Alaska Would Kick in $500 Million for Pipeline

The state of Alaska is sweetening the pot to get a multibillion dollar natural gas pipeline built. Gov. Sarah Palin on Wednesday announced Alaska would kick in as much as $500 million from the state’s treasury to offset startup costs, like permitting fees. “We need to progress this project. There are hungry markets for Alaska’s […]

Canada: Premiere urges fairness with gas

Premier Dalton McGuinty has asked gasoline suppliers to ensure no town goes dry. McGuinty said yesterday that a “perfect storm” of conditions led to the provincewide shortage of gasoline, but the worst should be over within seven to 10 days. “So the first thing that I would say to Ontarians is … let’s stay cool; […]

Sign Your Country on the Dotted Line

Old research habits die hard. Actually, it’s my belief that knowledge should not be compartmentalized – you know what you know, and latent awareness can only help. Now, why does my linguistic training apply to fossil fuel? I can read the new Iraqi oil law in its original form. My Arabic is passable on a […]

Australia: ‘Wind drought’ causing farm water woes

Pastoralists in Western Australia’s mid-west say a ‘wind drought’ is causing major problems on their properties. Windmills are not catching enough wind to pump ground water to fill storage tanks. Murchison pastoralist Simon Broad says in the past six weeks he has had to hand fill his water troughs. The manager of Boolardy Station, Mark […]

‘An Inconvenient Truth’ now available online

Al Gore’s Oscar-winning documentary, An Inconvenient Truth, can now be viewed online:

DailyMotion.com

Oil advances beyond $62

LONDON (Reuters) – Oil prices climbed above $62 a barrel on Thursday, building on gains the previous day spurred by unexpectedly large falls in fuel stocks in top consumer the United States. U.S. crude was up 64 cents at $62.43 a barrel by 1050 GMT, after ending 33 cents higher on Wednesday. London Brent crude […]

What a Way To Go: Life at the End of Empire

… As an historian I particularly appreciate Sally Erickson

Castro and Chavez on ethanol

The following is the transcript of the conversation between Venezuela’s President Hugo Chavez and Cuban leader Fidel Castro. It has been edited for brevity. …Chavez: Do you know how many hectares of corn are needed to produce one million barrels of ethanol? …Castro: Twenty million. Well, of course. The idea of using food to produce […]

International Biofuels Forum launched by Brazil, EU, US, South Africa, India

On Friday, Brazil, the European Union, the United States, South Africa, China and India will formally establish the ‘International Biofuels Forum’. The idea is to create common norms and standards for bioenergy products, especially ethanol, to consolidate and facilitate world trade in the rapidly growing sector. The initiative behind the new international organisation, the offices […]

U.S. universities teaming up to build 90% biodegradable car

The concept would broadly have the following characteristics: * a mid-size, lighter, safe, efficient, inexpensive car that would be 90 percent biodegradable * be approximately 1,000 pounds lighter that a vehicle its size * a fuel efficiency of at least 70-80 mpg Plant-based components would include: * malleable carbon or bio-polymer for the body * […]

Barking up a new tree for renewable energy sources

Alternative energy sources, such as solar power, tidal power and wind power, are often derided by critics as expensive, impractical or even (in the case of wind turbines) damaging to the environment. But there is another little-discussed alternative which can be used both as a fuel and to provide electricity. It is widely available, easily […]

Moscow is urging its residents to switch to energy-saving light bulbs

Russia has begun its first major energy-awareness campaign since the fall of the Soviet Union in 1991, bringing an unfamiliar sight to Moscow streets: billboards urging people to switch to energy-saving light bulbs. But Muscovites are not being encouraged to go green to save the planet. The city government in Moscow has realized that the […]

MIT to Help Develop Renewable Energy Institute in Middle East

Known primarily as being a country rich in oil reserves, the United Arab Emirates will soon play host to a new research institute that offers postgraduate programs in renewable energy and sustainability in its capital city of Abu Dhabi. Earlier this week, the Massachusetts Institute of Technology and the Abu Dhabi Future Energy Company (ADFEC) […]

“Diversify sources, and don’t expect positive changes in Russia”

Europe is likely to be increasingly dependent on gas and oil imports, whose security it is less and less able to guarantee. This situation-especially the heavy reliance on Russian energy sources-needs to be addressed by diversifying the types of energy production within the EU, as well as the sources of foreign imports, said experts at […]

EU green targets ‘too expensive,’ OECD energy official warns

The head of a global energy agency warned Wednesday that ambitious European Union targets to cut greenhouse gas emissions would require cheaper green energy alternatives to avoid a heavy financial cost. Last week, EU nations announced plans to cut emissions to 20 percent below 1990 levels by 2020 — a target which must be approved […]

China expands oil target list

China has added nine oil and gas producers in North Africa, South America and the Middle East to a list of countries that it wants major Chinese companies to invest in. Kuwait, Qatar, Oman, Morocco, Libya, Niger, Norway, Ecuador and Bolivia are now on the list, which builds on previous ones issued in 2004 and […]

T. Boone Pickens says global oil production has reached its peak

Legendary Texas oilman T. Boone Pickens sees today’s stubbornly high oil price as evidence that daily global production capacity is at — or very near — its peak. If demand for crude oil rises beyond the current global output of roughly 85 million barrels per day, Pickens told The Associated Press, prices will rise to […]

Calm Before the Storm?

Everything seems to be going well in the financial world and the investing public is busy doing what it does best goldseek

Inpex to Spend 200 Billion Yen a Year on Oil Fields

Inpex Holdings Inc., Japan’s largest oil explorer, said it will spend more than 200 billion yen ($1.7 billion) annually to search and develop oil and gas fields over the next three to four years. The annual investment will include developing Indonesian gas fields, Chairman Kunihiko Matsuo, 71, said in an interview at the company’s Tokyo […]

Norsk Hydro discovers oil, gas with wildcat well in Barents Sea

Norsk Hydro ASA discovered oil and natural gas at a new Arctic prospect with a wildcat well in the Barents Sea off Norway’s northern tip, the Norwegian Petroleum Directorate announced Wednesday. signonsandiego

Oil Free by 2050

It should come as no surprise then that the Department of Defense is giving very serious thought to oil independence. The notion is that the nation — and particularly the military — must have assured access to energy, and oil isn’t such a safe bet any more. defensetech

Bush backs down and asks Iran and Syria to help stop the killing

President Bush has caved in to pressure to ask Iran and Syria for help to stop the violence in Iraq. Secretary of State Condoleezza Rice confirmed Iranian and Syrian leaders were being invited to “a neighbours’ meeting” next month. dailymail

Troubles for the Iraq Oil Deal

Barely two days have passed since Iraq’s Prime Minister Nouri al-Maliki hailed the country’s new petroleum law as a “solid base for unity of all Iraqis” — a rare boast these days. President Bush has also trumpeted it as proof that Iraq has a viable future. But parliamentarians and Iraq’s oil unions have already begun […]

Creative uses for CO2

In fact, Mr. Bachu, an Edmonton-based world expert on carbon capture and storage with the Alberta Energy and Utilities Board, said there are nearly 1,000 oil and gas fields big enough to store decades’ — if not a century’s — worth of CO2 produced by large emitters such as oilsands projects and coalfired power plants. […]

DOE Makes Draft Plug-In Hybrid Electric Vehicle R&D Roadmap

The DOE Office of FreedomCAR and Vehicle Technologies (FCVT) has developed a Draft Plug-In Hybrid Electric Vehicle R&D Plan to accelerate the development and deployment of technologies critical for plug-in hybrid vehicles. greencarcongress

DOE Awards Up to $385 Million to Six Cellulosic Ethanol Plants

The US Department of Energy will invest up to $385 million for six biorefinery projects over the next four years. When fully operational, the biorefineries are expected to produce more than 130 million gallons of cellulosic ethanol per year. greencarcongress

The Oil Drum EU: Energy’s Role in Europe’s Trade Deficits

On February 16th, the Eurostat released its first assessment of external trade balances for 2006 (pdf), making clear that energy is imposing an important burden on the UnionMuch more after the jump to The Oil Drum EU.

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