Experts: Global Warming Behind 2005 Hurricanes

The record Atlantic hurricane season last year can be attributed to global warming, several top experts, including a leading U.S. government storm researcher, said on Monday. “The hurricanes we are seeing are indeed a direct result of climate change and it’s no longer something we’ll see in the future, it’s happening now,” said Greg Holland, […]

The Oil Drum: Record Oil Company Profits and High Gas Prices: A Connection?

There’s been some grumbling in the media about how Big Oil is gouging the public by charging record prices for gas while they reap record profits. No one can dispute that oil companies are doing really well. And certainly no one can dispute that gas prices are high. But is the connection as straightforward as […]

Conference To Discuss Peak Oil, World Oil Production, and Permanently Rising Ene

This week, over 50 national and local experts gather in NYC to discuss how the city and the country can prepare for higher energy prices, and begin our transition to a low-energy, sustainable society, while slowing global warming.Higher fuel prices are due to many factors, such as the supply / demand crunch, and instability in […]

Venezuela Oil Refinery Restores Operations

Venezuela’s Cardon oil refinery has restored more than 90 percent of its operations after a power outage that caused a shutdown more than a week ago, a state oil company official said Tuesday. The April 14 power outage disrupted operations at the refinery, which produces 305,000 barrels a day. But Alejandro Granado, the head of […]

Insurgents cripple Iraq oil sector – inspector

Insurgents have succeeded in crippling Iraq’s energy industry and the government has ignored calls for help in the battle against corruption and smuggling, the oil ministry’s inspector general said on Tuesday. “It has been going on for two or three years now without stopping. Actually it (the rebel campaign) has increased. They have always succeeded […]

Since when are our oil woes the fault of China?

Not all problems facing America are caused by oil

EU should look north for energy, Norwegian minister says

Increased extraction of oil and natural gas from the Barents Sea may provide Europe with its much needed energy, the Norwegian foreign minister Jonas Gahr Store has said.Ahead of a meeting with his Swedish counterpart in Stockholm, the Norwegian minister in a letter published in Swedish daily Svenska Dagbladet on Monday (24 April), sketched a […]

Europe ‘Overfed’ on Russia Oil

The head of Russia’s pipeline monopoly said in an interview published Monday that Europe was “overfed” on Russian oil and that a new oil pipeline to Asia would see a portion of supplies diverted from Europe. By diversifying its markets, Russia could raise the price of its Urals blend of crude for the ferociously competitive […]

Saudi Arabia Looks to Asian Markets

The lavish welcome Saudi Arabia accorded Chinese President Hu Jintao has become a hallmark of the overtures the kingdom now makes to Asia’s growing and energy-hungry economies as it seeks to diversify the market for its increasingly pricey oil. On Sunday, Hu responded to the gracious welcome by offering in a speech to the Consultative […]

On energy, bipartisan accord and gridlock, too

Democrats, Republicans joined forces on ethanol, blocking Alaska drillingWASHINGTON – YouMSNBC

Bush plan will do little to ease pain at the pump

No quick fix for high global oil prices, tight gasoline supplies With pump prices still rising, spot outages of gasoline cropping up in some East Coast markets, and proposed solutions gaining momentum in Congress, President Bush For starters, there is little the White House or Congress can do to reign in the price of crude. […]

FAO sees major shift to bioenergy

Pressure building for switch to biofuels 25 April 2006, Rome – Under the pressure of soaring oil prices and growing environmental constraints, momentum is gathering for a major international switch from fossil fuels to renewable bioenergy, according to FAO. Factors pushing for such a momentous change in the world energy market include environmental constraints

‘RealMoney’ Radio Recap: Supply Side

But Cramer said that price-fixing isn’t keeping gas prices high. Rather, he said that the threat to supply is what is driving prices sky-high. “All the investigating you need … pick up a newspaper,” he said. OPEC is running out of oil, geopolitical tension in Iran and Iraq are threatening their oil supply and terrorists […]

CLEVER (Compact Low Emission Vehicle for Urban Transport) vehicle

…Running on compressed natural gas, the vehicle would not only help preserve stocks of oil but would emit about a third of the carbon dioxide than conventional family cars. Because it does not run on petrol or diesel, it would not be liable for the congestion charge in London, or any other city where the […]

CRed calls for radical rethink of UK energy policy

In its official response sent to ministers next week, the UEA-based Community Carbon Reduction Programme (CRed) argues that the only way to make significant cuts in greenhouse gas emissions is by embarking on a major drive to cut waste, reduce demand and increase focus on innovation and renewable energy. … Benefits of a strategy aimed […]

Mexico: Oil Depletion and Illegal U.S. Immigration

Mexico’s oil industry is, in large part, a direct reflection of the country’s economic well-being. As those who have been following global oil output are aware, production in Mexico has started to wane, and just might decline very rapidly. Since the Mexican federal budget depends very heavily on oil revenues, the country may be faced […]

Russia Energy Min Sees No Big Oil Output Growth In 2007

Russia’s Energy Minister Victor Khristenko said Monday that there will be little growth in the country’s oil production next year, though oil company tax breaks effective Jan. 1 will spur it toward growth of around 7% in the next few years. In a speech at the 10th International Energy Forum here, Khristenko said he expected […]

All Exxon Mobil Nigeria personnel told to stay home

LAGOS — All personnel except for security at ExxonMobil Corp.’s (XOM) Nigerian oil operations have been told to stay home Tuesday, staff said, following threats by ethnic militants. Senior staff told Dow Jones Newswires all their colleagues at Mobil Producing Nigeria Unlimited’s office in Eket and its accompanying Qua Iboe export terminal in the eastern […]

Bush Eases Environmental Rules on Gasoline

WASHINGTON (AP) — President Bush on Tuesday ordered a temporary suspension of environmental rules for gasoline, making it easier for refiners to meet demand and possibly dampen prices at the pump. He also halted for the summer the purchase of crude oil for the government’s emergency reserve. The moves came as political pressure intensified on […]

The Oil Drum: European Gas Supplies and More on Russia

You may have noted a couple of posts recently concerning the relationships between Gazprom and its customers. More particularly the pressure being put on places such as Armenia, Belarus and now the UK to allow Gazprom to take over the distribution companies for the natural gas. Well, just in case the message wasn’t getting through, […]

Big engines stay popular despite gas spike

Popularity of V-8 engines stayed steady in the first three months of the year, despite rising gas prices. DETROIT – U.S. consumers bought vehicles with big, gas-guzzling engines at an unchanged rate in the first three months of the year despite rising gas prices, according to a survey released on Monday. In the first quarter, […]

Rebuilding of Iraqi Pipeline as Disaster Waiting to Happen

When Robert Sanders was sent by the Army to inspect the construction work an American company was doing on the banks of the Tigris River, 130 miles north of Baghdad, he expected to see workers drilling holes beneath the riverbed to restore a crucial set of large oil pipelines, which had been bombed during the […]

Energy-saving strategy

City should lead in conservation as oil prices soar: expert Urban issues consultant Richard Gilbert says Hamilton should plan its land use, design its buildings and base its economic development on the assumption gasoline will cost $4 a litre and natural gas $2 a cubic metre in the next 12 years. His long-awaited peak oil […]

Iraq oil inspector says smuggling threatens economy

BAGHDAD (Reuters) – The inspector general of Iraq’s oil ministry released a grim report on oil smuggling on Tuesday, calling for an urgent government crackdown on what he said was the biggest threat to the economy. The report cited oil smuggling as one of the main reasons behind billions of dollars in crude export losses, […]

The Truth About Sugar

The buzz says a dizzying price spike is all about sugar for biofuels. But the reality is more complicated.   The surprising thing about the price of oil, which hit a new record of $75 a barrel last week, is how little visible impact it has had on a booming global economy. But that hasn’t […]

Gas prices alter commutes

LOS ANGELES – As gasoline prices soar past the $3-a-gallon mark in many parts of the country, people have started having second thoughts about the way they commute. In Salt Lake City, ridership on the city’s light rail is up 50 percent over last year. “I ride it And in Los Angeles, the land of […]

Gas prices put pressure on GOP

But policy options seem few and far between President Bush and congressional Republicans are under mounting public pressure to reduce gasoline prices, but they have few if any policy choices that would cut them over the next few months as family driving reaches its annual peak and as the midterm elections near. Energy experts agree […]

Efficiency of coal-fired power stations – evolution and prospects

According to Hans-Dieter Schilling (Energie-Fakten), the average efficiency of all coal power stations in the world currently stand at around 31%, leaving a vast potential to reduce coal consumption and CO2 emissions. With countries like the USA and China looking set to continue relying heavily on coal for their energy needs, efficiency gains in electricity […]

The Cabinet will today discuss energy conservation measures

The Thai government is expected to repeat its call today for public cooperation in saving energy. Acting Prime Minister Chitchai Wannasathit (ชิดชัย วรรณสถิตย์) said he will raise his concern over impacts from the spiraling oil prices to the Cabinet meeting today, during which measures will be worked out to encourage energy conservation by the public. […]

Dutch May Allow Gazprom Some Control Over Supply

Gazprom is interested in entering the Dutch energy market, the Dutch government said Monday. The Netherlands, itself a significant gas producer, would consider allowing Gazprom access to its energy market and was not opposed in principle to such a move, said a spokesman for Dutch Economy Minister Laurens-Jan Brinkhorst. But Brinkhorst did not specifically say […]

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