Japan to provide $2 bln in energy aid to Asia

Japan will provide energy-related aid amounting to about $2 billion to Asian neighbours over the next three years, a proposal seen by Reuters on Friday showed. The document, outlining Japan’s initiatives to be announced at a summit of Asian nations next week, said the aid would be provided for “the eradication of energy poverty”.Reuters

Geothermal power moves ahead

Tighter emissions controls and rising fuel costs are spurring demand for renewable energy, prompting utilities around the world to tap underground resources previously considered too costly to develop. Global geothermal capacity will rise as much as 10 percent a year through 2010, three times the pace of the past decade, the International Geothermal Association forecasts. […]

Out of habit from when energy was cheap

If you ever visit countries like Ukraine, Moldova or Georgia during the winter months, try to avoid spending much time in government buildings. They are sweltering. Ask that the temperature be turned down and your host will immediately oblige — by opening the window. Thermostats are nonexistent. Once I asked an official why the buildings […]

Canada: What future for BC’s offshore oil and gas?

Given the historically high stakes, and given how necessary it now is for America to retain access to secure sources of overseas energy, how likely is it that Washington would respect Victoria’s decision to continue denying exploitation of off-shore oil and gas reserves, if and when the world security situation for Americans tightens to the […]

German Renewable Energy Usage at Record High in 2006

Renewable energy usage will rise further in Germany this year after reaching its highest ever level in 2006, the BEE renewable energy association said on Thursday. Renewable energy sources accounted for 7.7 percent of total energy consumption in Europe’s biggest economy last year, up from the 2005 level of 6.8 percent, the group said.Planet Ark

World’s Largest Gas Pipeline Proposed to Run Through Amazon

Plans to build the world’s largest natural gas pipeline through 5,000 miles (8,047 kilometers) of South American wilderness are prompting warnings of environmental calamity. Known as Gasoducto del Sur, or Southern Gas Pipeline, the proposed 21-billion-dollar (U.S.) structure would connect Venezuela’s rich natural gas fields to Argentine markets.But to do this the pipeline would have […]

The greening of the oil sands

Greenhouse gases in Canada spew out from disparate sources across the country — vehicles on the roads are as guilty as industry — but massive growth in the oil sands is drawing the most attention with the rising prominence of the environment and the containing of carbon dioxide emissions. The oil sands region is already […]

Europe to suffer as the world warms up

Chilly northern Europe could reap big benefits from global warming, while the Mediterranean faces crippling shortages of both water and tourists by the middle of the century, according to the first comprehensive study of its effects on the continent. Fewer in the north would die of cold, crops there would boom and the North Sea […]

RFF Scholars Awarded Prize for Economics of Climate Change

In their paper, the authors note that the rate at which the future impacts of climate change are discounted in benefit-cost analysis has a very large influence on the present value of mitigation efforts. The study asserts that acknowledging uncertainty about future interest rates leads to a higher valuation of the future benefits of reducing […]

EU Wants “Industrial Revolution” in Energy Sector

Two versions of the so-called “industrial revolution” have been outline and will be presented on Wednesday, Jan. 10. The more radical alternative, which has been rejected by German and French EU officials, involves dividing up energy corporations into producers and distributors. This plan aims to break up powerful conglomerates like E.ON, RWE in Germany and […]

Govt upset with ONGC`s poor recovery

The country business-standard

Peak Oil Passnotes: Is 2007 Time to Get Out of Oil?

But to come full circle if we have a year of oil in the $50-$55 range then all of a sudden the oil companies are going to find themselves paring back. They have been hit by huge increases in costs, raw materials, personnel, rig rates and so on. They have entered into new contracts which […]

Next IEA Chief Tanaka Vows to Spur Dialogue with Oil Market

Nobuo Tanaka, who will become the new head of the International Energy Agency in September, said Friday that the IEA under his leadership will boost dialogue with oil markets as part of its efforts to keep global oil prices in check. “There is a lot of unpredictability and geopolitical difficulties in the energy area. So […]

Unfazed by Oil Price Fall, OPEC Sits Tight for Now

Organization of Petroleum Exporting Countries’ officials, so far unfazed by this week’s sharp decline in global crude oil prices, say they will sit tight to see if the downward trend continues before discussing an emergency meeting or whether they need to deepen existing supply cuts. rigzone

Gauging The Demand

The hype is racing ahead of consumer appetite for alternative-fuel vehicles, industry experts say. Only a small fraction of the cars on the roads are hybrids and diesels, which get better fuel mileage than gasoline-only cars and burn cleaner than they used to. While such vehicles have distinct advantages, consumers for the most part seem […]

New Congress juices energy bills

U.S. lawmakers unveiled a raft of energy-related bills in the early hours of the 110th Congress aimed at boosting fuel ethanol use, extracting liquid fuels from coal and tightening automobile fuel efficiency rules. But instead of heaping all their ideas into a behemoth energy bill like they did in 2005, this year’s Congress looks poised […]

AES executive joins alternative energy group’s board

AES, one of the largest power companies in the world, is bringing its muscle to a national group that’s an advocate for alternative energy. Robert Hemphill, executive vice president of Arlington-based AES, will serve on the board of the Electric Drive Transportation Association, which represents organizations involved in battery, hybrid and fuel-cell technologies. yahoo

Interview with Paul Gipe, Wind Energy Pioneer

Paul Gipe has been involved with wind energy for 30 years. He has authored several books in the field, and was instrumental in the successful campaign for Ontario’s 2006 implementation of Advanced Renewable Tariffs to promote distributed renewable energy supply.Gipe The challenge I face is defeatism. Environmentalists and renewable advocates here in the States just […]

Korea does not hear sound of global warming alarm

It is the summer of 2057. Ten years have passed since the once-annual jangma (summer rains) ceased in Korea. The soil is dessicated, and regular heat waves cause strings of deaths among city dwellers. To make matters worse, the weatherman forecasts the onslaught of a colossal typhoon, more destructive than the 2005 hurricane Katrina. The […]

China’s Coal Future, Part II

The problem is that IGCC plants still cost about 10 percent to 20 percent more per megawatt than pulverized-coal-fired power plants. (And that’s without carbon dioxide capture.) China’s power producers–much like their counterparts in the United States and Europe–are waiting for a financial or political reason to make the switch. In part, what’s been missing […]

From a Collapsing Wall to a Pipeline

The unprecedented cooperation between Russia and China over the last few years is a waving red flag that could signal future complications for the U.S. When the Berlin wall fell in 1989, it was only two short years until the Soviet Union collapsed under pressure from the West. Its economy suffered extreme hardships, falling into […]

Rise in Ethanol Raises Concerns About Corn as a Food

CHICAGO, Jan. 4 The Earth Policy Institute says that 79 ethanol plants are under construction, which would more than double ethanol production capacity to 11 billion gallons by 2008. Yet late last month, the Renewable Fuels Association said there were 62 plants under construction. The lower tally has led to an underestimate of the grain […]

Polar bears & business flares

SANTA MONICA, Calif. (MarketWatch) — Polar bears may be put on the endangered species list because of global warming. What else may become extinct? How about oil, water, trees, fish and food? The way in which we buy and consume — create our economy — is going to have to change; we are running out […]

Oil and tensions bubble beneath the surface

…”The production of natural resources is liable to give rise to various types of political frustrations within a country.” That is the view of such leading economists as Jeffrey D. Sachs, and Nobel Prize winner Joseph E. Stiglitz, writing in the introduction to ‘Escaping the Resource Curse’ a book to be released by Columbia University […]

Oil Group Blasts US Democrats’ Tax Agenda

U.S. House Democrats’ plan to snatch back billions of dollars worth of tax incentives from Big Oil will reduce domestic production and make the nation more dependent on foreign oil, industry officials say. The oil industry has been put on the defensive as Democrats plow forward with a plan to swiftly approve an energy bill […]

A year of weird, warm weather across eastern Arctic

Higher than normal temperatures continued into October. In Iqaluit, temperatures reached 6.8 C on Oct. 15, and 6.9 C on Oct. 16, which also broke records that day. On Oct. 17, Grise Fiord

A further comment on “That’s Oil, folks . . .”

…The rising production of the growingly-expensive alternate fuel, ethanol, would suggest, at least to some, that this is more than a theory, and the growing inability of some of the poorer nations to provide adequate power to their people would underline that suggestion. The demand destruction that lowers demand and thereby stretches supply is already […]

DISTILLERY DEMAND FOR GRAIN TO FUEL CARS VASTLY UNDERSTATED

World May Be Facing Highest Grain Prices in History by Lester R. Brown Investment in fuel ethanol distilleries has soared since the late-2005 oil price hikes, but data collection in this fast-changing sector has fallen behind. Because of inadequate data collection on the number of new plants under construction, the quantity of grain that will […]

World’s Largest Gas Pipeline Proposed to Run Through Amazon

Plans to build the world’s largest natural gas pipeline through 5,000 miles (8,047 kilometers) of South American wilderness are prompting warnings of environmental calamity. Known as Gasoducto del Sur, or Southern Gas Pipeline, the proposed 21-billion-dollar (U.S.) structure would connect Venezuela’s rich natural gas fields to Argentine markets. But to do this the pipeline would […]

Oil Scene

Another year has whizzed by and what an exceptional year it has been! With bulls reigning, crude prices registered extreme fluctuations of almost $20 a barrel during the year but oil producers had little concerns. Output quota constraints were minimal, rather nonexisting. Firm markets, with prices scaling previously untouched heights, though still behind the absolute […]

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