Al-Qaida threatens Canada’s oil facilities

Al-Qaida has called for terrorist strikes against Canadian oil and natural gas facilities to “choke the U.S. economy.” An online message, posted Thursday by a the Al-Qaida Organization in the Arabian Peninsula, declares “we should strike petroleum interests in all areas which supply the United States like Canada,” the No. 1 exporter of oil and […]

Russia: A Critical Evaluation of its Natural Gas Resources

The dissolution of the Soviet Union in 1991 and its replacement by the Commonwealth of Independent States (CIS), prominent among which was the Russian Federation, was a welcome event around the world. However, the subsequent development of Russian resources – particularly natural gas – has been disappointing. And the future of the Russian gas sector […]

Madrid Temperature Could Top 50 Celsius by 2100

Summer temperatures in Madrid could soar to 50 degrees Celsius (122 Fahrenheit) by the end of this century if global warming continues unchecked, an Environment Ministry report said on Tuesday. Rainfall in southern Spain, large areas of which are already at risk of desertification, could fall by as much as 40 percent. The ministry wants […]

Brazil conference sees biofuel demand as unsustainable

Loek Boonekamp, head of the OECDBoonekamp feels that biofuel production will be damaging to the animal feed and meat industries. Even if the oil price fell to the point that it was no longer economic to make biofuels from grains or oilseeds, which stands at about US$90 per barrel in the EU (US$60 in the […]

India on the front line in energy war

Energy cooperation among Russia, Iran and India has a much wider backdrop than business opportunities. Energy security, inevitably, is a subject where politics mixes with economics. India is keenly watching the tectonic shifts in the Eurasian gas market. Iran has proven gas reserves of about 28 trillion cubic meters, while its gas output increases by […]

Coal can’t be clean – Flannery

Australian of the Year and leading scientist Dr Tim Flannery has questioned the viability of clean coal technology, saying it may be made redundant by cheaper and greener energy resources. Dr Flannery today told the Australian Workers Union (AWU) biannual meeting on the Gold Coast there was a need to switch to low emission energy […]

Possible energy crisis threatens Namibia

Namibian President Hifikepunye Pohamba has urged the country’s parliament to pass the Electricity Bill before it without further delay in order to avert an “impending (energy) crisis”. Opening the Fifth session of the Fourth parliament on Tuesday, he said Namibia was in a “dire situation” and must act swiftly to avoid a looming energy crisis.Namibia […]

Lithuania Pushes Plan To Outrun Russia Energy Blockade

In a scene reminiscent of the Berlin Airlift during the Cold War, Lithuania’s president said Tuesday he is working on a plan to circumvent Russia’s energy hold on Eastern Europe by opening its ports for oil transports from elsewhere. Lithuania, Belarus and Ukraine were “looking at alternative routes” using sea transport of energy supplies through […]

British Energy calls for partners to build new wave of nuclear plants

British Energy called yesterday for partners to help build a new generation of nuclear plants by 2016, fuelling expectations that the government will give the final go-ahead within weeks for more atomic power. Sizewell in Suffolk and Hinkley Point in Somerset are being promoted by British Energy as the best potential sites for building new […]

Oil has peaked, but where’s the data? Simmons asks

Energy investment banker Matthew Simmons, chairman of Houston-based investment banking firm Simmons & Co. International, has argued world crude oil supply probably peaked in 2005. Simmons said it was not just national oil companies, but also oil majors, including ExxonMobil, BP and Royal Dutch Shell, who should be providing precise data to establish the health […]

China coal producers cut exports

Chinese producers have cut thermal coal shipments to South Korean and Japanese power utilities on tight supply and high domestic prices, a move likely to spur price gains in an already tight Asian market. The news follows data Monday showing Chinese coal exports fell by nearly half in January from the previous month, raising fears […]

Canada: Increasing oil sands production

Over the next 10 years, oil production from Canadian oil sands is expected to just about double to nearly 3 million barrels per day.Sustained investment and continuing advances in technology are indicators of exponential growth in the market, said Jeff Collins, director of exploration and production strategies for Cambridge Energy Research Associates, at CERA Week […]

Chevron CEO calls for U.S. to triple ethanol use

Chevron Corp.’s (CVX.N: Quote, Profile, Research) top executive called on Tuesday for the United States to triple the amount of ethanol it uses for transportation in the next decade, a target short of President George W. Bush’s own plan to boost use of the biofuel. reuters

IEA Increases Forecast for Growth in Global Oil Demand in 2007

In its monthly Oil Market Report published today, the International Energy Agency (IEA) said that global oil demand in 2007 will increase at almost double last year greencarcongress

Exxon Mobil’s Tillerson says focus is on meeting global demand for oil and gas

Exxon Mobil Corp.’s CEO says the world’s largest publicly traded petroleum company is not in any hurry to find alternatives to oil and gas. If anything, the company must scramble to keep up with rising global demand for fossil fuels. Chief Executive Rex Tillerson said Tuesday that the company is spending the bulk of its […]

Solar Power Breakthrough: IAUS Hits Milestone Previously Thought to Be Impossibl

International Automated Systems, Inc. (OTCBB: IAUS – News) announced today that it has successfully finished its first high-volume run of its new breakthrough solar panels. Nearly 1,000 Kilowatts of IAUS’s solar panels were manufactured in a short 24-hour run. On a 24/7 operating schedule, an estimated 350 Megawatts of IAUS panels can be produced annually. […]

Spinning Straw into Black Gold

Every oil company likes to claim it’s really in the energy business. But at Chevron, chief technology officer Don Paul is seriously thinking about the day the petroleum wells run dry. The first way we’ll cope, he says, is by extracting usable fuel out of tar sands, oil shale, and coal. But fossil fuels are […]

New Technology Makes Biofuel From Any Renewable Oil

Diversified Energy Corp., an alternative and renewable energy company, announced Tuesday an exclusive licensing agreement with North Carolina State University for Centia, a manufacturing

Jay Hanson: On Human Nature, Energy, and Collapse

And I looked, and behold peak oil: and his name that sat on him was Death, and Hell followed with him. And power was given unto them over the fourth part of the earth, to kill with sword, and with hunger, and with death, and with the beasts of the earth. If you were born […]

Exxon Mobil CEO: Oil could be much cheaper

Says that oil would be between $40 and $45 a barrel if risk of disruption were less; also says governments should address climate change. HOUSTON (Reuters) — U.S. crude prices would be between $40 and $45 a barrel if risks of supply disruption were not in the market right now, Exxon Mobil Chief Executive Rex […]

Oil prices prove to be a tricky economy indicator

Cause and effect can be difficult to understand in financial markets. Kevin Armstrong, chief investment officer for the ANZ Bank and National Bank, considers, for example, oil and commodity prices. A little less than a year and a half ago, with the price of oil hitting new highs of $US70 a barrel, I wrote an […]

Activist: Oil crisis requires drastic changes in Madison

Local activist Jan Sweet envisions a city without cars, or at least a compromise – a hybrid city, which would function like a hybrid car and conserve oil. “We want people to slow down and spend more time walking, biking and relaxing,” Sweet said. Sweet, who has a degree in architecture and urban planning from […]

Cypriot Pres: Lebanon, Egypt Oil Exploration Deals to Go Ahead

The president of Cyprus said in a newspaper interview published Sunday that he has received assurances from Egypt and Lebanon that they will go ahead with oil and gas exploration deals with the island despite threats from Turkey. Cyprus signed a deal with Lebanon last month to mark out their undersea border to facilitate future […]

In Congress, a shift over fuel economy

Lawmakers who have opposed stricter emissions standards find themselves pressured to combat climate change. WASHINGTON “I’m trying to protect my state,” said Stevens, who recently called climate change “more apparent in Alaska than anywhere else.” The 83-year-old senator’s change of heart illustrates how the landscape has shifted in Congress, and could signal a turning point […]

Canada sets 1.28 billion dollars to fight climate change

OTTAWA (AFP) – Canada’s Prime Minister Stephen Harper announced a fund worth 1.5 billion dollars (1.28 billion US) to fight climate change through various domestic efforts. The money will be contained in his Conservative government’s upcoming budget, and distributed to provincial governments to use to stem carbon emissions linked to global warming, Harper said at […]

World oil demand growing

The International Energy Agency has raised its forecast for 2007 world oil demand growth, following revisions to its outlook for China, and told Opec that any further supply cuts could markedly tighten the market. The agency that advises 26 industrialised nations said oil stocks held by its members fell by 40.2 million barrels in December, […]

$3 gas may be coming back

Experts say California’s in for a price increase because of rising crude costs, declining supply and time of year. Gas prices are creeping up and are nowhere near the top, experts said Monday. “The next month or so, you can expect prices to go up as you head into the spring driving season,” said analyst […]

Habitat Matters: ‘Walkable’ Communities May Make Elders Healthier

Some of a neighborhood’s features — the length of its blocks, how many grocery stores or restaurants are nearby — may be more than selling points for real estate agents. A new study suggests such factors may work to beat back obesity in older people by increasing a neighborhood’s “walkability.”The findings by University of Washington […]

Is the Deadly Crash of Our Civilization Inevitable?

An interview with author Thomas Homer-Dixon about the social, political, economic and technological crises we face and how long we can sustain the lifestyle that brought them about. …Once you’ve passed peak production in a field or a region, the decline can be quite rapid. The major oil field in Oman and a lot of […]

Oil’s Geopolitical Price

When it comes to the price of oil lately, one thing is for certain-it’s been volatile. Bouncing off its recent lows at the $50 dollar mark, oil has since exploded to the upside, reaching and briefly surpassing the key technical level of $60 on Friday. Continued frigid weather, a U.S. oil field closure, recurring Nigerian […]

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