Prediction #3 (of 3) from Matt Simmons:Biofuels Terrific But Won’t Add to Supply

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Mexico confirms attacks on pipelines

MEXICO CITY – Mexico’s government on Tuesday called a series of gas pipeline explosions a threat to the nation’s democratic institutions and vowed to step up security after a guerrilla group claimed responsibility for the blasts. The Interior Department said it would take measures to protect “strategic installations” across Mexico after an explosion Tuesday at […]

China, Syria in Talks on Refinery

Syria and China are discussing jointly building a $1 billion oil refinery in eastern Syria, state media reported Wednesday. Syria’s deputy premier for economic affairs, Abdullah al-Dardari, discussed the proposed refinery with Premier Wen Jiabao Tuesday during a visit to Beijing, the Xinhua News Agency and China Daily newspaper reported. WashingtonPost

Russia Mulls Potentially Oil-Rich Arctic Seabed

A Russian research vessel has begun a 90-day voyage to the Arctic as Moscow continues to pursue claims to the potentially energy-rich seabed under the Arctic Ocean. Led by a nuclear-powered icebreaker, the “Akademik Fyodorov” ship is carrying 85 researchers headed by Artur Chilingarov, the deputy speaker of the State Duma – the lower house […]

Venezuela, Iran to Team Up on $4 Billion Oil Project

Venezuela and Iran, oil-exporting countries that have sought to assert independence from the U.S., plan to spend a combined $4 billion on a joint project in Venezuela’s heavy-crude-producing Faja del Orinoco. The $4 billion investment is in the Ayacucho 7 block, which has about 31 billion barrels of oil. The project would rival the scale […]

Is Arab OPEC Going Green?

Recently I told you about a 100 MW solar power project in Abu Dhabi, one of the United Arab Emirates (http://www.orbusinvestor.com/articles/solar-saudi-japan/110). As one of the top oil and gas producers in the world, the UAE won the geological jackpot. Otherwise, it would be a loose confederation of feudal desert monarchies. Now, sheiks, emirs and other […]

Higher fuel prices blamed on flooding at S.E. Kansas refinery

Consumers are beginning to pay more at the pump because flooding at a southeast Kansas refinery has reduced fuel supplies. Prices spiked ten cents a gallon overnight at some stations. Industry experts say by the end of the week, prices could reach three dollars, 25 cents to three dollars, 50 cents a gallon in the […]

Iraqi Parliament delays meeting on oil law

Iraq’s Parliament will wait a week to hold sessions that could tackle controversial issues such as the proposed oil law. Meanwhile, Kurds say the current version must be changed and Sunnis are calling for a vote of the citizens to make the law official. Al-Sharqiyah TV reports in Arabic the Parliament postponed work until next […]

Kuwait’s oil reserves debate set

The Kuwaiti government will discuss the size of the country’s oil reserves in a closed-door session with members of parliament today. The size of the reserves in the world’s seventh-largest oil exporter became a sensitive issue last year when industry newsletter Petroleum Intelligence Weekly (PIW) said it had seen internal records showing reserves were about […]

Oil supplies are down and alternatives not yet available

A rule of thumb for the price of oil in the past five years has been to take the last digit of the year and add a zero: 2002 saw prices in the $20s; 2003 in the $30s; now oil is hovering around $70 a barrel. These high prices are desirable for steering the economy […]

Saudi oil minister says global oil inventories ‘comfortable’

Saudi Arabia’s oil minister said Wednesday that global oil markets have plenty of crude oil and that geopolitical concerns and refining bottlenecks are driving high prices. Ali al-Naimi said global oil inventories are “comfortable” and said none of Saudi Arabia’s customers were asking for increased supplies. “Let me say that (current) oil prices are not […]

Saudi Arabia to cut oil supply to Asia

Saudi Aramco, the world’s largest state oil company, will cut crude oil exports to Asian refiners for a tenth month in August, refinery officials said. The Dhahran, Saudi Arabia-based oil producer will reduce supplies of its Arab Light and Arab Heavy crude oil to refiners in Japan, China and South Korea by between 9 per […]

TOD Europe: COAL – The Roundup

A roundup of the five reports published in the first half of 2007 on the global coal situation. They are broadly in agreement saying that there is likely to be less coal available than traditionally thought. This throws into doubt continued levels of coal exploitation but also prevents any significant future coal-to-liquids response to oil […]

Omani develops date palm alternative to petrol

An Omani entrepreneur is promoting a biofuel for cars using extracts from date palms to cut the use of petrol in the oil-rich Gulf region, a newspaper reported Tuesday. More than 30 cars in Oman are already powered by the palm-based biofuel developed by Mohammed Al Harethi, who is planning to market the new fuel […]

Solar Variations Not Behind Global Warming – Study

The sun’s changing energy levels are not to blame for recent global warming and, if anything, solar variations over the past 20 years should have had a cooling effect, scientists said on Wednesday. Their findings add to a growing body of evidence that human activity, not natural causes, lies behind rising average world temperatures, which […]

London readies for ‘energy revolution’

London Vice-Mayor Nicky Gavron plans to spearhead decentralised generation so that every household in the city can eventually produce its own energy and cut CO2 emissions. New fines for polluting trucks and coaches are also planned for 2008, she has told EurActiv in an interview.“When it comes to practical action on the ground, cities have […]

Spaghetti is the latest victim of biofuel boom

The humble plate of spaghetti, Italy’s favourite dish, is set to soar in price, becoming the latest victim of the global rush on crops used for the biofuel industry. The price of a packet of dried pasta in a supermarket will go up by a fifth from September, said Mario Rummo, the president of the […]

Lula resumes nuclear program to make Brazil ‘world power’

President Luiz Inacio Lula da Silva on Tuesday relaunched the country’s nuclear program, promising to complete a nuclear submarine and a third atomic power plant both mothballed 20 years ago. “Brazil could rank among those few nations in the world with a command of uranium enrichment technology, and I think we will be more highly […]

Vital ingredient is missing from oil mix

If the world is a queue of motorists waiting to fill up, the petrol station owner raises his price as he watches the queue lengthen. Those of us at the end of the queue see the litre price on the sign change from 95p to What the IEA is really doing is making an urgent […]

High palm oil prices squeeze Indonesia biodiesel mix

Indonesian state-owned oil firm Pertamina has cut the biodiesel blend in diesel fuel to 2.5 percent as rising palm oil prices and lack of incentives have reduced margins, an official at a biofuel group said on Tuesday. Since last May, Pertamina has been retailing Biosolar — biodiesel made of 5 percent crude palm oil and […]

The Oil Drum: Steve Andrews of ASPO on CNBC

Steve Andrews, ASPO co-founder, discusses the last IEA report with John Kilduff (Man Financial energy analyst and CNBC contributor).Much more after the jump to The Oil Drum.

University partners up for oil research

Chevron Corp. and UT announced an alliance Monday to develop enhanced oil recovery techniques that could double the amount of oil extracted from fields more than 50 years old. The joint research will focus on developing surfactants, a specialized detergent, and polymers that can target trapped oil bypassed by conventional recovery techniques. dailytexanonline

Inflation as a State of Mind

The steep rise in oil prices in recent years has not triggered either high inflation or a recession, in large part because consumers and businesses expect price increases to remain tame, Federal Reserve Chairman Ben S. Bernanke said yesterday. washingtonpost

Brazil Best Positioned to Withstand Potential Carbon Crisis

Price change is the ultimate focus of investors, but investing as a forward looking process requires examination of fundamental issues. One fundamental issue in country analysis is the degree of carbon dependency – principally oil, natural gas and coal. Some countries may do better in a carbon starved world, or in a scenario where carbon […]

Kuwait and IEA Show Declining Oil Production Future

In the coming years, the situation will only increase, as more and more OPEC countries, even Saudi Arabia, will have to battle lower production levels and increased oil field depletion rates. Some analysts have said that the current depletion rate of Saudi Aramco fields, the largest in the world, has increased from 8% in 2005 […]

Military Intelligence: Iran will cross nuclear threshold by 2009

Iran will cross the “technological threshold” enabling it to independently manufacture nuclear weapons within six months to a year and attain nuclear capability as early as mid-2009, according to Israel’s Military Intelligence. Iran’s nuclear program may be delayed by one of three possibilities: a military attack on Iran, a system of pressures and sanctions that […]

The Convenient Solution

To stop climate change, we need to stop burning fossil fuels. The government says we need nuclear power to do this. We say there’s a more convenient solution: Our challenge to the government: you say you want to stop climate change and ensure energy security. This film shows why nuclear power can’t achieve either of […]

Swiss Companies Shine in Solar Energy Boom

Swiss companies are emerging as leaders in solar energy, driving technological advances and securing a rising share of the fast-growing market, as consumers look to alternative forms of energy to fight climate change. planetark

US Wind Power Market Drives Toward New Growth Plateau

With Texas, California, New York, Minnesota, Colorado and Washington at the forefront of wind project development, the U.S. wind power market is expected to reach a cumulative installed wind capacity of nearly 49,000 megawatts by 2015, according to a new study by Emerging Energy Research (EER) markets. energypulse>

Ford: Hydrogen Cars Close to Production

About 30 E-450 Hydrogen shuttle buses are working across the U.S. and Canada, and Ford engineers are monitoring them electronically in real time, Lapetz said. The vehicles, powered by a modified gasoline engine, have near zero emissions and get up to 13 percent better fuel economy than their gasoline counterparts, he said. Lapetz said Ford […]

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