”Untapped: The Scramble for Africa’s Oil”

We begin today’s broadcast with a look at Africa and oil. It’s a little known fact: the United States today imports more oil from Africa than from Saudi Arabia. More than $50 billion in foreign investment in African oil is expected over the next three years. What has this oil boom meant for Africa’s ordinary […]

Tourists go green with cars instead of planes

British families have traditionally flooded airport departure lounges every summer in an attempt to escape to sunnier climes. But research published yesterday suggests the trend has taken a downturn as holidaymakers prepare to take their holidays by car, motivated by the environmental impact of flying, A fifth of Britons are planning a British driving holiday […]

City mayors agree to cut energy consumption

The mayors of the world’s biggest cities have ended a summit in New York with an agreement to make huge cuts in energy consumption. The plan will see five global banks provide the finance to make buildings cleaner and greener. Six Asia Pacific cities have signed up, including Bangkok, Karachi, Melbourne, Mumbai, Seoul and Tokyo. […]

Changing energy paradigm

Recent surveys of global company executives and consumers show a growing shift in awareness of energy consumption. More than 1,000 consumers were asked, ‘If utilities buying renewable power on your behalf raised your rates 5 percent for the same amount of power and the entire cost was attributable to the higher price of renewables, would […]

More people leaving power lines and going ”off the grid”

Before power lines, people had no choice. They used lanterns, lit fires for warmth and packed away winter ice against hot summers. But now, a growing number of Americans are shunning power lines, choosing to live “off the grid,” without commercial power — and still enjoying their computers and large-screen televisions.Off-the-grid residents have a guaranteed […]

Venezuela oil export revenues fall sharply in first quarter

Venezuela’s revenues from crude exports by the state oil company fell 10 percent in the first three months of this year amid lower prices, OPEC-mandated production cuts and reports of falling production at the South American country.The figures come amid increasing doubts about the health of Venezuela’s oil industry, whose output has been steadily declining […]

Orinoco Seizure by Hugo Chavez Threatens Global Oil Stability

By seizing control of the Orinoco tar sands, Venezuelan President Hugo Chavez delivered a stunning blow to US oil security. If the world economy worked in the way postulated by the globalizers his action would hardly have mattered, except to the unfortunate shareholders of the affected oil companies. However, the world economy doesn’t work that […]

Who Is Stealing Iraq’s Oil?

By Robert BaerIt took quite a while, but it appears that the Bush Administration has finally gotten around to acknowledging that Iraq has an oil problem. The Government Accountability Office is about to release a report that estimates 100,000 to 300,000 barrels of oil goes missing every month. According to the New York Times, the […]

The Peak Oil crisis will also impact on agriculture in a massive way!

The Peak Oil crisis will not only mean a shortage of fuel for transport and heating – it will also mean a major loss in the production of high energy fertilisers – impacting massively on crop yields! Yesterday’s publication of the first in our Peak Oil series reports has sparked some debate and generated feedback […]

Between Fossil Fools and Peak-Oil Prophets

There’s a fine line between fools and prophets. Talisman Energy CEO Jim Buckee treads it boldly, and his recent Peak Oil proclamation is certain to ruffle some feathers. “I think it’s fair to say the era of cheap energy is over,” Buckee told his company’s annual conference last week. And he should know. From his […]

Study: Southern Ocean saturated with CO2

WASHINGTON (Reuters) — The Southern Ocean around Antarctica is so loaded with carbon dioxide that it can barely absorb any more, so more of the gas will stay in the atmosphere to warm up the planet, scientists reported Thursday. Human activity is the main culprit, said researcher Corinne Le Quere, who called the finding very […]

Gas prices make consumers seek new plans

NEW YORK – Before Angie and Donald Roberts get into their car to travel to the beach, they go online to determine where gasoline prices are lowest along their route. Jamie Hampton and her fiance, Adrian Ortiz, like to get away by driving their Volkswagen van to a campground and leaving it parked while they […]

Carbon sequestration field test begins

WASHINGTON, May 16 (UPI) — The U.S. Department of Energy says its Midwest Geological Sequestration Consortium has started its first enhanced oil recovery field test in Illinois. The test is designed to evaluate the potential for geologic sequestration in mature Illinois oil reservoirs as part of an enhanced oil recovery program. The process involves the […]

Wave power tipped as ‘holy grail’ for Australia

SYDNEY (AFP) – New technology harnessing wave energy could be the “holy grail” for providing electricity and drinking water to Australia’s major cities, Industry Minister Ian MacFarlane said Thursday. The technology, developed with the help of more than 770 million dollars (636 million US) in seed funding from the government, works through fields of submerged […]

The Man Who Wrote the Book on Algal Biodiesel

…Here is a guest post from a man who knows as much about this subject as anyone else in the world. And he bears bad news for those who had visions of driving around in algae-fueled transportation. …The claims for biodiesel production rates being made by GFT, among many others in this field, exceed anything […]

Canada: Politicians must reign in out of control gas prices

It is highly unlikely that the province Under such a system, companies would have to apply to the commission before changing their prices. Unfortunately, this system has little chance of success. Price regulation has been in place on Canada

Russian Oil Companies Push East for New Growth

Russia is scrambling to unlock the vast oil wealth of East Siberia to keep crude output in the world’s largest oil producer from falling. But to succeed, Russian companies will need deep pockets. High oil prices have helped Russian oil companies post record profits in recent quarters. Yet as output growth from Russia’s main oilfields […]

Nigerian politician’s house bombed

LAGOS, Nigeria – Attackers blew up the country home of Nigeria’s vice president-elect with dynamite Wednesday, authorities said, as violence escalated in the country’s oil-rich south before a government handover this month. Militant groups making an array of demands, including a greater share of government oil revenues, have carried out bombings, kidnappings and protests since […]

Say no to bigger suburbia, American journalist says

Urban sprawl should be on its last legs, says an American journalist. “Suburban development will have to come off the menu,” James Howard Kunstler said in an interview this week from his home in Saratoga Springs in upstate New York. The author, urbanist and painter has for years criticized America

Gas prices won’t deter Memorial Day travelers

WASHINGTON – Despite record fuel prices above $3 per gallon, more Americans will travel by car over the Memorial Day holiday weekend than a year ago, according to a survey by travel agency AAA. In a sign that energy costs will affect behavior, however, AAA said travelers are planning to stay closer to home and […]

Houston Valero refinery is off line

Valero’s Houston refinery will be off line until sometime next week because of boiler and steam system problems, the company said Wednesday. All of the plant’s 64,000 barrels per day of gasoline and 44,000 barrels per day of distillate production is off line because of the problem. Distillate includes diesel fuel and heating oil. “We […]

Experts say oil refineries stretched too thin

WASHINGTON “We may have an emergency this summer,” Deutsche Bank’s lead oil analyst, Paul Sankey, said. Testifying on a day when the U.S. average gasoline price broke a record, not adjusted for inflation, for a third-consecutive day, experts from government and private sectors said refineries are stretched thin, helping to boost prices. There have been […]

David Strahan: What Stern got wrong

The Stern review on the economics of climate change completely fails to acknowledge the imminent decline in global oil production The Stern review on the economics of climate change was published to almost universal acclaim, and six months on, only a handful of economists have found anything to criticise. In one sense, Stern Some economists […]

Anatomy of an oil discovery

On March 27th, Rigzone reported a new oil discovery by Petrochina in Bohai Bay. The Nanpu block of the Jidong field was said to hold 2.2 billion barrels of oil, supporting a flow of 200 thousand barrels of day within three years. On May 3rd, PetroChina announced that the earlier number was far too low. […]

Why ethanol backfires

POLICYMAKERS and legislators often fail to consider the law of unintended consequences. The latest example is their attempt to reduce the United States’ dependence on imported oil by shifting a big share of the nation’s largest crop, corn, to the production of ethanol for fueling automobiles. Good goal, bad policy. In fact, ethanol will do […]

OPEC doesn’t see need to boost oil supply before summer, top official

OPEC doesn’t see a need to boost oil supplies before the summer and will stick to its view that global oil markets are amply supplied, a top official from the group said Thursday. “There’s no need for us to do more,” Abdulla Salem el-Badri, secretary-general of the Organization of Petroleum Exporting Countries, told Dow Jones […]

Why gasoline prices are rising while oil isn’t

Last summer when oil traded at a record high near $79 a barrel, gas at the pump went for about $3.03 a gallon. Today, crude’s about $62.50 a barrel and a gallon of regular unleaded costs $3.10 Doesn’t seem right, does it? The price of a barrel of crude ought to be a better benchmark […]

China to fill Aoshan tanks with Mideast oil by June

China will make its first crude fill into its second strategic oil storage facility at Aoshan by the end of May, signalling Beijing’s determination to bolster its emergency inventories despite high oil prices. The delivery of about 2 million barrels of Middle East crude into Aoshan comes after the world’s second-largest consumer finished filling its […]

Analysis: Shell takes hit in Nigeria

Foreign oil in Nigeria suffered another setback this week when protestors attacked a remote pipeline forcing 170,000 barrels of production offline. The Shell Petroleum Development Co. – a joint venture among several companies including Nigerian National Petroleum Company, Total SA, and Eni SpA – lost 137,000 barrels per day in production when a valve on […]

Venezuela tells oil companies: Obey or leave country

Venezuela has every right to take control of its energy resources and international companies which do not accept the countryGulfTimes

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy