International Energy Agency Warns On Sharp Oil Stocks Falls

The International Energy Agency warned Tuesday that global oil and fuel inventories were being sucked lower at an unusually high pace this year, leading it to fret about demand being met in the coming months and amplifying the need for more crude from the Organization of Petroleum Exporting Countries.The agency’s widely-anticipated monthly assessment of the […]

Scientist Says Sea Level Rise Could Accelerate

Data from satellites is showing that sea-level rises and polar ice-melting might be worse than earlier thought, a leading oceanographer said on Monday. Sea levels, rising at 1 millimetre a year before the industrial revolution, are now rising by 3 millimetres a year because of a combination of global warming, polar ice-melting and long natural […]

Titans make Africa their stomping ground

How will Beijing react to the United States’ sudden enthusiasm in expanding its military presence in Africa? Will Chinese rulers take the word of America’s pro-administration theorists for it, that this has nothing to do with China per se but is entirely the result of growing US reliance on West Africa’s cleaner (both chemically and […]

Chavez touts regional gas export group amid domestic deficit

President Hugo Chavez is portraying Venezuela as a natural gas powerhouse and is pushing for a regional exporters’ group despite a deficit of the fuel back home.Far from launching exports, Venezuela will begin importing gas from Colombia later this year to solve a supply crunch at its western oil fields. Venezuela needs more gas to […]

Dutch PM voices support for coal-fired energy

Prime Minister Jan Peter Balkenende supports the construction of coal-fired power plants if the greenhouse gas CO2 released is stored in underground former gas fields. The prime minister said this last week after the EU climate summit in Brussels. Balkenende says that the first trial with such a power station will most likely take place […]

‘India to be a power surplus country’

Energy-hungry India, which currently faces huge power deficit, will become an electricity surplus country in next four-five years, Power Minister Sushilkumar Shinde told Rajya Sabha today. “Currently, we have a 70,000 MW deficit,” he said replying to supplementaries during Question Hour. He said the massive capacity addition programme including introduction of ultra mega power projects […]

European businesses go green fast

In a change of position, European light bulb makers like Philips and Osram are lobbying governments to promote low-energy light bulbs over traditional incandescent bulbs. The companies have realized that a mass switch to the more expensive bulbs, following a similar push in Australia, not only would help cut global warming, but also could also […]

Fusion Energy One Step Closer to Reality

A project by University of Wisconsin-Madison researchers has come one step closer to making fusion energy possible. The research team, headed by electrical and computer engineering Professor David Anderson and research assistant John Canik, recently proved that the Helically Symmetric eXperiment (HSX), an odd-looking magnetic plasma chamber called a stellarator, can overcome a major barrier […]

Oil boffins go nuclear

Driving a nuclear-powered car may sound a bit like something out of Thunderbirds, but it could soon be a reality if the oil industry’s nuclear overtures come to anything. That’s one prediction in Trading Climate Change, JP Morgan’s latest contribution to the City’s voluminous output on the impact of global warming. Chris Rogers, the utilities […]

China: Oil region looks to the future

Daqing, China’s largest oil producer is exploring new income opportunities for the region’s ongoing sustainability. Since 1959, Daqing has produced about 1.9 billion tons of crude oil. Notably, during the period 1975 to 2002, Daqing maintained an annual oil production of no less than 50 million tons, creating a world record. Concerns that Daqing was […]

Halliburton’s not alone in move to region

Halliburton Chairman and CEO Dave Lesar will likely see some familiar faces when he opens a new corporate headquarters for the oil-field-services giant in Dubai. A number of other Houston oil-field-services firms, including Baker Hughes and Schlumberger, have recently opened or expanded offices in the United Arab Emirates. And their goals are all the same: […]

Mackenzie Gas Project to cost $16.2B

New estimates of overall costs for the Mackenzie Gas Pipeline project have hit $16.2 billion, from an original $4 billion, Imperial revealed before stock markets opened early Monday. The massive project’s in-service date was also rescheduled to 2014, three years past original estimates, due to significant delays in regional permits and approvals. New estimates of […]

Henry Ford endorsed ethanol

Henry Ford was indeed a man ahead of his time. Recognized as the grandfather of the American automobile and the great innovator of the automotive assembly line, few people know that Ford was also an outspoken proponent of alcohol-based fuels. But like most visionaries of his time, his foresight was negated by several historical forces […]

Where Ethanol Is King

…Robert Anex, associate director of the Office of Biorenewable Programs at Iowa State University in Ames, envisions a time when portable cellulose processors work right alongside the corn combines, manufacturing “bio-oil” that can be trucked out to the refineries. He’s also a proponent of double-crop sequences – for example, planting a relative of wheat known […]

The richest city in the world

Ninety miles from Dubai, another Xanadu has been decreed. Its name is Abu Dhabi, and that $3 billion hotel is just the beginning of the story. …Welcome to Abu Dhabi, the capital of the United Arab Emirates and the richest city in the world. The emirate’s 420,000 citizens, who sit on one-tenth of the planet’s […]

Gas price spike may be short-lived, analysts say

Refinery outages, unusually strong demand make for tight supplies With pump prices up 20 cents in the last two weeks and daylight saving time three weeks early, it feels like spring is coming a little early this year. But if the typically seasonal pattern of pump prices holds, consumers in most parts of the country […]

The Oil Drum: Predicting the Past of Oil? The Hubbert Linearization Tested

There are various types of models. They can be empirical, such that you curve fit data without having a clear explanation of the underlying mechanisms. Or they can be theoretical, in which the system is modeled according to the governing scientific principles and mathematical equations. However, one thing is critical to keep in mind. If […]

U.S. needs national energy, climate policy: GE CEO

CAMBRIDGE, Massachusetts (Reuters) – The United States needs to develop a national climate change policy, but also recognize that coal and other fossil fuels will remain an important energy source for decades, the chairman and chief executive of General Electric Co. said on Saturday. Setting a blanket national policy would make it easier for companies […]

Petroleum industry ‘facing shortage of skilled workers’

MANAMA: A senior Saudi Aramco official warned yesterday that the petroleum industry is facing a tremendous skills shortage which, if goes unchecked will undermine its ability to meet world demands. “As our workforce ages we fall short of young engineers to take their place,” the company’s senior vice-president for exploration and production Abd Alla S […]

Nigeria’s Energy Crisis . . . Any End in Sight?

Since the coming of the present administration, Nigerians have not witnessed the worst level of power generation and supply as they are presently going through. The effect is that big and small-scale industries are closing down. Government appears incapable of dealing with the problem even as the terminal date nears. Roland Ogbonnaya writes. Additional report […]

Deceitful Solutions To America’s Energy Dependence

Of all the US presidential hopefuls and not-so-hopefuls, only Representative Dennis Kucinich — a less than not-so-hopeful candidate — has clearly stated time and again what this Iraqi adventure is all about. A single word: Oil. He says it and repeats it with no “strings attached.” Kucinich is his own man; a man of principles, […]

Four years on, Syrian gas deal still haunts Lebanon

BEIRUT: In July 2003, Lebanon signed a contract to start purchasing Syrian natural gas within two years, an agreement that had the potential to substantially reduce both Lebanon’s reliance on oil imports and the state’s inflated energy bill, but also to further entrench its dependence on its more powerful neighbor. Lebanese authorities put three other […]

How green is nuclear power?

Some call it a carbon-free alternative to fossil fuels, but others point to significant environmental costs. In Kansas, where winds blow strong, the push for clean energy includes not only new wind turbines but also new nuclear-power plants as part of a “carbon-free” solution to climate change. It’s an idea that may be catching on. […]

ASPO Newsletter – March 2007

They’ve modified the predicted date for peak oil… CONTENTS: Regional Assessment: Middle East Gulf Post-Peak Agriculture Optimism in Britain Apres-Pic Further Update of the Depletion Model ASPO in Japan The Buffer of Storage Signs of the Times Boston Oil Conference DVDs available ASPO Ireland

China defends oil trade with Africa

China defended its booming oil trade with Africa on Monday, and said Europe and the United States should look at their own engagement on the continent before criticizing Beijing. China has huge oil investments in Sudan, and rights groups say its engagement there is frustrating international efforts to stop the civil war and atrocities in […]

Oil demand ‘to rise’

MANAMA: The demand for oil will increase by 55 per cent in the second quarter of the century, Oil and Gas Affairs Minister Dr Abdulhussain Mirza said yesterday. A reason why oil explorations must be expanded, oil resources handled more seriously and producer-consumer co-operation promoted, the minister said as he opened the 15th Middle East […]

BP plan brings warnings about biofuel technology

Biofuel research is worth doing and may be one of many essential tools to limit damage from future climate change, but there are big environmental and social risks if it’s pushed too hard and too fast. That’s the warning from some experts familiar with the history of biofuels and the outlines of UC Berkeley’s controversial […]

Strapped for Energy, Chile Looks at Nuclear Option

– Burgeoning demand for electricity and steeper prices for natural gas imports are prompting Chile to consider nuclear power to address an energy shortfall that seems certain to intensify.Producing no natural gas and almost no oil of its own, Chile relies on gas imports from Argentina, which is facing increasing pressure to supply its domestic […]

Nanocharging Solar

No renewable power source has as much theoretical potential as solar energy. But the promise of cheap and abundant solar power remains unmet, largely because today’s solar cells are so costly to make. Photovoltaic cells use semiconductors to convert light energy into electrical current. The workhorse photovoltaic material, silicon, performs this conversion fairly efficiently, but […]

Children of the Corn: Brutal Honesty

Back in reality, almost all fertilizers and pesticides are oil-based, and large-scale agriculture requires huge numbers of tractors and trucks. Converting corn and sugar to ethanol is wildly energy-intensive. Professor Emeritus David Pimental Ph.D. ’51, entomology, has shown that “more fossil energy is still required to produce a liter of ethanol than the energy output […]

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