Time for factor 5000 – Seymour Hersh says Iran is glass

Canadian Oil Sands Production Update

This is the first version of a monthly post about the last production numbers from Canadian oil sands (also called Tar sands).Much more after the jump to The Oil Drum.

The Headline that Did Not Happen and the One that Did

In a world of no excess capacity in oil production and with a true equilibrium between supply and demand, headlines have had the day. Volatility should be expected in a margin business where one half of one percent of over or under supply, real or speculated, has caused even in more The United Nations deadline […]

Nigerian villagers vacate two of four oil stations

PORT HARCOURT, Nigeria (Reuters) – Villagers in Nigeria’s southern Rivers state have vacated two of four oil pumping stations they were occupying in a dispute with oil companies, a local community leader said on Monday. In a separate incident, a source at Italian oil firm Agip, owned by oil and gas group Eni said community […]

Climate research center’s oversight up for bidding

Denver Foundation officials say that a formal request for bids is imminent and that the competition will be open to all organizations

China Makes Friends in the Gulf

Quietly adroit diplomatic moves shore up China Yet its late arrival in the Gulf, especially given the United States’ entrenched presence and unparalleled military power, will prevent China from emerging as a definitive player for the time being. Instead, it will have to be content for the time being as a secondary power such as […]

E3 BioFuels to Launch First Closed-Loop Ethanol Plant in Mead, Nebraska

MEAD, Neb., Oct. 30 /PRNewswire/ — Dennis Langley, Chairman and CEO of E3 BioFuels, announces the Genesis plant will begin production in December 2006 at Mead, Nebraska, as the first-ever closed-loop system for distilling commercial quantities of ethanol using methane gas recaptured from cow manure, instead of fossil fuels. This virtually eliminates the need for […]

Wind power’s payoff in Denmark

It’s a global leader in the technology, and turbines are a common sight, but criticism and challenges persist NYSTED, Denmark – Well beyond the entrance to the harbor in this remote village on the southeastern shores of Denmark, the array of wind turbines looms like a band of synchronized swimmers, giant arms spinning soundlessly as […]

More-Reliable Power Grids

The power grid is, for the most part, built on antiquated technology. To try to make a better grid, researchers at the University at Buffalo (UB), in New York, are investigating ways to retrofit the present-day infrastructure with some new technology and communication systems. They suspect that the recent advances in nano-sensor technology and wireless […]

Sceptics scorn climate report prediction of global chaos

Even before the government’s comprehensive report on the global economic impact of climate change is published later today, rightwing commentators and bloggers on both sides of the Atlantic have already begun rubbishing its contents. The Stern review, which was commissioned by the Treasury and carried out by the former World Bank chief economist Sir Nicholas […]

U.S. Official Criticizes Russia-Germany Gas Pipeline

Germany Relations between Russia and the United States are at one of their lowest ebbs since the Cold War, partly because of the U.S. support for the

Airlines fear brunt of penalties

SIR RICHARD BRANSON is calling a meeting of leaders of the aviation industry today amid fears that airlines could become the While nearly every other industry, from power generation to automobiles will cut its share of CO2 emissions by 2050, aviation is growing too rapidly to achieve this. The industry hopes that by making its […]

US biofuel subsidies questioned

Policies to support biofuels in the United States are costly and do not help much towards alleviating dependency on imported petroleum or reducing greenhouse-gas emissions, a think-tank warns.It suggests that political support for biofuels has stemmed from a combination of “powerful interests,” including those of “agriculture, the national security community, and a significant proportion of […]

Egypt turns to Russia, China over nuclear energy

Following a 20-year freeze, Egypt has turned to China and Russia for help in relaunching its civil nuclear program, a move that risks ruffling the feathers of its American ally, analysts say. During the first week of November, Egyptian President Hosni Mubarak is due to visit Moscow and Beijing, where the nuclear issue is expected […]

Gas-Hungry Europe Looks North to Norway

Faced with rising demand for energy and keen to reduce their dependency on Russian gas supplies, European countries are eyeing Norway’s natural gas, available to the continent through a burgeoning web of pipelines. In the past six years, Norway has practically doubled its annual gas exports to 90 billion cubic meters (3,178.3 billion cubic feet), […]

Exxon Mobil chief keeps hunting for more oil, lower costs and higher profits

Rex Tillerson used his four-year tenure managing drilling at Exxon Mobil Corp. to hunt for oil in remote environs such as Madagascar and Chad. Tillerson sought out the biggest untapped fields and adopted faster drilling techniques to keep equipment expenses down. Now, in his first full year as chief executive officer, that strategy has paid […]

SK: Experts Paint Gloomy Economic Picture for 2007

Economists paint a gloomy picture of the Korean economy in 2007. The Hyundai Research Institute said higher oil prices will put a bigger burden in the Korean economy, citing an increase in oil demand among the BRIC states — Brazil, Russia, India and China– political instability in the Middle East and an oil supply reduction […]

Clinton Shills For Bad Energy Policy

“With Proposition 87, we can switch to cleaner fuels, wind and solar power,” Clinton says in a political ad, “and free ourselves from foreign oil. If Brazil can do it, so can California.” But as a matter of fact, that’s not what Brazil did. It launched a crash program of offshore oil drilling in the […]

Biodiesel fuelling growth in process engineering

After a decade of fierce competition and grim times, chemical engineers in Malaysia’s edible oil industry are smiling again. This is because the current biodiesel investment frenzy is fuelling growth into their long saturated industry.Business Times

OPEC may seek new step if oil stocks rise: Iran

A senior Iranian oil official said on Sunday OPEC would need to consider a new step if a recently agreed production cut did not stem the rise in world crude stocks, according to the Oil Ministry’s official Web site. Javad Yarjani, head of OPEC affairs at the Oil Ministry, was also quoted as saying that […]

China may take action on N Korea

China will determine North Korea’s fate — and it may act sooner and in a more forceful fashion than anyone outside Beijing would even remotely consider as being possible today. taipeitimes

Part 3: Don’t Let the Big Oil Money Confuse You on Prop 87

As Tom Freidman put it in the New York Times: “Here’s the basic story: This Nov. 7, Californians will be asked to vote yes or no on Proposition 87, a ballot initiative that would impose a higher extraction fee on oil pumped in California. (Up to now, oil companies in California have paid a very […]

Budgets falling in race to fight global warming

Hold the applause. For all the enthusiasm about alternatives to coal and oil, the challenge of limiting emissions of carbon dioxide, which traps heat, will be immense in a world likely to add 2.5 billion people by midcentury, a host of other experts say. Moreover, most of those people will live in countries like China […]

The Oil Crisis Started 30 Years Ago

It is customary to look for the critical year of oil production in absolute terms, but in the year 1970 or thereabouts there was another important “conjunction,” to use an astrological metaphor. Global production will peak at some point in the early 21st century; it may have already done so, although the mendacious accounts of […]

It makes good business sense to cut emissions.

That type of thinking is fast becoming a thing of the past. Next week, Sir Nicholas Stern, a former World Bank economist, is due to publish a Governmentcommissioned report on the economic costs of climate change. One of his themes will be that global warming must in future be a key part not just of […]

Opec action considered key to oil outlook

Opec’s actions and price aspirations will be key to the price outlook for crude oil, says the latest report from Standard Chartered Bank. It said that supplies are improving and demand growth has eased although it is still firm. “We expect global growth to slow a little in 2007, led by the US where we […]

Big human footprint crushing fragile Earth

According to the World Wildlife Fund’s 2006 Living Planet Report, people are now turning resources into waste at a pace 25 per cent faster than the Earth can turn waste back into resources. Underscoring the threat posed by our growing footprint, the World Wildlife Fund says that by 2050 we would need two Earths to […]

Iran, Qatar Raise Natural Gas Output, Producing More Condensate

Iran, Qatar and Australia are increasing production of natural gas, raising supply of condensate, a by-product valued because of its suitability as a raw material to be processed into fuels. Supply of condensate may climb 7.2 percent a year until 2010, U.K.-based consultant Poten & Partners said. Growth in the global economy is leading to […]

How much wind power is too much?

Wind power has become a key part of Canada’s energy mix, with the number of installed wind turbines growing exponentially in recent months. But the fact the wind doesn’t blow all the time is creating a potential roadblock that could stall growth in the industry. globeinvestor

Persian Gulf War Games to Stop Nuclear Smuggling

WASHINGTON: The United States will lead international naval manoeuvres in the Gulf off Iran’s west coast next week aimed at fighting weapons proliferation, a US State Department official said Friday. The announcement came in the context of tensions over Iran’s nuclear programme and reports of possible terror threats against oil installations in the Gulf. The […]

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