To Fuel Russia’s Growth, Gazprom Turns to Coal

On Tuesday February 13, University of Houston Professor Michael J. Economides released a report claiming that Russia faces a huge shortfall between natural gas supply and demand in the next three years. Prof. Economides certainly timed the release of his report well, as hundreds of the world’s most influential energy executives (including Gazprom Deputy Chairman […]

Global Warming: It’s All About Energy

by Michael T. KlareFinally, after years of effort by dedicated scientists and activists like Al Gore, the issue of global warming has begun to receive the international attention it desperately needs. The publication on February 2 of the most recent report by the Intergovernmental Panel on Climate Change (IPCC), providing the most persuasive evidence to […]

UK: Nuclear debate needs fresh source of energy

Tony Blair has had nearly 10 years to face up to the growing threat from climate change and the inevitable consequences for how we power and light our homes, work and public spaces in future. Our existing stock of nuclear stations, still generating a fifth of all the UK’s electricity needs, is well into middle […]

Chinese oil companies to set up reserves

China may ask state-owned energy companies to establish oil reserves as a supplement to a national reserve being set up as the Asian giant struggles to fuel future growth, state media said on Thursday. The requirement is expected to be included in a new Energy Law which could be reviewed by the State Council, or […]

EU Nearer to Common Energy Policy After Summit Breakthrough

The 27 EU nations on Thursday moved towards a common energy policy, agreeing on cleaner fuel targets while watering down a proposal to force the break up of the sector into production and distribution operators. dw-world

Big Oil frets over rising costs, tough access

Surging oil prices have brought energy companies record profits in recent years. But the boom has also pushed up the cost of doing business and emboldened oil-producing nations to restrict access to their reserves. reuters

Oil price tipped to take a tumble

OIL will drop more than 30 per cent to $US40 a barrel in March and may drop to $US30 as rising prices for storing crude lead to a “breaking point” that forces speculators to sell, according to investment bank Sanford C. Bernstein & Co. Oil will slide because greater investment in commodity futures has driven […]

Ex-oil minister dis on Iraq oil

Former Iraq Oil Minister Issam Al-Chalabi paints a bleak picture for the future of Iraq`s oil industry, panning the result of the U.S.-led war, its insistence on passing an oil law, and the situation aboveground hampering development of the resources below it. monstersandcritics

Exxon adds to oil and gas reserves

Exxon Mobil Corp. on Thursday said in 2006 its proved reserves grew by 1.95 billion oil-equivalent barrels, or 22 percent more than it produced during the year. Its total proved reserves are now 22.7 billion barrels of oil equivalent, or enough to last more than 14 years based on current production rates. businessweek

Bodman: All Nations Should Open Energy Markets

U.S. Energy Secretary Samuel Bodman on Wednesday called for all nations to embrace a “new paradigm of energy security” that must include open markets for energy trading and investment. “History has shown that an unfettered market is the most effective and efficient way to determine price and allocate resources based on supply and demand,” he […]

Maersk Inks Deepwater Gulf of Mexico Exploration Deal with ExxonMobil

Maersk Oil Gulf of Mexico Two LLC (Maersk Oil), a subsidiary of Maersk Oil America Inc., owned by Maersk Inc., has signed a joint venture agreement with Exxon Mobil Corporation under which Maersk Oil has acquired a 50% share in ExxonMobil’s interests in 37 leases in the central Gulf of Mexico. The leases cover a […]

OPEC Cuts Non-Member Supply Forecast on Mexico, U.S.

OPEC, the producer of 40 percent of the world’s oil, cut its forecast for 2007 supply from non- members mainly because of delays at North American projects and left its world demand estimate “broadly unchanged.” bloomberg

Water found under Antarctic ice to raise sea level forecasts

Scientists have detected a network of lakes and rivers of rapidly moving water under the thick ice sheet of West Antarctica, a discovery that will force a revision of predictions of global sea levels as the sheet melts due to climate change. More than 145 isolated lakes have been previously reported to exist under the […]

GM Saab to Introduce BioPower 100 Concept in Geneva

GM greencarcongress

2007 Daily oil demand: 1000 Barrel a second

PARIS, Feb. 14–The International Energy Agency predicted Tuesday that global demand for crude oil would continue to increase this year by about 1.8 percent, Xinhua reported. Daily oil demand in 2007 would grow to 86 million barrels from the estimated 84.5 million barrels of 2006, the agency said in its monthly oil market report. The […]

Venezuela to beef up security after al Qaeda threat

CARACAS, Venezuela (Reuters) — Venezuela’s defense minister said Thursday that the nation would reinforce security measures after a branch of al Qaeda called for attacks on suppliers of oil to the United States. Venezuela provides around 11 percent of U.S. oil imports despite diplomatic tensions between Caracas and Washington over leftist President Hugo Chavez’s self-styled […]

Big Oil sees big risks as it places big bets

At industry conference, even biofuels attract a following …Now, after its most profitable year on record, the oil industry faces some new risks

Arcelor Mittal to Build Saudi Steel Mill

Arcelor SA and Mittal Steel Co., currently joining to become the world’s largest steel producer, said Thursday they would build a steel mill in Saudi Arabia to supply the oil industry. The companies said they would hold 51 percent of a joint venture with the Bin Jarallah group to construct a seamless tube plant in […]

India: Greenbody asks government to increase tax on cars

Warning that the unchecked growth of cars are contributing heavily towards energy and environment insecurity, Centre for Science and Environment (CSE) Thursday said India must increase taxes on all cars. ‘India is in the grip of an impending energy crisis as we are consuming more oil than ever before and the growing transport sector is […]

Feinstein Eyes Budget Process to Recoup Royalties

Sen. Dianne Feinstein (D-Calif.) wants to attach language to the Interior Departments’s fiscal 2008 spending bill that would help the federal government recoup almost $10 billion in oil and natural gas lease royalties. At issue are leases the Interior Department’s Minerals Management Service issued in 1998 and 1999 to companies drilling for oil and gas […]

Richard Bell: Stern Stern on Climate Change at Senate Hearing

Climate report author Sir Nicholas Stern lays down the law at a U.S. Senate hearing: the costs of inaction on climate change will be far higher than the costs of acting today. No more excuses.Today was another climate change trifecta at the U.S. Congress, with one hearing in the House on

Exxon Chief Cautions Against Rapid Action to Cut Carbon Emissions

HOUSTON, Feb. 13 But in the same speech, Mr. Tillerson, who leads the world

Russia Draws the Lines

Cease-fire line, battle line or pipeline? With the Russian presence in Georgia’s breakaway regions, lines are blurred. Following the dissolution of the Soviet Union, the Republic of Georgia became mired in separatist violence in two major regions along its Russian border: South Ossetia and Abkhazia. After a few years of Kashmir-style valley skirmishes and burning […]

Deconstructing Dinner: Agri-Business Exposed I (Cargill Part I)

The Agri-Business Exposed Series on Deconstructing Dinner will explore the major agricultural companies whose names are rarely heard by the eating public. Part I and II of the series will take a look at agricultural giant Cargill. It is fitting to launch this series by exploring the most influential and powerful agri-business in the world; […]

Belarus raises Russian oil transit fee more than 30%

MOSCOW, February 15 (RIA Novosti) – Belarus will increase rates for the transit of Russian crude through its domestic pipeline network by more than 30% on average starting from February 15, the republican economics ministry said Thursday. Belarusian pipeline operator Gomeltransneft Druzhba said it will raise tariffs by 35%, to $3.50 per metric ton of […]

Demand grows, but data centers don’t hog power

Net uses barely over 1 percent of U.S. electricity, study says Data centers are sucking up more electricity as more people and organizations log on to the Internet. But there’s been some disagreement over how power-hungry the servers running the nation’s network are. Take the previously accepted belief — now dismissed as inaccurate — that […]

The Cinderella Plant: Green Energy From Africa

Jatropha Circas is the Cinderella of the plant world. Throw a seed in the poorest soil on the planet, and up comes a bush that will likely last 50 years. During a drought, jatropha bushes simply drop their leaves and keep pumping out seedpods. Livestock won’t eat it, pests don’t appear to like it. For […]

Saudi Arabia on Track for 12-14M B/D Capacity Post 2009

NEW YORK – Saudi Arabia will expand its oil production capacity after 2009 to between 12 and 14 million barrels a day, though the exact number is still uncertain, a senior executive at Saudi Arabia’s state oil company said Wednesday. At a major energy industry conference here, Nansen Saleri, manager of reservoir management at Saudi […]

Corn-based ethanol has fish, wildlife officials worried

This is sobering news for conservationists (or it should be). Corn-based ethanol is marketed as a cleaner burning fuel than gasoline, but most policymakers have yet to raise any questions about what its production means to other aspects of the environment. Like lost wildlife habitat. Like the consequences of more field erosion — commonplace with […]

NZ: Biofuel target is only a beginning

Whether the latter is due to pragmatism or realism is not yet so clear, and it is too early to tell which pedal will have the most pressure applied to it. However, it is obvious that Miss Clark’s “aspirational” vision of New Zealand leading the world towards carbon-neutrality will not be achieved without a significant […]

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