Iran OPEC Gov: Oil Prices to Moderate in Long Run

The history of international crude oil market over the past 50 years abound with evidence that the current high oil prices won’t persist over the long run and will moderate, Iran’s OPEC governor was quoted as saying Sunday by the semi-official ISNA news agency. rigzone

US Sales of Hybrids Stay Strong in June 2006

Hybrids in the US had their second-strongest sales month of the year and third-strongest month ever, posting a total of 23,048 units, an increase of 20% from June 2005. May 2006 remains the peak month, with 23,554 units sold. greencarcongress

Before we hammer another nail

Will gasoline at $3 a gallon change the shape of Chicago’s metropolitan region? There are good economic reasons why it should. If young families did the math, they might discover that buying a bargain-priced split-level on the suburban fringe isn’t such a bargain after all, what with automotive expenses. Better to buy closer in, near […]

Great American Wisdom on Freedom and Ecology

Augusta Free Press – The Fourth of July is perhaps the one time of year where we can talk about freedom, independence and even rebellion and revolution without scaring anybody. The revolutionaries and other great Americans who spoke on liberty provide inspiration for us today not only in politics and government, but in many other […]

Enhanced Oil Recovery: Delaying the Catastrophe

Get this — On average, almost two-thirds of the original oil discovered in the U.S. still remains in the ground after conventional recovery operations. And the best part is because these are previously discovered fields, there’s exactly 0% exploration risk. So how much crude are we talking? About 200 billion barrels! At today’s prices that’s […]

Extreme Commuting: Is it worth it?

As extreme commutes go global, business follows. But who needs three cupholders? The drive to get out of big cities is turning the United States into a land of nomads. “Extreme commuters” who travel more than 90 minutes to work, one way, are the fastest-growing group of commuters, according to the U.S. Census Bureau. They […]

Mideast boom squeezes gas oil flow to Europe, Asia

LONDON/SINGAPORE (Reuters) – An oil fueled economic boom in Middle Eastern countries is driving local demand for gas oil such as diesel, squeezing supplies to Europe and Asia. This has tightened supply in both importing regions and forced prices of gas oil up this year to around record levels. The trend is set to continue […]

RE: The False Hope of Biofuels

The Sunday, July 2, edition of the Washington Post had a column titled The False Hope of Biofuels which had the basic premise that biofuels could only supply half of our transportation fuel needs by 2025 and that food supplies would be compromised if it did so.  I don’t think that any responsible person has […]

Gas companies on

IGNACIO – Colorado Highway 172 cuts through a typical southwestern landscape of gentle hills and pi For years, the San Juan Basin has been a sort of Old Faithful for the gas industry. It produces almost as much gas every year as the next five biggest fields combined, according to the federal Energy Information Administration. […]

Sibir Energy spuds Vadelyp field in Salym, sees production by end-Q4

LONDON (AFX) – Sibir Energy PLC said its 50:50 joint venture with Royal Dutch Shell last week spudded the first development well in Vadelyp, one of the Salym group of fields in Western Siberia. Salym Petroleum Development NV plans to drill fourteen wells, complete eight wells, and bring the field into production by the end […]

Nigeria: Consumers protest power outage

Worried by persistent power outage, residents of Udensi area of Abakaliki, staged a peaceful demonstration to the state Spokesman for the group, Mr Emmanuel Nnachi, said the group was protesting against

Energy pitch so simple it could work

A hallmark of legislative initiatives at the national level in recent years has been their complexity. Terrorism fears have seen the rise of the Byzantine Department of Homeland Security, an incredibly complex amalgam of federal agencies with a new layer of bureaucracy slapped on the top. Calls for help for rising prescription drug costs have […]

BP oil and gas production falls 2.5% in Q2

LONDON (Reuters) – BP Plc (BP.L) expects its oil and gas production to have fallen 2.5 percent in the second quarter — more than some analysts had expected — raising the challenge the oil giant faces in meeting growth plans. London-based BP said in a statement on Monday that output was likely to fall to […]

A Stand in the Forest

The Dehcho Indians have long resisted a planned gas line through one of North America’s last great wildernesses. Can they save their ancestral land? Today, the brothers, members of the Dehcho First Nations, are facing another encroachment on their aboriginal way of life: an even bigger 800-mile-long natural gas pipeline that would bisect the tribe’s […]

Thai hunger for cheap energy throws lifeline to Myanmar

Searching for cheap energy, Thailand has clinched controversial hydropower deals with neighboring Myanmar and thrown the impoverished military-ruled state an economic lifeline. Myanmar, one of the world’s poorest nations, is under a series of US and European economic sanctions imposed over the junta’s human rights abuses and the house arrest of 61-year-old democracy leader Aung […]

Korea Biodiesel Plan Has Its Skeptics

The Ministry of Commerce, Industry and Energy (MOCIE) had signed contracts with oil refineries in March to commercialize biodiesel in the domestic market, following its plan to fill five percent of the supplied primary energy (petroleum, coal and natural gas) with the renewable alternative energy by 2011. In line with this, the oil refineries will […]

Gadgets drive up household energy use

Householders in the UK will double the amount of energy they use on consumer electronics by the year 2010, a new report warns. Despite a move to make many electronic appliances more energy-efficient, the number of electronic devices owned by an average household has increased greatly over recent decades, according to The Rise of the […]

21 years, and that’s about all

It’s scary. India’s oil reserves will last just 21 years. This alarm has been sounded by UK-based global oil major BP Plc’s ‘Statistical Review of World Energy 2006’. For China it’s even worse with its crude reserves likely to last only 12 years. That being the fate of the world’s two fastest growing economies, take […]

Malaysia Suspends Biodiesel Effort

Malaysia has suspended giving new licenses for biodiesel production projects amid concerns that an excess of projects could deprive the food market of palm oil, widely used in cooking, a report said Monday. Malaysia is the world’s biggest producer of crude palm oil, the main ingredient of biodiesel. Spurred by the interest in the fuel, […]

Koreans confront their oil addiction

On the grounds of a government-subsidized research complex about 50 miles south of Seoul sits a structure that could hold the key for the energy security of South Korea and other economies like it. The two buildings — a house and a four-story apartment-office structure — would be fairly unremarkable but for the photovoltaic solar […]

A bright idea: How changing light bulbs helps beat global warming

The simple use of current technology could have a dramatic impact on global warming, if only we would adopt it. The low-energy light bulb and other efficient lighting systems could prevent a cumulative total of 16 billion tons of carbon from being added to the world’s atmosphere over the next 25 years, according to a […]

Canberra quenches Beijing’s energy thirst

In the past five years Australia-China trade has grown exponentially, making China Australia’s No 2 trading partner after Japan. The two-way trade that was worth A$14 billion (US$10.4 billion) five years ago had almost trebled by 2005, reaching close to A$38 billion. Last year alone there was more than 40% growth over the previous year. […]

What ‘Energy Security’ Really Means

This month’s Group of Eight summit in Russia takes statecraft to a whole new level. Global leaders have “energy security” on the agenda. But judging by what they say and do, they don’t always understand the subject. For many American leaders, energy security means producing energy at home and relying less on foreigners. But the […]

1920 treaty holds key to Arctic energy riches

Interpretation of the Svalbard treaty, which gave an Arctic archipelago the size of Ireland to Norway but gave others equal access to its resources, will decide future energy and fishing rights in the lucrative north Barents Sea. The area holds the world’s best stocks of cod, worth billions of dollars, and geologists say it could […]

Gore, Kennedy, and pols on both sides own oil stock

Congress has had more than 40 years to promote the development of unlimited fuel for automobiles–hydrogen. Why haven’t they done so? Because both Democratic and Republican politicians are so heavily invested in the oil and auto industries that they don’t want an alternative fuel for automobiles. Super “global warming” nut Al Gore owns millions of […]

The energy weapon

At a conference on democracy in Vinlius, Lithuania in early May 2006, the Vice-President of the USA, Dick Cheney, made an uncompromising attack on the rulers of Russia, not only because of their democratic back-sliding, but because of Russia’s use of its oil and gas reserves as “tools of intimidation or blackmail” against neighbouring countries. […]

Mexico’s oil bonanza starts to dry up

uch as for the Mexicans themselves. This article explores a much overlooked problem (the depletion of Mexico guerrillanews

Rosneft seeks world oil support

Petronas, Malaysia’s state oil company, and China National Petroleum Corp are planningto invest up to $2bn each in Rosneft as the Russian oil giant seeks support for its initial public offering. Rosneft, which hopes to raise $10bn-$11.7bn through listings in London and Moscow at the end of next week, is understood to be in discussions […]

LNG as interim energy source

The deepwater liquefied natural gas project proposed by BHP Billiton is not a renewable source of energy, but it is certainly a lot cleaner than the existing, appallingly dirty sources of California’s energy, including coal, oil and nuclear. Coal-fired power plants in this country contribute 90 percent of all pollution generated by the electric industry, […]

Report says Pentagon opposes Iran bombing

Top Pentagon officers have told the Bush administration that bombing Iranian nuclear facilities would probably fail to destroy that country dawn

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