Cape Cod Wind Farm Project May Be Headed for Pasture

Massachusetts’ governor is likely to get veto rights over a plan Sen. Edward Kennedy opposes also. BOSTON Kennedy is a Cape Cod property owner and a longtime foe of the project. With the senator’s approval, a provision that would allow the governor of a state adjacent to the Nantucket Sound site to quash the development […]

When Gas Rises, Approval Tanks

George W. Bush is the latest President to learn a painful political lesson: Americans get very unhappy when gasoline prices spike, and they take it out on the guy in the White House. Throughout the Bush Presidency, the pattern has been striking. Whatever else is happening, from temporary triumphs in Iraq to Administration scandals, when […]

The Real Oil Story: The Oil in Iraq

Oil is pretty slippery stuff. The press is playing up $3 a gallon gasoline, record oil company profits, and the $400 million retirement package for Exxon Bush, Cheney, Rice and other key Bush players have impeccable oil industry credentials. When they came to the White House, so did the oil industry. Cheney, Rumsfeld and others […]

Hawaii Gas Cap Running on Fumes

HONOLULU – Gas prices keep going up everywhere, and Hawaii’s unique attempt to control them is running on fumes. The isolated island state whose drivers consistently pay the highest pump prices in the nation has given up on its government-regulated price controls after an eight-month experiment. With the average price for regular in Hawaii rising […]

Shell reports exploration success in Nigerian offshore field

LAGOS (AFP) – Royal/Dutch Shell has reported an exploration success at its deep water Bonga North oil and gas prospect offshore Nigeria to boost output of Africa’s biggest crude exporter. “We are happy with yet another exploration success in deepwater Nigeria,” said Chima Ibeneche, Shell Nigeria Exploration and Production Company (SNEPCo) managing director, in a […]

Across the globe, oil and gas supply at risk

Energy security has moved to top of government agendas VIENNA, Austria – Unrest in Africa. Mideast insurgency and terrorism. Iran Concerns over Iran

Poll: Americans Rethink Vacation Plans

Americans are driving less, trimming vacations and cutting back on heating and air conditioning, according to an AP-Ipsos poll taken as gasoline prices in many areas have topped $3 a gallon. Seven in 10 say gas prices are causing a financial pinch. And that pressure is being felt increasingly by middle-income and higher-income families.Yahoo!

Warming extends diseases into new areas, scientists say

Global warming — with an accompanying rise in floods and droughts — is fueling the spread of epidemics in areas unprepared for the diseases, say many health experts worldwide. Mosquitoes, ticks, mice and other carriers are surviving warmer winters and expanding their range, bringing health threats with them. Malaria is climbing the mountains to reach […]

Govt mulling incentive package to back biofuel-related projects

The Indonesian government is considering offering fiscal and administrative incentives to investors planning to produce biofuel as part of an alternative energy program designed to reduce the use of fossil-based fuels. ..Besides biodiesel and bioethanol, the government would also promote the production of bio-oil, made of straight vegetable oil, and biogas, made of liquid waste […]

Pacific islands see coconuts as potential biofuel source

Palm trees conjure an enduring image of the South Pacific, providing shade on a white sandy beach as the water gently laps the shore and coconuts for cocktails garnished with small brightly colored paper umbrellas. But many impoverished Pacific island nations are also looking to coconuts to combat soaring world oil prices and cut severe […]

Food industry urges caution on biofuel promotion plan

A plan to increase biofuel production could lead to an increase in prices for agricultural ingredients, in particular rapeseed, the bloc’s food industry association warns in a position paper. The concern is expressed in a position paper published by the Confederation of the food and drink industries of the European Union (CIAA), which is calling […]

IT Energy Costs: The Quiet Budget Killer

Most IT organizations estimate their standard infrastructure expenses based on servers, telecommunications and desktops. Few consider the cost of the electricity required to power and cool the equipment. With today’s rising energy prices, companies can no longer ignore the cost of power. In some markets, the electricity bill for a server facility can run four […]

Is nuclear energy a terror risk?

Although the world has been spared from a large-scale terror attack on a nuclear power plant, the danger is real and the consequences would be catastrophic, experts say. ..According to Wolfgang Kromp, a security expert at the University of Vienna, a crew training for an announced simulated sabotage incident at a power plant in Smolensk, […]

Oil giants ponder challenge of spiralling demand

Talk of an energy challenge may seem odd from an oil industry awash with record profits but Royal Dutch Shell this week showed how hard it is working to keep the good times going. With a finite supply of oil in the world and many of the major fields having already been tapped, Shell and […]

Nationalism a threat to global oil production

More than a decade after founding the Organisation of Petroleum Exporting Countries, Juan Pablo Perez Alfonzo fell out of love with oil. Deeply disappointed by the destructive impact high oil prices had had on petroleum-producing nations such as his native Venezuela, in 1976 he branded it the “devil’s excrement”. Thirty years on, the price of […]

Kenya: This Oil Shortage is a Sign of Bad Planning

The only thing about the acrimony and finger-pointing among the key players in the oil industry that is not in doubt is that the country is experiencing a fuel crisis. Fuel pump prices have shot up in the last few days even as shortages are reported in various parts of the country. And there are […]

Oil belt-tightening top of Thai Cabinet agenda

Thai Cabinet will debate belt-tightening measures next Tuesday as petrol prices continue to spread gloom across the country. “With the soaring oil price, it is vital to find ways to cut costs and not just complain,” Deputy Prime Minister Chidchai Vanasatidya said. Chidchai was quoted by Thai English newspaper the Nation on Saturday as saying […]

Iran wants oil market in Euros

Iran took a step on Friday toward establishing an oil market denominated in euros, a plan analysts described as highly unlikely to materialize but which in theory could have serious consequences for the U.S. economy. A.G. Edwards commodities analyst O’Grady said there are practical reasons why the Iranian threat is an empty one. For starters, […]

The Supply-Side Cure to the Energy Crisis

Here is a specific agenda: Federal legislation should provide that half the royalties from offshore drilling in federal areas more than 3 miles at sea go to the states on whose coasts the drilling occurs. The other half should go into a pool to be distributed to the other states. This would give coastal states […]

Oil ministry is key to unlocking paralysis in Iraq

When IraqFT

IRAN: EURO TO REPLACE DOLLAR AS OIL CURRENCY

Tehran, 5 May (AKI) – In July Iran will ditch the dollar in favour of the euro as the currency in which it will accept payments for its oil and natural gas exports, Iranian president Mahmoud Ahmadinejad announced Friday. The switch, first mooted months ago, was expected but Ahmadinejad’s decision comes just as Washington is […]

Oil and Congress don’t mix

That does not mean they’re a plot designed by Big Oil (and their lackeys in the White House) to reap riches at everyone else’s expense. Attention, conspiracy theorists: Exxon does not set the price of oil. A global market of traders does. The rising price of oil is driven by real things – like growing […]

Oil Produces Unsettling Times

Seattlepi.com – All this is uncomfortably reminiscent of the oil shocks of the 1970s, when the acronym OPEC — the Organization of the Petroleum Exporting Countries — entered popular language. It exerted its power by agreeing to quotas for oil production, leading to a quadrupling of the oil price and two global recessions within seven […]

Iran’s proposed euro-denominated oil market not cause for alarm

O’Grady said there are practical reasons why the Iranian threat is an empty one. For starters, Iran is not a very attractive site for a market, given the volatile nature of its politics, the U.S. sanctions against it and the lack of a fair legal system. Moreover, there is no indication that the European Union […]

Light Crude Oil Demand May Fall, Pushing Prices Lower, Deutsche Bank Says

U.S. demand for light crude oil, which is used as the basis for New York oil futures, will fall in coming weeks and push prices lower, toward $60 a barrel, according to Deutsche Bank AG. More refineries that run heavy crude oil, which is less expensive and harder to process, are coming back into service […]

The Elasticity of Oil Supply

Exxon pursues only projects that will turn a profit even in the leanest years, Mr Tillerson explains; so in the fattest ones, the returns are eye-catching. True to that policy, he will not be seduced into making expensive investments on the assumption that the oil price will remain high. … Traders, he argues, are pushing […]

Maryland Congressman Continues Peak Oil Warnings

Mr. BARTLETT of Maryland. Madam Speaker, I have here in my hands two pretty big reports that were paid for by our government and have for reasons that it is difficult for me to understand been pretty much ignored apparently by the organizations that paid for them. The first of these is a big report […]

Politics of oil: Cheney visits Kazakhstan

Vice President Dick Cheney traveled to Kazakhstan on Friday for talks with President Nursultan Nazarbayev, seeking to maximize access to the vast oil and gas reserves in the central Asian nation with a troubled human-rights record. Administration policy favors development of multiple means of delivering Kazakhstanmsnbc

Alternative energy index to launch

A new index tracking the performance of a portfolio of US alternative energy stocks is set to be launched on Friday, among the first to focus on the relatively young and fast-growing sector. The launch comes as high oil prices, geopolitical uncertainty and worries about climate change are generating growing investor interest in non-hydrocarbon based […]

Renewable Energy Takes Center Stage in Nevada Politics

The race for the next Governor of Nevada is well under way and with all the expected political maneuverings — except one. In a twist on the age-old political contest, renewable energy has become a prominent campaign issue with one candidate announcing major plans and the topic proving itself worth addressing for the others. “Like […]

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