Putin Gives Blessing to Russia-Ukraine Gas Integration

Russian President Putin confirmed Thursday that Ukraine may gain access to Russian gas fields in exchange for a stake in the Ukrainian gas transit system. Ukrainian energy officials have offered Gazprom three plans to bring this idea to life, Kommersant’s sources report. Russia favors the option under which will let a joint venture buy the […]

Climate report fails to highlight extent of global warming:Flannery

The Australian of the Year, scientist Tim Flannery, says a new report on climate change grossly underestimates the speed at which global warming is affecting the planet. The report from the United Nations Climate Panel will officially be released in Paris tonight and is expected to find that it is very likely humans are responsible […]

EU states losing appetite for big energy commitments

With only two weeks to go before an energy mini-summit, to be held by EU economy ministers (14-15 February), member states are losing their appetite to abide by targets tabled in the European Commission’s energy package last month. Brussels’ push for renewable energy to yield 20 percent of EU consumption and for biofuels to account […]

Cash drain hits Swiss renewable energy drive

Families seeking to switch from fossil fuels to renewable energy face an increasingly desperate struggle for financial aid because of budget cuts. At a time of rising concern over global warming, cantonal subsidies for solar panels and wood-fuelled heating systems have fallen by more than 16 per cent in three years. Some regional authorities offer […]

Russia: Oil Output Disappoints

The Industry and Energy Ministry said Thursday that it had cut its oil output growth forecast for 2007 to 2.1 percent from the 2.5 percent it had expected earlier. The ministry said Russian crude oil production would rise to 490 million tons from the 480 million tons produced last year, when the growth rate was […]

Chavez Expects to Have Control of Oil Ventures By May

Venezuela intends to take control of “no less than 60 percent” of four heavy-crude-oil joint ventures in the country’s eastern Orinoco Belt by May 1, President Hugo Chavez said. State-owned Petroleos de Venezuela SA, South America’s largest oil company, will add 4,000 of the employees currently working for the ventures to its payroll, Chavez said […]

New Study Finds Extensive Undeveloped Geothermal Resource in Western US

A new report released today finds extensive undeveloped geothermal resources in fourteen Western states — Alaska, Arizona, California, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, Oregon, Texas, Utah, Washington, and Wyoming. The new report, An Assessment of Geothermal Resource Development Needs in the Western United States, written by Dan Fleischmann for the Geothermal Energy Association […]

Top Energy Scientists Agree, Bush Wrong on Alternative Fuels

At an all-day Senate Energy and Natural Resources Committee conference on globalpublicmedia

U.S. Climate Policy: Defining the Second Commitment Period

Discussions of climate change have reached a frenzied level in Washington, D.C. The number of bills proposing different ways to address the issue is growing by the week — four bills have been introduced since Jan. 10, and at least three more are rumored to be coming over the next two months. This frenzy will […]

Alternative Energy Boom Has Its Limits

In 2006, major corporations, venture capitalists, investment banks, and hedge funds spent a record $71 billion worldwide on renewable energy, according to New Energy Finance, a London research firm. That $71 billion was a 43 percent increase over 2005. They estimate that 1,250 private equity funds target environmental projects. However, there are significant limits that […]

Siemens sells clean technology to U.S.

Siemens Power Generation announced it was awarded a contract to supply equipment for a new coal-fired power station in West Virginia. The project will allegedly be one of the cleanest and most efficient coal-fired power plants in the United States. Longview Power LLC, a subsidiary of GenPower, is purchasing the equipment from the German power […]

Scientists offered cash to dispute climate study

Scientists and economists have been offered $10,000 each by a lobby group funded by one of the world’s largest oil companies to undermine a major climate change report due to be published today. Letters sent by the American Enterprise Institute (AEI), an ExxonMobil-funded thinktank with close links to the Bush administration, offered the payments for […]

Putin Says Russia May Consider Forming a `Gas OPEC’

Russia, which has the world’s largest natural-gas reserves, will consider coordinating policy with other major producers of the fuel, such as Iran, President Vladimir Putin said today. “A gas OPEC — that’s an interesting idea. We will think about it,” Putin said during an annual news conference in the Kremlin with domestic and foreign reporters. […]

Global warming ‘very likely’ man-made

The world’s leading climate scientists, in their most powerful language ever used on the issue, said global warming is “very likely” man-made, according to a new report obtained Friday by The Associated Press. The phrase “very likely” translates to a more than 90 percent certainty that global warming is caused by man. yahoo

BP gives green fuel research 500 million dollars

BP will fund an Energy Biosciences Institute (EBI) with a mandate to “perform ground-breaking research aimed at the production of new and cleaner energy” with an initial focus on biofuels for cars and trucks. EBI research will be conducted at the University of California, Berkeley and its affiliated Lawrence Berkeley National Laboratory (LBNL) and at […]

Iran Formally Offers 17 Oil Blocks to Investors

Iran formally offered 17 onshore and offshore oil blocks for development at conference in Vienna that attracted many non-U.S. international oil companies despite rising international pressure on Tehran over its nuclear program. rigzone

Telecommuting as energy saver

Of all the changes wrought by digital technology, the most dramatic is a new idea of workplace. Thanks to such devices as wireless laptops, many nonmanual jobs can now be done almost anywhere – at home, in a car, or even on a park bench. This new work freedom, properly handled, has the power to […]

75,000 protest tortilla prices in Mexico

MEXICO CITY (AP) The national uproar has put him in an uncomfortable position between the poor and some agribusiness industries hoping to profit from the surge in international corn prices, driven mostly by the sudden explosion of the U.S. ethanol industry. A free-market advocate, Calderon has said he does not want to return to direct […]

Shell shakedown

How the world’s second-largest oil company lost control of its $22 billion project on Russia’s Sakhalin Island. (Fortune Magazine) — Word that control of the world’s largest integrated oil and gas project had been wrested from Royal Dutch Shell trickled down to the company’s staff on Russia’s Sakhalin Island in December the same way it […]

It’s the people, stupid

For the first time since the dawn of the nuclear age, scientists came up with an We just keep growing! When my father

Warming linked to stronger hurricanes

PARIS – Global warming has made stronger hurricanes, including those in the Atlantic such as Katrina, an authoritative panel on climate change has concluded for the first time, participants in the deliberations said Thursday. During marathon meetings in Paris, the Intergovernmental Panel on Climate Change approved language that said an increase in hurricane and tropical […]

The best method of carbon sequestration

Now that the Bush administration has admitted something every thinking person already knows–that the world is warming–and now that the administration is fully behind the search for alternative fuels, we can expect more talk about the benefits of carbon sequestration. For some people carbon sequestration offers the best of all possible futures. Presumably, we could […]

Dry Down Under

Australia has been known for many things. Due to its seemingly barren and unforgiving landscape, it was a notorious British penal colony. Its Great Barrier Reef is a natural wonder, and Australia’s underground endowment of uranium is an object of envy. But Australia has never been rich in water. Now, confronted with a 100-year drought […]

Gasoline prices have likely hit bottom, feds say

WASHINGTON – U.S. retail gasoline prices appear to have bottomed out now that crude oil costs are rising again, and pump prices are expected to start climbing, the government The national price for regular unleaded gasoline remained at $2.17 a gallon for the second week in a row after falling some 14 cents during the […]

Young professionals and peak oil

Young professionals may well be more aware and engaged about Peak Oil than other age groups. We may also find it easier to be more frugal, have a recent broad education about the opportunities (and shortcomings) of technology and efficiency, and be able to see through the hype about hydrogen, biofuels and other alternatives which […]

Has the White House interfered on global warming reports?

More than 120 scientists across seven federal agencies say they have been pressured to remove references to “climate change” and “global warming” from a range of documents, including press releases and communications with Congress. Roughly the same number say appointees altered the meaning of scientific findings on climate contained in communications related to their research. […]

Turkey sends warships to Cyprus amid row over oil deals

ANKARA (AFP) – Turkey has sent warships to international waters off Cyprus amid a growing row over oil and gas exploration deals the island’s internationally recognised government signed with Egypt and Lebanon, the NTV news channel reported. Turkish officials were not immediately available for comment. NTV did not say how many ships had been sent […]

Al Gore seen as possible winner of 2007 Nobel Peace Prize

OSLO (AFP) – Former US vice president Al Gore is seen as a possible winner of the 2007 Nobel Peace Prize for his efforts to save the planet from global warming, the head of the Oslo Peace Research Institute has said. “The issue of global warming is also very topical and … it wouldn’t be […]

Oil: It’s Back To Supply And Demand

The speculators who bid up the market last year are in retreat. So much for the new reality Last July, when crude oil was surging toward $80 a barrel, the talk of a new reality in the energy markets hit a fever pitch. Some said China and India would so voraciously suck up supplies that […]

Russian Government Okays Rules on Strategic Assets

The Russian government gave initial approval Wednesday to long-awaited draft legislation restricting foreign companies’ access to Russia’s natural resource wealth and select Russian industries, Russian news agencies reported. Over a year in the making, the new rules designate large oil, gas, gold, and copper deposits as strategic, and place limits on foreign companies’ ability to […]

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