Europe fears new energy crisis as Russia gas row flares

Europe could be heading for a new energy crisis as Russia and Ukraine trade blows in an escalating price war that threatens to trigger a re-run of January’s cuts in Russian gas exports to the continent. As rich nations prepare for talks on energy security next month in St Petersburg, Europe is on edge as […]

Mountain glaciers are melting at a fast rate

Ice on Earth’s mountain glaciers is melting at a fastest rate in 5,000 years as a result of an unprecedented period of global warming, according to scientists who have studied ice cores taken from mountains ranging from Andes in South America to Himalayas in Asia and found that climate change is leading to destruction of […]

More info on overseas oil deals needed: Senate

The report by the Senate’s Permanent Subcommittee on Investigations finds that U.S. regulators, including the Commodity Futures Trading Commission, lack the ability to track “futures look-alikes,” over-the-counter contracts that are based on U.S. futures contracts and traded overseas. In particular, the panel said that U.S. crude oil, gasoline and heating oil contracts traded on the […]

China Resource Demand Changes Economic Map

China’s huge hunger for energy and other resources needed to feed its juggernaut economy is creating a profitable bond with commodity exporters, helping to refashion global markets and trading alliances. moneycentral

US Drivers Support Expansion of E85 Refueling Network

The House of Representatives will soon vote on a bill that would significantly increase the number of gas stations with ethanol or E85 fuel pumps nationwide. According to a just-completed series of snap polls conducted across the Autobytel online network, slightly more than half of the respondents support a greencarcongress

The Scandinavian Hydrogen Highway Partnership officially formed

The formation of the Scandinavian Hydrogen Highway Partnership (SHHP) was today announced as the three hydrogen networking bodies of HyNor (Norway), Hydrogen Link (Denmark) and HyFuture (Sweden) rendezvoused in Copenhagen for its inaugural meeting. The three organisations are each representing a network of actors from industry, local government, universities and other organisations in each respective […]

U.S., China Race for Mideast Oil

As Asian demand for oil has increased, Middle Eastern reliance on American oil consumption has fallen. Consequently, U.S. influence within the Middle East, Saudi Arabia in particular, is eroding. If these trends continue, America will reach the point where it needs Middle Eastern oil more than the Middle East needs U.S. money. Perhaps nothing illustrates […]

African countries struggling with high oil prices

Many African countries are facing economic hardship due to soaring oil prices and the establishment of an oil fund to mitigate the negative effects is under way, said a senior African Union (AU) official Banjul Monday. World oil prices, one of the determining factors of global economic performance, continue posing a threat to the world […]

German June Inflation Accelerates on Oil, ECB May Raise Rates

A 17 percent increase in oil prices in the past year is boosting inflation in Germany and other euro nations, prompting the European Central Bank to raise interest rates three times in the past six months. Investors expect the bank to act at least twice more by the end of the year, futures trading shows. […]

Uganda: Manufacturers Not Suprised By Decline in Performance

From January this year, when the country’s power supply shortages suddenly plunged for the worst, manufacturers started warning that production would plummet and that the sector, a key pillar of the economy, would be devastated. Aware of the situation therefore, industrialists were hardly surprised by the announcement by Finance Minister Dr Ezra Suruma on June […]

Kuwait: How much oil do we really have?

For quite some time Kuwait’s official oil reserves have remained static, hovering around an agreed figure of 94 to 99 billion barrels of proven oil, although some sources put it as high as 101.5 billion. However, in a series of controversies revolving around the oil industry and its global implications, it has been revealed through […]

Why China’s energy saving drive may be wasted

To curb wasteful energy consumption that has arisen because of the unfettered pursuit of high-speed growth in gross domestic product (GDP), China has begun to introduce energy efficiency as a yardstick to evaluate the performance of local officials. However, if Beijing fails to find effective measures to stop the malpractice of falsifying economic statistics at […]

Tymoshenko’s declarations may lead to new European gas crisis

A combination of events, demands and potential price rises could spark a new European energy crisis. The chief elements converging now are calls by Ukraine’s prime minister designate to re-visit the gas agreement reached with Russia at the beginning of the year, new demands by Turkmenistan that Russia pay USD100 per thousand cubic meters of […]

The origins of the Great War of 2007

Are we living through the origins of the next world war? Certainly, it is easy to imagine how a future historian might deal with the next phase of events in the Middle East: With every passing year after the turn of the century, the instability of the Gulf region grew. By the beginning of 2006, […]

Water Outperforms Oil, Luring Pickens, GE’s Immelt, Guy Hands

(Bloomberg) — Jean-Marie Messier lost billions of euros turning the world’s biggest water company into entertainment conglomerate Vivendi Universal SA. He should have stuck with water. The lack of usable water worldwide has made it more valuable than oil. The Bloomberg World Water Index of 11 utilities returned 35 percent annually since 2003, compared with […]

Challenges Stifle Norway Crude-Oil Output

WSJ – Norway, the world’s third-largest oil exporter, is battling to stem falling crude output as high costs, maturing resources and labor disputes threaten to undermine near- and long-term production goals. For years, the Nordic country has been a top supplier of crude to world markets, particularly Europe and the U.S. Despite record oil prices […]

Louisiana Oil Spill Blocks Refineries For 5th Day

(Dow Jones)–The halt to vessel movement in western Louisiana waterways, shut for five days because of an oil spill, eased slightly over the weekend but didn’t reopen the waterway that serves as a major crude oil supply route to local refineries. Refiners have so far not tapped one means of alternative crude oil supply – […]

Peaksters on the Potomac

EnergyBulletin.net – For five years the peak oil movement has been largely the province of internet conspiracy buffs, church basement conferences and esoteric debates among petroleum geologists and scientists about statistical data few can understand. Last month, however, oil EnergyBulletin.net

The Oil Drum: Natural Gas Concerns Continued

This past week has been one where, despite the torpor that starts to fill the summer press, the progress of reality across the energy supply situation is beginning to make its uncomfortable presence known in the MSM. We have, it appears, reached that time where demand destruction, a phrase I heard for the first time […]

IEA: ”World not on course for sustainable energy future”

The new IEA (International Energy Agency) publication “Energy technology perspectives 2006. Scenarios and strategies to 2050″ has been written in response to the G8 leaders meeting at Gleneagles in July 2005. The report sketches a bleak picture of current energy trends. Even “taking account of energy efficiency gains and technological progress that can be expected […]

Kerry outlines updated energy plan

Kerry proposed a hard target of reducing U.S. oil consumption by 2.5 million barrels per day as of 2015 — an amount equal to the volume of Middle Eastern oil currently used in the country. In part, he suggested achieving that goal by requiring oil companies to provide at least one ethanol pump at their […]

How Economic Freedom Can Increase Oil Supplies

Although today’s prices give private companies an incentive to drill, Brown and Alm note that government ministries often treat the oil industry as a cash cow, choosing to rake in revenue while forgoing investments in new capacity. Or they may simply prefer to gain from artificial, politically-induced high prices. For example, Saudi Arabia maintained relatively […]

End of the oil age in sight?

For instance, transport consumes well over 60 percent of America’s oil needs. Ultra-light cars and trucks, fuel-efficient aircraft constructed of revolutionary new materials, hybrid vehicles with fantastically high mileage per liter of fuel — all these things are already rolling forward. It needs only a few well-placed incentives and tax breaks to unleash a vast […]

Time to Get Over Those Oil `Dependency’ Blues

Boycotting oil from a specific country doesn’t harm it enough to provoke policy changes. Reducing U.S. demand, whether through boycotts or use of hybrid technology, won’t significantly reduce world energy demand. The Iranians can just sell their oil to somebody else. It can make just as much money selling oil to Japan as it would […]

Peak oil fears drive search for alternatives at the pump

In fact, companies and investors like BP, Shell, DaimlerChrysler, Dupont, Archer Daniels Midland, Cargill, Richard Branson, Bill Gates, Vinod Khosla and the global investment firm Goldman Sachs are plowing significant amounts into biofuels. BP chief executive Lord John Browne expects demand ‘to rise significantly through the next decade’ in answer to consumer desires for less […]

Supreme Court to hear ‘greenhouse’ gas case

The Supreme Court agreed today to consider whether the Bush administration must regulate carbon dioxide to combat global warming, setting up what could be one of the court’s most important decisions on the environment. A dozen states, a number of cities and various environmental groups asked the court to take up the case after a […]

Solar silicon shortage to end in 2008

A shortage of silicon, a key material in making solar panels, is slowing the growth of the solar energy sector but the problem is set to ease by 2008, executives told a conference. Sales of photovoltaic solar panels are growing by around 35 percent every year as more countries implement incentives for this source of […]

A Power Grid for the Hydrogen Economy

Cryogenic, superconducting conduits could be connected into a “SuperGrid” that would simultaneously deliver electrical power and hydrogen fuel . We are part of a growing group of engineers and physicists who have begun developing designs for a new energy delivery system we call the Continental SuperGrid. We envision the SuperGrid evolving gradually alongside the current […]

SmartWay Partnership Targets Fuel Efficiency and Emissions Reduction Upgrades

The US EPA, the US Department of Transportation, Oregongreencarcongress

Power crisis pushing Uganda into recession

Finance Minister Ezra Suruma unveiled the 2006/06 financial year budget two weeks ago against a backdrop of falling revenue collections due to the energy crisis that has plagued Uganda. The theme of the budget was “enhancing economic growth and household incomes through increased production and productivity.” Dr Suruma outlined the three main purposes of the […]

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