Italy Energy Demand Seen up 2 Pct in 2007 – UP

– Italian demand for oil, gas and other primary energy sources is expected to rise some 2 percent this year and will grow at least until 2020, but consumption should become more efficient, Unione Petrolifera (UP) said.Looking ahead to 2020, UP has forecast a steady rise of a total primary energy demand to 201 million […]

Sands are shifting for oil supply

Expert says we should be ready for big jump in priceThe world continues to run rapidly out of oil and natural gas, which points to dramatically higher prices in a handful of years. That was the message from Henry Groppe, a lanky Texan who advises oil companies and investors around the world about the world […]

Schlumberger’s Profit Rises 63% on Increased Oil, Gas Drilling

Schlumberger Ltd., the world’s largest oilfield-services provider, said first-quarter profit rose 63 percent as oil and gas producers ramped up spending on exploration.Oil and gas producers are spending more on exploration as new reserves become more difficult to locate. That’s raising demand for seismic mapping, pressure-pumping and other services provided by Schlumberger and its competitors.Schlumberger […]

Growing Unrest Posing a Threat to Nigerian Oil

There are few safe places left for oil companies in the Niger Delta, the epicenter of this countryOne company has fitted bathrooms with steel bolts to turn them into

London oil exchange to sell Middle East heavy crude

London’s Intercontinental Exchange (ICE) oil market said Thursday it would launch a new crude oil contract next month for sour crude from the Middle East. The new heavy crude contract will be priced in US dollars and sold alongside London’s Brent North Sea crude and New York’s main oil futures contract, light sweet crude, the […]

Peak Oil Passnotes: Can Oil Go to $80 Again? Why Not?

Gasoline has continued its rise on the back of more dodgy refineries, increased demand and it has kept the price of crude healthy and above the $60 per barrel range. The thing is there does not seem to be any reason in the near future for crude to fall too far. Instead a number of […]

The Economic Impact of Renewable Energy

When the Fraser Paper Mill shut down in the northern New Hampshire city of Berlin in 2006, many people wondered how the city would recover. Now, as New Hampshire is poised to pass a renewable portfolio standard (RPS) later this spring, a new chapter of economic progress based on renewable energy is unfolding for the […]

New Plastic Solar Cell Breaks Efficiency Record

The global search for a sustainable energy supply is making significant strides at Wake Forest University as researchers at the university sciencedaily

World’s

A farm of underwater tidally-driven turbines in New York’s East River could make the city the world’s largest in the renewable energy stakes. The first set of tidal turbines has been deployed in the Roosevelt Island Tidal Energy (RITE) Project and is under test. The three-bladed units can each generate from 16kW to 32kW of […]

Most Americans feel gas price pain: poll

Rising gas prices are causing economic strain for the majority of Americans, but only 1 in 5 reports facing severe problems as a result of higher prices at the pump, according to a CNN/Opinion Research Poll released Friday. cnn

Annan: Climate Change Threat to Humanity

The greatest threat facing humanity is climate change, former U.N. Secretary-General Kofi Annan said Friday, and praised a Norwegian initiative to reduce the country’s net greenhouse gas emissions to zero by 2050. Prime Minister Jens Stoltenberg said Thursday that his Labor party would set the world’s most ambitious climate goals, and presented a three-point plan […]

Test Results Show Biobutanol Performs Similarly to Unleaded Gasoline

New fuel testing results on bio-derived 1-butanol presented by DuPont and BP at the SAE World Congress indicate that biobutanol has proven to perform similarly to unleaded gasoline on key parameters, based on ongoing laboratory-based engine testing and limited fleet testing. greencarcongress

Fueling the Debate: Ethanol vs. Biodiesel

This past week offered a perfect synopsis of the continuing debate over whether ethanol or biodiesel is the preferred biofuel of the future. Determining which fuel is better, though, is about as helpful as determining whether running or swimming is the healthier exercise option — since both, of course, are beneficial. The race to reduce […]

Go slow on investing in biofuel companies, conference attendees say

The world is on the cusp of an energy revolution that could bring prosperity across the Americas and beyond. But how the revolution will play out remains unclear, and investors stand to lose plenty by betting on the wrong fuels or technologies, panelists said Thursday at a South Florida conference on Latin America. sun-sentinel

Mayor considers fees to drive in NYC

NEW YORK – An idea of reducing traffic by charging motorists who drive into the heart of Manhattan got Mayor Michael Bloomberg’s support Friday. “Using economics to influence public behavior is something this country is built on Back in January, the mayor, who also has a home in London, had said the congestion pricing system […]

Global warming swelling insurance risk

WASHINGTON – The insurer of last resort, the government faces a potential payout of at least $919 billion under a worst-case scenario of flood and crop losses due to global warming, congressional investigators say. That total has grown from about $209 billion in 1980, and could be even higher today because it is based on […]

Russian Regulator Says Some Oil, Mining Companies Overstating Reserves

Some foreign oil, gas and mining companies operating in Russia have been making money by overstating their reserves to boost their share price, the deputy head of Russia’s environmental watchdog agency said Thursday. Oleg Mitvol called upon the economic security department of the Federal Security Service – the KGB’s main successor – to review certain […]

Daryl Hannah campaigns for biodiesel standard

SINGAPORE (Reuters) – A group of celebrity-led campaigners are setting up sustainable standards for biofuels in the United States to stave off fears that producing some green fuels may do more harm than good for the environment. The Sustainable Biofuels Alliance, set up by actress Daryl Hannah together with country singer Willie Nelson and biodiesel […]

Study: Sudden sea level surges threaten 1 billion

SAN FRANCISCO, California (Reuters) — More than 1 billion people live in low-lying areas where a sudden surge in sea level could prove as disastrous as the 2004 Asian tsunami, according to new research presented on Thursday. …A rise of just 16 feet would affect 669 million people and 2 million square miles of land […]

Alberta turns to natural gas after wind lessens reliability

CALGARY – Alberta power utility Enmax Corp. said yesterday it is building a huge new power station in Southern Alberta fired with natural gas, partly to help boost the provincial grid’s reliability after Alberta’s aggressive expansion into wind energy made it vulnerable to power disruption. “We now have so much windpower generation that we need […]

Yippee – another 100 billion barrels of oil found in Iraq

I actually went to the website of IHS and found the underlying press release. It’s transparently an attempt to sell their maps to oil producers seeking new oil fields. While IHS is a respected player in the industry, and is known to have one of the most extensive proprietary databases on world oil fields, it […]

Ghana: The Dance Of The Crab

…With sitting and sleeping rooms usually stuffy and unbearably warm, due to the power cuts, we often only manage a snooze before dawn. We, however, get a fantastic compensation for the previous night I was at the Ministries in Accra last week to make some official enquiries. In some departments which had been cut off […]

Australia’s drought linked to global warming

SYDNEY (AFP) – An unprecedented drought that has withered Australia’s major food production zone could be a taste of things to come as global warming ramps up, experts said Friday. Prime Minister John Howard, who said the six-year drought was so extreme the country’s prime farmland could be left without irrigation water this year, has […]

Detroit jumps into the fuel economy debate

For decades, as Americans enjoyed low-priced gasoline and bought large, gas-guzzling pickup trucks and sport utility vehicles, Detroit In early April, the Supreme Court ruled that the federal government has the authority to limit greenhouse gas-producing emissions from vehicles. The primary way to do that is to increase the fuel economy of automobiles, experts say, […]

Biofuel plantations fuel strife in Uganda

A row over the conversion of rainforests into biofuel plantations is creating a grave political crisis for a country until now seen as a beacon for democracy in Africa. The issue has brought to a head the simmering conflicts between short-term economic gains and the conservation of vital natural resources in the continent. The president […]

U of Colorado researchers forecast 1 in 3 chance of record low sea ice in 2007

University of Colorado at Boulder researchers are forecasting a one in three chance that the 2007 minimum extent of sea ice across the Arctic region will set an all-time record low. The researchers at CU-Boulder’s Colorado Center for Astrodynamics Research also say there is a 57 percent chance the 2007 sea-ice minimum will be lower […]

Military Helicopter Mfgr. Leaving the Grid

Sikorsky Aircraft and its United Technology Corp.’s sister companies are preparing to cut the cord that links them to the region’s power grid. Sikorsky submitted plans Tuesday to the state Department of Public Utility Control for a $13.6 million project to build a 7.5-megawatt power plant to meet its needs. Other UTC divisions with applications […]

Thousands of China’s dams are ‘time bombs’ waiting to burst

Thousands of reservoirs in China are “time bombs” waiting to burst, an official was quoted as saying Friday, a day after a dam collapse forced the evacuation of 1,700 people. China’s dams and other efforts to control the country’s frequently treacherous rivers have a long and tragic history. In August 1975, a total of 62 […]

Swedish PM to meet Bush in May for energy talks

Swedish Prime Minister Fredrik Reinfeldt will meet US President Bush in Washington on May 15 for talks on alternative energy sources, the Swedish government said on Friday. Two cooperation agreements are expected to be signed between Sweden and the United States, US ambassador to Sweden Michael Wood told Swedish news agency TT. The first concerns […]

The looming oil crisis could arrive uncomfortably soon

The world’s production of oil will peak, everyone agrees. Sometime in the coming decades, the amazing machinery of oil production that doubled world oil output every decade for a century will sputter. Output will stop rising, even as demand continues to grow. The question is when. Forecasts of peak oil production have ranged from Thanksgiving […]

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