S. Korea extracts gas hydrate

South Korea has extracted gas hydrate yahoo

Energy crisis cannot be solved by renewables, oil chiefs say

The world is blinding itself to the reality of its energy problems, ignoring the scale of growth in demand from developing countries and placing too much faith in renewable sources of power, according to two leaders of the global energy industry. The chief executive of Royal Dutch Shell today calls for a “reality check”. Writing […]

Dr. Albert Bartlett, In Depth

Dr. Albert Bartlett, professor emeritus of Physics from the University of Colorado at Boulder discusses population growth, peak oil and global warming, solutions and sustainability in great detail with GPM’s Andi Hazelwood. The in depth interview closes with a brief discussion of Australia’s coal reserves and a look at Queensland’s local government reform plan. In […]

Driving home theory of peak oil

Grass-roots groups doing plenty to educate others of sinking production, expanding demand Cheryl Nechamen knows that when a discussion turns to the theory of “peak oil,” listeners’ eyes tend to glaze over. So she’s been pleasantly surprised at how well talking about the 100-mile diet helps to break the ice. The peak oil theory is […]

BP to restart 10,000 bpd Alaska oil output Monday

NEW YORK (Reuters) – BP Plc (BP.L) expects to restart on Monday 10,000 barrels per day of Alaskan oil production at its giant Prudhoe Bay oil field, halted June 18 for a pipe leak, a BP spokesman said. BP shut part of the 400,000 bpd field after workers discovered a small leak in a 24-inch […]

AUSTRALIA: Manufacturers count cost of carbon

WHILE much of the carbon kerfuffle has centred on emitters in the energy and mining sectors, it is manufacturers that may face the biggest adjustments, says Liza Maimone, head of environment and sustainability services at Ernst & Young. Already under siege from low-cost exporters and a dollar threatening to pierce the US85 “Not only are […]

Nigerian Labor Unions Suspend Oil Strike

Nigeria’s labor unions have suspended a four-day general strike after reaching a compromise with government late Saturday night. For VOA, Gilbert da Costa reports the announcement is a relief for millions of Nigerians who endured four grim days of a total shutdown. Leaders of both the blue-collar Nigeria Labor Congress and the white-collar Trades Union […]

Dr Roger Bezdek in Australia

Dr Roger Bezdek’s Australian tour is underway. On Thursday 21st June he provided the keynote speech at a logistics and supply chain conference in Sydney. He is also providing briefings to business, Ministers and Government organisations in Canberra, Sydney, Melbourne and Brisbane. See general Seminar notice. Itinerary as well as multimedia links to many of […]

The Oil Drum: In Defense of the Hubbert Linearization Method

The Hubbert Linearization (HL) method (the Hubbert Linearization term was coined by Stuart Staniford, with The Oil Drum) is essentially based on the mathematical observation that a parabolic (bell shaped) curve can be plotted as a line, when we plot P/Q versus Q, where P = annual production and Q = cumulative production to date. […]

Corporate greed, corruption, and the coming collapse

…America has no real future. Not a good one, anyway. I give the nation anywhere from 5 to 25 years before it will self destruct under a mountain of debt, disease and corruption. You can thank the corporations and corrupt politicians for that. They’ve thrown away the dream of a nation that was once great […]

An Inconvenient IT Truth

…Surveys show that 48 percent of IT budgets is being spent on energy. And 70 percent of those surveyed say power and cooling are now their biggest problem.More than 50 percent of the power going into a typical data center goes to the power and cooling systems and NOT to the IT loads. A 1 […]

Lehman Raises Oil Price Forecast on Lower Supplies, High Demand

(Bloomberg) — Lehman Brothers Holdings Inc. raised its forecast for average Brent crude oil prices this year 3.7 percent because of limits in supply growth. The fourth-biggest U.S. securities firm increased its estimate for 2007 Brent oil prices to $70 a barrel from $67.50. Oil will average $75 a barrel in 2008, up from the […]

Too little, too late: Gore blames scientists for climate crisis

US could have acted sooner if experts had reached consensus In an extraordinary outburst aimed at America’s failure to tackle global warming, Al Gore says that if scientific agreement on the climate crisis had been reached sooner it would have been easier to “galvanise the public and persuade Congress to act”. The failed presidential candidate […]

The end of the wilderness: poachers pillage Russia’s wealth of salmon

…Poaching in Kamchatka is on such a large scale that, like the sturgeon, the Pacific salmon is at risk of disappearing altogether. The 750-mile peninsula is one of the world’s last truly great wildernesses, home to the rare Steller’s sea eagle, puffins and brown bears, who roam around its geysers and snow-covered calderas, or collapsed […]

Gazprom, Eni plan big gas pipeline under Black sea

Gazprom and Italian oil firm Eni unveiled a plan on Saturday for a big new pipeline to take Russian gas under the Black Sea to Europe, undermining an earlier plan to extend a Turkish route. The 900 km “South Stream” pipeline would come ashore in Bulgaria and then branch to Austria and Slovenia in one […]

Future of energy goes nuclear

Nuclear power in the land of oil and gas would have sounded more like the punchline to one of Alberta’s endless supply of Newfie jokes a few short years ago, but it marks a renewed interest in the controversial power source that stretches across the country and around the globe. Ontario is currently shopping around […]

China, Pet Food, Toys And My Coma

The pageant used music, dance and pantomime to convey, poetically, how something had gone mysteriously wrong with a time-honored and health-promoting process by which a chemical called melamine is extracted from coal and then turned into plastics and fertilizer. We saw how a visionary Chinese scientist had found a way to turn that coal-based chemical […]

Oman: Tapping green alternative

If a Sohar-based Omani entrepreneur has his way, then by 2010 the sultanate could become the first Arab country to produce an economically viable alternative to petrol. Mohammad Bin Saif Al Harthy and his family are successfully using ethanol produced from biomass for the last 18 months to run their cars in Sohar.“The bio-fuel is […]

Food and energy an inseparable commodity

While many of us in developed countries will be able to adapt to these changes, those in poor countries – and even many in our neighbourhoods – will not. World starvation will be far more profound. Should we continue our collective dependence on the automobile or eat? This question is not only a philosophical one; […]

Arabs urged to adopt solar energy plan

OPEC member Algeria’s plan to generate solar power for export and domestic use is an excellent innovation that other Arab states would do well to emulate, according to a renewable energy advocacy group. Wolfgang Palz of the Germany-based World Council for Renewable Energy said Arab states had been “left behind” in the Western-led race for […]

Iraqi officials say draft oil law to soon go to Cabinet for approval

Iraqi officials say a US-backed draft oil law will soon be returned to the Cabinet for approval after Kurds agreed to a compromise revenue-sharing measure. But they said many key sticking points remain unresolved jordantimes

Iran Warns Against Nuclear Sanctions

A senior Iranian official warned Saturday that further U.N. sanctions over Tehran’s contentious nuclear program could derail ongoing negotiations toward a settlement. Ali Larijani, Iran’s top nuclear envoy, said after his latest round of talks with European Union foreign policy chief Javier Solana that the international community should seek to keep negotiations alive, and chided […]

China and Russia in the New World disorder

Above all, with the exception of the Taiwan issue, China is a satisfied status quo power when it comes to the evolution of the international system dailytimes

Russia’s Putin to push new Balkan energy strategy

Russian President Vladimir Putin flies to Croatia on Sunday to launch a new energy strategy for the Balkan countries of southeast Europe. At a meeting in Zagreb, Putin will address Croatian host President Stipe Mesic and the presidents of Albania, Bosnia, Bulgaria, Macedonia, Montenegro, Romania and Serbia. “This is the start of an energy dialogue […]

The Future of Energy in the West

In the United States, a recent New York Times/CBS News poll revealed that seven-in-ten Americans support the use of ethanol, while 58 per cent of respondents think of nuclear energy as a bad idea. An April survey by Gallup shows 86 per cent of people in the U.S. want the government to invest in finding […]

Bush says nuclear energy key to economic vitality

US President George Bush paid a visit to the recently restarted Browns Ferry 1 nuclear power unit on 21 June, making forthright statements on the benefits of nuclear power. He was referring to the Global Nuclear Energy Partnership (GNEP), which would see cooperation with other advanced nuclear nations to close the nuclear fuel cycle with […]

Arizona among most vulnerable states to rising gas prices

A new report by the Natural Resources Defense Council (NRDC) ranks, for the first time, U.S. states based on vulnerability to high gas prices and on policies that reduce that vulnerability while protecting consumers and the environment. Citizens in Arizona spend an average of almost 5 percent of their per capita income on gasoline – […]

Oil, gas industry pumps billions into economy

The oil and gas industry contributed nearly $23 billion in direct and indirect economic benefits in Colorado in 2005, according to a state-funded study released Thursday. The industry, experiencing record natural gas development rates, generated $22.9 billion for the economy, or 6.1 percent of the total gross state product, according to the report by the […]

Canada’s oil sands development an economic boon, but leaves a mess

The development of Canada’s oil sands is laying waste to its great northern forest and western plains, say critics who point to skyrocketing greenhouse gas emissions, diverted rivers and razed backwoods. And the devastation can only get worse, they say, as energy companies pump billions of dollars into new projects to triple local oil production […]

Exxon to focus on oilsands?

Exxon Mobil Corp. is likely to turn its attention to Alberta’s oilsands in a big way as it scales back its presence or even pulls out of Venezuela, an analyst said yesterday. All except BP have increased their Canadian presence since Mr. Chavez stepped up his oil nationalization drive that involved boosting royalties and taxes […]

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