Waste-to-energy not climate friendly, research shows

Getting energy from burning waste in incinerators produces 33% more greenhouse gases than burning coal in power stations, according to research published by Friends of the Earth on Wednesday. Despite this, waste companies and Government alike promote it as a “green” way of dealing with rubbish. FOE’s waste campaigner Dr Michael Warhurst said: “The Government […]

Era of cheap energy is past, warns E.ON boss

The era of cheap is past, the chief of German energy giant E.ON AG told the group’s annual meeting Thursday. Wulf Bernotat told shareholders attending the group’s annual general meeting in Essen that the global demand for energy demand was increasing dramatically as nations such as China and India moved to catch up with western […]

Oil Prices: More Shocks to come

Even though yesterday’s fuel price increase has caused a lot of hysteria and consternation among the Ghanaian populace, the chief executive officer of the National Petroleum Authority (NPA), Nana Yaw Attafuah, has sounded the alarm bells that there are more shocks to come. In an exclusive interview with THE INDEPENDENT , Mr Attafuah said there […]

Ch

A cooperation agreement signed last week between Nicaragua’s Sandinista leader – and longtime US nemesis – Daniel Ortega and Mr. ChChristian Science Monitor

Brazil scraps Bolivian project after oil grab

Brazilian energy giant Petrobras CE Jose Sergio Gabrielli has said this week the company is scrapping plans to expand a natural gas pipeline from Bolivia after President Evo Morales’ nationalisation of the energy industry. The project would have increased capacity 50% from 30-million cubic metres a day. Brazil is the largest investor in Bolivian energy […]

Hydrogen Reality Check

High oil prices and concerns about the long-term availability of oil have U.S. government officials singing the praises of hydrogen fuel cells as a solution to our nation’s transportation energy problem. But fuel cells, while a promising technology, could take more than 50 years to have a significant impact on gasoline consumption, according to estimates […]

Global growth saps oil supply, lifts gas prices

High oil prices, which have led to soaring U.S. gasoline costs, are the direct result of the narrowing of the gap between worldwide supply and demand, experts told Congress Thursday. Strong worldwide economic growth, notably in the USA, China and India, have led to large increases in demand for energy, Energy Information Administration head Guy […]

Iran Might Try to Disrupt Hormuz Oil Flow If Attacked by U.S.

(Bloomberg) — Iran may be planning to share the pain of any U.S. attack with the world’s oil markets. A strike against Iran’s nuclear program would probably be met with an effort to choke off oil shipments through the Strait of Hormuz, military planners and Middle East analysts say. The goal would be to trigger […]

The Peak Oil Crisis: A Frenzy in Washington

Falls Church News-Press – Last week the peak oil phenomenon reached a turning point when official Washington began to realize it has a problem. The problem, however, is currently being framed as high-gas-prices-going-into-the-next-election rather than worldwide oil depletion. Thus the first round of solutions being proposed ranged from the bizarre to unachievable. The fun started […]

Doomsday Scenarios

What will happen to the Earth if we don’t change our polluting ways? Seedmagazine.com – Don’t believe the hypeSeedmagazine.com

An Opportunity on Oil

Mr. Bush’s idea of action is flawed. He touts a range of government investments in alternative energies: electric cars, hydrogen cars, ethanol that’s made from waste products or grass. This approach assumes that government knows which technologies are worth backing. It assumes that if government researches a new technology, the private sector will see a […]

Why You Should Worry About Big Oil

So the majors may be making billions, but they are struggling to put them safely and soundly to work. Overall production at the oil majors is struggling to keep up with demand, and the reserve replacement ratio, the measurement of how well they are replenishing their supplies, is slipping. A healthy ratio should always be […]

India fast losing energy

In its quest for energy, New Delhi is in danger of falling between two stools in its dealings with the US and Iran. Ratification of the India-US nuclear deal over civilian nuclear energy cooperation has hit major roadblocks in Congress, with sharp differences emerging over various definitions of the deal. Tehran, on the other hand, […]

CFR Explains Basic Oil Economics

The Council on Foreign Relations has released a short primer on oil economics to its website. After our conference call with ExxonMobil’s Ken Cohen yesterday, CQ readers had many questions about the data Cohen provided us. CFR, a think tank on foreign policy and economics that tends towards the center-left, may have more credibility on […]

India Warns That U.S. Economic Slowdown Could Hit Emerging Markets Hard

A slowdown in the U.S. may trigger a worldwide recession that if “disorderly” will hit emerging market economies hard, India’s finance minister warned May 4. Palaniappan Chidambaram, speaking at the 39th annual meeting of the Asian Development Bank (ADB), said global economic growth continued to depend heavily on the U.S. economy. industryweek

Shell Planning to Open Up Some 20 Billion boe of Resources by 2010

Royal Dutch Shell plc updated on its strategy today. Chief Executive Jeroen van der Veer commented “our strategy of ‘more upstream, profitable downstream’ is on track”. “Upstream, we are committed to increase our production to 3.8-4.0 million barrels of oil equivalent in 2009, and we have record investments for our future in hand. Downstream, we […]

Why the World Is Not About to Run Out of Oil

All this explains why, in the words of Exxon Mobil, the oil production peak is unlikely “for decades to come”. Governments may decide to shift away from petroleum because of its nasty geopolitics or its contribution to global warming. But it is wrong to imagine the world’s addiction to oil will end soon, as a […]

U.S. company reveals hybrid car plans

The AFS Trinity Power Corp. of Seattle filed a patent application Thursday disclosing the company’s new technology for its Extreme Hybrid car. The company says the automobile will run more than 250 miles on a single gallon of gasoline or ethanol. In addition, it will plug into a house’s electrical current overnight to run without […]

The Plateau Of The Human Development Index

MIT released a report (.pdf) yesterday outlining their energy research strategy, they plan to create a permanent energy research centre under the premise that: The need for workable energy options is perhaps the greatest single challenge facing our nation and the world in the 21st century. The acuteness of the challenge at this point in […]

Report: Honda to Introduce Hybrid Fit in 2007 Using Insight Powertrain

HybridCars.com reports that Honda will indeed release a hybrid version of the Honda Fit subcompact (earlier post), using the powertrain from the hybrid Insight. The new hybrid is scheduled for release in mid-2007. The wheel-hub to wheel-hub dimensions of the Fit and Insight are identical. According to Hybridcars.comgreencarcongress

Agency: Some Gulf Oil Production Blocked

NEW ORLEANS Chron.com

‘Slow-Motion Supply Shock’ Adding to Oil Woes, House Told

WASHINGTON (Dow Jones) — A “slow-motion” supply shock is helping to fuel soaring oil and gas prices, a top energy analyst told House lawmakers. While surging demand and refining bottlenecks have also played a role in surging oil and gas prices, production disruptions in Nigeria, Venezuela, Iraq and the U.S. Gulf have contributed to a […]

Housing, oil, food: the price rises bite – Australia

CONSUMERS coping with higher mortgage repayments and record petrol prices will soon be hit at the supermarket checkout. National Foods, which dominates the market for milk, yoghurt and juice, will raise fresh produce prices by up to 3 per cent today because high petrol prices are pushing up distribution costs. The trifecta of higher rates, […]

In China’s Oil Quest, No Deal Is Too Unsavory

MSNBC – Americans feeling the pain at the pump also are feeling the impact of China’s prosperity. With gas prices hovering above $3 a gallon in many places, analysts say the spike is due, in large part, to the rising demand in the 1.2 billion-strong nation MSNBC

OTC: High Crude Prices Seen for 3-5 Years in Industry Poll

Oil & Gas Journal – Using a new electronic system for instantly polling attendees at technical sessions of the 2006 Offshore Technology Conference in Houston, 42% of the respondents at a May 2 panel discussion said they expect crude prices to remain high for 3-5 years… In a later survey question on global supply and […]

Cheney: Russia used oil to intimidate, blackmail

VILNIUS, Lithuania (AP) — Russia under President Vladimir Putin has recently “unfairly and improperly restricted the rights of the people,” Vice President Dick Cheney told a conference of Eastern European leaders Thursday. Cheney cautioned that such actions could affect relations with other countries. “No legitimate interest is served when oil and gas become tools of […]

The Oil Drum: Do the Russians Play Monopoly?

It was a relatively minor note in the news that Gazprom has taken a majority holding in the gas pipelines that form the North European Gas Pipeline. At this rate they are going they will be scratching their heads, this time next year, to try and find anyone left that they can take over. But […]

Oil Spiel

President Bush says Americans guzzle too much petroleum, and James Howard Kunstler would certainly agree. But the flamethrowing author of The Long Emergency America, Kunstler argues, is about to become one fantastically miserable place. Why? Because our entire standard of living is propped up by cheap oil, and the days of cheap oil are over. […]

As C-Note Falls Flat, GOP Looks for Plan B on Gas

Some Republicans thought they were being clever indeed with their plan to respond to soaring gasoline prices by giving most drivers a $100 rebate. At a news conference last week to unveil the idea, Sen. James M. Talent (R-Mo.) declared, “It will show people that Washington gets it.” Many voters, however, concluded that Washington does […]

Leave the Gas at the Pump and Pedal Away

LOS ANGELES – Dick Riordan was the last Los Angeles mayor to preach the joy of bike riding, so when the price of gas soared north of $3 a gallon and oil company profits finally gave us a clear definition of obscenity, I thought about giving him a call. People tell me I’m off my […]

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