Irish Energy Miracle ‘A Joke’

The Age – AUSTRALIAN scientists have scoffed at claims by an Irish company that it has developed technology that can create free, clean and constant energy. The Dublin-based Steorn put an advertisement in the Economist magazine this week announcing that it had discovered energy’s holy grail, based on the interaction of magnetic fields. “Oh, goodness, […]

Fledgling Shanghai Oil Exchange Reports Robust Trade

People’s Daily Online – Shanghai Petroleum Exchange, China’s first commodity and futures exchange for oil products, reported robust trade on Friday, its first formal business day. Friday’s transactions of gasoline, which is among the first products to be traded on the exchange, totaled 72,120 tons and were valued at 253 million yuan (31.6 million U.S. […]

National Priorities Project

Provides you with a snapshot of how your state is doing in a specific issue area (energy, military spending, education, poverty,etc.) and puts your local numbers in a national context. Also check out “Trade offs” (i.e cost of war vs. renewable energy) National Priorities Project

Economic Impacts of U.S. L iquid Fuel Mitigation Options

A new report by the authors of the Hirsch report: Roger H. Bezdek, Robert M. Wendling and Robert L. Hirsch, sponsored by the National Energy Technology Laboratory. The world is consuming more oil than it is finding, and at some point within the next decade or two, world production of conventional oil will likely peak. […]

New Ethanol Plants to Be Fueled by Cow Manure

Fueling Controversy …With gas prices high and the future of world oil production uncertain, interest in alternative fuels is surging. But ethanol, a fuel now widely used in Brazil, has been the subject of an often polarized debate in the U.S. The controversy has been playing out recently both in science journals and on energy […]

Outdoors crowd engages in energy debate

RIFLE, Colo. – Outdoors guide Keith Goddard remembers when he could go for hours or even days and not see another person on top of western Colorado’s Roan Plateau. “Up until a few years ago, you could stand right here all day long, and if you’d seen one or two vehicles, you’d seen a bunch,” […]

Petrol $2 by Christmas

A WORLD oil expert predicts the price of unleaded petrol in WA will crash through the $2 mark this summer. London-based expert Chris Skrebowski arrives in Perth today for talks with the WA Government and to speak at a conference about the oil crisis. Mr Skrebowski, the editor of the Petroleum Review journal, believes “peak […]

State subpoenas Prudhoe owners over oil spills

State officials have hit BP — as well as four other oil companies — with subpoenas ordering them to produce documents related to two spills and pipeline maintenance in the troubled Prudhoe Bay field. BP, which runs the field, previously had received subpoenas from the state as well as a federal grand jury investigating possible […]

Nigerian militants release German worker

PORT HARCOURT, Nigeria – The military launched a crackdown on suspected militants in Nigeria’s restive, petroleum-rich south Friday as militants released another foreign hostage taken in a spate of kidnappings. Soldiers could be seen entering some houses in the main Niger Delta city of Port Harcourt, detaining at least five people. The troops fired in […]

Korean Air seeks to buy S-Oil stake

Korean Air Co., the nation’s top carrier, looks set to bid for treasury stocks of the oil refinery S-Oil Corp. in a move to secure a stable fuel supply. The Seoul-based airline said yesterday it publicly submitted an indication of interest in taking over a 28.4 percent stake in the nation’s third-largest refinery.

Zimbabwe: Fuel Prices Slashed

Government and the oil industry have — with immediate effect — fixed the price of diesel at $320 and that of petrol at $335 a litre for all users in the country. This effectively means that farmers, Government and public transporters, who were accessing fuel from the National Oil Company of Zimbabwe (Noczim) at a […]

China Power Grids Strained by Heat, Drought

Soaring temperatures and the worst drought in over 50 years have strained power grids in southwestern China and caused blackouts in at least one city in the east, state media reported on Thursday. Electricity generators have struggled in recent years to match demand during hot months when power-guzzling air-conditioning is turned on, but a slew […]

Ireland: Farmers claim tax puts biofuel projects at risk

Biofuel projects now being planned by co-ops and agribusiness companies are being put at risk because of the Government’s insistence on levying excise tax, it was claimed yesterday. Tommy Cooke, chairman of the Irish Creamery Milk Suppliers Association’s rural development committee, said the sector is potentially worth hundreds of millions of euro to farmers and […]

Only if we’re prepared to give up eating

Four years ago, ethanol was the dirty secret of Australia’s fuel industry. Now Australia is being asked to re-embrace the biofuel as a possible solution to petrol-pump price rage. But despite the prodigal nature of this return to the energy fold, serious questions remain about the ability of ethanol and other biofuels to move beyond […]

Oil industry plans for price correction not crash

International oil firms and OPEC producers have learned from the 1980s price crash and those harsh lessons are helping them to plan for an orderly retreat from today’s record prices. The history of oil is punctuated by price collapses but the sharp falls of the mid-1980s were different from most in that they were partly […]

Ireland: Govt spells out green energy commitments

The Government is committed to trebling the amount of electricity produced from renewable energy sources in Ireland by 2010, Minister Noel Dempsey said today. Mr Dempsey said the Government would do all it could to foster an environment where providers could reach the ambitious target of 15% of total energy production from renewable sources in […]

World oil giants plan expansion for Vietnam

Global oil and gas giants are planning investment and business expansion in Vietnam, said economists, adding the oil sector would be the nation’s busiest at the threshold of WTO entrance. Besides a number of exploitation and production contracts signed between the state-run PetroVietnam and its foreign counterparts to date, two of the world’s largest oil […]

The Coming Conflict: Natural Resources are Fuelling a New Cold War

Spiegel Online – Oil and gas supplies are becoming scarcer and more expensive. The hunt for the world’s remaining resources is creating new alliances and the danger of fresh conflicts. China is moving aggressively to sate its growing appetite for energy, potentially setting up a confrontation with the United States for the dwindling resources of […]

Peak Oil Passnotes: Supply ‘Cushionitis’

The result of such a big player leaving the table is that there is no liquidity – or relatively little – in the gasoline market. This has pulled down the price of gasoline which has impacted on the price of crude. So the combination of events, Lebanon ceasefire, Prudhoe Bay, staying half-online, Nembe Creek being […]

Hirsch on responding to peak oil

For peak oil geeks, the Hirsch Report is a document of near-Biblical significance. It was written by Robert Hirsch at the behest of the Department of Energy, and published in 2005. (You can read a summary here [PDF].) It’s disappointing, then, to hear what Hirsch personally recommends as a response to peak oil. Over at […]

Secrets Of Success: Don’t panic; we’ve been here before

There are several good reasons for thinking that a repeat of the horrors of the 1970s is unlikely this time around. If logic prevails, neither producers nor consumers of oil should want to throw the world into a renewed oil-induced recession. Although it is rising, inflation isn’t yet out of control. There is, however, a […]

The green way to energy security

India and the United States share a deep and abiding interest in assuring reliable and abundant energy to power our economies and provide a basic foundation for the prosperity of our citizens. We also share a vision of promoting clean energy practices and clean development globally. In the near-term, the partnership will identify opportunities for […]

Iranian gas for Europe

Iran and Turkey have agreed on a joint scheme to export Iran’s natural gas to Europe via Turkish pipelines, Tehran’s Oil Minister, Kazem Vaziri-Hamaneh, said yesterday. Iran, with the world’s second largest gas reserves after Russia, has been considering Ukraine and Turkey as possible routes to Europe and in July 2005 it announced a preliminary […]

China opens oil bourse in Shanghai

Shanghai Petroleum Exchange, China’s first bourse for the spot transaction of oil products, formally opened on Friday. The exchange, located in the Pudong New District, began trading in gasoline and will trade bitumen, methanol and glycol in the near future, said the bourse’s general manager Chen Zhenping. chinadaily

German approach might energize solar industry

Is the sun finally ready to shine on the solar industry? That question is getting asked more often in clean energy circles these days, in part because Applied Materials Inc. — the Santa Clara company best known for selling the tools that make computer chips — recently tiptoed into solar energy manufacturing. sfgate

Petroleum Retailers Pumped Up About Biodiesel

A South Carolina petroleum retailer now makes a 20 percent biodiesel blend (B20) available at 35 public pumps statewide, signifying a trend of increasing availability to consumers nationally. truckinginfo

Air Force hopes program will provide an alternative to foreign oil

The Air Force will begin testing an alternative fuel program next month that it hopes will help wean the U.S. military away from its dependence on foreign oil. The program’s goal is to provide the U.S. military with cleaner fuels based on secure domestic sources such as coal and natural gas. “Our goal is by […]

Hydrogenics Joins Plug-in Hybrid Development Consortium

Hydrogenics, a global provider of hydrogen and fuel cell products, has joined the Plug-in Hybrid Development Consortium to participate in the development of plug-in hybrid vehicles (PHEVs). An optimized battery-dominant plug-in hybrid vehicle would allow the size of the fuel-cell system to be kept to a minimum, keeping overall system and vehicle cost down greencarcongress

Pumping the fear factor out of oil

(CNNMoney.com) — This morning oil dipped below $70 a barrel for the first time since late June — and prices may ease even further. Indeed, some analysts say that in two years, oil could be trading $20 lower than that. Crude has already slid more 8 percent over the last week, pressured by the alleged […]

The Oil Drum: A Different Way to Perform the Hubbert Linearization

A quick post about a different manipulation of the logistic differential equation. By using the first derivative, we get a new way to perform the Hubbert linearization. Some results are given on Norway and the US oil production.Much more after the jump to The Oil Drum.

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