Giuliani: New Gulf Oil Drilling Needs Discussion

Republican presidential candidate Rudy Giuliani on Wednesday said everything has to be considered if the United States wants to break its reliance on foreign oil, including more drilling off Florida’s coast. Calling the energy supply a major domestic problem, Giuliani said the nation needs to focus on nuclear power production and renewable energy sources. In […]

Arizona economists say Iraq exit alone unlikely to impact oil prices

Republicans — including Arizona Sen. John McCain and Phoenix Congressman John Shadegg — warn that a U.S. withdrawal from Iraq will destabilize the country and could spill over to other oil-rich Middle Eastern markets. But economists say a U.S. exit from Iraq is unlikely to push gasoline and crude oil prices higher in the long-term […]

Oil and gas supply squeeze looms

A looming tightness in oil and natural gas supplies across North America promises to mitigate the threat of impending carbon emission taxes on oilpatch profits, a CIBC World Markets analyst said Tuesday. Commodity prices already are starting to climb on strong demand and concerns about a supply crunch, Jeff Rubin, chief economist with CIBC World […]

Decline in U.S. gasoline inventories nudges up oil prices

Oil prices edged up today as a larger-than-expected decline in gasoline inventories in the United States raised concerns about tight supplies ahead of the summer driving season. A weekly report released Wednesday by the U.S. Energy Information Administration showed that gasoline inventories declined for the eighth straight week and that demand is still strong. DailyMail

Save the panic for an actual oil crisis

They come with metronomic regularity, these media stories about “soaring” gasoline prices and the causes thereof, news stories that always identify the same two culprits, supply and demand. The stories always give various reasons why supplies are tight — more often, why prices include a risk premium based on fears that supplies might become tight […]

Opec idea to loom over gas producers meeting

Big gas powers meet in Qatar on Monday when they are expected to tackle issues ranging from soaring production costs to whether they could ever set up a price-fixing cartel. Speculation that the Gas Exporting Countries Forum (GECF) is seeking to form the gas equivalent of the Organization of the Petroleum Exporting Countries (Opec) has […]

China, US, Russia looking to tone down UN climate report

Some of the world’s biggest polluters have threatened to derail a new UN-backed global climate report, questioning its scientific basis and working to tone down its language before the report is released later this week, according to delegates at the climate conference in Brussels Wednesday. The United States, Russia and China have reportedly taken the […]

Faced with a lack of energy options, Thailand looks to coal

As the Thai economy continues its steady growth, policymakers are drafting energy strategies with a view toward keeping the lights on for the next 15 years. To do that, planners say, Thailand must nearly double its electricity production to about 55,000 megawatts each year. But as Thailand is learning and Malaysia has already discovered, coal […]

U.N. Study Shows Likely Impact of Global Warming

The latest United Nations assessment of the role of humans in global warming has found with “high confidence” that greenhouse gas emissions are at least partly responsible for a host of changes already under way, including longer growing seasons and shrinking glaciers. A summary of the working draft of the report, to be released Friday […]

Mars in global warming debate

Climate change sceptics have seized on news that Mars is heating up to back their claim that humans are not causing Earthly global warming. The research comes from US planetary scientists, who suggest the Red Planet warmed by about 0.65C from the 1970s to the 1990s, similar to Earth’s 0.6C average temperature rise during the […]

The Energy Enigma: Europe is wandering aimlessly into the abyss.

Possibilities do exist for the use of renewable energy sources to supplant existing sources of power generation. However, if the E.U. fails to develop a concrete energy policy, then renewables can play only a small and limited role in meeting Europe’s immediate energy needs. Unless there is the political will to reform the tax system, […]

Flying wind farms

If it ever seems windy where you live, be thankful you do not live 10km up in the air. At that height, the jet-stream winds blow stronger and more constantly than ground level winds, carrying up to a hundred times more energy. So, just as oil companies are drilling deeper and in more remote locations […]

Australia ‘can’t defend’ Antarctic oil

Australia claims almost half of Antarctica but has negligible capacity to fend off an interloper intent on seizing territory or pirating resources. A paper released today by the Australian Strategic Policy Institute (ASPI) said Antarctica was effectively demilitarised, peaceful and with a ban on mineral resource exploration until 2048. But attitudes could change quickly, especially […]

Despite belief in peak oil, Pickens still believes in oil and gas

After 56 years in the oil and gas business, T. Boone Pickens still believes in the business. “All I can see is the future of the oil and gas industry as we know it is good,” he said. “The biggest problem we have is finding oil and gas. I see a great future for energy […]

Shell to raise Nigerian oil production

A year after being forced to shut down more than half of its oil output in Nigeria because of militant violence, Royal Dutch Shell said it expected to resume full production within the next “five to six months,” after agreeing with local communities that it could safely return to the Niger Delta.“We see this year […]

The answer isn’t ethanol

Before we become too sanguine regarding the use of ethanol to reduce our dependence on imported oil, it is worth looking at a report by Lester Brown, one of the nation’s leading agricultural and environmental analysts. This report by Brown, the founder of the Earth Policy Institute, should give pause to even the most optimistic […]

The Peak Oil Crisis: The GAO Report

Suppose the GAO staff really had studied and debated the evidence and concluded, as others have, that world oil production has already plateaued if not peaked. Suppose, they went on to say it is unlikely that world oil production will ever again increase significantly and that when you throw in all geopolitical factors – wars, […]

New pipeline proposed to secure European oil supplies

European energy commissioner Andris Piebalgs and five southern European countries have signed an agreement outlining the next steps to build a pipeline which will transport oil directly from the Black Sea to central European markets. The European Commission (EC) said in a press release that it fully supports the plan, as it will eliminate the […]

Blueberries may be key to cheaper solar power

Professor Aldo Di Carlo in the Department of Electronic Engineering at the University of Rome Tor Vergata in Italy is a big fan of blueberries. He likes them, but not only to eat. When Di Carlo sees a blueberry, what he really sees is a potential energy source. He is leading a research team that […]

India launches ethanol-blended petrol

India says it will launch on Thursday road shows to promote ethanol-blended petrol gasoline across the country. “The Ministry of Petroleum and Natural Gas has begun implementing 5 percent ethanol-blended petrol program in selective zones countrywide,” a ministry spokesman said. upi

Is Big Oil Curbing Ethanol Growth?

There is a very interesting story in the front page of Monday yahoo

Department of Defense Begins Testing of O2Diesel’s New Alternative Fuel Blend

O2Diesel Corporation (AMEX:OTD – News) announced today that it has begun field testing a new renewable fuel being developed for the U.S. Department of Defense. A demonstration fleet at Nellis Air Force Base in Las Vegas, Nevada, is now using the new fuel, O2Biodiesel, composed of 28% renewable sources — ethanol, biodiesel, and the company’s […]

Top VCs plug into renewable energy

But of what? A “revolutionary” shift away from fossil fuels, an incremental innovation, a portfolio-liquifying meltdown? All of the above, no doubt. For all the high-flown rhetoric about defibrillating the whales and refrosting the ice caps, much of the excitement around renewable energy centers on the vast financial rewards, and risks, awaiting investors piling into […]

4 dollars a gallon

For the past two weeks, Iran has not just been holding 15 British soldiers captive; it’s been holding the world’s oil markets hostage, too. “There’s been a five or six dollar premium that’s been built into the price of oil over this,” said Phil Flynn, vice president and energy analyst at Alaron Trading. “Even though […]

DOE Does Not Accept Initial SPR Bids

WASHINGTON, DC – The U.S. Department of Energy’s Office of Fossil Energy today said that it had reviewed, and deemed unacceptable, the bids that it had received in response to a solicitation to purchase up to four million barrels of crude oil for the Strategic Petroleum Reserve (SPR). The Office of Fossil Energy determined that […]

Back from the Dead? The Future of EV Powered Cars

It’s a sunny afternoon and I am doing yet another lap on the famed Laguna Seca Raceway right outside of Monterey, California. I’ve driven here before – usually in something small, sporty and insanely fast. I’ve done hot laps in sports cars with a pro behind the wheel, dived deep into turns 8 and 8A […]

Prize to Inspire Super-Efficient Vehicles

The non-profit X Prize Foundation, known worldwide for its efforts to encourage private spaceflight, is launching a new competition to develop super-efficient vehicles that are capable of succeeding in the marketplace. The international, multi-year challenge aims to inspire teams to build desirable, affordable, fuel-efficient, and production-capable vehicles by offering a multi-million dollar cash purse. The […]

Corny Energy ‘Solution’

Last stage of denial: ethanol will save us! Citizens in industrialized societies, including Canada, will cling to their extravagant lifestyles and massive over-consumption for a while yet, it seems. Global climate change is still seen by most people — even those who have no doubt of its human origins — as something that can be […]

Postponing the Effects of Peak Oil

In honor of the U.S. Government Accountability Office’s (GAO) report warning us of the effects of peak oil, this week we’ll examine its recommendations on how to delay the catastrophe. The global peak in oil production is right around the corner, and closer than you might think. World oil consumption is steadily rising, yet production […]

Denial in the Desert

… Some climatologists have not hesitated to call this a “mega-drought,” even the “worst in 500 years.” Others have been more cautious, not yet sure whether the current aridity in the West has surpassed the notorious thresholds of the 1930s (the Dust Bowl in the southern Plains) or 1950s (devastating drought in the Southwest). But […]

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