Unusually thin, rotten ice, north of Alaska

The ice that floats on the Arctic Ocean is now the smallest conglomeration of frozen jigsaw puzzle pieces that people have seen in the era of satellites. That record is short, only going back to 1979, but the ice loss has been outracing some conservative computer models. According to an Alaska scientist just back from […]

Amazon forest shows unexpected resiliency during drought

Drought-stricken regions of the Amazon forest grew particularly vigorously during the 2005 drought, according to new research. The counterintuitive finding contradicts a prominent global climate model that predicts the Amazon forest would begin to “brown down” after just a month of drought and eventually collapse as the drought progressed.

Recycling wind turbines

Making wind power really green The development of wind power promises much in terms of providing us with renewable energy for the future and wind turbines could be the most effective way to harness that power. Danish researchers now suggest that in order to assess the overall environmental impact of wind power, however, the finite […]

Selling America In Exchange for Oil

The day George W. Bush took office as president, the price of oil closed at $24 a barrel. This week, the price of oil topped $80 a barrel. The U.S. consumes about 20 million barrels of petroleum products each day. Do the math. Since half of our oil is imported, we are shelling out more […]

Russia warns war with Iran would block oil flows

MOSCOW – Russian Foreign Minister Sergei Lavrov warned Friday that any attempt to wage war on Iran could disrupt the flow of oil to Western countries and prompt a flow of refugees to Russia. “It is a key region for the provision of hydrocarbons, mainly to Western countries, and any disruption of that would provoke […]

Richard Heinberg on Financial Sense Newshour

The September 22, 2007 edition of Financial Sense Newshour features an interview with Richard Heinberg, author of Peak Everything: Waking Up to the Century of Declines. It’s in the second hour. MP3, RealMedia, and Windows Media formats available. FinancialSense.com

Uranium shortage likely in forthcoming years

Analysts at RBC Capital Markets say that they have upgraded their forecast for both demand and supply of uranium for the forthcoming years.The analysts expect uranium deficit in 2008 and 2009, a balance in demand/supply until 2011 and a small surplus until 2013. After 2015, a severe deficit in the uranium demand-supply gap is likely, […]

1,000 leading Chinese enterprises ordered to meet global energy standards

The National Development and Reform Commission (NDRC), the nation’s top economic planner, launched its “Top-1,000 Enterprise Energy Efficiency Action Plan” on Friday. Under the program, China’s 1,000 largest domestic enterprises are required to meet global energy efficiency requirements and take the lead in the field domestically as part of the country’s endeavors to reduce energy […]

Nuclear energy to be key in low-carbon energy policy: Brussels

Nuclear power will remain a key element as the world seeks to move toward low carbon energy, the European Commission said Friday, announcing a new forum for nuclear energy research. The Sustainable Nuclear Energy Technology Platform will bring together industry and researchers to draw up a strategy “to prepare for the future and maintain European […]

Nightmare of high oil prices

Throw away all those theories and formulas. Even the mighty OPEC is baffled by the continued record-breaking rises in oil prices, even as it insists that its little black book says there is enough oil being pumped out of the ground to cover what is being consumed by the world’s economies. Crude oil prices just […]

OPEC oil output rises in Sept-Petrologistics

OPEC oil output excluding Iraq and Angola is expected to rise in September, led by higher supply from Saudi Arabia, Iran and Nigeria, a consultant said on Friday. OPEC’s 10 members subject to output limits, all except Iraq and Angola, are set to pump 27 million barrels per day, up from a revised 26.9 million […]

Rapeseed biofuel ‘produces more greenhouse gas than oil or petrol’

A renewable energy source designed to reduce greenhouse gas emissions is contributing more to global warming than fossil fuels, a study suggests. Measurements of emissions from the burning of biofuels derived from rapeseed and maize have been found to produce more greenhouse gas emissions than they save.Other biofuels, especially those likely to see greater use […]

Russia says it will invest more oil wealth in its economy

The Russian government said Friday that it would invest more of its oil wealth directly into the economy, mainly in infrastructure, as it sought to maintain its longest expansion since the fall of the Soviet Union. Budget-funded investment will rise to at least 900 billion rubles, or $36 billion, next year, the acting first deputy […]

Pope to make climate action a moral obligation

The Pope is expected to use his first address to the United Nations to deliver a powerful warning over climate change in a move to adopt protection of the environment as a “moral” cause for the Catholic Church and its billion-strong following. The New York speech is likely to contain an appeal for sustainable development, […]

China to Tap Global Uranium for Nuclear Expansion

China plans to tap the global uranium market to feed the rapid expansion of its nuclear power sector, a top economic planner said on Thursday, although strong demand for the metal has pushed prices above historical levels. Zhang Guobao, a deputy chief of the National Development and Reform Commission (NDRC), said the country’s plans to […]

First Gas Project In Barents Sea Comes Online

The Snohvit gas field in the Barents Sea has started production. The Snohvit project is the first gas development in the Barents Sea and also involves the construction of the first LNG plant in Arctic conditions. Snohvit also represents the first large-scale LNG project in Europe. There are no above-surface platforms or floating production units […]

Nobel conference to focus on energy

…Oil depletion Deffeyes is a former colleague of Marion King Hubbert, a Shell Oil geologist and the first to argue that oil supplies would soon peak. But it doesn

Scramble for the seabed: how Rockall could be the key to a British oil bonanza

UK, France and Russia plan to exploit new UN rules to claim huge swaths of ocean Britain is poised to get much bigger. South Africa, Russia, France, Brazil, Australia and Ireland are hoping to expand too. In fact, 45 countries with coastlines qualify for potential “extended underwater territory” rights under the new UN Law of […]

Russia to deliver fuel oil to DPRK: senior diplomat

Russia will deliver fuel oil to the Democratic People’s Republic of Korea (DPRK) in November, Deputy Foreign Minister Alexander Losyukov said Friday. “Moscow will meet its commitments and deliver fuel oil,” Losyukov said after China announced Friday the six-party talks on the Korean Peninsular nuclear issue will resume in Beijing from Sept. 27 to Sept. […]

Peak Oil Passnotes: The Only Way Is Up

Another week, another record. U.S. crude oil on the WTI hit a high of $84 per barrel this week as a series of problems that do not appear to be in any hurry to leave us behind continue to dog the markets. U.S. crude inventories have dropped 10 weeks in a row to leave the […]

Oil and Betrayal in Iraq

Alan Greenspan should know. It was oil all along. The former head of the Federal Reserve writes in his memoir, “The Age of Turbulence: Adventures in a New World,” “I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil.” Greenspan even advised Bush that “taking […]

BBC interviews Dr. James Hansen

Scientist James Hansen has devoted his life to researching climate change. Over the past 30 years he has repeatedly clashed with American administrations over the action needed to address the problem. Now, as director of the Goddard Institute for Space Studies at NASA, he still feels his message is the most important of our time. […]

Black marketeering rife amid fuel crisis in Nepal

KATHMANDU, Sept 21 – Government apathy to the need to adjust prices has triggered a black market in petrol, the most scarce product these days, forcing consumers to pay as much Rs 150 per liter. Mainly garage operators in the urban centers such as Jamal, Maitidevi and Koteshwor have converted themselves into “petrol storages” and […]

Canada: High Dollar A Cash Drain On Oilpatch

‘We Hate It’; Discourages U.S. investment, hurts energy exporters CALGARY – Canada’s high-flying buck is known internationally as a petro-dollar, but the country’s petroleum sector is anything but pleased. “We hate it,” said John Diel-wart, chief executive of ARC Resources Ltd., a large oil-and-gas trust.“The strength of Canada’s economy and the strength of our dollar […]

South Africa: FUEL SUPPLY: High and dry

SA’s fuel supply infrastructure is on a knife edge. Refineries around the country are working flat out but can no longer satisfy demand. Imports are growing but the ports can’t handle the rising volumes indefinitely. The pipeline carrying fuel inland is running at capacity. The growing number of trucks on the roads is not safe, […]

To go green, live closer to work, report says

New study says planning compact, mixed-use communities instead of suburbs would help save the planet. Don’t want to fork out for a Prius? Can’t see tanking up with ethanol? Can’t afford solar panels for your roof? Not to worry, you can still do something to fight global warming: Live closer to work. That’s one conclusion […]

The Oil Drum: September 2007 Oil Production Forecasts and EIA Revisions

Executive Summary: A. Broad revision (from 1980 to 2004) by the EIA this month but not significant in amplitude. B. Monthly production peaks are unchanged: 1. All Liquids: the peak is still July 2006 at 85.54 mbpd (up 0.11 mbpd), the year to date average production in 2007 (6 months) is 84.28 mbpd (up 0.02 […]

British sea power

The government wants to build up a marine-energy industry THE British have always looked to the sea to protect them from the earth’s dangers. The ocean is a handy deterrent to foreign armies, but it is useful for other things too. In the midst of the energy crisis of the 1970s, there was much talk […]

Report: Ethanol strains aquifer, grasslands

The Ogallala Aquifer, which contributes to water supplies in eight states including South Dakota, would be further strained if current trends in ethanol production persist, according to a report released Thursday by an environmental advocacy group. “State agencies that are proposing ethanol plants need to be concerned about water withdrawal,” said Timothy D. Male, senior […]

Gulf Of Mexico Storm System Sends Oil Prices Soaring

New Orleans, LA (AHN) – A weak storm system in the Gulf of Mexico expected to follow closely Hurricane Katrina’s path has caused problems in Florida, Louisiana and elsewhere in the United States. Fears of a weekend storm sent oil prices soaring to a record high of $84.10 in trading on Thursday before they fell […]

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