Africa Looks to Shrubs and Sugar to Beat Oil Price

Some of Africa’s poorest nations are clubbing together to try to position themselves as global suppliers of biofuel, hoping to use everything from shrubs to sugar to offset the economic impact of rising crude prices. Inspired by Brazil, where three quarters of new cars run on a mix of biofuel and gasoline, 13 nations met […]

Green Energy, Part 3: Fostering Change via the Internet

Be it with ethanol, unused or recycled vegetable oil, biodiesel or carbon fixing, substantial efforts and progress are being made toward developing a biofuels-based energy infrastructure in the U.S. within the next decade or so. Parts one and two of this four-part article included discussions of the advantages and disadvantages of each alternative fuel source. […]

The Oil Drum: Vinod Khosla–Give Him Your Ideas

I stand by my critique of Mr. Khosla’s position on ethanol. However, a unique opportunity has presented itself. He and I are going to talk sometime soon–and I have a good idea of what I want to talk to him about–but here’s your chance to give him some ideas. I think the vast majority of […]

Peak Oil Task Force

City of Portland, OR – In May 2006, Portland City Council created a Peak Oil Task Force to develop recommendations on appropriate responses to uncertainties in the supply and affordability of oil. The Task Force is intended to identify key short-term and long-term vulnerabilities and develop recommendations for addressing these. Twelve citizens were appointed to […]

Peak Oil Passnotes: Merry Christmas Everybody!

Resource Investor – Does anyone remember last Christmas? Not what the Turkey was like or whether your mother in law gave you socks. Do you remember what the price of oil was? $70? $65? No it was $55. Give or take a plum pudding or two it was a full $20 less than it is […]

The Peak Oil Crisis: The Guns of August (Redux)

Falls Church News-Press – The guns began early. By mid-July, Israel and her various adversaries were locked in combat with bombs falling, rockets flying, reserves mobilizing and casualties mounting. As the fighting increased, observers noted the similarities between the assassination of Archduke Ferdinand in 1914 and the provocative abduction of two Israeli soldiers by Hezbollah […]

Solar Energy Expanded In African Nations

07/27 (LWN) Several African nations have recently taken measures to expand the usage of solar-generated electricity so as to reduce fuel consumption and eliminate power outages.One of Namibia’s major newspapers recently reported that the government had provided 2.8 million Namibian dollars to the new Renewable Energy and Energy Efficiency Institute, which will help bring about […]

The Oil Drum: A New Discussion of the IEA Supply Numbers

Stuart’s back with a discussion and graphs updated with the latest IEA numbers, which show a slight increase of supply. But, is there more to the story?Much more after the jump to The Oil Drum.

High oil prices lift Shell’s earnings

LONDON (Reuters) — Oil giant Royal Dutch Shell PLC beat forecasts Thursday with a 36 percent rise in second-quarter profit, boosting its shares, as high oil prices more than compensated for disappointing production news… If prices are above $50, Shell will receive even less oil under its production contracts with some resource holding governments, and […]

Exxon Mobil makes over $10 billion

No. 1 U.S. oil company earns $1,318 a second -topping forecasts – but comes in just shy of a record. The $1,318 a second would buy enough gasoline, even at the current $3 a gallon average, to drive a Hummer H3 between Los Angeles and New York three times. Industry experts say that it’s getting […]

Russian Urals Oil Blend to Get as Expensive as Brent by 2012

Russian Economy Minister German Gref said on Wednesday, July 26, that the Russian government will seek to realize measures that will help to avoid discount on Russian Urals oil blend. He said that the price of Urals and Brent oil blends is to be equal by 2012-2013. Today the price of Urals crude is generally […]

New pipelines bring hope of drop in UK gas prices

The 11th price increase by UK suppliers so far this year has left customers paying 80% more for energy than they were just three years ago and wondering when the rises will come to an end. While the prospects for the winter remain uncertain, there are at least signs that the cycle of inflation-busting rises […]

Fiji: Minister points out need for energy source

The need to revert to alternative energy sources in light of the continued rise in fuel prices was reiterated at a trade conference yesterday. Minister for Commerce and Industry Adi Sivia Qoro said the need to reduce dependency on fuel was great because the soaring fuel prices had a negative impact on the country’s fragile […]

Would $100 Oil Slam the Global Economy?

Economists have been surprised how little the current high price of oil has damaged the U.S. and world economies. After all, prices have already soared by 300% since 1999, yet nearly all regions of the world continue to chug along. That’s a big contrast to the oil crises of the 1970s and 1980s, which sent […]

Eight ways that modern medicine is oil dependent

Most of our modern medical system is oil-dependent, just like the rest of society. Oil has been so cheap for so long that it has become a pervasive presence in health care delivery. This impact is most obvious when one looks at the transport systems required to maintain a health service. Just as suburbia has […]

ASEAN holds energy talks amid soaring oil pices

Vientiane (ANTARA News) – ASEAN energy ministers gathered here on Thursday to address energy concerns as oil prices continued to rise on the back of escalating tensions in the Middle East and soaring global demand. Iin Arifin Takhyan, deputy president of Indonesia’s state-owned oil and gas company Pertamina, said he hoped the ASEAN ministers would […]

China to issue new policies to curb energy consumption

The Chinese government will issue a slew of new polices to curb energy consumption and promote conservation, Xinhua News Agency reported, citing vice-finance minister Liao Xiaojun. ‘The pricing of energy products has long been too low, which fails to reflect the scarcity of the resources and tends to foster using them with low costs,’ Liao […]

British Gas raises energy prices

British Gas owner Centrica has said it plans to raise gas bills by 12.4% for its 10.7 million customers. The firm’s electricity customers will also face a 9.4% increase in their bills from September. British Gas said “unprecedented high wholesale energy costs” had made the price increases necessary.BBC

Oil Is Like Milk; China Has No Need to Buy Cows

What needs to be considered is whether it makes sense for any Asian nation to make the purchase of energy- producing assets a cornerstone of its foreign policy when the economics of this global oil-hunt may itself be dubious. According to three McKinsey & Co. consultants, if China manages to keep domestic production from its […]

San Francisco Peak Oil Hearing, July 28, 2006

Every day, a river of cars flows across the Bay Bridge into San Francisco, bringing workers, tourists, and visitors to the city. All run on petroleum fuels. Every day, a staccato procession of planes land at SFO, bringing tourists, conventioneers, and returning residents. All fly on petroleum fuels. Every day, a phalanx of trucks deliver […]

Market fuels hydrogen power timeline

U.S. officials and automotive industry leeaders have agreed that hydrogen fuel is the long-term solution to reducing the country’s oil dependence, but continue to debate whether the U.S. timeline for developing alternative fuels is aggressive enough. At the recent Group of Eight summit, leaders projected that global energy demand will increase 50 percent by 2030. […]

DOE Distributes Energy-Saving Tools to Help Manufacturers Save Energy

The U.S. Department of Energy (DOE) has distributed Save Energy Now CD-ROMs containing energy-saving information and software to 3,500 large industrial plant managers across the nation as part of a DOE initiative to help cut excessive energy use at industrial facilities across the nation. The CDs bring together energy.gov

Record Wind Power Growth: From Texas to Europe

As the U.S. wind energy industry stayed on pace for another record year, Texas for the first time supplanted historic leader California as the top state in cumulative wind power capacity, according to the American Wind Energy Association’s (AWEA) Second Quarter Market Report. renewableenergyaccess

Shell Canada hopes to boost in-situ oilsands output seven-fold in two years

Shell Canada Ltd. (TSX:SHC) expects to grow its so-called in-situ oilsands production by more than seven-fold to 50,000 barrels per day over the next two years as a result of its BlackRock Ventures acquisition earlier this month. Already a major oilsands producer with its operating stake in the Athabasca open-pit and upgrading project in northern […]

Global warming triggering fish-killing “dead zone”

Bottom fish and crabs washing up dead on Oregon beaches are being killed by a recurring “dead zone” of low-oxygen water that appears to be triggered by global warming, scientists say. The area is larger and more intense than in past years, and there are signs it is spreading north to Washington’s Olympic Peninsula. seattletimes

Iraqi looks for U.S. oil deals

Iraq’s oil minister met with executives from the nation’s major oil companies Wednesday, hoping to lay the groundwork for future oil deals for his energy-rich but violence-ridden country. Iraqi Oil Minister Hussain al-Shahristani conferred with representatives from nine oil companies at the U.S. Energy Department’s headquarters to discuss how best to attract foreign investment soon […]

Coal Gasification: Players, Projects, Prospects

Within the next few years, utility-scale power plants using integrated gasification combined cycle (IGCC) technology will be built and fully integrated into utility fleets. Standardized IGCC plant designs incorporating knowledge acquired over decades of operation at industrial facilities worldwide, and more recently honed to utility power requirements at two demonstration plants in the United States, […]

‘The Dawn of Solar Power” Investment Report

Today Alternative Energy News Source (Altenews.com) published a new research report on solar power investment, titled “A Research Report on Solar Power Investment: The Dawn of Solar Power.” There is analysis of the potential of various solar technologies, including silicon photovoltaic, thin film, and solar thermal. A wealth of data is offered about solar usage […]

Democrats unveil alternative energy proposals

Congressional Democrats launched a broadside against Republicans on Tuesday over record-high gas prices, offering several proposals — including a “Manhattan Project” for fuel-efficient cars — all of which require that Republicans lose control of Congress in November. In an increasingly partisan Congress, Democrats believe that a lack of progress on energy issues has given them […]

Oil settles higher as gas supplies fall

Government says gasoline stockpiles dwindled by 3.5 million barrels last week; distillates don’t rise as much as expected. NEW YORK (CNNMoney.com) — Oil prices moved higher Wednesday after the government said supplies of gasoline fell far more than expected. U.S. crude for September delivery settled 19 cents higher at $73.94 a barrel on the New […]

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