Peak Oil not to be ignored

Civilization, as we know it, is coming to an end, according to Stephen Hren, a Durham “green builder” and organizer of N.C. Power Down, a group dedicated to raising awareness about Peak Oil. “Peak Oil is a catch-all phrase that refers to the undisputed geological fact that at some point less oil will be able […]

Doubts over World Bank energy plan

The World Bank has unveiled a project to promote the use of clean energy in developing countries, where it said US$10 billion (HK$78 billion) to US$40 billion a year will be needed to cover the costs of adapting to projected climate change. But some committee members have doubts about the initiative, and outside experts were […]

Eco-friendly Belize wary of oil fever

SPANISH LOOKOUT, Belize – A Mennonite farmer watches a black plume of smoke spew from an oil well near his house in western Belize, the only visible sign that this tiny Central American nation is the world’s newest oil producer. over 50 years in this former British colony bordering Guatemala and Mexico, but this year […]

Hybrid sales slack despite gas spike

Using less fuel, tax credits not enough for many consumers, analysts say DETROIT – U.S. gas prices have risen nearly a third over the past year without touching off a boom in sales of fuel-efficient hybrid vehicles, some of which are sitting on dealer lots for as long as three months. Many U.S. consumers are […]

BP’s Browne Says Venezuela Risks Investment With Oil Demands

BP Plc Chief Executive Officer John Browne said Venezuela’s demands for more oil revenue risks scaring off foreign investment, at a time when the nation is struggling to boost production and crude prices are at a record high. Venezuelan President Hugo Chavez is in dispute with oil companies after raising taxes and royalties on companies […]

Increase hits road projects

Record-high oil prices are turning out to be bad news not only for drivers, but also for the roads they drive on. Transportation agencies nationwide are seeing sharp increases in the cost of road building because soaring oil prices are driving up the cost of oil-based asphalt, as well as the cost of fuel used […]

The pain … and the gain

Major oil companies begin reporting robust first-quarter profits today in a string of earnings announcements likely to cheer their shareholders and infuriate motorists pumping $3 gasoline into their tanks. “I don’t demonize the oil companies, but I know the crowd will have a lynch-mob mentality” when hit with multibillion-dollar oil earnings every day this week […]

Commentary: Increasing Efforts To Conserve Energy Worldwide

04/24 (LWN) Many nations are taking greater efforts to conserve energy, due to the current high energy prices and the growing realization that world oil supplies will eventually be depleted. These efforts also enable their countries to be less subject to potential shortages in oil and natural gas due to conflicts or political changes in […]

Why we should love high oil prices

This extreme change in the cost of the basic fuel that drives the world economy ought, on the basis of experience in the 1970s and 1980s, to be causing mayhem in financial markets and panic in treasuries the world over. It ought to be depressing consumers and devastating share prices. But strangely – or not […]

Oil `Windfall’ Tax Gains Momentum

Also Monday, the chairman of the Assembly Revenue and Taxation Committee won a first vote on his latest proposal to slap a 2% surtax on so-called windfall profits from petroleum producing, refining and sales activities. The bill garnered the minimum four votes needed to move to its next committee. “It’s time we made these companies […]

5 things to watch in energy

With oil and gasoline prices near record highs, every word from leaders of oil-rich nations and every government energy report can push prices further into the stratosphere or provide some relief to wary consumers. Here are five things to watch in the coming weeks, and they don’t look good for those feeling pinched at the […]

IT’S OIL WRONG

“American consumers are facing record prices for gasoline at the pump. Anyone who is trying to take advantage of this situation while American families are forced into making tough choices over whether to fill up their cars or severely cut back their budgets should be investigated and prosecuted. Therefore, we believe that federal law enforcement […]

Strategic Guide to Low Carbon

The government has published a guide that should provide sufficient information to enable people to decide if a particular LZC energy source is appropriate for the building under consideration and to estimate the potential for carbon dioxide emissions reduction. Low and zero carbon (LZC) energy sources are increasingly being installed in buildings (e.g. small-scale and […]

Norway Oil Min Sees Gas Exports to Europe Up 40% in 2 Yrs

Norway, one of Europe’s biggest natural gas providers, is set to increase supplies to its gas-export dependent European neighbors by about 40% within two years, Norway’s oil minister said Saturday. “We will be raising our exports to Europe from about 85 billion cubic meters (annually) to about 120 (billion cubic meters) within two years,” rigzone

Automotive Students Test Their Hydrogen Engines

In mid-May, testing begins on three internal combustion engines for automobiles calibrated to run on hydrogen rather than gasoline, marking the culmination of the automotive-technology project that took students at Lansing Community College three semesters to complete. Building a hydrogen engine can cost $5,000 more than traditional gasoline-powered engines because of the expensive parts and […]

Repsol YPF Leads Biodiesel Research Project

Repsol YPF, the Spanish-Argentine oil and gas group, is leading a four-year, greencarcongress

One-Third of US Auto Buyers Likely to Consider Hybrid, Diesel- or Ethanol-fueled

A recent Wall Street Journal Online/Harris Interactive Personal Finance Poll found that one-third (33%) of US adults who plan to purchase or lease a new vehicle say they are most likely to seriously consider an alternative-fueled vehicle for their next purchase. Most (92%) of those adults say they are willing to pay more for such […]

Renewables Still Struggling To Seize Big Share Of Energy Market

Wind turbines, wave technology, solar panels, hydroelectric power stations, fuel cells and biomass plants account for just 14 percent of the energy consumed in the world today, according to the International Energy Agency (IEA). This compares to six percent for nuclear power and a massive 80 percent for fossil fuels — oil, coal and gas […]

Dark Days for Energy Efficiency

After years of research, Charles Bates is close to perfecting a more energy-efficient method for casting engine blocks, a technique that industry would love to put into wider use. The University of Alabama engineer, who uses X-rays to monitor the shaping of molten metal, says only one big technical hurdle remains in refining a process […]

Oil Price Blame Game Misses Point

The good news is that $75 oil is unsustainable, just as $10 oil was. At some point, demand and supply will come back into balance. Indeed, the rate of growth in demand may now be only 1%. A problem is that Opec may have underproduced in the first quarter of this year, says Credit Suisse. […]

This is Embarrassing, But I’ve Become a Fossil Fuel Supporter – George Monbiot

Cheap hydrogen, the most viable low-carbon heat source, depends neither on nuclear power nor renewables – but on gas My timing could scarcely be worse. To announce, in this of all weeks, a Damascene conversion to natural gas is to invite ridicule from every quarter. The price of oil has hit $75 a barrel, and […]

Indonesia Oil Min: Rig Shortage Impedes Crude Output Boost

Crude oil producers are finding it difficult to boost their output due to a shortage of rigs, Indonesia’s Mines and Energy Minister said over the weekend. “We (OPEC) will say that we will increase crude oil supply to curb rising oil prices, but it’s not easy for global producers to do this because it’s difficult […]

CERA: $70 Crude In ‘07 Would Cut Global Economic Growth

Current crude oil prices in the $70 to $75 range reflect supply disruptions totaling some 2 million barrels a day, analysts at Cambridge Energy Research Associates said Monday. Despite the current high prices, CERA expects world oil demand to grow by 1.7 million barrels a day, or 2.1%, this year, but cautioned that similar prices […]

The Oil Drum: Updating Oil Price Graphs

Seems like an interesting time to update some oil price graphs again. Last time I got around to covering it, on January 20th, it meant we were within a week and and a couple of bucks of topping out, before going into a $10 decline for a month. After that bottom, we started up into […]

Speech by Bill Clinton: eGov Monitor

Former President Clinton in his remarks at the London Business School, looks at the challenges facing the global community and how private citizens can make significant contributions in addressing those challenges. The Indians and Chinese are in this huge fight now to see who can get the most oil. We may be at a point […]

Official: Europe ‘Overfed’ With Russian 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 European supplies diverted to the East. By diversifying its markets, Russia could raise the price of its Urals blend of crude for the […]

OPEC President: Spare Capacity Offer Is ‘Hope To The Hopeless’

OPEC President Edmund Daukoru Sunday signaled the producer group could do nothing to quell record-high prices, when he described a proposal that it offer out its spare capacity to the market as little more than “hope for the hopeless”. The Organization of Petroleum Exporting Countries meets informally Monday on the sidelines of the 10th International […]

Chinese leader begins Africa tour

President Hu Jintao of China begins a week-long visit to Africa on Monday – his second tour of the continent since becoming leader three years ago. The visit indicates the importance China is attaching to securing energy and trade deals in the region. …He arrives in Africa with a clear message from Beijing that China […]

The Long and Grinding Road

The rat race is turning into a marathon. Inside the lives of ‘extreme commuters.’ At 5:40 a.m., the alarm blares news-talk radio and Bill Small rolls out of bed. With a two-hour commute ahead of him, the Chicago doctor wastes little time. He showers, dresses and is out the door by 6. At this hour, […]

Gas prices squeeze household budgets

With gasoline prices up nearly 50 cents a gallon during the past month, household budgets are being squeezed. “It’s not like we have a lot of choices,” said Dave Miller, a local insurance company agent. “We are so dependent on the automobile.” Prices for unleaded gasoline are hovering around $3 a gallon, and frustrated consumers […]

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