The Oil Drum: LNG To The Rescue?

As even a casual reading of the story The North American Red Queen: Our Natural Gas Treadmill indicates, the importance of future Liquified Natural Gas (LNG) imports to North America can hardly be overstated. This story will discuss the emergence of a globalized LNG market and the ability of that market to supply the high […]

Financial Sense Newshour

On November 25, Matthew Simmons was a guest on Jim Puplava’s show, Financial Sense Newshour, to critique the CERA report. Dave Cohen, of The Oil Drum, was a guest during the fourth hour. Audio can be downloaded from the FSN Web site, in MP3, RealMedia, WinAmp, and Windows Media format. Financial Sense Newshour

Interview with Richard Heinberg – Part One

While Richard Heinberg was at Schumacher College teaching part of the Life After Oil course I was lucky to be able to take 40 minutes of his time to do an interview with him. We explored various aspects of the peak oil challenge before moving on to explore solutions, in particular community-initiated responses, such as […]

Sinopec-Saudi refinery deal to boost Aramco foothold in China

BEIJING (XFN-ASIA) – China Petroleum & Chemical Corp (Sinopec) is expected to sell a 25 pct stake in an east China refinery to Saudi Aramco in a deal that analysts said will give the Saudi company a major boost in China’s fast growing market. They also said the tie-up with Aramco at a refinery under […]

Concerns arise as Oman oil futures gain viability

SINGAPORE: Oil industry enthusiasm over Oman But Oman

Iraq declares war on petroleum smuggling

BAGHDAD, Iraq – Smugglers were loading gasoline on a ship at an illegal port in southern Iraq when police surprised them with a raid that ended with five smugglers and two policemen dead. The October clash at Abu Flus was one of many attempts by security forces trying to stop smuggling of Iraqi petroleum products […]

Now is the time to think local first

One of the benefits of working in a bookstore is that I get to read books long before they are published. I am currently reading Bill McKibben’s new book, (due out in March) “Deep Economy.” As usual, Bill has written a compelling book As a way of preserving the character and prosperity of Vermont’s economy, […]

The Willy Sutton Theory of Oil Pricing

Expanding on Willy Sutton, America’s notorious bank bandito’s famed dictum, “that’s where the money is” today’s oil industry rationale for the pricing of oil could be capsulated by, “that’s where the money is, but hey, don’t worry, the system is still working”! Just this past week, one of Organization of Petroleum Exporting Countries’ (OPEC -producers […]

Venezuelan Oil Stats War

[ Petroleos de Venezuela SA says the IEA is publishing erroneous Venezuela oil production figures. Is the IEA so politicised that it might misrepresent numbers to add weight to the argument that the Chavez government is mismanaging their oil fields, thereby increasing international pressure against the regime? The IEA denies this. So does it seem […]

New Saudi alignment with China could challenge US

RIYADH – When Haytham Zamzami began studying Chinese, the rising superpower had only just begun to register on the horizon for Saudi Arabia. Eight years later China is all the rage. China

Pickens Predicts Record 2007 Oil Price

Oil stocks are signaling that crude prices may rebound to a record in 2007. Benchmark U.S. crude oil is likely to average $70 a barrel next year, according to Dallas hedge fund manager Boone Pickens. Economist Ed Morse at Lehman Brothers Inc., the fourth-largest U.S. securities firm, predicts $72. Either would top the average price […]

NATO eyes greater role in energy security

RIGA (Reuters) – NATO leaders will study at a summit starting on Tuesday whether the alliance should take more action to avert potential threats to energy supplies, for example by mounting patrols of key shipping lanes. The talks in the Latvian capital Riga, the first NATO summit on former Soviet soil, come amid Western concerns […]

U.S. Opposes Long-Term Gas Deliveries from Iran to Georgia

U.S. Ambassador to Georgia John Tefft announced that his country is opposed to a long term strategic cooperation between Georgia and Iran regarding natural gas deliveries. In an interview, which was published on Monday, Nov. 27, by Tbilisi newspaper Kviris palitra, the diplomat said that Georgian authorities incorrectly interpreted the statement of Deputy U.S. Secretary […]

Focus on Photosynthesis

The scientists have determined the structure of the complex in photosystem II, in which water is split with the energy of sunlight. This creates, in addition to molecular oxygen, protons and electrons which in principle can be combined to create hydrogen. If it were possible to copy this process, an inexhaustible source of carbon dioxide-free […]

Lighting the key to energy saving

A global switch to efficient lighting systems would trim the world’s electricity bill by nearly one-tenth. For the individual, the most obvious switch to make is from incandescent bulbs to compact fluorescent systems (CFLs), marketed in many countries as “energy-saving bulbs”. BBC

How mirrors can light up the world

Two German scientists, Dr Gerhard Knies and Dr Franz Trieb, calculate that covering just 0.5% of the world’s hot deserts with a technology called concentrated solar power (CSP) would provide the world’s entire electricity needs, with the technology also providing desalinated water to desert regions as a valuable byproduct, as well as air conditioning for […]

Making renewable energy a reality

Renewable energy saves money: Xcel Energy reported that wind energy saved consumers $9.75 million in 2005 alone. By the end of 2007, Xcel expects to more than triple its wind energy capacity. This means the long-term cost stability of wind energy will continue to pay more and more benefits to consumers. Renewable energy enhances utility […]

Clean Coal Power Plant Planned For 2011 In Norway

An international group of companies launched a plan on Monday to build a novel coal-fired power plant in Norway by 2011 that would curb global warming by capturing 95 percent of all greenhouse gases emitted. planetark

Hydrogen to boost CNG vehicles from 2007

Delhi, the ‘CNG capital of India’, will see the launch of the next-generation, zero-emission hydrogen fuel early next year. The process will start by blending hydrogen with CNG to reduce nitrogen oxide and particulate-matter emission from vehicles by about half. “Hydrogen is the cleanest among all available fuels, including bio-fuels. Its burning emits no carbon […]

GM set to detail shift to fuel-saving technology

Stung by criticism that it conspired to kill the electric car, General Motors Corp. (NYSE:GM – news) is preparing to detail its commitment to new fuel-saving technologies, including new electric vehicles, according to people familiar with the automaker’s plans. yahoo

Alternative energy powers up new jobs

“What we need are policies that advance the climate for investment in these products,” says Marco Trbovich, communications director for the United Steelworkers of America. The ethanol sector has been adding jobs, too. In August, U.S. refineries produced 27 percent more ethanol than a year earlier, and 48 distilleries are under construction. Meanwhile, the solar […]

PEMEX CEO Sees Cantarell Field Declining 14% Per Year

In testimony before the Energy Committee of the Mexican Senate, PEMEX CEO Luis Ramirez Corzo said that production at the giant Cantarell offshore field will decline by an average of 14% per year between 2007 and 2015. The Cantarell complex currently produces about 1.8 million barrels of oil per day (bpd) greencarcongress

Energy Companies Ready to Deal with Climate Change

Top executives at many of the US greencarcongress

Caspian oil field to produce 25% more

Kazakhstan The Financial Times has learnt that peak production of the Kashagan field in the Caspian Sea, due at the end of the next decade, is expected to be 1.5m barrels a day, 25 per cent higher than published estimates. The field, operated by Eni, Italy

The Oil Drum: The architecture of UK offshore oil production

In the wake of last week’s $1000 attempted debunking of the peak oil hypothesis by CERA, I felt it was time to examine CERA’s powers of prediction in relation to real world, deterministic data. This article is going to be in two parts. This week I am going to look in detail at the architecture […]

Ethanol boom has its downside

Whenever the subject of Nebraska

Friendly Fire

Most of those advocating the new energy technologies are not suggesting any reduction in overall energy consumption. THERE IS A critical issue in the energy debate which has not received the attention it deserves: the problem of The first time I saw the term

How to Prepare for Peak Oil and Climate Change

Declining energy availability and changes to global climate patterns are now starting to be felt around the world. Preventing the effects of these two trends and a host of related challenges is no longer entirely possible: your approach to sustainability must now include preparations for life in a fundamentally different world. The good news is […]

Power Companies Order Up Texas Toast

Texas toast is that super-sized slab of unwholesome white bread that you get with your eggs and bacon at diners in Texas and other red states. Texas toast is also a good name for what power generators want to do in the Lone Star State as they order up a giant helping of new, dirty […]

Admiral Rickover: The future of fossil fuels

Reader Dennis Brumm writes: A friend of mine in Pennsylvania sent me a care package yesterday (from the era when newspapers still considered Americans literate), and in it he put a copy of an article he stumbled upon in a 1957 issue of The Christian Science Monitor. Amazing stuff below: The Future of Fossil Fuels: […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy