Peak Oil is You

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News from December 2006

Russia, Belarus sign gas deal

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MOSCOW (Reuters) – Russia and Belarus announced a last-minute deal on gas prices on Monday, moments before Moscow was to start cutting off supplies with potential disruption for customers in Europe. Belarus Prime Minister Sergei Sidorsky arrived at Russian gas monopoly Gazprom’s Moscow headquarters barely 30 minutes before Sunday’s midnight deadline to sign the deal. […]

The Top Energy Stories of 2006 (and Happy New Year!) from The Oil Drum

Here’s our Top 50 (ranked by number of comments) posts for the year… Much more after the jump to The Oil Drum.

Production Means Investment

MCLEAN, Va. (EnergyStrategist.com) — Here’s a New Year’s challenge for you: Name the top three largest oil-producing countries in the world. If you’re like most investors, you probably know that the world’s largest oil producer is Saudi Arabia. In 2005, Saudi Arabia churned out more than 11 million barrels of oil per day, roughly 13.5 […]

Dan Lienert On The Automotive Industry

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The Big Trend One thing will most color 2007: energy. Concerns about energy will affect sales of large trucks and SUVs–Detroit The Unconventional Wisdom Hybrids, diesels and ethanol-powered cars are not solutions to America

How to claim the energy battleground

The Democrats have lots of good ideas on energy and climate change – and lots of good people pushing them. We all now about Jerry McNerney’s big upset against Pombo. Harry Reid has put up a website called Energy Independence 2020. Most recently, Bill Richardson signed an executive order to cut greenhouse gas emissions in […]

Building the future

Chicago architects envision what the city will look like 100 years from now Giant windmills, floating skyscrapers and an “elevator to space” in Lake Michigan. An automated 64-lane superhighway in the center of Chicago. Navy Pier reinvented as a year-round farmer’s market. A system of underground tunnels through which people travel throughout the city and […]

World Bank: Dominican energy crisis due to mismanagement

Santo Domingo.- The prolonged energy crisis affecting the Dominican Republic and ineffective measures assumed to remedy the problem generated a vicious cycle of periodic blackouts, high operational costs burdening energy distributors and causing huge losses due in part by theft through illegal connections. This was affirmed by the World Bank in its latest report on […]

Exporting segregation: An ugly side of the oil business exposed

… From the beginning, ARAMCO’s camps in Dhahran were set up according to a strict hierarchy of racial divisions. Ostensibly based on skill levels, this system allocated the best housing and amenities to Americans — of all ranks — while European and South Asian workers had to make do with significantly less, and Saudi workers […]

The top ten green stories of 2006

10. A Stern reminder In October, venerable economist and senior U.K. government adviser Sir Nicholas Stern released a major report on global warming. Its claims were explosive. On the grim side, global warming stands to shave up to 20 percent off the world’s annual GDP by the end of the century. On the bright side, […]

Jeff Schultz pulls plug on excess

“You don’t have to have a lot of stuff to have a happy and enjoyable life.” That’s a new outlook for Jeff Schultz, 26, a computer consultant for FedEx who works from his home in Jeffersontown. “At one point I was going to lease a BMW to try to meet women,” he confessed. Now Schultz […]

CITIC buys oil company stake for $1.91B

BEIJING – China, which is aggressively seeking overseas energy assets to fuel its booming economy, said Sunday that one of its biggest conglomerates has bought the Kazakhstan oil assets of a Canadian company for $1.91 billion. China’s CITIC Group bought the oil assets of Canada’s Nations Energy Company Ltd. and granted KazMunaiGas, Kazakhstan’s state-owned oil […]

Power gridlock

…Electricity is increasingly the fuel of choice for the nation’s economy in general and is the main driver of the information technology sector in particular. It has been estimated that electric-powered information technology accounts for 60 percent of new capital spending. Standing alone, the five leading Internet search engines will consume 5 gigawatts of electricity […]

China chokes on a coal-fired boom

Toxic cloud of progress can be seen from space …Its consequences have been detected half a world away in toxic clouds so big that they can seen from space, drifting across the Pacific to California laden with microscopic particles of chemicals that cause cancer and diseases of the heart and lung. Nonetheless, the Chinese plan […]

Strategic Thinking and Strategic Planning

by Byron King Looking forward, what is the strategy for a Peak Oil world, if not for a post-Peak Oil world? Strategic thinking can look forward and identify a profound problem, as worldwide production of fossil fuels such as oil and natural gas hits a peak, bumps along a plateau and then commences an irreversible […]

Expansion: Energy Industry in 2006

Strong crude oil and natural gas prices flowed through the Permian Basin’s oil fields in 2006 as almost $20 billion from the production of crude oil and natural gas — as of October — funded significantly higher drilling activity and oil and gas well completions. “It’s been a good year, it’s been a good couple […]

Fossil Fuel Watch – Meet My Solar Dryer

A year ago my wife was firmly in charge the household laundry. Now, not only am I washing and drying all our clothes, including the sheets, towels, and pillow cases, I find myself looking forward to doing it. What is going on here? A divorce? Wrong answer. Anyway, that would only explain the shift in […]

Energy czar rethinks rural Alaska’s future from home to generator

DILLINGHAM, Alaska (AP) – In the home of Nels Anderson Jr., an inspection of the light fixtures won’t turn up any of those technological dinosaurs known as incandescent light bulbs. Anderson has replaced them with the newer, efficient, compact fluorescent bulbs increasingly common in light sockets. “We’ve got them every place in the house,” Anderson […]

Taking Hubbert Home

We’ve added a new presentation titled “Taking Hubbert Home: Moving to Regional Energy Models” (ppt, pdf). In this slideshow we start to wrestle with some of the factors that separate one region’s energy future from another’s. We also introduce our Road Map to the Dynamic City as a framework in which we can nest discussions about depletion and regional energy planning.

Dynamic Cities Project

Infrastructure is real issue affecting oil prices

IN JUST two months this fall, the price of crude oil plummeted from its peak of $77 US per barrel to just $57. Crude has recently rebounded to the $62 range. Were speculators who predicted $100 per barrel oil off track? The world is awash in crude oil and OPEC is cutting back production. So […]

Bush signs new U.S. pipeline safety legislation

NEW YORK (Reuters) – U.S. President George W. Bush signed into law Friday legislation aimed at preventing the kind of runaway corrosion that plagued low pressure pipelines at the huge Prudhoe Bay oil field in Alaska, which had been exempt from federal oversight. The Pipeline Inspection, Protection, Enforcement and Safety Act of 2006 extends the […]

Razing Farms for Factory Creates Battleground in India

CALCUTTA How the land was acquired is a matter of red-hot contention, igniting crippling demonstrations, hunger strikes and occasional violent conflicts. The government says most of the landowners consented, but opponents charge coercion. Land is one of India

Dreaming of a Wet Christmas

The Weather Makers by Tim Flannery …Flannery, by contrast, ignores peak oil but delves deeply, fluently, even lovingly, into the beautiful complexity of climate science, teasing out the various patterns and cycles that shape climate and explaining how they intersect over time. One of his conclusions is that we are today in an anthropocene period, […]

Senegal Urges Angola to Contribute to Poverty Reduction in Africa

The Angolan authorities and people have been invited, through an appeal made by the Senegalese Head of State, Abdoulaye Wade, to sponsor a plan aimed at securing electricity supply to the whole continent, at reasonable cost. This comes on a document recently issued by the Senegalese statesman, in his capacity as a founder of “Green […]

Seoul to double foreign energy investment in ‘07

Korea said on Friday it will invest 355 billion won ($381.9 million) in 2007 to secure foreign energy reserves, more than doubling the amount from this year as part of its push to cut dependency on overseas production. The amount is up 115 percent from this year’s 165 billion won investment, a statement by the […]

Belarus leader defiant ahead of gas talks

Alexander Lukashenko, the authoritarian Belarus leader, was on Friday defiant in the face of Russian threats to cut gas supplies to his country, just as his officials arrived in Moscow for last-minute talks aimed at resolving the dispute.However, a spokesman for Gazprom said he was not feeling optimistic about a possible breakthrough in the dispute […]

Bio-fuel project nominated for energy prize

A Vietnamese programme that creates fuel from organic sources, like cow manure, has been recommended for a prestigious international environmental prize. Biogas for Viet Nam, a project designed to reduce the country’s reliance on fossil fuels by harnessing fumes from rotting garbage, is in contention for a 2006 Global Energy Prize. The awards, which attracted […]

Explosion In Nuclear Energy Demand Coming

Summary: Sprott Asset Management uranium expert Kevin Bambrough talked with us about the “second leg” of the current uranium bull market. He sees a massive nuclear build up heading our way with “the environmentalists leading the charge.” He said many price projections may be inaccurate because “people are underestimating future demand.” StockInterview: Price forecasts on […]

Australian PM out of step with public opinion on atomic power

Australia: Supporters of Prime Minister John Howard’s policy that Australia should introduce nuclear power are outnumbered by opponents, an opinion poll revealed Saturday. Howard on Friday urged state leaders to lift bans on expanding Australia’s uranium industry and said the country needs to introduce nuclear power to meet its future energy needs.International Herald Tribune

‘Southeast Asia rains to disrupt palm oil production’

Heavy rains and localised flooding in Indonesia, the world’s second-largest palm oil producer, may curb output even as demand for the commodity rises, the Indonesian Palm Oil Producers Association said on Friday. Output may fall below 1 million tonne a month in November and this month as the floods exacerbate an expected, seasonal dip in […]

Analysis: U.S. nuke energy expands in 2007

The U.S. nuclear power industry ends 2006 optimistic as what has been dubbed a nuclear renaissance is on the horizon and applications for the first new nuclear plants in more than two decades are expected to be filed in 2007. But the head of the U.S. Nuclear Regulatory Commission is warning stagnant funding from Congress […]

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