Strange season to top off the tank

…Crude oil is now trading for $72 per barrel. But by the Citigroup analyst Tim Evans’ account, it should be $62. “There’s no shortage of crude oil. And yet the market seems to be pricing in an imminent shortage,” Evans said. “In my view the markets are relatively overvalued here, and the prices cannot be […]

Abundant oil

…More bad news for But is that condition likely to endure, given the demands of world economic growth?

When Building Green Ain’t so Green

Look at the web site for the next green builder you see on TV or in the daily paper. Does the site show plans for a home with trees and no parking garage? Or, is it another house plan that tells you how many cars the garage will hold and says nothing about trees? Many […]

UN climate change chief warns of impact on poverty, hunger

GENEVA (AFP) – The UN’s top climate change scientist on Thursday urged the world body to take greater account of the impact of global warming on hunger and poverty. Rajendra Pachauri, the chairman of the Intergovernmental Panel on Climate Change, said the world’s poor would be the first to suffer from predicted increases in global […]

Nicaragua: Energy Crisis Rears its Ugly Head

MANAGUA Some offices in Managua, faced with morning blackouts that make production impossible, changed their nine-to-five work schedules to 2-8 p.m. In cities such as Granada, meanwhile, the blackouts have been scheduled from midnight until 6 a.m., making for fitful and sweaty sleeping conditions in a hot tropical climate without a fan or air-conditioning. Nica […]

Times demand Democrats take another look at nuclear energy

Democratic control of the U.S. Congress will have an impact on the nation’s energy policy. The new leadership’s proclivity toward alternative energy sources such as ethanol, biodiesel and wind is evident. What about nuclear power? A look at the last 30 years would suggest a skeptical attitude toward nuclear energy among Democrats. Yet today the […]

”Running on fumes”

Shutdowns at refineries that supply much of Colorado’s gas have the state paying above national average at the pump …The Coffeyville refinery going down is a major blow to supply as things were just returning to normal,” said petroleum analyst Bryant Gimlin of Fort Lupton-based Gray Oil Co. “The refinery is likely down for the […]

A craving to stay cool challenges power grid anew

Each time the temperatures rise, so do Californians’ fears. With the state’s first heat wave of the year, California’s power grid operators warned residents to conserve energy or face rolling blackouts as the state did in 2000 and 2001. “There’s a number of factors that have already happened or could happen that could cause us […]

Protesters, Police Clash Near Oil Fields in Ecuador

Scores of police and protesters have been injured in clashes around the facilities of a Chinese oil company in the eastern Ecuadorian province of Orellana, authorities and human rights activists said Wednesday. The confrontations began late last week, when residents in the Amazonian province launched protests over PetroOriental’s alleged failure to deliver benefits promised to […]

Al Gore’s inconvenient tax

The current crop of US presidential candidates can only wish for the spotlight that will shine on Al Gore Saturday. He’s the luminary for a globe-spanning, rock-star-studded, anti-global-warming concert called Live Earth. Most likely, though, his most radical idea won’t get a mention. The former vice president (and almost president) wants to replace the current […]

Steorn Orbo demo delayed until further notice

Irish Steorn has delayed the demo of their free energy technology Orbo until further notice. Initially the company wanted to demonstrate Orbo already on July 4th in the Kinetica museum in London. They had to postpone the demo to Thursday as reported yesterday. Today Steorn says on their site that the demo is delayed to […]

UK oil, gas output to rise modestly in 2007 despite spending cut

Britain’s oil and gas output is expected to rise modestly by 3 pct in 2007 despite a cut in spending on field exploration and development, according to a report published by the Oil & Gas UK. Production is to reach 3.0 mln barrels of oil equivalent per day in 2007, up from 2.9 mln boepd […]

Battle for final frontier

Canada is marching north to assert sovereignty in the Arctic, to repel Danes and claim Hans Island, a rock the size of a football field between Ellesmere Island and Greenland. It is not quite war but it is enough for CanadaLondonTimes

Food vs fuel wars just beginning

The Western industrial nations went about developing their economy at a fast pace. The basis for this development was cheap oil. From 1945 all the way to the present day, cheap oil seemed to be a bonanza with no end in sight. As a consequence of cheap oil, the society that developed was based on […]

China, Russia sign supply deal

CHINA’S state-owned Sinopec Group has signed an agreement with Russian oil firm Rosneft to transport additional crude supplies via Mongolia. The deal was concluded yesterday after months of delay, said state media organisations yesterday. In the agreement, Rosneft will begin exporting 2.5 million tonnes of oil each year starting from August, according to a report […]

Oil hits 11-month high of $75

Oil prices rose on Friday to $75 a barrel for the first time since August on renewed unrest in NigeriaFT

Saudi Aramco To Sell Crude to the US At Lower Price

Saudi Aramco, the world’s largest state oil company, cut prices of its crude oil to be exported to the U.S. in August. It raised prices for Europe. Aramco cut prices of all grades it sells to the U.S. by between 35 cents and 50 cents a barrel, the Dhahran, Saudi Arabia-based company said in an […]

Gazprom given right to bear arms

Russia’s parliament handed gas giant OAO Gazprom the right to form its own armed units yesterday with a law one legislator said opened a “Pandora’s box” that could lead to the creation of a private army. A law backed by 341 lawmakers in the 450-seat State Duma gave Gazprom and oil pipeline monopoly Transneft exemption […]

Natural Gas Vehicles: Cleaner, cheaper and available

With the price of fuel growing each week, the search for America’s next energy alternative grows even stronger. WR Hambrecht looked at Clean Energy Fuels (NASDAQ: CLNE), a California-based supplier of liquid & natural gas for vehicles, and they think they found a hidden gem. Clean Energy provides solutions for fleets to run on natural […]

With higher gas prices, consumers shift toward smaller engines

Frazell ended up buying the car, joining an increasing number of U.S. car shoppers who are picking thriftier small engines in the face of gas prices that continue to hover around $3 per gallon. The percentage of four-cylinder engines in U.S. vehicles has been rising slightly since 2002, but it still was only 25.4 percent […]

Digital automation key to US$2.6 billion oil sands upgrade

In an effort to both reduce the high costs of construction and processing, while at the same time boosting plant reliability and productivity, project planners behind the world engineerlive

There’s oil in them thar drills

It may look very different to the dusty oil-bearing desserts of the Middle East but make no mistake, a field of oilseed rape near Cookstown is producing a crop of vehicle fuel oil. Overseeing this government-funded trial at Loughry campus is crop technologist Stephen Bell from the College of Food, Agriculture and Rural Enterprise. bbc

New battery packs powerful punch

A new type of a room-size battery, however, may be poised to store energy for the nation’s vast electric grid almost as easily as a reservoir stockpiles water, transforming the way power is delivered to homes and businesses. Compared with other utility-scale batteries plagued by limited life spans or unwieldy bulk, the sodium-sulfur battery is […]

Global warming threatens alternative-oil projects

Oil-sand, oil-shale, and coal-to-oil projects csmonitor

Beijing to ban a million cars in clean air test

Beijing is planning to ban a million cars from the city’s streets for two weeks next month as a test-run to ensure clean air at next year’s Olympics, officials said here Wednesday. “The plan has been drawn up and is ready to go,” said Fan Yinlong, a city government spokesman, referring to a range of […]

India races for the world’s cheapest car

The telecom revolution in India has made cheap mobile telephones accessible to even the country’s poorest, and now India’s underclass is likely to be able to go from two wheels to four when the cheapest entry-level autos hit the roads in the near future. The race for the world’s cheapest four-wheel vehicle was recently ignited […]

Gazprom will invest $420b in gas industry by 2030 to meet demand

Russian gas monopoly Gazprom will invest $420 billion in the gas sector by 2030 to ensure enough supplies to the domestic market and exports, its chairman said in remarks published yesterday. “It is an average of $18 billion per year. We have the money and it will be invested,” Dmitry Medvedev told the Vedomosti daily […]

Frozen gas supply dreams to meet cold, harsh reality

Take a world hungry for new energy, suggest a huge untapped trough of frozen gas on the doorstep of the biggest consumers, and it’s easy to fathom why some governments are salivating over methane hydrate. But even proponents say the cost, technology and environmental hurdles in developing the resources — mostly subsea deposits that promise […]

Biofuels Could Help Poorer Nations

Biofuels will help reduce the global gap between rich and poor nations by making many developing countries energy exporters, Brazilian President Luiz Inacio Lula da Silva said Thursday. Europe and the United States are planning to use more of the less-polluting fuel made from energy crops such as sugarcane or oilseed in an effort to […]

Is The End Of The Uranium Rush In Sight?

While continuing to view the uranium market as seekingalpha

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