Iraq May Have Second Largest Oil Reserves In The World

The report found that Iraq kxmc

The Peak Oil Crisis: July 2007

The underlying fact is that OPEC oil production and indeed total world liquid fuel production currently is about 1.2 million barrels a day lower than in July 2006. Demand from China, India, most oil exporting states, and some developed countries keeps increasing so obviously a lot of poor countries are consuming a lot less oil […]

National RPS: July’s U.S. House Vote Crucial

The message is the same in report after report: The U.S. needs a National Renewable Portfolio Standard (RPS) or Renewable Electricity Standard (RES) to spur the country’s renewable energy market, generate millions of new jobs over the next decade, and lower electric bills for consumers and businesses alike — not to mention help slow the […]

National Petroleum Council Report Puts Emphasis on Improving Vehicle Fuel Econom

Implementing stringent fuel economy standards for light-duty vehicles is one of the principle strategies needed to reduce petroleum demand that is outlined in a report presented today to the Secretary of Energy by the National Petroleum Council (NPC). Energy Secretary Samuel Bodman requested the report assessing the future of oil and natural gas through 2030 […]

Biofuel crop study warns of impact

The environment could be threatened by the rush to grow crops for use in biofuels, conservation groups have warned. They estimate that almost 2.5 million acres could be planted with crops for heat and power generation by 2020. In a new report, Bioenergy in the UK, 11 environmental groups say that biofuel crops such as […]

Dust, waste and dirty water: the deadly price of China’s miracle

Hundreds of millions of people are being made ill every year or dying prematurely from pollution caused by China’s breakneck economic growth, a leading economic thinktank has concluded following an 18-month investigation. The OECD study, prepared at China’s request, draws on work by the government, World Bank and Chinese Academy of Sciences to spell out […]

Survey reveals UK full of ‘armchair ecologists’

Despite the rise of the ethical consumer and increasing concerns over the size of our carbon footprints, it appears that that the UK is a nation of “armchair ecologists”. A survey shows that while 86% of people worry about the environment, far fewer are prepared to do much to protect it. guardian

How High Can Crude Oil Fly?

In London, the price of North Sea Brent, the benchmark for two-thirds of the world Inflation is less responsive than it used to be to changes in oil prices and other supply shocks. If inflation expectations are well anchored, changes in energy and food prices should have relatively little influence on

Save the Earth, buy less

China will over take the United States next year to become the world’s largest producer of greenhouse gases. China and the United States together emit 40 percent of the planet’s carbon dioxide, according to the International Energy Agency. It is clear that leadership, not finger-pointing, is required from both of these nations if the global […]

Tighter Oil Markets: Get Ready for Another Spike in Oil Prices

…In the beginning of the year, oil prices dropped to $48.20 a barrel. All of a sudden there was a rush of people saying prices would fall to $30 a barrel before they rose back over $55 a barrel. We got a good chuckle out of that. Prices soon rebounded and moved higher. A few […]

Energy Policy Could Help Make or Break European Unity

PERUGIA, Italy — Back in the good old days, European unity was all about energy. The European Union’s original ancestor was the European Carbon and Steel Community, established in 1951. Six years later, on March 25, 1957, leaders signed Euratom, an agreement on atomic energy, along with the other, better-known Rome Treaty. Fifty years of […]

Oil to hit $100 in 2008, predicts bank

A “steady ascent” of crude oil prices toward $100 (U.S.) a barrel continues, but the predicted date when that level will be hit remains a moving target, according to a CIBC World Markets report Wednesday. The investment banking division of the Canadian Imperial Bank of Commerce (TSX: CM) predicts “new record highs of $80 a […]

Hybrid lovers: The honeymoon may be over

As the reality of fuel efficiency sinks in, fewer new car buyers are considering a hybrid, according to J.D. Power NEW YORK (CNNMoney.com) — The percentage of car shoppers considering hybrid vehicles has declined in the past year, according to a survey released Tuesday by J.D. Power and Associates. Fifty percent of new vehicle shoppers […]

Oil Industry Offers Sobering Outlook on Supply

WASHINGTON, July 18 The result is a colossal 476-page study entitled

Alternative Energy: How to Invest in the Next Booming Industry

Alternative energy is undoubtedly the future and we are just entering the early phases of what will be the next booming industry. Even if the whole global warming epidemic isn Peak oil is the date when the peak of the world

Climate change threatens Italy’s Po River delta

ROME (AFP) – Major changes in water use will be necessary in northern Italy’s economically strategic Po River basin because of climate change, the daily Repubblica Tuesday quoted experts as saying. Rising sea levels, reduced rainfall and lack of snow in the Alps will combine over the next few decades to render the last 100 […]

Sinopec reports 2.12% rise in crude output in first half year

BEIJING, July 18 (Xinhua) — China Petroleum and Chemical Corporation (Sinopec) announced Wednesday that its crude oil output reached 143.88 million barrels in the first six months, up 2.12 percent from the same period of last year. According to statistics before auditing released by Sinopec, it produced 139.55 billion cubic feet of natural gas, up […]

China shuts down 156 small thermal power generating units in first half year

BEIJING, July 18 (Xinhua) — China shut down 156 small coal-fired energy-guzzling generation units with a combined generating capacity of 5.5 million kilowatts in the first half of 2007, the National Development and Reform Commission (NDRC) said on Tuesday. The shut-down will save 8.5 million tons raw coal every year and cut the annual emission […]

THE SHTOKMAN GAS DEAL: AN INITIAL ASSESSMENT OF ITS IMPLICATIONS

Gazprom Gazprom lacks the necessary investment capital and technology to extract and liquefy the gas from Shtokman. However, Gazprom and the Kremlin successfully played Western companies against each other to enlist their technology and capital for the project, ultimately to Russian unilateral advantage. On July 13 Gazprom

China: Oil refiners seek gasoline price hike

In response to another round of rising global crude prices, China’s top oil producers are considering seeking approval from the National Development and Reform Commission (NDRC) to increase prices of gasoline and diesel. The nation’s two largest oil companies, China National Petroleum Corp (CNPC) and China Petroleum & Chemical Corp, are among the firms that […]

RUSSIA PRODS CHINA TO PAY FOR SIBERIAN PIPELINE

On July 13 the foreign ministers of Russia and China met in Moscow to discuss bilateral ties, including energy issues. After the meeting Russia’s top diplomat, Sergei Lavrov, noted a shared interest in investment cooperation and coordination of plans to develop Russia’s Far East and Siberia, as well as Northeastern China (Interfax, RIA-Novosti, July 13). […]

Growth of ethanol industry likely to boost competition for corn

AMES — Ethanol plant construction likely will change how corn moves in Iowa and throughout the country. Overall, ethanol plant construction likely will lead to a higher basis variability, and regional basis patterns within Iowa will attract corn from other areas of the state in a normal year, says Robert Wisner, Iowa State University Extension […]

World-premiere for Scania

A full-size low-floor city bus that cuts fossil CO2 emissions by up to 90 percent if fuelled with ethanol and saves at least 25 percent fuel Debuting at the UITP public transport congress in Helsinki 21-24 May 2007, the new Scania concept bus is the result of a three-year development project conducted at the Scania […]

Sumed set to become center of international crude oil exchange

The Arab Petroleum Pipelines Co. (Sumed) will establish five new storage tankers at Sidi Kreir, the loading terminal at the northern end of the Sumed pipeline, increasing its storage capacity to 20 million barrels of oil per day. The move is set to transform the area into a hub for international petroleum and crude oil […]

More finds in the North Sea

Operator Statoil has completed the drilling of two appraisal wells at the Ermintrude find in the North Sea, near Sleipner. Gas, condensate and oil have been proven. Wells 15/6 A and B lie in production licence 303 seven kilometres north of the Sleipner area in the North Sea’s central sector. Gas and condensate in sandstones […]

REC to increase mono-wafer capacity

Renewable Energy Corporation (REC) has decided to invest NOK 1,350 million to increase the monocrystaline wafer production capacity at the existing plant in Glomfjord, Norway. The capacity will be increased from approximately 35 MW to more than 300 MW by 2010. REC is well established as the world’s leading supplier of multicrystalline wafers, but has […]

The Oil Drum: The National Petroleum Council Report

Stuart writes, “…the NPC put together a team who have a track record of being relentlessly overoptimistic, and the absolute trailing edge of concern about oil supply issues. What did they have to say? So, we could summarize this as “Peak oil is nowhere in sight; we think we can continue to grow oil supply […]

National Petroleum Council report comes up a dry hole

On Wednesday, the National Petroleum Council (NPC) plans to release its report on oil and natural gas trends out to 2030. However, The NPC

Hummer owner gets angry message

Vandals batter D.C. man’s SUV, slash its tires and scratch in an eco note WASHINGTON – On a narrow, leafy street in Northwest Washington, where Prius hybrid cars and Volvos are the norm, one man bought a flashy gray Hummer that was too massive to fit in his garage. So he parked the seven-foot-tall behemoth […]

Japan’s nuke spill bigger than first reported

TOKYO Tokyo Electric spokesman Akitsuka Kobayashi said today that the water was actually 50% more radioactive than they had initially calculated. The company apologized on its website for the error. Spokesman Jun Oshima said the amount was still “one-billionth of Japan’s legal limit.” “They were hiding the truth,” said Masako Sawai, researcher at Tokyo’s Citizens’ […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy