I believe that the combination of electrified transport, bio-fuels and synfuels from coal and oil bearing minerals can eventually replace oil based fuels, which would last mankind for the next couple of centuries. I am a hydrogen skeptic, but research and development on fuel cells which use hydrogen bearing liquid fuels may provide the breakthrough, […]
Nine of the last ten serious downturns in the world economy followed a spike in the price of oil, and we are heading for another spike, with oil back up near the peak of $78.40 a gallon that it reached almost exactly a year ago. A record number of options contracts are now being sold […]
The Organization of Petroleum Exporting Countries posted nominal record revenue of nearly $650 billion last year on high crude prices and increased oil production, although its sales were just half those of the top U.S. and European energy firms, the producer group said in a report released Tuesday. But in an indication as to why […]
I posted an article “The Future of (Natural) Gas from the Western Canada Sedimentary Basin?” a few months ago, suggesting that the numbers suggested for Western Canadian gas in the NRCan report “Canadian Natural Gas Review of 2004 & Outlook to 2020″ were exceedingly optimistic, basing that conclusion on both National Energy Board Scenarios and […]
Moscow – Call it the global warming sweepstakes. As milder temperatures make exploration of the Arctic sea floor possible for the first time, Russia’s biggest-ever research expedition to the region is steaming toward the immense scientific prestige of being the first to explore the seabed of the world’s crown. In the next few days, two […]
CALGARY – In its first major move since privatizing Shell Canada Ltd., Royal Dutch Shell PLC said yesterday it will spend up to $27-billion to build the biggest oilsands upgrader yet. The Anglo-Dutch oil major said in a regulatory filing that it wants to build Scotford 2 in the Fort Saskatchewan area near Edmonton, beside […]
We have placed ourselves in a position where we are relying on sources of oil the Emerging Trends Report (ETR) simply does not believe will be available in the quantities we will require in but a few yearsFinancial Sense
The large demand is driven by several factors, including perceived convenience, perceived safety versus municipal water, and perceived potability with taste advantages over municipal water. And of course packaging and advertising work to foster these perceptions – brand bottled water is very similar to branded soft drinks. Two of the largest bottled water sellers, Coca-Cola […]
Professor Sir David King, Chief Scientific Advisor to the UK Government since 2000 and former head of Cambridge University chemistry department has submitted a paper to the recently formed All Party Parliamentary Group on Peak Oil . In it he specifically addresses peak oil but disappointingly it shows no original thought, preferring to cite the […]
When it comes to climate change population matters, particularly for countries in South Asia, Africa and some Arab countries, says Prof. Khalid Rashid. A mathematician and physicist in Pakistan, he has long been studying the phenomenon of global warming and views the uncontrolled population explosion with much trepidation. But there are climate scientists like Dr […]
Greece on Tuesday declared a state of emergency on the Cyclades islands, including the popular holiday destinations of Mykonos and Santorini, because of water shortages caused by a drought and heatwave. The interior ministry said it took the decision, which amounts to little more than an administrative procedure, to force officials to speed up work […]
This year’s Tour de France may have been ruined by doping scandals but a new city bike scheme has ensured two-wheeled transport has rarely been more popular on the streets of the French capital. The “Velib” — short for “free bike” — programme launched in Paris this month has been a runaway success for Mayor […]
Europe should by 2020 divert around 18 percent of its cereals harvests, mostly maize and soft wheat, into making biofuel to meet targets for feedstock use in transport fuels, a European Commission report said on Tuesday. In March, European Union leaders agreed to set a binding target for biofuels to make up at least 10 […]
Too much energy is wasted by converting it. We could cut energy use by as much as 30% in 10 years by removing some links from the energy chain.Applying the doctrine of minimizing energy conversions to automobiles is more problematic, but still doable. Going from sunlight to biofuels to mechanical engines to hybrid electric is […]
All eyes are on Australia’s geothermal industry with our researchers at the forefront of the exciting renewable energy technology, according to Australian Resources Minister, Ian Macfarlane. Speaking at the Hot Rock Energy Conference in Adelaide today, Macfarlane says Australian researchers and companies continue to make major advances in the technology which has significant potential to […]
Argentina is not expected to change its energy policies under a new Kirchner administration, sources said. As reported, the sovereign has been hit by the one-two punch of a lack of investment and governmental interference in the sector, coupled with abnormal weather patterns. The crisis has forced Argentina to cut 1200MW per day to industry […]
I recently described the dangers posed by declining production at many of the world’s major oil fields. Now, in the past quarter, virtually all the world’s major public exploration and production companies — including ExxonMobil, Chevron, BP, and ConocoPhillips — have reported lower crude oil production, based at least in part on “normal declines” in […]
The anti-war crowd is right. It is all about oil – although perhaps not in the way it means. Consider some of the current threats to global stability: Russia’s contempt for international norms, Iran’s nuclear ambitions, the massacres in Darfur, the descent of South America into Leftist authoritarianism. All these crises are oil-fuelled. The six-fold […]
Oil News Categories
Recent Board Topics
Archive
LATEST NEWS HEADLINES

Member Comments
PO Real Time
No tweets available