Calderon pledges energy reform

President Felipe Calderon says he will build political consensus to overhaul the energy industry, a move many see as crucial to promoting development and boosting economic growth in this oil- rich but poverty-plagued nation of 107 million. Mexico, one of the world On Jan. 1, proven oil reserves were estimated at 15.51 billion barrels, or […]

Crude Impact

That road trip you were planning for 2057 might look a tad less likely after viewing “Crude Impact,” which sees disaster looming all too soon in the growing global demand for a shrinking oil supply — especially in the U.S., where consumption and native supply levels are most out of whack. James Jandak Wood’s docu […]

Good golly, Ms Moly

Molybdenum is up 1000% in the past five year …The molybdenum market is currently running at around 400m pounds a year, and is said to be growing at a minimum of 4% annually. The metal’s subscribers describe it as the “energy” metal, given how much it’s used in the crude oil and gas business. Sprott […]

Oil prices rise after hitting 69 dollars in London on Iran rumour

LONDON (AFP) – World oil prices soared on Wednesday after spiking to 69 dollars per barrel in London late on Tuesday following an unsubstantiated rumour that Iran had attacked an American ship, traders said. In European trading on Wednesday, the price of Brent North Sea crude for May delivery leapt 1.02 dollars to 65.62 dollars […]

The Oil Drum: Who to Believe? Part One –

If you’re like me, you might have spent a moment or two in recent months pondering how billionaire oilman T. Boone Pickens, oil banker Matthew Simmons, and many others are suggesting that the world is reaching Peak Oil now, and at the same time, Cambridge Energy Research Associates (CERA) headed by Pulitzer Prize writer Daniel […]

PetroChina offshore find could be China’s largest domestic source in 10 years

PetroChina Ltd. has found an offshore field that could become China’s biggest new domestic petroleum source in a decade, with reserves of 2.2 billion barrels, the official Xinhua News Agency said Wednesday. theglobeandmail

One in 10 at risk from rising seas, storms: study

One in 10 people in the world, mostly in Asia, live in coastal areas at risk from rising seas and more powerful storms that may be caused by global warming, an international study showed on Wednesday. The researchers urged governments to make billion-dollar policy shifts to encourage more settlements inland rather than in coastal regions […]

Venezuela PdVSA Says Orinoco Takeover Won’t Hurt Output

Venezuela does not anticipate any production problems at four heavy oil projects when the state firm takes over operations on May 1, said a director at Petroleos de Venezuela S.A. Del Pino said the projects currently have a spare capacity of over 100,000 barrels a day due to Organization of Petroleum Exporting Countries-related oil production […]

Where To Turn When Cheap Oil Runs Out

Last week we explored global peak oil. We concluded that oil prices are going to skyrocket in just a few short years. This week I’d like to examine the state of peak oil in the United States. And, more importantly, figure out just how we’re going to avoid the crash. The death of cheap oil […]

U.S. Sustainable Energy Producing 1.2 Million Gallons of Biofuel a Day

U.S. Sustainable Energy Corporation has completed construction on the first reactor that will become the largest biofuel plant in the country, producing 1.2 million gallons per day of the renewable fuel. yahoo

Iran Planning to Stop Using U.S. Dollar to Price Oil

Iran is planning to stop using the U.S. dollar to price oil, with less than half of its oil income now paid in the U.S. currency, Iran’s central bank governor said.

“That’s the plan for the future, we are working on that,” Governor Ebrahim Sheibany said in an interview with Zawya Dow Jones News Service late Tuesday when asked if Iran was planning to stop pricing oil in dollars. He was speaking on the sidelines of an Islamic finance forum in Kuala Lumpur, Malaysia’s largest city.

IHT

Lack of fuel may limit U.S. nuclear renaissance – MIT

Limited supplies of uranium fuel for nuclear power plants may thwart the renewed and growing interest in nuclear energy in the United States and other nations, according to an industry expert at the Massachusetts Institute of Technology.

Over the past 20 years, none of the nation’s utilities has ordered a new reactor and there has been little investment in new uranium mines or facilities to produce fuel for existing reactors due to safety concerns.

Instead, the industry has lived off commercial and government inventories, which are nearly gone. Uranium production worldwide meets only about 65 percent of current reactor requirements.

Reuters

Peak oil scenario paints frightening future for all

By day, Chris conducts research in conservation biology and prepares for the intellectually demanding exams required of doctoral students. At home in the evening with his wife and 2-year-old daughter, he teaches himself to create fire by rubbing sticks together. Chris is one of the graduate students with whom I am fortunate to work, and […]

Canada and Russia Meet to Promote Joint Oil and Gas Investments

Canada and Russia, the only net crude-oil exporters in the Group of Eight nations, will seek ways to promote joint energy projects that may lead to a global supply network, ministers from both countries said. David Emerson, Canada’s trade minister, met in Ottawa today with Russian Agriculture Minister Alexei Gordeyev to update foreign-investment rules and […]

Cairn to start oil production in Rajasthan in 2009

Cairn India, a subsidiary of British oil explorer Cairn Energy, continues to be bullish on oilfields in Rajasthan and is set to begin oil production in 2009. ‘We continue to be focused on delivering the Rajasthan development and ensuring the upstream project remains on track to produce first oil in 2009,’ Cairn Energy chief executive […]

US gasoline stocks expected to have fallen in weekly oil data

Refinery glitches and strong demand are expected to take their toll on gasoline stocks in the US, according to analysts. The US Energy Information Administration — the statistical arm of the Department of Energy (DoE) — is expected to report gasoline stocks fell by 1.31 mln barrels in the week to March 23, according to […]

China’s new oil find may be biggest in decade

CHINA has found a huge offshore oilfield that could become the country’s biggest new oil source in a decade, The Associated Press reported today, citing Xinhua news agency. The scale of the discovery, if confirmed, would be welcome news to China, the world’s No. 2 oil consumer behind the United States and its oil imports […]

Ethanol opponents may be too few

A lukewarm turnout at a Saturday meeting about blocking a proposed ethanol plant in Newark has the organizer doubting any future action by her group. Eme Lybarger, of the Community Environmental Legal Defense Fund, said she didn’t get the sense from the meeting that the majority of residents were against the facility. NewarkAdvocate

Richard Heinberg’s Museletter #180: Iran: We Will Know Soon

For the past two years or so informed commentators (including Seymour Hersh and Scott Ritter, among others) have been predicting a US air attack on Iran. MuseLetter for March 2005, titled GlobalPublicMedia

Whatever The Warming, Ocean Acidifies From Carbon-dioxide Buildup

A new study indicates that future changes in ocean acidification caused by atmospheric carbon dioxide emissions are largely independent of the amount of climate change caused by those emissions.The ocean plays a major role in the uptake of carbon dioxide emitted from fossil-fuel burning, helping to moderate future climate change. However, the addition of the […]

Portable Data Centers May Save Energy, Money

rom the outside they look like ordinary, beat up cargo trailers sitting on the back lot. But Giovanni Coglitore of Rackable Systems said the trailers contained, “$3 million worth of the most cutting edge servers you can buy on the planet.” The Silicon Valley company thinks is the future of the Internet. It’s a data […]

Africa starts to tap solar energy for IT

Governments and development organizations in Eastern and Southern Africa are starting to adopt solar energy to bolster energy resources for ICT (information and communication technology) in rural areas.Solar energy will have a positive impact on rural societies by enabling people to access computers and the Internet, said Paul Zambezi, Ministry of Science and Technology permanent […]

Cameroon’s Ailing Energy Sector to Receive Support

Cameroon’s energy sector, and particularly hydropower, is in a crisis. Although government authorities are quick in their conclusion that capacity meets demand, this is far from the truth. The population observes frequent power outages especially during the dry season when water pressure usually drops at the country’s hydro dams. This regrettable situation also leads to […]

Energy boom hurts wildlife, lands access, advocates say

Hunters and anglers face growing restrictions on access to public lands and waters because energy development has taken priority over wildlife and habitat protections, conservationists and labor leaders testified Tuesday. “Throughout the country, working men and women are having a harder time finding public access to hunting and fishing areas, and those that are still […]

RESEARCHER: ORIGINAL OIL CRISIS CAUSED BY CHAOS

A political historian at the Massachusetts Institute of Technology says that the energy crisis of the 1970s in the West was the product of a “perfect storm” of unfortunate events, not a grand conspiracy, according to a report from the MIT News Office. Meg Jacobs, an associate professor in the university’s history department, told an […]

OPEC unity helps strengthen oil price

Saudi Arabia is shipping less oil to customers. OPEC by February reduced daily output by one million barrels. Global inventories this year fell the most in a decade.OPEC’s unity may keep oil from dropping below $US50 a barrel for years to come, energy experts say.“They’ve learned their lessons,” said Daniel Yergin, author of the Pulitzer-winning […]

Great risk in our oil delusion

Isn’t it interesting how some assumptions about the way society works and what keeps it ticking find their way into the collective consciousness and are not challenged or interrogated? Take for example the way we consume energy. Globally, there seems to be a deep-seated, and wholly incorrect, belief that our current patterns of consumption can […]

China may lead way as oil firms weigh Iraq’s danger and payoff

China has sat out the Iraq war, but it could be the first to take advantage when the Iraqi government finishes a law opening up its oil fields to international companies. The Iraqi oil legislation, expected to be approved by July, will open the door for the government to sign contracts for exploration and production […]

Argentina ends Falklands oil deal

Argentina has scrapped a deal with the UK to share any oil found off the Falkland Islands – days ahead of the anniversary of the war for the islands.Scientists estimate that there may be billions of dollars worth of oil under the waters around the Falklands, which are known to Argentina as the Malvinas.The 1995 […]

Cabrillo Port LNG Hub: offshore Los Angeles

Map of worst case scenario: Worst credible intentional event vapor cloud fire. (radius = 6.31 Nautical Miles – diameter = 12.6 Nautical Miles) So which way does the wind blow again? cabrilloport

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