Report: What Aging Oil & Gas Offshore Workforce?

Research carried out by Oil & Gas UK has exploded the commonly held belief that the UK oil and gas industry is suffering from a rapidly aging, largely male offshore workforce as a result of fewer young people, especially women, taking up jobs within the sector. Using data supplied by the Vantage POB (personnel on […]

Rising fuel, food prices nurturing inflation

Biofuel demand among items increasing corn, wheat and sugar prices, economist says Rising food and fuel prices are feeding inflation in Canada, according to economic and political analyses Tuesday. “Higher food commodity prices have already spilled over into Canada,” J.P. Morgan economist Ted Carmichael said after Statistics Canada reported that food producer prices in March […]

Consumers Fed Up With Gas Prices

Another And yet another of the endless “no-gas” day emails is circulating the Internet, marking May 15 as the day consumers are supposed to show solidarity and boycott buying gass. The survey showed that consumers fear the effect of record oil prices on their household budgets and are more likely than ever to respond by […]

TOD: Reading the EIA Graphs

This is more for the historic record than much else, although it is true that every picture tells a story, and with the impact evident in the gas prices, here is the current state of the gasoline stocks in the US, according to the EIA Wednesday. The timing of the curve should capture the measure […]

With gas prices up, station stops the pump

At least one local service station has stopped pumping gasoline because of the increasing fuel prices. Spring Hill Pit Stop has been without fuel at its Gilmer Road location for about two weeks “When I make a 5 percent profit on gasoline and my price jumps 30 to 33 percent, the profit doesn’t cover the […]

Mexico’s Pemex posts 1st-qtr net loss

MEXICO CITY, May 2 (Reuters) – Mexican state oil monopoly Pemex posted a first-quarter net loss of 10.1 billion pesos ($915 million) on Wednesday, hurt by decreased export volumes, a lower export price for Mexican crude and higher costs. The loss compared with a year-ago net profit of 8.1 billion pesos amid soaring oil prices […]

Venezuela vows to eject Conoco if resists takeover

CARACAS (Reuters) – Venezuela threatened on Thursday to eject ConocoPhillips from the OPEC nation if it further resists President Hugo Chavez’s plans to nationalize its multibillion-dollar investments in the massive Orinoco reserve. The government also underlined its tough negotiating stance against ConocoPhillips and the five other companies whose assets are takeover targets, ruling out paying […]

The Future of Food exposes the biotech threat to life on our planet

Curious how modern civilization might ultimately end? In previous articles, I’ve discussed the coming food bubble — a global collapse of the food abundance we naively enjoy today. Depending on who you talk to, this collapse of the global food supply could be caused by the end of peak oil, a collapse of bioversity followed […]

D1 Oils has planted over 156,000 hectares of jatropha

D1 Oils PLC has announced it has planted over 156,000 hectares (385,500 acres) of Jatropha curcas in Africa, India and South East Asia, so far, adding 10,000 hectares planted in the last two weeks of the year’s first quarter (table, click to enlarge). The biofuel company said the majority of this increase was accounted for […]

Largest oilfield in 4 decades discovered

China’s newly found oilfield in Bohai Bay has a reserve of one billion tons, or about 7.35 billion barrels, the largest discovery in the country over four decades, announced the China National Petroleum Corporation (CNPC) Thursday. The oilfield lies in the Nanpu block of the CNPC’s Jidong Oilfield in Caofeidian in Tangshan City, north China’s […]

The bad boys of oil

Most of the world’s new production is expected to come from just a few nations. That could spell big trouble for Big Oil and consumers alike. The problem The world still has lots of oil. But getting at it may become much harder for big Western oil companies in the coming decade. That’s because over […]

Refinery Problems Fuel Gas Shortage, Price Hikes

DES MOINES, Iowa — A massive oil refinery fire in Oklahoma is to blame for empty gas pumps in Iowa. Huge flames and clouds of smoke poured out of the Wynnewood refinery late Friday night. Officials said a lightning strike sparked the fire in two 80,000-gallon tankers. But hundreds of miles away, the blaze caused […]

18 workers kidnapped in Nigeria

PORT HARCOURT, Nigeria – Gunmen kidnapped at least 18 people in less than 24 hours in three attacks, seizing people from an offshore oil vessel, a power plant construction site and a bar, officials and witnesses said Thursday. The kidnappings bring the total number of foreigners abducted in the turbulent oil region surrounding the Niger […]

Fixing climate carries big costs

Global warming’s demands on human ingenuity, and pocketbooks, will take center stage Friday in the latest international report on climate change. Whether humans bury greenhouse gases, blunt them with new technology or buy them off with tax incentives, banishing the emissions responsible for global warming will take quick action, experts conclude in advance of the […]

Economic growth to end soon – forever

Peak Oil is the idea that the world onlineopinion

The Peak Oil Crisis: Week Twelve

Last week, US gasoline stockpiles dropped for the 12th straight week by another 1.1 million barrels as US motorists continued to burn up gasoline at a rate 1.6 percent higher than last year. While refinery utilization at 88.3 percent is still well below what is needed to build up stocks for the summer driving season, […]

Pond scum is the

BioKing Green Energy NV, a European leader in alternative energy production, is claiming to have developed new, high- performance and continuous photo-bioreactors for algae for the purpose of producing biodiesel. BioKing Green Energy NV calls algae the themanufacturer

Iranian oil and gas resources too important to be ignored

As of January 2007, Iran had 136 billion barrels of oil, the second largest reserve in the world, waiting to be extracted. On top of that Iran has a strategic location in the Middle East and is close to all the important oil fields there. It is possible that Iran might block the Strait of […]

Saudis May Not Need to Raise Oil Capacity After 2009

Saudi Arabia, holder of the world’s largest oil reserves, may not need to increase its oil-production capacity after 2009, the country’s oil minister said, because conservation and alternative energy sources could curb the consumption of oil. Saudi Arabia can pump 10.8 million barrels a day now, according to Bloomberg estimates. It produced 8.5 million barrels […]

Honeybee die-off threatens food supply

Unless someone or something stops it soon, the mysterious killer that is wiping out many of the nation’s honeybees could have a devastating effect on America’s dinner plate, perhaps even reducing us to a glorified bread-and-water diet. In fact, about one-third of the human diet comes from insect-pollinated plants, and the honeybee is responsible for […]

Energy, Ethics and Feed-in Tariffs

After more than a year of researching and writing on feed-in tariffs (FITs), I’m still amazed at how many people haven’t heard of them — especially people who by right should be shouting the subject from the rooftops. I refer in general to environmental campaigners, but also to the “can-do” types who see in renewable […]

635 GW Possible with U.S. Political Shift

How much power can renewable energy generate in the U.S. if the appropriate mix of policies and market-based incentives are implemented? According to a joint report coordinated by the American Council On Renewable Energy (ACORE), the answer is 635 gigawatts (GW) by 2025. Released yesterday, the 2007 Outlook on Renewable Energy in America projects that […]

CO2 row threatens climate report

Environmentalists fear that a key climate report to be published this week is using outdated science, and will lead to dangerous climate change. Campaigners say the IPCC’s economics report has based its recommendations on the safe limit of atmospheric CO2 being 550 parts per million (ppm). But more recent scientific studies now put that figure […]

Power station harnesses Sun’s rays

here is a scene in one of the Austin Powers films where Dr Evil unleashes a giant “tractor beam” of energy at Earth in order to extract a massive payment. Well, the memory of it kept me chuckling as I toured the extraordinary scene of the new solar thermal power plant outside Seville in southern […]

Russia cuts off oil in battle over war statue

RussiaAndrus Ansip, the Estonian Prime Minister, appealed to the EU for support, saying that his nation

Tourists paying to see global warming in action

Bored with your usual holiday? Try watching bits of the world as they start to heat up! The effects of climate change are leading to a distinctive new form of 21st-century travel: global-warming tourism. A US tour company will be running a special trip this summer to view Warming Island, the remarkable new feature of […]

Senate may vote in May to slash gas use

The U.S. Senate may vote this month on legislation that aims to drive down gasoline demand by boosting the fuel economy of cars and trucks and increasing the use of nonpetroleum fuels like ethanol. The Senate Energy Committee Wednesday sent to the full chamber a bill that targets gasoline demand – the biggest chunk of […]

Gas shoots up on tight supplies

Prices could go over $3 a gallon by Memorial Day Gasoline prices rose 10 cents a gallon in the Des Moines area on Monday and Tuesday because of tight supplies. Iowans could be paying more than $3 a gallon for regular gasoline by Memorial Day, said Brian Crowe, an energy data analyst for the Iowa […]

The U.S. Solution to Peak Oil: Ten Billion Barrels or Bust

The U.S. government’s latest plan to save us from peak oil comes from the Department of the Interior. The latest ploy is to exploit offshore oil targets in Federal waters. It may not help, but at least our government’s last stand against peak oil gives us another chance to reap the benefits. My family has […]

Oregon Fuel Prices Churn Stomachs

With the price of gas soaring so high in Oregon it After all, in the past week alone, the average cost for a gallon of gasoline in Oregon jumped more than 15 cents to $3.28, the third highest in the nation. Sickening? Yes. Chance of improving any time soon? No. California, with the highest average […]

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