Mubarak says Egypt will develop nuclear energy

Egyptian President Hosni Mubarak said here on Thursday evening that Egypt will continue its scientific research to develop peaceful nuclear technology regardless of its high cost. xinhuanet

Taking Oil Out Of The Equation, by Michael T. Klare

In his original statements, bin Laden’s declared goals were far more limited and pragmatic: to drive the United States out of Saudi Arabia, oust the royals, and put Muslims in control over the production of oil. “We cannot let the American army stay in the Gulf area and take our oil, take our money, and […]

ASPO-USA co-founder Steve Andrews on the ASPO-USA 2006 World Oil Conference

To access a 75-minute audio interview with ASPO-USA co-founder Steve Andrews about the ASPO-USA 2006 Boston World Oil Conference, “Time for Action: A Midnight Ride for Peak Oil,” scheduled for October 26-27, 2006, in Boston, Massachusetts, go to: etopiamedia

House Democrats call for hearings on alleged Department of Interior collusion

To access a recording on the Peak Oil/Global Warming Channel of today’s phone-in press conference by Congressmembers Maurice Hinchey, Carolyn Maloney, Ed Markey, George Miller, and Jim Moran calling for hearings on what they allege to be Department of Interior collusion with fraudulent avoidance of oil royalties owed by Kerr-McGee Corporation and Shell Oil, go […]

India needs to depend less on oil import: World Bank

The World Bank on Thursday said India and other oil-importing developing countries should reduce dependence on petroleum products since high oil prices are a major concern in these nations. “When oil prices move from $60 to $80 a barrel, it causes great difficulty in terms of economic management for all developing countries,” World Bank vice-president […]

Edwards sees threat to oil sands projects

High costs will likely derail some projects in the oil sands, according to Murray Edwards, the reclusive vice-chairman of Canadian Natural Resources Ltd., one of many firms working in the overheated Fort McMurray region of Alberta. It was the strongest public declaration yet from a senior industry executive that some projects may not go ahead […]

Opec production cutbacks likely to be just a question of time

Oil’s rapid descent to $60 is ringing alarm bells in many Opec countries and the question now is when, not if, the producer group will cut supplies. Prices have fallen $5 a barrel since the Organisation of Petroleum Exporting Countries agreed on September 11 to hold output steady despite a sharp drop from a mid-July […]

Meltdown: Ice Cracks at North Pole

Satellite images of the Arctic show large openings in the perennial ice cover, yet another consequence of greenhouse warming, scientists announced this week. The Arctic’s thick perennial sea ice typically survives the warmth of the summer and lasts through the year. But satellite images taken in late August show that up to 10 percent of […]

Floating Wind Turbines the Wave of the Future

An MIT researcher has a vision: Four hundred huge offshore wind turbines are providing onshore customers with enough electricity to power several hundred thousand homes, and nobody standing onshore can see them. The trick? The wind turbines are floating on platforms a hundred miles out to sea, where the winds are strong and steady. renewableenergyaccess

Thinner and more Powerful Solar Cells Soon?

It techdigest

US DOE Releases Climate Change Technology Program Strategic Plan

The US Department of Energy (DOE) has released the Climate Change Technology Program (CCTP) Strategic Plan, which details measures to accelerate the development and reduce the cost of new and advanced technologies that avoid, reduce, or capture and store greenhouse gas emissions. greencarcongress

Schwarzenegger, Bloomberg team on climate change

California Gov. Arnold Schwarzenegger and New York City Mayor Michael Bloomberg agreed on Thursday to work together to reduce greenhouse gas emissions because the Republicans said they cannot wait for the Bush administration to take action on climate change. Schwarzenegger said that the partnership with Bloomberg and another made with British Prime Minister Tony Blair […]

Army to test hydrogen fuel cell vehicle

The Army and General Motors Corp. are collaborating to help the military learn more about the uses of hydrogen fuel cell vehicles, a potential aid for soldiers on future battlefields. The Army received the keys Thursday to a Chevrolet Equinox fuel cell vehicle, beginning a year of tests to see how the hydrogen power might […]

House panel embraces “25 by ‘25″ energy goal

Congress could set a goal of deriving 25 percent of all U.S. energy from renewable sources — biofuels and hydro, wind and solar power — by 2025 under a resolution approved by the House of Representatives’ Agriculture Committee on Thursday. yahoo

Nigeria Runs out of Jet Fuel

Abuja – A shortage of aviation fuel in Nigeria has caused airlines to cancel or delay hundreds of domestic flights over the past week while British Airways planes are stopping in neighbouring Benin to refuel. Airports have been crammed with passengers desperate to get onto flights and some airlines have resorted to changing their routes […]

Tax credits on Toyota hybrids being halved

Reduction starts Oct. 1 after carmaker reached limit set by Congress WASHINGTON – Tax incentives for environmentally concerned drivers shopping for certain energy-efficient hybrids will soon start disappearing like autumn leaves. The Internal Revenue Service said Wednesday its tax collectors have been told that Toyota this summer hit the legal production limit The announcement means […]

Ethanol rush running out of gas

Alternative energy’s latest craze is losing support on Wall Street. NEW YORK (CNNMoney.com) — Ethanol producer Hawkeye Holdings postponed its initial public offering this week, the latest setback for makers of the alternative fuel and a sign more tough times may be ahead. As crude prices spiked to record highs earlier this year, ethanol was […]

Branson pledges $3B to fight global warming

Billionaire business mogul says 100% of future proceeds from certain divisions of Virgin Group will go towards tackling problem. NEW YORK (Reuters) — Billionaire British businessman Richard Branson Thursday committed $3 billion over the next 10 years to combating global warming. “We are very pleased today to be making a commitment to invest 100 percent […]

Protest over power outage

Clash with police in Narsingdi: 50 hurt BANGLADESH – At least 50 textile workers were injured as police charged baton to disperse them from the Palli Bidyut Samiti office premises at Choala in the town yesterday. The textile workers were protesting irregular power supply to their factories. Eyewitnesses said over 1000 agitated workers entered the […]

Yukos loses its bankruptcy appeal

A Moscow arbitration court has thrown out an appeal by Russian oil firm Yukos against it being declared bankrupt. Yukos was challenging a decision made last month that cleared the way for the firm to be liquidated. The decision followed a three-year court battle for survival, after Yukos was hit with a huge back tax […]

For Bush, cheaper gas is premium

WASHINGTON Statisticians who have compared changes in gas prices and Bush’s ratings through his presidency have found a steady relationship: As gas prices rise, his ratings fall. As gas prices fall, his ratings rise. For some Americans, analysts speculate, gas prices provide a shorthand reading of the general state of the economy. Even though prices […]

Sea levels are rising faster than predicted, warns Antarctic Survey

The global sea level rise caused by climate change, severely threatening many of the world’s coastal and low-lying areas from Bangladesh to East Anglia, is proceeding faster than UN scientists predicted only five years ago, Professor Chris Rapley, director of the British Antarctic Survey, said yesterday. Climate change is causing sea levels to rise around […]

Saudi wary of

OPEC kingpin Saudi Arabia has expressed concern that oil could become a victim of khaleejtimes

Global oil cos’ spending soars but production, reserves growth lag

Global energy companies boosted their investments in the upstream business by 31 pct in 2005, but only to achieve a marginal growth in oil and gas production and reserves. Global spending on exploration and production grew by 66 bln usd to 277 bln usd in 2005 as industry giants like Exxon Mobil Corp, BP PLC […]

The Peak Oil Crisis: A Report to the Senate

Last fall Australia fcnp

Iraq-Kurdistan Oil Minister in Talks with Oil Majors

The Kurdistan Regional Government in the north of Iraq is to sign oil contracts with companies next month, and is in talks with oil majors, its oil minister said Wednesday. Ashti Hawrami, the KRG’s minister of natural resources, told reporters on the sidelines of a London briefing on the region’s oil sector: “We have been […]

Water is not just another commodity

They can have our gas, our oil, even our prescription drugs, but Canadians need to draw the line at selling water to the U.S. thestar

Termites Could Eat into Oil’s Bottom Line

In order to make the economic production of cellulosic ethanol viable and cost-effective, the discovery of new enzymes must be found in order to convert agricultural biomass to clean burning fuel. Surprisingly, one rich source of these enzymes has been found in the digestive tracts of termites. enewableenergyaccess

China’s CNPC discovers oil, gas in Kazakhstan block

China National Petroleum Corp, the parent of Hong Kong-listed PetroChina Co Ltd (HK 0857), said it has discovered oil and gas in the Nanzha block in Kazakhstan with expected oil reserves of tens of millions of tons. forbes

OPEC May Link Oil Price Target to Production Costs

The Organization of Petroleum Exporting Countries may link a new price target for oil to the rising cost of producing crude in its member states, said Mohammed Barkindo, OPEC’s acting secretary general. “We are looking at the current price regime within the context of our rising costs,” Barkindo told reporters at a conference in Riyadh, […]

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