Fierce competition in scramble for Libya’s black gold

After 20 years of isolation, Libya has become the destination of choice for hungry oil companies ready to cut any kind of deal to get a piece of the north African state’s oil riches. “It’s a race for our black gold,” president of the National Oil Company Shukri Ghanem told AFP. “We are organising it […]

Envoy warns Chavez about oil takeover

A top U.S. diplomat warned Friday that Venezuela cannot afford to drive away the major oil companies affected by President Hugo Chavez’s decision to takeover the nation’s most promising oil-producing operations.Thomas A. Shannon, assistant secretary of state for Western Hemisphere Affairs, also said the U.S. government was not concerned about Venezuela’s reliability as an oil […]

The Carbon Folly

Global warming isn’t the only debate that may be over. Governments and policymakers around the world also seem to have settled on a solution. “A responsible approach to solving this crisis,” Al Gore said recently at New York University’s Law School, would be “to authorize the trading of emissions … globally.” Emissions trading, also called […]

My Dot-Green Future Is Finally Arriving

I was standing among a crowd of radical Serbs in front of the U.S. Embassy in Belgrade last week when it dawned on me: As a futurist, things are really going my way! It’s 2007, and the old world has backfired so comprehensively that a new era is truly at hand. I actually knew this […]

Hijazi: Palestinian People Suffer Lack of Energy Resources

Ammar Hijazi, First Secretary of the Permanent Observer Mission of Palestine said peoples living under foreign occupation face unique challenges and have specific needs when it comes to energy and energy sources, namely the issue of choice and control. “In the next 15 years, Palestinians’ need for electricity will quadruple. Additionally, needs for Motor fuel […]

Turkey: Energy producers ponder moving plants abroad

As electricity generation costs grow higher in parallel to natural gas price increases, gas being the main input for most generators, energy producers in Turkey have started to seriously contemplate moving their plants to countries where natural gas is cheaper. Murat Sungur Bursa, the president of Zorlu Holding’s energy department, said Turkey had to take […]

Bye-Bye, Incandescent Bulb?

Is Thomas Edison’s most famous invention, the incandescent light bulb, about to fizzle into obscurity? Thanks to global warming, the ban-the-bulb movement is gaining strength. Australian officials and European lighting manufacturers have announced phase-outs of the energy-draining bulb. A California legislator has proposed a ban. Now, in a move that could speed the move away […]

In search of a moral solution to our energy problem

There should be a cool place in hell for those who burn nutritious food to push around a sports utility vehicle. And a warmer place for politicians who treat our energy crisis as an economic or geo-political problem. Energy policy, with its resulting climate change, is a moral issue. President Bush, speaking on the state […]

Lehman analysis says oil will rise, deflates ‘bubble’ theory

Crude oil will average $60 a barrel in the first quarter of this year and is poised to rise through 2008 on higher demand in the US and China, Lehman Brothers Holdings Inc said. World oil consumption will rise by at least 1.7mn bpd this year, led by China, according to Edward Morse, Lehman’s New […]

Indian oil majors now aim for Norway

In the quest for energy security and to be relevant in the great hydrocarbons game, Indian exploration majors could be headed for Norway next. Oil ministry mandarins confirmed that Indian exploration majors have been asked to examine opportunities in the Scandinavian country. Norwegian offshore exploration involving North Sea, Norwegian Sea and Barents Sea was the […]

If Iran Gets the Bomb

BROADLY SPEAKING, there are three possible scenarios of how Iran would likely behave were it to become a nuclear power. In the most optimistic scenario, Iran would not attack Israel or any other country with its atomic arsenal, but would rather use it as an instrument of international and regional influence. In this scenario, Iran […]

Solarworld builds USA’s largest solar cell factory

With the production of monocrystaline silicon wafers for solar cells, German renewable energy company Solarworld AG intends to widen its product spectrum. The devices will be produced in what Solarworld claims to be the USA’s largest solar cell factory in Hillsborough, Orgeon. In close vicinity to chip manufacturer Intel, Solarworld has bought a wafer fab […]

There’s change in the air at Drax

Biomass can come from specially grown energy crops such as miscanthus (a tall grass), oil palms, willow and poplar trees or from bio-wastes such as sewage sludge or the mush left when olives are crushed to make olive oil. Drax is proposing to “co-fire” these biomass fuels with coal. To meet its 10 per cent […]

U.S. has missed deadlines for updating energy standards for decades

The government has missed all 34 deadlines set by Congress for requiring energy efficiency standards on everything from home appliances to power transformers, government auditors said Thursday. Because of the failures, consumers and corporations stand to pay tens of billions of dollars more for energy than they would have if the deadlines had been met, […]

Raymond J. Learsy: Size Begets Arrogance, ExxonMobil Calling

But there is a difference between Exxon’s Alfred E. Neuman “Who me worry?” posture on global warming and that of Total. Total at the very least understands that change is necessary, perhaps even urgent. The company’s new CEO (“patron du groupe” sounds closer to “Godfather” than our limp “CEO”) Christophe de Margerie has as a […]

Americans Have Lost Their Country

The Bush-Cheney regime is America’s first neoconservative regime. In a few short years, the regime has destroyed the Bill of Rights, the separation of powers, the Geneva Conventions, and the remains of America’s moral reputation along with the infrastructures of two Muslim countries and countless thousands of Islamic civilians. Plans have been prepared, and forces […]

Feds: U.S. Emissions To Grow 19% By 2020

By 2020, the United States will emit almost one-fifth more gases that lead to global warming than it did in 2000, increasing the risks of drought and scarce water supplies. That projection comes from an internal draft report from the Bush administration that is more than a year overdue at the United Nations. The Associated […]

Paper details Brazil-Japan ethanol deal

A partnership to help supply Brazilian ethanol to the Japanese market could cost $8 billion, Brazil’s largest newspaper reported Saturday. The money would be used to buy minority stakes in 40 ethanol distilleries across Brazil, ensuring Japan a stable supply as it prepares to mandate an obligatory mix of ethanol in gasoline, the Folha de […]

Global warming a hot spot for investors

Kerschner should know. He spent nine months researching “Climatic Consequences,” a 120-page report that zeroes in on 74 companies in 18 countries well-positioned to profit from changing weather patterns. “The interest in this report is unprecedented,” says Kerschner. He says presentations to clients are booked through the fall. Similarly, UBS released a 97-page tome, “Climate […]

Oil refiners hit by ‘the perfect storm’

Canada sits on the second largest oil reserves in the world, but that’s cold comfort for drivers running on empty and paying a buck a litre — if they could get it Canada may boast of oil reserves second only to Saudi Arabia, but a “perfect storm” of refining problems has forced gas stations to […]

Analysis: Demand to stress uranium supply

WASHINGTON, March 2 (UPI) — The high price of oil and natural gas, and the emissions of both — plus coal — sparking new mainstream concerns about climate change, has fueled a global nuclear power renaissance. Whether there’s enough uranium to fuel the reactors, however, isn’t guaranteed. About 435 nuclear reactors operate in 30 countries. […]

Ethanol to bump up food prices

Demand for fuel cuts into corn crop WASHINGTON – Ethanol will devour 50 percent more corn this year, eating into the food industry’s share of the crop, the Agriculture Department said this week. From breakfast cereal to beef to beer, competition from ethanol could raise prices for all kinds of foods. People don’t eat the […]

U.S. report sees steady rate of emissions

NEW YORK (Reuters) – The Bush administration estimates in a report being completed for the United Nations that U.S. emissions of gases that contribute to global warming will grow in the next decade at a rate nearly equal to that of the past 10 years, The New York Times reported in Saturday editions. According to […]

Brunei’s record impresses TOTAL

Oil and gas reserves in the world would begin to decline in the second part of the present century while the present supplies would last 15 to 35 years. This prediction was made by Mr Louis Heuze the General Manager of TOTAL E&P Deep Offshore Borneo BV, the world’s fourth largest oil and gas company […]

Follow state on warming, Congress told

California legislators want tough new federal limits that don’t dilute local rules Washington — California’s top legislators urged federal lawmakers Thursday to follow the state’s leading role in the fight against global warming by passing stringent national limits on greenhouse gases. But state Senate President Pro Tem Don Perata, D-Oakland, and Assembly Speaker Fabian Nunez, […]

Toyota developing plug-in hybrid, researching market

DETROIT (Reuters) – Toyota Motor Corp. (7203.T) is working on developing a plug-in hybrid vehicle and is open to joining with other automakers in battery development, the president of its North American operations said on Friday. Toyota, which leads the market in hybdrid sales, has not detailed plans to build a plug-in, although some environmental […]

Who Still Loves Ethanol?

…You see, over the past few months, we Don

OPEC expansion at risk if oil drops below 50 dollars

NICOSIA (AFP) – OPEC’s 254-billion-dollar upstream expansion plan to raise production capacity risks being delayed if oil prices drop below 50 dollars a barrel, the cartel’s secretary general has warned. “My concern now is the price, because we are undertaking a lot of investment. If we don’ Asked what price capacity expansion is relying on, […]

Canadian Firm Plans to Export Cuban Reserves

A Canadian energy company plans to export the reserves from Cuba’s oil boom, a plan that could complicate the U.S. embargo on Cuba. Sherritt International already produces an estimated 68,000 barrels of crude oil in Cuba. Following record earnings last year, the company said that this year it “plans to export a portion of its […]

Dhaka to press for S Asian power grid

Bangladesh plans to introduce a proposal on energy trade at a meeting of Saarc energy ministers to be held in New Delhi on March 7. “We know that there is huge potential for energy trade, especially hydro electricity among Saarc countries. We want to introduce energy trade in the region…however, we have never tabled it,” […]

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