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News from March 2007

All those scientists may still be wrong

All those scientists may still be wrong thumbnail

On Sunday, Al Gore’s film about climate change, An Inconvenient Truth, won two Oscars. Today, the Royal Society starts a two-day event showcasing the science of climate change according to the International Panel on Climate Change (IPCC). Both the film and conference are based on an understanding that the science is settled. It isn’t. But, […]


The Peak Oil Crisis: The 4 Facets of Peak Oil

The Peak Oil Crisis: The 4 Facets of Peak Oil thumbnail

Looming just over the horizon are four great storms that soon will have a major impact on nearly all the world The first storm is what we talk about in this column: the balance between oil depletion and production from new oilfields that will determine how much longer the world


Can you be traveling green by buying offsets?

Can you be traveling green by buying offsets? thumbnail

Buy an airline ticket online, and you’re increasingly likely to see this pitch: Add a payment of a few dollars, and finance save-the-Earth activities to offset environmental damage caused by your trip. Travel companies such as British Airways and travel sites Travelocity and Expedia are giving ticket purchasers the chance to at least assuage guilt, […]


Africa: Where the Next US Oil Wars Will Be

Africa: Where the Next US Oil Wars Will Be thumbnail

On February 7, George Bush announced the formation of AFRICOM, a new Pentagon command which will, under the pretext of the so-called “Global War On Terror”, plan and execute its oil and resource wars on the African continent. What does this mean to African Americans? And to Africans? The Pentagon does not admit that a […]


Going Nuclear in East Africa

Going Nuclear in East Africa thumbnail

The problem of deficiency in the electricity supply is common to all east and central African countries. There is reason to suggest that rather than tackle cross-cutting problems as individual countries, they should be tackled by a combined regional effort. The most recent trend in power generation is nuclear energy. Nuclear power owes its strength […]


Two oil giants plunge into the wind business

Two oil giants plunge into the wind business thumbnail

Two of the world’s leading oil producers have almost overnight joined some of the biggest players in wind power in the United States, accelerating a trend of large corporations investing in the rapidly growing alternative-energy field. As global warming and clean fuels have gained more attention, Shell Oil Co. and BP have accumulated impressive credentials. […]


Hugo Chavez exploits oil wealth to push IMF aside

Hugo Chavez exploits oil wealth to push IMF aside thumbnail

President Hugo Chavez of Venezuela is using his country’s oil wealth to squeeze the International Monetary Fund out of Latin America, the region that once accounted for most of its business. IMF lending in the region has fallen to $50 million, or less than 1 percent of its global portfolio, compared with 80 percent in […]


South Africa could face a coal shortage

South Africa could face a coal shortage thumbnail

There is a shortage of coal looming in the local market, believes African Rainbow Minerals (Arm) CEO Andre Wilkens. “There is enormous growth planned in the power generation sector, which will place additional demand on coal supply.” About 90% of South Africa’s electricity is produced by coal-fired power stations, with the remainder flowing from nuclear, […]


Britain gets nuclear waste warning from energy chiefs

Britain gets nuclear waste warning from energy chiefs thumbnail

Britain must not go ahead with a new generation of nuclear power stations until it has a “clear and robust” plan in place for dealing with the twin problems of decommissioning and waste treatment, the world’s leading energy body warned yesterday. The International Energy Agency also said that any new nuclear programme must be funded […]


Enriched Uranium Unearthed From German Man’s Garden

Enriched Uranium Unearthed From German Man’s Garden thumbnail

A German man obtained enriched uranium and buried it in his garden, raising concerns about the security of Germany’s nuclear reactors, the environment ministry in the state of Lower Saxony said on Thursday. “How do pellets get out of a nuclear reactor? That’s not supposed to happen,” said ministry spokeswoman Jutte Kremer-Heye.She said it was […]


Car-Addicted Italians Lag Europe on Environment

Car-Addicted Italians Lag Europe on Environment thumbnail

Italians’ love of cars and their reluctance to switch from carbon fuels for energy needs means their country is one of the worst environmental performers in Europe, one of Italy’s main green groups said on Thursday. The home of Ferrari and Fiat is more car-mad than any other in Europe, the Legambiente group said, quoting […]


Climate Change as Dangerous as War – UN Chief Ban

Climate Change as Dangerous as War – UN Chief Ban thumbnail

Climate change poses as much danger to the world as war, UN Secretary-General Ban Ki-moon said on Thursday as he urged the United States to take the lead in the fight against global warming. In his first address on the subject, Ban said he would make climate crisis the focus of talks with leaders at […]


Biofuel industry speeds up enzyme demand

Biofuel industry speeds up enzyme demand thumbnail

As a result of the booming biofuel industry, the US enzyme demand, which amounted to $1.6 billion in 2005, is expected to reach $2.2 billion by 2010, according to a recent market study by the Freedonia Group. Overall market growth in enzymes through 2010 will be 6.9% annually. Right now, the enzyme market is focused […]


Inflation in the pipleline not Deflation – Stock Market is Correcting.

Inflation in the pipleline not Deflation – Stock Market is Correcting. thumbnail

The supply of commodities is extremely tight and by definition, higher demand with diminishing supply creates a bull market. This bull market is different however because we are nearing or past the point of Peak Oil as I described in an article “Peak Oil and What it Means to You”. Peak oil translates into resource […]


BP, Gazprom discuss creation of joint venture that may include liquefied natural

BP, Gazprom discuss creation of joint venture that may include liquefied natural thumbnail

Top executives for Russian state-controlled natural gas monopoly OAO Gazprom and BP PLC met Thursday for discussion on a possible joint venture that could work with liquefied natural gas, the Russian company said. iht


Talisman predicts big payoff by 2009 from global fields

Talisman predicts big payoff by 2009 from global fields thumbnail

Calgary-based oil and gas company Talisman Energy Inc. says it’s aiming for a big increase in output by the end of the decade as it brings international growth projects on stream. Developments in Talisman holdings, including fields in the North Sea and Southeast Asia, are expected to boost the company’s production to more than 600,000 […]


Senators call for ‘crash program’ to develop clean coal technologies

Senators call for ‘crash program’ to develop clean coal technologies thumbnail

A national cap on carbon emissions would penalize states that rely more heavily on coal generation, Republican senators from the Midwest charged at a Senate Environment and Public Works Committee hearing on state, regional and local perspectives on global warming. However, the idea of a federal “Apollo” program or “Manhattan Project” to develop and deploy […]


Coal in cars: great fuel or climate foe?

Coal in cars: great fuel or climate foe? thumbnail

Coal companies want to fuel your car and lately, they’re getting a lot of political support for the idea. Turning coal into gasoline-like fuel has several advantages. It would use America’s vast coal reserves. It would reduce the nation’s thirst for foreign oil and help dampen spikes in energy prices. There’s just one problem: It […]


Future Oil Production Dependent on State-owned Oil Companies

Future Oil Production Dependent on State-owned Oil Companies thumbnail

A study released Thursday by Rice University’s Baker Institute for Public Policy in Houston shows that most of the needed increase in world oil production in coming years will come from state-owned oil companies in developing countries. The report says international privately owned oil companies, which have been the main producers in the past will […]


Mexico sees deepwater oil production from 2012

Mexico sees deepwater oil production from 2012 thumbnail

Mexican state-owned oil company Pemex, under pressure to increase its energy output, said on Thursday it expects to begin producing oil from deepwater wells from around 2012. reuters


Major corporations, organizations unite to fight climate change

Major corporations, organizations unite to fight climate change thumbnail

A global framework to fight climate change has been presented by an unprecedented coalition of over 90 major corporations and organizations from around the world. Allianz, Bayer, Citigroup, DuPont, General Electric, Rolls Royce, Volvo, and others released a statement on February 20 endorsing a clear post-Kyoto framework for affecting change at the levels of policy […]


Backyard Fuel Cell

Backyard Fuel Cell thumbnail

Stephen Friend has the first hand-built fuel cell-powered house in the US. No, not another hopeful boil-your-own-yogurt demo for an impractical technology, but a real, sustainable achievement that makes its own hydrogen in a cedar shed out back. wired


House Democrats unveil new energy plan

House Democrats unveil new energy plan thumbnail

Democrats in the U.S. House of Representatives on Thursday unveiled a bill that would spend about $15 billion to double U.S. automobile fuel efficiency, expand ethanol distribution and build more mass transit. yahoo


Congressman says US report points to arrival of peak oil

Congressman says US report points to arrival of peak oil thumbnail

A draft US Government Accountability Office report finds that, though it is difficult to assess whether the world has reached “peak oil,” a large number of experts surveyed for the report believe the world may have reached the peak for conventional petroleum supplies, said Representative Roscoe Bartlett, Republican-Maryland. Bartlett, who has raised concerns that the […]


The New and Improved TXU!

The New and Improved TXU! thumbnail

During a House committee hearing yesterday afternoon, legislators grilled parties to the TXU buyout for more details on the deal. Lawmakers especially wanted to how the new company was going to be different than TXU, which has been under severe legislative attack for high electric prices and plans to build 11 coal plants. Briefly, some […]


Nepal: Energy crisis brings industrial production down to 20%

Nepal: Energy crisis brings industrial production down to 20% thumbnail

The national industrial production has dropped down to around 20 percent of its total capacity after the Nepal Electricity Authority (NEA) started 40 hour a week load shedding a few weeks back. In a press conference organised by the Federation of Nepalese Chamber of Commerce and Industries (FNCCI) Thursday, second vice president Kush Kumar Joshi […]


Protests Suspend Maintenance, Gas Restrictions Extended

Protests Suspend Maintenance, Gas Restrictions Extended thumbnail

Maintenance work on the Canadon Alfa field in Argentina’s Tierra del Fuego province was suspended on February 24, extending the duration of gas cuts to Chile’s region XII, the latter country’s energy regulator CNE said in a statement. The works were suspended due to security concerns as a result of union protests related to salary […]


Key lawmakers skeptical of Bush fuel savings plan

Key lawmakers skeptical of Bush fuel savings plan thumbnail

WASHINGTON (Reuters) – Influential members of Congress expressed doubt on Wednesday about the White House goal of raising auto fuel efficiency by 4 percent next decade, convinced the target would harm U.S. manufacturers. Rep. John Dingell (news, bio, voting record), a Michigan Democrat and chairman of the House of Representatives Energy and Commerce Committee, suggested […]


Saudi Aramco Found More Oil Than It Produced In 2006

Saudi Aramco Found More Oil Than It Produced In 2006 thumbnail

DUBAI (Dow Jones)–Saudi Arabian Oil Co., the world’s largest oil company by production, discovered 3.6 billion barrels of crude oil reserves last year, 6% more than it produced, the Saudi Press Agency reported Wednesday. Saudi Aramco also added 10.4 trillion cubic feet of natural gas to its reserves in 2006, more than expected, Chief Executive […]


Indonesia: Nuclear power plant gets a cold response

Indonesia: Nuclear power plant gets a cold response thumbnail

The government’s plan to press ahead with construction of the country’s first nuclear power plant in 2010 was met angrily by Jepara residents Wednesday. “I reject the plan to build a nuclear power plant in our area. If there’s a leak, we will be directly impacted. We should fight the plan together,” said Sudarsono, of […]


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