Peak Oil Production in United States and the World

The Daily Reckoning – Almost 20,000 years ago, a Stone Age tribe made camp under a sandstone overhang in a place south of Pittsburgh now called Meadowcroft Rock Shelter, in Washington County. Theirs was a world still in glacial throes, with the edge of a mile-thick sheet of ice not far to the north. On […]

Russia Warns Not to ‘Discriminate’ in WTO

Houston Chronicle – The Kremlin said Thursday that any attempts to discriminate against Moscow in its negotiations to join the World Trade Organization would bring tougher terms for foreign companies seeking access to Russian markets _ a policy that could affect U.S. oil companies hoping to develop a natural gas field. “In general, if you […]

After the peak: Making gold into lead

Hour.ca – For the past 100 years, oil has given us the illusion of a free ride, an endless source of energy. Of course we know better, but the idea is so tempting that we fell for it anyway. The peak in oil production, whether it happens tomorrow or in 20 years, will bring us […]

Expensive gasoline = consumer belt-tightening

New survey from industry group indicates more consumers are feeling the gas price pinch; summer spending could suffer. NEW YORK (CNNMoney.com) – As higher gas prices eat into consumers’ shopping budgets, more Americans say they could be forced to cope with the pain at the pump by cutting back on eating out, driving less often […]

Group protests incessant power outage

NIGERIA – Perhaps, in tandem with the axiom that God is the last resort of the poor, a non-governmental group, Nigerian Renaissance Movement (NRM), in conjunction with Performing Musicians Association of Nigeria (PMAN), some members of the coalition groups of political opposition, PRONACO, and other unidentifiable groups recently held a protest march that saw them […]

Xcel takes blame for Colorado blackouts

Xcel Energy’s CEO on Wednesday said the utility accepts the blame for the rolling blackouts in February that cut power to roughly 300,000 customers on one of the winter’s coldest days. Richard Kelly said the utility didn’t realize how cold it would get on Feb. 18 and underestimated the demand for natural gas at a […]

Uruguay limits night sports events due to energy crisis

Uruguay’s Energy and Industry Minister, Jorge Lepra, has ordered limits to night-time sports events in a letter published in the Wednesday’s Uruguayan newspapers, due to an energy supply crisis suffered there. Lepra told the Uruguayan Football Associtation (AUF) that they must take emergency measures to save energy, because of the supply risks. The AUF immediately […]

No drilling off our coast

The House should reject needless calls to lift the ban on offshore gas drilling. CALIFORNIA – Lifting the 25-year-old ban on new offshore drilling for natural gas is a bad enough idea on its own. But a proposal scheduled to be debated Thursday by the House is as devious as it is dreadful. Because natural […]

Ecuador seeks to soothe oil dispute with US

QUITO (AFP) – Ecuador moved to reassure the United States that it was not expropriating foreign assets when it cancelled a US oil firm’s exploration rights and took over its production infrastructure. Quito appeared anxious to soothe fraying bilateral ties after Washington abruptly suspended free-trade talks with the South American nation and an Ecuadoran minister […]

Are Investors Waking Up?

When will the second shoe drop? The 214-point nosedive in the Dow yesterday was again blamed on the impact of high oil prices, and signals what will happen whenever it finally sinks in that this problem is not going away and will wreak unfathomable havoc on the U.S. and global economy. The domino effect of […]

High fuel prices to curb U.S. holiday travel

AAA says number of travelers this Memorial Day weekend to shrink NEW YORK – The number of people traveling this Memorial Day weekend will rise by the smallest amount in four years as a 34 percent rise in gasoline pump prices takes a toll on pocket books, AAA said on Thursday. About 37.6 million Americans […]

FirstGroup rail profits hit record level

U.K. – FirstGroup, the biggest train operator in the country, unveiled a 23 per cent increase in profits yesterday from its rail franchises on the back of rising fares and passenger travel. The improvement in the performance of the rail division helped First to increase group profits for the year to 31 March from First […]

Ecuador’s Risky Energy Grab

With oil prices so high, it’s not surprising that Ecuador has joined fellow energy-rich Latin American countries Bolivia and Venezuela in booting foreign oil companies or drastically raising royalties and taxes. In all three countries, the majority of the population is poor and needs better schools, hospitals, and highways. Governments want to get their hands […]

Transport a Black Spot for Global Warming – UN

Transport is the worst offender for releasing greenhouse gases into the atmosphere and governments must do more to cut emissions from cars and trucks, the UN’s climate change chief said on Wednesday. “It’s a big problem,” Richard Kinley, the officer-in-charge of the UN Climate Secretariat in Bonn, told Reuters. He was speaking at a 163-nation, […]

‘Wonder plant’ to fuel India

Runaway crude oil prices have lent new urgency to India’s quest for alternative and renewable fuels, and biofuels, especially biodiesel using the jatropha plant and, to a lesser extent, ethanol, are increasingly being seen as an appealing option.In China and India, with populations of 1.3 billion and 1.1 billion, respectively, fewer than 10 in 1,000 […]

Jakarta eyes palm oil for fuel

Spiking global oil prices have fuel-importing countries everywhere examining the potential of lower-cost biofuels to save on their fuel bills and shore up national energy security. That’s particularly true for Indonesia, which currently imports 30% of its energy needs but also boasts Asia’s biggest bounty of the tropical resources used to produce the most efficient […]

After the prosthetic society

Tthe 1980s and 1990s witnessed the creation of a prosthetic culture. A prosthetic is an artificial device that replaces a human function, and they’re valuable technologies for those who have lost the use of the function in question. If you’ve lost a leg via accident or illness, for example an artificial leg that lets you […]

Canadian Oil Production Seen Doubling by 2020

Canada’s oil production could double by 2020 as new projects in the country’s oil sands more than replace declining conventional output, the Canadian oil industry’s biggest lobby group said Wednesday. Oil production in Canada, the biggest supplier to the US market, is expected to grow to 4.9 million barrels a day by 2020 from last […]

Soaring oil prices forecasted to cost Sri Lanka US$ 2.2 bn in 2006

Runaway global oil prices is expected to cost Sri Lanka 2,250 million dollars this year, the government said Wednesday, in a broad hint that a retail fuel price revision was around the corner. “With the ever increasing oil prices, Sri Lanka’s total oil import bill would be around 2.2 billion dollars,” the ministry said. “This […]

India smells oil in Afghanistan

India’s Ambassador to Afghanistan, Rakesh Sood, has alerted the government on the opportunities available in the strife-torn neighbouring country. With India yet to come to terms with the Iran-India gas pipeline, an alternative Turkmenistan-Afghanistan-Pakistan-India (TAPI) pipeline project appears to be more feasible. In a communique to senior external affairs and petroleum officials, Sood has said […]

Japan to increase national oil reserves by 40 percent

Japan may increase its national oil reserves to the equivalent of about four months’ worth of domestic consumption, or a 40 percent increase over current levels, a news report said Thursday. Tokyo wants to hedge against market pressures and uncertainties in oil producing countries amid rising crude oil prices, Japan’s business daily Nihon Keizai reported. […]

Kissinger: World Faces Nightmarish Prospect

“The world is faced with the nightmarish prospect that nuclear weapons will become a standard part of national armament and wind up in terrorist hands,” warns former Secretary of State Henry Kissinger. Writing in Tuesday’s Washington Post, Kissinger insisted that the current standoff about nuclear weapons between the United States and Iran and the United […]

Entrepreneursengineer new energy alternatives

Two engineers from different towns in Virginia are among the many energy pioneers displaying their works this coming Saturday at the Piedmont Alternative Energy Expo at the Fauquier County Fairgrounds. One of these groundbreaking designers produces energy on a large scale by turning the contents of a landfill into useful, clean energy. Another captures the […]

The Peak Oil Crisis: Imports – America’s Achilles’ Heel

Falls Church News-Press – Very few Americans realize how precarious their lifestyle has become in recent years, as the United States becomes increasingly dependent on imported oil. Every year our aging oilfields produce less oil, while newly virulent hurricanes will likely continue to tear up oil and gas fields in the Gulf of Mexico. Of […]

Project to turn old tires into oil is moving ahead

Ervin Lee of Minot, N.D., and his group of investors, including his brothers and Ron Nichols, the inventor of the oil-from-tires process, bought a 9,000-ton pile of tires from Moorhead’s former Tire Depot earlier this year. The group has been hauling tires from the site to its testing plant on a farm in Berthold, in […]

THE CONQUEST OF THE ROCK

This is also why it is crucial that you understand the concept of “Peak Oil,” which is a shorthand way of expressing the geological concept that mankind has reached a “peak” in its ability to produce this depleting resource from the crust of the Earth. The world’s total level of production of about 84 million […]

Second winter of gas shortages looms

Britain could face a second winter of serious gas shortages if the launch of new import projects is delayed, Ofgem the energy regulator, warned yesterday. This could see big industrial users facing cuts in their power in order to balance supply and demand. Ofgem highlighted a growing problem for the UK, which became a net […]

OPEC Cuts 2006 World Oil Demand Growth to 1.7%

The Organization of Petroleum Exporting Countries Wednesday trimmed its forecast for 2006 world oil demand growth to 1.7% or 1.4 million barrels a day as high oil prices have started to bite in countries where fuel subsidies have been slashed. In its monthly oil market report, OPEC said the slight downward revision was also due […]

Algae tested to fight warming, grow fuel

How’s this for a green idea: Remove carbon dioxide, a gas that many scientists tie to global warming, by having algae turn it into clean fuel? It’s actually more than an idea, and the state of New York along with independent power producer NRG Energy and GreenFuel Technologies will be testing the technology. In a […]

GM to Introduce 4th-Generation Corsa in July

GM will introduce its redesigned Opel/Vauxhall Corsa at the British International Motor Show (18 greencarcongress

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy