Asia Needs to Start Strategic Oil Reserves – IEA

(Reuters) – Asia should push ahead with costly emergency oil stockpiles even though the West’s huge government reserves have been unable to quell market fears of a shortage, the head of the International Energy Agency (IEA) said on Saturday. “They have to start — perhaps only a few days (worth) at the beginning,” said Claude […]

Will Cuban Oil Find Break U.S. Embargo?

Los Angeles Times – From here on out, say a growing chorus of experts, America will pay a price for maintaining its 45-year trade ban with the communist nation — a strategic and economic price that will have negative repercussions for the United States in the decades to come. What has changed the equation? Oil. […]

A Tank Full of Gas, A World of Trouble

What does it take to quench America An excellent multimedia presentation on peak oil. Chicago Tribune

Drought Impacting Ethanol Plants

With corn fields drying up across KELOLAND it means tough times are also ahead for ethanol plants. Corn fields in the Aberdeen area are withering from this summer’s hot and dry conditions. Heartland Grain Fuels General Manager Bill Paulsen says, “There’s a large amount of corn that won’t be harvested Aberdeen and West.” And for […]

Expert tips for small businesses experiencing heat waves and power outages

Two leading small business experts have published tips to help small businesses cope with extreme heat waves, with the likelihood of power outages, forecast for the next week. New York, NY (PRWEB) — Two leading experts offer tips for small businesses experiencing heat waves and power outages. Donna Childs and Stefan Dietrich PhD are the […]

Oil Shocks: Will $4 a gallon gas put us in four-cylinder Kias?

Amazingly enough, $3 a gallon gasoline has not yet had much impact on the way Americans drive. Although there have been some defections from the larger SUVs, and lip service to such alternatives as public transit and car pools, the U.S. remains a country on the move, with the highest vehicle miles traveled (VMT) in […]

Dan Bednarz on peak oil and public health

Dan Bednarz, Ph.D., is a former Associate Director, Center for Public Health Practice, University of Pittsburgh Graduate School of Public Health (until 2005) and is now President of Energy & Health Care Consultants. He is trying to focus the attention of the public health community, and especially schools of public health, on what he sees […]

Oil from bombed plant covers Lebanon shore

BEIRUT, Lebanon – A black coat of oil now covers the Lebanese capital’s once-beautiful sandy Mediterranean shore, spilled from a power plant that was knocked down by Israeli warplanes two weeks ago. Fishermen say hundreds of oil-coated fish have been washed ashore in what is the country’s worst ever environmental disaster. About 80 miles of […]

Blast at Indonesia oil refinery; 150 hurt

JAKARTA, Indonesia – An explosion at an oil refinery in Indonesia early Saturday injured nearly 150 people and caused about 7,000 residents to flee their homes, police said. The explosion took place at a joint Pertamina-Petrochina oil refinery in eastern Java province as workers tried to contain a gas leak by setting it on fire, […]

Asean mulls joint oil stockpile

Asean countries are considering strategic oil storage after a proposal for joint stockpiling from South Korea, which hopes to pass on technical expertise, a government official said on Friday. Lee Won-Gul, South Korea’s vice-minister for commerce, industry and energy, said the proposed stockpiles would be in Southeast Asian countries and could use crude from the […]

Shell Canada plans to expand in oil sands despite rising bill

Shell Canada Ltd. aims to proceed with expanding its oil sands mining operation despite surging costs, and has given its partners 90 days to respond to its proposal, it said yesterday. Shell Canada, which owns 60 per cent of the Athabasca Oil Sands Project, said it believes boosting the production to 255,000 barrels a day […]

Gazprom to Help Venezuela Develop 50-Year Gas Plan, PDVSA Says

Petroleos de Venezuela SA, Venezuela’s state-controlled oil and gas company, said Russia’s OAO Gazprom, the world’s largest gas producer, will help Venezuela work out a plan to develop its gas industry over the next half century. The two companies will devise “a development plan of the gas sector for the next 50 years, a strategy […]

Pensioners’ anger at gas price hikes

Pensioners fear further hikes in gas prices could leave them struggling to keep warm this winter. British Gas owner Centrica has said it will increase gas bills by 12.4 per cent and electricity bills by 9.4 per cent, after the firm announced record losses of almost This is Essex

Russia: A New Gas Strategy Emerges

A Gazprom subsidiary recently issued a report recommending a dramatic change of strategy for the Russian gas industry. It determined that Russia should decrease exports of natural gas to European markets and concentrate instead on developing new gas fields to keep up with domestic demand. The Research Institute for the Economics of the Gas Industry, […]

Germany looks at biogas anew

Biogas, long said to be nothing more than a stinky energy source, is slowly but constantly losing its unfavorable image, gaining the respect of politicians and industry in Germany. Juehnde, a sleepy town with just 800 inhabitants in Lower Saxony, is energy-independent: it is running exclusively on biogas, which can be made from agricultural waste […]

Learning energy efficiency in Kiev

The sudden end to the era of cheap energy in Ukraine may have a silver lining: Several of the country’s oligarchs are starting to modernize their industrial holdings, which are some of the most energy-intensive – and the most wasteful – in Europe. “For decades, they have enjoyed cheap prices, providing them with little incentive […]

KAZAKHSTAN EYES LATVIA AS GATEWAY TO EUROPEAN OIL MARKETS

The joint declaration signed by Nazarbayev and Latvian President Vaira Vike-Freiberga says that Kazakhstan can use the Latvian transit corridor for long-term exports of its hydrocarbons to European markets. No less promising is Kazakhstan’s bid to purchase state-owned and private shares in the Latvian Ventspils Nafta oil transit company and the Ventspils seaport, which should […]

China’s coal catastrophe

China produces more coal than anywhere else in the world, fuelling the country’s economic boom. But it comes at a terrible price: the mines are the world’s deadliest, and their environmental impact is catastrophic. Safer – and cleaner – technology exists. But is there the political will to make it happen? Coal is a matter […]

Why we must give up flying

Giving up aircraft entirely is a tough call. There will always be compassionate and professional reasons for flying. And of course it’s all very well for me to give up air tourism after winging around the world for a couple of decades. Why shouldn’t the next generation have the same fun? Well, I have no […]

Power up energy plans for the future

Raising Cain about Con Edison may help some beleaguered residents and politicians in Queens feel better about the horrendous blackout in major parts of their borough over the last week, but it won’t help New York City and the surrounding area avoid blackouts in the future. Without a doubt, residents and public officials were right […]

Major energy crisis feared

Pakistan is most likely to face a major energy crisis in natural gas, power and oil in the next three to four years that could choke the economic growth for many years to come, official estimates and energy experts suggest. Pakistan dawn

U.S. market expects to see more oil and gas IPOs

Record high energy prices have generated big demand for initial public offerings of oil and gas companies and even if some of these deals tank, analysts say the deals are likely to keep coming. So far, 11 oil and gas companies have made their debut in 2006, compared with seven at this time in 2005, […]

Discovery of Cuban oil triggers debate in U.S.

What has changed the equation? Oil. To be more specific, recent, sizable discoveries of it in the North Cuba Basin hindu

UN Council nears deal on Iran nuclear resolution

Major powers expect to send to the full UN Security Council today a draft resolution telling Iran to suspend nuclear work by August 31 or face the threat of sanctions if it refuses. US Ambassador John Bolton said he expected the text to be adopted next week as the United States, Britain, France, Russia and […]

EIA Revises May US Oil Demand Growth Down by 2.5%

U.S. oil demand in May averaged 20.463 million barrels a day – the highest-ever for the month – and 1.6% above a year earlier, the Energy Information Administration said Friday. But the latest figure is a sharp 2.5% downward revision from earlier estimates showing 4.2% growth in the month from 20.139 million barrels a day […]

United States taps Alberta oilsands expertise

Uncle Sam wants David Sego. The University of Alberta engineering professor and principal investigator for the Devon Oil Sands Tailings Research Facility fits the bill in a report commissioned by the United States Department of Energy. The recent paper — Undeveloped Domestic Oil Resources: The Foundation for Increased Oil Production — reminded Americans they have […]

Electro Energy Joins Plug-In Hybrid Development Consortium

Electro Energy Inc., a developer and manufacturer of bi-polar rechargeable batteries, has joined the Plug-In Hybrid Development Consortium. The Consortium, founded in August 2005 by Raser Technologies, Pacific Gas and Electric, Maxwell Technologies, and Electrovaya, brings together component suppliers working to accelerate the commercial production of plug-in hybrid electric vehicles (PHEVs). (Earlier post.) greencarcongress

Virgin Fuel

Sir Richard Branson has his fingers in all sorts of interesting pies. With airlines, express trains, and limousine services, his company’s contribution to global warming worries him, so along with investing $1 billion in alternative fuels over the next four years, he’s also hard at work developing a new kind of fuel which “if we’ve […]

Plug-In Hybrid Electric Vehicles Tutorial

As with other hybrids, a plug-in hybrid vehicle has the ability to run on either electricity or an internal combustion engine. Plug-in hybrids have a larger battery than the batteries of conventional hybrids that can be recharged by plugging into an appropriate outlet. Recharged vehicles can provide 20-60 miles of all electric, zero emission range […]

Blackouts Ahead as Summer Energy Use Soars (UK)

Telegraph (UK) – Power cuts could become a regular occurrence if summers become hotter, driving up the demand for air-conditioning, energy specialists warned yesterday. The drain on the electricity supply during this month’s spell of record temperatures caused the National Grid to issue two power warnings within a week. Analysts said that increasingly hot weather […]

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LATEST NEWS HEADLINES

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