World’s largest oil firm chief touts research to make fossil fuels ‘cleaner’

While oil demand is expected to rise from 85 million barrels a day to 120 million barrels a day by 2030, Jum’ah said global oil reserves are plentiful. Between proven reserves and expected new fields, there should be enough oil to provide 140 years’ supply at today’s consumption rates. Jum’ah said that proven conventional oil […]

It’s your world: ‘Home power’ key to future

But with an efficient electrolyser you can produce and store hydrogen when the wind is available and use it to generate electricity or power conventional combustion engines when it’s not. ITM chief executive Jim Heathcote says until now one of the major concerns about the viability of the hydrogen economy has been the need to […]

Oil May Rise to $71.50 as Output Trails Demand, Goldman Says

Crude-oil prices may rise as high as $71.50 a barrel this year because investment by oil companies to boost output is lagging behind demand, said James Gutman, an economist at Goldman Sachs Group Inc. bloomberg

The Iran Option That Isn’t on the Table

As Iran crosses successive nuclear demarcations and mischievously intervenes in Iraq, the question of how to address the Islamic republic is once more preoccupying Washington. Economic sanctions, international ostracism, military strikes and even support for hopeless exiles are all contemplated with vigor and seriousness. One option, however, is rarely assessed: engagement as a means of […]

Study: Saline Aquifers Can Provide Safe Storage for CO2

A new analysis by a team led by MIT has concluded that carbon dioxide injected into deep saline aquifers can be trapped as tiny bubbles and safely stored in the briny porous rock for centuries. The carbon dioxide eventually will dissolve in the brine and a fraction will adhere to the rock in the form […]

Bartlett addresss House on reducing fossil fuels

Mr. BARTLETT of Maryland. Madam Speaker, there are three different groups in our country and indeed worldwide at least for some of these issues that have common cause in campaigning for a reduction in the use of fossil fuels. These three groups come from very different perspectives, but as you will see from our discussions […]

What are the major obstacles for sustainable energy?

According to the scientists, the key issues requiring big boosts in research efforts include: newscientist newscientist

Experts foresee efficient ethanol production

In recent days, two MIT chemical engineering professors have weighed in on ethanol’s potential — Professor Gregory Stephanopoulos, in a Feb. 9 article for Science, and Assistant Professor Kristala Jones Prather, who testified during a Senate hearing on biofuels Feb. 1. “The technology to produce cellulosic ethanol is not there yet,” he said. However, he […]

Billions lost in Kyoto carbon trade loophole

Billions of dollars are being wasted in the international carbon trading system owing to a loophole in the Kyoto protocol, according to a study to be published on Thursday in the journal Nature. The Financial Times revealed last month that a few Chinese factories and carbon traders were making large profits by exploiting the regulations […]

Occidental declares force majeure at Calif. field

NEW YORK, Feb 8 (Reuters) – Independent oil and gas producer Occidental Petroleum Corp. has declared force majeure on oil and gas supplies from its Elk Hills, California, field after a fire Tuesday, a company spokesman said Thursday. “We have 95 percent of output shut in so it would be logical for us to declare […]

Hybrids become more of a tough sell

Automakers are adding inducements to help sell some gas-electric hybrid models Starting this month for the first time ever nationally, Prius buyers can get 0% financing for two years or lease payments as low as $219 a month, says Toyota spokesman Bill Kwong. Until late last year, the model had been in chronic short supply. […]

To Reach for the Moon

China’s lunar program is about more than national pride. Try this: a limitless supply of clean, safe energy. …National pride is a big force behind China’s moon program, but not the only one. The Chinese are aiming to do more than “just set up a flag or pick up a piece of rock,” says Ye […]

Methane Bubbling Through Seafloor Creates Undersea Hills

According to a recent paper published by MBARI geologists and their colleagues, methane gas bubbling through seafloor sediments has created hundreds of low hills on the floor of the Arctic Ocean. These enigmatic features, which can grow up to 40 meters (130 feet) tall and several hundred meters across, have puzzled scientists ever since they […]

Super-Sizing While The Earth Burns

Emperor Nero Claudius Caesar Drusus Germanicus is alleged to have played his fiddle while Rome burned to the ground. Nero did watch Rome burn on the hot night of July 18, 64 B.C. But he didn’t fiddle – at least not with a violin – because the instrument had yet to be invented. This apocryphal […]

Green steel made from tropical biomass – European project

Not only is steel making one of the world’s largest industries, it is also one of the most energy and carbon intensive ones. Per ton of steel produced, some 2 to 3 barrels of oil equivalent energy are needed, and 1 to 1.5 tons of CO2 are released into the atmosphere. […] Now Europe too […]

Dale Allen Pfeiffer: The Dirty Truth About Biofuels

The net energy value of biodiesel and ethanol is very hotly debated. There are many net energy studies of biofuels, particularly ethanol, which give a wide range of values. The main problem is that net energy studies are easily influenced by biases. The researcher must choose the energy inputs and outputs and the values to […]

Norway Falls to Fifth Place Among World Oil Exporters

Feb. 8 (Bloomberg) — Norway dropped to fifth place among the world’s crude oil exporters last year as the nation’s North Sea production declined, the Norwegian energy ministry said. The United Arab Emirates replaced Norway as the world’s third-largest exporter after Saudi Arabia and Russia, Sissel Edvardsen, a spokeswoman for the ministry, said today in […]

Norway January Oil Output Falls to 2.419 Million Barrels a Day

Feb. 7 (Bloomberg) — Norway pumped about 2.419 million barrels of crude oil a day in January, falling 1.2 percent from the month before, according to preliminary figures from the Norwegian Petroleum Directorate. Oil output was 2.448 million barrels a day in December, the directorate, which oversees the nation’s oil industry, said on its Web […]

The US Dollar will Crash during 2007 due to $8.6 trillion debt

…As long as foreign lenders are willing to take our paper, Bush will keep expanding our debt. As Chalmers Johnson opined, Economic justice and equitable distribution of wealth begin with greater parity among the currencies. That requires

Global Warming and Hot Air

You could be excused for thinking that we’ll soon do something serious about global warming. Last Friday, the Intergovernmental Panel on Climate Change (IPCC) — an international group of scientists — concluded that, to a 90 percent probability, human activity is warming the Earth. Earlier, Democratic congressional leaders made global warming legislation a top priority; […]

U.S. cuts emissions better than Europe: White House

WASHINGTON (Reuters) – The White House said on Wednesday the United States had done better at reducing carbon emissions than Europe, where U.S. President George W. Bush’s stance on global warming has been sharply criticized. The Bush administration has taken steps that “demonstrate real seriousness, not simply giving the speeches, but walking the walk,” White […]

Gore: Nations must take lead in warming

MADRID, Spain – Emerging economies such as China are justified in holding back on fighting greenhouse gas emissions until richer polluters like the United States do more to solve the problem, former Vice President Al Gore said Wednesday. The world’s top climate scientists warned in a report last week that global warming was very likely […]

Gold Prices Rise as Gold Mining Output Drops

Gold prices rose 22% last year in Dollar terms. They’ve almost doubled for Sterling investors since 1999. So you might expect gold mining output to be rising in response. But no. Gold mining supplies fell by 2% last year… …Falling reserves replacement over the last 10 years “may result in gold supply shortages in the […]

Devon: To Drill Additional Jack Well in 2nd-Half ‘07

Devon Energy Corp. (DVN) plans to add between 350 million and 370 million barrels of oil equivalent in reserves from exploration activities during 2007, two-thirds more than its estimated production, company executives said Wednesday. “We’re targeting drillbit reserve additions of somewhere between 350 and 370 million barrels of oil equivalent,” said Chief Executive Larry Nichols […]

Same Story, Different Day

China has a rapacious hunger for nearly everything under the sun. Now the Waking Dragon is turning its head-and its wallet-towards Africa. President Hu Jintao is one of the most well-traveled men in the world, especially since he took the reins of China and its juggernaut economy in 2003. Amid the hobnobbing with leaders of […]

Venezuela ‘06 Foreign Oil Investment Plunges; Exploration Up

Foreign oil investment in Venezuela fell 55% in 2006 compared with the year-ago period, indicating that firms halted spending amid contract uncertainty. Figures included in President Hugo Chavez’s year-end message to Congress put foreign oil investment at 35 billion bolivars ($16.3 million) last year, down from VEB76 billion ($35 million) in 2005. Last year Venezuela […]

From Afghanistan to Iraq: Connecting the Dots with Oil

An in-depth look at the wars in Iraq and Afghanistan, the events leading up to them, and the players who made them possible. In the Caspian Basin and beneath the deserts of Iraq, as many as 783 billion barrels of oil are waiting to be pumped. Anyone controlling that much oil stands a good chance […]

Vegetarian Is the New Prius

Livestock destroy the environment, so fill your bowl with veggies instead of veal. President Herbert Hoover promised “a chicken in every pot and a car in every garage.” With warnings about global warming reaching feverish levels, many are having second thoughts about all those cars. It seems they should instead be worrying about the chickens. […]

Big guns, big oil collide in Nigeria

…They call themselves the Movement for the Emancipation of the Niger Delta, or MEND. They insist what they’re trying to do is mend what they say is the unequal distribution from the profits Nigeria gets from its oil bonanza. Nigeria is Africa’s largest oil producer. In 2005, it was the world’s sixth largest exporter of […]

European blowback for Asian biofuels

New European concerns about the adverse environmental impact associated with Southeast Asian-produced biofuels threatens to scupper the rapidly growing multibillion-dollar industry, just as big new production facilities and cultivation areas come onstream.Environmentalists say as much as 87% of Malaysia’s deforestation between 1985 and 2000 was caused by the expansion of oil-palm plantations. Malaysia has now […]

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