Worry about bread, not oil

The real question is whether we could now be approaching a new era of misery. Even at an arithmetic rate, the United Nations expects the world’s population to pass the 9 billion mark by 2050. But can world food production keep pace? Plant physiologist Lloyd T Evans has estimated that “we must reach an average […]

Consumer Federation’s Mark Cooper discusses struggles between Big Oil, ethanol

As the price at the pump continues to rise, how will the introduction of more ethanol into the fuels market affect consumers’ wallets? During today’s OnPoint, Mark Cooper, director of research at the Consumer Federation of America, discusses his new report, “Big Oil v. Ethanol: The Consumer Stake in Expanding the Production of Liquid Fuels.” […]

Auction sells only oil-generated electricity

While the world debates ways to fight global warming, Brazil, with huge hydroelectric potential and a candidate to lead world biofuels production (ethanol, biodiesel and biomass), strongly resumes investments in thermoelectric generation based on fuel oil, much more polluting than the so-called renewable energy sources. At least this was the scenario indicated by the fourth […]

Venezuelan oil exports to US rebound

Confirming their trend in April, Venezuelan crude oil exports to the United States in May climbed 50,000 bpd to an average of 1.23 million bpd, which is 63,000 bpd above May 2006. In this way, Venezuela remained as the fourth largest oil supplier to the US, after Canada, Saudi Arabia, and Mexico, which overall provided […]

Liberia: U.S. $50 Million Investment for Sinoe County

An American investor, Leonard Kragness has unveiled an investment package of more than US$50 million for mining and oil exploration in Sinoe County, southeastern Liberia. Mr. Kragness, who is a resident of Alaska, said he has already established a company in the country known as Sinoe Mining and Exploration Incorporated.He made the disclosure in an […]

Dirtiest power sites include 4 in Indiana

Plant list based on EPA, agency data Four Indiana coal-burning sites landed on an environmental group’s latest list of the nation’s dirtiest power plants. The Environmental Integrity Group put Indiana, Texas and Pennsylvania atop a list of the 12 states with the heaviest concentrations of the dirtiest power plants. Texas had five, and Pennsylvania had […]

Pendulum swinging against coal

Many plans for new coal-fired power plants are being shelved “as states conclude that conventional coal plants are too dirty to build and the cost of cleaner plants is too high,” The Wall Street Journal reported in a Page One story. “As recently as May, U.S. power companies had announced intentions to build as many […]

Privatizing KPC sectors postponed until law approved

The privatization plan for some of Kuwait Petroleum Corporation sectors has been postponed until the National Assembly approves the Privatization Law, said Deputy Chairman and CEO Saad Al-Shuwayib on Saturday. “We are following the directives of the Higher Petroleum Council which requested that the plan not be implemented until the parliament approves the Privatization Law,” […]

David Strahan on the mainstreaming of peak oil

Former BBC journalist David Strahan talks to GPM’s Julian Darley about the sudden attention to peak oil from the media, the NPC, the IEA, Goldman Sachs and CIBC. Strahan also recounts his experience with the UK’s new All Party Parliamentary Group on Peak Oil and Gas (APPGOPO). David Strahan is an award-winning investigative journalist and […]

Financial Sense Newshour

The July 28, 2007 edition of Financial Sense Newshour features an interview with Steve Andrews, Cofounder of Association for the Study of Peak Oil & Gas (ASPO-USA). It’s in the third hour. MP3, RealMedia, and Windows Media formats available. Financial Sense

Reid vows to shut off coal-fired plant plan

Senate Majority Leader Harry Reid has announced he will “do everything I can” to stop three proposed coal-fired power plants near Ely and Mesquite, welcome news to conservation groups wary of the pollution the plants would send downwind to Utah. The three plants – one a public utility, the others private businesses – would generate […]

Wyoming leaders ponder energy boom

Mark Northam, the new director of the University of Wyoming’s School of Energy Resources, stepped off the plane from Saudi Arabia just a week ago. But on Friday, he was already getting a crash course in energy issues in Wyoming at a roundtable discussion that included leaders from environmental groups, oil companies, business and tribal […]

Biofuels will create more problems

The debate over the viability of biofuels as alternative energy sources continues. The news that the Indian Oil Corporation is planning to produce biodiesel appears at first to be a good way to move towards energy security. However, the more popular biofuels become, the more apparent it is that they are not, in fact, the […]

Summer sun can provide winter heat

RELYING on solar heating might sound like a bad idea if you live in a country that sees little daylight for much of the winter. Yet that’s exactly what 50 households in Anneburg, Sweden, have been doing for the past two years. During the summer, water is pumped through rooftop solar heaters to warm it, […]

Colony Collapse Disorder Research Action Plan Announced

U.S. Department of Agriculture Under Secretary for Research, Education and Economics Gale Buchanan recently announced that USDA researchers have finalized an action plan for dealing with colony collapse disorder (CCD) of honey bees. “There were enough honey bees to provide pollination for U.S. agriculture this year, but beekeepers could face a serious problem next year […]

The most dangerous metaphor

When will Moore’s Law no longer hold? For 40 years, semiconductor manufacturers have successfully lived up to the challenge of doubling the number of transistors they can squeeze onto a chip of silicon every 18 to 24 months. This magic trick has bequeathed the world computing devices that are constantly pulling off the astonishing feat […]

China oil thieves sentenced to death

BEIJING – Two men were sentenced to death for masterminding a plan to steal oil from an underwater pipeline, a botched plot that caused tens of millions of dollars in damages, China’s state news agency reported Saturday. Wang Yujiang and Liu Linbin were sentenced to death Friday by the Intermediate People’s Court in Dongying, a […]

Brazil oil boomtown draws splendor, misery

Jose Costa moved to Brazil’s oil boomtown of Macae two years ago hoping to find a job on a sparkling offshore rig but settled instead for work as a landlocked janitor and a shack as a home. Just a stone’s throw away from new plush beach hotels and expensive glass-and-concrete apartment blocks — the signs […]

Europeans reluctant to give up cars despite environmental concerns

Although three quarters of European citizens are aware that driving has a negative impact on the environment and on traffic levels in their cities, cars remain the preferred mode of transport for 51% of the EU population, with just 21% using public transport primarily, according to a Eurobarometer survey published on 26 July. And, even […]

Tiny Tuvalu Fights for Its Literal Survival

The second smallest nation on Earth hopes to turn itself into an example of sustainable development that others can emulate. But the South Pacific island nation of Tuvalu and its 10,500 people may only have 50 years or less to set that example before it is swept away by rising sea levels due to climate […]

Bolivia Says To Look For Amazon Oil With Venezuela

The state oil firms of Venezuela and Bolivia hope to start exploration in an Amazon national park next year as part of joint projects involving an investment of more than $1 billion, Bolivia’s government said on Wednesday.Bolivian Energy Minister Carlos Villegas said Petroandina would start exploring for oil next year in Bolivia’s Madidi, a vast […]

Chavez says plans for South American gas pipeline on hold

Plans for a vast natural-gas pipeline stretching from Venezuela to Argentina are frozen due to lack of political will among South America’s leaders, President Hugo Chavez said Friday. “The project is cold, there weren’t any more meetings,” Chavez said during a televised speech.Chavez, who championed the pipeline proposal as a means of satisfying the continent’s […]

Poison plant could help to cure the planet

The jatropha bush seems an unlikely prize in the hunt for alternative energy, being an ugly, fast-growing and poisonous weed. Hitherto, its use to humanity has principally been as a remedy for constipation. Very soon, however, it may be powering your car. Almost overnight, the unloved Jatropha curcushas become an agricultural and economic celebrity, with […]

Sun As an Energy Resource

Energy deficiency makes education, health and livelihood extremely difficult for developing countries. Therefore, solar energy can be used to empower three billion people in the rural areas and urban informal settlements in the globe.Although sunlight is free and anti-global warming, solar energy cannot totally replace fossil fuels at least for another 100 years. Even Green […]

Canada to face oil pipeline shortage: regulator

Canada’s crude-oil pipelines may have to ration space as early as this autumn because of a surge of new oil production from the Alberta oil sands, the country’s energy regulator said on Friday. The National Energy Board said the pipeline industry may face a capacity crunch as oil output this year rises to 2.9 million […]

Brazil oil output gushes, exports hinge on economy

Brazil’s growing oil output and prospecting are turning it into a key source of new crude in the Western Hemisphere, but whether this will bring a tangible increase in exports remains to be seen. Analysts say any serious increase in petroleum exports would depend on economic growth in Latin America’s largest country, now picking up […]

When oil prices double, renewables will be a money-spinner.

Oil is the lifeblood of industrialised economies but many people overlook its effect on the price of almost everything else apart from during times of tension in the Middle East – or when we switch on the winter heating. But Citywire AA-rated Tim Guinness reckons there are good reasons for starting to look at it […]

Norway: Drilling of Snoehvit well completed

Statoil has concluded the drilling of an appraisal well in the Snohvit field in the Barents Sea. The well was drilled to map the recoverable oil reserves in the field. The appraisal well 7120/6-2 in production licence 097 was drilled to a depth of 3,120 metres below the seabed and finished in late Triassic rocks. […]

NZ: Black gold or a fool’s errand?

If you’re of the barrel-half-full persuasion, there is good news for New Zealand in this: the more international supply tightens, and the price rises, the more likely it is that major exploration companies will be tempted to look here. Finds previously considered uneconomic will become worth exploiting. But despite worsening international forecasts, and our Government […]

German Inflation Unexpectedly Accelerates on Holidays

The rate of inflation in Germany, Europe’s largest economy, unexpectedly increased in July due to higher energy and holiday costs and exceeded the European Central Bank’s inflation limit for a fifth month.“We haven’t seen the peak in annual inflation rates yet, there’s more to come” said Joerg Lueschow, an economist at WestLB in Dusseldorf. “Due […]

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