Some insiders reject ‘peak-oil theory’

Saudi official says more than a century’s worth of oil remains Leading players in the petroleum industry, including Saudi Arabia and Exxon Mobil Corp., are aggressively arguing that plenty of crude oil remains for world consumption, in an effort to counter critics who contend crude output is about to plateau. That argument, known as the […]

Gulf gusher shows inaction of Congress

The oil industry calls them “elephants” To be sure, giant oil fields, like real elephants, are getting harder and more expensive to find. The Gulf of Mexico discovery proves the point. It begins a staggering five miles below the Earth’s surface, under 7,000 feet of water. Chevron says it will spend billions to develop the […]

U.K.: Mayor’s ‘cheap oil deal’ slammed

Ken Livingstone has been criticised for a proposed deal to get cheap Venezuelan oil for London’s buses, in return for consultancy services. The London mayor confirmed his officials were in discussion with Venezuelan president Hugo Chavez. London would offer help on issues such as transport and the environment. But the Tories questioned the impact it […]

Amazonian tribe protests at oil pollution

Indigenous communities of the Peruvian Amazon are stepping up their campaign against oil companies, as the BBC’s Dan Collyns reports from the capital, Lima. Peru’s Amazon state, Loreto, takes up almost a third of the entire country. A vast expanse of rainforest divided by tributaries of the Amazon river, even its main city Iquitos is […]

Gasoline, natural gas to cost less than expected

Energy users will get some breathing room before prices rebound, the government said Tuesday. Gasoline and natural gas prices will be lower than previously thought, according to the Energy Information Administration’s monthly short-term forecast. EIA now believes that the average price for a gallon of regular gasoline will be $2.65 for all of this year […]

Nigeria oil shortfall expected to last about six months

VIENNA (AFP) – Nigeria is losing about 872,000 barrels per day in oil production due to unrest and most of the shortfall is expected to last about six months, the west African country’s oil minister has said. Production currently stands at 2.3 to 2.33 million barrels per day, Edmund Daukoru said Wednesday on the sidelines […]

Selling Canada by the cubic foot

On July 14, one day before travelling to St-Petersburg for the G8 meeting, Stephen Harper gave his first speech abroad in his capacity as PM. He told the Canada-U.K. Chamber of Commerce in London that Canada is the “new emerging energy superpower.” The next day upon his arrival in Russia, Harper, according to Canadian Press, […]

China, US vow closer energy ties

China and the United States agreed yesterday to intensify partnership in developing new and renewable energy resources to meet their increasing demands. The consensus was reached during the second round of Sino-US energy policy dialogue, which was held in Hangzhou, capital of East China’s Zhejiang Province. Zhang Guobao, vice-minister of the National Development and Reform […]

China to reduce reliance on oil imports by basing energy supply on coal

China will reduce its reliance on petroleum imports by basing its energy supply on coal and developing new and renewable energies, said a senior official with the National Development and Reform Commission (NDRC) on Tuesday. The Chinese economy has maintained a growth of over 10 percent for three years running so it is normal for […]

Big oil firms tell consumers: use less fuel

Some of the biggest Western oil companies are urging consumers to use less energy to bring down prices and slow rising global demand. The move comes as concern grows about global warming and as the oil industry contends with limited access to new reserves and criticism from politicians for not investing enough.Washington Post

Oil won’t Drop Below $50

Even if the decrease in oil prices from $79 to $64 raised hopes for even lower prices, Turkey’s refinery giant Turkish Petroleum Refineries Corporation (TUPRAS) General Director, Yavuz Erkut, said the chances for a further decline in oil prices were minimal. Erkut cited key events affecting the oil industry, such as the rapid development in […]

BMW to Put 1st Hydrogen Cars on the Road in 2007

German automaker BMW said Tuesday that it would begin distributing the world’s first hydrogen-burning cars to selected users in the U.S. and Europe next year. The cars are 7-Series sedans powered by 12-cylinder internal-combustion engines capable of burning gasoline or liquefied hydrogen. latimes

Biofuels, low inventories may lift palm oil prices

Palm oil prices are likely to rise by 10 per cent early next year as surging world demand for biodiesel is expected to increasingly reduce inventories in top producer Malaysia, a leading analyst said yesterday. Countries such as Indonesia are also pushing to expand plantations but output from new trees is not expected for at […]

Refinery bottlenecks to dog oil industry until 2010

High oil prices are still being propped up by a shortage of refinery capacity and there is little sign of the bottleneck easing until 2010, industry executives and officials discussing OPEC’s future have warned. That potential respite relies on the unlikely prospect all 66 refineries planned by oil companies and producers being built, as well […]

Energy predicaments and prospects

The end of the age of cheap oil promises a sea change in the world’s economies and societies as significant as the beginning of the fossil fuel age some three hundred years ago. Its impact can easily be overstated, though; indeed, it has been overstated by quite a few writers on the survivalist end of […]

Climate Change Poses Disaster Scenario for Miners

Flooded railway lines and storms destroying open-pit mines are among the challenges mining firms will face in the future as climate change grips the planet. Traders in weather derivatives say they’ve seen a surge in interest from mining companies to hedge against extreme weather. Miners contribute to GHGs emissions by consuming large quantities of oil, […]

Uganda: Invest in More Energy, Government Told

Biomass energy and reforestation are some of the projects that government can invest in to address the current energy crisis in the country. The crippling power crisis that is being experienced in the country has forced companies and the manufacturing sector in general to to increasingly use expensive thermal generators, which has pushed their costs […]

IMF Increases Global Growth Forecasts, Warns of Risks

The International Monetary Fund raised its forecasts for global economic growth while warning that inflation, oil prices and the U.S. housing slowdown threaten the strongest expansion in three decades. Global output will rise 5.1 percent this year and 4.9 percent in 2007, the fund said in its World Economic Outlook today in Singapore. Both forecasts […]

Community Renewable Energy Is Just Around the Corner

For decades, the conventional wisdom about developing energy projects in the U.S. has been that “big” always meant cheaper, and therefore better, projects. This produced what has become our modern centralized electric power system fueled primarily by coal, natural gas and nuclear power. renewableenergyaccess

World has 10-year window to act on climate

leading U.S. climate researcher said on Wednesday the world has a 10-year window of opportunity to take decisive action on global warming and avert a weather catastrophe. NASA scientist James Hansen, widely considered the doyen of American climate researchers, said governments must adopt an alternative scenario to keep carbon dioxide emission growth in check and […]

Brown University Researchers Develop Prototype Polymer-Based Battery

Brown University engineers Hyun-Kon Song and Tayhas Palmore have developed a prototype polymer-based battery that combines the power of a capacitor with the storage capacity of a battery. A paper published in Advanced Materials describes their work. greencarcongress

CEO of AutoNation

In an opinion piece published in the Fort Lauderdale Sun-Sentinel, Mike Jackson, the Chairman and CEO of AutoNation, makes a case for plug-in hybrids. AutoNation is the nation greencarcongress

EIA Expects Oil to Hold Around $70 per Barrel for 2007

Despite a recent drop in oil prices, the US Energy Information Administration (EIA) projects the WTI (West Texas Intermediate) crude oil spot price to average around $70 per barrel for the rest of 2006 and 2007. The EIA made its projection in the September edition of the Short Term Energy Outlook (STEO). greencarcongress

Google starts for-profit charity with $1 billion

The ambitious founders of Google, the popular search engine company, have set up a philanthropy, giving it seed money of about $1 billion and a mandate to tackle poverty, disease and global warming. But unlike most charities, this one will be for-profit, allowing it to fund startup companies, form partnerships with venture capitalists, and even […]

The Peak Oil Crisis: Hyping Jack No. 2

Falls Church News-Press – The story broke the morning after Labor Day, when the Wall Street Journal ran a front-page piece reporting that Chevron along with two partners had announced the results of a major oil production test in the Gulf of Mexico. The partners Chevron, Statoil, and Devon Energy ran the test on a […]

Averting an Energy Crisis in South Asia

Asia Times Online – South Asia has a problem: it doesn’t have enough energy. Pretty standard stuff, really, but what is notable is that grand energy-policy visions are drifting dangerously far from the realities on the ground. For a region that is developing swiftly, energy problems can only worsen in coming years. In response, institutional […]

China, US Vow Closer Ties

China Daily – China and the United States agreed yesterday to intensify partnership in developing new and renewable energy resources to meet their increasing demands. The consensus was reached during the second round of Sino-US energy policy dialogue, which was held in Hangzhou, capital of East China’s Zhejiang Province. Zhang Guobao, vice-minister of the National […]

Republican Congressman Roscoe Bartlett sounds the peak oil alarm

For an in-depth audio interview with Congressional Peak Oil Caucus founder and Republican Congressman from Maryland Roscoe Bartlett, go to: Etopia Media

Shell CEO: Why Oil Will Get Cheaper

The CEO of Shell says that despite all the speculation, there is no physical shortage. Shell CEO Heroen van der Veer was calling the drop in oil prices even before it began last week. An oil-industry veteran who is not given to rash predictions, he spoke recently to NEWSWEEK’s Rana Foroohar about the industry’s most […]

Prominent CERA official

Cambridge Energy Research Associates (CERA) is a widely touted US-based energy advisor firm. They bill themselves as a source to A wide range of very serious organizations are looking at and/or have commented upon the concept of peak oil, including the National Academy of Sciences (10/05), the US GAO (11/06), and the National Petroleum Council […]

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