Oil Prices Impact Negatively On Zimbabwe

International oil prices soared in 2006, reaching an all-time high of US$78,36 per barrel in August impacting negatively on non-oil-producing countries such as Zimbabwe. Fuel prices in Zimbabwe were very volatile this year with fuel dealers charging prices well above the Government-stipulated prices. For the greater part of the year the country was caught in […]

Incentives pushed deep-water drilling

Government incentives played a key role in spurring companies to drill for oil and natural gas in the Gulf of Mexico that might have otherwise been too costly to explore, according to a report prepared for the Interior Department and just made public by the agency. Houston Chronicle

EU to tackle aircraft emissions

Europe’s airlines are expected to have limits set on the amount of greenhouse gases which they can emit. The EU’s environment commissioner is to propose including airlines in the Emissions Trading Scheme (ETS), which aims to tackle climate change. At first the plan would include flights within the EU, expanding to include flights in and […]

Report backs fuel cell ships

A new report has suggested that there are no major obstacles in the way of developing ships which can be run on hydrogen. The EU-funded New H Ship project has stated that hydrogen could become a viable solution for the shipping industry, with fuel cells one way of powering a new fleet of emission-free ships. […]

The Cultural Economist’s Report on Oil Depletion

Of all the issues we confront in the 21st Century, resource depletion promises to have the greatest impact on our economic and cultural destiny. And of our dwindling resources, none will have a greater impact on our future than the decline of oil and natural gas production. globalpublicmedia

Rosneft to boost oil production 8% y-o-y in 2006

Russia’s state-run oil company Rosneft will produce 8% more oil by the end of the year than in 2005, the company president said Tuesday. RIA Novosti

Army Engineers Work to Improve Iraq’s Oil Export

The regime change in Iraq has opened many new opportunities and important development projects in the southern oil fields of Iraq. The U.S. Army Corps of Engineers (USACE) is working on various projects to ramp up oil production for the new democratic country and help improve Iraq’s economy. yahoo

The Economy’s Rebalancing Act

Consider it a good omen. In October the U.S. trade deficit dropped unexpectedly to $58.9 billion, about $5.4 billion less than in September. Although the largest cause was lower oil prices, strong American exports — up 14 percent from a year earlier — also contributed significantly. And that’s exactly what the economy needs in 2007: […]

Climate Experts Search For Answers In The Oceans

By absorbing half of the carbon dioxide emitted into the atmosphere, the oceans have a profound influence on climate. However, their ability to take up this carbon dioxide might be impaired as a result of climate change. To determine their response to global warming, ESA has backed two projects that provide systematic data on key […]

New Zealand’s response to Peak Oil

The Transport and Oil Working Group of the New Zealand Sustainable Energy Forum has just released Peak Oil: A Major Issue for New Zealand [PDF, 60 KB], which is designed as a quick guide for the public and the media on what the Peak Oil issue is about, how it affects New Zealand, and how […]

Helping America Take the Lead

On December 14, 2006, the Sierra Club hosted a day-long forum about solutions to climate change, in the Club’s San Francisco offices and in the neighboring Commonwealth Club. The video clips below come from a day-long forum conducted by Sierra magazine. For more about the day’s discussion, vist our blogs: Compass and Scrapbook. sierraclub

The Oil Drum: The Auto Efficiency Wedge

In this piece, I wanted to take up a more precise consideration of how much auto efficiency improvements might contribute to solving what I called the terrible trio of energy dependence on unstable regimes, global warming, and the peaking or plateauing of liquid fuel supply. My examples are all US, but I think the lessons […]

Nigeria: Fuel Scarcity Hits Port Harcourt

Long queues of vehicles waiting to get fuel in filling stations have resurfaced leading to harassment of motorists by street urchins who seize gallons from people and smash wind screens in the metropolis. The long queue became noticeable Sunday evening and by yesterday it assumed an alarming proportion as queues started stretching into miles and […]

OPEC says peak oil (and $100 oil) is near

In the most recent edition of the OPEC Bulletin, recently put online on the OPEC webline and which can be read here (120 page pdf – relevant bit on p.60), OPEC – via a senior member, i.e. Dr Shokri Ghanem, Chairman of the People Joe has posted the relevant excerpts for those who don’t want […]

Not So Wonderful

by James Kunstler It’s a Wonderful Life, Frank Capra’s 1946 Christmas card to America, is full of strange and bitter lessons about who we were and who we have become. It also illustrates the perversity of history — the fact that things sometimes end up the opposite of the way we expect. The movie concerns […]

Misguided assault on autos won’t solve energy crisis

Another “blue-ribbon” panel of experts has met to try and find solutions to America’s reliance on foreign oil, and, as usual, the auto industry is both the problem and the answer. Blaming the auto industry for all things related to global climate change is the thing to do these days, but it’s misguided, especially when […]

Texas faces energy crunch

Some Texas business leaders are projecting a shortfall in the state’s energy supply as early as 2008 unless Texas invests in new generation capacity to support record population growth. A report by the Texas Association of Business (TAB) calls for state leaders to adopt a balanced energy plan that relies upon coal to keep up […]

Wood Boilers Cut Heating Bills. The Rub? Secondhand Smoke.

Their owners proudly proclaim that they reduce dependence on foreign oil They have spawned a rash of lawsuits and local ordinances across the country. A report last year by the New York attorney general

China looking to expand non-grain biofuels

BEIJING (AFP) – China has launched a series of pilot programs for farmers to plant non-grain crops as raw materials for biofuels, state media has reported, citing a senior government official. Sorghum, cassava and other biofuel crops will be planted on lands that are unfit for grain production, the China Daily quoted Yang Jian, a […]

Russia may be thankful to OPEC

…The crucial thing for Russia, the bulk of whose revenues come from oil exports, is that oil prices should not fall below $60 per barrel. The Russian budget for 2007 is based on an optimistic forecast for Russian export crude, $61 per barrel. However, its actual price has been no more than $56-$57since autumn, as […]

Two explosions in Nigeria’s Delta

At least two explosions have hit separate oil facilities in Nigeria’s restive Niger Delta region. One blast hit property belonging to the Royal Dutch Shell in Port Harcourt. The other hit the fence of a compound belonging to Italian company Agip. Little damage has been reported, and no-one was hurt. The militant group, Movement for […]

US ‘to park carrier off Iran’

THE US is planning to position an aircraft carrier battle group in the Persian Gulf within months as a warning to Iran, according to reports. CBS News said the Pentagon was deploying “a major buildup of naval forces in and around the Persian Gulf” in response to what the US considers “increasingly provocative acts”. The […]

The coming fight for oil

The 19th Century saw the British Empire and czarist Russia jockey for control of Central Asia in a Great Game of global strategy. Today the game is gathering again, this time between China and the U.S., as China makes its biggest push for influence in this oil-soaked region since the days of the Silk Road. […]

EU heads off carbon rift with airlines

The inclusion of foreign airlines in the European Union’s carbon emission trading scheme is to be delayed to head off a transatlantic showdown. The US and Asian countries reacted angrily to plans to force all airlines that land and take off in the EU to pay to pollute. Washington had served notice it could take […]

India: Promoting renewable energy

To promote use of renewable energy, the Delhi Cabinet on Monday approved a scheme for grant of rebate amounting to Rs. 6,000 on installation of Solar Water Heating System (SWHS) replacing electric geysers at residences.In Delhi, the move assumes significances since the morning peak demand in winter months is mostly due to heating appliances like […]

Japan: Closing the biofuel gap

Japan is lagging behind several other countries in developing liquid biofuels that serve as alternatives for fossil fuels such as oil, coal and natural gas. An increase in demand for oil caused by expanding economic activities worldwide as well as tighter government control of natural resources, as in Russia, are likely to drive up oil […]

OPEC sees weaker oil market next year

OPEC on Monday said the fundamentals of the world oil market show signs of weakening in 2007 as economic growth slows and supply from non-OPEC countries rises faster than global demand. In a monthly report, the group that pumps more than a third of the world’s oil held its forecast for global demand growth at […]

Comrade Climate-change

According to the United States Geological Service, about one-quarter of the world economist

Iran Will Face Sanctions Vote Within Days, U.S. Says

The United Nations Security Council will vote within days on whether to impose sanctions on Iran for refusing to halt its nuclear program, the U.S. government said. “We are hopeful that we can get a vote in the very near future,” State Department spokesman Sean McCormack said yesterday. Nicholas Burns, the U.S. undersecretary of state […]

The Alternative Energy Store Named on the 2006 Inc. 500 List

The Alternative Energy Store has been named one of the United States prweb

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