Experts differ about ethanol-water usage

NORTH PLATTE, Neb. – The growing thirst for ethanol takes a lot of water to quench, but less than many people believe and not enough to cause serious problems, experts told farmers. Last year in Nebraska, the nation’s third-leading ethanol producer, it took 2 billion gallons of water at 15 ethanol plants to churn out […]

Global warming will step up after 2009: scientists

WASHINGTON (Reuters) – Global warming is forecast to set in with a vengeance after 2009, with at least half of the five following years expected to be hotter than 1998, the warmest year on record, scientists reported on Thursday. Climate experts have long predicted a general warming trend over the 21st century spurred by the […]

Preparing for the coming energy crunch

Matthew Simmons, an oil investment banker and a member of the National Petroleum Council, concludes that it is unlikely that there will be any large new oil fields discovered in Saudi Arabia, and that production is only being maintained “by using advanced drilling and completion technologies in the mature giant fields.” Details are given in […]

Iran sees US bid to topple regime

An Iranian minister said he believed the US had dropped the idea of attacking Iran but wanted to topple its leadership through what he called a Gulf-Times

Iran, Iraq to build oil pipeline

Iran and Iraq will sign a deal to build a pipeline that would transfer crude oil from southern Iraqi oilfields to refineries in Iran. Iraq announced in May that it had agreed to begin discussions with Iran over the pipeline that will carry 200,000 barrels of Iraqi crude oil to Iran per day.

Chavez pushes new energy projects

The Venezuelan president is in Bolivia on the last leg of a four-nation tour focusing on energy projects. During his trip, Hugo Chavez has repeatedly attacked the US for trying to dominate world energy supplies. He has pledged to use Venezuela’s oil wealth to help guarantee the energy needs of his allies in Latin America […]

IEA keeps 2007, 2008 demand forecasts unchanged, calls for more OPEC oil

The agency, an advisor to 26 industrialised nations of the OECD region, also called on industry players and governments to produce more frequent, comprehensive, timely and transparent oil market data. ‘Our projections suggest stocks will be drawn down further in August and September, yet when OPEC members come to assess the market at their 11 […]

The Major Diplomatic and Strategic Evolution in Iraq

There are three major powers with intense interest in the future of Iraq: the United States, Iran and Saudi Arabia. The United States, having toppled Saddam Hussein, has completely mismanaged the war. Nevertheless, a unilateral withdrawal would create an unacceptable situation in which Iran, possibly competing with Turkey in the North, would become the dominant […]

Oil slides on subprime crisis

Oil fell Thursday as worries over the U.S. subprime mortgage sector battered global markets, but losses were limited as refined products prices held firm on tight U.S. supplies. U.S. crude settled down 56 cents to $71.59 a barrel on the New York Mercantile Exchange, after falling as low as $70.50. London Brent crude fell 78 […]

Rain, Drought Seen Cutting West Europe Wheat Crop

Rain this summer coupled with drought in the spring is expected to lead to smaller wheat crops this year in major west European producing countries, analysts and traders said on Thursday. “It is not a disaster but the big producers, especially France and Germany, seem to be heading for lower crops,” one German analyst said.“Supplies […]

Project to bolster nuclear energy cooperation in Mid-east

A project backed by United Nations International Atomic Energy Agency (IAEA) has the potential to bolster cooperation in the use of nuclear energy for peaceful purposes in the Middle East. The project, known as SESAME, entails the building of a giant machine generating intense light beams for advanced scientific and technological research. A research facility […]

Oil Scene: Oil Capacity Expansion’s Exigencies and Rhetoric

An estimate of the hectic activity in Saudi Arabia could be gauged form the fact that Saudi Arabia drilled 382 new wells last year, the highest number for any year since 1980. The number of rigs in operation in the Kingdom was reported to be around 120 by the end of last year. The Kingdom […]

Pentagon chief: no more oil for blood, man

Biofuels have been taking a bit of a bashing lately, with people suggesting that maybe they aren’t so green after all. And this is not to mention the fact they could require unacceptably large amounts of cropland to produce, so driving up food prices. But now the somewhat beleaguered biofuel lobby has received a boost […]

Sudan: Oil Companies Oppressing South Sudanese

Oil development has rapidly expanded since peace returned to southern Sudan, bringing huge rewards to the government. Sudan began exporting oil in August 1999, when production was 150,000 barrels per day. Now, production is about 500,000 barrels, expecting to rise to 1,000,000 barrels per day in two to three years.The indigenous people of the oil […]

Algeria aims to tap vast sunbelt to export solar energy to Europe

It’s a vision that has long enticed energy planners: solar panels stretching out over vast swaths of the Sahara desert, soaking up sun to generate clean, green power. Now Algeria, aware that its oil and gas riches will one day run dry, is gearing up to tap its sunshine on an industrial scale for itself […]

What Unites Iraqis: Blocking Western Petroleum Companies

If passed, the Bush administration’s long-sought “hydrocarbons framework” law would give Big Oil access to Iraq’s vast energy reserves on the most advantageous terms and with virtually no regulation. Meanwhile, a parallel law carving up the country’s oil revenues threatens to set off a fresh wave of conflict in the shell-shocked country. Subhi al-Badri, head […]

Cambodia to expand navy in gulf to guard oil fields

The Cambodian Ministry of National Defense is planning to significantly expand the Royal Cambodian Navy’s presence in the Gulf of Thailand to provide security for companies searching for and extracting oil, local media said on Friday. The navy will triple its size and increase patrols to defend Cambodia’s offshore oil fields and maritime integrity, Minister […]

The Oil Drum: Credit markets: ‘Don’t panic’, they beg

The price of corporate loans in the secondary market – i.e. on the market where banks trade IOUs from corporations is plummeting. If you have a contract that says that a company owes you 100, you can usually sell it (to other banks or financial investors) for 100 or thereabout – a bit more if […]

The

…On August 3rd, US Energy czar Sam Bodman had loudly voiced concern the US economy was There’s a good chance Riyadh might heed the call for more oil, after the Bush administration said it will ask the US Congress to approve an arms-sale package to Saudi Arabia, the United Arab Emirates, Kuwait, Qatar, Bahrain and […]

Archdruid Watch: Cities in the Deindustrial Future

Despite his penchant for axe-grinding against primitivists, I actually agree with John Michael Greer on far more than we disagree. He generally doesn As usual, Greer begins with several paragraphs rehashing the same old logical fallacy he always trots out, how apocalyptic scenarios in the past drawn from the exegesis of Bronze Age texts went […]

The crisis under the ice

Global warming enabled Russia’s Arctic land grab, and now it could get worse. Any lingering doubts about how ill-prepared we are to face up to the reality of climate change should have been laid to rest this month when two Russian mini-submarines dove two miles under the Arctic ice to plant a Russian flag made […]

Solar power – in the rain

Most of us would love to run our homes on solar power – if only it wasn’t so unreliable, cumbersome and expensive. But thanks to a pioneering factory in Wales, those objections may not apply for much longer, says David Adam If you were hunting for the future of solar power, Wales might not seem […]

Critics urge LIPA to scrap wind farm plan

With a report from LIPA about the financial feasibility of its off-shore wind-energy project due out in weeks, two state senators are calling on the authority to scuttle the costly plans immediately. At the same time, one of the major backers of the wind farm, Gordian Raacke, executive director of Renewable Energy Long Island, said […]

Alberta fights emissions reductions

Canada’s premiers presented fiercely opposing positions Wednesday on how to tackle climate change, with energy-rich Newfoundland banding with Alberta to fight aggressive emissions-reduction proposals from provinces such as Ontario, Quebec and Manitoba. Several leaders insisted on the first day of the annual premiers conference that absolute emissions reductions and a national carbon trading market need […]

Trinidad & Tobago: Only 9 more years of gas

THE CONGRESS of the People (COP) is claiming that T&T has only nine years of proven gas reserves left at its current rate of usage and is calling on Government to immediately halt all energy projects. The COP is claiming that this notable decrease in the local gas reserves is part of the findings of […]

CARACAS – A cartel of natural gas-producing nations similar to OPEC (Organisation of Petroleum Exporting Countries), an idea floated by countries like Iran, Russia and Venezuela, remains a distant possibility due to the nature of the market. “ItNatural gas has been a regional rather than a global business. “It doesn

Bush rejects raising gas tax for now

WASHINGTON – President Bush dismissed Thursday raising the federal gasoline tax to repair the nation Bush was responding to a reporter’s question at a White House press conference. The question referred to last week’s collapse of the span over the Mississippi River at Minneapolis. About $24 billion, or 8 percent of the last $286 billion […]

Bridge Disaster Could Mean Gas-Tax Hike

WASHINGTON – The Minneapolis bridge disaster that suddenly is the symbol of the nation’s crumbling infrastructure could tip the scales in favor of billions of dollars in higher gasoline taxes for repairs coast to coast. There are 500 bridges around the country similar to the Minneapolis span, and “these are potential deathtraps,” says Rep. Don […]

Car rental outfits head in a green direction

WASHINGTON: Faced with sluggish rentals of sport utility vehicles and eco-conscious consumers demanding cars with higher gas mileage, auto rental companies have scrambled in recent months to stock their fleets with more fuel-efficient vehicles — including cutting-edge hybrid vehicles and flex-fuel cars that run mainly on ethanol. Analysts of the rental car industry say that […]

Measure targets fatty fuel tax break

WASHINGTON The legislation, which passed the Democratic-controlled House easily, doesn’t mention ConocoPhillips or Tyson by name. But on page 46, under Sec. 203. Extension and Modification of Credits for Biodiesel and Renewable Diesel, paragraph (b), subparagraph (1), the bill would strike language from the Energy Policy Act of 2005 that reads “using a thermal depolymerization […]

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