The students of John Carroll’s Peak Oil class sat scattered across the rows of chairs in Huddleston Hall’s slightly lit ballroom. For them, the issue of peak oil is nothing new, but for most Americans peak oil is a term they have heard of very little. For Matthew Simmons, who studies the depletion of the […]
The Senate Foreign Relations Committee’s universally esteemed former chairman, Sen. Richard Lugar, R-Ind., and his home-state counterpart, Sen. Evan Bayh, D-Ind., have teamed up to sponsor this bill that would make it possible for all of those non-nuclear nations to obtain the nuclear fuel they require to build at last the nuclear-power installations they say […]
The Organization of Petroleum Exporting Countries is eyeing a formal review that could eventually lead to less investment in exploring for future oil supplies because of endless discussion in consuming nations to reduce fossil fuel demand and fight global warming. The International Energy Agency in Paris says crude oil, coal, and natural gas will remain […]
Rosneft said it had estimated proven reserves of 20.09 billion barrels of oil equivalent, including 15.96 billion barrels of oil and 24.76 trillion cubic feet of gas under the Society of Petroleum Engineers classification. Rosneft’s proven oil and gas condensate reserves rose by 7.3 percent in 2006, while its gas reserves increased by 1.5 percent. […]
Canada’s tar sands contain an estimated 175 billion barrels of recoverable oil, the biggest reserves outside the Middle East. Companies plan to spend as much as C$125 billion ($112 billion) to almost triple output from the deposits by 2015. Much of the production is to supply U.S. markets. Project costs have been inflated by competition […]
Exxon Mobil could use its long-idle Colony Project site to begin new research into extracting oil from shale, government regulators and industry experts say. News of the possible revival at the site comes nearly 25 years after Exxon Mobil predecessor Exxon Corp. shut down its oil-shale research at the Colony Project and threw thousands of […]
Klaus Lackner’s invention has been called many things — a wind scrubber, a synthetic tree, a carbon vacuum, even a giant fly swatter. The energy guru, inventor and professor at Columbia University prefers to call it an “air extractor.” By any name, however, Lackner predicts that the giant machines he is building will one day […]
Saudi Arabia, the world’s largest oil producer, may increase its oil production capacity by 48 percent in 2025 to meet rising global demand, Edinburgh-based consultant Wood Mackenzie said. The maximum pumping rate may rise to 16 million barrels a day, said Kate Broughton, head of oil research at Wood Mackenzie. Nearer-term, the country may miss […]
Iraq’s Oil Minister Hussein al-Shahristani Thursday warned international oil companies from signing oil contracts that bypass the federal government in Baghdad and the Oil Ministry, in a clear reference to deals signed by the Kurdistan Regional Government with a number of foreign firms. “Foreign companies shouldn’t sign any contract that isn’t through the federal government […]
A widely reported study sounding an alarm against using ethanol to replace gasoline is the most recent example of Stanford University’s energy research credibility being undercut by the school’s ties to ExxonMobil Corp., the Foundation for Taxpayer and Consumer Rights (FTCR) said April 26. Exxon, along with the other partners, receives five-year exclusive rights to […]
Production of ethanol from cellulose in mass quantities that are priced competitively with corn-based ethanol has not yet been possible. And without the cellulosic ethanol, the national goal for ethanol production to reduce oil imports will be impossible to reach, experts say. A critical step in producing cellulosic ethanol involves breaking down a plant’s cell […]
Australia is struggling to cope with the consequences of a devastating drought. As the world warms up, other countries should pay heed THE mouth of the Murray-Darling river sets an idyllic scene. Anglers in wide-brimmed sunhats wade waist-deep into the azure water. Pleasure boats cruise languidly around the sandbanks that dot the narrow channel leading […]
AMSTERDAM, Netherlands – It’s the new climate change dilemma: finding alternatives for oil and gas without doing more harm than good. In the rush to develop biofuels, forests are burned in Asia to clear land for palm oil, and swaths of the Amazon are stripped of diverse vegetation for soya and sugar plantations for ethanol. […]
BOGOTA, Colombia (AP) — A nationwide blackout hit Colombia on Thursday, with authorities struggling to determine the cause of the electrical grid’s collapse. President Alvaro Uribe told journalists in the southern city of Cali that authorities would “know in a few minutes” the cause of the blackout, which took place at about 10:15 a.m. local […]
ADDIS ABABA, Ethiopia – Ethiopia on Wednesday blamed its rival Eritrea for an attack on a Chinese-owned oil exploration field that killed 74 people, raising tensions between the neighbors who have yet to resolve a border issue following the end of a two-year war in 2000. The rebel Ogaden National Liberation Front, which has been […]
WASHINGTON D.C.Eurekalert
The remarkable new core was extracted during the recent Antarctic summer from record-setting drilling depths 4,214 feet below the sea floor beneath Antarctica’s Ross Ice Shelf, the Earth’s largest floating ice body. Laced with sediment dating from the present day to about 10 million years ago, the core provides a geologic record of the ice […]
Treasury Secretary Henry Paulson delivered an upbeat assessment of the slumping real estate market on Friday saying, “All the signs I look at” show “the housing market is at or near the bottom. …The details of the meltdown are being downplayed in the media to prevent panic-selling among the public. But the Fed knows what
Harvey Wasserman’s newly published “Solartopia!” is a breath of fresh air, blowing — well, whipping, at Great Plains velocity –across the thinking person’s vision of the future. … an informed, science-savvy vision of tomorrow that isn’t an eco-nightmare. …The setting is 2030; the premise is a flight in a hydrogen-fueled airship from Hamburg to Honolulu, […]
Researchers have identified potential culprits behind the wide-spread catastrophic death of honey bees around North America and Europe. A team of scientists from Edgewood Chemical Biological Center and University of California San Francisco identified both a virus and a parasite that are likely behind the recent sudden die-off of honey-bee colonies. Using a new technology […]
“China is going on an Atkins diet just when global food security is perceived to be facing a threat from ethanol” The “tortilla crisis” that shook Mexico in January may not have been a flash in the pan. If Jing Ulrich, the Hong Kong-based chairwoman of China equities at JPMorgan Chase & Co., is correct, […]
Examining the politics behind the U.S. government’s failure to act on the biggest environmental problem of our time. This is a Frontline documentary about global warming and politics. They have reports and interviews posted at the PBS web site. You can also view the entire program online there. PBS
LONDON – A group of British climate scientists is demanding changes to a skeptical documentary about global warming, saying there are grave errors in the program billed as a response to Al Gore’s “An Inconvenient Truth.” “The Great Global Warming Swindle” aired on British television in March and is coming out soon on DVD. It […]
LONDON (Reuters) – Britain’s Millennium Seed Bank filed away its one billionth seed on Thursday in a race against time to save the world’s plants from global warming wipe-out. The bank, in a deep basement near the sleepy town of Ardingly some 35 miles south of London, already holds seeds of more than 18,000 wild […]
REFUELLING at gas stations countrywide is turning out to be the worst nightmare for motorists. They have to chase around for hours, for what has surprisingly become the scarcest of commodities – diesel. As the fuel crisis escalates queues of frustrated city motorists are forming out at fuel-starved stations, rationing has spread, pump prices are […]
Professor Al Bartlett of Colorado University is well-known in sustainability circles for his contributions to the population debate and especially for his famous lecture, In this paper, Bartlett draws on the work of M. King Hubbert, who developed a concept for forecasting the nationwide or worldwide production of non-renewable fossil fuel resources: in short, that […]
ST. LOUIS (Reuters) – New ways to gasify coal are emerging that could help reduce the cost of managing the fuel’s greenhouse gas emissions, officials at small companies said. Big U.S. utilities are beginning to consider using heat and pressure to turn coal into a natural gas-like fuel at power plants because it can reduce […]
Prices were supposed to peak below $3 a gallon, but refinery problems, strong demand could push them much higher. NEW YORK (CNNMoney.com) — Gasoline prices, already above $3 a gallon in some states, could charge higher this summer and hit $4 a gallon in some locations, according to one industry expert. Pump prices were supposed […]
by John Michael Greer In previous posts on this blog I Mind you, the last few centuries of intellectual history make statements like this remarkably easy to misunderstand. Like those people who use the word
ANKARA, Turkey (UPI) — Turkish officials say meetings with Iraqi leaders last week included new oil export deals with Baghdad, bypassing Iraqi Kurds. Turkey threatened to stop exporting needed fuel products to Iraq after Baghdad told Ankara it would have to deal with the Kurdistan Regional Government regarding shipments. Kurdistan, like the rest of Iraq, […]
Oil News Categories
Recent Board Topics
Archive
LATEST NEWS HEADLINES

Member Comments
PO Real Time
No tweets available