Kenya: Fuel Shortage Crisis Hits Kisumu Town

An acute shortage of petroleum products has hit Kisumu Town. Petroleum dealers in Kisumu have been unable to get supplies from the depot in the town and were now relying on small quantities received from Nakuru. A supervisor at Total Petrol Station, Mr David Wasilwa, said the outlet was still selling oil stocks it received […]

IEA sees higher world oil demand, ups pressure on OPEC

World oil demand will rise more quickly this year than previously thought, the International Energy Agency said on Tuesday, adding weight to consumer nations’ calls for more OPEC oil. In its June monthly report, the adviser to 26 industrialised countries lifted its forecast for 2007 growth in world oil demand to 1.7 million barrels per […]

Gasoline prices trend down but hurricane season looms

U.S. refineries have managed to resolve some of their early 2007 production woes, and the more plentiful gasoline supplies again helped drive retail prices lower in California and around the nation in the last week, an Energy Department report showed Monday. Some analysts said the decline was a brief reprieve in the early weeks of […]

The Clusterfuck Nation Chronicle

Is the jailing, un-jailing, and re-jailing of Paris Hilton a harbinger of anything? Has America’s Love/Hate-o-meter for wealthy celebrities swung in the negative direction? And does that swing portend something more ominous for our society at large? I’ve been saying for a while that the time would come when the moiling masses of the un-rich […]

Latest Oil Market Report from IEA

May world supply fell by 565 kb/d to 84.9 mb/d. Seasonal OECD stoppages compounded weaker OPEC crude supply, notably in Nigeria, where outages are near 800 kb/d. Non-OPEC 2007 output is trimmed by 110 kb/d to 50.2 mb/d, with growth of 0.9 mb/d this year. IEA

World’s proven oil reserves at end 2006 edge lower-BP

The world’s proven oil reserves at the end of 2006 stood at 1.208 trillion barrels, fractionally lower than 1.209 trillion at the end of 2005, BP Plc (BP.L: Quote, Profile , Research) said on Tuesday in its Statistical view of World Energy. The one billion-barrel reduction reflects in part a decline in Norway’s reserves, which […]

‘Paradox’ as Mideast faces power shortage

Oil and gas-rich countries of the Middle East are facing a worrying paradox – how to meet rapidly expanding power demand to feed their fast growing economies, the International Energy Agency said on Tuesday. “Shortages of natural gas – hitherto the fuel of choice for electricity generation – have become a regular feature, forcing governments […]

Sole U.S. Company That Enriches Uranium Is Struggling to Stay in Business

Seventy years after the United States invented uranium enrichment, the sole American company in the business is struggling to survive, while nuclear power experts worry that its failure would leave the Russians dominant in the market for fuel processing. nytimes

Solar Panels, Biofuel and Tidal Turbines in Bloomberg Plans

Moving to harness cleaner forms of energy to meet the city nytimes

Opec biofuel brinkmanship is a sign of things to come

According to the Financial Times, the cartel is now considering getting its retaliation in early by cutting investment in new oil production itweek energy-business-review

EIA: 15% Renewable Standard May Cut CO2 By 3 Billion Tons By 2030

A renewable energy standard requiring 15% of all electricity generated by utilities come from renewable sources could cut carbon dioxide emissions by nearly 3 billion tons by 2030 while only marginally increasing power prices, the Energy Information Administration said Monday. Senate Energy and Natural Resources Chairman Jeff Bingaman, D-N.M., said he would offer a renewable […]

Oil shortage could spark conflicts in world: SIPRI

The prospect of a future scarcity of oil and gas could lead to conflicts in Africa, the Middle East, Central Asia, South America and Southeast Asia, the Stockholm International Peace Research Institute (SIPRI) said on Monday. dailytimes

Issues facing the oil and gas industry

According to the International Energy Agency, US$20tril in investments are needed through to 2030 and of this, Mulva said US$8.2tril would be for oil and gas development and infrastructure. thestar

World Bank plans international fund to fight deforestation

The World Bank is planning an international fund of at least 250 million dollars to fight deforestation, which contributes to global warming, a bank official said Monday. yahoo

Senate to take up bill to cut gasoline demand

The Senate will begin debate this week on legislation to reduce America’s gasoline demand by increasing the fuel economy of cars and trucks and boosting the use of non-petroleum fuels like ethanol, Senate Majority Leader Harry Reid (news, bio, voting record) said on Monday. yahoo

Ethanol Has OPEC Publicly Concerned

OPEC is caught between a rock and hard place. On the one hand, if they keep prices high like they have become accustomed to, the rest of the world will continue its quest for alternative sources. Should they ramp up production to bring prices down in an attempt to make biofuel’s cost prohibitive, their wallets […]

Livingstone lends support to Tory tax on frequent flyers

London mayor Ken Livingstone has backed a Conservative proposal to impose carbon taxes on frequent flyer holidaymakers. Speaking at the Guardian’s climate change summit in London, Mr Livingstone attacked the government’s “negligible” record on tackling climate change and gave his support to plans to curb flying. guardian

Illegal logging ‘will ruin habitat of orang-utans’

The King of the Swingers could soon find himself with nowhere to swing. Orang-utan homes may be wiped off the face of the earth within 10 years, as illegal logging demolishes rainforests in south-east Asia 30 per cent faster than previously feared, the United Nations Environment Programme (Unep) revealed yesterday. “The rate of decline of […]

Peak Coal Article

There has been a lot of interest lately in the idea of non-renewable resources peaking. The basic idea is that natural resources do not suddenly run out, but instead experience a period of growth, a peak, and then a decline. Because resources do not suddenly run out but instead nearly always experience a decline curve, […]

Mexico taking a lead role in global warming fight

MEXICO CITY — As it does with other developing nations, the Kyoto Protocol leaves Mexico off the hook to curb greenhouse gases that contribute to global warming. But Mexican leaders are starting to concede that they can no longer overlook that their nation contributes to the causes and suffers the pain of climate change. The […]

Report: China starts dam generator

BEIJING – The first turbine generator on the right bank of China’s massive Three Gorges Dam, the world’s biggest hydropower project, has started operations, state media reported Monday. The 700,000-kilowatt turbine It is the first of 12 turbines that will be on the right bank of the $22.5 billion dam on the Yangtze River. The […]

Focus energy bill on conservation, research

Beware of mischief that could weaken environmental benefits. Brace yourselves, everyone: Congress is gearing up to write new energy legislation. Historically, such efforts have been less about a sensible national energy policy and more about tax breaks for Big Oil. The last major energy bill, in 2005, produced some benefits, particularly for Iowa, by mandating […]

Why is Oil Refinery Utilization Down?

Each Wednesday, the EIA (Energy Information Administration) releases the latest stats on the petroleum industry. And each week, the market reacts to these numbers. This week was no different. On Wednesday, the market seemed to be keying on the 3.5 million barrel increase in gasoline stocks — more than double what analysts expected. July gasoline […]

Iran to build five new refineries across Asia

KUALA LUMPUR (AFP) – Oil-rich Iran Monday announced it will help build five new refineries across Asia with a total capacity of 1.1 million barrels per day in a bid to strengthen ties in the region. “Iran has finalised feasibility studies for five refining projects in five Asian countries with a total capacity of 1.1 […]

The Democrats Lag on Warming

When Americans elected a Democratic Congress last November, they were voting to end politics as usual and special interest legislation. On the vital issues of energy independence and global warming they are not only in danger of getting more of the same but also, unless Nancy Pelosi and other Democratic leaders step forward, winding up […]

Lawmakers want Capitol to go green

WASHINGTON – Congress says it is going to join the war against global warming by cleaning up its own backyard, now cluttered with a coal-burning power plant, a fleet of fuel-inefficient vehicles and old-fashioned lights. House Speaker Nancy Pelosi has set a goal of making House operations carbon neutral during this session of Congress, meaning […]

The Oil Drum Oil Quiz…

So, what do you really know about oil? Test your knowledge…Much more after the jump to The Oil Drum.

Towards a true price for energy

…If widget manufacturers underestimate the demand for widgets there will be a temporary “widget problem”, but the economy will carry on. A miscalculation on the energy front will, however, have a pervasive effect, irrespective of whether it comes through as sky-high prices or physical shortages. If a global slump is induced, the main harm will […]

Could Vermont feed itself?

…The mainstream food economy is heavily dependent on petroleum — used in conventional fertilizer and pesticides as well as for cultivation and transportation — which the world has in limited supply. It stands to reason that sooner or later, the world will run out of major new oil reserves to exploit; oil production will “peak” […]

Surprise: less oxygen could be just the trick

It was used by the people of the Amazon for thousands of years. Now Australian researchers say biochar could reduce atmospheric carbon dioxide – while providing a new source of energy, and boosting farm productivity. For almost 7000 years Amazonian farmers kept their soils fertile by setting organic waste alight and letting it smoulder under […]

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