Snatching Victory from the Jaws of Defeat

How the Democrats can Keep from being Arrested …Defeat in Iraq will reveal the limits of American power. America will likely lose its superpower status. The dollar will lose much of its value overseas, raising the costs of imports, which seem to include most everything these days. The vaulted American consumer will finally retrench, slowing […]

Senate measure might threaten TXU’s plans

Legislation would put limits on plant emissions WASHINGTON “The Climate Stewardship and Innovation Act of 2007″ would cap greenhouse-gas emissions of the electric power, industrial, transportation, and commercial sectors at 2004 levels by 2012 and reduce them to one-third that level by 2050. Similar bills, introduced by Sens. Joe Lieberman, an Independent from Connecticut, and […]

Ethanol boom to evaporate corn surplus

WASHINGTON (Reuters) – The fuel ethanol industry’s ravenous appetite for corn will leave the United States with only a meager three-week supply of the grain when this year’s crop is ready for harvest, the U.S. government said on Friday. Corn (maize) prices will surge to the highest level in a decade, an average $3.20 a […]

Lloyd’s boss demands action on climate change

WASHINGTON (AFP) – Governments and businesses must act now against climate change, and the United States needs a bigger public debate about its risks, the chairman of the Lloyd’s insurance market said. Peter Levene warned that vast storms bigger than Hurricane Katrina are likely to batter the United States in coming years despite a relatively […]

Bulgaria wants to reopen two nuke units

SOFIA — Bulgaria will try to push the European Commission to let it reopen two nuclear reactors closed due to safety concerns. In an interview with Reuters, energy minister Rumen Ovcharov was adamant that if not, the country will seek to raise the 570 million euros offered by Brussels to help pay for mothballing four […]

American Chamber of Commerce says Dominican energy crisis grows

Santo Domingo.- The Dominican Republic is retreating as to the subject of capitalization of the energy sector, considered American Chamber of Commerce president, Kevin Manning. In his view, the country has shown weakness in resolving the crisis. He also said that with, political will, the energy problem could be solved, and for this, the law […]

Rich in oil and gas, Texas looks to geothermal

HOUSTON (Reuters) – Texas is known for oil and gas, but the state said on Friday it will sell its first leases for development of geothermal energy. Tracts totaling 11,000 acres in state-owned coastal waters in the Gulf of Mexico will be up for lease on Tuesday as part of an annual winter oil and […]

9 South Korean workers in Nigeria freed

LAGOS, Nigeria – Nine South Korean pipeline workers and a Nigerian kidnapped in southern Nigeria were released Friday with the help of a youth group in the restive oil region, the regional government said. No ransom was paid in the freeing of the 10, who were taken hostage Wednesday, the government of Bayelsa state said. […]

Russia cuts duty on Belarus oil exports

MOSCOW – Russia has reportedly agreed to slash the duty on oil exports to Belarus by 70 percent and Belarus will share with Moscow a substantial amount of profits from the refined oil products it sells to Europe. Prime Minister Mikhail Fradkov was quoted Friday by Russian news agencies as making the announcement after some […]

Commentary: Globalization Promotes Oil Depletion

Due to globalization and “free trade”, more and more businesses are shutting down factories in nations with higher wages, moving production to low wage countries in East Asia, Eastern Europe, and Central America. People in higher-wage nations should not only look at this in terms of employment loss, but in depletion of oil and increased […]

China’s Middle East journey via Jerusalem

Saudi Arabia’s credentials for helping China fulfill its target are far more credible than Iran’s. Apart from supplying 17% of China’s total oil imports currently and making multi-billion-dollar investments in China’s petrochemical sector, Saudi Arabia, as a “swing producer”, has unique capability to produce oil significantly above its Organization of Petroleum Exporting Countries quota. The […]

Don’t overestimate global warming effects

When it comes to weather, our perspectives are local and our memories are short. Those people in Monday’s newspaper who were sunbathing on Coney Island pondering global warming are already forgetting that New York last year completed its first recorded run of four consecutive winters with 40 or more inches of snow. And the city […]

Climate Change and the Coming Energy Crisis

A University of Toronto forum in December addressed these urgent issues Imagine this situation: Two of your dearest friends, a retired couple, have just returned from vacationing on a remote, sparsely populated island on another continent. They invite you to dinner and announce their surprising plans. They intend to move to that country with their […]

16 Asian nations to agree on boosting energy security

Leaders of 16 nations from South Korea to Singapore are expected to agree to boost Asia’s energy efficiency and combat climate change by seeking new fuel sources, particularly biofuels, according to a draft document seen on Saturday.The plan aims to help countries reduce their dependence on conventional fuels through intensified energy efficiency programmes, expansion of […]

Chavez promises Nicaragua 200-year oil supply

Venezuelan President Hugo Chavez Friday promised his Nicaraguan counterpart a 200 year supply of oil.The announcement came at the end of Chavez’s three-day-long visit for the inauguration of Nicaraguan President Daniel Oretega and for diplomatic and economic talks. Venezuela will supply Nicaragua with 10,000 barrels of affordable oil per day, and build a refinery and […]

Syria says oil production witnessing gradual decrease

Syrian Minister of Petroleum and Mineral Resources Sufian Alaw said on Friday that the country’s oil industry is facing great challenges as the production was witnessing a gradual decrease.“The production of oil in Syria reached about 600,000 barrels per day (bpd) in 1996 while it records now about 400,000 bpd,” the minister was quoted as […]

Cheap oil’s life is likely to be short

If you’re a big investor in petroleum stocks, the past several months have likely been a period of increasing nervousness, with the price of oil moving down from a midsummer peak of around $77 to a recent price in the low 50s. Of course, in the far more likely event that you’re mostly exposed to […]

The Oil Drum: A New Energy Policy for Europe

Wednesday the European Commission released a series of Communications proposing a new revolutionary Energy Policy attempting to address EUMuch more after the jump to The Oil Drum.

Oil’s Vital New Power

The stakes in Azerbaijan’s new pipeline are far higher than the fortunes of just Mirza and his family. This Muslim republic, directly north of Iran and tucked into the southwest corner of the vast former Soviet empire, is suddenly a central player in one of the West’s most distressing problems: how the U.S. and Europe […]

Peak Oil Passnotes: Oil Down, Browne Down

The oil market is, as usual, performing a strange dance. It has opened the year showing great weakness with little signs of abating. As we mentioned last week this was not unexpected. But what is the most interesting development is that the $54.50-$55 floor price that has been so resilient over the past 18 months […]

Coming Soon: Affordable Solar Power

Spectrolab, a division of Boeing, has developed a solar cell that converts 41 percent of the sunlight that strikes it into energy. This solar cell can potentially bring the cost of electricity down to $3.00 USD per kilowatt-hour over the life of the panel. Currently, Hamilton’s hydro utility (Horizon) charges $0.055 cents per kilowatt-hour. The […]

Egypt’s Mubarak warns Iran

Egyptian President Hosni Mubarak has delivered a stern warning to Tehran to stay out of Iraq, in an interview. “Iran is trying to gain support in Iraq and in the region and I say to all: Don’t touch Iraq,” said Mubarak in remarks carried by the Egyptian weekly al-Osboa. “Iraq is capable of maintaining its […]

Hydrogen cars still a long way from take-off

THE dream of hydrogen-powered cars emitting only water vapour is slipping further into the future as car companies grapple with some of the problems. The latest estimate is that instead of the 10 years forecast by General Motors, buyers may have to wait 30 years. theage

Gazprom, Chevron join up for Russian energy projects

Gazprom and Chevron, two of the world’s biggest energy producers, have set up a joint venture for oil projects in Russia, the two companies said. yahoo More on this at Monsters and Critics

Greenfuel Technologies teams with IGV in Germany to turn gh gases into biofuels

Greenfuel Technologies Corporation has signed a strategic alliance agreement with IGV, a private industrial research institute headquartered in Pottsdam, Germany, to speed commercialization of recycling greenhouse gases into biofuels. agprofessional

New Global Warming Bill Signals Momentum Growing for Effective Reductions

Today Sens Joseph Lieberman (I-Conn.) and John McCain (R-Ariz.) will introduce the Climate Stewardship and Innovation Act of 2007. The new bill contains a nrdc

U.S. Sustainable Energy Announces Patent Pending for New Organic Biofuel

U.S. Sustainable Energy Corp. (USSE) has announced the official launch and availability of their new organic-based biofuel, discovered during research into the creation of alternative fuel sources from waste biomass. grainnet

Revolution Against Oil and Government in Nigeria

Despite frequenting international news headlines throughout 2006, very few people in North America have taken notice of the Movement for the Emancipation of the Niger Delta (MEND), despite being, arguably, the most active revolutionary organization in the world. While there are many groups in Nigeria agitating against the government and the oil companies, the most […]

Investing Cautiously in Solar Energy

n December, I touched on two Chinese oil companies, PetroChina (PTR) and China National Petroleum (SNP) and highlighted their advantages in the Asian oil market. The stocks of both companies have delivered fantastic returns in the last year and are solid players in the energy sector. But for an investor looking to put his money […]

‘Wind Power Now Cost Competitive’

Wind power in Europe is emerging as a cost-effective option to the more conventional power choices of coal and natural gas, as these power plants face increased costs and fuel risks, according to a new briefing from Emerging Energy Research (EER), an advisory firm that tracks emerging technologies in global energy markets. Wind power has […]

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