Research Center for Renewable Energy Set Up

Saudi Arabia has set up a world-class multimillion-riyal research center for renewable energy that seeks to empower the country to continue playing the role of world energy leader for years to come. Spelling out the features of the research center, Rahman said, arabnews

Iran needs nuclear energy for its economic survival

Three days ago I returned from Tehran where I witnessed how introduction of petrol rationing resulted in riots which in turn signalled crisis point in Iran When the current administration came into power in the United States, propaganda against Iran

Oil Experts:

When scientists say oil production could peak soon, the reports are met with skepticism, especially in industry. When economists talk, industry pays more attention. That makes Monday A handful of scientists have been saying for years that the peak is not just inevitable but will come sooner rather than later. Another handful disagreed. The world […]

Costs Surge for Building Power Plants

General Electric called in reporters yesterday for a briefing on a nuclear plant it is trying to sell in partnership with Hitachi, a plant it said can be built faster than before, operated reliably and have a vanishingly small chance of an accident. But what will it cost? After some hemming and hawing, company executives […]

Makansi Warns Of Looming Energy Crisis

Jason Makansi warned the Chattanooga Engineers Club on Monday that decisions must be made soon if America is to avoid a looming energy crisis that he said could cripple the world A prolific author, Mr. Makansi has spent the past 25 years analyzing the technological, business and regulatory issues in electricity production and delivery. He […]

In the heart of oil country

Lots of money, and risk, involved in bringing Alberta crude to surface Editor’s note: First of a three-part series From the Ground to the Pump that explores the production Pump jacks riddle the countryside in this hilly region of Alberta where the sandy terrain is more useful for grazing cattle than growing crops. Bobbing slowly […]

Gresham

Gresham How much more valuable is the metal in the coin? The conversion ratio is a one-rupee coin can be made into seven razor blades, worth 35 rupees! The natural result of Gresham

Rising fuel prices hits Air Force, other services hard

WASHINGTON “We burn a lot of gas,” acknowledged Assistant Air Force Secretary Bill Anderson, who oversees fuel consumption for the service. The skyrocketing price of oil is causing a strain on the Defense Department, the largest petroleum consumer in the nation, if not the world. With combat forces deployed in Iraq and Afghanistan, U.S. strategists […]

The Fundamental Things Apply…As time goes by

…In the years and decades to come, oil will be in ever-greater demand around the world. Supply will continue to be found, but the cost of getting the oil to market will get higher as companies and countries look to deep sea drilling, tar sands and oil shale production. All these methods are extremely expensive […]

Ford sees plug-in hybrids in 5-10 years

ROSEMEAD, California (Reuters) — Ford Motor Company Chief Executive Alan Mulally says he expects the company to sell plug-in hybrids in five to 10 years. “Within five to 10 years we will start to see this technology in our hands,” Mulally said on the sidelines of a press event to announce an alliance between Ford […]

Napping on the railroad tracks

Napping on the railroad tracks sounds risky on its face. But it may not feel that way if you don’t know you’re napping on the tracks. Humans seem programmed to believe that the future will look pretty much like the past. But the narrative of history is the narrative of unexpected events. And, so it […]

Crude surges as producers slash discounts

The actual cost of crude oil has surged to a record high through a combination of world benchmarks rising and a sharp reduction in the discounts that large producers, such as Saudi Arabia, Iran or Mexico, are offering to refineries. The latest in a series of cuts to discounts The reduction has gone largely undetected […]

End of cheap-food era bad news for poor

The era of cheap food is over. The price of corn (maize) has doubled in a year, and wheat futures are at their highest in a decade. The food price index in India has risen 11 per cent in one year, and in Mexico in January there were riots after the price of corn flour […]

Prediction #1 (of 3) from Oil Expert Matt Simmons:

How might the gas shortage that Simmons fears unfold? EnergyTechStocks There’s also Part 2: Prediction #2 (of 3) from Oil Expert Matt Simmons: World to Soon Realize Oil Production Peaked (Part 3 will be posted tomorrow.)

U.K. Parliament Members Form `Peak Oil’ Group to Study Reserves

July 10 (Bloomberg) — The U.K. parliament formed a group to study peak oil, the theory that world oil production is approaching its zenith, as British lawmakers face up to the country’s future as an energy importer. The All-Party Parliamentary Group on Peak Oil and Gas, which held its first meeting June 26, comprises 32 […]

U.S. Looks to Canada for More Oil

Pipelines Reverse Flow As Imports Slow From Latin America The future of the U.S. oil industry arrived last year in Cushing, Oklahoma, moving along at three kilometers an hour. It was the first crude from the Albertan oil sands to reach as far south as the giant Cushing pipeline hub, one of the locations where […]

If it smells like peak oil, it probably is

The first sentence of the executive summary of the International Energy Agency’s (IEA) influential “Medium Term Oil Market Report,” released today, states the broad outlines of the problem baldly: “Despite four years of high oil prices, this report sees increasing market tightness beyond 2010, with OPEC spare capacity declining to minimal levels by 2012.” Demand […]

Canada ‘to reclaim Arctic waters’

Canada has announced plans for six naval patrol vessels and a deep-water port in the north to assert its claim to territorial waters in the Arctic. Other countries, including the US, say the waters are international territory. The $3bn (BBC

Rain Dance (Kunstler)

Am I the only one who wonders whether rock and roll extravaganzas in the service of Great Causes might be exercises in grandiosity and futility? What I wonder especially: is this the only way we know how to respond to the difficulties that life on earth presents — to engage a corps of professional narcissists […]

Play peak oil before you live it

On April 30, 2007, an oil crisis shook the world. Supply chains were interrupted, and in the ensuing weeks the price of gas pushed higher and higher, peaking around $7 per gallon. The American economy sputtered to a halt as shortages spread — Detroit’s car factories cited lack of demand and shut down for the […]

Zimbabwe veers closer to the brink as shortages worsen

Zimbabwe’s economy veered closer to the brink Monday with no end in sight to chronic shortages of staple foods and gasoline, and predictions of a standstill in routine business within days. Police and government inspectors continued cracking down on shopkeepers and sales managers accused of defying orders to slash prices by half in a desperate […]

Plains states waive trucking rules

Minnesota and South Dakota have waived hours-of-service restrictions for fuel haulers, while Kansas has waived restrictions because of flooding. Gov. Tim Pawlenty of Minnesota signed an emergency executive order June 29 to ease distribution of gasoline and diesel. MinnesotaEtrucker

We’ll Need a Good Recession to Avoid Higher Energy Prices

The International Energy Agency released their “Medium-Term Oil Market Report” a short time ago – it looks like we’re going to need a good recession to avoid much higher energy prices over the next few years. Thought you might like to hear that – here’s why SeekingAlpha

The Coming Warfare of Oil Shortage

If the conflict-ridden and oil-rich Middle East today is crucial to the national interest of superpowers and stability of the global economy, future worldwide dependency on the region for oil will push the international system into new frontiers of conflict and chaos. The region has been a vital source of oil not only for western […]

IEA chief urges OPEC to increase output – Le Monde

The head of the International Energy Agency urged OPEC on Tuesday to increase its output immediately, saying there was a risk that stocks of refined oil might not suffice. “OPEC knows the situation. The market is not well stocked. It should quickly increase its production,” IEA executive director, Claude Mandil, said in an interview with […]

Russia to begin China oil pipeline in 2008 – minister

Construction work will begin next year on a much-anticipated pipeline to deliver crude oil directly from Siberia to China, Russia’s energy minister said Monday, according to news reports. Speaking in Beijing, Energy Minister Viktor Khristenko said the first payment for the Chinese branch of a trunk pipeline that links Siberia to Russia’s east coast was […]

30 companies bid for Kuwait refinery

Kuwait state refiner KNPC said on Monday around 30 companies have submitted preliminary bids for Kuwait’s planned 615,000 bpd al-Zour refinery, the Middle East’s biggest refinery project. Among applicants were many large international firms, a spokesman for Kuwait National Petroleum Co. (KNPC) said. He declined to give any more detail on the bidders. ArabianBusiness

Finland’s Nuclear Plans Lure Political Visitors

he road to this island on Finland’s western coast winds through pristine fields and forests, an idyllic place for a cottage by the shore — if you ignore the heavy-duty power lines overhead. The nuclear plant they lead to is at the frontier of European efforts to fight climate change while also meeting demand from […]

China Urges Coal Sector to Speed Up Energy Efficiency

China’s top economic planning agency has told its coal sector to accelerate energy-saving and emission-control measures, offering preferential access to power grids and lower taxes as incentives. The National Development and Reform Commission (NDRC) said in a statement issued late on Thursday that coal firms should cut their energy consumption per ton by 20 percent […]

Egypt needs renewable energy for growing industry

Egypt, a significant natural gas exporter, needs to develop renewable energy including wind generation if it is to power its growing domestic industries, a senior Egyptian official said on Monday.“We are concerned that, although we have reserves in terms of natural gas and oil, we all know that this has a limitation in terms of […]

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