Nanotechnology Holds a Key to U.S. Alternative Energy Goals

Altair Nanotechnologies, Inc. CEO and President Alan J. Gotcher, PhD, will brief the U.S. Senate Commerce Committee on Wednesday, June 14 on the important role Altairnano could play in the deployment of alternative energy sources, including those that could be used to power electric automobiles, critical facilities and installations, and a diverse range of military […]

The New Fuel That Will Shape The Future

Sci-Tech Today – If, hypothetically, all U.S. cars ran on 100 percent corn-based ethanol, and if one Ivy League professor’s analysis is correct, then 97 percent of the entire country’s land area — including real estate now occupied by cities — would be needed to grow corn. Until recently, Brazil was better known for soccer […]

BP: World Energy Growth Slowed to 2.7% in 2005

Schlumberger – BP PLC (BP) Wednesday said growth in global energy production and consumption slowed in 2005 to 2.7%, down from a 4.4% increase in 2004, which was the largest rise for 20 years. In the BP Statistical Review of World Energy 2006, the U.K. oil major said energy consumption in the U.S. fell by […]

Inflation hits home for lower-income groups

Higher prices forcing more sacrifices, compromises and budget-juggling CHICAGO – Wall Street is worried about inflation. So are Amy Lopez of Eureka, Calif., Sharon Connlley of Duluth, Minn., and Elmer Hunt Jr. of Boise, Idaho. They and other Americans are increasingly feeling the squeeze of higher prices, not only at the gas pump but in […]

World Has Plenty of Oil Refining Capacity – BP

(Reuters) – There is no shortage of oil refining capacity in the world but there are constraints in the ability of refineries to process heavy crudes, Britain’s BP Plc said on Wednesday. The world’s second-largest Western oil company by market capitalisation said that if only a fraction of planned new refining projects proceed, global capacity […]

World Oil Reserves Grow, But Only Just – BP

The amount of recoverable oil known to be in the ground at the end of 2005 was higher than a year earlier, BP said in its Statistical Review of World Energy, continuing the trend that the oil industry each year finds more oil than it produces… While BP said its data, compiled from official figures […]

Concerned by ‘Peak Oil,’ Group Looks to ‘Relocalize’

It all started a few months ago, when a group of environmentalists in Carbondale screened the video They

An Expert Look at the Energy ”Crisis”

An accomplished scientist shares his perspective on America’s supposed energy crisis and what can be done to remedy the situation. THE NEW AMERICAN: Skyrocketing fuel prices have forced energy once again to the forefront of public concerns. What are several of the most important measures that can be implemented to most immediately address our present […]

Saudi Arabia May Oil Output At 9 Mln B/D – Petrologistics

(Dow Jones)–Key Organization of Petroleum Exporting Countries member Saudi Arabia produced 9 million barrels a day of crude oil in May as weak demand and an unwillingness to further discount crude prevailed, leading tanker tracker Petrologistics said Tuesday. Crude output in May was slightly lower than the 9.08 million b/d seen in April when the […]

BP Statistical Review of World Energy 2006 is out

2005 was the third consecutive year of rising energy prices… These increases, along with growing public concern about energy security and climate change, kept our industry in the headlines throughout the year. This Review – the 55th in the series – presents the facts behind those headlines. Although real oil prices remained below the peak […]

The Oil Drum: The Plateau Background: The Chart of Peaking Oil Supply

The latest IEA Oil Market Report is out. In their inimitable style, they say: World oil supply rose by 445 kb/d in May to 85.0 mb/d, fuelled by increases from OPEC, a lull in North Sea maintenance and recovering US GOM supply. That sounds good, doesn’t it? A healthy increase from April to May? What […]

EPA Rule Loosened After Oil Chief’s Letter to Rove

The White House says the executive’s appeal had no role in changing a measure to protect groundwater. Critics call it a political payoff. WASHINGTON In 2002, a Texas oilman and longtime Republican activist, Ernest Angelo, wrote a letter to Rove complaining that an early version of the rule was causing many in the oil industry […]

Gas costs invading, inflating prices

Surcharges ‘a diplomatic way of raising prices.’ NEW YORK (CNNMoney.com) – Consumers aren’t just feeling high gas prices at the pump … increasingly, costs are inching higher on everything from the cost of delivering a package to the cost of delivering a pizza. Michael Pazzaneze, owner of Marlborough, MA-based limousine service of CTG Worldwide, said […]

VeraSun IPO tops expectations

Shares of ethanol producer sell for $23 per share, pricing the public offering at $419.75 million. NEW YORK (Reuters) – Ethanol producer VeraSun Energy Corp. priced an initial public offering worth $419.75 million Tuesday, according to an underwriter, above the previously forecast price range. The 18.25 million share offering sold for $23 per share, compared […]

Oilmen in troubled waters

For a bearer of bad news, the Opec conference is less of a lion’s den than it was. But some of the speakers still have strong ostrich tendencies. …The usual stump speech these days: a global energy crisis is imminent; peak oil is real; your industry is in denial; the renewable – and demand-management industries, […]

Not Quite Measuring Up at Mexico’s Gas Pumps

Most stations have rigged their equipment to cheat motorists, a consumer agency says. MEXICO CITY Random checks have revealed that the average retailer, known here as a gasolinero, skims a little more than a liter of gasoline for every 20 sold. But the most audacious stations would make Al Capone blush. One in the tourist […]

Greenspan: Rise in oil prices help cut demand, but starting to impact economy

WASHINGTON Such an adjustment has likely cut oil demand. With the USA less dependant on oil, the chances of a dangerous oil price shock have been reduced, what Greenspan termed “preventive medicine.” Thus far, the world economy has weathered the jump in oil prices well, Greenspan told members of the Senate Foreign Relations committee in […]

Federal, state officials boost vigilance on gas prices

WASHINGTON (Reuters) – With U.S. consumers angry over high gasoline costs, federal and state officials met this week to improve their coordination for investigating pump pricing this summer for potential illegal activity. U.S. Attorney General Alberto Gonzales and Federal Trade Commission Chairman Deborah Majoras discussed the issue on Monday with officials from 14 state attorneys […]

Neglecting Future Problems is a Failure of Leadership

Since we are voters, the U.S. government should be responsible to us. We all have a right to ask certain things of it. On that note, we can ask Congress to take a few actions, including raising fuel-efficiency standards for cars and trucks as part of a broader effort to control explosive demand growth. agonist

Keeping Iraq’s Oil In the Ground

Did Dick Cheney send us in to seize the last dwindling supplies? Unlikely. Our world’s petroleum reserves have doubled in just twenty-five years — and it is in Shell’s and the rest of the industry’s interest that this doubling doesn’t happen again. The neo-cons were hell-bent on raising Iraq’s oil production. Big Oil’s interest was […]

Shell and BP: Still Drilling

Shell Oil and British Petroleum are trying to fool the public into thinking they’ve gone green. We’re not buying it. For a company that claims to have moved “beyond petroleum,” BP has managed to spill an awful lot of it onto the tundra in Alaska.George Monbiot is the author of ‘Poisoned Arrows’ and ‘No Man’s […]

Hawking Says Humans Must Go Into Space

“The Associated Press reports that astrophysicist Stephen Hawking wants humans to establish colonies in space in order to ensure the survival of the human race. slashdot

European Science Foundation Task Force for Solar Energy

Leading scientists and the European Science Foundation are urging the European Union and its member states to make a major commitment to the solar-driven production of environmentally clean electricity, hydrogen and other fuels as the only sustainable long-term solution for global energy needs. greencarcongress

Texas Congressman to Introduce ‘Solar Utilization Now Act of 2006′

Congressman Lamar Smith (TX-21), a senior member of the House Science Committee, today unveiled major solar energy legislation in Austin, Texas. The “Solar Utilization Now Act of 2006,” or “SUN Act,” provides federal grants to help states conduct solar energy projects. buildingonline

General Motors Receives Eight Top Scores

General Motors underlined its leading position in alternative propulsion concepts with eight best performances at this year’s Michelin Challenge Bibendum (June 8 – 12, 2006). The HydroGen3, a hydrogen-powered fuel cell Vehicle based on the Opel Zafira, scored top marks three times, the Opel Zafira CNG and the Saab 9-5 BioPower twice, and the Saturn […]

Advancing Biofuels

Due to rising gas prices and environmental concerns, the production of biofuels is beginning to garner more and more attention around the world. We present the key findings about biofuel production and prospects as compiled for the “Biofuels for Transportation” project by the Worldwatch Institute and the German Agencies for Technical Cooperation (GTZ) and Renewable […]

Using Hubbert Method on EIA Data – The Tiger Chasing Its Tail?

The Oil Drum – There are many potential definitions of Peak Oil: peak conventional, peak non-opec, date of maximum production, date of 50% Qt, peak liquids etc. We care about Peak Oil because a) we want to know if Hubbertian geology works globally the way it did in the lower 48 and b) we want […]

US is ‘Not Ready’ for Chavez Oil Ban Threat

MSN Money – A Venezuelan embargo on oil exports to the US would lead to an immediate 15 per cent surge in world oil prices and crimp economic growth in the short term, according to a US congressional investigation. The study by the Government Accountability Office, Congress’s non-partisan investigative agency, obtained by the Financial Times […]

Reinventing IMF Global Role May Just Be In Time

(Reuters) – Reinventing the International Monetary Fund may have come just in time as world markets recoil amid rising inflation and interest rates, which look set to test new IMF powers to police the global economy. On a visit on Tuesday to Australia, IMF Managing Director Rodrigo Rato warned that risks to the global economy […]

Top Five Oil Companies Focus on Developing Existing Reserves

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