Rising oil price has wider impact

Higher petrol costs ‘act like a tax on consumption’ (CNN) — Higher oil prices are starting to cause havoc far beyond the petrol bowser. Slowly but surely, the rise in the price of oil is pushing up inflation and interest rates and affecting people’s spending habits and share markets. Where the price of oil is […]

BP Shutting Down Large Alaska Oil Field

ANCHORAGE, Alaska Aug 6, 2006 (AP)Prudhoe Bay represents about half of Alaska’s oil production and about 8 percent of U.S. production, according to the U.S. Energy Information Administration. Company officials said it would take days to shut down the oil field. Once completed, it’s expected to reduce oil field production by 400,000 barrels a day. […]

Iran Is Giddy, but Worried

Casting the conflict in apocalyptic terms, however, hasn’t helped resolve the nuclear issue msnbc

Energy-efficient homes the wave of the future

Architect Joe Bennett said he’s been getting a lot of calls to design zero energy homes, or energy efficient homes. Zero energy capable uses a combination of different energy-efficient methods; for example, ceiling fans instead of air conditioning or windows for sunlight instead of artificial light. news8austin

A Thousand Barrels a Second

Today we take another look at the energy picture and how it will change over the next decade. Just as the world switched from whale oil to kerosene and from coal to diesel, we will see a change in how we find and use energy. That is inevitable. But the transition will not necessarily be […]

Malaysia studying alternative energy sources

Malaysia is studying alternative means of generating electricity including the use of refuse, nuclear energy and solar power in anticipation of global oil price spiralling to US$100 per barrel. Science, Technology and Innovations Minister Dr Jamaluddin Jarjis said the government would identify the best alternatives to replace oil and gas which are now the main […]

Opec sees oil at $70

Opec President Edmund Daukoru says that oil prices are unlikely to fall much below $70 a barrel during the rest of this year despite the oil cartel having enough spare capacity to keep the market well supplied with crude. Daukoru, who is also Nigeria bahraintribune

Blair promotes energy audits for households

British households may be given state-subsidised individual carbon audits on their homes to encourage them to cut their own contribution to global warming, Tony Blair will say today. Nearly 30% of the UK’s carbon emissions come from households, and the government has been looking at ways by which residents can be encouraged to have energy […]

Fuel cells could hold the answer to our energy future

While it is true that wind and solar energy in New York State have an availability factor of between 20 and 30 percent (meaning that we would have to build as much as 500 megawatts of wind turbines or solar cells to arrive at 100 megawatts of firm capacity), fuel cells have an availability factor […]

Cellulosic ethanol fuels environmental concerns

In recent months, high fuel prices and national security concerns have sparked interest in biofuels. Cellulosic ethanol, which can be derived from virtually any plant matter including farm waste, looks particularly promising. The U.S. Department of Energy projects that cellulosic conversion technology could reduce the cost of producing ethanol by as much as 60 cents […]

Oil’s twilight

Forget about the price of gas for a moment. Think instead of all the oil sitting deep below the earth’s crust, waiting millions of years to be pumped to the surface, refined and used in all the ways that drive modern civilization. That resource, scarcely touched before the dawning of the automobile age, is destined […]

Oil palm developers told to be on alert over BSR disease

Oil palm smallholders in Sarawak are advised to be on alert for the emergence of a new disease – Basal Stem Rot (BSR) – caused by a fungus called genoderma. The Malaysian Palm Oil Board (MPOB) and Malaysia Agriculture Research Development Institute (Mardi) are in the forefront against prevention of the disease. No cure is […]

Japan checking disputed oil production

Japan is checking whether China has started production at a disputed gas field in the East China Sea that Tokyo says may extend into its territory, a Japanese Foreign Ministry official said. The stated-owned parent of China’s CNOOC Ltd. said on its Web site on Friday that the firm had begun production at the Chunxiao […]

Big oil companies ready themselves to reap the green dividend

British oil companies plan to invest hundreds of millions of pounds over the next decade on research facilities and new refineries to meet a growing demand for environmentally-friendly biofuels. They are responding to the rapid expansion of the European market for biofuels, underpinned in the UK by the government’s renewable transport fuel obligation and in […]

Gas-guzzling cars should pay

Road tax should be dramatically increased to The MPs call on the Transport Secretary to encourage a shift towards lower-carbon modes of transport, and to discourage “marginal car and plane journeys” by imposing higher taxes. They accuse the transport department of a “dismal failure of purpose” in combating carbon emissions and call for a national […]

China Eyes Carrots and Sticks for Energy Efficiency

China is planning both incentives and harsher penalties to push companies and local governments to meet energy saving goals that Beijing fears may not be achieved amid strong economic growth, state media said on Sunday. The revised regulations would strengthen enforcement and supervision, and include both incentives for saving energy and punitive measures against waste, […]

Biofuels Under The Spotlight

Somerville stated that there is no need to rely on CO2 emitting fossil fuels, as the Earth already receives about 4,000 times the amount of energy from the sun today that humans are predicted to need by 2050. As we have all learnt in school at one time or another, plants absorb the sun’s energy […]

How Big Business Is Becoming Pro-Environment

It seems like a hippie entrepreneur’s dream come true: an ecostore with cash registers powered by rooftop wind turbines, skylights instead of light bulbs and photovoltaic solar cells on the roof to help power the bakery’s oven. It’s so environmentally friendly that even the toilet water is collected from raindrops outside. Only this is not […]

BP shuts biggest U.S. oil field

Oil producer BP began shutting down on Sunday the biggest oilfield in the United States, Alaska tiscali

In planning energy future, think local, small and clean

OVERSHADOWED by the expanding debate over global warming, another environmental issue is heating up: the grim prospects that Appalachia and the other coal-rich areas of America face as energy companies plan a series of some 150 major new coal-burning plants. But now, with coal and oil prices soaring, cogeneration should be poised for major expansion. […]

Indonesia To Invest $20 Billion For Biofuel

Indonesia’s energy minister said Aug. 3 the country had targeted six million hectares ( 14, 826 million acres) to develop its biofuel industry in efforts to remedy the country’s reliance on oil. Indonesia’s energy and mineral resources minister, Purnomo Yusgiantoro, said the land allotment would see investments in biofuel projects amount to $20 billion. industryweek

Dubai to Take Control of Offshore Oil Resources

(Reuters) – A unit of ConocoPhillips will end its role as operator of Dubai’s offshore oil resources and the Emirate of Dubai will take over, marking the end of Dubai’s first offshore oil concession, the government of Dubai and the U.S. oil major said on Sunday. Starting April 2, Dubai Petroleum Establishment will be responsible […]

The Great Oil Reserve Swindle

The End of Cheap Oil – Back in 1989, Saudi Arabia claimed to be sitting on a total of 170 billion barrels of oil reserves. Only a year later — and without the discovery of any new major oil fields — the official reserve estimate unbelievably grew 51.2% to 257 billion barrels. One has to […]

Iran Threatens to Use ‘Oil Weapon’ in Nuclear Standoff

The Guardian – Iran warned Britain and the US yesterday that the international community could face a new oil crisis if the United Nations security council imposes sanctions on Tehran over its alleged attempt to acquire a nuclear weapons-making capability. Speaking in Tehran, Ali Larijani, the country’s chief nuclear negotiator and head of the supreme […]

BP Shutting Down Large Alaska Oil Field

AP – BP Exploration Alaska, Inc. began shutting down the Prudhoe Bay oil field Sunday after discovering unexpectedly severe corrosion and a small spill from a transit pipeline. Prudhoe Bay represents about half of Alaska’s oil production and about 8 percent of U.S. production, according to the U.S. Energy Information Administration. Company officials said it […]

Mexico’s energy problems hurt U.S.

America’s energy doomsday clock could be inching closer to midnight with the news that Mexico’s primary oilfield may be ready to crater. If these dire predictions turn out to be correct, such a development could deal a body blow to the United States’ desperately needed oil supplies. With 2006 demand calling for 22 million daily […]

Eight wind turbines set for Lackawanna site

An energy company building a wind farm along the Lake Erie waterfront purchased eight wind turbines and plans to pay the City of Lackawanna rent to install them on the former Bethlehem Steel site, the company said. The 260-foot structures will be the largest wind turbines assembled in the U.S., the manufacturer said in a […]

China’s CNOOC starts production at disputed gas field

China National Offshore Oil Corp (CNOOC) has said gas production had begun from an oil and gas field in the East China Sea, a territory that is the focus of a drawn-out dispute with Japan. Japan and China have long disputed the maritime boundary that lies between them, and Beijing has always insisted its explorations […]

Reaction to Peak Oil starts close to home

Last month the Cowichan Valley Regional District overwhelmingly rejected a motion on peak oil. That is a most disappointing development, since this issue threatens our way of life and our very existence. The reasons given for turning down the motion are simple. It is a global issue that is not within the purview of the […]

Ga. Peaches touted as future fuel source

TIFTON, Ga. – Part-time farmer Jimmy Griner hopes his ever-so-fragrant, crystal-clear, 180-proof moonshine can help solve the nation’s energy problems. Griner arrived at the Georgia Bioenergy Conference this week carrying of quart of the stuff in a Mason jar. He’s licensed to make 10,000 gallons a year of the high-octane elixir that’s distilled from fermented […]

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