Public must ensure jobs stay in U.S. by investing in cars of future

W hat will the price of gas be at this time next year? Considering supply and demand, the hurricane season, conditions in Iraq and a host of other factors, it is unpredictable. The price of gas dramatically affects consumer demand for different vehicles. This presents a dramatic challenge for all automakers. Members of the United […]

Bio-energy: dream or nightmare for biodiversity?

As the European Commission brings bio-energy into the spotlight with a view to promoting its production in Europe, BirdLife International has been exploring the issue in depth, to discover what growth in the ‘new industry’ could really mean for the environment and birds. “If managed sustainably, the use of biomass, biogas and biofuels could help […]

Latin America’s unrealised energy potential

Some experts estimate that in 15 years from now those reserves will be close to being exhausted. That means that the United States will have to look to other sources for natural gas. If Canadian natural gas is no longer available via these pipelines, then the United States will have no choice but to import […]

FUTURE BRIGHT FOR GAS SUPPLIERS: YERGIN

Gas will continue to expand it role in energy markets in the coming decades and will become a more globally traded commodity than ever before, world energy and geopolitics expert, Daniel Yergin predicts. And gas giant Russia will play an increasingly important role in this scenario, he says: “Russia is a big player for Europe. […]

Bolivia’s gas plan may hit Chile’s supply

Chile could face power shortages as a result of Bolivia’s plan to nationalise its gas sector, energy experts have warned. More than a third of Chile’s energy generating capacity is supplied by gas, all of which is imported from Argentina. But in order to fulfil its export commitments to Chile of about 15m cubic metres […]

Hurricanes and Sand Storms, Some Thoughts on the Coming Months

The Oil Drum – The EIA has come out with quite a thoughtful piece on likely hurricane damage which includes an attempted prediction of the impact that this coming storm season might have on refinery output in the Gulf. They have plotted previous years effects, to show how unusual last year was. Note that PADD […]

Roger Blanchard on the Future of Global Oil Production (Audio)

Global Public Media – Roger Blanchard, author of The Future of Global Oil Production: Facts, Figures, Trends And Projections, by Region talks about his book with GPM correspondent Jason Brenno. Blanchard is Associate Professor of Chemistry at Northern Kentucky University. He teaches a course covering energy and energy resources and has a particular interest in […]

U.S. Must Develop Oil Alternatives

StatesmanJournal.com – Kenneth S. Deffeys in his 2005 book “Beyond Oil” has utilized the same techniques that Hubbert used, and predicted that global oil production would peak in late 2005. Whether the year is 2005 or 2010 at the latest, the fact is oil is a nonrenewable resource and global production will peak one day. […]

GM Hopes $1.99-a-Gallon Gas Offer Moves Its Fuel

Here’s a way to boost fuel economy: Buy one of General Motors Corp.’s gas guzzlers and fuel will cost only $1.99 a gallon for the next year. On Wednesday the automaker unveiled the promotion for California residents in hopes of moving some of the vehicles off dealers’ lots. Four of the 11 eligible models are […]

Renewables: 25% of Energy Use in ‘25?

Christian Science Monitor – With gas prices at $3 a gallon as far as the eye can see, plus increasing prospects of global warming and war in an oil-rich part of the world, the heat is on to wean the nation from fossil fuels. In Washington this week, a bipartisan group of lawmakers, industry leaders […]

C. Africa Oil Production Down

(UPI) — Oil production in Central African countries is expected to drop by 15 percent in the next three years, the Bank of Central African States said in a recent report. Production levels in five of the six nations in the Central African Economic and Monetary Community, or CEMAC, will drop from 59.3 million tons […]

Russia fixes $65.2 price for first rubles oil deal

MOSCOW, June 8 (RIA Novosti) – The Russian Trading System, Russia’s premier stock market, announced Thursday the first futures contract on Urals oil blend had been concluded at $65.2 per barrel and the trade in gold futures had started. The first oil deal was denominated in rubles (1751 rubles) based on prices calculated by the […]

Biofuels to provide 75% of US transport fuels

The Worldwatch Institute released a report this week, “Biofuels for Transportation: Global Potential and Implications for Sustainable Agriculture and Energy in the 21st Century”. The report was presented on Capitol Hill by the likes of World Bank President Paul Wolfowitz, USDA Under Secretary Thomas Dorr, and James Woolsey. An excerpt from the press release: If […]

RTS Launches Ruble-Contracts in Oil, Oil Products and Gold

(RIA Novosti) – The Russian Trading System, the country’s premier stock market, starts Thursday trading in ruble-settled contracts for gold, oil and oil products, the RTS said. “Russia’s first trading in contracts for gold, crude, and oil products will start beginning June 8,” the RTS said. President Vladimir Putin said in his May 10 state […]

Iran Official: Oil Market Fragile Due To Oversupply

(Dow Jones)- The global crude oil market is losing stability as consuming countries’ strategic oil reserves rise by about 1 million barrels a day, an official at Iran’s Oil Ministry said Thursday, quoted by the ministry’s news agency, Shana. “The strategic crude oil reserves have currently shifted above a five-year average, and on average more […]

China Unlikely To Delay Filling Oil Reserves – Official

(Dow Jones)- China will push ahead with filling its oil tanks for strategic reserves by the end of this year, a senior researcher from the country’s top economic planning agency said Thursday. The government will obtain oil for the reserves “from two sources that aren’t very affected by international market (prices): domestic production (by state- […]

BP confirms receiving subpoena in Alaska over oil leak

British oil company BP PLC confirmed Thursday it had received a subpoena from a U.S. grand jury investigating a massive oil leak in Alaska. BP blamed the incident at Prudhoe Bay field in March, the largest ever spill on Alaska’s North Slope region, on a small hole caused by corrosion in a pipeline. “We are […]

OPEC Exports +210,000 B/D 4Wks to Jun 24-Oil Movements

(Dow Jones)- The Organization of Petroleum Exporting Countries’ seaborne crude oil exports are expected to rise by 210,000 barrels a day in the four weeks to June 24, a top U.K. tanker tracker said Thursday. Oil Movements said the rise to 24.85 million b/d from 24.64 million b/d May 27, shows that demand is rising […]

Norway May Oil Output Dn to 2.38M B/D

Schlumberger – Norwegian crude production in May was down around 270,000 barrels a day at 2.38 million barrels a day from the same month last year, the Norwegian Petroleum Directorate said Thursday. Output from the world’s third largest oil exporter has been declining from a peak production in 2000-2001 due to maturing fields and lack […]

World’s Largest Laundromat runs on solar power

BERWYN, United States (AFP) – The most popular feature of the self-proclaimed World’s Largest Laundromat is not the massive machines that wash eight loads at a time. It is the aviary. The 12 finches, two miniature doves and a yellow canary flirt and flitter in a cheerful glass-encased pen next to the coin machines. Some […]

Fuel prices more urgent than nuclear power, say farmers

AUSTRALIA – The National Farmers Federation says the Federal Government needs to urgently tackle high fuel prices, ahead of developing nuclear power. It is supporting another government inquiry into alternative fuels, which will look at whether a commercial biofuel industry is viable. NFF president Peter Corish says many farm petrol and diesel bills have risen […]

Hunters and Fishermen Want Action on Global Warming

In what might signal a turning point in environmental sentiment in America, a new poll of hunters and fishermen finds the majority think the country is on the wrong track with its energy policy and should be a leader in combating global warming. In the poll of licensed hunters and anglers, 76 percent said global […]

Industry calls for strike against fuel prices

Raipur, INDIA – An industry lobby in Chhattisgarh has called for a day-long strike across the state Saturday to protest against the hike in petrol and diesel prices.

Residents debate windmills on Great Lakes

ALGOMA, Wis. – A little red lighthouse. Boardwalks. The blue-green waters of Lake Michigan stretching to the horizon. It’s just another pretty-as-a-postcard view on the shores of this sleepy town of 5,700 a half-hour east of Green Bay. But how long the unspoiled vista in Algoma and in other communities along the Great Lakes will […]

Targeting air pollution, poor nations aid climate

BONN, Germany (Reuters) – China’s car efficiency standards are tougher than those of many industrial states — a somewhat surprising fact that reveals how efforts by developing nations to limit pollution may also help brake global warming. Many poorer nations argue that, for them, development must take precedence over saving the planet. But they also […]

Canada wrests oil from sands, but at what cost?

AURORA MINE, Alberta (Reuters) – Canada’s vast oil sands, the biggest source of oil outside Saudi Arabia, don’t give up their riches easily. Mining the earth for molasses-like bitumen that can be turned to oil involves clearing vast swaths of land, stripping off layers of soil and digging out lake-sized holes with giant shovels that […]

Tiny gas-sipping Smart cars may come to the U.S.

The loss-making city car from Mercedes-Benz may finally be headed to America. NEW YORK (FORTUNE) – You can see tiny Smart cars, those egg-shaped two-seaters, doubled up in parking spaces or sitting on city sidewalks all over Europe, where they have been sold since 1998. But Smart has never come to the United States. The […]

Insurgent attacks on Iraq’s oil sector

Iraq’s oil sector — hobbled by decades of war, sanctions and underinvestment — may derive little benefit from the death on Thursday of Iraq’s al Qaeda leader Abu Musab al-Zarqawi, analysts said. Relentless sabotage has so devastated infrastructure in the north of the country that oil exports from Iraq’s giant Kirkuk field are unlikely to […]

Revolution! Britain embraces the bicycle

Britain is in the grip of a cycling revolution as clogged roads, concern at global warming caused by air pollution and the quest for improved fitness persuade millions to opt for pedal power. After a decade of stagnation in the number of bicycle journeys, new figures show there has been a dramatic leap in commuters […]

Nigerian militants abduct Koreans in gas plant raid

Armed militants kidnapped five Koreans and killed several soldiers in an attack on a small natural gas plant in Nigeria’s southern delta on Wednesday, authorities said. The Movement for the Emancipation of the Niger Delta (MEND) claimed responsibility and said the Koreans would be freed in exchange for a jailed militia leader who is on […]

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