North Dakotans wary of renewed interest in uranium mining

Mines shut down in late 1960s BELFIELD, North Dakota: Geiger counters were a hot item a half century ago in the small North Dakota town of Belfield. Nearly every business, including the pool hall, sold the instruments to wannabe uranium prospectors. “People weren’t worried about it then because they had no idea what it was,” […]

Study: Without more government help ethanol plants could go bust

LINCOLN, Neb. (AP) — Ethanol producers have friendly government policies to thank for the current boom in the corn-based alternative fuel and will need more help from Washington to keep from going belly up in a few years, says a new study. Without a federally mandated increase in ethanol consumption, small plants could stop being […]

Leaders back nuke power

Seen as key to helping climate. But green groups want Asia-Pacific leaders to commit to greenhouse-gas reduction President George W. Bush says nuclear power is a key to tackling climate change, along with new energy technologies, but green groups want Asia-Pacific leaders meeting in Sydney to commit to greenhouse-gas reduction targets. Australia has made climate […]

Gas Supplies Fall for 5th Straight Week

U.S. Gasoline Inventories Fall for 5th Straight Week; Production, Imports Rise WASHINGTON (AP) — U.S. gasoline supplies fell last week for the fifth-straight week despite a jump in production and imports, the government said Thursday. Stockpiles of the motor fuel fell by 1.5 million barrels, or 0.8 percent, to 191.1 million barrels for the week […]

Days of cheap food are over, say suppliers as ingredient costs soar

Superstore groups prepare to stomach higher prices because of far east demand and biofuel incentives Supermarket pledges to drive down the price of staple goods and help cash-strapped shoppers looked increasingly vulnerable last night after Britain’s biggest food manufacturer insisted even the largest superstore groups would have to stomach higher prices from suppliers that are […]

Energy crisis reduces Dunlop

The lingering epileptic energy supplies in the country has had a toll on Dunlop Nigeria Plc reducing its production and sales capacity by 20 per cent in the first half of 2007. Chairman of the tyre manufacturing company, Mr. Jabez Lawuyi, who stated this at the Annual General Meeting (AGM) in Lagos on Tuesday, explained […]

The Oil Drum: EROEI Short #4: Bootstrap-EROEI

One significant issue related to EROEI that must be discussed is the time-lag associated with durable goods and infrastructure. Assume that the aggregate EROEI of our society is declining. Energy was invested 15 years ago in a large piece of coal mining equipment that will last for 15 years. The energy used to build it […]

Nuclear industry hails climate-driven ”renaissance”

LONDON, Sept 6 (Reuters) – The nuclear power industry said on Thursday it provided a clean alternative to fossil fuels and a global warming crisis, shrugging off environmentalist concerns about nuclear waste and atomic security. The term “renaissance” was the buzz word as nuclear industry players emerged from the 21-year-long shadow of the Chernobyl nuclear […]

INTERVIEW: Russian watchdog warns of bogus oil reserves

NEW YORK, Sept 5 (Reuters) – Several foreign oil and mining companies operating in Russia have been overstating reserves by as much as 800 percent, the deputy head of Russia’s environment watchdog said on Wednesday. “This is a new kind of business that has unfortunately appeared to have started in Russia,” Oleg Mitvol told Reuters […]

Analysis: Oil strikers met by Iraqi troops

WASHINGTON, June. 6 (UPI) — On the third day of an oil strike in southern Iraq, the Iraqi military has surrounded oil workers and the prime minister has issued arrest warrants for the union leaders, sparking an outcry from supporters and international unions. “This will not stop us because we are defending people’s rights,” said […]

Oil and security for Iraq investors

Security in Iraq is a major holdup to investment there, sometimes second only to the lack of a law governing Iraq’s vast oil and gas reserves. Various security plans, by Iraqi and U.S. forces, are intended to break the cycle of violence, but little of the ambitions for Iraq’s future will take hold until its […]

The World’s ‘Energy Game’ Hotspots

For the past few years, especially since the start of the war on terror, oil prices have gone and societies across all the major industrial states have begun to appreciate the virtues of renewable energy production. The situation on a global scale is still in flux since opposite interests drive their own agenda in order […]

U.S., Western interests at risk of terror attack in Nigeria, U.S. Embassy warns

LAGOS, Nigeria (AP) – The U.S. Embassy said Thursday that American and other Western installations are at risk of terrorist attack in Nigeria, but an embassy official said no specific threat had prompted the announcement. Nigeria, which has never suffered an attack by an international terrorist organization, is a top supplier of foreign oil for […]

Syrians say they opened fire on Israeli aircraft

DAMASCUS, Syria – Syrian air defenses opened fire on Israeli aircraft that violated Syrian airspace, a Syrian military spokesman said Thursday. The Israelis broke the sound barrier and

Don’t blow it APEC, habitable planets are hard to find

As APEC meets, the good ship Recent science suggests that the danger level for atmospheric carbon concentrations, to keep warming below 2oC, is 450 parts per million carbon dioxide equivalent, possibly lower. Current atmospheric carbon concentrations are 430ppm CO2e, increasing at 3ppm per annum and accelerating fast, both here and overseas. In theory that leaves […]

PetroChina to Buy Up to A$60 Billion of Australia LNG

(Bloomberg) — PetroChina Co. agreed to buy as much as A$60 billion ($49 billion) of Australian liquefied natural gas in two accords signed this week, as China’s demand for the fuel forces it to accept prices that have tripled in five years. Asia’s biggest oil company by market value would buy as much as 3 […]

Cultivating a Crop of Hope

Long, Tall Switchgrass Has Promise Uprooting Corn as a Main Source Of Ethanol and as a Boon For Ex-Tobacco Farmers Researchers across the country think that switchgrass could help supplant corn as a source for the fast-growing ethanol industry. In Virginia, some officials are trying to make the state the Iowa of the new cash […]

Indonesian Clerics Say Nuclear Plant Forbidden

JAKARTA – A group of Indonesian Muslim clerics have declared that a nuclear power plant due to be built in Central Java is religiously forbidden because its danger outweighs potential benefits, a scholar said on Monday. Asia-Pacific’s only OPEC member has been trying to promote the use of alternative energy in an effort to reduce […]

Congress should respond to gas costs, ‘foreclosure tax’

Rep. Zack Space, D-Ohio …I also don’t have to tell you what gasoline prices have done to our families’ budgets. Earlier this summer, prices climbed to $3.25 per gallon and higher. For most of us who live in rural areas, we have no choice but to pay those prices if we want to continue to […]

Oil price above 76 dollars in New York

The price of New York oil jumped above 76 dollars a barrel on Thursday, with some analysts warning that prices could be heading to new highs. …”I think oil prices are going to retest recent record highs,” Bank of Ireland analyst Paul Harris said Thursday. New York crude struck a record high of 78.77 dollars […]

We must apply the brakes on unrestrained growth

Two and a half centuries ago we humans began to replace muscle power sustained by renewable food resources with machines with a hunger for coal, then gas, oil, and nuclear energy, none of them renewable. Economic development took off, and with accelerating speed, is now hurtling out of control, heading for our self-destruction. Nobody knows […]

Nature, terror and oil top US fear list

Natural disasters, international terrorist attacks and a steep rise in oil prices top the list of the biggest near-term risks that concern US business executives, according to a study by Marsh, the insurance broker, that will be released on Thursday But the one hundred-plus CEOs and senior directors of Fortune 1000 companies surveyed played down […]

OPEC president says no shortage of oil

The oil market is well balanced and there is no shortage of crude, OPEC’s president said on Thursday, ahead of a meeting of the producer group next week that is expected to maintain supply curbs. “I think the market is very well balanced… There is no shortage whatsoever of oil supplies,” Mohammed bin Dhaen al-Hamli, […]

Nigeria is seeking to overhaul state oil firm on Aramco lines

Nigeria wants to overhaul its state oil company to create a global presence along the lines of Saudi ArabiaGulf-Times

Kuwaiti heavy oil sales suspended

Kuwait’s heavy oil sales had been stopped for three months now due to the laxity of KOC’s marketing officials. Informed sources noted that over two million barrels of heavy crude oil had been loaded into vessels and tankers, which in turn, had been docked in Kuwaiti ports waiting to be sold. The sources added that […]

Big Oil Firms Talk Up Carbon Capture, But Do Little

Major international oil companies say carbon capture and storage is a way to curb carbon dioxide emissions while continuing to burn fossil fuels, but their critics say few are actually investing.“Without CCS (carbon capture and storage), fossil fuel use would have to be cut by more than half,” said Malcolm Brinded, executive director of exploration […]

Biotech Will Help China Reclaim Land, Grow Food

Diversion of food crops to biofuels has finally caught the attention of policy makers in China. Even as the country seeks to use 10 million tons of bio- ethanol and 2 million tons of bio-diesel annually by 2020 to cut its reliance on petroleum, planners are also aware that they have 1.3 billion mouths to […]

Germany set to buy more coal from S.Africa

Germany’s plans to phase out nuclear power plants and shut coal mines will increase its dependence on coal from South Africa, the head of a coal trading firm said on Wednesday. “South Africa has a great potential to expand its exports to Germany and strengthen its market position in that country even further,” Patrick Steifert, […]

TURKMENISTAN: ”THE MOST IMPORTANT PART” IN THE ENERGY GREAT GAME

Just next to the western coastal city of Turkmenbashi, the Turkmenbashi State Oil Refinery is a massive, sprawling complex said to be larger than the city itself. It’s surrounded by three-meter-high walls topped with barbed wire; every 100 meters or so, stands a guard tower to detect potential intruders. It looks more like a military […]

In France, energy control becomes patriotic

The battlefield is almost ready for the French President’s first collision with Brussels, and Nicolas Sarkozy has prepared his artillery to deliver the first barrage. The weaponry is impressive: a €90-billion ($129-billion) cannon made of the merger of two massive utilities, Gaz de France and Suez. Alongside it, an older but even more impressive gun, […]

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