Behind every new US disaster has been the hand of Dick Cheney

The Bush team still has 18 months to fashion another foreign policy disaster, this time over Iran. All along Cheney has pushed harder for military action – how, mutter his acolytes, can we possibly leave the next president facing a nuclear-armed regime in Tehran? And now, just as with Iraq five years ago, leaks that […]

Oil: OPEC in Charge, $90 on the Way?

A few months later, none of those assumptions turns out to have been correct businessweek

Analysis: Oil from shale could meet need

Technology to draw oil from rock in Rocky Mountain states and other unconventional sources is getting another look from companies and the government as the demand for energy increases and supply tightens, especially in the United States. Shell is probably the leader in the field, said Jeremy Boak, project manager for the Colorado Energy Research […]

New US Natural Gas Projects Seen Boosting Supply, Easing Prices

New supplies of natural gas scheduled to hit the U.S. market over the next several months are expected to beef up already healthy inventories and could result in lower natural gas prices. U.S. gas stocks are at near-record levels after a warm early winter and a cool early summer have kept gas demand for heating […]

Calderon Plans US$76.5bn for Hydrocarbons Output

Mexico’s President Felipe Calderon has unveiled his administration’s 2007-12 infrastructure development plan, which entails investments of 822bn pesos (US$76.5bn) in the production of hydrocarbons, according to plan documents. The plan outlines primary objectives of increasing E&P activities and reducing the divide between hydrocarbons extraction and the incorporation of new reserves. Calderon’s administration aims to minimize […]

Solar Needs Brain Power

The solar industry is ripe for the support of the equipment and materials supply chain to drive down the cost of photovoltaic (PV) technology, said Rhone Resch, president of the Solar Energy Industries Association (SEIA). “Much of this forecasted growth depends on lower costs, and that depends on such things as deposition tools with better […]

World Fuel Cell Demand to Reach $8.5 Billion in 2016

Commercial demand for fuel cell products and services — including revenues associated with prototyping, demonstration and test marketing activities — will expand nearly sixfold to $2.5 billion in 2011 and reach $8.5 billion in 2016. Despite the small size of fuel cell technology’s current commercial footprint, a number of viable markets are expected to develop […]

FPL Energy to Use Citrus Peels for Ethanol Plant

FPL Energy, LLC signed a letter of intent (LOI) with Citrus Energy, LLC, of Boca Raton, FL, to develop a commercial-scale citrus peel to ethanol plant. The cellulosic ethanol plant will be owned and operated by FPL Energy and is expected to produce four million gallons of ethanol per year. It will be located on […]

Mexico, Venezuela oil slumps could hit U.S. supply

Falling oil production in Venezuela and Mexico, Latin America’s biggest suppliers of crude to the United States, could deepen U.S. reliance on shipments from the Middle East and Africa. The outlook comes as a setback to the White House, which is hoping to reduce U.S. oil dependence on unstable regions “The best Mexico and Venezuela […]

Gulf Ethanol Includes Uruguay in Ethanol Development Plans

Gulf Ethanol Corp. plans to establish a liaison office in Montevideo, Uruguay, to coordinate business focused on developing sweet sorghum production as an ethanol feedstock. Uruguay is in the process of developing 16 new pilot projects for sweet sorghum, a non-food crop alternative to corn and sugarcane, and a new law is imminent that will […]

New York crude hits 11-month peak above 76 dollars

LONDON (AFP) – The price of New York crude struck a fresh 11-month high point on Friday, above 76 dollars a barrel, owing to tight US supplies, while London’s Brent oil traded close to its historic high. New York’s main oil futures contract, light sweet crude for delivery in August, surged to 76.13 dollars per […]

Ramirez: Pdvsa cannot be so vulnerable

The appearance of Luis Vierma, Vice-President of Exploration and Production of Venezuelan state oil giant Pdvsa, before the Committee on Comptrollership, National Assembly, unveiled a situation likely to prevent the holding from meeting its crude oil output goal under its Oil Sowing Plan. On Thursday, Pdvsa CEO and Minister of Energy and Petroleum Rafael Ramirez […]

Oil subsidies do no one any favours

THE global oil market has become distorted as oil demand grows rapidly in developing countries that subsidise oil prices well below the free-market price. The result is rapid growth in oil demand in China, India and the Middle East driving the free-market oil price ever higher for developed countries. This will eventually lead to a […]

Pakistan: Oil & gas production registers increase

KARACHI (July 19 2007): Pakistan’s Oil and Gas production increased by 1.7 and 1.3 percent respectively during July-March period of fiscal 2006/07. An Economic Survey report said the average crude oil production in the review period was 66,485 barrels per day (bpd) against 65,385 bpd in the corresponding months a year ago. Similarly, the average […]

Venezuela: PDVSA to invest US$3.5bn in drilling rigs to boost output

Venezuela’s state oil company PDVSA will invest US$3.5bn in the acquisition of new drilling rigs, the company said in a statement. The announcement comes as PDVSA has endured labor unrest at rigs surrounding the nationalization of several rigs in western parts of the country. PDVSA spends an average of 25.4mn bolivares (US$11,828 at the official […]

Pakistan: New petroleum policy on boosting oil and gas production approved

ISLAMABAD: Government has accorded formal approval to new petroleum policy whereby different packages have been announced for oil and gas exploring companies. Unveiling the new petroleum policy here Thursday in a press conference, secretary petroleum Waqar Ahmad said the policy is focused on exploring ways and means to boost the national oil and gas productivity. […]

Pakistan: Sindh coal-based power plants

KARACHI (July 20 2007): To overcome the worsening power crisis in the country in general and Karachi in particular, the Federal government has decided to accelerate the pace of work on coal-based power plant projects in Thar coal field, Business Recorder learnt here on Thursday. According to highly placed sources in the Sindh Coal Authority […]

The Global Thirst for Crude Is Set to Rise

DAMMAM, 20 July 2007 The International Energy Agency (IEA) now predicts the global demand to go up by an average of 2.2 million barrels a day next year

1 Killed, 13 Injured in Ras Tanura Blaze

DHAHRAN, 20 July 2007 The fire was brought under control after one hour at around 10.30 a.m., the statement said. Two Filipino workers were reported missing shortly after the fire broke out, but one of them was located later with burns and subsequently died of his injuries. Though the accident resulted in some injuries, it […]

What drives quality of life for seniors? Driving

Demographers have been telling us for some time that Canadian society is aging, but a sense of urgency is just now emerging, heightened by the release of new data from Statistics Canada. Not surprisingly, the focus is on problems related to pension shortfalls and rising demand for government services, such as health care. But there […]

Panic of the rich worsens in Zimbabwe

HARARE The worsening gasoline shortages caused panic among drivers Friday who had bought coupons entitling them to gas with hard currency. Gas stations were rationing fuel to the coupon holders following an announcement Thursday by Industry Minister Obert Mpofu that coupons will be invalid after Aug. 1. The hard currency coupon system had been legalized […]

TURKMENISTAN – CHINA GAS AGREEMENTS: STILL A VERY LONG SHOT

On July 17 in Beijing, the Turkmen and Chinese governments signed grandiose-looking agreements on gas field development in Turkmenistan and gas sales to China. Presidents Hu Jintao and Gurbanguly Berdimukhamedov — on his first visit to China since becoming president in February — witnessed the signing. China These estimates are not independently confirmed and do […]

The Oil Drum: A Report on the API Conf Call on the NPC Report

On Wednesday, The Oil Drum participated in a bloggers conference call sponsored by the American Petroleum Institute (API). The main topic was the National Petroleum Council’s report “Facing the Hard Truths about Energy”. Here’s a detailed report on the call. The Oil Drum

The Crude Awakening

In the May 2003 edition of The Atlantic Monthly magazine, former CIA operative Robert Baer, in an influential article about America According to experts in the Kenyan energy industry that Business Daily spoke to, crude oil at a price above $100 would cripple the local economy and it would take one surprisingly possible event as […]

Minister: Japan firms need to limit peak power use

TOKYO (Reuters) – Japanese trade minister Akira Amari said on Friday industry would need to restrict electricity use during peak periods after a powerful earthquake forced the shutdown of the world’s biggest nuclear power plant. Tokyo Electric Power Co. (TEPCO), the operator of the Kashiwazaki-Kariwa plant in northwestern Japan, said it had enough capacity to […]

The Greening of Entertainment Tech

Some of you are really going to hate this column. Lately I There is ample evidence suggesting that this happy-go-lucky age is beginning to wind down, largely due to something called peak oil. It follows a classic bell curve. On your way up the curve, the oil is easy to extract, of very high quality, […]

Wham! Wham! Whammy!

Wham Jam! The gasoline got the proverbial triple whammy when the Department of Energy released its weekly inventory report and gas supplies confounded the experts in all major categories. In other words supply was down, production was down and demand was up. That lit a fire under the energy complex that is continuing to rage, […]

Peak Oil When? Case Western U. launches a scientific polling

Case Western Reserve University has launched a scientific effort aimed at reaching a global consensus over the expected timing for Peak Oil. The chosen methodology, BiPSA, would take in opinions from everyone and integrate them according to the credentials of the sources. Quite a few experts have already voted on the site. The Peak-Oil-When project […]

Clean energy investment surges in China – report

Business start-up funding for climate-friendly companies in China is soaring, nearing in the first three months of this year the level for the whole of 2005, according to a report by analysts Cleantech Group. Western enthusiasm to invest in Chinese clean energy companies is perhaps unsurprising given ambitious measures there to try and curb the […]

Tokyo Frets as Nuclear Shutdown Hits Energy

Worries about energy supply in Japan grew Thursday as officials said an earthquake-hit nuclear plant would stay shut at least for the summer amid fresh safety fears.“We’ll do our best for stable electricity supply, utilising our existing thermal power plants, but we may need to ask our customers to save on power,” Tokyo Electric Power […]

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