OTHER countries are clamouring for our solar power expertise while in Australia the sun is setting on this energy source’s commercial potential. Those wondering why might ask if the alliances the renewable sector has struck with large polluting companies could be a factor. During APEC 2007, where climate change has been a big issue, some […]
WyomingThis video illustrates some of the changes occurring in the Upper Green River Valley using the latest in satellite imagery, aerial photography, and Google Earth 3-d technology. Watch the video to get a first-hand look at the dramatic growth of gas and oil drilling in this ecologically important region, learn more about the impacts of […]
It’s hard to keep up with the crazed weather. As I write, a heat wave has killed over 50 people in the Midwest and South, with temperatures reaching 112 degrees in Evening Shade, Arkansas. Torrential storms have flooded Ohio, Minnesota, Wisconsin, Missouri, Indiana, Iowa, and South Dakota. California has its second largest wildfire ever. Texas […]
DUBAI – The Organisation of Petroleum Exporting Countries will examine whether it needs to Shahristani, speaking on the sidelines of an
DUBAI (AFP) – War-torn Iraq seeks to raise oil production to three million barrels per day (bpd) next year and to six million bpd within a decade, Iraqi Oil Minister Hussein Shahristani said on Saturday. The plan is to hike output “from just under 2.5 million bpd (now) to three million bpd by 2008 and […]
Tar Sands’ Profitability Questionable …Perhaps the most paradoxical part of the tar sands receding horizons problem is the need for energy. Typically, tar sands are produced using natural gas to heat the steam that drives the oil out of the sands. It takes a lot of gas to do this: over 1,000 cubic feet–about $8 […]
Politically driven state energy companies are hindering access to oil reserves, threatening worldwide energy security, top executives of some the of the globe’s biggest oil majors said. High oil prices and perceptions of soaring industry profits have prompted many producing countries to give national oil firms more power to extract richer fiscal terms and greater […]
Kimbell proposes using wood- and brush-based ethanol as gas alternative WASHINGTON – The U.S. Forest Service chief is proposing replacing 15 percent of the nation’s gasoline with ethanol made from wood, while doubling the amount of carbon dioxide emissions absorbed by public and private forests. “These are ambitious goals, and they would take a concerted […]
Two-thirds of the world’s polar bears will disappear by 2050, even under moderate projections for shrinking summer sea ice caused by greenhouse gases in the atmosphere, government scientists reported on Friday. The finding is part of a yearlong review of the effects of climate and ice changes on polar bears to help determine whether they […]
If you ran a city, what energy source would you use — cheap coal, or costly but environmentally friendly solar power? As oil prices near record highs, US energy major Chevron is inviting people to deal with a potential future energy supply crunch in an online game called Energyville, which uses real data and scenarios […]
A year after Gazprom chief Alexei Miller loftily declared that it would develop the world’s largest offshore gas field “without international participation”, the Russian energy giant appears to have changed its mind. It has now emerged that the Shtokman field in the Barents Sea will probably be developed jointly by a group of international energy […]
Iranian officials are well known for always looking for bargaining chips, and a centrifuge target that Tehran knew it could not actually achieve any time soon nevertheless gave Iran potential leverage in any future negotiations with the IAEA – and particularly its most powerful member, the United States – on its nuclear program. It also […]
In the long range, it is expected that the rise in oil prices lead to a reduction in demand, and thus the price collapse, which gives industrial powers effective mechanisms of adaptation. In addition, it could help the petroleum partnership agreements made by the International Energy Agency IEA in 1974, and the United States to […]
A climate change declaration setting a precise energy efficiency goal is expected to come out of the two-day Asia-Pacific Economic Cooperation Leaders Summit that began here today. In an effort to address global warming, the leaders are expected to agree to improve energy efficiency by at least 25 percent above the 2005 level by 2030. […]
Saudi Arabia is on schedule with plans to boost its crude oil production capacity to 12.5 million barrels per day by 2009, despite rising industry costs, a top official at state oil company Saudi Aramco said on Saturday. Higher labour and raw materials prices have, however, hit two planned joint-venture refineries, which will now cost […]
Opec is expected to keep its output unchanged at its meeting this week, ignoring pleas from rich countries for more supplies as crude prices approach $80 per barrel. But the Saudi Arabia-led club is seen as facing a dilemma: it seeks high oil prices to maximise its income, but it wants to avoid a global […]
Exxon Mobil Corp. Chief Executive Officer Rex Tillerson said energy independence for the U.S. and other industrialized countries is impossible, and diverse sources of oil are needed to soften the impact of supply disruptions. “The nationality of energy is irrelevant,” Tillerson, who heads the world’s largest oil company, said today during a panel discussion on […]
Oil market fundamentals do not justify a crude oil price as high as $70 a barrel, which is below today’s level, Exxon Mobil Corp’s top executive said on Friday. “I cannot explain why we have $70 oil. The fundamentals behind supply and demand do not support $70 oil. The fundamentals support something much less,” Exxon […]
And: if this is a baseball game, what inning are we in? It was hard for me not to think of the tiger tattoo on George Shultz’s butt when he appeared on the kick-off plenary panel at the Society of Environmental Journalists annual conference in Palo Alto, Calif., which was entitled “Clean, Secure, Efficient Energy: […]
The world The Saudis do not release data on how much oil they are extracting from individual wells, or on the remaining reserves of individual oil fields. But the total amount that the kingdom produces has been declining, down a million barrels a day over the last two years of data. The Saudis have claimed […]
PARIS (Reuters) — Near record crude oil prices are sending a message to Opec that the world market is very tight, the new head of the International Energy Agency said, five days before Opec’s next meeting. In his first interview as head of the IEA, Nobuo Tanaka also said he would like the world’s second […]
A new militant organization, known as the Grand Alliance of Niger Delta, has threatened to attack the country’s oil and gas interests should oil companies in the region fail to meet its demand of employing the teeming unemployed youths of the Niger Delta origin. The group, at a press conference in Port Harcourt yesterday through […]
ANCHORAGE, Alaska (Sept. 7) – An analysis of 20 years’ worth of real-life observations supports recent U.N. computer predictions that by 2050, summer sea ice off Alaska’s north coast will probably shrink to nearly half the area it covered in the 1980s, federal scientists say. The summer sea ice off Alaska’s north coast will likely […]
NEW YORK (Reuters) – Coal use grew by 30 percent in the last five years and future demand will likely fuel more power plant construction despite environmentalists’ opposition, the head of U.S. coal mining company Peabody Energy said on Thursday. “Our view is that you will continue to have opposition, but plants are being built […]
Even though the Organic Law on Hydrocarbons was not supposed to be retroactive, private corporations were forced to enter into joint ventures where the Venezuelan State holds a majority stake When President Hugo Chavez was sworn in last January -following his re-election for a second term, he suggested that changes to Article 303, Venezuelan Constitution, […]
A recent deal to protect the habitat of endangered coral may offer US environmentalists new leverage. Environmentalists may have gained a powerful new legal weapon to fight global warming: the Endangered Species Act. That’s the fallout some expect from a settlement last week between environmentalists and the National Marine Fisheries Service. The government agency agreed […]
The Canadian oil patch could be hit by a major round of takeovers by multinational giants in the next year, Jeff Rubin of CIBC World Markets predicts, as the global energy industry looks increasingly to Alberta’s rich oil sands as one of the few major world oil reserves unfettered by political meddling. Speaking at a […]
Energy: Attitudes to nuclear power are shifting in response to climate change and fears over the security of the supply of fossil fuels. The technology of nuclear power has been changing, too OVER the next few decades global electricity consumption is expected to double. At the same time, many power plants in rich countries, built […]
High oil prices are here to stay, according to Total, the French oil multinational, which has raised its forecast value of a barrel of crude from $40 to $60 as it predicts continuing strong demand for oil, rising costs and political constraints on production. TotalThe Total chief said that biofuels would not provide an answer […]
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