OPEC to Ensure Enough Oil Supply to `Robust’ Economy

OPEC President Mohamed al-Hamli pledged sufficient oil supplies to meet demand from a “robust” global economy. The Organization of Petroleum Exporting Countries, whose members produce 42 percent of the world’s oil, has implemented more than 60 percent of the 1.7 million barrels a day in production cuts agreed late last year, he said. bloomberg

Plug-In Partners National PHEV Initiative

Plug-In Partners is a national grass-roots initiative to demonstrate to automakers that a market for flexible-fuel Plug-in Hybrid Electric Vehicles (PHEV) exists today. Our National Campaign will demonstrate the viability of this market by: Garnering support in the form of online petitions and endorsements by cities across the country Procuring pluginpartners

Energy crisis demands immediate attention

James R. Schlesinger, a leading expert in the energy field and the first U.S. Secretary of Energy, spoke yesterday evening at the Lyric about the nation With $5 billion worth of oil being used daily and the world

US trying to block Iran energy deals

Emboldened by the perception that Russia is hardening its stance toward Iran, Washington is increasing its efforts to put more economic pressure on Tehran. Meanwhile, Russian and Chinese diplomats are trying to synchronize their position on the issue. According to The New York Times, the Bush administration has If this pressure gives fruit, several big […]

Spilling Oil In Mexico

Energy: Mexico swims in oil, but long-standing nationalism inhibits its extraction. Now its oil revenues are running low, while emigrant remittances soar. What’s wrong with this picture? Mexico’s state oil company, known as Pemex, celebrated a gloomy 69th birthday last Sunday, with CEO Jesus Reyes Heroles announcing that proven reserves in 2006 had slid to […]

High gas prices not slowing RV industry

PERRY, Ga. – With gas prices climbing, the turnout at a motor-home convention in the heart of Georgia this week is much better than most outsiders would expect. About 20,000 motor-home owners and industry representatives have gathered at the Family Motor Coach Association’s 77th International Convention to kick the tires of more than 1,000 enticing […]

Asian buyer confirms rare S. African coal purchase

SYDNEY (Reuters) – A North Asian company has bought South African coal for the first time in about three years, despite the long shipping distance, to compensate for tight local supplies, a source at the buyer’s company said on Thursday. The deal, concluded in February but only recently brought to light, is for 45,000 tonnes […]

Southern Ocean current faces slowdown threat

HOBART (Reuters) – The impact of global warming on the vast Southern Ocean around Antarctica is starting to pose a threat to ocean currents that distribute heat around the world, Australian scientists say, citing new deep-water data. Melting ice-sheets and glaciers in Antarctica are releasing fresh water, interfering with the formation of dense “bottom water,” […]

What has happened to our ‘cheap’ gasoline?

Less than two years after Katrina, consumption hasn’t changed MIDLAND, Texas (MarketWatch) — After hurricane Katrina, a shortage of supply caused gasoline prices to rise rapidly, (just as a surplus in supply would have caused the price to fall. This always happens in a free economy.) Indications are that with the run up in gasoline […]

The Oil Drum: Does the Hubbert Linearization Ever Work?

In Part I, we examined the evolving Hubbert Linearization (HL) of Texas oil production, and found that the predictive precision of the technique was quite poor. The error range was on the order of 3 decades. However, some have suggested that the trends just need to stabilize, and then we can be more confident in […]

U.K.:

Gordon Brown yesterday slashed by a further He nevertheless managed to declare he had, with

Japan

Japanese refiner Cosmo Oil is considering switching payment for its term purchases of Iranian crude away from the US dollar as early as April, when it finalizes contract terms for the next fiscal year, a senior company source said Tuesday. The source said Cosmo had been contacted by Tehran some six months ago about paying […]

Norwegian Statoil reports risks in Iran and Venezuela

Norwegian state oil firm Statoil said it could face penalties from the United States in connection with the company’s operations in Iran and is risking losing 171 million barrels of oil reserves in an “incredible” case in Venezuela. In an annual report filed with the US Securities and Exchange Commission (SEC), published on Tuesday, Statoil […]

Ethanol drives up world food prices

If you think you are spending more each week at the supermarket, you may be right. The escalating share of the US grain harvest going to ethanol distilleries is driving up food prices worldwide. Corn prices have doubled over the last year, wheat futures are trading at their highest level in 10 years, and rice […]

Oil prices could rise to $70 a barrel by late

Opec’s complacency in Vienna has set the scene for another upward price spiral, according to the latest report from the Centre for Global Energy Studies (CGES). It says that Opec’s failure to increase oil supply at that meeting has set the scene for another upward spiral in oil prices over the [northern] summer. A relatively […]

Asian oil addiction growing fast

The demand for oil in Asia will nearly double over the next 25 years and will account for 85 per cent of the increased demand in 2007, a Bangkok energy conference heard. The conference was held on Thursday in Bangkok, and sponsored by the Organisation of Petroleum Exporting Countries. “The highest annual average rates of […]

China’s economy seen hurt if oil prices above 80 usd/barrel – official

The price of crude oil at over 80 usd per barrel will impact negatively on China’s economy, a senior government official said. The vice-director of the State Council’s State Energy Office, Xu Dingming, told reporters at an industry conference that China and India are the two largest oil consumption countries in the world and higher […]

Super-High Mileage Cars

Here’s the next big competition coming down the road: a $25 million dollar prize to the builder of the first commercially-viable 100 mile per gallon car.

The crew that mounted the $10 million dollar X Prize for the first reusable private spacecraft is now looking to America’s highways, at global warming, and at American cars that in 2007 average fuel consumption of 25 miles a gallon — no better than the ancient, clattering, old Model T.

On Point Radio

Nuclear plans may stall on uranium shortage

Growing global competition for scarce enriched uranium threatens to derail a much-heralded nuclear renaissance in the United States and around the world, says an industry researcher from the Massachusetts Institute of Technology. In a report released yesterday, MIT researcher Thomas Neff said there has been 20 years of under-investment in uranium production and enrichment, resulting […]

The Saab Biofuel Budget 2007

The Saab Biofuel Budget Report 2007 contains Saab Great Britain’s recommendations for how the UK Government can support its emerging biofuels industry, with the primary aim of reducing road transport emissions. Other advantages include ensuring security of energy supply and diversifying the rural economy.Fossil fuels are a finite resource, and there is growing pressure on […]

Brazilian President slammed for calling ethanol producers ‘heroes’

Brazil’s booming alternative ethanol fuel industry is attracting praise and investment from around the world, but President Luiz Inacio Lula da Silva was roundly criticized at home Wednesday for calling well-off ethanol producers “national and world heroes.” Less than two weeks after Silva forged an ethanol “alliance” with U.S. President George W. Bush, activists said […]

Nigeria: Elections Amid Energy Crisis

All told, the worsening state of electricity for domestic and industrial consumption and the not quite stable fuel supply should be an issue in this election. In fact, the crippling energy crisis ought to be factor for which the elections would be won or lost. It should be an issue on which the electorate may […]

Denmark leads the way in green energy — to a point

If a heavy reliance on fossil fuels makes a country a climate ogre, then Denmark — with its thousands of wind turbines sprinkled on the coastlines and at sea — is living a happy fairy tale. Viewed from the United States or Asia, Denmark is an environmental role model. The country is “what a global […]

India looks big on alternative energy: expert

Imagine running your computer on a solar energy backup for five hours a day! It’s possible, says an expert who sees India as a promising destination for alternative sources of power. Terence ‘Terry’ J. Hart, vice chairman and technical director of IT Power India Pvt. Ltd., sees states like Karnataka and West Bengal ahead in […]

Biofuels launch biotech’s ‘third wave’ to help meet increasing demand for energy

Biotechnology was first applied in medicine, then farming. Today, dozens of lifesaving drugs are on the market, while many crops are genetically engineered to withstand weed killers. Now, a 2-year-old push to develop alternative fuels is driving biotechnology’s growth into the industrial sector. Thousands of corporate executives and scientists gather this weekend in Orlando, Fla. […]

Pemex Seeks Multiple Alliances for Deep-Water Oil

Petroleos Mexicanos, the third- biggest oil supplier to the U.S., needs to enter alliances with several companies to help it develop deep-water oil fields, said Mexico Energy Minister Georgina Kessel.Her comments come three days after Pemex warned of a “critical” situation because oil and natural gas reserves have dropped by half since the beginning of […]

UK Offshore Operators: Treasury Turns ‘Blind Eye’ to Industry

Responding to Wednesday’s Budget statement by UK Chancellor of the Exchequer Gordon Brown, the UK Offshore Operators Association (UKOOA), the representative body for North Sea production companies, accused the Treasury of turning a blind eye to the urgent needs of the UK’s offshore oil and gas industry where production is being undermined by high costs […]

Richard Heinberg’s Museletter #179: Burning the Furniture

A soon-to-be-released study by the Energy Watch Group in Germany on the future of global coal supplies has implications so surprising and far-reaching that energy policymakers may take years to digest it. This essay is intended to help speed that process. The report globalpublicmedia

The Peak Oil Crisis: Situations To Watch

Evidence is mounting that oil prices will soon climb to new, perhaps unaffordable for many, highs. Some think fcnp

Global boom in coal power – and emissions

Forget the documentary “An Inconvenient Truth.” Disregard rising public concern over global warming. Ignore the Kyoto Protocol. The world certainly is – at least when it comes to building new electric-power plants. In the past five years, it has been on a coal-fired binge, bringing new generators online at a rate of better than two […]

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