Delhi govt set to cut fuel prices on Tuesday

NEW DELHI, INDIA – Delhi government will decide on Tuesday, at its cabinet meeting, on cutting sales tax on petrol and diesel to partially offset the Central price hike. Speaking to TOI, chief minister Sheila Dikshit said: “Consumers are hard hit and we have to consider their concerns. On Tuesday, we are holding a cabinet […]

Oregon Governor Kicks Off Construction Of New Science Facility

Eugene, Oregon – In a recent ceremony to celebrate the groundbreaking for the University of Oregon’s new Integrative Science Building, Governor Ted Kulongoski pledged to seek an upgrade of Oregon’s already strong efforts in nanotechnology, the development and use of devices that are only a few nanometers in size, smaller than many molecules. “Nanotechnology is […]

Oil price fall may be slow to kick in

Reserve Bank governor Alan Bollard’s prediction that oil prices have peaked and will fall should be right, but it may take longer than he expects. NEW ZEALAND – Oil hit $US75 a barrel in April but fell to less than $US70 this week. The Reserve Bank is assuming another $US20 fall in the next two […]

The Last Refuge

Times Online – We have trashed the planet we call home. But what can we do to prevent billions frying to death, while an elite is forced to build homes in the Arctic basin? Even among environmentalists, there is precious little consensus. Bryan Appleyard reports on the bitter battles being fought to save the Earth […]

Oil spike teaches O’Leary a hard lesson in hedging

U.K. – It wasn For many years, Ryanair

China’s thirst for oil rattles old order

ZHENHAI, China – China’s surging appetite for energy is engraved in the landscape of this gritty port city: waterfront piles of coal, gas pipes snaking along grimy roads, and tankers anchored amid islands where pirates once lurked. Zhenhai is at the heart of a global energy revolution. As China’s leading oil receiving center, the city […]

The End of Cheap Oil: My Peak Oil OpEd

It is hard to overstate the impact the impending decline in global oil production will have on society. We tend to take all the modern inventions and conveniences for granted, but many are only possible with cheap energy. Our current standard of living should really be viewed largely as a historical anomaly caused by an […]

Indian Point Nuclear or LNG

The Oil Drum NYC – The Indian Point nuclear facility in Westchester has long been controversial. Fears of a Chernobyl or Three-Mile-Island accident near one of the nation’s most densely populated areas has long been a source of anxiety for nearby residents and elected officials. Then, following the attacks of 9/11, when one of the […]

DJ Fitch: New OPEC Members May Cap Production Development For Oil Majors

DowJones Newswires – Fitch Ratings says the possibility of Sudan and Angola joining OPEC reduces the medium-term growth prospects for international oil companies (“IOCs”) operating in these countries. “Angola and Sudan represent major sources of additional medium-term supply growth in Africa,” says Isaac Xenitides, Senior Director in Fitch’s Energy team. “Joining OPEC in the future […]

Mexican Oil Industry Threatened

San Jose Mercury News – The cocoa farmers still lie awake at night, deathly afraid of an explosion like the one that turned the sky into a fiery hell and killed eight people in this village last July. But even here, months later, the nightmares haven’t changed people’s attitude about who should control Petroleos Mexicanos, […]

Don’t Blame Us for Energy Supply Woes, Says Russia

(Reuters) – Russia launched a robust defence of its reliability as an energy supplier on Saturday, saying sky-high oil prices had resulted from soaring demand rather than supply disruptions. Finance Minister Alexei Kudrin backed Gazprom’s drive into foreign energy markets, and said the gas monopoly was not to blame for a gas price dispute with […]

BP’s Browne Sees Sharp Fall in Oil Prices – Spiegel

(Reuters) – Oil prices could fall to around $40 a barrel in the medium term and drop further in the long run on the back of steadily rising supplies, John Browne, the chief executive of BP Plc (BP.L: Quote, Profile, Research) said in a magazine interview. “We cannot really count on oil prices easing very […]

Sustainable Architecture Can Help Reduce Carbon Dioxide Emissions

Addressing the conferees packed into the Corcoran Gallery of Art auditorium, New Mexico architect Edward Mazria delivered a sobering, persuasive opening presentation about carbon dioxide and global warming. He also delivered a daunting challenge to architects: Design all new buildings, whatever the type, to use half the fossil fuel energy used now by buildings of […]

Brown’s backing clears way for a nuclear future

Gordon Brown backs more nuclear power stations in Britain in a move today that makes it certain that the Government will soon approve the commissioning of new plants. Any hopes of anti-nuclear campaigners and many Labour MPs that a change of prime minister might see a reversal of Labour’s pro-nuclear stance will be extinguished by […]

Roads need money infusion

The Hernando County Public Works Department needs another $1.4-million a year to keep local drivers on asphalt and out of potholes, said department director Charles Mixson. “In six or seven years, we’re going back where we started if we don’t get some more funding,” Mixson told the board. Mixson spends about $6-million a year maintaining […]

Are biofuels the answer?

As worldwide fuel consumption continues to rise, experts say biofuels such as biodiesel and ethanol are becoming more attractive energy alternatives. ‘Biofuels have the potential to meet a significant share of our global transportation needs,’ said Christopher Flavin, president of the WorldWatch Institute. Such fuels not only aid the agriculture industry but can also enhance […]

US outflanked in Eurasia energy politics

The quest for energy control has informed Washington’s support for high-risk “color revolutions” in Georgia, Ukraine, Uzbekistan, Belarus and Kyrgyzstan in recent months. It lies behind US activity in West Africa, as well as in Sudan, source of 7% of China’s oil imports. It lies behind US policy vis-a-vis President Hugo Chavez’ Venezuela and President […]

Rivers of unwanted wine to turn into biofuel

European vehicles will be running on distilled French and Italian wine again this summer as the upcoming season’s surplus production from European vineyards is turned into biofuel. Up to 510 million litres of this year’s surplus wine will be made into bioethanol that can only be used as biofuel or industrial alcohol, the European Commission […]

South Africa: Energy World Eyes Sasol in Qatar

Sasol could well be on the verge of becoming a global energy heavyweight after taking the rather courageous step of building the world’s first commercial-scale plant turning natural gas into diesel and other fuels — and doing so at what seems to be precisely the right time. If its Oryx gas-to-liquids project it opened in […]

Shell to pick a renewable energy source, not yet

Royal Dutch Shell will pick a renewable energy source for commercial production but it is much too early to tell which one, its Chief Executive said on Friday. “We don’t know which form of energy will win, and we don’t know how quickly we will know,” Jeroen van der Veer said at a meeting of […]

Malaysians urged to change energy use patterns

Malaysians need to change their energy consumption and production patterns in order to adapt to global challenges, Minister of Energy, Water and Communications Datuk Seri Dr Lim Keng Yaik says. The minister said energy security and sustainability, including ensuring a minimum impact on environment, will require everyone to play a crucial role so that “all […]

Carnahan warns about energy scams

Secretary of State Robin Carnahan urges Missouri investors to be wary of fraudulent oil, gas and alternative energy solicitations over the next several months. With higher gas prices at the pumps and increasing natural gas, propane and fuel oil costs, the Missouri Securities Division in Carnahan suntimesnews

Oil could peak by 2010

Global oil production is expected to peak as soon as 2020, according to Total CEO Thierry Desmarest quoted by Bloomberg. He said natural gas production may rise to its highest level between 2030 and 2040 before falling. ameinfo

G8 seek sustainable economic expansion

Finance ministers from the Group of Eight (G8) economic powers were set to appeal on Saturday for solidarity with fast-growing economies such as China to nurture non-inflationary economic growth worldwide. Meeting in St Petersburg, the ministers were set to issue a statement of confidence in economic growth in 2006, highlighting fears nonetheless over high oil […]

Electric cars coming to a city near you

Don’t write off electric-only cars. Nissan believes plug-in electric cars could still have a serious presence in big cities. The Japanese carmaker has just released its first petrol electric hybrid model (with Toyota technology) in the United States, but is not convinced hybrids are the solution. “We are not going down one road and one […]

The biggest solar power plant ever!

Portugal has recently started construction on what is to be the largest solar energy collection facility in the world. The project will employ some 52,00 photo voltaic cells when completed, and will pump out 11 megawatts of clean renewable energy. The construction of this plat will cost roughly $70 million US dollars. Tack on a […]

New investment in nuclear power is risky

Energy conservation and renewable energy such as wind power would be a better investment for U.S. taxpayers than subsidies for new nuclear plants, according to a study released on Thursday by several environmental, health and public interest organizations. yahoo

Crude Oil May Decline Next Week

Crude oil may decline as concern eases that shipments will be disrupted from Iran and Iraq, holders of the world’s second- and third-biggest oil reserves. Twenty-four of 43 analysts, traders and brokers, or 56 percent, said prices will drop next week. Nine projected a gain and 10 said oil will be little changed. It was […]

Indian President Calls for 60M Tonnes of Biodiesel/Year by 2030

In a speech today to the Biodiesel Conference Towards Energy Independence, Indian President A. P. J. Abdul Kalam called for a national goal of producing 60 million tonnes of biodiesel (about 18 billion gallons US) per year by 2030. India currently consumes about 120 million tonnes of oil per year, 90% of that for transportation. […]

Diesenol(TM) Substitute for Conventional Diesel and BioDiesel Fuel

XcelPlus International Inc. (Other OTC:XLPI.PK – News) recently announced that it had secured exclusive world-wide production and distribution rights for Diesenol(TM) an ethanol-based substitute for traditional diesel and BioDiesel fuel, and FlexTek bi-fuel converter for gasoline powered vehicles. Due to some confusion, XcelPlus would like to clarify some points about Diesenol, which is a renewable […]

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