Kuwaiti MPs want size of oil reserves disclosed

Several Kuwaiti deputies have threatened not to approve this year’s national budget if the government fails to disclose the size of its oil reserves, a newspaper reported on Monday. Parliament is expected to approve the budget of the major OPEC producer by the end of its final session on Wednesday before a summer break. Gulfnews

Russia announces higher oil exports

Russia’s oil exports amounted to 101.562m tonnes in January-May 2007, which is nearly 8 percent more than in the same period a year earlier, the Russian Federal Customs Service reported today. Meanwhile, oil exports grew 4.9 percent to $40.819bn in money terms. Exports to non-CIS countries stood at 93.919m tonnes (up 7.43 percent), worth a […]

China oil demand seen rising to 9.96 mln bpd by 2012 from 7.59 mln this yr – IEA

The International Energy Agency (IEA) said it expects China’s oil demand this year to remain flat compared to its previous forecast at 7.59 mln barrels per day (bpd), before rising to 8.05 mln in 2008 and further to 9.96 mln bpd in 2012. In its medium-term oil market report, the agency said that Chinese demand […]

Queues resurface as Zimbabwe runs out of fuel

Long fuel queues have resurfaced in Zimbabwe as filling stations ran out of petrol following a government directive to reduce prices by up to 60 percent, APA observed here. Only few filling stations in the capital, Harare, had fuel Sunday, resulting in long queues by desperate motorists. The government Thursday ordered oil companies to slash […]

OPEC has little power to ease oil prices – Algeria

Algeria’s Energy and Mines Minister Chakib Khelil said on Monday there was “not much” OPEC could do to bring down high oil prices as global crude oil stocks were already sufficient. “There is plenty of stocks. It’s a problem with capacity and refining,” Khelil told Reuters ahead of a gas pipeline conference in Brussels. Reuters

Hoeven extends service hour order until July 19th (North Dakota)

Governor Hoeven has extended through July 19th his executive order that allows commercial truckers to work longer in hauling fuel. Hoeven’s order waives restrictions on the number of hours truckers can provide service. Officials say they have to wait longer and go farther to find gasoline supplies. KXMB

Energy Investors Take Note: The Second Law of Thermodynamics Still Applies

With the recent rise in interest in alternative energy technologies and other breakthrough clean technologies has come the inevitable rise in questionable business ideas promising unbelievable benefits: “free” energy, “free” electricity, etc. Let’s just call these the “Huh” companies — they typically invite people to sign up to be an early customer for free (just, […]

Australia’s Downer: Iraq withdrawal could trigger regional conflict

Pulling U.S. coalition troops out of Iraq too soon could spark wider conflict throughout the Middle East, Australia’s foreign minister said Monday. Al-Qaida is fomenting sectarian violence in Iraq and if the terrorist group succeeds there the consequences for security in the wider Middle East region and elsewhere in the world would be dire, Foreign […]

The Iran Crisis and Possible Scenarios

Iran has been in the spotlight on numerous occasions over the past few years due to accusations by Western states, and most Arab Sunni ones, that its strategic aim is to use its nuclear facilities for the creation of nuclear weapons, or as someone might call it, the first “Shiite A-bomb.” WorldPress

Marchetti’s Curves

This is a brief account of the Energy Susbstitution Model developed by Cesare Marchetti in the 1970s at IIASA. Using data from the latest BP Statistical Review the evolution of the energy market is compared with the model to understand why the Hubbert Peak of fossils fuels represents a problem today.

Read the full article at The Oil Drum : Europe

Old King Coal: Why the World Needs a Coal Power Moratorium

The most important time-critical action needed to avert climate disasters concerns coal. Consider: 1) one-quarter of fossil fuel CO2 emission remains in the air for more than 500 years, 2) conventional oil and gas reserves are sufficient to take atmospheric CO2 at least to the vicinity of the “dangerous” level, and it is impractical to […]

Denmark: Wind energy heads into the black

Increasing the amount of power Denmark obtains from wind energy could have major economic benefits, according to an Institute for Environmental Studies report. Wind energy advocates have traditionally touted the environmental benefits of the renewable energy source, but the institute’s findings indicated that investments in wind energy give an economic surplus as well.Denmark currently obtains […]

China to encourage loans for energy-efficient companies

China, the world’s second-biggest oil consumer, will limit loans for industries that are heavy users of energy to reduce waste and improve environmental protection. Banks will be ordered to restrict lending to companies that pollute, the central bank said on its Web site Friday. Financing will be encouraged for companies with innovative technology that allows […]

Energy productivity the profitable path to sustainable growth

As global energy consumption soars, and as greenhouse gas emissions grow, the world needs to find realistic ways to cut energy waste and to use our limited resources more wisely. New research indicates that practical investments in energy productivity – the amount of energy required to achieve a given level of economic output – can […]

OIL’S NOT WELL

But that could change by late summer, with prices at the pump pushing closer to the $4 a gallon level – especially if current trends in the crude market accelerate. At more than $72 a barrel, crude prices are already up more than 40 percent from their lows earlier this year, and within striking distance […]

Pride to Build New Ultra-Deepwater Drillship

Pride International will construct an advanced-capability, dual activity drillship for use in ultra-deepwater drilling locations. The new rig will be capable of drilling in water depths of up to 12,000 feet, with a total vertical drilling depth of up to 40,000 feet. The rig, to be constructed by Samsung Heavy Industries Co., Ltd. (SHI) on […]

Arab countries urge solar future

Arab energy ministers and some EU politicians attending a high-level conference in this desert oasis town flanked by the ruins of a vast Roman city, announced support for a revolutionary renewable energy electricity supply system proposed by Germany to link both areas. The Damascus Declaration adopted here on June 24 by them as well as […]

Squeezing Clean Transportation Fuels from Coal

The National Coal Council, an advisory group for the Secretary of Energy, estimates that our coal supply could support an additional 100 Gigawattts of electricity production, 2.6 million barrels per day of coal-derived fuels, four trillion cubic feet of synthetic natural gas and other products by 2025. Our secure domestic coal supply is important enough […]

Brammo Launches First Production Battery-Electric Motorcycle

Brammo Motorsports announced the Enertia, the world greencarcongress

Could jatropha be a biofuel panacea?

Energy giant BP has just announced it is investing almost bbc

Around the Markets: Biofuel demand gives lift to commodities

Sugar, corn, wheat and cotton may be among the best commodity investments in the next one to three years, driven by biofuel demand and rising incomes in China and India, according to UBS, the world’s largest money manager. iht

‘Carbon credit cards’ and ‘carbon market’ on agenda

A “zero carbon” Britain could be achieved by 2027 if a range of measures were brought in by a government with “strong political leadership”, scientists said today. Power for transport would switch almost entirely to electricity, with the result that fuel-driven cars and air travel would become too expensive for most people. Meanwhile, the food […]

Railways set for a hi-tech revolution

A 30-year plan to transform rail travel with longer trains that can run closer together using biofuels and even hydrogen power will be set out by the government this month. Ministers are to give more details of a new fleet of inter-city trains, raising the prospect of Britain getting trains similar to the high-speed Velaro […]

Rockin’ all over the world (but just watch your carbon footprint)

It was a once-in-a-lifetime event. Yes, another one. Its organisers said the biggest emergency in world history demanded the biggest performance in world history. Sceptics said it would generate more heat than light. Live Earth rocked around the globe yesterday, with 150 acts performing on all seven continents in a bid to create a ‘tipping […]

Back down to earth

As climate-change scrutiny shifts from homes and cars to aeroplanes, airline companies are fastening their seatbelts for a bumpy ride. A survey conducted in May suggested that 47 per cent of people in Britain had already cut down on short-haul flying as a result of climate change. Along with other aviation-badgering groups, such as AirportWatch, […]

Live Earth inspires thousands to go green

By early today, 150,000 people had signed up to an online pledge to cut their use of fossil fuels. “The concerts were only the springboard and we now face three years of hard work to try and find a global solution,” said a spokesman. All 150 artists who took part in the concerts in New […]

Scientist scopes ethanol potential in plants

Ames, Ia. – A laser beam bounces off a series of mirrors before diving into Emily Smith’s microscope, where it scatters as it hits the membrane walls of plant cells, producing a unique array of lightwaves. The waves appear as light and dark crescent patterns on a computer monitor next to the microscope. From them […]

The Rising and Falling Power of Hydrocarbon States

The fast rising demand for oil by China and India, sharply declining fresh discoveries, and high prices are empowering the countries with large reserves of black gold as never before. Venezuelan President Hugo Chavez provides a striking example of how petroleum has emboldened leaders of oil-rich states to thumb their noses at the giant neighbor […]

The car that ran on water

Nine years after his death, inventor’s dreams — and suspicions — linger After more than 20 years of research and tinkering, it was time to celebrate. Stanley Allen Meyer, his brother and two Belgian investors raised glasses in the Grove City Cracker Barrel on March 20, 1998. Meyer said his invention could do what physicists […]

Black gold’s tarnish seen in Canada

Cash and jobs flow bountifully from Alberta’s oil sands, but they come at a cost to the environment and native peoples. FORT MCMURRAY, CANADA This is the heart of Alberta’s oil sands, a remote Florida-sized region where moose, bears and beavers inhabit watery woodlands atop the world’s largest proven petroleum reserves outside Saudi Arabia. The […]

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