Reserves to tap Saudi oil

The central government said Tuesday that it will work with Saudi Arabia on developing China’s strategic oil reserves as part of efforts to deepen energy ties between the two countries. thestandard

Rising Prices Seen Lowering World Oil Demand in Coming Decades

A continued rise in prices is projected to dampen global demand for oil and spur use of more coal, natural gas and renewable energy over the next quarter century, according to the U.S. Energy Information Administration (EIA). usinfo

World CO2 Emissions to Rise 75 Pct by 2030 – EIA

Global emissions of the heat-trapping gas carbon dioxide will rise 75 percent from 2003 to 2030, with much of the growth coming from coal burning in developing countries, the US government forecast on Tuesday. planetark

Japan kick-starts biofuel transport

JAPAN plans to have 40 per cent of cars running on biofuels within five years in a bid to slash greenhouse gas emissions and foreign oil dependence. heraldsun

Senators Introduce Ten-in-Ten Fuel Economy Act:

Four US Senators greencarcongress

MIT Vehicle Design Summit Targeting 500MPG Equivalence (or Better)

Students from around the world are participating in the MIT Vehicle Design Summit (VDS) this summer to design and build vehicles based on integrating hydrogen fuel cells, photovoltaics, biofuels, and human power. The VDS organizers winnowed through the pooled research recommendations of the participants to select five basic designs: fuel cell; biofuel; human/solar hybrid; retrofit; […]

EIA Forecasts Global Petroleum Consumption to Grow 47% by 2030

Worldwide total energy consumption will grow by 71% between 2003 and 2030, according to the reference case projection from the International Energy Outlook 2006 (IEO2006) released today by the Energy Information Administration (EIA). The projected reference case world oil prices are 35% higher in 2025 than in last yeargreencarcongress

BP and DuPont to Partner on Next-Generation Biofuels

BP and DuPont have created a partnership to develop, produce and market next-generation biofuels to help meet increasing global demand for renewable transport fuels. The two companies have been working together since 2003 and are now ready to bring their first product to market: biobutanol, which will be introduced in the UK in 2007 as […]

China Cuts Saudi Crude Supply

Trade Arabia – China will extend a 50,000 barrel per day (bpd) cut in Saudi crude oil imports into July and August after some refiners struggled to cope with new higher-sulphur supplies, industry officials said. China contracted to buy 500,000 bpd of Saudi crude in 2006, but cut that back by 10 percent in the […]

Put a Beet in Your Tank… BP Plans UK’s Biggest Green Fuel Plant

The Guardian – BP has joined forces with one of Europe’s biggest food groups to build what they claim will be Britain’s largest “green” petrol plant using sugar beet from East Anglia. The move, designed to kickstart a much larger programme involving hundreds of millions of pounds of investment, comes as environmental campaigners declare war […]

Saudi Official Says Oil Price Could Triple in Event of Military Conflict Over Ir

VOA News – Saudi Arabia’s ambassador in Washington said Tuesday that a military conflict with Iran would double or triple the price of oil. Saudi Ambassador Turki Al-Faisal said military conflict with Iran would be counterproductive and would turn the Persian Gulf into an inferno. Faisal spoke to reporters in Washington. “Definitely you would see, […]

Report: Oil

Prices will make coal, natural gas, alternative fuels more attractive WASHINGTON – Oil In December, the EIA predicted worldwide oil prices would average $57 a barrel in 2030, a 35 percent increase from the long-term forecast it had made just a year earlier. In 2003, oil accounted for 38 percent of total world energy consumption, […]

EIA – International Energy Outlook 2006

The International Energy Outlook 2006 (IEO2006) presents an assessment by the Energy Information Administration (EIA) of the outlook for international energy markets through 2030. U.S. projections appearing in IEO2006 are consistent with those published in EIAEIA

The Oil Drum: Mining Canadian Oil Sands into the Future

Just recently there has been increasing attention paid to the heavy oil sands of Alberta. Perhaps, as in the case of the Washington Post more negative than positive. And it is interesting to note, from the tone of those pieces, that it is now apparently more desirable to have your rivers flow over and through […]

Oil consumption seen soaring

Much of world’s growth will take place in Asia, although U.S. will still use the most; OPEC needed to meet bulk of demand, EIA says. WASHINGTON (Reuters) – World oil demand should soar from this year’s almost 86 million barrels per day to 118 million bpd by 2030, even though higher fuel prices will cut […]

Campbell: Nuclear ‘will cost taxpayer billions’

U.K. – Nuclear energy is “the ultimate stealth tax”, Sir Menzies Campbell will warn today as he renews his battle with the Government over Britain’s future energy sources. The Liberal Democrat leader clashed with Tony Blair on the issue in the Commons last week after the Prime Minister signalled a new generation of nuclear stations […]

Drilling bill would help consumers, states

HOPE SPRINGS eternal in the backbreaking but absolutely essential political quest to develop the nation’s offshore energy resources. The United States is in the midst of an energy crisis, with skyrocketing prices for gasoline and natural gas threatening the economy. Yet the damage caused by energy costs apparently hasn’t weakened the resolve of misguided opponents […]

The Commodity Room

The commodity boom currently underway in all areas is due to shortages. Shortages are the result of different circumstance depending upon the commodity. Different commodities will be examined but all stem from a common thread and will only be amplified by its shortages: Energy. Oil The most important source of energy is oil and related […]

IWC: Oil exploration could harm whales

FRIGATE BAY, St. Kitts – Blasts from undersea airguns fired by boats searching for oil could harm whales and should be studied further, said a report unanimously endorsed Monday by the International Whaling Commission. Repeated bursts of air cause high levels of underwater sound that could affect whales’ migration and mating patterns, the report said. […]

Blame oil prices for those potholes

WASHINGTON Both price and availability problems are forcing local governments across the USA to scale back or cancel road projects this summer, the main paving season in much of the country. For drivers, that means some roads likely will be worse than they otherwise would be later this year and beyond. “Some roads are going […]

China invests in coal exploration

China, the world’s biggest coal producer and consumer, plans to spend about 40 billion yuan (US$5 billion) by 2020 exploring for coal reserves across the nation, a top energy official said. The country aims to secure about 170 billion tons of coal reserves, Xu Dingming, head of the energy bureau under the National Development and […]

Europe’s hunger for coal

SCHWARZE PUMPE, Germany In the shadow of two hulking boilers, which spew 10 million tons of carbon dioxide a year into the air, the Swedish owners of this coal-fired power station recently broke ground on what is to be the world’s first coal-fired plant that produces no carbon dioxide emissions. The German chancellor, Angela Merkel, […]

Energy demands to rise by 50% in 45 years

A 50% rise in energy demand in the next 45 years means that Scotland needs to keep its nuclear option open, according to a group of the country’s most senior academics. With a sharp fall in generating capacity looming, the Royal Society of Edinburgh warns that demand for energy will continue to rise, and a […]

Ahmadinejad laments waste of energy

In a meeting with Majlis Energy Committee members late Sunday, President Mahmud Ahmadinejad said that investment in the energy sector is the most profitable in the shortest time. Lamenting the extravagant use of energy and the waste of public wealth, the president stated that it is necessary to save energy in all sectors. He called […]

Saudis to Supply Oil to China Strategic Reserves – Sources

China is in talks with Saudi Arabia over importing oil to fill its planned strategic reserves – building on an April meeting between their two heads of state, Chinese and Gulf sources familiar with the situation said. A deal would see large volumes of Saudi crude imported by China, although the first shipments would be […]

Cut fuel use and curb population

Globally, there are at least 350 million couples that lack family-planning services. Here in the United States, a third of all births are unplanned. And the Bush administration’s family-planning failures, including its ideologically driven abstinence-only programs that mock serious sex education, contribute directly to millions of unwanted and unplanned births. If we could cut by […]

Chile Lawmakers Promote Wind, Water Energy to Ease Gas Shortage

Chilean lawmakers will seek to create incentives for investment in wind, coal and water power after Argentina, the supplier for almost all Chile’s natural gas, cut shipments by more than half, two senators said. The natural gas shortfall threatens to slow economic growth in Chile, the world’s biggest copper producer, said Bertrand Delgado, an economist […]

Towards rational pricing of oil

While in 2004, 22.8 MBD of oil was produced in OPEC nations of the Middle East, by 2030, this would have to double to around 44.0 MBD. There are serious geo-political implications of this shift, but based on the assessment of probable reserves and their exploitation, this level of increase will have to take place […]

Mexico’s energy future hinges on elections

In the midst of Mexico’s biggest oil boom since the 1970s, the nation’s top two presidential candidates are debating whether to turn outward and open oil to private investors — or inward by exporting less crude and giving Mexicans subsidized gasoline. The question involves nationalist pride as well as pump prices, but the real challenge […]

Seeds for a Geo-Green party

The recent focus of the Republican-led Congress on divisive diversions, like gay marriage and flag burning, coupled with the unveiling of Unity ‘08, an Internet-based third party that plans to select its presidential candidate through online voting, has intensified the chatter that a third party, and maybe even a fourth, will emerge in the 2008 […]

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