Biofuel demand will make WTO accord possible

The booming demand for corn as a fuel source will make it easier for the US to agree to cuts in farm subsidies, making a new global trade agreement possible this year, the US ambassador to the EU said. „I am very confident that we are going to get a deal,” C. Boyden Gray told […]

Venezuela minister threatens oil belt takeover

Venezuela’s new economy minister warned yesterday the Opec nation could “nationalise” the multibillion dollar heavy crude projects in the Orinoco oil belt run by US and European companies if talks for the state to take a majority stake in the enterprises break down. The projects are worth an estimated $33bn and believed to hold up […]

Africa: Continent ‘Entitled to Reap the Benefits of Atomic Energy’

There must be no restrictions on African use of peaceful nuclear technology, speakers said at the continent’s first conference on nuclear energy’s contribution to sustainable development. Ministers and officials from at least 45 countries pledged in a joint statement to promote the safe and accountable use of nuclear energy, according to Reuters.AllAfrica

UK Needs New Gas-Fired Power Plants Quick – Centrica

Britain needs to quickly build several gas-fired power plants to meet growing demand for power over the next decade, Jake Ulrich, the managing director of Centrica Energy, told Reuters in an interview. “We see the need in the short term for more gas plant,” he said. “There clearly needs to be more plants built.”Ulrich, who […]

Energy inefficiency could kill pure cellular

In a piece of research that could have implications for the future of mobile broadband, a US analyst firm has claimed that new mobile applications will make pure cellular technology too energy-inefficient to be practical in the future. Noting that energy costs represent the third most expensive operating expense (OPEX) for carriers today — and […]

For Russia, true friendship is a pipe dream

The legendary Marshal Winter who defeated Napoleon Bonaparte and Adolf Hitler and forced their eventual destruction has been unseasonably mild-tempered this year, allowing Russian President Vladimir Putin to withstand a rain of arrows from the German Chancellery, the European Union, and the Poles and demonstrate that energy supply for Europe can’t be extracted from Russia […]

The Truth about Oil, Part 2

…The world’s largest oil field, Ghawar in Saudi Arabia, was discovered in 1948 and currently produces approximately 4.5 million barrels per day. With an estimated 60-70 billion barrels in remaining reserves, it could continue producing for several decades, but nothing of its size has been discovered since. The importance of Ghawar and other older giant […]

Justice, Farms and Victory Gardens

…Only 50 years ago, We shouldn

This faith in progress

Every culture has some distant place in space or time where it parks its dreams of a perfect world, and ours is no exception. Devout Christians in the Middle Ages imagined a heaven somewhere off beyond the outermost sphere of the sky, where angels and blessed souls sang in perfect harmony in the presence of […]

The Oil Drum: The Future of Medicine in a Time of Resource Deprivation?

Recently, Energy Bulletin posted a summary of a UPI story that described a WHO (World Health Organization) study projecting global mortality and disease patterns in developing countries to the year 2030. The UPI story is titled At first glance, this story illustrates how economic growth and associated consumerism create

Is a Candu really the answer for Alberta’s oilsands?

At first blush it seems like a pretty incongruous idea Couple that with the thoughts of ex-premier Ralph Klein, whose parting gift was to suggest the nuclear notion had at least to be considered, and you have the makings of a veritable tipping point. Oil execs are no dummies. They have tough-minded shareholders and inquiring […]

The Great Emergency

Global Warming, Mass Death and Resource Wars in the 21st Century At the Sundance Film Festival Al Gore declared, “We have a category five denial of this issue [global warming]. I believe our political system is broken, however, I have optimism and hope. A rebellion is gathering.” But rebellion isn The Millennium Ecosystem Assessment, a […]

Will crude slip further?

Crude prices have fallen below USD 53. Ali Samsam Bakhtiari of Samsam Bakhtiari Consultants and a retired NIOC expert comments on the oil scenario and whether the crude prices are to slide even further. Ali Samsam Bakhtiari comments that OPEC is in a total disarray and the reason for the fall in prices is due […]

A ‘Switch Grass’ Energy Solution?

John Fund, writing in the Wall Street Journal, warns us that Bush

Congress to reconsider caps on carbon

WASHINGTON – Potential presidential rivals John McCain and Barack Obama are joining with newly independent Sen. Joe Lieberman on a plan they say would reduce annual global-warming gases by two-thirds by mid-century. Their bill, being announced Friday, is intended to cut the heat-trapping emissions by 2 percent a year. It is sure to produce a […]

Confronting our addiction to oil

Modern industrial society is completely dependent upon the availability of oil. It is no exaggeration to say that modern civilization is addicted to the stuff. Over the last 150 years, the burning of oil powered an economic and population growth spurt unlike anything that has ever been experienced in human history. But of course, oil […]

Exxon cuts ties to global warming skeptics

Once a skeptic, oil giant also in talks to look curbing greenhouse gases NEW YORK – Oil major Exxon Mobil Corp. is engaging in industry talks on possible U.S. greenhouse gas emissions regulations and has stopped funding groups skeptical of global warming claims Mark Boudreaux, a spokesman for Exxon, the world

Do carbon offsets live up to their promise?

In 2006, “carbon neutral” became the New Oxford American Dictionary’s word of the year, evidence not only of the “greening” of our culture, but of our language as well. As scientists predict another bout of record-setting temperatures this year, climate concerns may soon “green” our wallets as well. By all accounts, 2007 is poised to […]

The Belarusian Crisis: An Opportunity for Germany

Picture this scenario: After months of acrimonious negotiations over energy prices, Russian leaders put their foot down and inform the government of a former Soviet republic that the gravy train has screeched to a halt — no more subsidized energy supplies. At the dawn of a new year, Moscow ratchets up prices by orders of […]

Burning 1,000 Barrels of Oil per Second

BALTIMORE, MD–(MARKET WIRE)–Jan 11, 2007 — By the time it takes you to read this article, say two minutes or so, the world will have consumed nearly 120,000 barrels of oil. Fact is, the world currently burns about 1,000 barrels of oil per second — equal to the volume of five large tanker trucks. And […]

The Ultimate ”Contrarian” Investment for 2007 — Be Prepared

Of all the “investments” one might make at this time, one of the best may be to be prepared for a breakdown of the economy as we know it. This is not necessarily a prediction — any more than having fire or flood insurance is a prediction that you will have a fire or flood. […]

Albania: Mjaft! Protests the Energy Crisis

Yesterday Mjaft! Movement protested against the nation Besjan Pesha, a Mjaft! Movement activist, stated the following:

Fuel dealers’ earnings melting in mild winter

Recent temperatures make them sweat. Mild weather may sit well with Mummers and anyone else who relishes a springlike day in January. But to those in the energy trade, this winter already looks like a slow-motion train wreck. And that’s especially true for fuel-oil dealers in Philadelphia and elsewhere in the Northeast. Demand for heating […]

Estimate of the World’s Oil Reserves

I recently received information from a Mr. Manfred Zysk, an engineer with some interesting ideas and an interesting background. He has plans for a small hydrogen powered jet plane as well as a hydrogen manufacturing plant to process hydrogen from seawater. Mr. Zysk has read some of my articles and has given me permission to […]

The Peak Oil Crisis: A Memorandum for the Board

Memorandum for: The Chairman, Arlington County Board Subject: Energy Task Force First, let me congratulate you on your proposal to make a major effort during the coming year to slow the county’s contribution to the world’s emissions. Front-page coverage in the Washington Post insured the story was repeated around the country and indeed around the […]

Study casts doubt on nuclear waste storage safety

LONDON (Reuters) – Materials that scientists had hoped would contain nuclear waste for thousands of years may not be as safe and durable as previously thought, researchers said on Wednesday. They used a technique called nuclear magnetic resonance, or NMR, which is more sensitive than other methods in detecting radiation damage. It showed that a […]

NASA scientist urges action on warming

MAMMOTH LAKES, Calif. – The effects of global warming are being felt around the world and unless international efforts are launched within the next 10 years species will disappear and the earth will be a vastly less habitable planet by the end of the century, according to NASA scientist James E. Hansen. “Global warming is […]

Oil prices settle at 19-month low

NEW YORK – Oil prices tumbled to settle at a 19-month low Wednesday after the government reported rising inventories of gasoline, heating oil and diesel fuel. Crude oil stockpiles fell for the fourth straight week, according to a weekly report by the Energy Information Administration. But inventories of refined products grew faster than market analysts […]

The Oil Drum: More on the Azerbaijan, Belarus, Russia oil and gas confrontations

Well the situation East of Georgia continues to evolve. I thought to begin there since, as mentioned in an earlier post, there are a number of small countries in the strip that runs south of Russia and over into China where oil and gas issues will make the nations a bit more internationally prominent. Consider, […]

Oil keeps U.S. vulnerable, lawmakers told

WASHINGTON (Reuters) – The United States’ role as dominant global military and economic power hinges on secure access to crude oil, but U.S. politicians who call for “energy independence” are shouting into the void, experts told a U.S. Senate panel on Wednesday. The U.S. economy will continue to rely on crude oil imports — which […]

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