Aust reliant on Middle East oil: experts

“Only about 13 per cent of the crude oil that we import comes from the Middle East, but we import increasing amounts of refined petrol and diesel from Singapore and Singapore gets most of its feed stock from the Middle East,” Graeme Bethune, chief executive officer of energy advisory firm EnergyQuest, said. “So if you […]

Malaysian rainforests not cleared for palm oil in a decade: minister

A minister on Thursday defended Malaysia’s plantation industry and said tropical rainforests have not been cleared to plant palm oil in the last 10 years. Plantations Minister Peter Chin was refuting allegations that palm oil production destroys rainforests and wildlife habitats or that it increases greenhouse gas emissions and leads to a loss in biodiversity.Sabri […]

Iran’s Oil Industry: A House of Cards?

At first glance, Iran looks like an energy superpower. It is the second largest oil producer in the Organization of Petroleum Exporting Countries (OPEC). It owns 11 percent of the world’s conventional oil reserves, second only to Saudi Arabia. It also sits on 16 percent of the world’s gas reserves, the largest reserve after Russia. […]

Peru: Oil Industry Told To Keep Off Land

Oil companies from all over the world have been warned by Peru’s national indigenous peoples’ organization not to explore for oil in areas where uncontacted tribes live. The tribes face extinction from an oil boom in Peru that has seen 70% of the Peruvian Amazon opened up to exploration. The Interethnic Association for the Development […]

Sustainable biofuel production is key in fight against climate change

Leaders agreed at the International Conference on Biofuels here that sustainable biofuel production is key in the fight against climate change, while stressing the need for greater cooperation between the EU and developing countries. sharewatch

Renewable energy 10 times cheaper

Investing in a renewable electricity future will save 10 times the fuel costs of a scoop

North Sea is running too dry to meet target

The energy industry warned yesterday that government targets of keeping Britain’s oil and gas production at 3m barrels a day by 2010 look like being missed. North Sea competitiveness is falling and financial backers are losing confidence in the wake of tax increases introduced 18 months ago. Civil servants have been working with oil companies […]

Inflation fears smother China’s ethanol drive

BEIJING/HONG KONG (Reuters) – Beijing is putting the brakes to China’s ethanol production drive after increases in corn prices worldwide rekindled worries over inflation and food security. A shortage of raw materials — because of dwindling arable land, difficulties in importing and a rush enmasse by state firms into the once Beijing-sanctioned arena — is […]

Pakistan: A dark future

PAKISTAN’S chronic power shortage is now assuming critical proportions. And what is worse than the unending electricity breakdowns is the lack of any planning to correct the situation. Not all that long ago, there were many discussions about selling surplus electricity to India. Already, that moment seems an eternity away. With relentless population growth and […]

Kathmandu

About two weeks ago, I was in line at around 6:30 in the morning to fill up my small Korean car The problem heightened last week when IOC decided to supply NOC with only 1,200 kiloliters of fuel as opposed to the normal supply of 2,000. The shortage has also forced many private pumps to […]

Oil shortage pumps up price

FUEL prices appear set to jump by month’s end after the International Energy Agency warned many refineries around the world seemed unable to process sufficient quantities of crude oil. The Paris-based organisation, which acts as an energy adviser to 26 developed countries, made the comment after crude oil prices reached a 10-month high in New […]

”Accumulating risks” to world energy supply: US NPC

The world is not running out of crude oil and natural gas but there are “accumulating risks” to securing global supplies through 2030, a high-level board of U.S. oil company executives found in a report obtained by Reuters on Thursday. Those risks include “political hurdles, infrastructure requirements and availability of trained work force,” according to […]

Global warming in Asia: Six degrees and China

Recently we were told a slightly scary story by a friend who had met with the head of China for one of the big global consultants (who have to remain nameless we The room sat aghast, and nobody said anything as they needed their jobs and our friend was pitching a bit of business. So […]

Some Coffeyville workers back at flooded refinery

NEW YORK, July 5 (Reuters) – Office staff returned to work at the Coffeyville Resources refinery in Coffeyville, Kansas, which was shut by severe flooding earlier this week, the company said in a press release. Part of the 108,000 barrel-per-day refinery remained under water. Workers will wait until the floodwaters subside before making damage assessments […]

Australia PM: Oil not reason for staying in Iraq

Statement contradicts earlier comments by country’s defense minister CANBERRA, Australia – Prime Minister John Howard insisted oil had nothing to do with Australia Howard denied any connection between Iraq

New report calls for

The rush for

Argentina: Power Play

Buenos Aires – Winter, just started in Argentina, is colder and darker than usual this year. The former because of unseasonably chilly weather that has Buenos Aireans bundled up and muttering “Muy frio” at every turn; the latter because of an energy crisis. Power and natural gas shortages have meant rolling blackouts and rationing to […]

Motorists sue oil titans, retailers over ‘hot fuel’ losses

Think gas is expensive? It’s even more expensive on hot summer days. Gasoline expands as temperatures rise. That means motorists get less energy from a gallon of so-called “hot fuel” than from a cold one. When Brent Donaldson, a restaurant owner in Kansas City, Mo., discovered that fact earlier this year, he joined hundreds of […]

The heat is on Orbo

Steorn a no-go Last night at 11pm, a device by Irish technology company Steorn that claims to create energy out of thin air, failed to make its first public appearance, as promised, live on the internet. As members of the public milled around outside the Kinetica museum, and many others logged on to the webcam […]

Group concerned with oil depletion forming in Washington County

With gas, oil, and energy issues on the minds of many Oregonians, a new citizens group is forming in Washington County to address the issue for the general public. The group, Washington County Peak Oil, will launch with a screening of the internationally acclaimed film, TigardTimes

Brazilian President Promotes Biofuels

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. “Consider that everyone has the technology and the knowledge to dig a little hole of 30 centimeters to plant an oil plant that could produce energy, the […]

Azerbaijan Ramping Up Production

Preliminary predictions say that about 5.71 billion cubic meters of natural gas will be extracted from the Shah-Deniz field in 2007, with the figure climbing to 8.5 billion cubic meters next year, and 9.8 billion cubic meters in 2010.Oil production is expected to rise as well, reports the news agency Regnum. There are currently 35 […]

Gazprom eyes Southeastern Europe

Russia has clinched a deal to construct the South Stream pipeline to supply more gas to Southeastern Europe in a project that the West views as another attempt by the Kremlin to boost its energy clout in the region. Russia has responded with promises to increase gas exports to energy-dependent Europe, despite warnings of possible […]

Governor’s order allows truckers to cross the border for fuel (North Dakota)

Commercial truck drivers hauling fuel are allowed to cross the border into neighboring states in search of gasoline, under an emergency order issued by Gov. John Hoeven. Hoeven’s order last week extended the service hours for those drivers to help deal with fuel shortages at pipeline terminals in the region. The governor has now expanded […]

Energy guru: $4 per gallon gas still likely

An exclusive interview with one of America’s leading energy gurus, Phil Flynn, in Chicago last week disclosed the hard facts U.S. oil producers and consumers will be facing this year. Flynn is vice president of marketing for Alaron, a major energy trading firm. He has become the “go-to man” on many major networks, including CNBC, […]

Localized way of life cuts demand for oil

Peak oil is here and the U.S. is unprepared. This is my opinion and the opinion of Eugene Linden in his article “From Peak Oil to Dark Age” in a recent edition of Business Week. Recently, the online “Drudge Report” posted an excerpt from a story critical of British Petroleum’s optimistic Statistical Review of World […]

Is Oil’s Next Stop US$85?

Back on February 25th I made this post: Get Ready for $70 Per Barrel Oil Again. Okay, so every so often I get something right. The real lesson in this is that worldwide supply versus demand is the key issue. We do not live in an energy vacuum. These two pictures tell why crude oil […]

Oil sands no quick fix as Big Oil leaves Venezuela

For Exxon Mobil Corp. (XOM.N: Quote, Profile, Research) and ConocoPhillips (COP.N: Quote, Profile, Research) it may appear simple: shift efforts, people and resources to Canada’s oil sands now that the oil majors have retreated from Venezuela. In reality, it’s no simple matter. The oil sands have their own set of risks: surging costs due to […]

Aramco project ‘on schedule’

The world’s top oil exporter Saudi Arabia is on track to complete in December the project that will give the largest boost to global output capacity this year, the state oil company Saudi Aramco said yesterday. The Khursaniyah project to bring online around 500,000 barrels per day of light crude is more than double the […]

U.N. official says biofuels raise food supply risk

The head of the U.N. Environment Program said on Wednesday Cuban leader Fidel Castro and others are justified in raising concern about the potential for ethanol production to threaten food supplies for the poor. Reuters

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