World oil demand to reach 85.4 mln barrels a day in 2007: OPEC

The world’s daily demand for oil will reach 85.4 million barrels this year, up 1.2 million from 2006, said the Organization of Petroleum Exporting Countries’ (OPEC) Secretariat Tuesday in its monthly report. The estimate remained unchanged from that of the April report. However, the cartel’s prediction for global economic growth stood at 4.8 percent, up […]

Venezuelan oil output hits 2.35 million bpd

Oil production in Venezuela dropped 40,000 bpd in April, according to the International Energy Agency. Therefore, Venezuelan oil output in April averaged 2.35 million bpd. The Paris-based organization said migration of four strategic partnerships operating in heavy crude oil Orinoco belt to joint ventures where the Venezuelan state holds a majority stake has resulted in […]

Locals seize Nigeria oil facility

Angry Ogoni youths have taken over an oil facility in Nigeria’s volatile Niger Delta region leading to cuts in oil production, officials say. The villagers, angered by oil spills from pipelines running through their community say they will not leave until they are paid compensation. The protests have led Royal Dutch Shell Plc to reduce […]

Pakistan, S Arabia may pose bigger problems than Iraq, Afghanistan

Security collapse in Pakistan and Saudi Arabia could pose far greater problems for the west than either Iraq or Afghanistan, a former US general said on Tuesday, according to the Australian Associated Press news agency. General John Abizaid, who headed US Central Command from 2003 until retiring in 2007, said the problem was that Pakistan […]

How Much Is Left?

World oil production reaches the peak by 2020-40, the rate will be 90-100 million b/d, only 10-20% higher than it was in 2005. Peak is likely to last 20-30 years before production begins its ultimate decline. bulletin

Big gains by Iran on nuclear fuel, finds IAEA

Inspectors for the International Atomic Energy Agency (IAEA) have concluded that Iran appears to have solved most of its technological problems and is beginning to enrich uranium on a far larger scale than before, according to the agency indianexpress

Next-Gen Energy Conference: Moore’s Law for solar?

Tom Werner, CEO of solar cell and panel maker SunPower Corp., disagreed, insisting that the Intel Corp. co-founder Gordon Moore’s famous dictum applies to the increase in solar tech efficiency. “We’re where semiconductors were 20 or 30 years ago,” he said. “Solar’s on the verge of going mainstream and will become a much bigger industry,” […]

Saudi discovers 2 new fields

Saudi Arabia has discovered two new oilfields near Ghawar, the world’s largest field, Oil Minister Ali Al Naimi said. Output from one of the fields was light crude with an API gravity measure of 35 degrees. The Derwaza-1 well on that field, 70 km southeast of Ghawar, produced 5,569 barrels per day of oil and […]

Iraqi Government Resists US Pressure to Enact Oil Law

It has not even reached parliament, but the oil law that U.S. officials call vital to ending Iraq’s civil war is in serious trouble among Iraqi lawmakers, many of whom see it as a sloppy document rushed forward to satisfy Washington’s clock. The objections are as vast and technical as the measure itself and reflect […]

The $100 Barrel of Oil

Will oil hit $100 per barrel? That, surprisingly, is an easier question because there is one indicator that may give you a pretty good idea: the U.S. response to Iraq’s civil war. To date, the U.S.’ Iraq strategy has lagged fatefully behind conditions on the ground. If we continue on our current path, the risk […]

California-Sized Area of Ice Melts in Antarctica

Satellite data collected by the scientists between July 1999 and July 2005 showed clear signs that melting had occurred in multiple distinct regions, including far inland and at high latitudes and elevations, where melt had been considered unlikely. yahoo

IEA Warns Russia, Iran Against Pushing ‘Resource Nationalism’

Ministers of International Energy Agency member states warned major natural gas producers such as Russia and Iran on Tuesday against disrupting energy markets with production-adjusting actions based on nationalism and using their rich resources as leverage over others, IEA officials said. “If energy-producing countries strengthen state control (on production) in an excessive manner, that may […]

Hydrogen cars may be a long time coming

President Bush’s goal of putting the next generation of Americans into cars fueled by hydrogen is slipping away. Alternatives include hybrid cars, plug-in hybrids, diesels, biofuels, improved conventional fuels and more efficient engines. realcities

Asian dust plume might sway U.S. climate: scientists

Asian desert dust and city pollution is swirling in vast plumes across the Pacific to North America, interacting with storms and possibly spurring climate change, an airborne scientist said on Tuesday. “This is why dust and soot getting into the higher layers is so important,” Ramanathan wrote. “This is what makes a local (problem) into […]

Why $5 Gas Is Good for America

At the climax of his book Twilight in the Desert, Houston investment banker and energy guru Matthew Simmons describes a visit to the world’s most powerful oil company, Saudi Aramco, in Dhahran. Simmons listens in horror as a senior manager reveals the kingdom’s darkest secret. The old ways no longer suffice. To keep their aging […]

Clarion Caller

An interview with renowned climate scientist James Hansen James Hansen, NASA’s top climate expert, believes scientists have an obligation to speak out when their findings have important implications for the public — and he certainly put that belief into practice last year when he told The New York Times that the Bush administration was trying […]

GOP: Suspend Gas Tax

CONNECTICUT – Legislative Republicans said today they will try to amend as many bills as possible in the final weeks of the session to suspend Connecticut’s 25-cent-per-gallon state gasoline tax from Memorial Day to Labor Day. Lawmakers said the state’s growing budget surplus, currently estimated at $848 million, would easily cover the $120 million expense […]

Saudi and Kuwaiti butane and propane prices increased by 30 dollars a ton

Nicosia, May 15: Saudi Aramco and Kuwait Petroleum Corporation announced on April 30 that their LPG (liquefied petroleum gas) prices for May would increase by 30 dollars a ton. Thus the price of butane will rise to 575 dollars a ton and the price of propane will increase to 560 dollars a ton. The increase […]

Russia’s Energy Strategy

To be globally competitive Russia needs a viable energy strategy The issue of energy security continues to dominate Russia’s agenda. In his annual address to parliament, President Putin stressed this topic, too. While highlighting Russia’s role as the world’s largest oil producer in 2006, Putin lamented the sluggish pace of developing the nation’s refining industry, […]

4 gas-saving myths

Think you’re stretching your gas dollars by killing the air conditioning or buying your gas on Wednesday? Think again. NEW YORK (CNNMoney.com) — Using a special additive or cutting off your A/C won’t really cut your gasoline consumption. But myths like these run rampant in the minds of American drivers. Right now, the price of […]

Petroecuador Plans to Militarize Oil Ops

Ecuador’s state oil company Petroecuador plans to sign an agreement next week with the nation’s armed forces to protect all oil production operations in the country, Petroecuador said in a statement. The agreement aims to stop theft, the cutting of secondary pipelines and other attacks faced by Petroecuador’s production subsidiary Petroproduccion. Private companies in the […]

Five years the key to planet

Key decisions must be taken within five years on measures to tackle climate change if the world wants to cope with an expected doubling of energy demand over the next half century, the environmental group WWF said Tuesday. Delays would expose the planet to dangerous warming within a lifetime or force even harsher and costlier […]

Peak Oil, Total Collapse, and the Road to the Olduvai

1) most members of Western Industrial Civilization are about to enter a 3.1) The entire basis upon which Western Industrial Civilization is built,

New gas pains: where is it all leading?

There is supposed to be a “Gas-out” today across North America. Earlier this week, a message circulated on the Internet called upon people to refrain from buying gas today. The idea is that if enough people did not buy gas today, it would give the big oil companies a jolt in the range of $3-billion. […]

Part I: Planning for a Climate-Changed World

As the global picture grows grimmer, states and cities are searching for the fine-scale predictions they need to prepare for emergencies–and to keep the faucets running. On December 11, 1992, a powerful northeaster coalesced off the eastern seaboard of the United States, and an eight-foot storm surge struck New York City. Seawater swamped the Brooklyn […]

Rigged to Blow – Kunstler

It’s hard to venture around this land and not feel like you are living in something like an obsolete Las Vegas hotel exquisitely rigged for implosion. The massive system that we’ve poured all our national wealth into, and elaborated to the last limits of refinement over half a century, is poised for failure. The prospect […]

New Russian gas deal bad news for Europe: US

PARIS (AFP) – A pipeline deal signed at the weekend by Russia, Turkmenistan and Kazakhstan, giving Russia access to gas from the Caspian Sea, is bad news for Europe, US Energy Secretary Samuel Bodman said here on Monday. “Europe needs to diversify its energy sources and Europeans should take due note of this,” Bodman told […]

Bush strives to wean US off foreign oil

United States President George W Bush, facing mounting disquiet about global warming and sky-high fuel prices, has ordered his Government to slash America’s dependence on foreign oil. Mr Bush says his directive to cut gasoline usage by 20 per cent in the next 10 years will make the United States “more secure for generations to […]

OPEC sees ample crude stocks to cover demand

OPEC said on Tuesday that crude oil inventories were more than enough to cover fuel demand during the peak summer travel season, rebuffing calls from consumers for more supply. The monthly report from the Organization of the Petroleum Exporting Countries also showed members were keeping a lid on supply, despite a rise in prices to […]

Traditional production unfit for half of Kuwait’s oil reserves

More than half of Kuwait’s oil reserves will not be produced through cheap traditional methods, Deputy Director General of the Kuwait Institution for Scientific Research (KISR) Dr. Nader Al-Awadhi said yesterday. Kuwait’s oil reserves are estimated at about 95 billion barrels, among the biggest worldwide. Most production, if not all, is being produced through traditional […]

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