Methane bubbles climate trouble

BBC – Thawing Siberian bogs are releasing more of the greenhouse gas methane than previously believed, according to new scientific research. Scientists from Russia and the US measured methane bubbling from a number of thawing lakes. Writing in the journal Nature, they suggest the methane release is hastened by warmer temperatures, positively feeding back into […]

Clinton to get custom hybrid SUV

Specially outfitted Mercury Mariner Hybrid on its way to former president. NEW YORK (CNNMoney.com) — Former president Bill Clinton will take delivery of a specially outfitted “Presidential Edition” Mercury Mariner Hybrid SUV later this month. The vehicle’s customized interior includes unique LED lighting and a 110-volt outlet. The Mariner’s rear bench seats were replaced by […]

Post Oil Man

Post Oil Man animation…

You Tube Video

original on jameswjohnson.com

How green is Canada’s Green Party?

For Canada to meet its Kyoto targets, Alberta’s oil sands are the single biggest issue. In the next decade, the world’s largest industrial project is supposed to triple in size, deliver a large part of our oil and provide huge revenues for government coffers. But if the present growth rate continues, forget Kyoto. An ancient […]

Lukoil Announces $100Bln Ambitious Investment Plan

Russia Lukoil is stepping up expansion outside Russia as the government increases taxes on crude output and exports and increases its presence in the industry. While the plan to spend $10 billion a year pushes Lukoil into the league of the largest oil companies, it is still only half as much as Exxon Mobil wants […]

Congress finds BP Alaska problems

Simmons: BP’s CEO “AWOL” Investigators in the U.S. Congress have found “significant problems” with the way BP Plc maintained its Prudhoe Bay facility in Alaska, sources close to the inquiry said, setting the stage for a heated hearing on Thursday into corrosion that threatened to shut down the biggest U.S. oil field. Staff of the […]

Rift widens between producers, consumers

LONDON: High crude prices have widened the rift between consuming nations, hungry for oil now, and producers who argue they must manage their reserves for the future. Britain used the latest technology to pump as much North Sea oil as possible and now its fields are declining at the fastest rate in the world. At […]

Plenty of Oil

The discovery of reserves in the Gulf of Mexico means supply isn’t topping out You can tune out all the scare talk about Peak Oil for a while One huge oil reserve, even if it could rival the 1968 discovery of Prudhoe Bay and increase U.S. reserves by up to 50%, will not turn around […]

Energy stats of confusion

One of the hazards involved in energy analysis is placing too much emphasis on raw data, like the kind one finds in the U.S. Energy Information Agency Notwithstanding that contradictory finding, EIA reported yesterday that demand for gasoline in the four-week period ending Aug. 25 was 1.6 percent higher than the same four-week period last […]

A Bubble In Crude

Energy: Those worried about having enough oil can relax. A big new discovery shows there’s plenty out there As the new discovery shows, it doesn’t have to be this way. According to the three companies that drilled it

OPEC steers steady course for Vienna meeting

GENEVA (AFP) – The Organisation of Petroleum Exporting Countries appeared set to keep production quotas unchanged at its regular meeting on Monday, but a recent dip in oil prices is fuelling speculation about future shifts in output. OPEC ministers have signalled in recent weeks that they see little reason to cut output or change the […]

Offshore-drilling legislation heats up

WASHINGTON The discovery of reserves that may exceed Alaska’s Prudhoe Bay, the nation’s largest oilfield, could be “galvanizing,” says Marnie Funk, a spokeswoman for Senate Energy Chairman Pete Domenici, R-N.M. “The House either takes the Senate (bill) or no one gets an energy bill this year. That’s simply a political reality,” she said. “We only […]

MIT energy experts explore life ‘beyond carbon’

If all nations burned gasoline for transportation at the same rate as the United States, world gasoline consumption would rise nearly ten-fold, with a corresponding hike in the concentration of greenhouse gases. That’s just one reason why it is imperative that nations work to create a more sustainable transportation system, says John Heywood, director of […]

Botswana: Analysts Warn of High Fuel Prices

Analysts have warned that the economy is no longer capable of absorbing uncomfortably high fuel prices. They are particularly concerned that they National Petroleum Fund (NPF) that is used to subsidise fuel prices by the government has been massively depleted. “The danger is that should this happen, all commodities that are affected by transport will […]

China says energy needs won’t cause conflict

China, the world’s second-largest oil consumer, hopes dialogue and conciliatory policies will blunt tensions caused by its growing energy needs, a Foreign Ministry official said on Wednesday. Liu Jianchao, the Chinese Foreign Ministry’s chief spokesman, said China’s growing appetite for natural resources would not put it in conflict with other countries, and that it was […]

Russia may face gas supply crisis in 2 years – Gref

A crisis of natural gas supplies may hit Russia in two years, the economic development and trade minister said Wednesday. German Gref said last fall Russia was facing energy problems. rian

China to Invest in ”Combustible Ice”

Over the next decade, China plans to invest 800 million RMB (US $100 million) in the development of methane gas hydrate—so-called “combustible ice”—to meet its rising energy demand and alleviate heavy dependence on fossil fuels, according to a report by the National Development and Reform Commission, the country’s top economic planner. Scientists, however, worry that […]

Saudi Aramco to regain top spot as China’s oil supplier

Saudi Arabia will regain its position as China’s biggest oil supplier because of shorter sailing distances and the Asian nation’s increased capacity to process the kingdom’s crude, said an official from the state oil company. Saudi Aramco, the world’s biggest oil producer, fell behind Angola in shipments to China this year as refiners in the […]

Malaysia runs short of palm oil estates

Malaysia, the world’s largest palm oil producer, says that it has almost run out of land suitable for new plantations of the crop, and that it will need to raise productivity of existing trees if it is to tap rising demand. “In terms of land that is suitable for palm, there’s not much left,” the […]

Asia oil refiners cut back as margins fall to decade lows

Major oil refiners in Japan and South Korea have curbed operations this week in an effort to revive deeply negative simple margins by limiting fuel output, industry and company sources said yesterday. The cuts, the first broad reductions since a brief spate of curbs last November, may help boost prices of petrol and other fuels, […]

Betting billions on liquefied natural gas

An estimated $30 billion a year is pouring into developing liquefied natural gas. Despite concerns over the safety and the cost of importing it, analysts say the fuel will make up a larger and larger share of America’s energy mix and may help prevent seasonal natural gas price spikes. cnn

Kurdistan discovery may tempt oil majors

International oil companies including Shell, ExxonMobil, Total, BP and Chevron are positioning themselves to exploit Iraq’s rich oilfield potential once the country agrees to legislation protecting their investments.The attraction lies in more than 500 geological structures believed to contain huge volumes of oil and. Most structures have yet to be drilled and at present almost […]

BP facing US oil prices lawsuit

BP is facing a fresh lawsuit in the US, alleging it manipulated oil prices by limiting access to important storage facilities in 2003 and 2004. Oil futures trader Richard Hershey claimed he suffered financial damage as a result of BP’s alleged action, which he said artificially affected prices. bbc

Enzymes may hold answer to harnessing hydrogen power

Enzymes rather than scarce and expensive platinum may hold the answer to the hydrogen fuel cells of the future to halt global warming and as the oil runs out, a scientist said on Wednesday. Fraser Armstrong, chemistry professor at Oxford University, said that enzymes known as hydrogenases are more effective than platinum at converting hydrogen […]

SRAK Begins Drilling for Gas in Saudi Arabia’s Empty Quarter

After exploring for two and a half years in the Empty Quarter, the South Rub’ al-Khali Company Ltd. (SRAK) has begun drilling for nonassociated gas and gas condensates. SRAK is an incorporated joint venture operating on behalf of its three shareholders: Royal Dutch Shell with 40 percent, and France’s Total and Saudi Aramco each holding […]

Study says methane a new climate threat

Global warming gases trapped in the soil are bubbling out of the thawing permafrost in amounts far higher than previously thought and may trigger what researchers warn is a climate time bomb. Methane yahoo

Wind Energy: An Overview

Currently the world’s fastest growing renewable power source, wind energy is the transformation of the wind’s kinetic force into mechanical power through a turbine. The mechanical power can be used for such tasks as grinding grain or pumping water, or converted into electricity through a generator for use by homes and businesses. “[Though] only about […]

Two billion homes could benefit from solar energy

Two billion households worldwide could realistically be powered by solar energy by 2025, according to a joint report released by the European Photovoltaic Industry Association and Greenpeace. The report concludes that, thanks to advances in technology, increasing competition and investment in production facilities, solar power has now become a serious contender in the electricity market; […]

The Peak Oil Crisis: The Word Begins to Spread

Falls Church News-Press – The world oil situation is quiet at the moment. Oil prices have dropped to their lowest level in 15 weeks due to the lack of any imminent geopolitical threats or looming hurricanes. The Iranian nuclear enrichment situation seems to be on hold for awhile as the US can’t convince China, Russia, […]

Oil Critic Warns Alaska Pipeline Corrosion Bigger Than BP

(Dow Jones)–BP PLC’s (BP) corrosion problems in its Alaska crude pipeline system are pervasive, and state regulators were complicit in concealing a fraudulent maintenance program, a top oil industry critic said Tuesday ahead of congressional hearings on the issue. The accusations by Charles Hamel come just two days ahead of a House Committee for Energy […]

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