Russia tightens control over Sakhalin-1 output

On August 2, during a meeting of a special government commission, the Russian government formally notified Sakhalin-1 consortium stakeholders that they should prioritize the domestic delivery of all natural gas to the Russian Far East, according to a statement from the Russian Industry and Energy Ministry. Thus the meeting, which also discussed the project[…] The […]

Oil search plans fuel tensions on Cyprus

Tensions on the ethnically partitioned island of Cyprus could come to a head next week with Nicosia’s plans to proceed with oil and gas exploration in the eastern Mediterranean. The internationally-recognized Greek Cypriot government plans to accept applications from interested parties for oil exploration permits for a 70,000-square-kilometre sea area south and south-west of the […]

More German Consumers Switching to Green Power

Climate change is a matter of great concern for many people around the world, and Germans are no exception. They are increasingly trying to cut down on their carbon footprints by switching to green power.The four big energy companies RWE, Vattenfall, EN-BW and E-On are the biggest losers in this development. Customers are neither happy […]

Japan on pace to miss ‘10 emissions target by 34 million tons’

Japan, if it continues at its present pace, needs to reduce its greenhouse gas emissions by an additional 20 million to 34 million tons to attain the 2010 goal under the Kyoto Protocol to curb global warming, according to an interim report released Friday by government ministries. This level of excess in greenhouse gases in […]

Chavez tour ends in energy deals

The presidents of Bolivia, Venezuela and Argentina have signed joint energy deals worth more than $1bn in Bolivia. The accords come at the end of a regional tour by Venezuelan leader Hugo Chavez. He signed bilateral energy deals in the four countries he visited.During his trip, Mr Chavez has repeatedly attacked the US for trying […]

Battle for Arctic oil hinges on UN panel

The international battle for Arctic territory may look like a Wild West brawl but the real fight for supremacy is more likely to revolve around legal arguments and seismic data than showdowns between ice-breakers or submarines. As Canada unveils plans for a military base and Russia drops a titanium flag on the seabed, lawyers say […]

Peak Oil Hits the Third World

High Oil Prices Bring Energy Shortages Crude oil reached a new all-time high of $78.77, then promptly fell 8%, taking most of the energy complex down with it. Does this mean peak oil fears are overblown? Does it mean we’re headed back to $60 oil? Not likely. What we saw in the last week has […]

Arctic sea ice ‘lowest in recorded history’: scientist

WASHINGTON (AFP) – Sea ice in the northern hemisphere has plunged to the lowest levels ever measured, a US Arctic specialist said Friday, adding that it was likely part of the long-term trend of polar ice melt driven by global warming. University of Illinois Champaign-Urbana Arctic climate expert William Chapman told AFP that Arctic sea […]

Technology isn’t going to rescue us from oil

The new U.S. Energy Information Administration 2007 Annual Energy Outlook projects a continuing increase in U.S. daily oil consumption. It is expected to rise to 26.8 million barrels a day in 2030, from 20.7 million in 2005. Oil imports are projected to rise from 13 million barrels per day to 17 million. The EIA also […]

Carolyn Baker: The Joyride that was the American Empire

A review of “Financial Armageddon: Protecting Your Future From Four Impending Catastrophes,” By Michael J. Panzner …Michael Panzner is definitely not from the left end of the political spectrum, which makes the contents of Financial Armageddon all the more fascinating and momentous. I came away from the book with both remarkable reinforcement of my position […]

Energize America – two years on

It’s been almost two years since the Energize America experiment got underway and today, just coming back from the YearlyKos panel that described the new perspectives ahead of us, I wanted to retrace the history of this unprecedented attempt at netroots-run policy-making. Bill McKibben, who participated to another YearlyKos panel on global warming, was kind […]

The Oil Drum: Losing our Balance? Some Predictions…

Interesting times, indeed. Oil (NYMEX WTI front month future) closed at record intraday trading high of $78.77 per barrel on August 1st, but has since fallen back to near $70. The markets are clearly shaken, and suddenly people are realizing that the recent explosion of derivatives has created as much hidden rigidity as resiliency in […]

Energy futures rebound on news of storm

NEW YORK – Energy futures rebounded from earlier lows on Friday as traders bought on news that a tropical storm is forming in the Atlantic Ocean and a report of a refinery problem. “A disturbance just left the coast of Africa, and it looks like it has a little bit of teeth,” said James Cordier, […]

Iraq to bring back targeted pipeline

ANKARA, Turkey, Aug. 9 (UPI) — Iraq The pipeline is a major asset for Iraq

Richard Heinberg’s Museletter- The View From Oil’s Peak

During the past decade a growing chorus of energy analysts has warned of the approach of The US also serves as a laboratory for evaluating the prospects for delaying the global peak. After 1970, exploration efforts succeeded in identifying two enormous new American oil provinces

New historic sea ice minimum

Today, the Northern Hemisphere sea ice area broke the record for the lowest recorded ice area in recorded history. The new record came a full month before the historic summer minimum typically occurs. There is still a month or more of melt likely this year. It is therefore almost certain that the previous 2005 record […]

Africa keeps going despite high oil prices

Kampala: Record high global oil prices have so far had a muted effect on sub-Saharan Africa, with exporters reaping rewards and importers less badly hit than many had feared. A combination of demand, refinery bottlenecks and political fears drove crude oil to a record high last week. But economic worries, the debt market squeeze and […]

Oil companies plan for Iraq as US report looms

Dubai: As the deadline nears for the US military commander in Iraq to report on the country’s political progress, international oil companies are forging alliances to develop its prized fields. US General David Petraeus has until mid-September to submit his report to Washington and oil multinationals believe there could be progress on Iraq’s oil law […]

OPEC to add 11 mbpd capacity

Iraq to be top investor in capacity expansion; Saudi Arabia second OPEC is expected to add nearly 11 million barrels per day to its production capacity by 2020 and Iraq could be the top investor in these projects that will cost nearly $84 billion, according to an independent study. Between 2007 and 2010, capacity additions […]

Latin America gets 36 percent of Venezuelan oil shipment

While Venezuelan exports of crude oil and byproducts to the United States showed a downward trend from 2002 to 2006, that is, from 1.24 million to 993,200 bpd, shipments to neighboring Latin American countries increased to 36.7 percent out of total exports last year. Such exports averaged 832,400 bpd, a hike of 151,000 bpd over […]

Peak Oil Passnotes: Is ‘Peak Oil’ Postponed?

Has Of course last year, you may recall, this column called the Christmas Eve crude price on the nose, $61 per barrel, some four months early. We like to hold that prediction high as a banner of respect, mainly as all our other predictions have been wrong. What makes undertaking predictions even more spicy at […]

Brazil, Venezuela vie for energy clout

Brazil’s president Lula da silva toured Mexico and four Central American countries this week as Venezuela’s President Chavez visited four South American nations. Mexico City – Brazilian President Luiz Inacio Lula da Silva goes north; Venezuelan President Hugo Chavez heads south. Both have energy at the top of their agendas. President Lula da Silva, on […]

Canada steps up fight for the Arctic

Another volley has been launched in the battle for the Arctic, with Canada announcing Friday that two new military facilities will be built in the Arctic in a bid to boost its sovereign claim to the fabled Northwest Passage. The frigid hamlet of Resolute Bay, Nunavut The two projects will cement Canada’s claim to each […]

China’s oil imports set new record

China’s oil imports to fuel its booming economy jumped to a new monthly high in July, rising 39 percent over the same month a year ago, according to data released Friday. China imported 103.8 million barrels of oil in July, or an average of about 3.4 million barrels a day, according to the General Administration […]

Iraqi Oil Minister Lays Out the Rules

Iraq’s oil minister said Thursday that its national oil company would develop the country’s largest producing fields, including West Qurna, indicating that LUKoil would face a battle in carving out a spot for itself in Iraq’s oil future. Hussain al-Shahristani did say, however, that LUKoil had a competitive edge over many other companies wishing to […]

A flurry of good intentions

Congress tries to green America’s power supply WHEN in doubt about energy policy, build more windmills. That, in short, was the thrust of the energy bill approved by the House of Representatives on August 4th. The legislators disagreed about a proposal to reduce the fuel-thirst of American cars. Surprisingly, they also passed up the opportunity […]

If Climate Change and Global Ecology Are Really So Bad, Where Is the Urgency?

Hate to say it, but I told you so. Global ecological collapse is upon us and the human family is entering a Hobbesian struggle for survival of the Earth and all her species including humans. Even mainstream leaders tell us we have a decade to act before utter ecological ruin and despair is assured. If […]

Saudi Arabia to keep supply curbs steady

London/Tokyo: Saudi Arabia, the world’s top oil exporter, will keep its crude oil supply curbs steady to customers in Japan and Europe in September from August, industry sources said yesterday. The steady volume indicates the largest producer in the Organisation of Petroleum Exporting Countries (Opec) is keeping a lid on output and raises expectations that […]

Climate change challenging gardeners to plant smarter

NEW MARKET, Virginia (AP) — Don’t look now, but the early signs of climate change have already landed with a thud in our backyards. Gardeners across the country have to adapt, the sooner the better, said Todd Forrest, vice president for horticulture and living collections with the New York Botanical Garden. “That means planting smarter […]

Play peak oil before you live it

Collaborative intelligence wiz Jane McGonigal designs alternate reality games to solve the world’s biggest problems. Enviros love her — but so does the military. On April 30, 2007, an oil crisis shook the world. Supply chains were interrupted, and in the ensuing weeks the price of gas pushed higher and higher, peaking around $7 per […]

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