Special: The End of Oil – Part 1

The End of Oil – Part 1 is the first half of a special four-hour programming block exposing the facts and quickly approaching consequences of our dwindling world oil supply. The special features the highly-anticipated feature documentary Crude Impact, and the film Protecting the Heart of Everywhere by the Pachamama Alliance. The special will be […]

New EU Rules May Boost Diesel Hybrids, Fuel Cells

Alternative powertrains will look increasingly attractive if the European Commission, as expected, proposes rules on Wednesday to force carmakers to cut new cars’ CO2 emissions by nearly a fifth to an average of 130 grams per kilometre (g/km) by 2012. The proposals — part of EU efforts to fight climate change — are likely to […]

UN Doubts China Will Overtake US on Carbon by 2009

The International Energy Agency (IEA) has warned that China’s emissions of greenhouse gases could top the global list before 2010 if it does not change the way it fuels its double-digit annual economic growth. But Khalid Malik, head of the UN delegation in China, said that later data led him to expect that China would […]

Japan to Raise Elec Supply Target from Renewables

Japan should nearly treble the supply of electricity generated by renewable energy by 2014 from current levels to reduce use of fossil fuels, a government panel on energy policy said on Tuesday. The call, which comes amid growing pressure on governments to act against global warming, may force Japanese utilities to double related costs with […]

China blames the west for global warming

Rich industrialised nations must take the lead in cutting greenhouse gases since they bear the “unshirkable responsibility” for causing global warming, a Chinese official said on Tuesday. The comments by a foreign ministry spokeswoman underscore China’s determination not to allow international action on climate change to undermine its economic development.Rapid economic growth, a huge population […]

UK working towards global clean energy project: Blair

Britain wants to launch a major international clean energy project with other European countries, Japan and the United States in a drive to combat climate change, Prime Minister Tony Blair said on Tuesday. Blair said the project could focus on carbon capture and storage — where carbon dioxide produced from burning coal is buried under […]

Thai environmentalists halt public hearing on plans for nuclear energy

Angry environmentalists demanded Wednesday that the government halt a proposed plan to build Thailand’s first nuclear power plants, forcing the cancellation of a scheduled public hearing on the issue. “You build, we burn,” shouted some 200 protesters outside the Siam City hotel who insisted that the government’s 15-year draft energy plan — which includes a […]

Governments urged to take swift action on trade of biofuel

A coalition of civil society organizations on Tuesday urged governments to immediately suspend all subsidies and other forms of inequitable support for the import and export of biofuels. They called on the Parties to the Framework Convention on Climate Change, to introduce adaptive measures that will maintain and enhance the patterns of sustainability while avoiding […]

Foes rally against Peru oil drilling

Peru’s state-owned petroleum company, Perupetro, attended a giant trade show in Houston last week in hopes of attracting well-heeled foreign oil companies to buy prospecting rights in the country’s vast, still largely unexplored interior.But among the visitors to the company’s booth were leaders of remote Peruvian Indian groups, wearing traditional tribal regalia and adamantly opposed […]

Investing in Oil Sector Companies – Peak Oil

The era of cheap oil and natural gas is over and we’re in the middle of one of the most powerful bull market cycles of the 21st century. There are no major pockets of untapped “easy” oil left to be exploited. In other words, the easy and cheap-to-recover onshore oil fields are mature and, for […]

Putin: Russian economy must diversify

President Vladimir Putin told Russia’s most powerful business tycoons Tuesday that the economy suffers from an over-reliance on raw materials and called on corporations to move toward producing higher-value exports.Speaking at a Kremlin meeting with several of Russia’s wealthiest businessmen, Putin said unprocessed raw materials accounted for a rising share of exports, increasing from 80 […]

Saudi to boost fuel supply to US forces in Gulf

LONDON: Saudi Arabia has steeply raised the amount of its jet fuel earmarked for the United States military, which is expanding its presence in the Gulf, Middle East trading sources said. They said state oil company Saudi Aramco may have put aside upwards of a million tonnes of the aviation fuel for possible use by […]

The Fortunate Fifth

…The oil world seems to have learned how to get along with the prospect of war with Iran, which is to say that it is choosing to ignore it. The Bush surge in Iraq with the prospect of fresh and heavy fighting is old news. The news that Mexican production fell half a million barrels […]

Bush Budget: $168M to Begin SPR Capacity Expansion

U.S. President George W. Bush on Monday proposed to spend $168 million in his 2008 budget primarily for administrative costs relating to the expansion of the nation’s Strategic Petroleum Reserve from its current capacity of 727 million barrels to 1.5 billion barrels by 2027. As previously announced, the president separately proposed to authorize the filling […]

Saudi Aramco Signs Manifa Contract

Saudi Aramco has signed a contract with Belgium dredging contractor Jan De Nul to help develop the 900,000 barrel per day (bpd) Manifa offshore oil field. Scheduled for completion in 2009, Jan De Nul will carry out dredging works in the Arabian Gulf before building several drilling islands and a 41-km causeway that will provide […]

Grim global warming prognosis for Western U.S.

Now the scientists can make regional projections about “where people actually live” … In the United States, the West will be hardest hit, scientists say. Heat waves, droughts and intense hurricanes are likely to increase in the coming decades. Air temperatures in the Southwest, particularly from California to Texas, are projected to rise in the […]

Oil, Chavez, and the Orinoco Belt

With the lightning speed that only a would-be dictator can muster, Hugo Chavez grabbed power in Venezuela last week. Greedily grabbing all the levers of authority, Chavez made the next move in his promise to deliver utopia to his people. And when all of the votes had been counted, Chavez promptly took his place in […]

BP cuts production goals

LONDON (Reuters) – Oil giant BP Plc (BP.L) slashed its growth targets and raised spending plans on Tuesday, hitting its shares, as it reported better than expected, but falling, fourth quarter profits. The world’s third-largest fully publicly traded oil company by market value said production would fall in 2007 and only grow slightly to the […]

Bush Budget Axes Oil, Gas R&D Funding, Targets Two Tax Breaks

The Bush administration Monday proposed to ax two federally-funded oil and gas research programs and modify two separate tax breaks for the oil and gas industry in its 2008 budget. The administration’s budget primarily focuses on funding for new renewable energy, biofuel and nuclear programs, and the proposals would, in a small measure, help offset […]

Blood of the Earth: the Battle for the World

…Last year, China And, you see, the only other way, if you don

Saudi cuts Q4 oil supplies to Asia, Iran exports more

SINGAPORE: Saudi Arabia cut oil exports to its three largest Asian customers by nearly 4% in the fourth quarter against the third, while Iranian shipments rose to near year-ago levels, calculations based on official data showed. The Saudi cuts of a total 88,000 barrels per day (bpd) support other evidence showing compliance with Opec curbs […]

Biotech-Biofuel Benefactors

The power of big finance and bad ideas …Dedicating all present U.S. corn and soybean production to biofuels would meet only 12% of our gasoline demand and 6% of diesel demand. Total U.S. cropland reaches 625,000 sq.mi. To replace U.S. oil consumption with biofuels we would need 1.4 million sq.mi. of corn for ethanol and […]

NE US Electricity Usage Sets a Record for Winter

The operator of the power grid for the mid-Atlantic and parts of the Midwest said Monday that it reached an all-time record for winter electricity use amid frigid weather on the East Coast. Valley Forge, Pa.-based PJM Interconnection, which operates the power grid in 13 states and Washington, D.C., said demand Monday morning rose above […]

Pak energy demand to reach 361MT of oil equivalent by ’30

Pakistan’s energy demand has been estimated to reach 361 million tonnes of oil equivalent (MTOE) by 2030 and this huge surge could pose a serious threat to the future development programmes, a senior government official told Daily Times. Without ensuring the security of energy supplies, the development programmes would collapse, said the official. The cumulative […]

Putin sees Israel as a possible customer for Russian gas

Israel is certainly a possible client for receiving Russian gas, Russian President Vladimir Putin said yesterday in response to a question at a press conference about Russia’s expansion of activity in the energy sector. Referring to Russian energy policy, which has recently come under fire due to claims of misuse of its monopoly, mainly in […]

China to keep relying on coal

China has no plans to radically change its reliance on coal and other dirty fuels despite already feeling the impacts of global warming, according to a leading Chinese meteorologist. In the first official Chinese response to a stark UN report issued last week on climate change, Qin Dahe said China lacked the technology and financial […]

Opec-style gas group ‘unlikely’

Qatar, which has the world’s third-largest natural gas reserves, has said a form of cartel between producers of the fuel is unlikely. Setting up an organisation for natural gas exporters like Opec is impossible, the Kuwait News Agency (Kuna) yesterday quoted HE the Second Deputy Premier and Energy Minister Abdullah bin Hamad al-Attiyah as saying. […]

JAL to cut 8 percent of work force after it reports US$90 million quarterly loss

Japan Airlines Co. announced Tuesday that it will cut 4,300 employees, or about 8 percent of its entire work force, by the end of fiscal 2009 after it reported a net loss for the most recent quarter.Soaring fuel costs continue to be a problem, JAL said, although oil prices have eased since October. The average […]

China: Crude oil reserves decline sharply last year

China was still the world’s fifth-largest crude oil producer in 2006, but dropped to the 13th worldwide in terms of proven crude reserves from the 12th in 2005, according to statistics released by the United States-based Oil & Gas Journal, the world’s most widely read petroleum industry publication. According to statistics, China’s crude oil output […]

Gas to prop up output in Daqing

China’s biggest oilfield, facing depleting output, is increasingly relying on natural gas to maintain production levels. “Natural gas will be an important driving force to stabilize Daqing oilfield’s production,” the National Development and Reform Commission (NDRC), the top economic planner, said on its website.“As oil production is decreasing year on year, it is necessary to […]

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