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News from July 2007

ASPO-USA Fall World Oil Conference Early Registration Ends August 1

ASPO-USA Fall World Oil Conference Early Registration Ends August 1 thumbnail

ASPO-USA has announced early registration will end Aug. 1 and that Media Policy for attending and registration is now available for the the 2007 World Oil Conference at the Hilton Americas Hotel in Houston, Texas on October 17th thru the 20th, 2007. aspousa


Scientists predict floods in New York from global warming

Scientists predict floods in New York from global warming thumbnail

New York and several coastal cities in northeast United States would suffer a huge upsurge in floods by the end of the century if temperatures continue to rise because of global warming, the Union of Concerned Scientists said in a report published Thursday. New York State’s 3.5-billion-dollar agricultural industry, particularly its apples, could be devastated […]


New Study Says Wind A Cheaper, Efficient Alternative To Nuclear

New Study Says Wind A Cheaper, Efficient Alternative To Nuclear thumbnail

A report commissioned in the Netherlands and leaked to a Dutch newspaper confirms that wind power will quickly replace nuclear energy as the fossil fuel alternative of choice. The researchers concluded that not only will technological advances in the coming years make wind financially competitive but also security costs tied to nuclear energy will further […]


The emerging age of hydrogen energy

The emerging age of hydrogen energy thumbnail

Our world desperately needs an alternative to oil that is both pollution free and endlessly abundant in supply. Fortunately, there is one alternative that meets those daunting criteria. That fuel — a fuel that will have a major place in powering our homes, businesses, motor vehicles, aircraft, and shipping in coming years — is hydrogen. […]


Government kicks-off energy saving trial

Government kicks-off energy saving trial thumbnail

Contracts between the government and four major energy companies were signed today to kick start a two-year energy saving trial. EDF Energy, E.ON UK, Scottish and Southern Energy and Scottish Power will all take part in installing “smart meters” in around 40,000 UK households. guardian


When the wells dry up

When the wells dry up thumbnail

Aberdeen is booming now thanks to high oil prices, but the future looks less rosy. Offshore output peaked eight years ago, when Britain was the world’s sixth-biggest producer of oil and gas; by 2006 it had become the 12th-biggest. The International Energy Agency said on July 10th that the drop in production had been steeper […]


RMOTC, Partner Successfully Test Enhanced Oil Recovery Monitoring Tool

RMOTC, Partner Successfully Test Enhanced Oil Recovery Monitoring Tool thumbnail

The Rocky Mountain Oilfield Testing Center (RMOTC) and hydroGEOPHYSICS, Inc. (HGI) have completed successful tests of HGI’s new, cost-effective enhanced oil recovery (EOR) tool for monitoring the movement of fluid injected underground to “flood” oil fields and increase oil production. The HRR(TM) technology monitors and identifies changes in spatial fluid flow characteristics and migration direction […]


Higher efficiency organic solar cell created

Higher efficiency organic solar cell created thumbnail

Nobel laureate Alan Heeger, professor of physics at UC Santa Barbara, worked with Kwanghee Lee of Korea and a team of other scientists to create a new physorg


BP finally relents, counts oilsands in global tally

BP finally relents, counts oilsands in global tally thumbnail

Oilsands skeptic BP PLC has finally caved after years of ignoring Alberta’s oil-soaked dirt in its influential tally of world energy resources. The oil giant, one of the few super-majors in the world without a significant oilsands project under development, has long been reluctant to count the number of potential barrels in the unconventional, economically […]


Peak Oil Down Under

Peak Oil Down Under thumbnail

Australia serves as a microcosm of a world entering the peak oil era.1 It can be shown beyond a reasonable doubt that Aussie oil production has peaked. As their oil companies struggle to offset production losses as demand grows, Australians must face up to the stark choices these circumstances present. One road, taken by the […]


Gasoline prices on the rise; fuel shortage due to flooded refinery

Gasoline prices on the rise; fuel shortage due to flooded refinery thumbnail

By the end of the week, prices could reach $3.25 to $3.50 a gallon in the Midwest, said Tom Kloza, publisher and chief oil analyst at the Oil Price Information Service. He said Tuesday that the prices consumers pay in the next 10 days could be the highest of the year. … He said distributors […]


Northeast faces flood risks from global warming

Northeast faces flood risks from global warming thumbnail

NEW YORK (Reuters) – New York’s Wall Street, Boston’s historic areas and Atlantic City’s casinos may all suffer frequent devastating flooding by the end of the century unless the world sharply cuts greenhouse emissions, a new report said on Wednesday. “The very character of the Northeast is at stake,” Peter Frumhoff, director of science and […]


Death To The SUV?

Death To The SUV? thumbnail

New Mileage Standards Could End U.S. SUV Production General Motors is abandoning plans for its luxury Cadillac Sixteen could be the first in a long list of large cars, light trucks and SUVs scrapped by automakers, as they face more strict fuel economy standards in the near future. The Senate has already approved a 40% […]


Biodiesel plant in testing stage

Biodiesel plant in testing stage thumbnail

It started as an interest back during the 1960s of renewable fuels, continued in 2006 with an investment opportunity open only to Iowans, and now Mike Bohannan’s dream has become a reality. After over a year in the works, and investments from many Iowans, the Iowa Renewable Energy (IRE) LLC biodiesel plant in Washington began […]


Energy for China

Energy for China thumbnail

More diversity of supply, but demand is growing fast China’s energy challenges are monumental. The economy is in the midst of a highly energy-intensive stage of growth, but domestic reserves Many countries are experiencing rapid economic growth, industrialisation and urbanisation. But China’s sizzling pace of growth and its huge population make its energy needs particularly […]


The Oil Drum: Mexico: A Nation-State Dissolves?

The Oil Drum: Mexico: A Nation-State Dissolves? thumbnail

In my annual new years predictions, I said that the most significant, and surprising, development of 2007 would be the collapse of both MexicoThe Oil Drum


Peak Oil Politics in Kuwait

Peak Oil Politics in Kuwait thumbnail

…Kuwait, OPEC’s fifth-largest oil producer, caused a chain reaction wreck in world oil markets last January. First, it got hit with the truth–Petroleum Intelligence Weekly, an industry publication, announced that secret reserve accounting put Kuwait’s petroleum holdings at half the official estimate. Then the markets got hit with a rise, more than two bucks a […]


The Vatican to Become World’s First Carbon Neutral Sovereign State

The Vatican to Become World’s First Carbon Neutral Sovereign State thumbnail

SAN FRANCISCO–(BUSINESS WIRE)–By agreement with the Vatican, Planktos/KlimaFa is now pleased and honored to announce that the Holy See plans to become the first entirely carbon neutral sovereign state, and it has chosen KlimaFa ecorestoration offsets to achieve this historic goal. In a brief ceremony on July 5th the Vatican declared that it had gratefully […]


Blood for oil

Blood for oil thumbnail

Brendan Nelson It also suggests


Canada’s Sovereignty over Arctic Waters on Thin Ice

Canada’s Sovereignty over Arctic Waters on Thin Ice thumbnail

For over 300 years, the Northwest Passage between Asia and Europe remained what Pierre Berton called the “Arctic Grail” in his 1988 book by that title. Even by the mid-twentieth century, only a handful of ships had wormed their way through the icy strait, and although heroic, their efforts did little to blaze the way […]


Iran will not halt enrichment, says Ahmadinejad

Iran will not halt enrichment, says Ahmadinejad thumbnail

Iranian President Mahmoud Ahmadinejad said on Wednesday that uranium enrichment will not be halted, even as a delegation from the UN nuclear watchdog was in Tehran for talks on the nuclear crisis. DailyTimes


Kurdish Official Speaks Out Against Iraq Oil Legislation

Kurdish Official Speaks Out Against Iraq Oil Legislation thumbnail

The Kurdish regional government in northern Iraq has spoken out against a draft oil law designed to distribute oil revenues among Iraq’s Sunni Arabs, Shi’ites and Kurds. The Kurdistan government’s resources minister said changes made in the draft law would reduce the powers of the region and should be opposed. He was speaking Wednesday to […]


U.S. Trade Deficit Probably Widened in May on Rising Oil Prices

U.S. Trade Deficit Probably Widened in May on Rising Oil Prices thumbnail

The U.S. trade deficit probably widened in May as a jump in imported oil costs swamped record exports, economists said before a report today. The gap in goods and services trade rose 2.6 percent to $60 billion from $58.5 billion in April, according to the median forecast in a Bloomberg News survey of 71 economists. […]


Is Hydrogen really the fuel of the future?

Is Hydrogen really the fuel of the future? thumbnail

The cars are powered by a regular engine that has been adapted to run on hydrogen, with backup being provided by a battery-powered motor. They have a range of around 80 miles before they need to be refueled. The number of hydrogen cars driving along the highway is expected to steadily increase as the project […]


Five Things that are Worse than Global Warming

Five Things that are Worse than Global Warming thumbnail

Bring up peak oil at a dinner party, and you’re likely to receive the sort of stares reserved for UFO enthusiasts and those who insist the moon landings were all a fake. But peak oil is being discussed today in places such as the boardrooms of Exxon, if not in publicGreenoptions


South sends oil to North Korea

South sends oil to North Korea thumbnail

South Korea has sent oil to the North as part of a deal by which the hermit state is to shut its nuclear reactor. At six-way talks in February, North Korea agreed to shut the reactor at Yongbyon, about 60 miles north of Pyongyang, and allow United Nations nuclear watchdog inspectors back into the country […]


News Analysis: Why does Kuwait keep its oil reserves secret?

News Analysis: Why does Kuwait keep its oil reserves secret? thumbnail

Kuwait’s Acting Oil Minister Mohammad Al-Olaim has reaffirmed the oil reserves at 100 billion barrels under the pressure from the members of parliament. Some lawmakers had threatened not to pass this year’s budget, which is with a projected deficit of around 10.3 billion U.S. dollars, if the oil sector didn’t tell them the truth about […]


Gasoline to hit $3.25 to $3.50 by weekend

Gasoline to hit $3.25 to $3.50 by weekend thumbnail

Indianapolis’ average price for a gallon of unleaded today went above $3 a gallon for the first time since Memorial Day weekend, but could reach record levels by Sunday in the Midwest, an industry analyst said. By the end of the week, prices could reach $3.25 to $3.50 a gallon in the Midwest and Great […]


Saudi Arabia upholds oil supply cuts for August

Saudi Arabia upholds oil supply cuts for August thumbnail

Saudi Arabia told major oil companies and Asian refiners on Wednesday that it would not relent on its oil export curbs next month, despite crude prices nearing record highs. Saudi Oil Minister Ali al-Naimi said none of its customers is asking for more crude oil. DailyTimes


Boom times for uranium mines?

Boom times for uranium mines? thumbnail

Trading at $7 a pound in 2001, “yellowcake,” as it is called, hit $120 a pound in May. By the end of June it raked in as much as $138 a pound on the spot market. The surging price has lured more than two dozen companies with mining expertise to the high-desert uranium fields here […]


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