U.S. Launches Energy Program in Ukraine

(AP) – The United States launched a US$1 million (euro781,000) program on Monday to help upgrade energy infrastructure in Ukraine, which has been struggling to cope with sharp price hikes after Moscow declared it would no longer subsidize its neighbor. Ukraine is one of the world’s largest energy consumers, and one of the most inefficient. […]

Saudi Arabia Tests Potential for Unlocking Heavy-Oil Reserves

WSJ via Post-Gazette.com – With global energy demand soaring, Saudi Arabia, whose abundant reserves of light oil have supplied the world for decades, is looking to unlock its huge, hard-to-tap and largely unexploited reservoirs of heavy crude. If it succeeds in overcoming the technical hurdles, the effort could significantly increase Saudi Arabia’s oil reserves over […]

PM – Oil Industry Hits Peak Production – Transcript

PM (Australia) – ALI SAMSAM BAKHTIARI: Crude oil is the master domino. When you tumble crude oil, all the other dominoes tumble, whichever they are. And that is what makes this peak oil so important. BARNEY PORTER: Dr Bakhtiari has recently retired as a senior advisor for the National Iranian Oil Company in Tehran and […]

Nine ways to save gas and money this summer

Fill up before you go, use ‘official’ rest stops, and other tips Gas costs have become an unnerving new concern when planning vacations. An increase of about a dollar per gallon in the past two years, or around 30-35 percent, is no minor addition to the already often considerable expense of traveling. It’s not a […]

Running on Empty

The United States People are right to be angry at oil companies, particularly when an ExxonMobil CEO retires with a $400 million compensation package. According to Public Citizen, a growing concentration of ownership, especially of U.S. refineries, has increased the spread between oil costs and gasoline prices. But such anti-competitive practices play only a small […]

Doyle, Leaders Sign ‘Declaration of Energy Independence’

WISCONSIN – A group of state dignitaries, farm group, environmental and education leaders have set some major goals for Wisconsin to become the nation’s leader in energy self-sufficiency. During a ceremony last week near the Georgia Pacific paper mill, Governor Jim Doyle, University of Wisconsin System President Kevin Reilly and other industry leaders signed the […]

Transportation industry feels the pinch of escalating fuel prices

Transportation industry officials are warning that rising fuel costs pose an increasing threat to the viability of many small trucking firms. Officials with the Washington, D.C.-based American Trucking Associations (ATA) say the rising cost of fuel is the No. 1 concern of its membership. The ATA is a national trade association for the trucking industry, […]

Iran sees oil income of $54 billion in 2006/07 – paper

TEHRAN (Reuters) – Iran will earn about $54 billion from the export of 900 million barrels of oil in the year to March 21, 2007, an Iranian newspaper reported. “Iran’s oil export income this year (ending March 21, 2007) will reach an estimated $54 billion,” Hojjatollah Ghanimifard, executive director of international affairs at the National […]

EU dangles rewards as Russia eyes G8 energy pact

BRUSSELS (Reuters) – As Russia edges toward agreement on energy principles with Group of Eight leaders, the European Union is offering several rewards: cash, technology and access to a huge consumer market that is hungry for oil and gas. Moscow has resisted calls to ratify an international treaty that promotes price transparency and free energy […]

Oil’s Promise Still a Dream

A pipeline has given Chad hundreds of millions of dollars to fight poverty but critics say corruption and waste have kept the money from those most in need. Outside the gleaming white fences of a multibillion-dollar American petroleum complex here, a slum dreams of becoming a boom town. Thousands of people have flocked to this […]

Green America: Why Environmentalism Is Hot

With windmills, low-energy homes, new forms of recycling and fuel-efficient cars, Americans are taking conservation into their own hands. One morning last week … 29 years after president Jimmy Carter declared energy conservation “the moral equivalent of war” … 37 years after the first reference to the “greenhouse effect” in The New York Times … […]

Coal has power to fuel independence

High fuel prices and renewed emphasis on energy independence could have consumers pumping gasoline made from coal in the not-too-distant future. It’s not a pie-in-the-sky dream, researchers say, but proven technology pioneered in Germany and utilized in South Africa for more than 20 years.If coal-to-liquid technology is possibly and potentially better for the environment, why […]

No end in sight for oil price increases

Sky-high oil prices spark new and more expensive oil exploration. The US Geological Survey and the US department of energy believe oil is peaking, leading to a decline in production and availability. The key fossil fuel of the past 100 years is peaking in small producers such as Indonesia, Oman and Brunei. Buyiswa Yaya, a […]

Reshuffles to tackle energy shortages

Just two months after Bolivia nationalized its energy industry, the effects were still being felt around Latin America, with manoeuvres around the continent to address the high price of oil and Bolivia’s demand for more money for its gas exports.The Chilean Energy minister, Karen Poniachik, travelled to Buenos Aires to meet with her Argentine counterpart, […]

Duma Backs Oil Tax Breaks

The State Duma voted on Friday to approve the second of three readings of a law to give tax breaks to firms developing new oil deposits or trying to extract the last drops from old wells. The law aims to increase exploration by setting a zero rate of mineral extraction tax on certain greenfield sites, […]

Want to save the planet? Start by turning out the light

Unusual heat waves and floods will become more common as global warming advances, but everyone has the power to turn back its effects, a leading international climate scientist says. Professor Will Steffen said the world was facing a potentially dire future, but turning back the tide could start in suburbia. New Zealand Herald

Chinese airlines strained by oil prices

Chinese airlines are expected to sustain an aggregated loss of more than 3 billion yuan (US$375 million) for the first half of the year despite the brisk market demand, according to the General Administration of Civil Aviation. A source close to a recent meeting of the administration attributed the loss, which is more than seven […]

Oil production limit reached: expert

An international oil industry expert says the limit of global oil production has been reached. Academic and former National Iranian Oil Company executive Dr Ali Samsam Bakhtiari has told the Financial Services Institute in Sydney the world’s oil fields are producing as much oil as they can. Dr Bakhtiari says for the first time in […]

Energy policy: Political tide favors Big Oil

On the same day that the U.S. House voted resoundingly to lift the 25-year ban on offshore oil and gas drilling, it also rejected a measure that would have boosted the minimum average gas mileage of American cars. That’s all you need to know about U.S. energy policy, and who drives it. Consumption is king; […]

Saudi Arabia Tests Its Potential For Unlocking Heavy-Oil Reserves

With global energy demand soaring, Saudi Arabia, whose abundant reserves of light oil have supplied the world for decades, is looking to unlock its huge, hard-to-tap and largely unexploited reservoirs of heavy crude. If it succeeds in overcoming the technical hurdles, the effort could significantly increase Saudi Arabia’s oil reserves over the next several years, […]

Brokaw Joins Fight Against Global Warming

Tom Brokaw is giving Al Gore some company in the effort to raise awareness of global warming. The former NBC anchorman is host of “Global Warming: What You Need to Know,” which doubles as an explainer and call to action for average Americans. It premieres Sunday at 9 p.m. on the Discovery Channel. Brokaw said […]

Import Veteran Plans to Bring Chinese-Made Hydrogen Cars to U.S.

The Chinese are coming. They are bringing luxury cars to America. They also have ambitious plans to bring hydrogen-powered cars to the world. The Shanghai government hopes to have its 100 fuel-cell cars operating by the end of 2007. Those models mark the first phase of the plan to put 1,000 hydrogen fuel-cell vehicles on […]

Israel presses for oil from shale

Now, the tables have turned. A Russian-born Israeli immigrant named Moshe Gvirtz developed a technique in the 1990s to squeeze oil from shale by mixing the rock with a residue from conventional oil refining and putting it through a catalytic process. The dramatically improved results, coupled with soaring crude prices, have inverted the economics of […]

Oilsands: Alberta

Alberta thechronicleherald

New models make UK the world’s electric car capital

They’re small, eccentric and as quiet as Paris in August. But Britain, obsessed as it is with speed cameras and petrol prices, has unexpectedly become the world capital of electric cars. Next week two models will be launched at the London motor show, bringing to at least six the number of carmakers competing for a […]

Nuclear and coal seen in energy strategy

The government is expected this week to open the way to new nuclear power stations when it spells out how it will keep the lights burning at the same time as trying to meet its international obligations to tackle global warming. But while backing big power in the shape of nuclear and so-called clean coal, […]

Shell Plans Cleaner Second Generation of Biofuels

Royal Dutch Shell aims to develop a second generation of biofuels that diminishes their impact on climate change and competition with food crops, the company’s head of biofuels said on Friday. And it is developing second generation fuel technologies using waste such as wood chips and straw, which avoid competing with food production and will […]

Volcanic leaks point to climate gas storage risks

Hundreds of deaths caused by volcanic leaks of carbon dioxide from Cameroon to California are worrying experts seeking ways to bury industrial emissions of the gas as part of an assault on global warming. Governments and companies are researching how to trap carbon dioxide — a greenhouse gas released by burning fossil fuels in power […]

Hydrogen Wasteful Way to Store Energy

New Zealand Herald – Hydrogen, the ultimate clean fuel, may not be very suitable as a conduit of renewable energy because it is wasteful and there are better alternatives, scientists said last week. One reason hydrogen is embraced by politicians like US President George W Bush is that it promises a source of power for […]

‘Mission Accomplished’ – High oil prices are here to stay

Oil hit $75 per barrel again this week, setting once again new highs. While not very spectacular – after all, we hit $70 almost a year ago, and $75 a few months back already, recent price increases are part of a pretty consistent upwards trend worth putting in context again. Before I take off to […]

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