An Oil Leak Rattles a State and Its Workers

DEADHORSE, Alaska They are mostly men, and they work on wells controlled by BP, ConocoPhillips, Exxon Mobil and other companies. Or they repair trucks and pumps. Or they run the desk or the kitchen at the camps that house and feed the work force. And this week, some of them worry more than they ever […]

World can cope now with Alaska, Nigeria oil loss: IEA

LONDON (Reuters) – The world can cope for now with the loss of about 1 million barrels per day (bpd) of oil from Alaska and Nigeria, but the pressure is on exporter group OPEC to fill the gap, the International Energy Agency said on Friday. It bumped up the estimate of demand for oil from […]

Ford heralds slow demise of SUV

Large sports utility vehicles (SUVs) will go out of fashion because of environmental worries and demographic trends, a top Ford executive has said. Mark Fields, who runs Ford’s US business, said consumers would move away from SUVs to smaller cars in what he characterised as a “tectonic shift”. With an eye on future trends, Ford […]

GM, BMW, Daimler to invest $1 bln in hybrid project

The three automakers have about 500 engineers who have been working for the past 18 months on the joint development of the next-generation hybrid engine technology, which combines a battery-powered electric motor with a conventional gasoline combustion engine, company representatives said on Friday on the sidelines of an industry trade meeting. reuters

GM to show off fuel cell-powered car

General Motors Corp. has achieved a milestone in its quest to bring a hydrogen fuel cell-powered vehicle to market, announcing that it now has a drivable version of its Sequel concept car. The Sequel, which looks like a shrunken minivan and has a range of 300 miles, will be shown to reporters next month in […]

No Dice for Greenland Ice

Something ominous may be happening beneath Greenland’s vast ice sheet. For nearly 50 years, the world’s second largest ice cap has inched inexorably downhill toward the ocean, but at a stable rate. Now, the sheet seems to be melting and sliding seaward much faster, and the rate seems to be accelerating–a condition that could eventually […]

Overall Antarctic Snowfall Hasn’t Changed In 50 Years

The most precise record of Antarctic snowfall ever generated shows there has been no real increase in precipitation over the southernmost continent in the past half-century, even though most computer models assessing global climate change call for an increase in Antarctic precipitation as atmospheric temperatures rise. sciencedaily

Gravity-Powered Aircraft

In order for the GravityPlane to become airborne, gas bags inside a pair of rigid, zeppelin-like structures are filled with helium from storage tanks inside the vehicle. This causes the aircraft to become lighter-than-air, and it rises from the ground. techeblog

BP may be able to keep part of oil field open

BP PLC officials said Thursday they might be able to keep one side of the nation’s largest oil field open, just days after BP said it was closing the entire field as a precaution because of leaks and severe corrosion. deseretnews

MIT’s Energy “Manhattan Project”

Solar cells made from spinach. Algae-based biofuel fattened on greenhouse gas. Plasma-powered turbo engines. These are just some of the technologies being developed by a Manhattan Project-style research effort for new energy technologies at MIT. Scientists at MIT are undertaking a big, ambitious, university-wide program to develop innovative energy tech under the auspices of the […]

Alchemy Enterprises discuss their magnesium based hydrogen-on-demand fuel system

As Jonathan Read explains, “The greatest emphasis and perhaps the most enthusiasm lies in the use of hydrogen as an alternative fuel source. The problem with hydrogen has always been that it is a volatile and unstable gas, and hence problems in its transportability, explosiveness, and volatility in terms of leakage. We are using magnesium […]

USDA and DOE Fund Nine Genomics Projects For Bioenergy and Biofuels Research

The US Departments of Agriculture (USDA) and Energy (DOE) have jointly awarded nine grants totaling $5.7 million for bio-based fuels research intended to accelerate the development of alternative fuel resources. greencarcongress

CERA’s report is over-optimistic

The extrapolation to 2015 can be found for individual countries and what is needed to support an increasing production is an enormous success in new discoveries and that these discoveries can be put in production very quickly. As example CERA think that Saudi Arabia need more than 2 million barrels per day from fields that […]

The Peak Oil Point Has Passed!

TPMCafe – I’d like to alert you to the writings of Geonomist GRMorton on why he believes that the Peak Oil has likely passed. “We have now passed the most significant time in human history. For the past million years, every day in the future humanity had more energy than they had yesterday. But from […]

The Oil Drum: Is There a Wall of Oil Heading for the Market?

What has concerned me was the knowledge that a number of large new oil fields are due on stream during 2006 (and beyond) and I was left wondering how many of those were already on production, and would be included in EIA, IEA data and therefore included in Stuart’s charts? And how many have yet […]

Peak Oil Panic – Phase 1

The Big Gav, Peak Energy – There seems to be a lot of ranting going on down here in the political arena lately – it seems I can’t turn on the TV or open a paper without seeing someone blabbering away about ethanol (and its drawbacks) or compressed natural gas or petrol prices, not to […]

Libya Oil Min: OPEC Unable to Calm Oil Mkt, Has No More Oil

Schlumberger – Libya’s oil head said Thursday that the Organization of Petroleum Exporting Countries can’t do anything to ease current high oil prices. “OPEC can’t do anything more than we are already doing, there is no spare capacity to add,” Shokri Ghanem, told Dow Jones Newswires. His comments follow an announcement by OPEC that the […]

All Signs Point To An Economic Slowdown, And Recession Dangers Are Growing

Contra Costa Times – From bustling Wall Street to the quiet corridors of the Federal Reserve, there’s widespread agreement that the once-sizzling U.S. economy is slowing. The question now is what’s next: a return to stable, modest growth or a skid into recession. The answer will play out in the months ahead. It depends on […]

Oil, Gasoline Fall as Terrorist Plot May Reduce Demand for Fuel

(Bloomberg) — Crude oil fell and gasoline plunged the most since September on speculation fuel demand will slow after U.K. authorities arrested 21 men planning to blow up airplanes heading to the U.S. from Britain. The risk of attacks may cut travel and consumer spending, curbing economic growth. In the three months after the Sept. […]

OPEC Exports Jump 2.3% In 4 Weeks To Aug 26 -Oil Movements

(Dow Jones)- Seaborne oil exports from the Organization of Petroleum Exporting Countries are expected to climb more than 2% in the four weeks to Aug. 26 versus the previous four weeks, almost touching a record for this year as demand picks up in Asia, U.K.-based tanker tracker Oil Movements said Thursday. OPEC’s shipments will rise […]

Is There More Trouble Ahead for Oil?

(Business Day) — Hurricane season looms over the Gulf of Mexico, itResource Investor

Don’t Bank On SPR

WASHINGTON, D.C. – Don’t look to the Strategic Petroleum Reserve to ease surging oil prices after the shutdown of BP’s pipeline in Prudhoe Bay: If history is any guide, any release from the SPR will be too little, too late. Or it might not come at all. The 700-million-barrel stockpile sitting in salt caves along […]

Med to lose pull as Earth heats up

As the climate heats up, fewer of us will be flying south to the Mediterranean and beyond to find holiday sunshine, according to a computer model predicting the effects of global warming on tourism. Instead the south coasts of England, Wales and Ireland will see an influx of tourists put off by the Med’s searing […]

Energy Expert Warns Of Tough Times Ahead

Oil prices have already risen sharply and gasoline prices are expected to follow after this week’s shutdown of one of North America’s biggest oil fields. An expert in the energy industry says it’s a reminder of how fragile the oil supply really is. Matthew Simmons, who summers in Maine, is the country’s top investment banker […]

Saudi Oil: Far from Twilight

With the recent problems in the oil market, renewed attention has been focused on the theories of M. King Hubbert and a new generation of oil supply modelers, who believe that geological resources are scarce and a peak in global oil production is near. In fact, these analysts The most recent controversy over Saudi oil […]

Sugar, oil prices decouple as biofuel stocks grow

LONDON (Reuters) – Links between crude oil and sugar prices have broken down due to high stocks of cane-derived biofuel, and may not be restored any time soon, analysts and traders said on Wednesday. Oil prices are trading just off record highs, boosted by geopolitical turmoil and supply worries, while raw sugar prices have sunk […]

Time for an energy transformation

Illinois Renewable Energy & Sustainable Lifestyle Fair Aug. 12-13 at Ogle County Fairgrounds Heat waves, hurricanes, forest fires, floods, droughts, air pollution alerts, high energy prices, electrical service disruptions, species loss, intense global competition for energy supplies and energy wars are all sending a loud, clear message: It is time for an energy transformation. The […]

Militants strike again in Bayelsa, abduct four expatriates

NIGERIA – Militant youths numbering more than three hundred in early hours of Tuesday struck at an oil platform belonging to Peak Oil Company, and abducted four expatriate workers. The youths were drawn from four coastal communities of Agge, Orobiri, Azambiri and Ogbotu in Ekeremor Local Government Area of Bayelsa State. This is the second […]

New Gazprom Oil Unit Probed Over Excess Production

The Russian prosecutorThe prosecutor

Forget Prudhoe Bay… We Have Bigger Problems

When compared to the world’s current total oil production of over 85 million barrels a day, the loss of the 400,000 barrels of oil daily production from the Prudhoe Bay shutdown isn’t much. In fact, this loss only accounts for less than half of one percent of total global production and it seems that the […]

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