China: Energy Needs Won’t Cause Conflict

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

Norway Oil Output ‘Peaking’

UpstreamOnline – Norway’s oil output is peaking at around 3 million barrels per day and will stay at this level for the next four to five years before the country switches focus to natural gas production, a senior government official said today. “We are sort of on the peak of oil production (and) we will […]

The Oil Drum: The Loglet Analysis

Most peakoilers on this site have been introduced to the logistic curve through the famous prediction of King Hubbert on the Lower-48 production. Fewer maybe knows that curve fitting techniques have been extensively applied by people that we may qualify as cornucopians. Ironically, the logistic curve is also used as a prediction tool for market […]

Does Chevron’s Triumph in the Gulf of Mexico Discredit Peak Oil?

for a twenty-minute audio interview with peak oil expert and commentator Byron King (an attorney and formerly a geologist) about whether Chevron’s breakthrough at Jack in the Gulf of Mexico means the demise of peak oil as a concept or as a reality, go to: Etopia Media

Oil recovers around $68

Crude prices could fall even more as U.S. summer driving season ends, fears of OPEC supply disruption ease. Oil prices traded around $68 a barrel Wednesday, recovering from a three and a half month low struck the previous session and hovering above key support levels that, if broken, could trigger a deeper selloff. U.S. light […]

BANGLADESH: Load- shedding deepens in city

Residents of Gulshan, Banani and part of Baridhara diplomatic enclave yesterday experienced a bitter day due to load-shedding. Situation in other areas of the capital, particularly the old part of Dhaka, is unbearable due to regular outage of power. Power supply in the capital did not improve even after nocturnal processions by residents of some […]

Farming for Energy

As eco-friendly energy becomes more cost-efficient, convenient, and feasible, the time may be right for a growth spurt As oil prices continue to rise, power companies and consumers have started to look elsewhere for their energy needs. Voila: Alternative energy producers are clambering out from the shadow of the oil industry giants, ready for their […]

Oil firms pile into bidding for rights in India

THE world With oil prices near record highs and companies struggling to find new reserves, the interest in the Indian auction has been intense. All the world

Dip in gas prices may lift entire economy

Gasoline prices fell by more than 30 cents a gallon last month, and everyone stands to benefit. NEW YORK The falling prices are a welcome benefit to consumers who have been grumbling all year about how much more it costs to fill their tanks. With more money in motorists’ pockets, the economy should benefit as […]

Cairn delays India oilfield start

Cairn Energy has again put back the start date for production at its main Indian oilfield. The firm blamed the delay on slower-than-expected pipeline building. The Mangala oilfield should now come online in 2009, rather than in 2008 as predicted. Cairn had initially forecast it would start pumping oil in 2007. However, the company said […]

Chad eyes bigger share of its oil profits

DAKAR, SENEGAL Deby vowed that Chad’s newly created oil company should have a proper stake – 60 percent – in the pipeline. “A revolution has started … which will bring salvation to … our country, and future generations,” Deby told cheering supporters later. Since then, the government has toned down its rhetoric, saying simply that […]

Dr Ali Morteza Samsam Bakhtiari and the four phases of transition

…Dr Bakhtiari predicts oil will cost in the range of $100-150 per barrel in the not-too-distant future. He characterizes this as the “Four Phases of Transition”… Dr Ali Morteza Samsam Bakhtiari is a former senior energy expert who spent his long career, which started in 1971, employed by the National Iranian Oil Co. (NIOC) of […]

Advocates laud safety of new nuclear reactors

Global warming, fuel costs drive interest, but opponents warn of danger CORVALLIS, Ore. – Jose Reyes’ research lab looks like a three-story tangle of pipes and instruments. But to nuclear engineers like him, it’s evidence that generating electricity by splitting atoms can cost less and be done more safely than in the past. Reyes heads […]

Cameron questions globalisation

People should blame globalisation rather than immigration for problems like low wages, David Cameron has said. In a speech in India, Mr Cameron said the benefits of globalisation cannot simply be celebrated. There are depressed towns in the UK “where the winds of globalisation feel like a chilling blast, not an invigorating breeze”, he said. […]

Tories want road pricing for all lorries driving in Britain

THE Conservatives want to impose a road pricing charge on all lorries using roads in the UK to counter the problem of overseas hauliers forcing their British rivals out of business, The Times has learnt. Chris Grayling, the Shadow Transport Secretary, will tell road hauliers today that the Tories will prioritise a lorry road-user charge […]

Oil Prices – Just Starting to Warm Up

I’m not a scientist, nor a petroleum engineer. Like most of you, I read what other experts say about complicated issues and try to make sense of it. Also like most of you, I try to think through the consequences. I have no clue whether or not oil is going to $200 anytime soon, but […]

Peak oil theorists don’t know Jack

Chevron Corp. and its partners say they have tapped into an area that may contain as much as 15 billion barrels of oil in the ultradeep waters of the Gulf of Mexico theglobeandmail

Supreme Court to consider global warming

Well, the argument has pretty much reached the boiling point, which on these shores means the Supreme Court is going to weigh in on the matter. Next month the top court will hear the case, Commonwealth of Massachusetts, et al v. United States Environmental Protection Agency, which centers on a 2003 EPA decision not to […]

Aramco Says It Will Retake Top Spot as China Supplier

Saudi Aramco, the world’s largest oil company by output, will retake the top spot as China’s largest crude supplier, Ibrahim Mishari, the company’s vice president for marketing and supply said in Singapore today. State-owned Saudi Aramco, which markets the kingdom’s oil, fell behind Angola as China’s biggest supplier this year. Saudi Arabia’s closer to China […]

Solar cells go thin and flimsy

The next generation of solar cells made out of plastics and microscopic crystals instead of silicon are taking shape at UQ (University of Queensland). UQ Master of Physics student Michael Deceglie is working on improving the stability and overall efficiency of solar cells. physorg

‘Just 4 appliances use up India’s 22% power’

Mark Ginsberg is a senior executive board member of the newly created US Energy Efficiency and Renewable Energy (EERE) Board of Directors, and his portfolio includes energy efficiency, renewable energy, and climate change technologies. One big topic is the emphasis on an Asia-Pacific partnership which was formed a couple of years ago among six countries: […]

Europe hopes Gazprom can handle possible gas shortages

Gazprom has contracts to supply 13 billion cubic meters of gas annually for a period of 25 years after 2011, and if the North European Gas Pipeline is not commissioned by 2011, the Russian giant will have to use existing pipelines, which will inevitably lead to gas shortages.Gas production in Europe has been falling. The […]

PREVIEW OF WORLD WAR THREE

In coming days and weeks, sock-puppets like George Bush will jawbone about stopping Iran’s “nuclear enrichment program.” If you understand the big picture you can tune all that out. If it weren’t nuclear enrichment, he’d find some another excuse to menace Iran. Here’s why: etherzone

India: Now, sugarcane for fuel

Oilfields and coal mines are passe. India is now poised to make a go at acquiring sugarcane acreages overseas in search of energy security. The idea is to put in place an assured supply of ethanol, a byproduct of the sugar industry that is mixed with petrol to produce swadeshi fuel or ‘gasohol’. Progressive use […]

NZ Algae Biodiesel Producer to Join Girvan Institute

The Silicon Valley-based Girvan Institute of Technology has invited Aquaflow Bionomic Corporation, a New Zealand company that produces biodiesel from algae sourced from sewerage ponds, to join. greencarcongress

Ghana: Power Shortage Cuts Alcoa, Ghana’s Aluminium Output

The Volta Aluminium Company (VALCO)’s smelter in Tema has shut half of its pot lines down because of a request by the State Power Authority to reduce electricity use. According to the company, demands from the nearby capital city of Accra have increased faster than anticipated, causing blackouts and taking up power supply needed at […]

China emerges as ethanol exporter amid high oil prices

China is unexpectedly emerging as a major exporter of ethanol as record-high crude oil prices and a U.S. deficit in the biofuel have pushed up its international price, triggering an investment boom. Industry officials said China’s 2006 exports of ethanol, or ethyl alcohol made largely from corn or cassava, were set to exceed 500,000 tons […]

Energy costs force server rethink

For most of the history of commercial IT, servers have been measured largely by one metric: performance related to cost of acquisition. However, that equation, often known by the Americanism “bang per buck”, is now being challenged by a new metric called “performance per watt”. The rise of performance per watt as a concern among […]

Heavyweight harangues Japan on oil law reform

These are worrying times for the Japanese oil industry, with looming threats to vital supplies from Iran, both short and long-term. But Nippon Oil Corp’s Fumiaki Watari seemed more concerned yesterday about his own country’s energy conservation regime. Watari, a 56-year veteran of the industry, says Japanese oil companies are pressing the Government to replace […]

The oil ’spike’: Even worse than we thought

What Hubbert called “the big rollover” is upon us: the moment when oil production actually begins to decrease. And given that this coincides with the great Asian takeoff in demand, it is hard to see why we should expect the oil price to come down, however fervently we might wish that it would. The real […]

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