Venezuelan Lawmaker: Orinoco Projects Could Be Nationalized

KTEN – A Venezuelan congressman today said four major oil projects in the Orinoco (or-uh-NO’-koh) River basin should be under state control. Rodrigo Cabezas also warned that nationalizing the projects — is an option. Cabezas is president of the National Assembly’s finance commission.KTEN

ExxonMobil CEO: World Has Decades of ‘Sufficient’ Oil

Schlumberger – The world will have adequate crude oil supplies in the decades to come as developments in technology push back the frontiers of oil exploration and production, said Rex Tillerson, the chairman and chief executive of ExxonMobil Corp (XOM). “There are sufficient supplies for decades to come,” said Tillerson, speaking at an offshore oil […]

Russian Oil Production Overtakes Saudi Arabia

The Independent – Russia is extracting more oil than Saudi Arabia, making it the biggest producer of “black gold” in the world, figures show. The statistics, from the oil cartel Opec, reflect a trend that has seen the Russians periodically surpass the Saudis as the world’s biggest oil producers on and off since 2002. These […]

Nuclear Energy described by an Insider

For those interested in nuclear energy, there is an insider profile of the US nuclear energy industry, in the form of a novel, that is available online at http://RadDecision.blogspot.com . There is no cost to readers. Reader reviews (found in the comments on the homepage) have been very favorable. Written by an engineer with twenty […]

Worsening Fuel Crisis

Fuel prices in Iraq have reached peak levels Many people in Baghdad have abandoned their cars

Exxon: Oil, gas and that’s it

The company says its not interested in renewables. But when your business relies on a finite resource, is this really the best strategy? NEW YORK (CNNMoney.com) — It’s the most profitable corporation in the world. It’s in a business that juggles geopolitics, economics and ecological health. It provides a finite resource which forms the backbone […]

Higher gas prices prompt online research

WASHINGTON – Consumers are doing more research to estimate fuel costs, plan road trips and access discount information, according to the Automobile Association of America. AAA says the high price of gas is probably what’s prompting consumers to plan and budget their trips more carefully. Visits to AAA’s Fuel Cost Calculator Web site The calculator […]

Politics adds to Nigeria

Violence centered around oil and who it enriches PORT HARCOURT, Nigeria Militant groups using kidnappings and sabotage to press their demands for a share of the region

Pipeline crisis ‘could halve flow of oil’

The price of crude oil could hit $300 ( He said that if drastic remedial work was required to fix or rebuild pipelines across the world, the flow of crude oil could halve, sending prices soaring. Mr Simmons, who shot to prominence by arguing that the world’s biggest producer, Saudi Arabia, was running out of […]

Nepal gas dealers begin indefinite strike

Kathmandu – After two days of violent protests over the steep hike in fuel prices, Nepal From Monday night, gas dealers stopped buying supplies from the NOC in a bid to pressure the government from slashing their profit margin. The strike was triggered after the government indicated it would reduce the three percent profit margin […]

Trust Eroding in Oil Pipelines Close to Home

After the trouble in Alaska, some question the safety of California’s aging network. Officials are addressing the public’s fears. The pipeline problems that shut down the largest U.S. oil field early this month brought a chilling reminder of what can go wrong with the extensive, aging maze of pipelines that carries volatile fuels across the […]

BP denies it manipulated Alaska pipeline data

Oil giant says it did not mislead regulators about inspections LONDON – BP PLC on Monday denied allegations that the oil giant manipulated data from inspections of pipelines at Prudhoe Bay in Alaska, where operations were curtailed this month following a pipeline leak. The Financial Times reported that the U.S. Environmental Protection Agency was probing […]

Wind power’s gusty forecast

The U.S. is seeing a big rise in this cleaner energy Propelled by the twin pressures of global warming and high energy costs, wind energy’s growth is picking up speed. In the U.S., wind farms were the second-largest source of new power generation last year, after natural gas, according to the Energy Information Administration. But […]

Romanian Oil Rig gets attacked by iranian army

BUCHAREST, Romania (AP) – A Romanian oil rig off the coast of Iran came under fire Tuesday from an Iranian military warship and was later occupied by Iranian troops, a company spokesman said. The Iranians first fired into the air and then fired at the Orizont rig, said GSP spokesman Radu Petrescu. Half an hour […]

Power Outages to Follow if Drought Continues

The extreme temperatures being experienced world-wide this summer are also being felt in Turkey. Water supplies at certain rain-fed reserves in Turkey are rapidly drying up because of continuing high temperatures, increasing the demand for water. Authorities point out this is a particularly dangerous situation because Turkey’s electricity needs are met mostly by hydroelectric stations; […]

European coal mining revival?

Moves in both Britain and France indicate that European black coal production could start increasing again, after years of decline. High oil and natural gas prices are making coal more competitive again for power generation, despite the high costs involved in making coal-fired power stations less environmentally unfriendly.MineWeb

Namibia: Expect a Gas Revolution

Considerable progress has been recorded in the construction of a multi-million dollar Liquefied Petroleum Gas (LPG) depot in Windhoek. Once in operation, the depot will have a monthly gas capacity of 250 000 liters. The Operations Director of Autogas, Tom Mukaiwa added that this capacity is likely to double during the first few months of […]

Balkan biofuel could be on the horizon

With the world price of oil climbing, countries in Southeast Europe are pondering whether they can hope to reduce their dependence on this commodity. Domestic and foreign investors in Bulgaria, Romania and Serbia have embarked on the construction of plants for the production of alternative fuels. Until recently, the possibility that biodiesel could be used […]

Age and neglect meet in global oil pipelines

BP’s shutdown of the largest U.S. oil field may be the first of many, as decaying pipelines threaten to add to already soaring energy prices in the next decade. “We’ll look back on this event as the Pearl Harbor Day in energy,” said Matthew Simmons, chairman of energy investment bank Simmons & Co. in Houston. […]

Real Men Don’t Go Vroom

EnergyBulletin.net – It is seldom that I find myself in the company of men, but looking at the roomful of 200 or so who had arrived at HP for this presentation, I was definitely one of only a handful of women. Nor did I feel out of place. This was the home of the Electric […]

Nuclear Energy in U.S. Fights for a Second Act

International Herald Tribune – Nobody in the United States has started building a nuclear power plant in more than three decades. Mayo Shattuck could be the first. As the chief executive of Constellation Energy, a utility holding company in Baltimore that already operates five nuclear reactors, Shattuck is convinced that nuclear power is on the […]

Water Scarcity Affects One in Three

Financial Times – A third of the worldFinancial Times

The Terrible and Rapidly Increasing Danger of A Nuclear Holocaust

The 30-year-old Nuclear Non-Proliferation Treaty commits the 177 non-nuclear nations that signed the agreement not to acquire nuclear weapons and the globalresearch

Gas hydrate found at shallow depth

An international team of scientists has found natural gas hydrate deposits in depths of only about 165 to 395 feet below the seafloor off western Canada. Researchers said gas hydrate, a natural geological hazard, is usually found in depths exceeding about 1,600 feet, and in Arctic permafrost regions. monstersandcritics sciencedaily

Oil pipeline problems avoidable, entrepreneur says

Given the recent decision to close the Alaskan oil pipeline operated by BP PLC, an entrepreneur in suburban Lakemoor believes BP might have missed an opportunity by ignoring his technology. Years ago, Nand K. Gupta, head of Omega Technology Inc., devised a system that uses gamma rays to inspect oil pipelines for corrosion. Had BP […]

Iraq to build more refineries

Iraq plans to build several new oil refineries and upgrade existing ones to start exporting petrol and other byproducts by 2010, the oil minister said yesterday, but acknowledged that insurgent attacks on pipelines remain a serious problem. bahraintribune

The Nuclear Option

A threefold expansion of nuclear power could contribute significantly to staving off climate change by avoiding one billion to two billion tons of carbon emissions annually With growing worries about global warming and the associated likelihood that greenhouse gas emissions will be regulated in some fashion, it is not surprising that governments and power providers […]

Researchers hope bugs speed methane take

Researchers are studying whether microbes can be manipulated by science to expand the life of coal-bed methane wells in the Powder River Basin of Montana and Wyoming. So far, results look “very promising,” said Seth Snyder, a researcher at Argonne National Laboratory. Argonne, located 25 miles southwest of Chicago, is one of the U.S. Department […]

In Oil Rigs, It’s China to the Rescue

Oil and gas drilling machines were among the few things that U.S. companies weren’t getting from China. Now that’s beginning to change, and it could help speed up production. asiapacificnews

Solar Power In A Million CA Homes?

Governor Schwarzenegger today committed California to putting solar panels on a million rooftops. He signed the last of a series of bills aimed at producing enough solar energy to power three million homes. A look at the incentives for homeowners, and the energy experts who say it may be a bad investment. Bushnell says wind […]

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