Good forecasts/bad forecasts: how does the US DOE/EIA come out?

Forecasts are only of value if they are reasonably accurate. In that regard, I decided to look at an analysis I made in 2001, Future North Sea Oil Production In the IEO2001, the US DOE/EIA stated the following concerning future North Sea oil production: In the IEO2001 forecast, North Sea production reaches a peak in […]

State action needed now to avert a Connecticut energy crisis

Soaring electricity costs will hurt businesses, residents; slow state economy. There is plenty the state can do about soaring power prices besides lawmakers throwing up their hands and blaming high costs on Middle Eastern energy sultans. United Illuminating wants to charge homeowners 38 percent more, businesses an astonishing 50 percent to nearly 80 percent for […]

Venezuela

CARACAS, Venezuela, Dec. 2

NASA: alternative fuels for aviation

With a growing gap between the growth rate of petroleum production and demand, and with mounting environmental needs, the aircraft industry is investigating issues related to fuel availability, candidates for alternative fuels, and improved aircraft fuel efficiency. Bio-derived fuels, methanol, ethanol, liquid natural gas, liquid hydrogen, and synthetic fuels are considered in this study for […]

Iran calls for new cut in OPEC oil output

TEHRAN (AFP) – Iran’s OPEC envoy Hossein Kazempour Ardebili has called on the oil cartel to agree a new oil output cut at its next meeting to counter an oversupply of crude. “Some factors like the decrease of world economic growth and accumulation of oil and stockpiles of its by-products indicate that the market needs […]

Nate Hagens on ”The Reality Report”

Nate Hagens is a former Wall Street researcher and investments manager and has an MBA from University of Chicago. He is completing his doctoral studies at the University of Vermont Downloadable and streaming audio available at Global Public Media.

Russian-European Energy Hysteria

The Russian company AtomStroyExport will build the Belene nuclear power plant (NPP). Till the end of 2013 Russia must put into service two 1000 MW nuclear power reactors of the most recent, third generation. Sergey Shmatko, President of AtomStroyExport said he was “moved” by the Bulgarian decision. I feel one step closer to my dream, […]

Norway’s next energy boom

With Norway’s petroleum era beginning to wind down, attention is being turned to the potential of thorium as the next power adventure for the coutnry. The European research center for particle physics, CERN, has been working on the details of building a nuclear power plant based on the element thorium for years, and believes the […]

Even Putin concedes: ‘This golden era… can’t last.’

Much of Russia’s new prosperity can be traced to a single source. “Russia’s economy is about oil,” says Natalia Orlova, chief economist at Moscow-based Alfa-Bank. Oil and gas account for 65 percent of Russia’s exports and 60 percent of federal tax receipts. “Consumption is financed by oil revenues,” she says. Russian President Vladimir Putin is […]

Nepal introduces new rural energy policy

The Nepali government has introduced a new rural energy policy aiming at providing access of clean energy to the rural population and reducing their dependency on traditional energy sources including woods. According to local Nepal Samacharpatra daily on Sunday, the Council of Ministers recently endorsed the policy that aims at generating employment and enhancing livelihood […]

Separatism would put Scotland over a barrel

‘On yer bike, Jock!’ That is the trenchant message from 59% of English voters to their Scottish partners of three centuries in the Union, if a recent ICM poll is to be believed. It recorded that percentage of respondents south of the Border wishing to see Scotland independent. That is higher than the support for […]

Bio-Fuels Seen as Alternative to Rising Oil Prices in Developing Countries

Experts attending a United Nations conference on bio-fuels say alternative sources of energy could counter the rising price of fossil fuels, which is especially burdensome for developing nations. However, they caution that planting crops for energy use could use up scarce land and resources needed for food.Voice of America

OPEC divided on need for deeper output curbs

OPEC ministers were divided on Saturday on the need for deeper oil-supply cuts, with some concerned about high fuel stockpiles and others reluctant because crude prices are holding firm above $60. Saudi Oil Minister Ali al-Naimi said the market was “significantly” out of balance because of swelling global inventories and that 100 million barrels should […]

Oil minnows form future oil and gas sector Africa

Listed oil and gas minnow will be main supporter for success of Africa’s oil and gas sectors, role of majors waning, while investors could be refocusing their attention to smaller operators soon. resourceinvestor

Russia’s tight grip on energy fuels fears in West

The main issue is natural gas. Russia is an oil giant, second only to the Saudis in exports. Europe depends on it for a quarter of the crude it consumes. But oil supplies can be diversified because shipping is easy, while the most efficient way of distributing gas is through pipelines. With Russia as the […]

Climate Change: End of the First Act?

One way or another, that existential challenge is now moot. A recent article in Science (314:452-454) suggests that atmospheric engineering (creating reflective sulfur aerosols) could counteract global warming, and a recent Ph.D. dissertation by Joshuah Stolaroff at Carnegie Mellon University, entitled Capturing CO2 from Ambient Air: A Feasibility Assessment, shows that capture of CO2 from […]

Green, the Color of Survival

The car companies are going green, with practically every major automaker here showing off or promising to build energy-efficient vehicles powered by electricity, ethanol, hydrogen, low-sulfur diesel, biodiesel, compressed natural gas, propane or myriad combinations thereof. But the reports are wrong for suggesting that all of this is being done for image, that it is […]

Canada crosses one-gigawatt threshold for wind-power capacity

A new report says Canada has surpassed one gigawatt – a billion watts – of installed wind-power capacity. Ernst and Young Renewable Energy Group says Canada is the 12th country in the world to surpass the one-gigawatt threshold. The report credits provincial support, noting that Quebec and Manitoba have set ambitious wind-power targets. yahoo

Blowing the Whistle on Big Oil

Invoking a law that rewards private citizens who expose fraud against the government, Mr. Maxwell has filed a suit in federal court in Denver against the Kerr-McGee Corporation. The suit accuses the company, which was recently acquired by Anadarko Petroleum, of bilking the government out of royalty payments. It also contends that the Interior Department […]

Exxon puts

ExxonMobil, the US oil giant, has launched a multi-million pound sale of its stakes in several oil and gas fields in the Southern North Sea. The company, which hopes to get more than telegraph

Honda’s new solar cell subsidiary, Honda Soltec opens for business

Honda Motor Company announced yesterday the establishment of a wholly-owned subsidiary that will make and sell thin film solar cells. This company, Honda Soltec Co. Ltd., will be housed within Honda’s Kumamoto factory in Kikuchi-gun, Japan. Honda started building a solar cell manufacturing plant there in September and the plant should be operational by next […]

King coal under siege

Coal is widely recognised as a major climate change culprit that is contributing to rising global temperatures and sea levels, and more frequent and more fierce storms and bushfires. The industry’s economic credentials are looking weaker, too, after an analysis released by the British Government in October concluded that the economic cost of ignoring climate […]

Hydropower: a greenhouse gas culprit?

Hydropower plants have long been a byword for clean energy. But researchers warn that tropical reservoirs might release more greenhouse gases than fossil-fuel power stations. Philip Fearnside, a conservation biologist at the National Institute for Research in the Amazon in Manaus, Brazil, has shown that in the first ten years of operation, a typical reservoir […]

Oil lubricates Beijing-Caracas relations

As its trade with Venezuela increases, China’s political influence in the Latin American country also grows, which may well serve both countries’ interests. Venezuelan President Hugo Chavez’ visit to China this August accomplished two goals, the signing of oil and infrastructure agreements as well as getting China to support Venezuela in its bid for a […]

Biofuel plant ‘could be anti-green’

A biofuel production plant to be built in Scotland with environmentalists say the cheapest available source of biomass is palm oil from south-east Asia, where plantations have been created by removing vast rainforest areas, releasing huge amounts of carbon into the atmosphere and threatening endangered species. A spokesman for Ineos Enterprises, the company behind the […]

India: Double whammy for oil companies

Domestic oil companies will have to contend with lower refining margins as well as the negative margins in marketing now following the retail price cut. The reduction in petrol and diesel prices may have come as a relief to consumers but they may just have added to the troubles of the oil companies. The cut […]

New US Intelligence Chief for Cuba and Venezuela

US Intelligence Chief John Negroponte appointed Norman Bailey as “Mission Manager” for Cuba and Venezuela. Negroponte’s announcement does not state the aims of the designation nor its ties to a secret annex contained in the Bush Plan against the island. Bailey is charged with the task of “leading the Intelligence Community at a strategic level, […]

UK oil production continues decline

Britain’s North Sea oil and gas production continued its decline in September despite the completion of annual summer maintenance work. According to the latest monthly index from the Royal Bank of Scotland, oil output was up 10 per cent compared with August to 1.3 million barrels per day, but was still down 17 per cent […]

Four U.S. West states adopt greenhouse gas accord

SAN FRANCISCO (Reuters) – Energy regulators from four U.S. Western states, saying they cannot wait for the Bush administration to act on climate change, signed an agreement on Friday to cooperate to promote energy efficiency and reduce greenhouse gas emissions from power plants. The move by the public utilities commissions of California, Oregon, Washington and […]

OPEC sends conflicting signal on need for deeper cut

CAIRO (Reuters) – OPEC ministers sent conflicting signals on Saturday on whether the group needed to reduce oil production further to bring markets back into equilibrium. Libya’s top energy official said markets seemed to be nearing a balance and he did not feel there was a need for OPEC to add to the 1.2 million […]

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