India: Edible oil crisis

An edible oil crisis is around the corner though policy planners do not seem to realise this. The oilseed production has dropped this year by a whopping 17 per cent to 23.26 million tonnes, falling below 24.38 million tonne harvested a decade ago in 1996-97. The dependence on imports for meeting the needs, which was […]

The Oil Crisis leads to gold and silver

On the surface we see that responsible forecasters have forecast oil to drop to $50, but already at the early stage of the oil year it has climbed to the mid-$60 level. On the surface we have media attention focused on the symptoms of these problems separately and without bringing them together as one would […]

Searching for alternative sources of energy

Likewise, solar panels can be located in the south of the Sakha (Yakutia) Republic, in north-east Russia. The weekly amount of solar energy falling on the Earth exceeds the total energy potential of global oil, coal and gas deposits. Alexander Asseyev, director of the Semiconductor Physics Institute at the Siberian department of the Russian Academy […]

Brazil buying more M’sian palm oil

Brazil, a major global producer of soyaoil, is buying more palm oil from Malaysia in an effort to meet its government’s mandate on the use of 2 per cent biodiesel (B2) content in diesel next year. Starting January 1 2008, the Brazilian Government has decreed that every diesel tank must contain 2 per cent of […]

Nigeria: Crude Oil Attracts US, EU to Gulf of Guinea

The Gulf of Guinea becomes interesting to the West because of the richness of its oil and mineral resources. This is the major factor attracting Western countries to the Gulf. The other attraction is because the Western countries see the states along the Gulf as not fully governed. And therefore they are capable of protecting […]

UAE to increase oil output up to 5mbpd

The UAE is set to increase its oil production to over five million barrel per day within the next seven years, UAE Foreign Minister Shaikh Abdullah bin Zayed Al Nahyan announced here yesterday. Shaikh Abdullah, who is on an official visit to China, also revealed that his country has embarked in recent years on alternative […]

Japan May Propose Specific Areas for Joint Gas Production

Japan has begun considering the possibility of proposing to China that the two nations specify areas in the East China Sea where they should jointly produce natural gas after first confirming a broad 2006 agreement on joint production, Japanese government officials said Saturday. Japan wants to secure Chinese consent for starting negotiations under the new […]

Chavez, oil companies on collision course

With President Hugo Chavez setting a May 1 deadline for an ambitious plan to wrest control of several major oil projects from American and European companies, a showdown is looming here over access to some of the most coveted energy resources outside the Middle East. Moving beyond empty threats to cut off all oil exports […]

Dangerous Curves Ahead

Decline curves graphically depict the rates at which oil and gas well production levels fall — or plummet — over time. They may also illustrate how unlikely it is that the world’s oil producers will be able to meet the expected increases in global demand. Energy giant ExxonMobil (NYSE: XOM) and the Energy Information Administration […]

Climate change around the world

A clickable map of what will happen where, with an extensive set of elucidations, arranged both by continent and general global warming topics. Links to further in depth pages are also provided. BBC

No April power cuts in Mumbai

There will be no power cuts in India’s financial capital, Mumbai (Bombay), in April, power companies say. One of the two main power suppliers to the city, Tata Power, has said it can cope with shortages this month. But it gave no guarantee of continuous electricity for residents in the peak summer months of May […]

How to read your oil price crystal ball

Also: How come no one is building new gasoline refineries? Last week Where will the price of oil stop?

Lester R. Brown: Plan B Budget for Restoring the Earth

The health of an economy cannot be separated from that of its natural support systems. More than half the worldRestoring the earth will take an enormous international effort, one even larger and more demanding than the often-cited Marshall Plan that helped rebuild war-torn Europe and Japan. And such an initiative must be undertaken at wartime […]

The New Silk Road

DUBAI, United Arab Emirates — When Chinese President Hu Jintao visited the oil giant Saudi Aramco last year, he didn’t need a translator. Plenty of Chinese-speaking Saudis were on hand. A few years earlier, Saudi Aramco had sent dozens of employees to study in Beijing. After all, China, not the United States, represents the future […]

Secret LNG Technical Conference

On Wednesday, April 25, 2007, at 9 a.m. (EDT), staff of the Office of Energy Projects will convene a cryogenic design and technical conference regarding the proposed Downeast LNG import terminal. The cryogenic conference will be held at the Calais Motor Inn at 663 Main Street, Calais, Maine 04619. For Calais Motor Inn details call […]

Human Migration In The Northern Polar Regions

Population movements and concentration have, since the 20th century, been more affected by outside factors such as the changes in policies reflecting market or state policies without a local character. The shift is causing damage to the social fabric of these societies. … According to (Csonka), some of the forced relocations and de-nomadisation since the […]

TOD: Simple mathematics – Saudi reserves, GOSPs and water injection

I thought that, with the indulgence of the more technically qualified of the commentators, I might take a little time to explain in my own way, some of the issues that were debated over the past week. And so this is going to be a little bit of a simplified technical explanation of some of […]

Iran says it’s able to make nuclear fuel

Iran announced Monday that it has begun enriching uranium with 3,000 centrifuges, a dramatic expansion of a nuclear program that has drawn U.N. sanctions and condemnation from the West. President Mahmoud Ahmadinejad said at a ceremony at the enrichment facility at Natanz that Iran was now capable of enriching nuclear fuel “on an industrial scale.”Asked […]

Fear and Loathing in Energy Coverage

…It Bad enough that Criminal Narrators Boosting Crude have driven this market into a speculative frenzy where 10 times more barrels of oil are bought and sold every month than can ever be delivered, but we thought we could at least look to the WSJ to provide “fair and balanced” information rather than more “fear […]

Steve’s Hot List

A sneak peak at the Blackstone’s Kailix Advisors hedge fund … “It’s like they got off the phone with T. Boone Pickens and said, ‘Help us out here. We’re starting up a hedge fund. What should we buy?,’ ” said StockPickr Chief Executive Officer James Altucher, who has written about the fund. He speculated that […]

Possibility of natural gas cartel isn

Despite meeting of producers, experts say market Unlike oil, which is traded on an exchange that constantly updates the market price based on supply and demand, most gas is sold under tight contracts that allow buyers to lock in prices for up to 25 years. The formation of a gas exchange has been difficult because […]

Gas powers discuss cartel, but soothe consumer fears

DOHA (Reuters) – Leading gas powers discussed on Monday the idea of transforming their benign grouping into an OPEC-style cartel, but sought to reassure consumer nations that it was business as usual for now. Host nation Qatar, home to the world’s third largest gas reserves, rejected the idea of a cartel and insisted the Gas […]

Saudi LPG Prices Up After Iran Standoff Boosts Crude Prices

Saudi Aramco and Kuwait Petroleum Corporation (KPC) raised their common April contract prices for liquid petroleum gas (LPG) for propane by 24 dollars a ton to 530 dollars a ton and for butane by 39 dollars a ton to 545 dollars a ton, the Middle East Economic Survey reported Monday. The Cyprus-based weekly publication said […]

Hu Returns Home From Russia Empty-Handed on Energy

The Year of China in Russia got off to a top-level handshaking start in Moscow this week, ensuring that whatever else might go amiss, visiting Chinese President Hu Jintao would have something to smile about, for the TV stations back home at least. But after three days of political pledges and promises with President Vladimir […]

Stop shopping … or the planet will go pop

Jonathon Porritt, the government’s green guru, says consumerism is now a lethal disease. ‘Many big ideas have struggled over the centuries to dominate the planet,’ begins the argument by Jonathon Porritt, government adviser and all-round environmental guru. ‘Fascism. Communism. Democracy. Religion. But only one has achieved total supremacy. Its compulsive attractions rob its followers of […]

Gas crunch likely as Mideast races to meet local needs

Dubai: Flush with cash from record oil revenues, Middle East crude producers have spent billions on economic development and now find themselves short of another energy source needed for growth – gas. The Middle East holds around 40 per cent of the world’s gas reserves, but produces only around 10 per cent of global supply. […]

Fidel Castro: Where Have All the Bees Gone?

…No one at Camp David answered the fundamental question. Where are the more than 500 million tons of corn and other cereals which the United States, Europe and wealthy nations require to produce the gallons of ethanol that big companies in the United States and other countries demand in exchange for their voluminous investments going […]

Meat, Gold, Corn and Peak Oil

Where’s the Beef?? It Better be in Your Freezer – Several different things I want to address first before getting to analysis of the HUI. The first one has to do with meat. The governments do not include the price of food or energy in the core rate of inflation (soon they will be including […]

Australia already on the ‘downside’ of Peak Oil

Australia has already peaked as an oil producer, MGSM Professor John Mathews said today. But the continued emphasis on fossil fuels – attempts at discovery and further infrastructure investment – mean that Australian companies are missing out on important business opportunities in renewable energies and biofuels.Professor Mathews drew attention to the disastrous state of Australia’s […]

Nuclear power enters global warming debate

The renewed push for legislation to cut greenhouse gas emissions could falter over an old debate: whether nuclear power should play a role in any federal attack on climate change. Congress, with added impetus from a Supreme Court ruling last week, appears more likely to pass comprehensive energy legislation. But nuclear power sharply divides lawmakers […]

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