OPEC President Says Group Doesn’t Model ‘Armageddon’ Over Iran

(Dow Jones)- The Organization of Petroleum Exporting Countries doesn’t factor the implications of a conflict over Iran’s nuclear energy program into its decisions over oil supply, the group’s President, Edmund Daukoru, said Thursday. “We don’t model Armageddon,” Daukoru said at a press conference after ministers agreed to leave their production levels unchanged.NASDAQ

Green building goes big

Developers are starting to incorporate environmentally sound building techniques in their multi-home projects. NEW YORK (CNNMoney.com) – With oil piercing the $70-a-barrel barrier and natural-gas prices quadrupling since the late 1990s, the use of green construction in large-scale, multi-home developments is taking off. Helping the change is that green techniques and materials are increasingly becoming […]

2006 SustainLane US City Rankings

Welcome to SustainLane What have we learned? We

Seeking an Energy Breakthrough

The United States of America is sinking deeper and deeper into an energy crisis. Informed people already understand this along with the growing danger to our national security. There may be something constructive that a group of motivated citizens can do to move us faster towards achieving energy independence. This article contains an ACTION PLAN […]

Americans Not Warming Up to Nuclear Power

Bush Administration Making Little or No Headway in Selling Nuclear Power Option; Doubts, Worries About Nuclear Power ‘Strikingly Bipartisan’ … Only Nonvoters Seem Game Despite a major sales push by the Bush Administration and the electrical utility industry, nuclear power is viewed in a deeply skeptical way by a “strong and strikingly bipartisan majority” of […]

Uruguay in Crisis, Restricts Energy

Montevideo (Prensa Latina) – The Uruguayan government decided Tuesday to apply restrictions regarding use of electricity and to punish those breaking established regulations with suspension of service, official sources announced. The energy crisis affecting this nation is mainly caused by lack of rain, which has forced Uruguay to purchase electric energy from Brazil and Argentina […]

Are we building highways to oblivion?

Most Americans remain in denial or only somewhat aware of the reality of peak oil, climate change and the fiction of unlimited growth. Government is doing little to dispel those notions. While the fact of finite resources is immutable, the politicians plan to build more and bigger roads, pledging hundreds of billions of dollars to […]

Energy Strategies for the Mining Industry: A Strategic Perspective

CAMBRIDGE, Mass. (Frontier Strategy Group) — While mining companies understand that oil prices and energy costs have an enormous impact on their bottom line, few companies have focused in a coherent way on both the challenge and the opportunity presented by the current energy price environment to the mining industry. Neglecting the development of energy […]

Renewable Energy Crisis Renewed

Oil prices have been on everyone There has been talk of protecting renewable energy initiatives by putting a floor under the price of oil. While such price support would protect the renewable energy sector the idea has got short thrift in an article in the Washington Post by Jerry Taylor and Peter Van Doren of […]

An immovable obstacle to action on climate change

If you had to pick one company in America as the ultimate corporate villain, you might be hard pressed to find a better candidate than ExxonMobil. At a time of soaring petrol prices and growing public anger over the cost of filling up cars and trucks, ExxonMobil is not only making money hand over fist […]

OPEC moots enlargement to seize bigger oil share

CARACAS (AFP) – OPEC oil producers have held informal talks on admitting Angola, Sudan and possibly Ecuador into their ranks in a move that would tighten the cartel’s grip on world oil supply. The Organization of the Petroleum Exporting Countries has to weigh the added production of the countries against the political fallout of admitting […]

OPEC Exports -120,000b/D in 4Wks to Jun 17-Oil Movements

Schlumberger – The Organization of Petroleum Exporting Countries’ seaborne crude oil exports are expected to drop by 120,000 barrels a day in the four weeks to June 17 compared with the previous four-week period, a leading tanker tracker said Thursday. U.K.-based consultancy Oil Movements said the drop, to 24.75 million b/d from a revised 24.87 […]

Iran and Venezuela Will Build an Oil Refinery, IRNA Reports

(Bloomberg) — Iran and Venezuela will jointly build an oil refinery in the Venezuelan region of Faja region, the Iranian state news agency IRNA reported today, without saying where it got the information. “The refinery will be designed to refine heavy oil and produce gasoline and other oil derivatives,” the report said.Bloomberg

Era ends: Oil, gas are finite resources

When the president in his State of the Union Address said the nation must end its addiction to foreign oil, underscored an end of an era. Namely cheap oil. In this regard, the Fox News on April 22 was full of news of gas being at $5 a gallon this summer. The United States is […]

OPEC to keep oil output at full capacity

OPEC on Thursday prepared to leave oil supply quotas unchanged and keep pumping at full capacity, rejecting a push for a production cut by host Venezuela, the cartel’s leading price hawk. The Organization of the Petroleum Exporting Countries worries that $70-a-barrel crude could backfire on it by slowing global economic growth and fuelling investment in […]

Venezuela Backs Plan to Sell Oil in Euros

Houston Chronicle – Venezuela’s oil minister said Thursday that he backs the idea of selling oil in euros instead of U.S. dollars, a proposal also supported by fellow OPEC member Iran. “Iran has an initiative that we support. They are going to start to do oil transactions in euros,” Oil Minister Rafael Ramirez said in […]

Green week debate: ”biodiversity 2010 target is unrealistic”

Humanity could be heading for collapse if there is no “radical rethinking of our cities, consumption patterns, food production and our energy economy”. This was the bleak message of the Green Week session on the EU’s ‘ecological footprint’. Mathis Wackernagel, one of the founders of Ecological Footprint Accounting, presented an overview of the research done […]

Chinese energy spending soars; Saudi market crashes

What country is the top investor in renewable energy? Experts say it is China. About one of every $6 spent globally on such energy is spent by the Chinese. While China focuses on the development of alternative energy, Saudi Arabia is angered and upset about the recent collapse of its bourse or market, the largest […]

Higher energy costs take toll of Corus

Steel maker Corus said it intended to play a part in any further industry consolidation as it unveiled a 69pc drop in first-quarter profits. Corus has announced steel price rises for the second and third quarters, after a decline in the first three months of the year. It said: “The group’s performance is expected to […]

Iran: Oil everywhere, but not enough to fill gass tanks

Iran is flush with huge oil reserves and cash, but – ironically – a refinery shortage leaves it heavily dependent on imported gasoline and diesel to keeps its cars and trucks rolling. That’s one reason the country – already beset with serious economic troubles – is desperate to avoid UN sanctions over its nuclear program.Concern […]

China to complete 4 oil reserve bases by 2008

Xiong Guangkai, director of the Institute for International Strategic Studies of China, proclaimed in his article that China had made a plan for the first-phase construction of four strategic oil reserve bases in 2004. The oil reserve base in Zhenghai region of Zhejiang Province has been basically completed at present and will be put into […]

China, Arab states to hold first oil meeting

China and Arab states will hold their first meeting on oil issue at some time between the year of 2006 and 2008, according to an action plan issued in Beijing on Thursday. The two sides vowed to establish a dialogue mechanism to further promote their energy cooperation. Under the mechanism, China and the Arab countries […]

This planet is running out of oil

Brian Fisher, executive director of the Australian Bureau of Agriculture and Resource Economics, says alternative fuels will ensure that, in real terms, oil prices will stay below $US40 for the next 50 years. If this is so, this is fabulous news: we can keep the Pajero and roll out more motorways, and large fuel users […]

EU to urge energy cuts to curb greenhouse effect

European households will be urged to turn down their heating and switch off electrical appliances as part of an official drive to reduce greenhouse gas emissions and meet Kyoto protocol targets. The new European Commission campaign, aimed at raising awareness of how simple actions can have a significant impact on climate change, comes amid warnings […]

On catabolic collapse

A couple of years ago I wrote an article titled “How Civilizations Fall: A Theory of Catabolic Collapse” — quite the cheerful topic, granted, but it’s relevant nowadays in more than an academic sense. I’ve never been able to find much common ground with the neoprimitivist types who insist that civilization is an awful idea […]

Energy independence or emergence of U.S. oil imperialism?

It’s become crystal clear that controlling oil access is the cornerstone of U.S. Middle East policy. But now, given the tough situation Washington is facing in the region in response to its continuous attempts to transform the region, planning regime changes in many states, laying hands on the Middle East and the Arab world oil […]

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