Cold fusion – The Salvage from the Energy Crisis?

In 1989 the chemistry professors Stanley Pons and Martin Fleishman reported that they had achieved cold fusion in a palladium anode emerged in a solution of sodium deuteroxide in heavy water D2O. Due to a bad exactness of their report, only few other scientists managed to replicate their findings in the first place. The findings […]

Venezuela to Extract Off-Shore Oil in 2007

Petroleos de Venezuela state oil company -PDVSA- confirmed that the first off-shore oil barrels in the country’s oil history will be extracted by the end of 2007, VEA daily published on Sunday. This production is the result of Corocoro, the first project aimed at prospection and extraction in Venezuelan territorial waters, exactly in the Paria […]

China’s CNOOC wins bid to explore for oil in Australia

China National Offshore Oil Corp (CNOOC), the parent of CNOOC Ltd, has won a bid to begin oil exploration in Australia, the Ministry of Commerce said. CNOOC will initially invest 81.3 mln aud to conduct 3-D seismic survey and drill five wells on an oil field in the Bonaparte Basin, in coastal waters off the […]

Russia’s defense banks on oil and gas exports

While some analysts dismiss such talk of rebuilding a Soviet-type force with global reach as nationalistic bluster ahead of parliamentary elections in Russia later this year and a presidential poll in 2008, Moscow’s plans for a stronger navy appear serious. They will have repercussions in Asia, not least in China where debate in high-level political […]

Kurds refuse to allow oil fields to lie fallow

For months, the Iraqi Parliament has wrangled over a package of laws that would govern the development of Iraq’s oil industry and determine a basis for dividing oil revenues among Iraq’s three largest groups: Kurds, Shiites and Sunnis. Although the Iraqi Cabinet approved draft legislation in June, Kurds and Sunnis have rejected it as giving […]

Politician And Pundits Look To $100 Oil

The prevailing wisdom is that oil prices will move down. They have already dropped from over $78 to $72, and most observers think that is only the beginning. Troubled financial markets and the potential of a slowing global economy should being demand down. Don’t tell the president of Venezuela, nut job Hugo Chavez any of […]

Consensus Emerges on Energy

In America’s highly polarized political debate, a rare consensus is emerging among presidential candidates that America needs to stop using foreign oil and move on, instead, to other energy sources. “Energy independence, I think, is the single most important thing that’s going to face us in the next four or five years aside from the […]

Alberta’s oil sands seem as strong as ever — until you dig

It seems like Alberta has been roaring for ages, but it was only in late 2002, when the influential Oil & Gas Journal began including the oil sands in its inventory of world reserves, that the international community began taking notice. Recognition of the province’s 175 billion barrels of oil catapulted Canada into second place, […]

Conventional nonsense about unconventional fuels

Among the findings released last week of a long-awaited report from the national Strategic Unconventional Fuels Task Force, is this: But for those of us who live near the epicenter of potential oil shale development, those are enormous concerns, and the report made public last week only hints at the havoc that a commercial oil […]

With coal boom, more miner risks

Utah has seen the fastest rise in coal-mining employment of any major coal-producing state. A herculean effort to rescue six coal miners trapped deep inside the Crandall Canyon Mine in central Utah is focusing national attention on a downside of the nation’s coal boom. As the industry gears up to extract record amounts of coal […]

Here’s What Peak Oil Actually Looks Like

[…] “Here in the first world, we still have the luxury of armchair theorizing about peak oil, and paying a bit more for gasoline, but the third world is actually feeling the pain of peak oil today. Rising oil prices are acting as a regressive worldwide tax, pricing poorer countries right out of the market. […]

Climate change protesters set up camp near London Heathrow

LONDON (AFP) – Environmental protesters on Sunday began setting up camp near London’s main Heathrow airport ahead of planned protests to highlight what they say is the aviation industry’s role in global warming. The event, which organisers are calling the Camp for Climate Change, is due to get under way on Tuesday and finish next […]

Iran oil minister replaced, caretaker picked

TEHRAN (Reuters) – Iranian President Mahmoud Ahmadinejad replaced his oil minister, Kazem Vaziri-Hamaneh, on Sunday, a move some analysts saw as a bid to stamp his control on an industry that is the source for most of Iran’s revenues. Iranian news agencies, which carried letters from the president announcing the step, did not give a […]

China’s auto sales, output soar 20% in first 7 months

BEIJING, Aug. 12 (Xinhua) — China’s motor vehicle sales and production both rose more than 20 percent in the first seven months of the year, according to figures from the China Association of Automobile Manufacturers (CAAM). Auto sales in the Jan.-July period surged 23.3 percent from a year ago to 5.11 million units, while output […]

China’s heavy industry continues to increase power consumption

BEIJING, Aug. 12 (Xinhua) — China’s high energy-consuming sectors such as iron and steel, nonferrous metals, chemicals and construction materials continued to lead the growth in power consumption in the first half of this year, according to a report by the China Electricity Council. Secondary industry was responsible for up to 83.83 percent of the […]

What

…The survey, conducted for the American Petroleum Institute (API) by well-known public opinion surveyors, Harris Interactive, shows that “Americans are concerned about energy issues, but they know very little about where energy comes from, what it takes to get it to market and the challenges the energy industry faces to meet growing demand,” said Jim […]

Coming soon: Fuel-friendly SUVs?

If you love driving your SUV but hate the cost and eco-stigma that come with it, automakers are trying to help you resolve your issues. In the past year, sustained gas prices of $3 a gallon have led to a decline in the market for sport-utility vehicles, trucks and other large vehicles that use a […]

The Oil Drum: How vulnerable to oil shocks are we, really?

When oil prices reached last yearMuch more after the jump to The Oil Drum.

TxDOT may soon only maintain roads

COMMERCE

Tanzania: Families Dig Deeper Into Pockets to Put Food on Their Tables

Prices of basic foodstuffs including cooking oil have shot up drastically in Arusha many of the traders pointing an accusing finger at the recent increase in petrol, diesel and other petroleum products. The rise in fuel and consumer goods prices is attributed to adjustments made in the national budget announced last month. A survey carried […]

Middle East risks fuel oil crunch period, says IEA

The International Energy Agency yesterday warned that the Middle East runs the risk of becoming a net importer of fuel oil at precisely the time worldwide output of the product could diminish. Fuel oil demand in the region, which sits on nearly three-quarters of the world The region

U.S. sends mixed message on climate

As Bush calls on developing nations to curb CO2, two federally controlled agencies are enabling them to emit more. WASHINGTON — At the Group of 8 summit of world leaders in June, President Bush repeated his calls for developing nations to curb their emissions of greenhouse gases. Without their cooperation, he said, drastic measures in […]

51 Zimbabwe bus drivers arrested as transport crisis bites

Harare – Fifty-one bus drivers were arrested for overcharging this weekend in the Zimbabwean capital Harare as riot police were brought in to control crowds of desperate travellers, official media reported Sunday. Thousands of would-be travellers were stranded at Harare’s main railway station, unable to catch trains for the holiday weekend, according to the Sunday […]

At World Bank, climate change isn’t part of the equation

WASHINGTON — At the World Bank — heavily influenced by its largest shareholder, the United States — the effect of projects on climate change is not even calculated. Bank environment officials pressed to account for emissions in the mid- to late-’90s and again in an unpublished paper in 2002, and only now, five years later, […]

Iran official raises prospect of free market gasoline

A senior Iranian Oil Ministry official hinted the country may start selling gasoline at a higher price in addition to the subsidized amount allocated to drivers under a rationing scheme launched in June. Deputy Oil Minister Mohammad Reza Nematzadeh was quoted by the IRNA news agency as saying a price for so-called free gasoline had […]

Making Money vs Creating Wealth – Migrating to New Energy Paradigms Part 5

Making money is not the same as creating wealth. The objective of this article is to facilitate an understanding of this deceptively simple statement which, in turn, will facilitate an understanding of the dimensions of the problems now being faced by humanity. Hopefully, this will lead to a realization that these problems …By contrast to […]

Chavez deepens Petrocaribe oil pledges

CARACAS, Venezuela – Venezuelan President Hugo Chavez pledged on Saturday to meet Caribbean nations’ oil needs for years to come, and urged the region to unite and seek greater independence from the United States. Chavez deepened past pledges to share his country’s oil wealth as he addressed a summit of nations taking part in Venezuela’s […]

Food banks see more need as donations fall

…The CCO pantry normally hands out staples to 60 to 70 families a week. On just one recent Monday, 35 people came in looking for food. Dianna Kessel, family support specialist at the Safety Harbor center, and Judy Mitchell, president of Church and Community Outreach, say it is a sign of the times in Florida. […]

UAE may carve up, offer oil and gas territory: sources

DUBAI (Reuters) – Prized territory, shared for decades between multinationals and major oil and gas producer the United Arab Emirates (UAE), might be broken up in the medium term, industry sources said on Friday. The change could follow an open contest that would bring in better technology and a greater variety of players, including Asian […]

24 hours to save the planet

Can Jack Bauer save the world? News that television’s secret agent, played by Kiefer Sutherland in the addictive thriller 24, is to take the war against global warming into millions of homes has been welcomed by environmental campaigners as a seminal moment in the ‘greening’ of Hollywood. It is 24 that has the most mainstream […]

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