Saudi Aramco hikes March crude prices sharply

Nicosia – Saudi Aramco sharply raised all crude oil grade prices for March deliveries to the United States by up to 2.30 dollars a barrel and to Europe by up to 1.45 dollars a barrel and increased the price formula for most grades destined to Asia, the Middle East Economic Survey reported Monday. The Cyprus-based […]

Panelists at Summit Meeting Debate Oil, Environmental Issues

…Journalist Paul Roberts, author of The End of Oil: On the Edge of a Perilous New World, spoke at the conference concerning these issues. He said the public is well aware global warming exists, but the problem According to Roberts, issues associated with the slowly, but surely, diminishing supply of global oil reserves are of […]

Green movement grows in area suburbs

From composting to computer disposal, cities embrace options … But author James Howard Kunstler, a critic of suburban development, said the eco-friendly push has come much too late to communities built on subdivisions and strip malls. “The horse is really out of the barn on this one,” Mr. Kunstler said. “The problem is the development […]

Russia, Saudi Arabia energy partners, not rivals – Putin

ER-RIYADH, February 12 (RIA Novosti) – Russia’s president said on the second day of his landmark visit to Saudi Arabia that the two countries, the world’s top oil producers, were partners rather than rivals in the energy sector. Vladimir Putin’s two-day visit to Saudi Arabia, which has substantial clout in Islamic countries, is significant because […]

New Zealand: Drawing a blank on housing

…Such lifestyle trends are helping shape the market. It’s a familiar story by now: people are supposedly busier than ever; they don’t want to lose their weekends to mowing lawns and painting weatherboards. They like to eat out. Peak oil has sharpened their interest in living closer to town. The boom has coincided, happily, with […]

Coin in the fuse box

It used to be that frustrated homeowners who were sick of frequently blown fuses would sometimes play tricks on their electrical system by shoving a coin into the socket where a fuse goes. Of course, pennies were actually made of copper back then; they conducted electricity just fine while not melting the way that pesky […]

A million motorists embarrass road price ministers

The Government is to press ahead with preparations for nationwide congestion charging despite the millionth signature on a petition opposing the idea. An experiment in internet democracy, in which people were invited to place petitions on the No 10 website and vote for them by e-mail, has embarrassed ministers. The petition calling on the Government

Oil future raises burning questions

At the height of last year’s debate on oil prices, which led to governments increasing billion-dollar subsidies on LPG conversions for cars, a senate inquiry was launched into Australia’s oil supply and the prospects for alternatives. The inquiry was prompted by a question posed by the Greens: whether Australia should be concerned about “peak oil”, […]

Record High Oil & Gas Project Costs Expected for

HOUSTON–(BUSINESS WIRE)–The costs of major oil and gas production projects have risen more than 53% in the past two years, and no significant slowing is in sight, according to a new benchmark index developed by IHS and Cambridge Energy Research Associates (CERA). The IHS/CERA Upstream Capital Costs Index (UCCI), which tracks nine key cost areas […]

Massive Off-Shore Wind Turbines Safe for Birds

Infrared monitoring shows that savvy seabirds steer clear of wind turbines.Uncertainty surrounding wind power’s impact on wildlife–particularly the potential for deadly collisions between birds and turbines–has tarnished its image and even delayed some wind farms. Indeed, the first large offshore wind farm proposed for U.S. waters–the Cape Wind project in Massachusetts’s Nantucket Sound–has been held […]

Uganda: Giving Free Bulbs Starts Feb 20

The government will give three free energy saver bulbs to everyone of Umeme’s domestic customers starting on February 20. Speaking at a press briefing in Kampala on February 9, Energy State Minister Simon D’ujanga said to receive these lamps one would have to first handover three of the incandescent bulbs, which the government intends to […]

Japanese nuclear power steams ahead

Japan’s New National Energy Strategy calling for increased use of nuclear power to generate electricity and, more controversially, the need to extract plutonium from spent nuclear fuel for future use to power reactors has run into trouble because of repeated accidents and mishaps at various plants. So it was considered something of a victory for […]

Merkel Eyes Renewables, Mideast for Energy Plans

German Chancellor Angela Merkel has made security of EU energy supplies a top priority for Germany’s EU presidency and analysts say she wants to focus on alternative energy sources and stabilising the Middle East.According to Hajo Funke, a professor of political science at Berlin’s Free University, the German government’s idea of diversification of energy supplies […]

Coal ban would crush Australian economy: minister

Calling a halt to coal exports would push Australia’s economy backwards, federal Resources Minister Ian Macfarlane has said. Mr Macfarlane joined John Howard today in defending the nation’s black coal industry against what the Prime Minister has called “knee-jerk reactions” to climate change. Mr Howard slammed the Australian Greens over a proposal by its leader […]

With biofuels, consider: Who suffers? Who benefits?

Biofuels, derived from everything from corn to French-fry grease, are being widely touted in corporate advertisements, news stories and recently in the president’s State of the Union address as a silver-bullet solution to global warming, the savior of depressed rural economies and the key to reducing our dependence on foreign oil. The apparent free lunch […]

A Software Patch Could Increase Gas Mileage

People who drive gasoline-powered vehicles may be get better gas mileage soon enough. Sadly, it is not because gas prices are dropping. It is because of the possibility that a small software patch may provide. Engadget is reporting that Ford Motor Company and University of Eindhoven student John Kessels have invented a software patch that […]

Russia warns BP it may lose Siberian gas licence

Russian joint venture TNK-BP, which is 50 per cent owned by BP, has been told it is in violation of its agreement to develop Kovykta, its vast east Siberian gasfield. The move is the latest sign of Russia’s tightening grip on its energy resources. The natural resources ministry gave TNK-BP three months to fix the […]

Global Wind Energy Markets Continue to Boom in 2006

around the world exceeded expectations in 2006, with the sector experiencing yet another record year. On the day of the publication of the 4th Assessment Report on Climate Change by the IPCC, the Global Wind Energy Council (GWEC) released its annual figures for 2006. These figures, which include wind energy developments in more than 70 […]

EU Grasps at Central Asia for Energy

The European Union anticipates opening four new embassies in Central Asia by 2008 in order to further its influence in the energy-rich region. However, considering the competition Europe faces from the Russians, Chinese and Americans, it appears the EU will have to up the ante if it really wants to become a major Central Asian […]

Alternative Approaches

Countries in Europe that have led in renewable adoption, including Denmark, Germany and Spain, have pursued unabashedly interventionist programs that require utility companies to buy electricity generated by clean energies at a premium price set by the government. This policy, known as “feed-in tariffs,” pushes the extra cost onto consumers in the form of higher […]

U.S. Energy Experts Announce Way to Freeze Global Warming

ASES collected the nine papers together and added an overview of the studies to create the report. It covers energy efficiency in buildings, transportation, and industry, as well as six renewable energy technologies: concentrating solar power, photovoltaics, wind power, biomass, biofuels, and geothermal power. The results indicate that these technologies can displace approximately 1.2 billion […]

Report outlines energy scenarios for the future

In Dawn of a New Age, a detailed report compiled by dozens of researchers from nearly 70 companies and organizations, CERA presents three scenarios depicting paths the global economy and energy markets could follow over the next 25 years. The report, completed last year, is the prism through which much of the firm’s work is […]

Oil and War

But that won’t work any more. The era of happy motoring will soon end no matter how deeply we stick our heads in the sand. We cannot continue to use oil as we have been. Everything points to a peak within the decade. The only question is how it will end. One way is to […]

OPEC official hints at stable oil policy

The world oil market is in “much, much better health and balance” now and if trends hold there will be no need for further production cuts or increases in supply when members of the Organization of Petroleum Exporting Countries meet next month, Saudi Arabia’s Oil Minister Ali al-Naimi said Sunday. thestandard

Global warming debate heats up in Washington

Global politicians and business leaders aim to turn the unfertile territory of Washington into a hotbed of action against climate change this week. yahoo

Iran and Russia Learn to Dance the Natural Gas Contango

Anyone who knows the history of OPEC, as described in my book, Over a Barrel, knows that the cartel was a disorganized, squabbling bunch of oil producers that grew in fits and starts until the day it finally coalesced together. Since then, OPEC has robbed consumers of some $7 trillion. Meanwhile, President Bush mentions our […]

Is Iran

If Iran tried to block the Straits and Hormuz and bomb oil fields throughout the Gulf, the results could be disastrous for the Arab countries, for the west, but most of all for Iran itself, and it is not at all clear that Iran would be prepared to risk total destruction. But since such a […]

High energy

Some of this might be due to investment demand for commodities, which is usually channelled via the futures markets; but the bulk of this money is placed into contracts of less than 12 months economist

Significant cut in gasoline use is decades away: automakers

It will be decades before the world will see a significant cut in global automotive gasoline consumption, automakers and analysts said. yahoo

The Oil Drum Eur: IPCC Summary and Fossil Fuel

The IPCC’s Summary for Policy Makers suggests we can afford carbon emissions of approximately 490 billion tonnes to 2100 and keep atmosphere CO2 concentration below 450ppm. How much carbon is available in fossil fuel resources? Well, oil and gas reserves total barely half that allowance.The Oil Drum Europel

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