China to allow foreign exploration in key oil, gas blocks

BEIJING (AFP) – China will allow foreign companies a rare chance to conduct exploration for oil and gas in parts of the resource-rich Tarim Basin in the northwest of the country, the country’s top energy company says. The China National Petroleum Corp (CNPC), the nation’s largest oil and gas producer, said it will invite bids […]

Daniel Yergin Day, July 13, 2006

SAN FRANCISCO (MarketWatch) — The front-month futures contract climbed past $76 a barrel Thursday for the first time ever on the New York Mercantile Exchange, with August crude touching $76.30 and last trading at $76.21, up $1.26. In regard to efforts to deny the reality of Peak Oil, I have previously described what I call […]

Supermarkets and Service Stations Now Competing for Grain

Cars, not people, will claim most of the increase in world grain consumption this year. The U.S. Department of Agriculture projects that world grain use will grow by 20 million tons in 2006. Of this, 14 million tons will be used to produce fuel for cars in the United States, leaving only 6 million tons […]

An Early Retirement For The Hydrogen Fuel Cell

It is highly uncertain that synthetic hydrogen can ever be established as a universal energy carries. Electricity from renewable sources will be the source energy in a sustainably organized future. The direct distribution of electricity to the consumer is three to four times more efficient than its conversion to hydrogen by electrolysis of water, packaging […]

Uganda: Power Outages Fueling City Fires

A new report suggests a link between the prevailing power outages and the ravaging fire outbreaks in Kampala. The report, a compilation of the emergencies handled by the Fire Brigade for the last six months, attempts to explain the regular infernos in the city. But the underlying cause for it all, according to Chief Fire […]

Russia and Iran lead the new energy game

Whatever the West may have thought about it, Russian President Vladimir Putin has already spectacularly preempted this weekend’s Group of Eight (G8) summit in St Petersburg with his own bit of Pipelineistan news. Putin announced in Shanghai on June 15 that “Gazprom is ready to support the construction of a gas pipeline from Iran to […]

Putin harnessing Russia’s energy

Deep beneath the thick forests of Siberia near Lake Baikal lies a vast deposit of natural gas known as Kovytka, a field so large that it contains three times the amount of gas the entire United States uses in a year. Its reserves could feed a ravenous market in China, which is close by, or […]

Biofuel research reaches fever pitch

Researchers gathered at a global biotechnology conference in Toronto yesterday to explore better methods of making biofuels out of everything from corn stalks to orange peels.The search is on to find higher yielding crops and improved sugar extracting enzymes — both necessary for making biofuel production more economical and less disruptive to food and livestock […]

Design Renewable Energy into Carbon-Smart Buildings

Architecture and building design must undergo a rapid transformation as a key step toward reducing carbon emissions enough to avoid the catastrophic effects of global warming. That was a central message from the international experts who addressed SOLAR 2006’s plenary Wednesday morning. “What has seemed too hard becomes what simply must be done,” said Princeton […]

South Korean Shares Tumble On Oil Price Hike, Samsung Earnings

Friday, South Korean shares were sharply weaker as record-high oil prices raised investor concerns and market leader Samsung Electronics reported a drop in second-quarter earnings. The benchmark Korea Composite Stock Price Index, or KOSPI, fell 32.45 points, or 2.53%, to 1,252.57. Most of the industries declined as investor concerns rose over the record-breaking oil prices. […]

Peak Oil and Energy Resources

An outline of the main features of the politics of Energy Resources with a focus on the important issue of Peak Oil. This is the text of talk given to Jack White Branch of the WSM on 23rd June 2006 by a guest speaker.What has not been realized but is beginning to dawn, is the […]

Neighbours Unenthusiastic About UK Energy Review

Needless to say not everyone is impressed with the UK’s latest energy review. The much touted reactivation of the nuclear energy program is not popular in Ireland. Being just across a narrow strip of water Ireland gets anything nasty that flows out of power stations on the west coast of the UK without benefiting from […]

Global energy security risks have increased sharply — says report to G8

A report submitted to the G8 summit said Thursday that the global energy security risks have increased sharply because of steeply rising oil import demand in developing countries, the narrowing margin between oil supply and demand that has driven up prices. In addition the report cites factors like the volatility of oil prices arising from […]

Pentagon and Peak Oil: A Military Literature Review

EnergyBulletin.net – Until the recent oil price hikes and world wide discussions on the future of oil, Peak Oil was nearly absent in military publications. Now, things have changed. This article attempts at providing a US military literature review on Peak Oil and related issues.EnergyBulletin.net

Clinton: Not Briefed on Peak Oil

From EnergyBulletin.net – Transcribed excerpts from A conversation with Bill Clinton – a 54-minute audio posted July 11 by Minnesota Public Radio: I was reading a book the other day by a guy just bashing the living hell out of me, saying that he was certain the CIA briefed me once a week on how […]

Tokyo Oil Surges to Record on Middle East Violence, Nigeria

Bloomberg – “Together with the Nigerian issue, Israeli attacks on Lebanon could lead to political instability in the whole Middle East,” said Tetsu Emori, chief commodities strategist at Mitsui Bussan Futures Ltd. in Tokyo, said by phone today… “Oil in New York will perhaps breach $80 a barrel next week, and hit $96 some time […]

Chevron Uses Steam to Extract Saudi Crude

Houston Chronicle – Saudi Arabia and Chevron Corp. have successfully extracted previously unreachable Saudi crude by injecting steam into oil fields to loosen sludgelike deposits, Chevron said. Steam injection tests began on six wells this year in the Wafra oil field, located in a neutral zone shared by Kuwait and Saudi Arabia, Chevron spokesman Michael […]

3 ways to win from the oil glut

Believe it or not, there’s an excess of oil — but it’s an excess of hard-to-refine heavy sour crude. It won’t help you at the gas pump, but these 3 companies can turn it into money for you. There’s an oil glut. Don’t expect to see it in the prices you pay at the pump, […]

Indonesia to spend a massive US$ 22 billion by 2010 to promote biofuels

OPEC member Indonesia, a future Biofuels Superpower, has given more details about its previously announced bioenergy crash program. The country plans to invest a massive Rupee 200 trillion (Biopact.com.

Ship carrying liquid gas burns off Jordan

AMMAN, Jordan – A tanker carrying liquefied natural gas caught fire as it unloaded Thursday in Aqaba, injuring 12 people, the manager of the Jordanian port said. Four of the injured were firefighters, who needed an hour to bring the blaze under control, said Awwad al-Maaytah, the director general of Aqaba Port Authority. The other […]

The hack-a-hybrid kit

For ‘hybrid hackers’ selling plug-in kits for the Prius, high gas prices add up to a big opportunity. Rising gas prices and booming sales of the Toyota Prius mean a big opportunity for Pete Nortman. A year and a half ago, the Monrovia, Calif., engineer hacked his Prius by replacing the battery with a lithium-ion […]

A hundred thousand points of light

Thinking out of the grid Behind all the headlines and the hype about the coming energy crisis facing the UK, there are some seriously effective local solutions taking shape. In the pages which follow, we profile this year But while rooftop gestures gather pace, politicians are still failing to ignite the genuinely transformative potential of […]

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CHICAGO, July 12 The study

The Great Turning: From Empire to Earth Community

By what name will future generations know our time? Will they speak in anger and frustration of the time of the Great Unraveling, when profligate consumption exceeded Earth A defining choice We face a defining choice between two contrasting models for organizing human affairs. Give them the generic names Empire and Earth Community. Absent an […]

Independence Day 2006

The final reckoning isn On July 5 we paid for our profligacy when the commodities markets, having learned we had gas-guzzled ourselves to a new consumption record and were showing few signs of easing up, sent the price of oil to over $75 a barrel

Nation must wean itself from fossil fuel dependence

”Serious shortages will occur even sooner, because of the economic laws of supply and demand.” We are living at an instant of time when fossil fuels, (oil, natural gas, coal) supply almost 90 percent of the world’s energy. It is difficult to imagine how humans could have ever lived without them. One truth about the […]

Is 2006 the year of peak oil? The latest figures are suggesting it could be…

World production of oil has peaked according to Dr Ali Samsam Bakhtiari, a former executive of the National Iranian Oil Company. He predicts a fall of 32% by 2020 as wells dry up and new discoveries become rarer, smaller and harder to extract… Speaking at lecture in Sydney, hosted by the Financial Services Institute of […]

In energy, we’re all connected

As host of this weekend’s summit of top world leaders in Russia, Vladimir Putin got the party theme right. “Energy security” is a hot topic, given doubled oil prices over the past three years. Yet the Russian president’s views on this subject need adjusting. As the biggest energy exporter among the Group of Eight industrialized […]

Explosions hit Nigerian oil installations

YENAGOA, Nigeria – Twin explosions hit oil installations belonging to an Italian oil company in Nigeria’s volatile southeastern delta region, officials said Thursday. Officials suspected sabotage in the explosions Wednesday along two Agip pipelines in Baleysa state. One of the blasts blew apart an 18-inch oil pipeline at the Clough Creek Tepidapa flow station, and […]

Oil hits new high as Mideast violence escalates

News of explosions on Nigerian pipelines also pushes oil near $76 a barrel LONDON – Oil prices hit a new intraday high near $76 a barrel Thursday in a market agitated by escalating violence in the Middle East and news of explosions on Nigerian pipelines. Israeli warplanes struck the runways of Beirut Adding to market […]

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