Proposed US$14B oil pipeline across Malaysia could cut costs

A proposed oil pipeline project to pump oil across northern Malaysia – bypassing the busy Malacca Strait – could lower transportation costs and avoid risks of pirate attacks on tankers, Deputy Prime Minister Najib Razak said Tuesday. The US$14.2-billion project would involve building a 320-kilometre pipeline across northern Malaysia, linking ports on the two coasts, […]

Sinopec earnings to soar

Asia’s largest oil refiner Sinopec said its profit will surge over 50 percent in the first half of this year. “The company estimates the first-half profit will rise more than 50 percent from a year earlier under the current operating situation,” Sinopec said in a statement yesterday. The company’s profit in the first quarter was […]

Opec softens tone on oil supply

Opec, the oil cartel, on Monday softened its policy to withold oil from the market, saying it would supply more if necessary. Mohammed al-Hamli, president of the Organisation of the Petroleum Exporting Countries, which supplies about 40 per cent of the worldFinancialTimes

Jeb Bush: Ethanol market to double in five years

The world’s production and consumption of ethanol are expected to at least double in the next five years, former Florida Gov. Jeb Bush said Monday. As the President of the Inter-American Ethanol Commission, which is holding a meeting in Sao Paulo, Bush said the Latin American countries, including Colombia, Peru, Guatemala and the Dominican Republic, […]

Russia resumes its power in Europe with natural gas

Russian President Vladimir Putin must be feeling smug. His strategy of using his country’s vast natural resources to restore the greatness lost after the break-up of the Soviet Union seems to be paying off. If power is measured by the fear instilled in others — as many Russians believe — he is certainly winning. In […]

China to miss target for using natural gas

China will miss a target for increased natural gas use because importers failed to secure enough supplies and energy demand gained more than expected. Gas will account for 5.3 percent of the nation’s energy needs by 2010, the country’s top economic planning body said in its latest five-year energy plan. That’s less than the 8 […]

A car worth a million dollars in India

As spending power increases in India, producers of luxury vehicles are keenly eyeing India’s burgeoning market. Two such brands, the Volkswagen group company Bentley and German sports car maker Porsche, have zeroed in on the South Asian country. And in what may seem like an odd exchange, last week the Indian government agreed to soon […]

GM will get plug-in vehicle into production: executive

Engineering Chief Jim Queen said Monday that the company is planning to make its Chevrolet Volt plug-in electric concept car in the future, despite some speculation suggesting the Volt project is little more than an expensive science project. “We will get this into production,” Queen said, speaking to an automotive engineering conference here. “We are […]

Floating nuclear power stations raise spectre of Chernobyl at sea

Russia has begun to build the world’s first floating nuclear power plant despite warnings from environmentalists that it risks creating a disaster. The The Sevmash plant, which will produce the floating power plants, is the largest shipbuilding complex in Russia, employing more than 25,000 people. Most of its contracts have been for nuclear submarines. The […]

Palm oil industry wary of uncertain futures

Malaysian palm oil futures hit an eight year high last week, as rampant demand by food and biofuels continues to deplete global stocks. The value of the market rose by 4 per cent between Monday and Thursday peaking 2,205 ringgit (€473) a tonne – a level unseen since December 1998. The rise means further cost […]

China’s economy reaching environmental limits

China’s booming economy is being increasingly constrained by shortages of energy and natural resources as well as environmental concerns — forcing the nation to seek a more efficient growth model. According to high-ranking officials in Beijing, there is simply not enough fuel around on the planet to sustain a Chinese boom using the same energy-intensive […]

Cradle to Cradle: A Call for a Revolution of Abundance

Earth Day invites us to consider the world we live in. We see limits but also the incredible richness. Rather than bemoaning the planetary and ecological debits of burning fossil fuels and leaving behind nuclear waste, we can celebrate the abundance of solar income. Human beings have come up with ways to manufacture 50 million […]

India: Food, fuel, water and alternate energy sources

It is only an academic exercise to debate which of the three securities is most important for India: food, energy and water. All of them are equally important. Relatively new and expanding sector of alternate energy sources is forcing us to look at these sectors in an integrated and holistic manner. It has become a […]

Oil chiefs slammed over dwindling supplies

THE Australian Democrats have criticised oil industry executives meeting in Adelaide for failing to discuss the issue of the world’s dwindling oil supplies. The party’s Senate candidate in South Australia, Ruth Russell, said some former industry executives and independent commentators believed peak oil could be reached by 2010. news

EIA Summer Outlook: Good for Natural Gas Stocks?

Coalbed methane and other unconventional energy ideas play an integral role for the marketoracle

Global warming may put U.S. in hot water

As the world warms, water yahoo

The TXU Deal: Twists, Turns & a Potential Clean-Tech Tipping Point

What will happen with the proposed $45 billion leveraged buyout of TXU Energy — arguably the most significant deal in the history of the U.S. utility industry? Significant not just because of its record size, but because of its vast implications for the future of clean energy. Successful completion of the deal could transform one […]

Chinese Oil Giants Move to Biofuels

Researched by Industrial Info Resources (Sugar Land, Texas). China National Offshore Oil Corporation – CNOOC Limited (NYSE:CEO) (Hong Kong) announced recently that a biodiesel plant with an annual output of 60,000 tons will be built within the year in Dongfang City, Hainan Province. Plans also include planting 100,000 mu (about 25.7 square miles) of jatropha […]

BP eyes role in Iraq

BP is interested in working on a range of oil and gas projects in Iraq, but is waiting for the country’s parliament to pass an oil law and for security to improve before increasing its role, a senior BP executive said on Monday. International companies have been jostling for position as they look for a […]

Oakland is No. 1 user of renewable energy

Oakland topped a list of U.S. cities using renewable energy, with 17 percent of its power coming from solar, wind and geothermal sources. Oakland beat out cross-bay rival San Francisco, which tied with Sacramento and San Jose for second place in the survey by SustainLane, which was released on Monday. Those three cities each get […]

Energy Intelligence survey shows world oil reserves are not being fully replaced

The world is currently producing more oil annually than it is replacing with new reserves. That sobering conclusion emerges from a new survey of global liquids reserves published by Energy Intelligence. In contrast to the gradual rise in global oil reserves that has been reported annually in most surveys based on public sources, the new […]

Chavez’s Tax Man Is More Terrifying Than His Rhetoric

For many Americans, the IRS is little more than an otherwise invisible annoyance every April. But its Venezuelan equivalent, the Seniat tax authority, is a muscular and outspoken detachment of President Hugo Chavez’s “Bolivarian Revolution.” Arguably an island of efficiency in a sea of ministerial red tape, Seniat has struck fear into the hearts of […]

Companies team to churn fat into fuel

ConocoPhillips and Tyson will process beef, pork and chicken fat in an effort to create as much as 175 million gallons per year of biodiesel fuel. NEW YORK (Reuters) — ConocoPhillips and Tyson Foods Inc. plan to work together to produce biodiesel from animal fat, the companies said Monday. They said they planned to process […]

The Oil Drum: Some Congressional Action on Energy

Sometimes it is hard to grasp the size of the problem that is now facing the world. One way is, perhaps, to relate it to time. A hundred thousand seconds is just under 28 hours; a million seconds is eleven and a half days, and both are graspable numbers. A billion seconds is, however, 31.7 […]

The Last Oil Shock – book review

After years of work on peak oil, it is rare for me to find a book written for the general public that can teach me something I didnWhen discussing the theory behind peak oil, Strahan tells us the human side of Hubbert

Provost gives options for oil

An oil shortage is very possible in the near future, according to David L. Goodstein, vice provost at Caltech University. “If President Bush can realize we have a problem, all of us can realize it as well,” he said on Thursday in McMaster Hall. According to Goodstein, in the 2006 State of the Union Address, […]

Crude awakening, part one and two

For decades, the oil-rich delta of the Niger river has been plundered by western companies and rampant political corruption. But now a small group of ruthless Ijaw tribesmen are threatening to sabotage production unless their demands for compensation are met. Sebastian Junger heads into the secretive mangrove swamps to meet the waterborne warriors who are […]

Kind Hearts and Climate Collapse

Peak Fictions: Welcome to our new series on fictional visions of what our world could be like under global warming and peak oil and their attendant political and economic dislocations. Here we will review recent short and long fiction, poetry, film, drama and other artistic visions that might act as warnings for our society. A […]

Kurt Cobb: Is sustainability a drag?

I have been peppered in recent weeks with email asking me how to get people to take peak oil seriously and make the necessary preparations for themselves, their families and their communities. The emphasis has been on what to tell them. But I think the emphasis should be on what to show them. The way […]

What Cheney Energy Task Force Talked About

Retired Senior Foreign Service Officer of the US Department of State offers educated insight into the real purpose of the 2001 energy task force. Reports from Baghdad indicate that the US-backed Iraqi cabinet has finalized a new oil law that would (a) turn the development of 2/3rds of Iraqi oil reserves over to foreign firms, […]

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