Fuel replaces labour as largest cost for airlines in 2006

The Centre for Asia Pacific Aviation (CAPA) reports that a recent International air Transport Association (IATA) sample of the financial reports of 45 major global airlines reveals that fuel replaced labour as the largest single cost item for the global airline industry in 2006. This marks the first time ever that fuel costs have outpaced […]

Eni Publishes its Seventh World Oil and Gas Review

The seventh edition of EniOilVoice

Question of the day is to build or not to build new refineries

To help meet their growing domestic demand, Saudi Aramco is considering building a new 4 million barrels per day refinery. – No new refinery has been built in the United States since 1976. Primary deterrents to building a new refinery include overcoming the regulatory and environmental issues. Nevertheless, refining capacity has increased domestically as refiners […]

China and the oil syndrome

When energy prices are on the rise, articles, commentary, pundits and letters to the editor blame the same foe. In a refrain eerily repeated almost word for word across the front pages and respected news programs nationwide, we hear the culprit identified loud and clear. It’s all China’s fault. Our most trusted newspapers and talking […]

Kremlin eyes Balkan energy routes

Russian President Vladimir Putin arrived in Croatian capital, Zagreb, on 24 June to attend a summit on energy cooperation in Southeastern Europe. The summit began 23 June. High on the agenda for Putin will be a project to link up Russia’s Druzhba and Croatia’s Adria oil pipelines. Croatian President Stipe Mesic called the summit, which […]

Reliance to start new refinery in 2008

India’s top private firm, Reliance Industries Ltd., hopes to commission its new 580,000 barrel per day (bpd) refinery by the second quarter of 2008 and aims to acquire oil retailing assets in the United States and Europe, a top official said on Tuesday. The refinery was scheduled to be completed by December next year. It […]

We will never run out of oil

The world is never going to run out of oil. This may sound like a brash prediction, but ITerreHauteTribunestar

Opec oil production edges up in June

Opec, excluding Iraq and Angola, is set to pump slightly more oil in June because of higher shipments from some members including Iran and Algeria, a consultant said yesterday. OpecGulf News

Will startup build world’s biggest biodiesel plant?

Calling itself a biodiesel company “not out trying to go public and whore itself out for investors,” a small, aggressive California startup is planning to build a 320 million gallon per year biodiesel refinery in Chesapeake, Virginia. That’s more than ten times the size of typical biodiesel plants, and three times the size of the […]

Remarks Prepared for U.S. Secretary of Energy Samuel W. Bodman

The projections are staggering. By 2030, we estimate that global energy consumption will grow by over 50 percent, with 70 percent of that growth coming from the world’s emerging economies. For electricity specifically, we estimate that U.S. demand will increase by about 50 percent by 2030, with global demand nearly doubling. To meet this demand […]

US demand for Canadian oil seen doubling in 8 yrs

U.S. demand for Canadian oil is expected to double in the next eight years, and domestic use could jump 44 percent as Alberta’s oil sands output surges, the Canadian oil industry’s main lobby group said on Monday. However, that production growth could be tempered by the same problems that have plagued the oil sands industry […]

A strategic perspective on 21st century energy challenges

Energy will be one of the two or three defining issues we energybulletin

BioSolar Builds Bio-Based Prototype Solar Cell

BioSolar ccnmatthews

Big Oil, Detroit starting to roll on renewables

Big Oil, Detroit and old-line utility firms will continue to wade into renewable energy and other ways to cut greenhouse-gas emissions despite a legacy steeped in fossil fuels, an energy consultant said Monday. While U.S. oil imports from the Middle East won’t likely dwindle for the next 10 years, major energy companies such as BP […]

Sustainable Biofuels: A Guest Post by Colin Forrest

Everyone is rightly banging on about the destruction and havoc caused by mass monocultures of crops for biofuels for transport fuels. This is driven largely by fears of peak oil. Yes there are loads of alternative energy sources, but we are stumped for sufficient alternatives for liquid transport fuels, and that’s what is worrying governments: […]

U.S. Firms Out Of Operations In Venezuela Oil Reserve

U.S. oil companies – Conoco Phillips and Exxon Mobil – which are also the two of the world’s largest, have reportedly rejected a deal that would keep them working in Venezuela’s most important oil reserve. nasdaq reuters

Scientists Close In On Missing Carbon Sink

Forests in the United States and other northern mid- and upper-latitude regions are playing a smaller role in offsetting global warming than previously thought, according to a study appearing in Science. The study, which sheds light on the so-called missing carbon sink, concludes that intact tropical forests are removing an unexpectedly high proportion of carbon […]

The real casus belli: peak oil

Even as one of the principal architects of the Iraq war washes his hands of the whole bloody mess, there is still only a vague understanding of the real reason behind the invasion, but evidence of the intense interest of the international oil companies continues to build. Only last week, ExxonMobil chief executive Rex Tillerson […]

BP’s number-cruncher bows out with harsh words for Whitehall

Most of us have a vague idea that North Sea oil production has lately been slowing down. But by how much? I looked up the answer in BP’s annual Statistical Review of World Energy, published earlier this month. Packed full of information about global energy markets, it is a highly authoritative data source in a […]

Ten predictions about climate change that have come true

Here are the hard facts about global warming that everyone should know, compiled for Times Online by internationally acclaimed writer, scientist and explorer Tim Flannery, author of The Weather Makers: Our changing climate and what it means for life on earth Ten predictions made by climate scientists that have come true (or are becoming true) […]

Scarce water and population boom leads California to ‘perfect drought’

A typical summer’s day in Los Angeles: temperatures nudge the nineties, the sun blazes high in the sky, palm trees sway in the ocean breeze, and sprinklers spray a fine mist of water into the scorching air. But if the predictions of climatologists, environmentalists, city planners and the head of the water board are correct, […]

Sarasota company fights high gas prices with electric cars

SARASOTA, Fla. – At around $3 per gallon, the price of gasoline is both a boon and a bane to Sarasota-based solar and electric vehicle maker Cruise Car Inc. The benefit is obvious: As the numbers on the signboards outside stations move upward, more and more people start looking for ways to ditch their gas […]

Gas prices fuel bus ridership

With gas prices sticking around the $3-a-gallon mark, public transportation is packing in more and more riders. “We have continued to see an increase,” said Gina Douthat, director of communications and development for the Transit Authority of Northern Kentucky.TANK, which is heavily focused on serving Northern Kentucky commuters bound for downtown Cincinnati, has seen an […]

The Oil Drum: The Coal Question and Climate Change

At The Oil Drum, there has been much discussion of the modeling of future oil production and the reliability of reserve data. It is also understood that burning fossil hydrocarbon fuels increases the CO2 concentration in the atmosphere, and that this is likely to affect our climate. What about coal? Can we figure out how […]

Automakers latch onto fuel-saving tech

A promising, if so far underwhelming, fuel-economy technology is gaining momentum as automakers, squeezed by social and political pressure, look under every rock to gain even a few tenths of a mile per gallon. The technology goes by various names but by any name does the same thing: shuts off fuel to some of an […]

High hopes and hard truths dictate future

Efforts to fight global warming will be wasted unless we concentrate on energy efficiency When it comes to the future of energy, the world needs a reality check. Contrary to public perceptions, renewable energy is not the silver bullet that will soon solve all our problems. Indeed, in the decades ahead, three hard truths will […]

Miners having a blast in Utah uranium rush

MOAB, Utah – Utah mining prospector Kyle Kimmerle has more than a hunch that uranium will make him rich. It is a conviction so strong he has bet his house on it. ‘We literally spent every dollar we had in savings, hawked and sold our houses and put everything we owned into this. We went […]

Greenland ice may melt much faster: U.N. scientist

LONDON (Reuters) – New research shows that man-made climate change could cause the Greenland ice sheet to break up in hundreds, rather than thousands, of years, the chair of a United Nations panel of scientists said on Monday. Its entire collapse would raise sea-levels globally by around 7 meters (23 feet), they said.The U.N. Intergovernmental […]

Mischief in Karachi mob teeters on ethnic violence

KARACHI: Some people reportedly tried to turn what started out as an angry protest against a lack of electricity after the rains into ethnic violence Sunday. The power outage sparked a violent reaction from affected residents near Al-Asif Square Sohrab Goth but then there were reports that unidentified gunmen made abortive attempts to turn the […]

Oil Companies Hope Grease Is the Word for Fuel

Scientists Are Turning to Fat As Renewable Energy Source; Tapping Pizza, Taco Residue TULSA, Okla. — Here in the heart of the oil patch, laboratory technician Christine King is surrounded these days by containers of what her employer hopes will become the next big thing in energy: grease and fat. There’s used cooking oil, in […]

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