential as a source of renewable energy. He said so when he visited my hometown of Kalamazoo, Michigan last weekend […]

Benefits of the long view

…I was recently in Brazil and my business discussions reminded me of how important it is that countries and their leaders (political, business, religious and others in civil society) take the long view. Today, Brazil is the leading exporter of ethanol and is leading the drive to make this renewable source of energy an easily […]

Aviation officials imagine planes flown by hydrogen power

Capt. Jim Muldoon, an Air Force liaison to the U.S. Army’s Tank-Automotive Research Development and Engine Center, said hybrid engines are used in military Humvees, and have been field tested in aircraft and other Army vehicles. The world’s two largest commercial aircraft makers, Airbus S.A.S and the Boeing Co. are “looking at fuel cells right […]

Iran vows that oil prices will not go down

We’ve been discussing the possibility of some form of war or conflict with Iran repeatedly, and the oil markets have certainly taken notice of the “increased chatter” on that topic. Together with the ongoing unrest in the oil producing provinces of Nigeria, the market was unpleasantly surprised by the test by the Iranian Navy of […]

China to close small coal mines

The Chinese government has announced it will shut down all small coal mines by the end of 2007, as it tries to encourage smaller mines to merge with larger, supposedly more safety-conscious ones, state media reported Wednesday… China is the world’s biggest coal producer and consumer. It also has the world’s deadliest coal mines, with […]

The Big Melt Coming Faster Than Expected

Beaches, islands and even continents are shrinking as ocean levels rise ever higher due to the accelerating meltdown of the world’s glaciers and polar ice due to climate change. Many of the world’s major cities, including Bangkok, London, Miami and New York, could be flooded by the end of the century, according to a new […]

Petroleum Review’s Megaprojects update for April

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 “Prices holding steady, despite massive planned capacity additions” and can be downloaded above. The list has become more […]

Ch

President Hugo ChSun-Sentinel

A Web of oil intrigue: Rumored Iran plan has blogs breathless

Iran does, in fact, want to create an oil exchange. The petroleum-rich republic has pursued the idea, off and on, for years. The bourse would rival the New York Mercantile Exchange and International Petroleum Exchange in London — the twin centers of the oil-trading world. But it’s far from clear that the effort will take […]

Plan introduced to address oil price hikes

BEIJING, April 5 — The central government has adopted a comprehensive and coordinated oil price readjustment plan to counter the effects of international oil price hikes. In a Xinhua News Agency report on March 26, officials with the National Development and Reform Commission (NDRC) explained the main points of the plan. .. the price differential […]

BP’s Production Falls in Q1

BP said its production of oil and gas fell in the first quarter of the year compared to the same period last year, but it signalled a pickup in its refining business. The world’s second-largest listed oil company by market capitalisation said in a statement on Wednesday that it produced 4.025 million barrels of oil […]

Energy Not Finished Yet: CIBC

Globe and Mail

Think Globally, Eat Locally

This woman told a crowd in New Haven Tuesday to think about what they had for lunch — and told them how that will change as oil production peaks. New Haven has four farmersNew Haven Independent

Hybrid Cars Won’t Put Users on the Road to Big Savings

Driving a hybrid car seems like a good idea. Because hybrids run partly on electricity, you’ll spend less on gasoline, help the environment and do your part to cut American dependence on foreign oil. But is buying a hybrid car a smart spending decision, based solely on the dollars?South Florida Sun-Sentinel

Lack of Staff and Equipment Hit Oil Output

Efforts to boost global oil and gas production are being held back by shortages of equipment and staff and by soaring costs. The energy services sector, which provides everything from drills to submersible pumps, lacks the resources to meet the needs of oil and gas groups, forcing up price inflation in some parts of the […]

Ireland May Need Nuclear Power – Forf

The State agency, ForfRTE News

Backing from Wind Energy Association

The New Zealand Wind Energy Association says the Government could still meet its renewable energy targets for 2012 if it allowed network companies such as Eastland Network to develop wind farms. The Government announced last week that it would need to update the national energy and efficiency strategy because its targets looked unlikely to be […]

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