Chad: Agreement With World Bank Over Oil Revenues

Chad and the World Bank have reached a new agreement about how the country will use its oil revenues, ending a six-month row that jeopardised a ground-breaking scheme that aimed to set aside petrodollars for the poor. Under the agreement, Chad said it would devote 70 percent of its budget to poverty reduction programs in […]

Bachelet announces “energy autonomy” in next two years

Chile will become in the next two years energy “autonomous”, cutting its current Argentine dependency and cooling a “national security”, announced President Michelle Bachelet. The plan includes several ambitious projects which will eliminate the vulnerability of the Chilean economy and put an end to virtually the only bargaining chips neighboring countries such as Argentina and […]

Russian energy model challenges OPEC

The OPEC model has been limited to crude oil; the Russian model aims at covering supply of both crude oil and natural gas. The OPEC model has been limited to regulating supply and price, according to the swing-producer mechanism. Until now, this role has been played by Saudi Arabia, with its global lead in crude-oil […]

Green energy firm on verge of collapse due to lack of orders

A company at the forefront of Scotland’s booming renewable energy industry is facing closure, raising concerns about the wider health of the sector. Crunch talks are being held to secure the future of the Western Isles firm Camcal and its 80 staff after delays in a new order left it facing collapse.Scotsman

Senator to introduce landmark bill cutting fossil fuel emissions

U.S. Sen. James Jeffords this week will introduce a measure that would dramatically curb carbon emissions in the United States over the next 50 years. The bill, Jeffordstimesargus

Fog of War Obscures Way Ahead for Black Gold

The Herald – Forget $76 or $78 a barrel. More and more players in the oil business are resigned to facing the $100 barrel before long. Others talk openly of the $200 – or even the $300 – barrel. But war and global conflict are not regarded as the main drivers in this seemingly inexorable […]

Plan? What Plan? Alberta’s Energy Future

Canadian Business Online – The blueprint, which was recently sent to “energy stakeholders” for comment, is billed as the vision of Greg Melchin, the politician in charge of Alberta’s powerful ministry of energy (which supplies the province with about 33% of its revenue). It calls for “an aggressive pace of development” for oil, gas and […]

Imports to Meet 50% of China’s Oil Needs by 2010 – Report

(Dow Jones)- Half of China’s oil needs is likely to be met by imports by 2010 as production continues to decline at domestic oil fields and consumption grows, the China Securities Journal reported Tuesday, citing a domestic think tank. This would mark a sharp increase on 2004 when oil imports met 44% of total domestic […]

All Energy for Europe Could Come from Concentrating Solar Power

A study commissioned by the German Government shows in detail how Europe (including the UK and Ireland) can meet all its needs for electricity, cut emissions of CO2 from electricity generation by 70% by the year 2050, and phase out nuclear power at the same time, using concentrating solar power (CSP), according to a release […]

Future Tech: Lab Tours – Energy

Yes, we’re on the verge of exhausting the oil, gas, and coal we’ve come to depend on over the past 150 years. Demand for these fossil fuels will exceed supply by the year 2020, according to the Department of Energy’s National Energy Technology Laboratory. But our one and only planet offers another natural fuel that […]

Oil’s Not Well in Canadian Sands

With all of the uncertainty in the Middle East, the U.S. government is continuing to cozy up to its important oil supplier to the north. However, according to Western Oils Sands, one of the major players in the oil sands project, the cost of extracting the oil is “skyrocketing.” wired

An island nation far along the (rocky) road to sustainability

Much of last month’s visit to Iceland by a group of international automotive journalists involved test drives of the new European editions of the mid-size Mercedes-Benz M-Class and full-size GL-Class sport-utility vehicles. The U.S. versions of those models were introduced last year. The essential difference between the two groups is that the European models are […]

Crisis prompts Japan to cut heavy reliance on Middle East oil

The latest Middle East crisis has re-awakened Japan to the need to reduce its heavy reliance on oil from the volatile region and should spur it to step up efforts to secure alternative energy suppliers. “Japan should seriously take action to secure alternative energy sources,” said Hiroyuki Aoyama, an expert on the Middle East at […]

China, India not ready to cut emissions – U.N. official

Developing countries are unlikely to commit to curbing their rising carbon emissions because they believe rich nations are not doing enough to tackle global warming, a top United Nations official said on Monday. British Prime Minister Tony Blair told Britain’s Guardian newspaper last week he wanted to bring five fast-growing nations into the G8 group […]

EPA: US MY2006 Light Duty Vehicle Fuel Economy Same as 2005

Model year 2006 vehicles offer an average estimated fuel economy rating of 21.0 mpg. This average is the same as last year and in the middle of the 20.6 to 21.4 mpg range that has occurred for the past fifteen years, and five percent below the 1987 to 1988 peak of 22.1 mpg, according to […]

Ford Begins Production of V-10 Hydrogen-Fueled Engines

Ford has kicked off production of its dedicated hydrogen-fueled 6.8-liter V-10 engines, making it the first automaker in the world to do so. The engine is based on the same modular engine series that powers many Ford products, but is specially prepared to burn hydrogen as a fuel. greencarcongress

Ford to Invest 1 Billion Pounds to Develop Technology

Ford Motor Co. will invest 1 billion pounds ($1.84 billion) over the next six years on U.K. research and development to improve the fuel efficiency of its vehicles and offer customers a greater choice of engines. “We are talking about a suite of technologies,” Lewis Booth, Ford’s European executive vice president, said in an interview […]

Britain Set to Sizzle in Hottest Temperatures Ever

Breitbart.com – Britain could soon swelter in the highest temperatures ever recorded, weather forecasters said, with a 30 percent chance that Wednesday will become the country’s hottest day ever. Temperatures of 37 degrees Celsius are expected in southeast England and forecasters at Britain’s Meteorological Office say one or two areas could experience 39 C (102.2 […]

Thinking the Unthinkable

Countercurrents.org – There are many fascinating and exciting renewable energy developments. Wind turbines, solar energy, geothermal, biomass, wave and tidal power schemes which are all important energy sources for the future – and could at least help keep the electricity grid going to some degree! The popular assumption is that these renewable energy sources, perhaps […]

OPEC Sees Demand For Its Crude Down By 0.7 Mln Bpd Next Year

Forbes – OPEC raised its forecast for demand for the cartel’s crude during 2006 but said the figure is expected to drop next year because of an increase in supply from non-OPEC producers. In its monthly report, the cartel said demand for its crude will stand at 29.0 mln bpd this year, representing a rise […]

More Oil Would Not Deflate Oil Price: IEA

(Reuters) – The world does not need more oil to moderate record prices, but more investment in output capacity to cope with supply shocks, the head of the International Energy Agency told Reuters on Monday. IEA chief Claude Mandil also said that the OPEC exporter group is powerless to bring down oil prices without an […]

The Oil Drum: Hubbert Linearization of Romania…?

Following our discussion of Hubbert Linearization of the Middle East, I was inspired to take a quick look at Romania. Romania is similar to the US in that production began very early (in fact the world’s first commercial-scale oil production occurred in Romania in 1857), and peaked in the 1970s (1976 was the year of […]

Peak Oil Mentioned in G8 Research Group report

The G8 Research Group has released a report on G8 priorities at the 2006 St. Petersburg Summit. Peak Oil was mentioned in pages 45-46. The full report can be downloaded here: G8 Priorities Report

Oil rigs leave Gulf of Mexico for more lucrative jobs

The biggest long-term threat to oil and natural-gas production in the Gulf of Mexico isn’t hurricanes. It is the dwindling supply of drilling equipment. Jack-up and deep-water rigs, the massive platforms and ships that drill for oil and gas in the ocean, are leaving the Gulf of Mexico for more lucrative jobs elsewhere. This is […]

Robbing the Feds

LAST MONTH the House voted to lift the moratorium on offshore oil and gas drilling that has held for 25 years in most U.S. coastal waters. The bill’s central thrust was right — offshore drilling can be done safely — but it contained several flaws, not least excessive generosity to coastal states, which would pocket […]

Despite surging fuel costs, Americans keep on trucking

NEW YORK (AFP) – Soaring fuel costs have so far failed to dampen US enthusiasm for hitting the road in summer. In fact, gasoline demand neared an all-time high around the weekend ahead of the July 4th Independence Day holiday, according to official data. Analysts say US families have been able to absorb the higher […]

Pinched at the Pump

High fuel prices are pushing some drivers to the financial brink “I had to phone up to find out if I had enough credit on there to fill up,” said Godino, 58, whose workday round-trip commute is a whopping 200 miles. “The gas is just really hurting me. I don’t know what to do

Oil falls $1 on report Israel may end Lebanon assault

LONDON (Reuters) – Oil fell a dollar on Monday in volatile trading after a report, quickly denied, that Israel could end its offensive against Lebanese Hizbollah guerrillas within days. Oil tumbled after Israel’s Channel 10 television carried the report, citing a senior military officer. An Israeli government spokeswoman quickly responded, saying Israel had no plan […]

The Role of National Oil Companies in Today’s World

Analysts point out that a cause of the record levels prices have reached in world oil markets and the increasing interest in energy security and other issues was the structural changes in both the demand and supply of oil. But there is a change that is important for the present, and which has its implications […]

High Oil Prices Take Toll on Firms

According to the Korea Chamber of Commerce and Industry (KCCI), which in May surveyed 627 firms in the metropolitan area, 63.2 percent of local companies said they would have to halt business operations if international oil prices surpass $80 a barrel. Worse, about three quarters of respondents said they have no effective countermeasures against volatile […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy