Japan and U.S. to cooperate on civil nuclear energy

Japan said Tuesday it was considering providing financing for the construction of new U.S. civilian nuclear plants as part of a larger U.S.-Japanese energy cooperation effort.The Bush Administration is pushing an ambitious plan to promote nuclear energy around the world as a source of electricity. The Global Nuclear Energy Partnership calls for stepped-up research into […]

Anger as Russia digs in over oil

Vladimir Putin on Tuesday faced an angry European backlash about his decision to halt oil supplies through the pipelines crossing Belarus. As the Russian president made clear his determination not to back down in his dispute with Belarus, Angela Merkel, the German chancellor, denounced his actions as “not acceptable”, noting that even during the height […]

Goldman Sachs Partly Responsible For Oil Price Correction

While recent balmy temperatures have certainly played a role in last week’s dip in oil prices, a lesser known but equally powerful move by Goldman at the start of the year might bear some responsibility as well. Goldman cut the energy portion by as much as 50 percent in some of the sub-indexes that comprise […]

Speculators keep oil prices afloat

Investors still think oil is a hot commodity, which may explain why crude hasn’t fallen far despite brimming supplies, warm weather and a cooling economy. NEW YORK (CNNMoney.com) — Temperatures and inventories are high, while economic growth and global tensions, relatively speaking, are low. But although oil prices have fallen in the last few days, […]

20 January: ASPO Netherlands conference – Amsterdam

Title: Is the end of the era of crude oil near? What to do? Date: Saturday 20 January 2007 Time: 09:30 – 18:00 (entrance 09:00 – 09:30) Place: De Rode Hoed, Keizersgracht, Amsterdam Entrance Fee: 25 euro, paid in cash at entrance Registration: http://www.rodehoed.nl/index.php?pagina=reserveren.php Spoken Language: Dutch More information in english: http://www.peakoil.com/fortopic26186.html

Kunstler: The Warming

Everyone was walking around upstate New York delirious in their shirtsleeves on Saturday as the thermometer soared into the sixties (an all-time record for January here). The resource cornucopians were beside themselves with glee as the price of crude oil nose dived down to the mid-$50 range, proving what ninnies we peak oil alarmists are. […]

Dems make bad start with ”no-energy” plan

THE DEMOCRATS didn’t waste any time announcing their “no-energy” policy for the nation. Rep. Edward Markey, a long-time friend of the environmental lobby in Washington, introduced a bill last week that would impose a permanent drilling ban in the vast Arctic National Wildlife Refuge in Alaska. The bill was co-sponsored by Rep. Jim Ramstad of […]

The Truth about Oil, Part 1

Over 1.5 TRILLION barrels of oil equivalent have been produced since Edwin Drake drilled the world’s first oil well in 1859. The world will need that same amount to meet demand in the next 25 years alone. And if you’re thinking that it’s all for your gas tank, you’re only half right. You see, petroleum […]

The Oil Drum: The Evolving situation between Russia, Belarus and Azerbaijan

It hardly seems any time at all since we heard that Belarus and Russia had signed an agreement that had set the price per thousand cu meters at $100, Gazprom was going to use part of the money, over time, to purchase a 50% share in the Belarus pipeline company, and another crisis had been […]

Making Other Arrangements

by James Howard Kunstler AS THE AMERICAN PUBLIC CONTINUES sleepwalking into a future of energy scarcity, climate change, and geopolitical turmoil, we have also continued dreaming. Our collective dream is one of those super-vivid ones people have just before awakening. It is a particularly American dream on a particularly American theme: how to keep all […]

Indonesia’s $12.4bn biofuels plan inaugurated today; CNOOC to invest $5.5bn

In a ceremony held in Jakarta this morning, biofuel superpower Indonesia gave the green light to its massive bioenergy plan (earlier post) with the signing of 67 contracts for biofuel development. The contracts, which fall under the ‘Joint Initiative for Biofuel Development’, represent a total of Biopact

Takeovers bring Chavez’s dream within reach

THE Venezuelan President, Hugo Chavez, is to nationalise the telecommunications and electricity industries and take over four main oil production plants controlled by foreign oil companies. The moves will accelerate the pace of Mr Chavez’s pledged socialist transformation of Venezuela, the eighth largest exporter of crude oil and the fourth largest foreign supplier to the […]

Danger of leaks said to hang over BP’s Caspian pipeline

Coating fault cited, with leaks feared …The story of how BP built the BTC pipeline using an inappropriate coating, despite repeated warnings that it would not work, points to companywide flaws, said Matthew Simmons, founder of Simmons & Co., a Houston- based oil and gas investment bank. “There are clear parallels between what happened here […]

Russia Cabinet told to weigh output cut

MOSCOW – President Vladimir Putin ordered his Cabinet on Tuesday to consider a possible reduction in oil output amid a dispute with Belarus over a halt in transit of Russian oil to Europe Belarusian officials in Moscow for talks with Russia on the dispute said they had been unable to start negotiations and called for […]

BP sees oil output fall for sixth quarter

LONDON – BP, the world’s second largest oil company, has said that its energy production dropped by five percent in the final three months of 2006, the sixth quarterly drop in a row. In a trading update on Tuesday, BP said it pumped 3.82 million barrels of oil and gas per day in the fourth […]

Cities rediscover allure of streetcars

The streetcars that rumbled and clanged through many American cities from the late 1800s until World War II helped shape neighborhoods. More than a half-century later, streetcars are coming back and reviving the same neighborhoods they helped create. Several cities have resurrected the streetcar tradition and about three dozen others plan to This return to […]

Geothermal plan in doubt after tremors

BASEL (Reuters) – Efforts to tap energy deep below the earth’s crust to provide power for homes in the Swiss city of Basel may have to be scrapped after setting off tremors. The plan to use geothermal energy to generate electricity for 10,000 homes and heat for 2,700 others is on hold after it caused […]

Russia’s Oil Woes

By re-nationalizing its energy sector, Putin’s regime is slaying its largest golden goose. The idea that Russia is a new “energy superpower” is all the rage in Moscow, thanks in part to President Putin’s vigorous salesmanship. The country holds between 6 and 10 percent of the world’s known oil reserves and exports around seven million […]

Nigeria: 500,000 Jobs Expected From Renewable Energy

National Coordinator, Council of Renewable Energy in Nigeria, Mr Odigha Odiagha, has predicted that exploitation of the country’s renewable energy potential could create avenues for the employment of about 500,000 job seekers in the next 10 years. Odigha, in a statement yesterday, described the development of Nigeria’s renewable energy sector as a major strategy that […]

What Al Gore Hasn’t Told You About Global Warming

Austerity? Hold on. Al Gore and the rest of the U.S. environmental movement never utter the word “austerity.” Their word of choice is “opportunity.” The prospect of global warming, they maintain, can serve as a much-needed catalyst to spur us to action. A large dose of political will may be required, but we need not […]

U.N. official wants world summit on global warming

U.N. Secretary-General Ban Ki-moon should call a meeting of heads of government to decide the next steps against global warming, the U.N. official responsible for tackling climate change said on Monday. Yvo de Boer, head of the U.N. Climate Secretariat (UNFCCC), told reporters there was not much time left to prepare a successor to the […]

Heinberg: Bridging Peak Oil and Climate Change Activism

Richard Heinberg’s MuseLetter, #177/January 2007 The problems of Climate Change and Peak Oil both result from societal dependence on fossil fuels. But just how the impacts of these two problems relate to one another, and how policies to address them should differ or overlap, are questions that have so far not been adequately discussed.Despite the […]

Rising carbon emissions set energy challenge

Two timelines to curb carbon emissions are emerging — immediate effort to improve energy efficiency at the national level, followed over the next decade by a search for alternative energy sources and a global climate change agreement. Improving energy efficiency is seen as the easier first step because it actually saves money, and chimes with […]

Are people ready for EU’s energy revolution?

Contrary to the Commission’s own press release entitlde “Europeans firmly behind research into new energy technologies”, the Eurobarometer survey’s findings are not very encouraging for European policymakers. The Commission will attempt on 10 January 2007 to convince citizens that nothing less than “a new industrial revolution” is needed to deal with the double challenge of […]

Japan to subsidize uranium search

Japan will heavily subsidize uranium exploration as the global demand for the nuclear plant fuel increases, tightening the supply of imports Japan relies on.Kyodo News International reports Japan’s energy agency will foot half the bill of private companies looking for and exploiting uranium reserves worldwide. Japan imports all its fuel for its nuclear plants.As the […]

Energy independence is South America’s big dream

Aiming to leverage their huge natural gas reserves, leaders across South America are talking about building a network of pipelines stretching thousands of kilometres to feed demand and wean themselves from being so dependent on big U.S. and European energy companies. But their show of brotherhood could backfire if this expensive dream becomes reality, since […]

Whale sightings to block Firth of Forth oil transfers?

The Executive came under pressure yesterday to intervene to stop plans for ship-to-ship transfers of Russian oil in the Firth of Forth, amid fears that it will jeopardise the flourishing wildlife in the river estuary. Volunteer activists have reported 99 sightings of three species of whales and other protected mammals, including bottle-nosed dolphins in the […]

Iran actually is short of oil

by Roger Stern Iran has ensnared itself in a petroleum crisis that could drive its oil exports to zero by 2015. While Iran has the third- largest oil reserves in the world, its exports may be shrinking by 10 to 12 percent per year. How can this be happening? Heavy industry infrastructure must be maintained […]

Why Doesn’t the Media Get It?

New York, NY — A surreal walk today in Central Park. A bedraggled sign warns, “Thin ice — Danger” at one of the seeps near the bird sanctuary. It’s 72 degrees outside, so any ice must be very thin indeed. A hundred yards ahead the Zamboni machines at the park’s skating rink strive earnestly to […]

Hungarian oil supply could stop by Monday night

BUDAPEST (MarketWatch) — Hungarian oil and gas company MOL Nyrt. said Monday that unless Belarus restarts shipments of Russian oil, the Ukraine transit reserves are expected to dry up by late afternoon Monday and oil shipments to Hungary will stop by late evening Monday. MOL said oil supplies to Hungary through the Druzhba pipeline have […]

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