Asian Tigers Team Up On Oil

Asian oil companies, latecomers to the global hunt for precious oil and gas reserves, have finally come up with a potential recipe for success in trumping western global oil giants: by teaming up among themselves. The idea of Asian oil partnerships as a counterweight to the dominance of Exxon Mobil, BP, Royal Dutch Shell, or […]

China nomads on energy’s cutting edge

One day last year, Sitkan and her husband were called to a meeting where 100 villagers waiting for a transmission line learned of an alternative to burning coal. After government subsidies, 500 yuan – a tenth of what Sitkan makes each year selling sheep’s wool and meat – buys a photovoltaic solar unit that would […]

Pakistan’s oil demand to double in 10 years

Pakistan’s diesel demand is forecast to jump 70 per cent in a decade to 15.07 million tons, as the overall fuel consumption almost doubles, forcing the country to boost imports, an oil official said on Wednesday. Total demand for oil, which accounts for 31 per cent of the country’s energy needs, will grow to 32.51 […]

Brussels warns carmakers: meet targets to slash CO2 emissions or face laws

Car manufacturers were given a blunt warning yesterday from Brussels, which said companies would face stringent laws if they failed to abide by their commitment to cut carbon dioxide emissions. European, Japanese and Korean carmakers were threatened with the “stick” of mandatory cuts in the polluting emissions after figures showed that they were on course […]

California set to cap emissions

California is set to introduce tough new legislation to cut greenhouse gas emissions under a deal reached by Governor Arnold Schwarzenegger. It would make California the first US state to impose a cap on expulsion of carbon dioxide and other gases. BBC

Coal keeps US economy burning

More than half of the country’s electricity is produced by burning coal, and as demand for energy increases, so does the pressure on those who supply it. Mention to the average American that you’re going to Wyoming, and they are as likely as anything to ask you why. It is a fair question. BBC

Peak Oil Forecasters Win Converts on Wall Street to $200 Crude

(Bloomberg) — On a sweltering Tuesday in mid-July, in the fields outside Pisa, Italy, Willem Kadijk scribbles notes as a ragtag troupe of doomsayers predict the end of the Oil Age. With his shaved head, jeans and sandals, Kadijk, 48, blends into a crowd gathered under a white tent to hear of the coming calamity. […]

The Peak Oil Crisis: Labor Day 2006

Falls Church News-Press – What a difference a month makes. Just four weeks ago Hezbollah and the Israelis were engaged in the heaviest fighting the world has seen since the US overran Iraq. When the fighting started, oil prices jumped on concerns that oil exports might be affected. In July there were fears US motorists […]

An American view: Looking for a miracle

..the day will come with terrifying consequences. Our economy, overstretched by suburban expansion debt, consumer debt and national debt is already showing signs of wobbling and will not need much of a shove to start a cascade of dominoes that will make 1929 seem like child’s play.

Peak oil is not only why we are fighting, killing and dying in Iraq and Afghanistan but also why Vice President in Charge of Our Non-Negotiable Way of Life Dick Cheney met with the oil, geology and military honchos at the start of Bush’s first term.

Rabble.ca

11,000 people flee homes as hot toxic mud engulfs villages and farmland

Four villages and 19 factories have been submerged in a 240-hectare (600-acre) sea of mud in East Java that is growing up to 50,000 cubic metres a day in a major environmental disaster triggered during an oil exploration venture. A few rooftops are still visible, along with hastily constructed dykes which could not hold back […]

Kuwait Developing Fields to Produce Light Crude

Kuwait is preparing fields in its northern and western regions to produce lighter grades of crude oil that will significantly boost its output in the coming years, an official at state-owned Kuwait Petroleum Corp. (KPT.YY) said Wednesday. rigzone

Global meltdown

Richard Alley’s eyes glint as we sit in his office in the University of Pennsylvania discussing how fast global warming could cause sea levels to rise. The scientist sums up the state of knowledge: “We used to think that it would take 10,000 years for melting at the surface of an ice sheet to penetrate […]

Iraq resolves oil-sharing dispute

Iraq’s government has resolved a dispute over the sharing of oil revenues across the country but differences remain over who will hand out lucrative oil contracts, a senior Iraqi official said today. Deputy Prime Minister Barham Salih said the contentious issue of oil revenues was resolved during recent negotiations for a new law to regulate […]

US Companies Invited to Participate in Iran’s Oil Projects

Managing Director of National Iranian Oil Company Gholam Hossein Nozari invited US companies to participate in Iran’s oil projects. Speaking in a press conference here in Tehran on Monday, Nozari said Iran is prepared to work out economic and financial incentives for the American companies to participate in the Iranian oil projects, adding, “Although economic […]

Global Warming Feedback Loop Caused by Methane, Scientists Say

In the ongoing debate over global warming, climatologists usually peg carbon dioxide as the most dangerous of the atmosphere’s heat- trapping gases. But methane, a greenhouse gas 20 times more potent than carbon dioxide, might be even more problematic. According to Tessa Hill, a geologist at the University of California, Davis, more methane is released […]

Giant oil refinery in India shows forces roiling industry

…While in the past, thinner profit margins required that refineries be close to consumers to save on shipping, today’s margins are wide enough that it pays to haul gasoline and other refined products long distances. Locating refineries in a region such as Asia is an easy decision, given its less-onerous construction costs, environmental limits and […]

China, Iran pursue “diplomacy” to end nuclear crisis

Iran and oil-famished China agreed on favouring a diplomatic solution to international confrontation over Tehran’s nuclear plans at a meeting on Wednesday, the Chinese foreign ministry said. alertnet

Hydrogen to the rescue? Questions about Iceland’s sustainability

Iceland is a truly unique country in many respects. Its northernmost edges flirt with the Arctic Circle in the North Atlantic, but it is far more mild than one would expect at such latitudes. It has a tiny population of about 300,000 people, two-thirds of whom live in the capital city, Reykjavik. It energybulletin

Drought shrivels worldwide wheat supply

SINGAPORE (Reuters) – Analysis – From Australia to Argentina, erratic weather is slashing wheat crops of the major producers, which is threatening to push up prices to multi-year highs and making it difficult for countries to replenish stocks. …Appetite for feed wheat for livestock is also likely to grow as mills cut the usage of […]

BP: Big problems for oil giant

BP’s reputation as one of Britain’s biggest corporate success stories took a fresh battering yesterday after the oil giant confirmed that it is being investigated in the US for possible manipulation of the crude oil and petrol markets. The latest inquiries follow hard on the heels of US grand jury investigations into oil spills in […]

Commentary: Peak Oil and the Fall of the Soviet Union

After over 70 years in power, the mighty Soviet Empire unexpectedly vanished overnight and almost the entire communist tradition there dissolved. Was the cause of this cataclysmic collapse really the result of communist inefficiency and U.S. president Ronald Reagan energybulletin

End of an era

Global demand for oil will one day overtake our ability to produce it cheaply, and prices will skyrocket as half the world’s easily extractable oil is gone. But when? A growing number think soon – if it hasn’t already happened. Cosmos

US Ethanol Production and Consumption Hits All-Time Record in June

US ethanol production greencarcongress

PDVSA to Take Control Over Oil Projects

A law letting Venezuela’s state-run oil firm take a majority share in four heavy crude projects in the Orinoco River basin will be ready by year’s end as the government advances toward control over all oil production in the South American country, a deputy oil minister said TuesdayHoustonChronicle

Japanese PM winds up Uzbek visit

Japanese Prime Minister Junichiro Koizumi is winding up his visit to Central Asia after talks with the Kazakh and Uzbek leaders. The visit, the first by a sitting Japanese premier to the region, has focused primarily on energy deals. BBC

Sales of alternative fuel vehicles on the rise

With gas prices remaining in the realm of the truly ridiculous and technology improving, it only makes sense that sales of alternative fuel vehicles are growing. According to new research by R.L. Polk & Co., there are now 9 million vehicles on U.S. roads that do not rely on gas for their sole source of […]

China Uneasy About Sanctions Against Iran, Says They’ll Hurt West

With the U.N. Security Council’s deadline for Iran’s nuclear activities looming, China is warning the Western powers not to impose sanctions against Tehran. CNSNews

China to Invest $5 Billion in Venezuela Oil Projects

Officials announced Monday that China had agreed to invest $5 billion in energy projects here, a deal that underscored the Asian nation’s way of doing business in Latin America: Lock up significant natural resources with promises to fund huge public works projects. LATimes

ExxonMobil To Fast Track Production Of Crude Oil In Indonesia

The world’s largest oil company ExxonMobil Corp. on Wednesday announced it will speed up the development of the Cepu block in Indonesia in response to the request made by Jakarta to start production of crude oil in 2008. AllHeadlineNews

Saudi Arabia Seeks to Shore Up Dominance After Mideast Conflict

Saudi Arabia is doing its best to maintain its elevated niche in the Arab and Islamic world while continuing to enjoy its prosperous economic ties to the West, and specifically the United States, say Mideast policy analysts. FoxNews

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