Future Boy: The next real estate boom

CNN Money – Picture the scene: it’s 2025, and you and your family are living in a beautiful, leafy-green village that seems more 19th century than 21st, even though it has only been in existence for ten years and is just 20 miles from a major American city. You know all of the 150 or […]

U.S. and Russia to Enter Civilian Nuclear Pact

President Bush has decided to permit extensive U.S. civilian nuclear cooperation with Russia for the first time, administration officials said yesterday, reversing decades of bipartisan policy in a move that would be worth billions of dollars to Moscow but could provoke an uproar in Congress. Bush resisted such a move for years, insisting that Russia […]

Solar power to be mainstream energy source by 2025

As a form of energy, solar power is currently at least four times too expensive and it will only become truly mainstream when its dollar to Watt ratio is comparable to other energy sources. The timing will depend on levels of research investment, of national, international and multi-national co-operation and the rate of increase in […]

Underinvestment Dogs Oil Sector

The decline in surplus oil capacity and a subsequent upturn in upstream activity has been a fundamental expression of the long-term relationship between investment and price: – Supply. According to the U.S. Energy Information Administration (EIA), world surplus oil production capacity fell in 2003, and since then, it has failed to recover substantially. Over the […]

U.S. oil shale rates may be Canada-based

Oil shale extraction is expected to become a more lucrative business as technology increases, the price for oil stays near an all-time high and a provision in an energy bill passed by the House June 29 offers oil companies a break on royalties. The RAND Corp. estimates an average of 800 billion barrels of oil […]

PEAK OIL HAS ARRIVED / CRISIS IMMINENT

ABC Australia has just produced a 12 minute video which makes a very effective case, by interviewing oil experts throughout the world, that peak oil ( when supply can no longer meet demand ) ” is probably here and at best we are within three years of a major oil crisis.” opednews

Justices finally to ponder climate change

THE U.S. SUPREME COURT will take up a controversial case this fall that could dramatically alter the national discourse on climate change. In the suit Massachusetts v. Environmental Protection Agency, 12 states (including Massachusetts, Rhode Island, and Connecticut), some cities, and various environmental groups are asking the court to rule on whether the federal government […]

Pick Your Fuel

The five-cylinder, 2.0-liter prototype can run on hythane, a combination of 10 percent hydrogen and 90 percent methane, as well as biomethane, natural gas, bioethanol and gasoline. The 200-hp Multi-Fuel prototype gets from zero to 62 mph in 8.7 seconds, the company said. edmunds

Vehicles Can Be More Energy Efficient, Use Less Oil

Transportation drives global oil trade and is a key environmental challenge, especially in cities. Most cities are designed around cars, not people — changing cars usinfo

The Peak Oil Crisis

In time however, it will dawn on us that cheap oil played a bigger role in our daily lives than just propelling cars. It won fcnp

How a ‘green’ Britain should look in the year 2020

At least a tenth of the British landscape will have to be transformed by wind farms and specially cultivated crops to produce renewable energy as the Government grapples with the fight against climate change. Yesterday, the Cabinet unanimously approved the content of the long-awaited energy review, which will be published next week. It will include […]

OPEC Output Up to Seven-Month High in June

TradeArabia – Opec’s oil output rose to a seventh-month high in June as Iraq began exporting crude from its northern fields via a Turkish port after a break of almost a year, a survey found. Crude production by the 11 members of Opec rose 240,000 barrels per day in June to 29.78 million bpd, the […]

OPEC Exports +390,000B/D In 4Wks to Jul 22-Oil Movements

DowJones Newswires – Seaborne oil shipments from the Organization of Petroleum Exporting Countries are expected to rise 390,000 barrels a day in the four weeks to July 22 versus the previous month on soaring Asian demand as refineries returning from maintenance, tanker tracker Oil Movements said Thursday in its weekly report. The U.K.-based consultancy said […]

Stephen Hawking Has A Question For You

CNN.com – Some questions even stump Stephen Hawking. The famed British astrophysicist and best-selling author has turned to Yahoo Answers, a new feature in which anyone can pose a question for fellow Internet users to try to answer. By Friday afternoon, nearly 17,000 Yahoo Inc. users had responded to Hawking. Hawking’s question: “In a world […]

A twenty-first century Final Solution

Wo there! factor = 9/10 The only solution to the inflated fear of

Energy Agency Voices Doubts on Gazprom Deliveries

International Herald Tribune – Just days before the Group of 8 summit meeting in St. Petersburg, the head of the International Energy Agency took the Russian energy giant Gazprom to task for a lack of transparency in its investment plans and its unwillingness to allow other producers – foreign or domestic – access to its […]

Fears Growing in Wake of Expected 50% Cost Increase at Shell Oilsands Plant

Edmonton Journal – Bob Gillon, an energy analyst with John S Herold in Connecticut, said the Athabasca expansion would now cost six times what the original project did, on a daily flowing barrel basis. “It’s not a knock on Shell or this project, everybody’s facing it,” Gillon said in an interview Thursday. “But my Lord […]

Triple-Digit Oil is Inevitable

MarketWatch – Oil at $100 a barrel? Oh yes, and like most milestones, this is one that you are not likely to forget. As we stand on the precipice of such lofty prices, I understand that there are those who believe that $100 oil is pure nonsense. We’ve been watching oil very closely. At $40 […]

Increasing Predictions of $100/Barrel Oil

07/07 (LWN) Numerous analysts around the world have warned in recent days that oil prices are likely to exceed $100/barrel at an early date, with prices already having exceeded $75 to reach a new record high. Earlier today, MarketWatch issued a commentary by Kevin Kerr calling prices in excess of $100/barrel “inevitable”, remarking that severe […]

Malawi: Turning the Future Into Charcoal

Chopping down the forests for charcoal and fuel wood seems so shortsighted, but until there are alternative sources of energy for Malawi’s rural poor, the destruction will continue. Malawi loses about 50,000ha of indigenous forest every year – the highest deforestation rate in the Southern African Development Community (SADC) region. The government estimates that just […]

Shell Says Biofuels From Food Crops ”Morally Inappropriate”

Royal Dutch Shell, the world’s top marketer of biofuels, considers using food crops to make biofuels “morally inappropriate” as long as there are people in the world who are starving, an executive said on Thursday. Eric G Holthusen, Fuels Technology Manager Asia/Pacific, said the company’s research unit, Shell Global Solutions, has developed alternative fuels from […]

Oil price rise fuels fears on inflation

International oil prices hit a record on Friday as US drivers hit the roads on their annual summer holiday. The rise – to $75.78 a barrel – stoked fears that inflation could rise, causing share prices in the US and Europe to slip.Demand for petrol in the US, the world’s biggest consumer, has jumped to […]

The Biofuel Illusion

The focus on biofuels to solve our energy and climate change crises could have potentially disastrous environmental consequences. There’s been a lot of talk lately about the promise of biofuels — liquid fuels like ethanol and biodiesel made from plants — to reduce our dependence on oil. Even President Bush beat the biofuel drum in […]

Greenspan raises red flag on energy

Aspen – Amid soaring fuel costs and diminishing world oil supplies, former Federal Reserve Chairman Alan Greenspan warned Thursday that the nation needs to develop alternative energy sources or risk dire economic consequences. Greenspan called for a mixture of solutions, from plug-in hybrid cars to ethanol to nuclear power, to diminish the country’s reliance on […]

Race to the world’s energy hotspots

The decision by Sinopec of China to pay $1bn for the right to explore for oil in deep water off Angola has shocked the west, which fears it could be left behind in a global scramble for resources. Similar oil prospects off the coast of the impoverished African country were selling for $35m (Guardian

Brazil oil firm pushes far past local rivals

Petrobras, a company that once bartered chickens for imported oil, used to focus solely on guaranteeing the supply of fuel for Brazil, Latin America’s biggest economy, with 180 million people. But innovative offshore drilling techniques and an aggressive plan to diversify have enabled the company to shift its focus from production at home to becoming […]

In Venezuela, Big Oil Ponders How To Deal With Orinoco

The gently rolling grasslands of Venezuela’s Orinoco belt are a frontier oil area in more ways than one. Not only are international companies learning how to economically produce unconventional crude oil, they’re dealing with a newly-empowered national government bent on more control of its resources. As the balance of power shifts in favor of the […]

End Of Cheap Oil, The Global Energy Crisis And Climate Change

The increase in oil prices has led to protests, which have moved to the center stage of Indian politics, displacing the protests against reservations in medical and engineering colleges. Increase in oil prices translates into higher prices of all commodities. As Hindustan Times reported oil price hike turns cereal killer (Hindustan Times, Wednesday, June 14, […]

GAO Report on Navy alternate propulsion systems

Report to: Roscoe G. Bartlett, Chairman Subcommittee on Projection Forces, Committee on Armed Services As the Navy looks to design an affordable force that is capable of meeting future security challenges, some of the assumptions and factors that have guided past Navy decisions on propulsion systems may require reassessment. For example, technological advances have enabled […]

Saudi Aramco raises oil prices for Asia

Saudi Aramco, the world’s biggest oil company by output, raised prices for three crude grades it will export to Asia in August as refiners’ profit from making diesel and kerosene increases.The refining profit, or margin, to turn crude oil into middle distillate fuels, or diesel and kerosene, has surged as plant maintenance and unscheduled shutdowns […]

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