CTL update from DOE

Here is a pdf file from the DOE on coal to liquids. doe

Ethanol burns HOT on the Internet

ItThese two American scientists continue to be very critical of ethanol. Both Dr. Pimentel and Tad Patzek have studied ethanol

Drivers Shrug as Gasoline Prices Soar

HOUSTON, March 29 In the late 1970s, OPEC oil shocks and gas lines persuaded most Americans to sacrifice some of their pleasure trips and drives to the mall, ease up on the gas pedal, and switch to the bus or train. But as Americans enter the sixth year of rising oil and gasoline prices, their […]

CNOOC Chief Mum on Gas Field in Disputed Water

The head of China’s largest offshore oil producer China National Offshore Oil Corp. on Thursday declined to comment on production at the Chunxiao gas field in the East China Sea where China and Japan are in dispute over resource exploration rights. Chairman and Chief Executive Officer Fu Chengyu refused to confirm or deny that production […]

The Oil Drum: Four Pieces of Peak Oil Media

Here’s three four pieces of media that you need to have people watch/listen to if you want to help us spread the word on peak oil. First is Matt Simmons on CNBC yesterday talking about the GAO report (7 mins), then under the fold a link to Jim Kunstler’s latest talk, a piece by ABC […]

In Oil We Trust

For the past two weeks, I’ve bombarded you with the gloom of oil’s future. I apologize for the doomsday antics, but its hard not to be gloomy about Middle Eastern oil. The good news is that you can still find safe oil investments.…The U.S. has called for Canadian imports from oil sands to rise from […]

Could private equity re-energise the US power sector?

What prompts me to write about PE is its current relation to investments in the energy arena. According to one authoritative estimate by Cambridge Energy Research Associates (CERA – which has been so opposed to Peak Oil theory, but which also does quite good work in other areas), the U.S. electric power sector will require […]

Ugamda: Fuel prices up as reserves run dry

UGANDA He said the problem, which had persisted for the past two weeks, was due to failure of the pumps between Mombasa and Nairobi to pump the fuel through the oil pipeline.

Petrobras: Volumes at Santos Basin Sub-Salt Find Still Unknown

Brazil’s state-run oil firm Petroleo Brasileiro SA (PBR), or Petrobras, said it’s still not possible to evaluate what volume of oil is contained in an ultra deep Santos Basin field discovered last October. “Until the conclusion of evaluation tests, it’s impossible to determine the quantity of oil in the discovery,” Petrobras said in a statement […]

Australia faces extreme weather rise, says leaked UN report

SYDNEY (AFP) – Australia will suffer more droughts, fires, floods and storms due to global warming and its famous Great Barrier Reef will be devastated by 2030, according to leaked extracts Friday of a UN report. The draft UN’s Intergovernmental Panel on Climate Change report warns that temperatures in Australia would rise by 6.7 degrees […]

Loyal group chases cold-fusion dream

Once touted as source of unlimited energy, cold fusion generates little interest today Unlimited energy brewed in a bottle sparked a worldwide sensation nearly 18 years ago. Promises that cold fusion would power the planet, however, were shot down in little more than a month. On Thursday, researchers who continue to believe in cold fusion […]

Quarter of UK Gas Reserves to Be Stored on Island

A QUARTER of Britain With North Sea gas running out, we will become more reliant on supplies from Russia and Middle Eastern countries. The UK only has 17 days of gas stored in the event of supplies being cut. The new

Big Oil spends more, only some see 2007 output up

The world’s five largest fully publicly traded oil firms are planning to invest billions of dollars more this year but extra spending may not translate into higher production. Exxon Mobil Corp., Royal Dutch Shell Plc, BP Plc, Total SA and Chevron Corp. plan up to a total of $97 billion in capital spending this year, […]

The stock is dead, long live commodities, says Rogers

Investment guru Jim Rogers says the rise of China and the change in the status of the US dollar as a reserve currency is having a profound impact on global demand. Investment guru Jim Rogers believes that the bull market for stock and bond markets is over and says investors should get into commodities. There […]

Minister defends ethanol policy

Brazil has become a haven for developed and developing countries seeking technology for the use of ethanol as a fuel alternative to oil derivatives, Brazilian Foreign Minister Celso Amorim said yesterday. His remarks came in response to comments made by Cuban President Fidel Castro in an article published by Cuban state daily Granma yesterday (see […]

Iran vulnerable on oil product imports: US

IranDailyTimes

Oil, power, Islam: summit marks beginning of Saudi-era

The Arab states have not found any solutions to their numerous conflicts at the Arab League summit in Riyadh.The Lebanon was represented by two delegations that did not speak to each other. The Iraqis wanted to accept help but no well- intentioned advice. Jurnalo

Government should keep hands off oil prices

In response to recent rises in gas prices, we are once again hearing calls for the government to “do something” to force prices lower. But no matter what the price of gasoline is, such calls are wrong. All market fluctuations in the price of gasoline, up or down, are a good thing — and none […]

Crude Awakening: Shrewd filmmaking

il is the most important resource in the world today, with all of our conveniences propped up by rich, dark crude. Oil is in the insecticide used to kill cockroaches, and food has petroleum-based fertilizers to help it grow. A Crude Awakening: the Oil Crash shows simply and grippingly that the convenience of modern North […]

Dissertation: World oil production close to peak

Worldwide oil development could end next year in the worst potential outcome, or more optimistically, the peak would not be reached until 2018, scientist Fredrik Robelius reports. In a dissertation to be publicly defended at Uppsala University in Sweden today, Robelius based his forecasts on the study of global oil reserves, new discoveries and historical […]

U.S. can cut oil imports to zero by 2040, use to zero by 2050

The United States could dramatically cut oil usage over the next 20-30 years at low to no net cost, said Amory B. Lovins, cofounder and CEO of the Colorado-based Rocky Mountain Institute, speaking at Stanford University Wednesday night for a week-long evening series of lectures sponsored by Mineral Acquisition Partners, Inc. Lovins opened by comparing […]

Mozambique: Five Billion Dollars Needed to Solve Energy Crisis

Mozambique needs about five billion US dollars to invest in energy projects to try and solve the current crisis in this sector, according to Energy Minister Salvador Namburete, cited in Thursday’s issue of the Maputo daily “Noticias”. The government is currently placing its bets mainly on seeking investments for new hydroelectric power stations. Of these […]

Less carbon, more community building

Some pollutants, such as smog, decrease as we get richer and can afford things such as catalytic converters for cars. But carbon dioxide consistently tracks economic growth. As Harvard economist Benjamin Friedman concluded last year, CO2 is “the one major environmental contaminant for which no study has ever found any indication of improvement as living […]

Report: Gov’t needs plan for oil peak

The U.S. government is in need of a strategy to minimize potentially dire economic consequences after worldwide oil production peaks and begins to decline, the investigative arm of Congress said Thursday. Though experts disagree about when daily oil output will reach its maximum level — or whether they have done so already — the Government […]

Addressing Europe

Europe independent

Solar World: Sea sponge solar

The marine organism, it turns out, has perfected a process for building nanostructured material from silica that “far exceeds human engineering,” according to Daniel Morse, a professor of molecular, cellular and developmental biology at the University of California-Santa Barbara. Furthermore, it can build these silica structures under normal pH and temperature conditions, Morse told United […]

China to produce liquid fuel from coal

China’s first coal liquefaction project, which will go into operation in 2008, will be able to produce more than one million tons of oil a year, significantly reducing the country’s dependence on oil imports. chinadaily

Pickens Tells CNBC: Fundamentals Pushing Up Oil, Not Politics

Texas energy investor Boone Pickens told CNBC that the recent spike in oil prices is due more to “fundamentals” than geopolitical tensions with Iran and that “you’re going to look at $70 oil pretty quick.” Pickens also ruled out Saudi Arabia playing white knight. The kingdom has plenty of oil but it’s not of very […]

Our Biofuels Partnership

For these proposals to gain traction, foundations for a worldwide market in these fuels must be put in place. Brazil and the United States joined India, China, South Africa and the European Union in launching the International Forum on Biofuels this month. Its goal is to ensure conditions for ethanol, and later biodiesel, to become […]

ExxonMobil, Saudi Aramco and China’s Sinopec announce venture

ExxonMobil, Saudi Aramco and China’s Sinopec announced two joint ventures worth a total of $5 billion on Friday to expand a Chinese petrochemical refinery and operate a chain of 750 filling stations. chron

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