China Crude Oil Imports May Decline, Says Cnooc’s Fu

(Bloomberg) — China’s oil imports, a driving force behind record prices, have “stabilized” and may decline within three years as government measures to conserve fuel take root, Cnooc Ltd. Chairman Fu Chengyu said. Shipments will stay near 130 million metric tons a year before dropping, helping global prices ease in the “long term,” Fu, who […]

India to Build Crude Oil Storage Facilities – Report

Forbes – India will start building its first strategic crude oil storage facility in January at Vizag in the southern state of Andhra Pradesh, a senior government official was quoted by the Wall Street Journal Asian edition as saying. The official was quoted as saying in an interview that the Vizag facility ‘will have a […]

Iran gains technology for refining heavy crude

Iran managed to gain the technology after India in the region for refining ultra heavy crude, obtained from southern Soroush and Norouz oilfields, MNA reported. Public Relations Department at National Iranian Oil Products Refining and Distribution Company (NIOPRDC) said on Tuesday that the crude is regarded ultra heavy as it contains extreme amounts of sulfur […]

Sharp Decline Forecast for World Cereal Stocks

World cereal end-of-season stocks are expected to decline 10% in 2006, due to a slight 1% decrease in global cereal output and growth in utilization, according to the latest forecast of the UN Food and Agriculture Organization (FAO). Increased demand is expected to be driven by a recovery in feed use due to a rebound […]

FIVE QUESTIONS WITH RANDY ZWIRN

Since the 1980s, over 5,500 Siemens wind turbines have been installed worldwide. Randy Zwirn, president and CEO of Siemens Westinghouse, recently talked with Houston Chronicle reporter Lynn J. Cook about growth in the sector. Q: Let’s talk about pricing. Is wind energy actually competitive today with other types of electricity generation? A: With higher gas […]

Lovins on Nuclear

Corporate Knights (CK): What is the status of nuclear power in comparison to other forms of energy production? Lovins: Micropower has already walloped nuclear in the marketplace worldwide. In 2004, micropower corporateknights

A complete list of things caused by global warming

and all on 0.006 deg C per year! numberwatch

Italy’s Eni reportedly close to deal in oil sands

Italian energy company Eni SpA is close to a deal in the oil sands, an Italian financial newspaper reports. Finanza & Mercati said Eni has a preliminary agreement for a bitumen licence where it would use a proprietary technology. Without identifying its source, the newspaper said yesterday that a final deal could be signed by […]

Mexican Crude Oil Exports, Output Slip in June

(Reuters) – Mexican crude oil exports and production slipped in June from the previous month, state oil monopoly Pemex said on Wednesday. Pemex said crude oil exports fell to 1.776 million barrels per day from 1.831 million bpd in May, while production dropped to 3.287 million bpd from 3.329 million bpd in May.Reuters

Airlines earnings show signs of recovery

Yahoo! News – Analysts said the results at Southwest and AMR Corp. indicated that the airline industry is making a comeback, albeit one that is threatened by uncertainty over the economy and fuel prices. “They proved they can make money at these fuel prices, at least in the busy second quarter,” said Ray Neidl, an […]

Why now’s the time to buy an SUV

MSN Money – $3 gas has turned guzzlers into white elephants. If you really need or want a big truck, the bucks you save could buy a lot of fuel. Here’s a piece of unconventional wisdom: Now may be a great time to buy that SUV. What? you sputter. Haven’t you seen the price at […]

DOE to cutoff access to energy info

Federal Register: July 19, 2006 (Volume 71, Number 138)] Computer Security; Access to Information on Department of Energy Computers and Computer Systems:Final Rule Sections 3235 and 3295(c) of the National Defense Authorization Act for Fiscal Year 2000 (NDAA) (50 U.S.C. 2425, 2483(c)) require DOE to promulgate regulations establishing certain requirements for access to information on […]

It is time for the people to lead

…it is the year 2031. The planet has continued warming at an alarming rate. Weather patterns are shifting and becoming increasingly extreme. Each new year breaks the records of the previous year. More tornados, hurricanes, and wild fires. Severe droughts and flooding combined with shortages of oil and natural gas have made food production increasingly […]

The Hottest Metal of Them All!

Uranium I don

Conflict or not, high-priced oil is now a part of life

On July 7, even before the sharp rise of tension in the Middle East and the Israeli attacks against Lebanon, the price of oil touched $75.78 in New York, its highest level once you adjust it for inflation since 1980 and the aftermath of the Iranian revolution. One of the most interesting aspects of this […]

Yukos takes Rosneft battle to high court

The London Stock Exchange (LSE) would look like a “thieves’ bazaar” if Russian oil group Rosneft is allowed to proceed with a controversial flotation tomorrow, a high court judge was told yesterday. The claim came from lawyers representing the Yukos oil group who called on the court to grant an injunction against the LSE and […]

Oil price spike ”very uncomfortable”: OPEC

ABUJA (Reuters) – The latest spike in oil prices is “very uncomfortable” and it is having a negative impact on the world economy, OPEC President Edmund Daukoru said on Wednesday. Daukoru, who is also Nigeria’s top oil official, told Reuters the Israel-Hizbollah conflict was responsible for the latest spike, which saw U.S. crude oil futures […]

Biofuels To Incite Grain Demand Shift

The burgeoning biofuels market is soon to spark a demand shift affecting grains and soy, one analyst said Tuesday at the Dow Jones Indexes-AIG Mid-Year commodity outlook event at the Chicago Board of Trade. “This is going to have a tremendous dislocation on grain demand,” said Dan Basse, President of AGResource Co. “I fear we’ll […]

Europe’s suppliers could decide to just save their energy

What if they leave the oil and gas in the ground? That unwelcome prospect emerged as the world’s leaders tiptoed round President Putin last weekend, like postmen negotiating their way past an irritable alsatian. Efforts to coax the Kremlin into ratifying the Energy Charter, a commitment to free energy markets, are losing momentum. Mr Putin […]

Deep water windfarm ‘key to EU energy plans’

The The Herald

German June Producer Prices Increase on Oil, Raw Material Costs

Producer price inflation in Germany, Europe’s largest economy, held close to a 24-year high last month, led by higher energy and raw material costs.Goods from plastics to newsprint were 6.1 percent more expensive in June than a year earlier, the Federal Statistics Office in Wiesbaden said in a statement today. Economists expected a gain of […]

UN backs Nigerian delta activists on oil wealth

A United Nations report on Nigeria’s oil producing Niger Delta has backed a call by local activists for the region to receive a greater share of its vast oil wealth. President Olusegun Obasanjo launched the report on Tuesday to coincide with a government initiative to address a rising wave of violence in the wetlands region […]

Peak oil preview: North Korea & Cuba

That peak oil is coming is no longer a question. It’s only a matter of when. The global food system we are familiar with depends crucially on cheap energy and long-distance transportation—food consumed in the United States travels an average of 1,400 miles. Does peak oil mean inevitable starvation? Two countries provide a preview. Their […]

Southern Africa: Region in Search of Energy Self-Sustenance

With a regional power shortage originally expected to occur towards the end of 2007 setting in sooner than projected, almost all SADC countries have embarked on projects to boost their electricity generation. Southern Africa’s power shortages were previously expected to hit the region in the last half of 2007, but events on the ground indicate […]

Niger: Protests Against Soaring Cost of Living

Hundreds of people turned out on the streets of Niamey on Tuesday to protest against high costs for fuel and other essential commodities. Demonstrators, organised by Nigerien civil society groups, called on the government of President Mamadou Tandja to reduce the price of fuel by 50 percent through slashing customs duties and taxes. They also […]

Heatwave trebles electricity prices

Electricity prices trebled on Tuesday, prompting idle power stations to start operating after the unusually hot weather led to shortages of power in the UK. Soaring temperatures led to a rise in demand for electricity to power air conditioners and refrigerators, but at the same time several power stations were out of action for repair […]

The Dirty Secret

We still need even better clean coal technology, but when it comes to reducing carbon emissions, the overriding research question is geological. No clean coal technology can forestall climate change without the aid of carbon dioxide sequestration. Unless the carbon dioxide from coal-fired plants is permanently stored somewhere, it will go into the atmosphere and […]

‘Energy Security Will Be One of the Main Challenges of Foreign Policy’

In a SPIEGEL interview, United States oil expert Daniel Yergin discusses fears of a global energy crisis, the growing confidence of oil-rich nations and changes in world politics caused by rising energy prices. Spiegel: Is the current scarcity just a question of capacity or also one of geology? There are quite a few experts who […]

Venezuela, China to Join on Oil Drills

Houston Chronicle – Venezuela plans to enter into a joint venture with China to manufacture oil drills, instead of buying them from U.S. companies, President Hugo Chavez said Tuesday. Chavez said during a speech in the Venezuelan capital of Caracas that China will “help us put together a factory to build oil drills.” He did […]

BP Shuts Down 12 Leaking Alaska Oil Wells

(Reuters) – British oil giant BP PLC has shut down 12 producing wells at its Alaskan operations after BP workers told the Financial Times that about 50 wells had leaked a crude oil or diesel fuel-based insulating agent, a BP Alaska spokesman said on Tuesday. “Fifty-seven wells out of a total of 2,200 have exhibited […]

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