China fears disasters, grain cut from global warming

Global warming threatens to intensify natural disasters and water shortages across China, driving down the country’s food output, the Chinese government has warned, even as its seeks to tame energy consumption. A forthcoming official assessment of the effects of global climate change on China will warn of worsening drought in northern China and increasing “extreme […]

German Energy Giant Reopens Debate on Nuclear Phase-out Plan

German energy giant EnBW presented a rather unwelcome Christmas gift to the government end of last week when it sought to transfer part of the life span of one of its more modern nuclear reactors to an older one which was due to shut down in 2009 under a six-year-old phase-out plan. EnBW’s request provoked […]

2007 energy outlook: costs up

Remember this? Motorists complaining at the pump as the price of gasoline rises. Airlines bumping up airfares to cover expensive jet fuel. And delivery services tacking on surcharges, reflecting a record price for a barrel of oil. But it’s not just a description of this past spring. It’s also the forecast for next year, probably […]

Algeria increases the price of oil

The Algerian Parliament has decided to increase Algeria’s share of oil production revenues by placing an “excess” profits tax on oil shipments whenever oil prices exceed $30.00 per barrel. Algeria, one of Africa’s largest oil and natural gas exporters, will levy the new tax starting in 2007. Depending on total output, the excess profits tax […]

China buys oil, minerals with reserves

China will take advantage of its massive foreign exchange reserves to expand its stock of strategic resources such as oil and minerals, state media reported Wednesday, citing a top economic official. Vice Prime Minister Zeng Peiyan told leaders of the national legislature that the government plans to step up exploration for key resources such as […]

World’s First Affordable Diesel Hybrid Powertrain

Now, in collaboration with a UK Government initiative, the British engineering consultancy has developed a novel diesel hybrid powertrain that will be affordable in the most popular market segments. The new technology will allow vehicle owners to drive across London’s extended congestion charge zone for just four pence. businessweek

Experts: Housing, energy key to economic outlook

The U.S. economy is sure to slow next year, but most experts say it probably won’t slip into recession – though some think it could be a close call. Housing and energy prices will probably prove decisive. Most mainstream economists are projecting that the economy will grow at an annual rate of 2 percent to […]

EU Commission open to use of nuclear energy

The European Commission is open to increasing the use of nuclear energy as a way for member states to cut carbon emissions and avoid volatile energy prices, French newspaper Les Echos reported on Tuesday. reuters

Securing energy needs

This legislation would also help make electricity a true transportation fuel, by promoting the manufacture of plug-in hybrid vehicles. Since scarcely any electricity is generated in America by burning oil, the widespread use of such vehicles could greatly reduce our dependence on foreign sources of petroleum. To realize the full potential of this option, however, […]

Sasol and the Liquid Coal Revolution

Coal liquefaction would also help America wean itself from foreign oil imports. The United States has the world’s largest coal reserves with an estimated 268 billion recoverable tons. Converting just 5 percent of the U.S. coal reserves to Fisher-Tropsch fuels would equate to the existing U.S. crude reserves of 29 billion barrels. America could virtually […]

Canada Eyes Nuclear Power To Boost Alberta Oil Sands Production

Canada will likely use nuclear power to feed its booming Alberta oil patch, which needs large amounts of energy to produce oil to export, Natural Resources Minister Gary Lunn told Sun Media Thursday. “It’s not a question of if, it’s a question of when in my mind,” Lunn told the Canadian newspaper chain. “I think […]

Honda May Begin Production of Hybrids in US

Nikkei. Honda Motor Co. may begin to assemble hybrid vehicles at Honda greencarcongress

Japanese Company Investing in New Coal Liquefaction Project in China

Interfax. Universe Gas and Oil Co. (UGO), a Japanese energy development company, plans to invest RMB 400 million ($51.28 million) in a coal-to-liquids project in northeastern China greencarcongress

Toyota Says Chairman Cho Met Ford’s Chief Mulally

Toyota Motor Corp. Chairman Fujio Cho and Ford Motor Co. Chief Executive Officer Alan Mulally met, the two carmakers said, declining to comment on reports they may increase cooperation on technology. bloomberg

Dems plan renewable energy fund paid for by big oil

House Democrats in the first weeks of the new Congress plan to establish a dedicated fund to promote renewable energy and conservation, using money from oil companies. seattletimes

The Oil Drum: The One Sentence Challenge…

Physicist Richard Feynman once said that if all knowledge about physics was about to expire the one sentence he would tell the future is that “Everything is made of atoms”. What one sentence would you tell the future about your own area, whether it’s entrepreneurship, hedge funds, venture capital, or something else?Much more after the […]

Trying to keep the price of oil up

SOMEONE slipped this little bomb wrapped up like a present under your Christmas tree: Starting next month, the New York Mercantile Exchange is going to let average investors speculate on the price of oil and gasoline. No, don’t pooh-pooh this! Pay attention. This is big news – and not in a good way – even […]

GM slams possible fuel economy changes

Auto manufacturer says standards would place an unfair burden on Detroit and would essentially surrender the market for trucks, SUVs to Japan. DETROIT (Reuters) — A proposal to increase U.S. fuel economy standards would force Detroit-based automakers to “hand over” the market for trucks and sport-utility vehicles to Japanese manufacturers, a senior General Motors Corp. […]

The Republic of Northern America

Disenchantment and growing irritation with the U.S. South could lead northern American states to seek a union with Canadian provinces …If a movement for the union of Canada and the Northern States is formed, it will be born under a name other than annexation. People will speak of fusionism, insisting on the consent of the […]

Industry: Build reactors to survive hit

WASHINGTON – The nuclear power industry wants the government to require companies to design new nuclear reactors that would better withstand large fires and explosions, such as those that could be caused by a terrorist attack using hijacked aircraft. “If you need to change the design to accomodate greater security, particularly for large fires and […]

Abu Dhabi first with Feb OPEC oil output cuts

TOKYO (Reuters) – Abu Dhabi’s state oil firm said on Tuesday it will cut some crude sales in February by 3-5 percent, the first indication of an OPEC member applying new output curbs. Abu Dhabi National Oil Co. (ADNOC), the main producer in the United Arab Emirates, will reduce supplies of three grades that account […]

Let

Those who can not remember the past are condemned to repeat it. The Nixon Administration unveiled

Tanzania: 29 districts going hungry as high fuel costs hamper food relief

…Experts say, however, that unless a permanent solution is found to the energy crisis, the situation could deteriorate further, plunging the country into a serious economic crisis as industries face serious operational interruptions caused by power failures. Basil Mramba, Minister for Trade, Industry and Marketing, told The EastAfrican in an interview last week that the […]

Iran says oil industry hit by US pressures

TEHRAN (AFP) – Oil Minister Kazem Vaziri Hamaneh has lamented that the development of Iran’s oil industry was suffering from US pressure. “Iran has been under different sanctions for years and many companies have not been able to cooperate with our country for fear of US pressures,” Vaziri Hamaneh said, according to the semi-official news […]

Gazprom says talks with Belarus fail

MOSCOW (Reuters) – Russia said on Tuesday a new round of talks with Belarus on gas prices for 2007 had yielded no results, but Europe was safe as Moscow had stockpiled enough gas in Germany and Austria to guard against possible cuts. Russia’s gas monopoly Gazprom said it still hoped for a deal before the […]

Up to 500 killed in Nigeria pipeline blast

Up to 500 people were burnt alive on Tuesday when fuel from a vandalised pipeline exploded in Nigeria’s largest city, Lagos, emergency workers said. Hundreds of residents of the Abule Agba district went to scoop fuel using plastic containers after thieves punctured the pipeline overnight. “We are talking hundreds (dead). We are yet to confirm […]

Nigeria: Fuel Scarcity Bites Harder -NNPC Reassures

Acute scarcity of petroleum products that set in with the yuletide bit harder yesterday as more demand rose against decreasing number of fuel service stations open to customers. Meanwhile, more street hawkers trooped to the roads with the scarce products especially fuel but sold at cut throat prices to desperate motorists.But Nigerian National Petroleum Corporation […]

Peru is struggling to go green with natural gas

Peru, a sizeable oil producer in the 1970s, is rediscovering its energy export potential but its natural gas output may end up like its gourmet coffee beans – in abundance abroad, hard to find at home. Peru, which aims to export natural gas to Mexico from 2010 and eventually to the US and Chile, is […]

Gazprom Will Leave Belarus without Gas

Gazprom has officially entered into the same situation with Belarus as occurred with Ukraine last year. The monopoly has warned that the contract to supply that country with gas expires on December 31, and called its negotiating position irresponsible. Both Gazprom and Russian authorities had been saying that the two sides would be able to […]

2007 oil industry outlook not quite up to this year’s

After a bonanza in 2006, Big Oil is poised for a slightly smaller 2007, as slowing U.S. economic growth and an expanding global supply cushion may help keep a lid on prices. Oil prices will continue to hover at historically high levels, analysts say, because of demand in China and the Middle East, OPEC efforts […]

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