Greenland makes oil companies melt

The remote oil fields of Greenland could become a new Eldorado for oil companies thanks to a spectacular rise in fossil fuel prices and uncertainty concerning future supplies, experts say. Greenland will this week launch a new round of concessions for oil and gas exploration and officials expect record bidding. “We have never known a […]

Airlines, transport firms main losers in oil price hike

Airlines, transport operators and manufacturers will be the hardest hit by the surging crude oil prices which saw the futures hitting record levels of above US$80 (RM294) per barrel on July 14. CIMB Investment Research estimates that every US$10 per barrel increase in oil prices trims 0.7 percentage point off Malaysia’s gross domestic product growth […]

Labour plans carbon cap on household energy use

Plans to impose a limit on the amount of carbon that every household in the country is allowed to emit are being drawn up by the Government. The proposal, which gets one obscure reference in last week’s Energy Review, is to impose an overall cap on household energy use, starting in five years’ time.Telegraph

House urges IT managers to buy energy-saving servers

Power usage at fast-growing server farms became an issue for Congress last week. The U.S. House of Representatives overwhelmingly approved a bill requiring a federal study of ways to improve the energy efficiency of servers and data centers. The legislation, backed by IT vendors and approved by a 414-4 House vote, now goes to the […]

European Companies May Say Profit Growth Slowed on Energy Costs

Europe’s largest companies may say profit growth slowed in the second quarter as record energy prices boosted costs and customers cut back spending. “Earnings should come in much slower,” said Dirk Thiels, who oversees about $13 billion as head of equity funds at KBC Asset Management in Brussels. “The record oil prices will affect earnings […]

India can’t accept cap on its energy consumption: Document

India is committed to the path of sustainable development and follows environment policies but it cannot accept any commitment that limits the growth of its energy consumption, a document prepared for the G-8 summit said today. It noted that India and other developing countries faced formidable challenges in meeting their energy needs. India needs to […]

Slashing greenhouse gas would cut GDP

Achieving deep cuts to Australia’s greenhouse gas emissions would slash the nation’s GDP and require massive reductions in industry output, a new report suggests. The scenario is among six options for cutting global emissions explored in a report by the federal government’s commodities analyst, the Australian Bureau of Agricultural and Resource Economics (ABARE).The Age

G8 seeks oil savings, but no cut in US gasoline use

The Group of Eight (G8) rich nations said on Sunday they would take steps to reduce demand for transportation fuels, but the Bush administration came out a big winner as there was no call for big increases in the fuel efficiency of U.S. cars and trucks. Meeting in St. Petersburg for their annual summit, the […]

Chinese President Hu Jintao meets U.S. President Bush

Chinese President Hu Jintao met on Sunday in St. Petersburg with U.S. President George W. Bush on the sidelines of the G8 St. Petersburg summit. According to Chinese officials, the two leaders exchanged views on a wide range of issues like the Sino-U.S.relations, the Iranian nuclear issue, the Korean Peninsula nuclear issue and the Middle […]

Coal’s Bright Future

For decades, the burning of coal to generate electricity has seemed destined for the dustbin of history. What good is a fuel that emits into the atmosphere twice as much carbon dioxide (CO2) time

An Alternative to Alternative Fuels and Vehicles

“While the world is working to solve energy and environmental issues with today’s petroleum fuels, some vehicles simply don’t have good alternatives, namely off-road platforms. For those not willing to give up their gas-guzzling habits, Matt Vea offers an innovative alternative. Using the OBDII interface in his Jeep, a laptop, and the infinite power of […]

Putin says can’t give Japan guarantees on planned oil pipeline

Xinhua – Russian President Vladimir Putin said on Saturday he could not give Japan guarantees that a planned eastern pipeline would eventually reach the Pacific coast, citing uncertainty about oil supplies. Although Russia has used tax levers to lure companies to develop oil fields in the area, there has been so far too little oil […]

Energy security on the shelf

Foolishly, the United States is the only industrialized country with substantial coastlines not actively seeking new offshore oil and gas deposits. Canada and even economically backward Cuba are moving forward with plans to drill in offshore areas that abut U.S. coastal waters. Since pools of oil do not respect international boundaries, it is almost certain […]

Is alt-energy a distraction from real solutions?

Wind power is perhaps the most interesting test case of whether America’s immediate energy future lies in alternative sources such as wind, conservation and power-down, or some combination of the two. Both wind-power supporters and opponents replied to my column last week (The bizarre dance of wind power, July 10), but I found that the […]

Huge natural gas find in South China Sea

The Ministry of Land and Resources says natural gas reserves discovered in the South China Sea may be the largest ever in China. The prospective well known as LW3-1-1 may contain a billion cubic meters of gas, Xinhua, the official government news agency, said. monstersandcritics

Understanding the minds of the neocons

Universidad Central de Venezuela (UCV) research biologist Jesus A. Rivas Ph.D. writes: The world has fallen under the reign of the neoconservatives but most people do not really understand what their world is like and often are fooled by the appearances in which it is often disguised. The US will pull out when the last […]

G8 to feed Oil Addiction, fuelling Climate Change

G8 plans to address global energy security are dirty, dangerous and will continue to fuel climate change, Friends of the Earth International warned today on the eve of the G8 summit taking place in St Petersburg, Russia [1]. An early draft of the G8 Plan of Action suggested that world leaders had forgotten last year […]

Oil May Rise Again to Records on Concern Middle East Conflict Will Spread

Crude oil may rise from a record next week on concern the growing conflict in the Middle East will disrupt shipments from the region. Twenty of 34 analysts and traders surveyed by Bloomberg News, or 59 percent, said prices will rise. Five projected a decline and nine said futures will be little changed. Last week, […]

The axes of energy

Figuring out how to meet the world energybulletin

G8 Leaders Pledge to Strengthen Energy Sector

(MarketWatch) — Leaders of the Group of Eight agreed Sunday to support new investment in the energy sector and to increase the transparency and stability of global energy markets, but allowing for differences over nuclear power and climate change. The statement from the eight industrialized nations meeting in St. Petersburg, Russia cites concern about “high […]

First Target Consumption to Improve Environment (China)

People’s Daily Online – If we want to achieve a peaceful rise, we will have to allay international fears that China will soon literally fight for her insatiable demand for natural resources worldwide… Our population is four times that of the US. Multiply their ecological footprint by four and you will begin to grasp the […]

Head of Iraq’s North Oil Co. Kidnapped

(Reuters) – The head of Iraq’s North Oil Company, Adel Qazaz, was kidnapped in Baghdad on Sunday, an Oil Ministry official said. Travelling in a plain, unofficial car to avoid attention, Qazaz was being driven back to the northern oil capital of Kirkuk following a meeting at the Oil Ministry when gunmen in two cars […]

Britain and World Set for ‘Hard Landing’

The Sunday Times – FEARS are growing of a sharp slowdown in the global economy, triggered by big increases in energy prices and rising interest rates. Economists at HSBC say there is a greater risk of a The Sunday Times

How Much Do You Care?

I Let

Some industry experts fear prices could soar when resources peak

HONOLULU, HI – With crude oil prices at record highs approaching $80 a barrel, the big question locally is what will happen to island gas prices, which already are the highest in the country. In September, when crude oil peaked at just over $70 a barrel following hurricanes in the Gulf Coast, Hawaii’s statewide average […]

The Hand That Rocks the Pump

As the heads of the world The quick cash won

Drivers May Have to Shift Gears

Will the upheaval in the Middle East and the latest spurt in oil prices finally tip gas-price-wary motorists into making wholesale changes in their driving habits? Many drivers already have made small gestures toward saving money, such as checking online message boards for cheap gasoline stations and pumping regular gasoline instead of premium. Now some […]

Russian Oil Giant Raises $10.4 Billion in Offering

MOSCOW The company accomplished its stated goals, though, raising funds to repay $7.5 billion in loans to Western banks. The shares do not trade until next week, but the initial public offering was oversubscribed one and half times. Foreign investors accounted for 36 percent of the demand, according to a statement from Rosneft. NY Times

G8 plans oil price action as Middle East chaos mounts

The west’s leading industrial nations will this weekend seek to calm the world’s energy markets after fears of an escalation of violence in the oil-rich Middle East sent the cost of crude oil to an unprecedented level. With the AA warning that unleaded petrol could hit The move came as crude oil rose at one […]

US oil firms get little play at Bush-Putin meeting

ST PETERSBURG, Russia (Reuters) – President George W. Bush did not press the case during almost two hours of private talks on Saturday with Russian President Vladimir that a U.S. company should be selected to help develop a giant Russian natural gas field, Bush’s national security adviser said. Putin has made energy security a major […]

« 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