Tank Low and Running on Fumes

The Age – A CONTROVERSIAL theory that global oil production will peak within 25 years has been embraced by a Senate committee with the warning: be worried now. The committee says that, like Sweden, which plans to be oil-free by 2020, Australia should be preparing for an irreversible decline in world oil supplies. A report […]

Indonesia’s biofuel program to bring 2.5 million jobs in three years time

In the developing world, biofuels mean jobs. Earlier, Indonesia already hailed its biofuel program as a strategy to alleviate poverty, but remained vague about the actual number of jobs it will bring. Today, the Indonesian government became more concrete and announced that its green energy crash program will generate 2.5 million jobs in under three […]

Clarification of the Huge Chevron Gulf Oil Discovery

The September 5th announcement by Chevron and Devon and Statoil of the huge Gulf of Mexico discovery should be clarified. The announcement claims that the discovery could increase US proven reserves of oil by as much as 50%. However, the total amounts are highly speculative. Additionally, the discovery likely won’t impact oil markets but could […]

Can’t see the Future for the Trees

According to Business Week, ethanol is the ‘white-knight fuel’. Recent studies from the University of Minnesota claim biodiesel is even better. I think both contribute to the very problems they seek to address. Despite all the hype, we must stop and consider carefully before rushing headlong into what might prove a tragic irony of the […]

Russian lawsuit stalls gas, oil plan

Japanese energy and gas firms planning to import oil and natural gas from Sakhalin suffered a setback after the Russian environmental regulator filed a suit seeking to revoke approval for the Sakhalin-2 oil project. If the project is suspended for an extended period, Japanese companies counting on natural resources from the Russian island will have […]

Kew boss: ‘World must wake up to the dangers of biofuels’

The world should wake up to the dangers of the mass production of biofuels, which are increasingly seen as a major solution to global warming, according to Professor Sir Peter Crane, director of the Royal Botanic Gardens, Kew. Extensive production of biofuel crops, such as oil palms, could destroy remaining areas of rainforest and bring […]

Gulf oil find won’t alter prices now

Q . Given the prospects for big oil reserves in the Gulf, is it worthwhile for consumers to find ways to cut their energy use, perhaps buying hybrid cars or smaller traditional vehicles? The Energy Information Administration’s Wood said, “The less petroleum you personally use, the more likely that prices will come down and we […]

IMF boss warns oil investment needed to stave off inflation

The head of the International Monetary Fund says global economy has shown “very strong resilience” in the face of higher oil prices, but further investment in energy infrastructure and greater market transparency are needed to stave off inflation. Speaking in Calgary Friday at a conference on global trade balances and risks, IMF managing director Rodrigo […]

Australians guzzle oil while supplies dwindle

Some members of the Federal Coalition are urging the Government to start planning for the time when the world’s supply of oil starts to run down. Sweden is planning to be oil free by 2020, and a multi-party Senate Committee has cited it as a good example. Their report raises recommendations reducing greenhouse gas emissions […]

Energy Policy Takes Center Stage

The Republican-controlled Congress’ Energy Policy Act of 2005 was intended to establish a comprehensive long-term energy policy. However, barely a year later, a new push to reform U.S. energy policy is underway. Four recent issues have pushed energy to the forefront of policy debate: forbes

Big Oil’s New Conspiracy

Needless to say (you’d think), the arguments alleging oil company manipulation of the market value for gasoline are fundamentally flawed. According to these arguments, oil companies have the power in the first place casually to adjust the market value of gasoline with the same degree of impunity that you and I have in determining what […]

Bailing on Big Oil

Of course, the stock performance of energy companies closely follows the price of oil. But some analysts think that crude prices may be nearing their peak. Combine this with fears of a global economic slowdown and energy stocks that have been flying high for several years, and it begs the question: Is now the time […]

Molecular framework sucks up hydrogen

Champness says they are comparable to porous inorganic materials called zeolites that can trap hydrogen gas inside their pores. But tailoring the precise properties of the coordination framework is much easier, because the size and nature of the pores is dependant on the size and chemical characteristics of the ligands. This means that relatively simple […]

Bigger IEA Role Needed in Oil Market

The International Energy Agency needs to be more active in releasing crude oil from its stocks to help calm volatile oil markets, as the Organization of the Petroleum Exporting Countries is doing enough on its part to supply the market, a former OPEC president said Friday. “IEA should bring their stockpiles to the market,” said […]

Despite Demand Concerns OPEC Set to Keep Crude Taps Open

Ministers from the Organization of Petroleum Exporting Countries gathering Monday in Vienna will face a familiar challenge: whether to put the brakes on oil production at a time when high crude prices have fueled concerns about slowing global economic growth. Their decision is likely to have a familiar ring also: to keep their official pump-at-will […]

Industry Applauds Senators for Urging DOE to Include Geothermal Energy in Loan G

The geothermal industry today applauded a bipartisan letter from ten Senators urging the Department of Energy to amend their loan guarantee solicitation to include geothermal energy. The letter, organized by Senators Harry Reid (D-NV), was also signed by Senators Ensign (R-NV), Boxer (D-CA), Feinstein (D-CA), Craig (R-ID), Crapo (R-ID), Akaka (D-HI), Murkowski (R-AK), Salazar (D-CO) […]

Acoustic Data May Reveal Hidden Gas, Oil Supplies

Just as doctors use ultrasound to image internal organs and unborn babies, MIT Earth Resources Laboratory researchers listen to the echoing language of rocks to map what’s going on tens of thousands of feet below the Earth’s surface. With the help of a new $580,000 US Department of Energy (DOE) grant, the earth scientists will […]

Non-OPEC production plentiful in next 5 years – analyst

Substantial increases in oil production in Africa and the former Soviet Union, along with slowing demand, will put the squeeze on oil cartel OPEC in the next five years, a strategic analyst said on Thursday. “There’s enough non-OPEC supply to meet demand,” said Sarah Emerson, managing director of Energy Security Analysis Inc. Emerson said ESAI […]

ASPO-USA Peak Oil Convention in Boston has extended the early registraton period

The fee to register for the conference will now increase Sept 16th. ASPO-USA BOSTON WORLD OIL CONFERENCE Time For Action aspo-usa

VW Chairman Calls for Policy Treatment for Second-Generation Biofuels

A key element in Volkswagen greencarcongress

The Hubbert Parabola

The logistic curve, and its derivative the hubbert’s curve, has been widely used to model population growth. And it has been applied to model oil production by M. King Hubbert. The model comes from the following differential equation:

dQ/dt=kQ(1-Q/URR)

where Q(t) is a function of time (measured in years) and it is defined as the cumulative production of a region until the end of year t. The parameter URR is the “Ultimately Recoverable Resources” or the maximum cumulative production that can be reached. K is the Malthusian parameter or the maximum cumulative production growth.

graphoilogy.blogspot.com

Australia’s future oil supply and alt. transport fuels – Interim report

Structure of the report 1.6 Chapter 2 summarises predictions of Australian and world oil production and consumption. It notes the arguments of the 1.9 Chapter 5 discusses possible demand side responses to long term high oil prices. The items most mentioned in evidence were encouraging more fuel efficient vehicles, encouraging more use of railways for […]

Oil Depletion Protocol launches

As we move into an era of oil depletion and energy constraint, everything from transportation to medicine to food to climate change response strategies will be affected. Almost everything we do is dependent on oil.

The transition to a future of reduced oil supply will require the development of clean, reliable, and renewable energy sources and reduced oil production and consumption. The Oil Depletion Protocol will allow us to accomplish both – simply, conservatively, and cooperatively. It is a plan for a sensible energy future.

oildepletionprotocol.org

Russia: Moscow Mulls Its China Energy Strategy

As Russia prepares to sell natural gas to China, Russian experts have been busy creating a number of scenarios for such future sales. The one Russian President Vladimir Putin selects will not just have an impact on gas customers in Asia, but will also drastically affect the economic development of Siberia and Russia’s Far East. […]

Global Warming Taking Earth Back to Dinosaur Era

Global warming over the coming century could mean a return of temperatures last seen in the age of the dinosaur and lead to the extinction of up to half of all species, a scientist said on Thursday. Not only will carbon dioxide levels be at the highest levels for 24 million years, but global average […]

Biofuels Growth Seen Posing Threat to Wild Birds

A rapid rise in biofuels production in Europe poses a potential threat to some wild birds, Mark Avery, director of conservation for the Royal Society for the Protection of Birds, said on Thursday. Avery noted that the crops used for biofuels production could be grown on land currently designated as “set aside” which had proved […]

Wal-Mart aims for even lower prices

Wal-Mart CEO says the retail giant is ‘re-energizing’ its discount programs to offset gas prices, boost traffic. NEW YORK (CNNMoney.com) — Wal-Mart is preparing to go deeper with discounts in a bid to boost customer traffic and offset lost sales as higher gas prices force its core low-income shoppers to cut back, Wal-Mart CEO Eduardo […]

Predictions vary, but one day the oil will run out

In his 2006 State of the Union address, President George W. Bush declared that the U.S. is a nation In 1956, Hubbert made a bold prediction. Oil production in the Lower 48 states, he said, would peak in the early 1970s and decline forever after. He proved, if anything, slightly too optimistic: the actual peak […]

Take a Lesson from History

All civilizations run on energy. On Easter Island, in centuries past, energy came in the form of trees. Nothing happened on Easter Island without trees: no fires for cooking, no materials for building houses, no canoes for fishing, and no wooden poles for raising the enigmatic giant stone statues which stand to this day with […]

Oil Scene

On a sweltering (from European standards) Tuesday in mid-July, in the fields outside Pisa, Italy, a relatively good crowd had gathered to discuss and debate a geological theory, commonly referred to as peak oil. Many out there predicted the imminent end of the “Oil Age”. The peak oil movement The US Energy Secretary has now […]

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