Rogue Offspring

Oil supplies will stay tight for a simple reason. There are only five countries that matter in the world of oil—Saudi Arabia, Iran, Russia, Iraq and Venezuela. In none of these, with the possible exception of Saudi Arabia, are serious efforts and investments being made to expand the supply of oil. Russian production is growing […]

OPEC sec-gen sees excess 500,000 bpd in oil market

The global oil market is over-supplied by over 500,000 barrels per day (bpd) and OPEC will take appropriate measures to balance it at its Dec. 14 meeting, the cartel’s acting secretary-general said on Saturday. signonsandiego

The Edison of our Age?

Three things set Mr Ovshinsky apart from the hydrogen hypesters. First of all, he is no newcomer. He first outlined his vision for what he calls a financialexpress

Superefficient, Cost-Effective Solar Cell Breaks Conversion Records

The resulting efficiency nearly doubles that of standard silicon solar cells, which hover at 22 percent. That gain requires, however, the use of light-concentrating devices, such as miniature plastic lenses and mirrors. The new solar cell achieved 40.7 percent efficiency under such concentrated light at the testing center at the National Renewable Energy Laboratory in […]

A Great Bubbling

Yet there was some point at which prices would begin to bite. That appears to have been in the $60 to $70 range. And those effects can be seen, along with the housing decline, in the slowing U.S. economy, with implications for all countries that export to it. But the most lasting impact of the […]

Democrats May Give Alternative Energy a New Push

THE fortunes of alternative energy companies have been linked to two factors outside their control: oil prices and politics. Rising oil prices have moved in the companies nytimes

Russia, Energy, and the Decline of the US

Now however, this neo-liberal order is under siege by Russia, China, and other countries in the East. The energy-hungry east is starting to go back to the use of long term contracts between suppliers and user countries. Since delivery of this oil is now committed to those countries it has been removed from the spot […]

Climate Sensitivity to Carbon Dioxide Highlighted by Ancient Event

Global warming 55 million years ago suggests a high climate sensitivity to carbon dioxide, according to research led by Mark Pagani, associate professor of geology and geophysics at Yale and published in the December 8 issue of Science. greencarcongress

Federal help for cellulosic ethanol

Early next year, the U.S. Energy Department plans to announce the winners of some major federal grants to help build the nation’s first cellulose ethanol plants. minnesota

End of the line

It seems every day there’s a conflicting story about the future of fish. Activists tell us they’ll all be gone in 40 years. The fishing industry says the shoals are coming back. guardian

Running on Fumes

How bad is the current energy crisis? Really, really bad, says oil expert Charley Maxwell. After half a century in the oil business, Charles Maxwell is widely referred to as the dean of energy analysts. As a Marshall Scholar at Oxford he specialized in Arabic and Persian language and history before joining Mobil in 1957. […]

Gaddafi: Oil behind Darfur crisis

Muammar Gaddafi has accused the West of trying to grab Sudan’s oil wealth with its plan to send UN troops to Darfur. The Libyan president, a mediator in several African wars, was echoing Sudanese criticisms of the proposed deployment as a Western attempt at colonisation. Gaddafi also urged the Khartoum government to reject the proposal.Kenya […]

Devon trims output forecast on Canada drop

HOUSTON (Reuters) – Independent oil and gas producer Devon Energy Corp. on Friday trimmed its forecast for fourth quarter production by 1 million to 2 million barrels of oil equivalent, hurt by reduced Canadian gas output. The Oklahoma City-based company said it now expected fourth quarter production growth of 7 percent from the year-ago level […]

Iraq oil wealth distribution planned

BAGHDAD, Iraq – Iraqi legislation intended to resolve the politically charged question of distributing the country’s oil wealth is nearing completion, the chairman of a panel drafting the law said Saturday. The distribution of oil revenues, the mainstay of Iraq’s economy, is at the heart of some of Iraq’s most contentious political issues, including the […]

House Rejects Push to Renegotiate Contracts

In a 207-to-205 vote, the U.S. House on Friday rejected a plan aimed at pushing oil and natural gas companies to renegotiate flawed 1998 and 1999 drilling contracts. Due to a clerical error at the Interior Department, the drilling agreements have made way for companies such as Royal Dutch Shell and Chevron Corp. that drill […]

Militants to hold hostages indefinitely

LAGOS, Nigeria – A militant group in Nigeria’s oil-rich delta said Friday it will hold four foreign hostages “indefinitely” to press for the release of two of the region’s jailed leaders and compensation from an oil company for alleged pollution. The three Italian workers and one Lebanese man were taken captive Thursday in a raid […]

Zimbabwe: US$800m Needed for Power Projects

Close to US$800 million is required for power generating expansion projects, setting up of new transmission and distribution systems as well as carrying out a cocktail of maintenance work on existing infrastructure in order for the country’s power sector to meet growing electricity demands.Dr Chidzonga said if no additional power generating plant is added onto […]

Biofuel Skeptic Extraordinaire: An interview with David Pimentel

Any worthy idea can withstand and even be improved by naysayers; scolds and skeptics play the useful role of pointing out obvious flaws. The biofuels industry has no more persistent, articulate, and scathing critic than David Pimentel, professor emeritus of entomology at Cornell University.Grist recently spoke to Pimentel about why he thinks biofuels are an […]

Canadian oilsands seen as global energy bonanza

Despite rising costs, Canada will be the planet’s largest source of new oil supplies by the end of the decade, economists said Friday. Jeff Rubin, chief strategist with CIBC World Markets Inc. in Toronto, said virtually all of the world’s new capacity growth outside of OPEC will come from oilsands development after 2009. Rubin estimated […]

India’s Energy Crunch

India’s gross domestic product (GDP) growth hit 9.2 percent for the period from July through September of this year—an increase over the already robust rate of 8.4 percent during the same period last year. But along with an ascendant economy comes a mounting hunger for energy, and New Delhi fears it cannot sustain growth in […]

Save energy, urges Russia and EU

Russia and the European Union on Friday backed energy efficiency measures to save more than 400 million tonnes of oil equivalent each year by 2020 — similar to adding two more Irans to world oil supply. But the Moscow meeting of Russian Energy Minister Viktor Khristenko, EU Energy Commissioner Andris Piebalgs and Trade Minister Mauri […]

10 percent of Russia’s oil output illegal, minister says

More than 10 percent of Russia’s oil output, nearly 1 million barrels a day, is being produced illegally, the nation’s natural resources minister said Friday.He said that the level of oil extraction at Russian oil fields fell from 45 percent to 30 percent over the past 20 years due to irrational use of resources.Deputy minister […]

Palm oil rallies on concerns about reduced output

Palm oil prices rose Thursday and were expected by analysts to keep climbing next year as an El Nino weather pattern might disrupt supplies as demand grew. Rainfall figures from parts of Indonesia are alarming, and suggest that output in the country, a leading producer of the commodity, may be affected through next year and […]

Opec chief favours further oil supply cut

Opec president Edmund Daukoru said on Friday he would back a further oil output cut to remove oversupply from world markets when the group meets next week and that price levels of around $63 a barrel were too low. Opec meets on Thursday in Nigeria to decide whether to cut beyond a 1.2 million barrels […]

Carbon emissions up one-quarter since 1990

Global carbon emissions rose nearly 3 percent in 2005, up more than a quarter from 1990 levels despite many governments’ pledges of cuts to fight global warming, a scientist who provides data for the U.S. Department of Energy said. “The rate of acceleration is quite phenomenal,” said Gregg Marland, senior staff scientist at the U.S. […]

‘Hydropower contributes to global warming’

Hydropower has always been considered the cleanest forms of power generation, but a study published in Taiwan on Friday showed that hydropower contributes to global warming. According to the study conducted across Southeast Asia by the National Sun Yat-sen University and the National Central University, hydropower causes much more global warming than coal- or oil-fired […]

Market Welcomes Norway Rig Deal Flurry

The flurry of substantial rig agreements penned this week on the Norwegian continental shelf has been welcomed by industry parties as an indication of the good health of the future rig market and oil and gas exploration plans. rigzone

Forecasting Future World Energy Sources and Emissions

While wind power, tidal and solar energy are the best and fastest growing energy sectors, worldwide transitions away from outdarted, polluting forms of energy can be slow. Here is a report that looks at likely scenarios. progress

Russia: How Long Can The Fun Last?

Among foreign investors, too, Russia has never been more popular, as the stock market is up tenfold under Putin. And some $17 billion in foreign direct investment has come in this year, roughly 75% of it in sectors other than oil and gas businessweek

UPDATE: US House Approves $45 Billion Tax, Energy Bill

The U.S. House on Friday easily passed a $45.1 billion tax bill that would renew expired tax benefits such as the corporate research tax credit and also includes energy measures such as allowing offshore oil drilling near Florida. nasdaq

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