U.S. Must Get Head out of Sand on Oil Dependency

The U.S. House Committee on Foreign Affairs on March 22 held a half-day public hearing on foxnews

What if coal is running out too?

If you doubt just how much future energy supply is dependent on coal, watch this slideshow by peak oil expert Matt Simmons. All hope of satisfying the massive projected growth in global energy demand rests on coal. But what if our core beliefs about coal are wrong? What if coal isn’t as abundant as we […]

Global Warming: Research Shows Need For Protected Areas

On April 6, the Intergovernmental Panel on Climate Change (IPCC) will release a report entitled Climate Change 2007: Impacts, Adaptation, and Vulnerability that focuses on how climate change is affecting the planet. One finding is an accelerated rate of species extinctions, with estimates of up to 1 million species at risk in coming decades. However, […]

FACTBOX-Oil major’s investments in renewable energy

The following are details of the main investments of the largest fully publicly-traded oil companies in the world, by market capitalisation, in wind power, solar, hydrogen, geothermal energy and biofuels. signonsandiego

Forecasters predict 9 Atlantic hurricanes in ‘07

The 2007 Atlantic hurricane season will be far more active than usual with nine hurricanes, and the United States has an above-average chance of being hit by a major storm, a closely watched forecasting team said on Tuesday. In an updated outlook, the Colorado State University forecasters led by pioneer researcher William Gray said the […]

Iraq Invites 15 International Oil Companies to Drill 50 Wells in the South

Iraq has invited 15 international oil companies to drill 50 new oil wells in southern oil fields which would increase the country’s output by 70,000 barrels a day, an Iraqi Oil Ministry spokesman said Tuesday. “The Oil Ministry has instructed the South Oil Company to invite 15 specialized and well known international oil companies to […]

Weighing the financial risks of nuclear power plants

New study of historical costs of nuclear power shows potential for high costs in future technologies. Enticed by the gleam of government subsidies, many companies are rushing to invest in nuclear power, expecting that new technology and safer reactors will make them as good an investment as other types of power plants. A new study […]

Offshore Union Calls for UK Oil Firms to Quit Niger Delta

An offshore union leader yesterday called on all British oil companies to pull out of the volatile Niger Delta region – as desperate efforts continued to free a Scottish oil worker. Gordon Gray was kidnapped four days ago by a gang of Nigerian rebels. Militants armed with AK47 assault rifles stormed the Bulford Dolphin drilling […]

Crude: Barrels of fun to crack you up

In 1949, the movie It Happens Every Spring chronicled the professional baseball exploits of a bookish US Midwestern science professor, played by Ray Milland, who discovers a chemical coating for baseballs that will make them impossible to hit. However, if somebody was making a movie called It Happens Every Spring in 2007, the subject would […]

Botswana may build solar-geothermal power plant

The Botswana government has called for companies to tender for the provision of consultancy services to conduct a prefeasibility study for the construction of a solar geothermal power plant in the country. BPC said that the country had an abundant solar energy resource, which had gone largely untapped, although it boasted one of the highest […]

Japanese Official Pessimistic About Gas Talks

Foreign Minister Taro Aso of Japan has said he is “not optimistic” about progress in talks with China over joint development of natural gas reserves in a disputed area of the East China Sea. Officials from China and Japan failed during talks Thursday in Tokyo to agree on how to jointly develop fields that may […]

Better than ethanol

Biobutanol, the plant based fuel similar to ethanol, promises more power and less transport headaches. But can it be done cheaply enough? NEW YORK (CNNMoney.com) — All of a sudden, everybody hates ethanol. Among the criticisms: Ethanol takes more energy to produce than it yields … it can’t be easily shipped … it’s driving up […]

Kernel of truth for corn

Rain and cold in the Midwest, coupled with falling prices, could put a damper on the planting record fueled by ethanol demand. NEW YORK (CNNMoney.com) — The corn market figures to be as unpredictable as, well, the weather over the next month or so. Price volatility in the past several days, coupled with unpredictable sways […]

New southeast Europe pipeline wins backing

ZAGREB (AFP) – A new 1,300-kilometer-long (806-mile-long) oil pipeline to link the Black Sea with Italy won support on Tuesday from the five southeast European countries involved in the project. Croatia, Italy, Romania, Serbia and Slovenia pledged to boost cooperation on a plan to build the new export route between the Romanian Black Sea port […]

The Oil Drum: Of Oil Supply trains and a thought on Ain Dar

One of the critical factors in making sure that there is enough of an energy supply to meet the growing international demand lies in the logistics of the supply train that is going to have to provide it. When CERA and others point to the totality of the available resource, as Nate is pointing out […]

America ‘unnecessarily at risk’ by looming fall-off in petroleum

… The endless calls by politicians for “energy independence” are perhaps the most striking example of how little this issue is understood by the people in charge. Former oil men George W. Bush and Dick Cheney cannot be among those in the dark on this, though they clearly have chosen not to make it an […]

Ghana: The Energy Crisis – Ghanaians Turn

…For over two decades Ghana has been having uncomfortable close encounters with the weather, leading to drastic reductions in the country’s main hydro-electric dam’s generating capacity. Now the dam is approaching near collapse due to a prolonged drought and the country is in dire need of alternative sources of power for the short, medium and […]

Lula: Petrobras Will Continue to Invest in Iran

Brazil’s state-run oil firm Petroleo Brasileiro SA (PETR4.BR), or Petrobras, will continue to invest in Iran despite U.S. concerns, President Luiz Inacio Lula da Silva told U.S. President George W. Bush, the Valor newspaper said Monday. Lula, speaking Saturday at a visit to Camp David, Md., said Iran is an “important trading partner” for Brazil […]

Forecasters predict 9 Atlantic hurricanes this year

MIAMI (Reuters) – The 2007 Atlantic hurricane season will be far more active than usual with 17 tropical storms, of which nine will grow into hurricanes, a noted U.S. forecasting team founded by William Gray said on Tuesday. If the prediction proves true, the June 1-November 30 hurricane season could mark a return to the […]

Brent maintains Iran premium over WTI

Brent crude futures prices moved close to $69 a barrel as lingering tensions between Iran and the west continued to lift oil prices. Since 15 British sailors and marines were captured 12 days ago, the Brent price has continued to trade at a wide premium to its US counterpart, the West Texas Intermediate contract. Brent […]

The Global Warming Survival Guide

51 Things We Can Do Can one person slow global warming? Actually, yes. You Part of special global warming issue of Time magazine.

Investigative Carte Blanche casts doubt on De Beers Fuel

Investors misled in biodiesel from algae scheme? The popular investigative programme Carte Blanche has cast doubt on the ability of much-feted biofuels startup De Beers Fuel to produce large volumes of biodiesel. De Beers Fuel of Mookgopong, in Limpopo De Beers Fuel founder Frik de Beer is on record saying that

Carbon-capture trials safest way forward

However, CCS techniques can also be applied to the use of biofuels. Biofuels are already carbon-neutral from the start. By capturing and storing their carbon, the energy system becomes radically carbon-negative. According to some researchers, such systems – called ‘Bio-Energy with Carbon Storage’external (BECS ) – can take us back to pre-industrial CO2 levels by […]

UAE awards Hormuz bypass oil pipeline contract

Abu DhabiIranOilGas.com

The proposed Iranian oil bourse will accelerate the fall of the US Empire

For the first time in history, in the twentieth century, America was able to tax the world indirectly, through inflation. It did not enforce the direct payment of taxes like all of its predecessor empires did, but distributed instead its own fiat currency, the US dollar. Here is how it worked. Early in the 20th […]

Iran crisis will put Asian economy in clear danger

Japan imports all its oil and almost 90 percent is from the Middle East, defined as the Gulf oil exporters plus Oman and Yemen. Asia’s two emerging economic giants, China and India, are also heavily reliant on the Middle East for their oil, India for about 70 percent of its imports and China for nearly […]

Using Oil to Understand Inflationary Pressures

Ah, at last the market has direction…right? A week ago the market sprang to life after the Federal Reserve announced its intention to hold interest rates at 5.25%. The Fed concluded its two year, 17 quarter-point consecutive rate hike in June of 2006. Since then we have seen inflation drop from a high of 4.32% […]

Clearing the ethanol air

Canadians, especially Barrie residents, need the straight facts about ethanol. Last Friday, a study by the Library of ParliamentBarrieExaminer

U.S Oil Companies Look to Invest in Riskier Regions

Major oil companies are looking to invest in increasingly risky corners of the world, as high oil prices and tightening access to oil reserves make these regions more attractive. As oil prices have increased, resource-rich countries such as Venezuela and Russia have tightened their grip on oil and gas assets, shrinking the pool of available […]

Brazil

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