Following China’s Richest Man… Into Canada

Li Ka-shing didn’t know quite what he had when he acquired Husky Oil… Back in 1987, the man who has become China’s richest man bought a controlling stake in the small Canadian oil & gas driller. Husky quickly grew production by 11,000 barrels per day through 1989 and doubled its natural gas production in just […]

Oil, industrial production grow 4.2%, 7.5% in 1Q07

Oil output in Russia grew 4.2% in the first quarter of 2007 year-on-year to 121.2 million metric tons (about 890 million bbl) while industrial output climbed 7.5%, the federal statistics body said Thursday. Crude sales on the domestic market in January-March grew 6.5% to 56.2 million metric tons (413 million bbl), and exports edged up […]

Iraq is on the verge of collapse

Iraq’s government has lost control of vast areas to powerful local factions and the country is on the verge of collapse and fragmentation, a leading British think-tank said on Thursday. Chatham House also said there was not one civil war in Iraq, but “several civil wars” between rival communities, and accused Iraq’s main neighbours — […]

Biofuel Prodution to Trigger Corn Shortage in Guatemala

Corn will be scarce in Guatemala in the coming months due to the huge demand in the United States for ethanol production, which is buying and hoarding massive amounts of the grain. According to Granma newspaper, in the last six months, a bushel of corn (56 pounds), doubled its price on the US market, from […]

Rise of biofuel crops threatens native tribes

Indigenous people are being pushed off their lands to make way for an expansion of biofuel crops around the world, threatening to destroy their cultures by forcing them into big cities, the head of a U.N. panel said Monday. Victoria Tauli-Corpuz, chairwoman of the U.N. Permanent Forum on Indigenous Issues, said some of the native […]

Greens angered by 1m flights giveaway

The giveaway comes as Ryanair struggles to fill its planes amid an unexpected drop in demand across the low-cost airline industry during April. The airlines have been hit hard by the doubling in air passenger duty just as they have been taking delivery of new planes and opening up scores of new routes. What the […]

Should petrol supplies be limited?

Imagine a time when petrol supplies are strictly rationed to help combat global warming. In such a world, a country’s annual quota could mean prices sky-rocketing towards the end of the year as supplies dwindle, before crashing back down again in January. It would certainly reduce Christmas trips to visit relatives, while roads would likely […]

Bicyclists, transit officials and environmentalists happy about high gas prices

The $3 gas prices posted at the station he passes on the way to work give Kevin Ishaug 20 miles to gloat over how much he saves commuting by bike. Ishaug, owner of the Freewheel Bike shop in Minneapolis, is one of those people who welcome higher prices at the pump. It brings more people […]

EC calls for international agreement on energy efficiency

European energy commissioner Andris Piebalgs has called for the development of an international framework agreement on energy efficiency to help establish common approaches to saving energy on a global level. Mr Piebalgs highlighted the need for a truly multi-lateral partnership for energy efficiency and said that, initially, the agreement would involve member countries of the […]

The Peak Oil Crisis: Alarms Are Sounding

Across the world alarm bells are starting to clang. Above every gas station, a large sign is proclaiming that prices are on an unstoppable climb towards un-affordability. In Paris, the International Energy Agency has announced that the demand for oil is likely to exceed the supply later this year, unless, of course, OPEC steps up […]

Huge Chinese oil field may be bigger than thought

Latest explorations indicate that China’s newly found Jidong Nanpu oil field in Bohai Bay may have more reserves than previously estimated, state media reported Thursday. “The Jidong Nanpu oil field has huge and quality reserves of up to five million tonnes per square kilometre,” PetroChina president Jiang Jiemin said on Wednesday, according to the China […]

Russia draws Europe into its orbit

On May 9, the Chinese People’s Daily admitted, “If we look at US-Russian relations closely, it is clear that we are standing at the edge of a new cold war.” It was an assessment long in coming. Chinese commentaries in recent months have tended to view the growing tension in Russia’s relations with the United […]

How the Hippies are finally changing the world through Eco Villages

When you read or hear the term Eco Village, what kind of images spring to mind? A group of hippies with a bent for mung beans, living together in huts made from cow dung with a penchant for, well, not wearing any clothes? That’s not the idea Paul Antonelli from Greenedge Projects has. His company […]

Big Oil Attacked Over Record Gas Prices

NEW YORK (CNNMoney.com) — Big Oil went on the defensive Wednesday, denying accusations by a consumer group that mismanagement and a lack of competition are the reasons behind this spring’s record gasoline prices. Gas prices hit $3.10 a gallon Wednesday, according to AAA. It’s the fourth record day in a row, and the surge has […]

Intentional Communities: How Twin Oaks Made it to 40

Alexis Zeigler* came at age 18, he says, At the end of the trip lives another idea. Members of Twin Oaks say it

Non-OPEC peak oil threat receding

Non-OPEC peak oil, or the point of maximum production of oil, will not occur before 2014, according to industry analysts Wood Mackenzie. The company has disputed views that a pinnacle may be in sight and contends strong supply growth will prevail in the short term. Barring unexpected disruptions to production, Wood Mackenzie expects total global […]

Power industry warns on high price of

The UK power industry has told the Government that the development of Centrica, the UK

Save gas, save money

12 tips travelers can embrace to ease the pain at the pump A full tank and an empty wallet And they surely won

Venezuela Private Oil Rig Ops May Drop on Nationalist Risk

Venezuela’s threats to “nationalize” 18 oil rigs currently operated by outside firms sent a shock wave through the local oil services industry at a time these services are in high demand around the globe. Executives at drilling firms said foreign rig operators could easily try and move equipment to other markets if the business environment […]

California to rank greenhouse gas content of fuels

California on Friday will unveil a ranking of greenhouse gas emissions from motor fuels with the goal of encouraging people to use low-carbon alternatives. Scientists will reveal the formula for calculating the amount of greenhouse gases emitted from the full cycle of fuels The rankings will calculate emissions of inputs used to make the fuels, […]

The Oil Drum: Ecological Footprint, Energy Consumption, and the Looming Collapse

This article explores dynamic relations governing population growth, resource depletion, and world economics by means of a few simple modeling and simulation exercises. To this end, we start out by exploring the concept of an ecological footprint, representing the amount of land that a person needs to produce everything that he or she consumes: food, […]

EU launches platform to promote bioenergy in semi-arid Africa

The EU has launched an ambitious project to study and implement bioenergy projects in the semi-arid and arid regions of Africa, aimed at bringing modern biofuels to local populations, as well as exporting green fuels to world markets. Dubbed ‘COMPETE’ (Competence Platform on Energy Crop and Agroforestry Systems for Arid and Semi-arid Ecosystems – Africa), […]

Motorists will pay for energy ’solution’

IF YOU think gasoline costs too much now, just wait until President Bush and Congress get around to solving the energy crisis. On Monday the president gave a speech touting his plan to reduce gas consumption by 20 percent in the next 10 years. He didn’t say so explicitly, but it’s clear he intends to […]

Congress urged to ease pain of gas prices

NEW YORK – The average U.S. household is already spending $1,000 more per year on gasoline than it did five years ago, two consumer groups say in testimony they planned to present to a House Judiciary Committee task force Wednesday. That’s an increase of 85 percent, and rural households have been hardest hit because they […]

Matt Simmons: Searing Summer of Gasoline Shortages

Energy investment banker, author takes stock of U.S. gasoline inventories and finds problems ahead. Here is a quick run down on the possible disaster we face this summer as we head into Memorial Day with the lowest beginning-of-driving-season stocks in US history. It would have been convenient had someone found out exactly what Minimum Operating […]

Norway government eases 2007 projected oil, gas production

The Norwegian ministry of petroleum and energy has downwardly revised the country’s projected oil and gas production this year, cutting its total production figure to 243 mln cubic metres of oil equivalent (cmoe) from 249 mln last year. This compares to a previous forecast of 268 mln cmoe, provided at the time of its budget […]

What Happens After US Withdrawal from Iraq?

It seems that the question being asked behind the scenes in Washington today is not whether or not the US forces will withdraw from Iraq, but when and how, and, more importantly, who will take the place of the US troops in Iraq? DarAlHayat

’70s-style gasoline crisis possible, Senate told

The bad news: Gasoline prices will be high all summer. The good news: Supplies will be adequate. The scary news: A strong hurricane in the Gulf of Mexico could knock out refineries and quickly send pump prices soaring. “We are one major incident away from a 1970s-style gasoline crisis,” Paul Sankey, an oil analyst, warned […]

Ghana: The Energy Crisis

IN THE face of the current worsening energy crisis in Ghana, the country requires about $4.5 billion in the short to medium term to meet the infrastructure requirements for reliable and efficient production and supply of energy, the Minister for Energy, Mr. Kofi Adda has said. According to him, ensuring reliable supply of affordable energy […]

Gas prices, anger rising

Bay Area gas prices jumped 14 cents a gallon in the last month and the national average reached a record high Tuesday, prompting cries of outrage from consumers and a call for a congressional investigation. But some relief may be in the offing. A gallon of regular unleaded gasoline jumped to $3.61 in the Bay […]

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