ASPO Newsletter – December 2006

771. Regional Assessment – NORTH AMERICA 772. The BBC covers gas depletion 773. Climate Change and Oil Depletion 774. The IEA confesses. 775. More assertions from CERA 776. The Meaning of Reserves 777. Impact of the Oil Depletion Protocol 778. National Petroleum Council of the USA 779. Oil Price 780. ASPO 6: 6th Annual International […]

On the Road Again

How the world got addicted to oil, and where biofuels will take us They may be hyped as the way of the future, but biofuels already count as a juggernaut. Supported by the government and embraced by the Big Three automakers, ethanol is surging in the United States. Biodiesel, meanwhile, is roaring ahead in Europe […]

Albania finds power in global market

The Albanian power corporation said Tuesday it had reached agreement with three international companies to secure electricity supply for three months. In the meantime, it has instituted power cuts as supply from local hydropower has been reduced because of a lack of rain. Power was out in the capital for hours Monday, although The Albanian […]

African solar farms to solve energy crisis?

It appears the UK government is not the only one busy commissioning reports on combating climate change, the German government has now got in on the act with two major new study’s on the viability of a leftfield plan that could deliver clean energy to the whole of Europe within the next forty years. The […]

OPEC chief estimates oil oversupply at one million bpd

ABU DHABI (AFP) – OPEC president and Nigerian Oil Minister Edmund Daukoru said there was an oversupply of oil of some one million barrels daily on world markets, the official Emirati WAM news agency reported. Daukoru, speaking on the sidelines of a gas conference in Abu Dhabi, “estimated the current oversupply on the oil market […]

Is Peak Oil Pessimism a Generation of Men Coming to Realise How Useless They Are

In this post I want to discuss an evolving theory I have which may illuminate some and enrage others. I have come to think that part of the reason behind the Over the last few weeks I have been doing oral history interviews with older people in and around Totnes of their memories of the […]

Good to the Last Drop

Q. Dear Umbra, I have recently been alerted to what many people term “peak oil.” I don’t know how to characterize my feelings regarding this subject. Obsession might be a good term. I feel that I need to prepare. What do you think? Is “peak oil” another Y2K? A. Dearest Michael, Who cares if it’s […]

Sustainability Champion

The reality of our time was captured long ago by H.G. wells The field of education overall suffers from some of the same problems writ large. Bruce Wilshire

Closing the ‘Collapse Gap’: USSR was better prepared for PO than US

Good evening, ladies and gentlemen. I am not an expert or a scholar or an activist. I am more of an eye-witness. I watched the Soviet Union collapse, and I have tried to put my observations into a concise message. I will leave it up to you to decide just how urgent a message it […]

Experts Worry Warmer Earth Will Slash Farm Yields

Urgent action is needed to make sure a warming climate doesn’t slash crop yields, heighten the risk of famine and deepen poverty for the world’s most vulnerable, international experts said on Monday. “Climate change is not just in the future. It’s happening now,” said Cynthia Rosenzweig, a NASA scientist and co-chair of an international panel […]

China moves to secure energy sources

China wants to start direct negotiations with the Opec oil cartel to secure a stable oil supply and an equitable share of the crude market, a top official said yesterday, in comments that underline the Chinese economy’s rapidly growing energy needs. Zhai Jun, China’s assistant minister of foreign affairs, told conference participants in Dubai that […]

Australia’s energy future more costly

Reducing carbon greenhouse gas emissions now will be cheaper for Australia than cleaning up the environmental damage that results from doing nothing, according to a new report. The report, entitled The Heat is On: The Future of Energy in Australia is the final report of the Energy Futures Forum (EFF), a two-year long research project […]

Azerbaijan Threatens to Re-Route Oil Exports to Press Russia Over Gas Price

Azerbaijan may cut the volume of its oil exports to Russia via the Baku-Novorossiysk pipeline due to natural gas price hikes suggested by natural gas monopoly Gazprom, the country’s President Ilham Aliyev said on Sunday, Dec. 3. The oil exports through this link may be cut altogether.MosNews

Angola’s Oil Production to Reach Highest Level in 2011

Angola will attain in 2011 its highest oil production level (two million and 600,000 barrels/year), with discoveries of new fields in deep and ultra-deep waters, according to a prediction of a World Bank report on the country’s economy. In 2020, according to a bar graph, a low production very similar to that of the year […]

Qatar, Japan’s energy white knight

Qatar is expected to emerge as a country that holds the key to Japan’s future energy security as it becomes the country’s biggest supplier of liquefied natural gas (LNG) around 2010.This year Japan adopted a “New National Energy Strategy”. The new strategy reflects growing concerns about energy security in the medium and long terms amid […]

Oil firms say Norway needs more offshore exploration

Norway needs to open up new offshore oil exploration areas and step up the search in existing zones if it is to remain a key oil exporter, a national oil industry association report said Monday. “We have no time to lose,” it said. “Exploration activity must be intensified and its results must be improved.”The Nordic […]

Malaysia calls for sustainable expansion of palm oil plantations

Expansion of palm oil industry — which many hope will provide the fuel of the future — must be sustainable, environmentally-friendly and protect local communities, Malaysia’s deputy prime minister said in a speech Tuesday. Since the 1990s, the area under palm oil cultivation globally has increased by 43 percent, mostly in Malaysia and Indonesia, the […]

Renewable Resources: An Investment Hedge Against Peak Oil

The long-term trend of resource depletion – manifested today in the “peak oil” phenomenon – poses a severe challenge to an investor. Where do you find lasting value in a scenario where rising energy costs impact every industry and business, inflate all currencies, and make location value unpredictable as transport patterns reorganize? resourceinvestor

New Alberta Premier: No Plans to Slow Energy Development

Alberta Premier-Designate Ed Stelmach, the new de facto leader of the province, said Monday that he has no plans to slow down the development of Alberta’s oil and gas resources. rigzone

J-Power Aims to Raise Overseas Profits; Shares Jump

J-Power Aims to Raise Overseas Profits; Shares Jump bloomberg

Oil, gas, production in Russia over 11 months grows

The oil production in Russia over 11 months amounted to 439 million tonnes, which is 9.7 million tonnes more than a year ago, the economic news agency PRIME-TASS reports with reference to the Central Control Department of the fuel and energy complex. itar-tass

Raymond J. Learsy: An Energy Agenda for a Newly Energized Congress (Part III)- C

The current influence of the oil industry on our government, the executive branch, Congress, and friendly court jurisdictions has permitted the oil industry to call the shots on regulation, royalty payments, access to public lands and on. Our government has become so wedded to oil’s purported needs at the expense of the national interest that […]

How to value a grandchild

ONE month after Sir Nicholas Stern published his review of the economics of climate change, his peers have had time to say what they think of his work. And the answer, it seems, is: not a lot. Sir Nicholas, the head of the British government’s economic service, concluded that the potential costs of climate change […]

Switchgrass Research Aims to Create Ethanol to Power Vehicles for $1 Per Gallon

Research to geneticaly modify switchgrass at URI is expected to double crop yields and produce 100% ethanol to power vehicles for less than $1 per gallon. Scientist says corn is a poor choice for biofuels. newswise

Expert: Careful on biofuel subsidies

A recent study states that government subsidies for the ethanol industry need to be more critically evaluated, but ethanol supporters say the billions of dollars government funding has helped the industry grow. The report by Doug Koplow, an energy subsidy analyst from Cambridge, Mass., questions whether the ethanol subsidies are the best way to reduce […]

$800M will benefit renewable energy

More than 600 renewable energy projects are being funded by $800 million from the U.S. Internal Revenue Service. The money is being allocated in the form of Clean Renewable Energy tax credit bonds that replace interest payments in tax-free form. Applicants are in the process of being notified by the IRS. earthtimes

America’s largest firms pledge to go green

From Wells Fargo to Hewlett-Packard, some 40 Fortune 500 companies pledge to purchase green power. NEW YORK (CNNMoney.com) — Some of America’s largest corporations pledged Monday to support green power, responding to a challenge posed by the Environmental Protection Agency. So-called green power is generated from renewable energy sources like the sun, wind and biomass […]

The Oil Drum: A Debate on the Timing of the Peak, Part I

Resolved: World Net Oil Export Capacity is Now Declining Because of Involuntary Reductions in Production and/or Because of Increases in Domestic Consumption in Major Oil Exporting Countries Robert Rapier suggested that we debate this topic, and I agreed. In reality, there are only shades of gray difference between us regarding the timing of Peak Oil […]

Working on empty: Planning for oil’s end

No more fuel – After a Portland group persuades the city to create a task force, scenarios of crises emerge The prophets of gloom meet every Wednesday in a church basement to plan for the end of oil as we know it. Seated in folding chairs under fluorescent lights, the members of Portland Peak Oil […]

As Vietnam gets richer, locals trade bikes for cars

HANOI (Reuters) – Lai Yonghua pops the hood of a small, white sedan parked on the side of the road as a steady stream of scooters buzzes by. “Made by BMW in Brazil,” he beams, holding his hand above the hot 1.6-liter engine of the Chinese-made Lifan 520. “Whaddaya think? Not bad for just over […]

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