Navy stages show of force off Iran coast

The U.S. Navy staged its latest show of military force off the Iranian coastline on Wednesday, sending two aircraft carriers and landing ships packed with 17,000 U.S. Marines and sailors to carry out unannounced exercises in the Persian Gulf. The carrier strike groups led by the USS John C. Stennis and USS Nimitz were joined […]

The Oil Drum: API Conference Call on Gas Prices

On May 16th, I participated in another conference call with the American Petroleum Institute. The subject was gas prices. Since I am probably not the best person to challenge the API on gas prices, I put out an invitation at The Oil Drum for others to join the call. (The reason I am not the […]

UK backs new generation of nuclear reactors

UK ministers have ended a 20-year standstill on nuclear power by giving the go-ahead to a new generation of reactors to help cut the pollution that is disrupting the climate. And the government has given the first indications of where up to 10 nuclear stations are likely to be built, at a cost of New […]

Livestock

The livestock sector emerges as one of the top two or three most significant contributors to the most serious environmental problems, at every scale from local to global. The findings of this report suggest that it should be a major policy focus when dealing with problems of land degradation, climate change and air pollution, water […]

Novel sugar-to-hydrogen technology promises transportation fuel independence

BLACKSBURG, Va., May 23, 2007 — The hydrogen economy is not a futuristic concept. The U.S. Department of EnergyAccording to the DOE, advances are needed in four areas to make hydrogen fuel an economical reality for transportation: production, storage, distribution, and fuel cells. Most industrial hydrogen currently comes from natural gas, which has become expensive. […]

Bolton blunt about world affairs

Former U.N. Ambassador John Bolton brought a frank reality check to Utah business executives Tuesday, saying many governments are still playing a protectionist role in foreign trade that could hurt U.S. companies competing in the global economy His first target was Russia. After the former Soviet Union collapsed, former President Boris Yeltsin pushed Russia to […]

Oil rises towards $70

LONDON (Reuters) – Oil climbed towards $70 on Wednesday as U.S. warships put on a show of force off Iran’s coast, coinciding with a United Nations agency report on the Islamic republic’s nuclear programme. Investors were also looking ahead to a weekly snapshot of gasoline and crude oil stocks in top consumer the United States, […]

Technological Advances In Search For Crude Oil

Much of the oil we use is expensive foreign oil, but California is now developing technology to help get some of the thickest, most hard to extract oil out of the ground around the world. I traveled to the oil fields of Kern County where the drive to discover is underway to make every drop […]

All’s Well for Oil and Gas

With stock-price momentum recovering and industry fundamentals favorable, S&P says exploration and production companies may have further upside BusinessWeek

Refiners are struggling to meet demand for fuel

Blame it on Nigeria. Refinery maintenance outages, both unplanned and planned, arenTribuneChronicle

Russia: Energy profile

RussiaSpero

Venezuela completes energy nationalization

Venezuela has finalized the acquisition of the last private electricity generating company in Venezuela, Venezuela’s oil company PDVSA has acquired Eleval the power utility of the city Valencia from a group of investors, news agencies reported Tuesday. Eleval president Gustavo Gonzalez was finalizing the deal in Caracas earlier this week with government officials, said a […]

Nigeria adds 39,000bpd in crude production last month

NigeriaBusinessDayOnline

Oil firms overlook risks in scramble for Africa

International oil firms have been scrambling for Africa in recent years, but in their hunger for reserves they may be taking greater risks than they realize, raising the prospect of a rush for the door in the future. A record 106 oil and gas exploration licenses were awarded in Sub-Saharan Africa in 2006, and the […]

Our Strategic Oil Reserve Won

Todays spiraling gas prices appear to be as much AmericaBloggernews

Brazil May Become the Saudi Arabia of Ethanol. Or the Iraq

Not everything that pretends to be sustainable truly is. Environmental and social concerns (“the green agenda”) claim to aim at “sustainability.” To survive, businesses, communities and even nations must cope with crises and disasters – including both predictable threats and shocking surprises. That could be a summary of what Lewis Perelman calls “the blue agenda”. […]

A new breakthrough in hydrogen storage technology could remove a key barrier

UK scientists have developed a compound of the element lithium which may make it practical to store enough hydrogen on-board fuel-cell-powered cars to enable them to drive over 300 miles before refuelling. Achieving this driving range is considered essential if a mass market for fuel cell cars is to develop in future years, but has […]

Why Exxon is out of gas

So what is ExxonMobil, the world’s most profitable company, doing with the cash bonanza it has received from record oil and gas prices? Giving it back to shareholders, according to the Business Week story, Pumping Oil, Not Cash. Exxon and other big oil companies have decided that it’s less risky to simply buy back their […]

Iran Increases Gas Prices by 25%, Indicating Economic Crisis

The scale of Iran’s economic crisis became clear yesterday when the regime increased gas prices by 25% overnight and prepared to introduce fuel rationing. These measures may damage President Ahmadinejad’s popular standing still further. In a country with 70 million people — at least half of whom are under 25 — the economy is stagnant […]

Public Citizen Urges Congress to Repeal Big Oil Giveaways and Bolster Oversight

To hold oil companies accountable and relieve pressure on consumers from high energy costs, Slocum urged Congress to: Repeal all existing oil company tax breaks, close loopholes allowing oil companies to escape paying adequate royalties and implement a windfall profits tax, dedicating the new revenue to financing clean energy, energy efficiency and mass transit; commondreams

China Says Environment Losing Out to Development

China must integrate environmental conservation into its development plans, officials said on Tuesday, as the environment ministry said pollution across the country was getting worse.“We should firmly forbid those projects which damage the environment or cause pollution in the construction process,” said Wang Xiaoqing, a vice minister at China’s State Environmental Protection Administration (SEPA).“Biodiversity should […]

How to stop the lights going out in a dangerous world

By Tony BlairFlicking a switch and the lights coming on is something that we take for granted. Yet we should not be lulled into a false sense of security. The assumptions we make about where our energy comes from, and how we use it, simply will not hold true in the future unless we plan […]

NOAA: 75% Chance Hurricane Season ‘Above Normal’

There is a 75% chance that the June 1 – Nov. 30 Atlantic hurricane season will be above normal, with 13-17 named storms, 7 to 10 hurricanes and 3 to 5 major hurricanes expected, the National Oceanic and Atmospheric Administration said Tuesday. rigzone

China’s low-key jump onto biofuel bandwagon

China is not a newcomer to the global drive for biofuel. It has long been producing bio-ethanol from corn (maize), a national staple crop. However, as the scale of bio-ethanol production for industrial use dried up the corn supply for human consumption, “people began to worry about food security”, said the scholar, who asked not […]

Turning Oil Into Equities: Putin Wants Oil Surplus Invested in Russia

President Vladimir Putin urged the Russian government Monday to bolster the country’s flagging equity market by pumping surplus oil revenue into stocks. The government should consider buying Russian blue chips with excess oil revenue instead of foreign securities, Putin said at a cabinet meeting in Moscow that was broadcast on NTV television. Chris Weafer, chief […]

House approves bill to challenge OPEC

Decrying near-record high gasoline prices, the House voted Tuesday to allow the government to sue OPEC over oil production quotas. yahoo

Cuba to modernize its ethanol production despite Castro opposition

Cuba is quietly modernizing its ethanol-producing facilities, despite Fidel Castro’s repeated assertions that making more of the biofuel could starve the world’s poor. The island plans to upgrade 11 of its 17 refineries, which produce up to 47 million gallons annually of ethanol from sugar cane, said Conrado Moreno, a member of Cuba’s Academy of […]

Shell possible customer for atomic energy

The mystery around a new Royal Dutch Shell PLC subsidiary is deepening. Last year, Sure Northern Energy Ltd. bought the most expensive oilsands lease to date in a location that has bitumen deposited in rocks instead of mixed with dirt and sandstone. Now, the company is reportedly looking at nuclear power to support its experimental […]

viral hemmoragic septicemia found in great lakes

A deadly, fast-spreading aquatic virus is reaching epidemic proportions in New York’s two Great Lakes and has already spread into the Finger Lakes region in upstate New York, a Cornell University fisheries expert said Tuesday. The viral hemorrhagic septicemia virus – or VHS – has now been identified in 19 species in Lake Erie and […]

Darfur? It’s the Oil, Stupid…

by F. William EngdahlTo paraphrase the famous quip during the 1992 US Presidential debates, when an unknown William Jefferson Clinton told then-President George Herbert Walker Bush, “It’s the economy, stupid,” the present concern of the current Washington Administration over Darfur in southern Sudan is not, if we were to look closely, genuine concern over genocide […]

« 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