TRANSNEFT SQUEEZING OIL MAJORS IN THE CASPIAN PIPELINE CONSORTIUM

On July 19 Transneft president Semyon Vainshtok told the press that Russian demands Four main issues are again pending. First, Moscow demands a dramatic raise in the transport tariff on the pipeline

Kenya: Acute Gas Crisis Hits Towns

An acute shortage of liquefied petroleum (cooking) gas has hit major towns countrywide. A Sunday Nation survey yesterday showed that some dealers had not received fresh supplies for the past three months. And customers interviewed complained of difficulty in getting the commodity, forcing them to resort to other fuels Attendants at the BP filling station […]

Nigeria: Yar’Adua Tasks NNPC On Refineries’ Production Level

PRESIDENT Umaru Yar’Adua, yesterday, gave the Nigerian National Petroleum Corporation (NNPC) the marching order to raise the production level of the nation’s refineries by at least 70 per cent by the end of this year. He spoke to reporters at the Murtala Muhammed Airport, Ikeja on a day a report by Goldman Sachs indicated that […]

The Oil Drum: Hot Gas is a Bunch of Hot Air

News headlines about the so-called “hot gas” issue have been appearing occasionally in the Drumbeats, so I thought it was time to shine some light on the subject. The Owner Operator Independent Drivers Association (OIDA) recently launched a new website to “educate” people on this issue. And by educate, I mean obfuscate, mislead, and misinform […]

The Cold Truth

The crisis presented by global warming demands a response that is simple, comprehensive and effective. A tax on carbon consumption is the only response in sight that both discourages the production of emissions that cause global warming, and finances the rapid transition to a post-carbon economy. We have known for several decades that Earth has […]

Climate criminals

David Strahan thinks global oil depletion will soon spell the end of the Easyride. Mountaineers are a special class of climate criminal. We clearly have a particular moral duty to protect the icy landscapes we enjoy, and most of us like to think of ourselves as environmentally responsible. But the reality is rather different. When […]

Q&A: ConocoPhillips’ chief talks about meeting the demand

Q: In the 1970s, conservation was a word that was thrown around a lot with people lined up at gas stations and the 55 mile-per-hour speed limit. What do you think changed? Why did people stop caring about conserving and efficiency? A: Well, we’ve gone through over the decades, many decades, the cycles of the […]

Claude Mandil: Industry Can Substantially Save Energy And Reduce CO2 Emissions

Have you noticed odd changes in the behaviour of your friends and family, such as shunning car purchases in lieu of public transportation and taking action to move to a smaller residence? Probably not. Generally, rising incomes translate into demand for bigger homes and more powerful and larger cars. This poses a problem, since it […]

Bangladesh Energy: Poor Policy, Wrong Strategy

Bangladesh, now one of the poorest countries of the world is really not poor in respect of natural endowment of resources. It has very fertile land which grows almost everything with minimum of efforts. It has great hard working and painstaking farmers, happy go merry general masses that believe in plain living and are more […]

Cameco Problems Halt Uranium Price Decline

Just when the uranium markets begin to look dull According to Friday

BNP: Politicians fret over wrong crisis as Peak Oil looms

In a stunning reversal of its previous dogmatic Up until now the Chevron oil company has been the only mainstream oil industry player to have publicly acknowledged the clear and present danger posed to the global economy and to a world population which has exploded in recent decades on the back of the oil-based

Ecuador tries novel balance of oil and environment

EL COCA, Ecuador (Reuters) – Under pressure to preserve the environment while at the same time ease the poverty of his people, Ecuadorean President Rafael Correa has come up with an unusual solution. Correa wants wealthy nations to pay Ecuador $350 million a year in exchange for leaving an estimated 1 billion barrels of oil […]

Milk crates fuel black market

LOS ANGELES – For decades, college kids have used stolen milk crates as the basic building blocks of coffee tables and dorm room shelves. Now, a new breed of crate rustler is cashing in by swiping thousands of the containers from loading docks and selling them to shady recyclers. The containers are chopped into bits […]

Peak Tech? (Kunstler)

Go anywhere in America, among any class of people — from the Nascar morons to the Ivy League — and one expectation is pretty universal: that technology will only bring us more wonders and miracles, and it will certainly save-the-day where our energy problems are concerned. This would seem natural for people living in an […]

China June crude oil output up 2.5 pct yr-on-yr at 15.72 mln tons

China’s June crude oil output rose 2.5 pct year-on-year to 15.72 mln tons, the National Bureau of Statistics (NBS) said. China produced 5.06 mln tons of gasoline, 10.69 mln tons of diesel and 1.0 mln tons of kerosene in June, up 12.9 pct, 11.2 pct and 26 pct respectively, the NBS said. Forbes

Climate change fears reach even Formula One racing

NUERBURGRING, Germany (Reuters) – Talking about climate change at a Formula One race might at first glance seem like praising celibacy in a brothel. The world’s top motor sport competition is for many the epitome of gas-guzzling wastefulness with powerful engines burning nearly a liter of fossil fuel per kilometer while a vast entourage of […]

Gas crunch not likely to end soon (North Dakota)

The fuel situation remains tight in North Dakota and the crunch isn’t likely to end any time soon. Gas Prices are high in the state and throughout the Midwest because of problems at refineries. KXMB

How Big Is The Oil Supply Problem?

If you want to read about the future, start reading about peak oil. World oil production probably peaked in mid-2005, but time will tell. The next 5-year situation depends on whether the Saudis can produce more oil. Their production went down 2005 to 2006, but they still talk about raising production levels due to several […]

Russia and US to Square Off Over Energy Reserves

The media and international affairs experts have been portraying missile defense in Europe and the final status of Kosovo as the two most contentious issues between Russia and the United States, with mutual recriminations over Scoop

New insights on the Soviet Union’s collapse

Crude oil prices last week were flirting with a record high. It’s great news ChristianScienceMonitor

75% of our oil needs are met through import. (India)

Union minister of petroleum and natural gas Murli Deora has his eyes set on increasing the oil refining capacity in the country. The minister envisages increasing domestic refining capacity to 241 million metric tonnes per annum (mmtpa) from the current level of 149 mmtpa in the next five years. In an interview with K K […]

Will Nuclear Fusion Fill the Gap Left by Peak Oil?

Nuclear fusion has evoked opinions in the various energy blogs ranging from The Oil Drum

PDVSA’s ‘Operational Emergency’

There is something really funny that happens all the time after countries go though oil nationalizations or re-nationalizations as Venezuela is re-discovering the hard way. The path is simple. Oil is declared the national treasure that the often hated foreigners, headed by the United States, want. Controlling that oil becomes a symbol of national emancipation […]

Outlook grim for timely oil deal

Efforts to achieve national reconciliation in Iraq received a double blow Sunday. Lawmakers acknowledged that there are still many differences on a proposed law to manage oil revenue, the country’s most lucrative resource, making it unlikely they would approve a law before September, when the Bush administration must report to Congress on Iraq’s progress toward […]

Cheap natural gas about to be piped away

A $4.5 billion pipeline will send some fuel east, raising prices for Coloradans but increasing producers But the prospect of higher prices already is encouraging Rockies energy producers to invest more in exploration and drilling, enticed by larger profits. The pipeline project will upend the current environment where a surplus of gas for several years […]

Global warming? No, just an old-style British summer

To many, the black skies and fierce rains must have seemed an ominous portent of things to come: symptomatic of the environmental ravages of global warming. But, however extreme the weather we have experienced over the past few days, its significance in meteorological terms is likely to be more prosaic. This year’s apparently extraordinary weather […]

England under water: scientists confirm global warming link to increased rain

It’s official: the heavier rainfall in Britain is being caused by climate change, a major new scientific study will reveal this week, as the country reels from summer downpours of unprecedented ferocity. More intense rainstorms across parts of the northern hemisphere are being generated by man-made global warming, the study has established for the first […]

Spain Takes Steps to Curb Energy Consumption

Spanish ministers have approved a batch of urgent measures to curb energy consumption and slow the growth of greenhouse gas emissions, ministers said on Friday. The central government will set an example by reducing energy consumption in its own buildings, with a goal of saving at least 9 percent by 2012 and 20 percent by […]

Tibet Warming Up Faster Than Anywhere in the World

Tibet is warming up faster than anywhere else in the world, Xinhua news agency said on Sunday. The average annual temperature in Tibet, the roof of the world, was rising at a speed of 0.3 degrees Celsius every 10 years, Xinhua said.Chinese scientists have long warned that rising temperatures on the Qinghai-Tibet plateau will melt […]

Global fund adds agriculture stocks to resource mix

Evan Smith and Brian Hicks are buying agricultural stocks after shares of oil and mining companies made their U.S. Global Investors mutual fund the top performer among its peers over the past five years. The $1.3 billion Global Resources Fund owns shares of fertilizer makers Potash Corp., Agrium and Terra Industries, which surged by an […]

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