Survey: No Renewable Fuel Mass Production Soon

Despite massive government and private efforts to hasten the production of ethanol and other biofuels, many oil and gas industry executives say mass production of such renewable fuels is unlikely by the end of the decade, a new survey shows. Sixty percent of the 553 petroleum industry executives surveyed by KPMG LLP said large-scale production […]

Shrinking the cost for solar power

One of the big problems with solar power has been that it costs more than electricity generated by conventional means. But some experts think that, under certain circumstances, the premium for solar power can be erased, without subsidies or dramatic technical breakthroughs. zdnet

World oil production has maxed out: Talisman

Talisman chief executive Jim Buckee has never been one to shy away from controversy. …So when Buckee suggests, as he did at Talisman’s annual meeting Wednesday, that Peak Oil has arrived, we are not completely surprised — even if that observation is likely to again land him in the eye of a storm. In a […]

Politics Tangles New Oil & Gas Pipeline Projects

“Happiness is multiple pipelines”, was a car-bumper sticker distributed by Americans in oil-producer Kazakhstan in the 1990s that highlights the energy-hungry West’s desire to boost oil and gas supply routes. But building pipelines – especially privately backed ones — often means tackling political or environmental obstacles that can take years to resolve. “When you have […]

World Bank: Global CO2 Emissions Up 16% from 1990

Global carbon dioxide emissions continue to rise, with the world producing 16% percent more CO2 in 2003 (the year of the most recent comprehensive data) than in 1990, according to the Little Green Data Book 2007, just published by the World Bank. greencarcongress

Nigeria: Militants promise a month of ‘mayhem’ in oil delta

Nigerian militant group MEND who have staged 10 attacks on Western oil facilities in the delta in the last nine days, kidnapping dozens of foreign workers and curbing output from the world’s eighth largest oil exporter, said on Wednesday it had instructed armed groups in the Niger Delta to unleash a month of “mayhem” to […]

A Brief History of Oil (Profits)

Don’t believe the hype. The real reason behind high oil prices is (gasp) because they bring in more profits to oil companies and Wall Street Businessweek

Hit by petro crisis, Nepal sends SOS to India

The spectre of the worst fuel crisis ever loomed large over Nepal after the Indian company, the lone one exporting oil to Nepal, reduced petroleum supplies by 40 percent in a bid to pressure the importer, state-owned Nepal Oil Corporation (NOC), to clear old dues. The NOC owes the Indian firm nearly NRS.6 billion (over […]

We must withdraw from trade agreement

I know few fellow Americans who would knowingly support something that was guaranteed to destroy our nation. And yet, that is what the North American Free Trade Agreement is doing. In 1993, Henry Kissinger called NAFTA the “architecture of a new international system.” More recently, the Council on Foreign Relations referred to NAFTA as the […]

China: Energy Market Of The Future

It seems like a weekly occurrence that another deal is struck between China and another key energy producing country. Meanwhile, US relations with those countries continue to erode. The list of countries that will likely be the DailyReckoning

Oil Price Not as Simple as Demand and Supply

Crude market prices are continuing to seesaw rather heavily. From a price approaching $70 a barrel last week, it is currently hovering at around $65. Who is controlling the oil market prices and who is pushing it? Oil producers continue underlining that the market fundamentals are balanced. There is no dearth of supplies. It’s the […]

IEA trims 2007 oil demand forecast slightly but warns mkt is tightening

The International Energy Agency lowered its 2007 oil product demand forecast marginally but warned the global oil market is tightening and said the situation will not improve unless OPEC ups its output before the summer “While the optimist can point to the glass being half-full this report anticipates a thirsty market in the months ahead,” […]

OPEC Oil Output Rises Slightly in April After Months of Declines

The 10 members of the Organization of Petroleum Exporting Countries (OPEC) bound by the group’s output agreements produced an average 26.57 million barrels of crude oil per day in April, a Platts survey showed May 10. This is up 30,000 barrels per day (b/d) from March’s 26.54 million b/d and 770,000 b/d above their 25.8 […]

No fuelin’ this time: Oil supply near crisis

Gasoline prices in some places in the region are one thin dime away from $3.50 a gallon. If that’s got you alarmed, consider this finding from the government’s last report on petroleum supply: Nearly two-thirds of the world’s proven oil reserves are in politically risky countries. The news only gets worse in the crude oil […]

Aviation boom doesn’t bode well for climate

Air travel is the preserve of a mere 5 per cent of the world’s population, but this tiny minority’s behaviour affects the poorest- who will probably never fly. Aviation has enormous repercussions on climate change. Let’s look at a few figures. An Air France/KLM report of 2005-2006 reckons it takes 3.1 litres of kerosene to […]

Data Indicate UK Drivers Undeterred By High Gasoline Prices

LONDON (Dow Jones)–U.K. motorists appear undeterred by record-high U.K. gasoline prices, with fresh government data out Thursday showing an increase in traffic. New Department for Transport data shows traffic on British roads increased 1.2% in the first quarter of this year compared with a year previously, led by rising traffic on country and minor urban […]

Two killed in fire at Congo oil field, production halted

BRAZZAVILLE, Republic of Congo: A fire at an oil field operated by Total SA killed two people and injured two others, the French petroleum giant said Thursday. The fire halted production causing a loss of 60,000 barrels a day, company officials said in a statement disseminated on state-run radio.The cause of the blaze at the […]

Addiction to oil is U.S. defense issue

You can agree with me, the liberal tree-hugging energy watchdog, who’s pointing to the numbers and urging a dialogue for change. Or you can agree with the energy corporations, whose only purpose in life is to make lots of money today and grow their stock value. Or our government, whose interests are obviously driving us […]

Resourcex Introduction to Mining and Mining Investment

…We now live in the Nuclear Age (1945 In this sense, all of mining is an imperative. While it is true that mining investment is essentially a series of

Clean Power That Reaps a Whirlwind

HOUXINQIU, China That program, the Clean Development Mechanism, has become a kind of Robin Hood, raising billions of dollars from rich countries and transferring them to poor countries to curb the emission of global warming gases. The biggest beneficiary is no longer so poor: China, with $1.2 trillion in foreign exchange reserves, received three-fifths of […]

Gunmen kill 2 police in Nigeria oil area

PORT HARCOURT, Nigeria – Gunmen jumped from a minibus in Nigeria’s southern oil center and killed two police officers Thursday in the latest violence to strike the petroleum-producing region, officials said. The attack in the city of Port Harcourt took place near the offices of major international oil and construction companies, said Rivers State police […]

China and India to top renewables investment league

China and India’s greenhouse gas emissions may be soaring, but by 2012 they will also be the most attractive countries for renewable energy investors, according to consultancy Ernst & Young. China has climbed three places to fifth in the ‘long-term’ wind energy section of Ernst & Young’s renewable energy country attractiveness index. The index considers […]

Oil, Food, and the Coming Crisis in Agriculture

“Without your support I would have given up on this long ago. And without your positive input, I would have drowned in pessimism.” The lines quoted above were written by Dale Allen Pfeiffer to his wife in the dedication to his book Eating Fossil Fuels. What does it mean when an author begins a work […]

Understanding The Global Carbon Budget

As climate change becomes more and more a central issue in local, national, and international discussions, understanding the global carbon budget, and how it influences trends in global warming, will become increasingly crucial. The carbon cycle is related to climate and climatic change because it controls carbon dioxide, the most important of the greenhouse gases. […]

NASA sees warmer eastern U.S. summers

A NASA study suggests global warming may raise average summer temperatures in the eastern United States nearly 10 degrees Fahrenheit by the 2080s. National Aeronautics and Space Administration scientists determined eastern U.S. summer daily high temperatures that currently average in the low-to-mid-80s Fahrenheit will most likely soar into the low-to-mid-90s by the 2080s. But during […]

Cornucopian catechism: Notes from Pittsburgh

In early March I visited the West Coast to discuss forming a nationwide coalition on how health care will be challenged and changed by global warming and peak oil. Unsurprisingly, the city governments of San Francisco, Seattle, and Portland, as well as several smaller cities and counties in those states, are addressing these issues. Once […]

Worldwide Shift to Compact Fluorescents Could Close 270 Coal-Fired Power Plants

On February 20, 2007, Australia announced it would phase out the sale of inefficient incandescent light bulbs by 2010, replacing them with highly efficient compact fluorescent bulbs that use one fourth as much electricity. If the rest of the world joins Australia in this simple step to sharply cut carbon emissions, the worldwide drop in […]

Rosneft Wins Yukos Sale, Becomes Top Russian Refiner

OAO Rosneft, Russia’s state oil company, became the country’s biggest refiner after winning a bankruptcy auction for OAO Yukos Oil Co.’s last major assets. Rosneft, already Russia’s biggest oil producer as a result of winning previous Yukos auctions, bid 165.5 billion rubles ($6.42 billion) for three refineries, production unit OAO Samaraneftegaz and other assets auctioned […]

Fears rise about an ethanol bust

Lurking behind ADM’s gloomy news are doubts about the future of corn ethanol. A growing number of analysts, once bullish on the product, are warning that an oversupply may be coming as soon as this year. On Apr. 27, a Lehman Brothers report projected that production will outstrip demand in the second half of 2007, […]

A New Nuke Black Market for Iran?

Although U.S. and allied intelligence services have broken up parts of the nuclear-parts trafficking network run by A.Q. Khan, creator of Pakistan’s atomic bomb, Iran has constructed a new time

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