Scotland must plan for renewable energy

If Scotland is to become a net exporter of energy rather than importer of its future energy needs, then urgent action is required to speed up planning decisions, enlarge the power grid and create partnerships within the industry to encourage the growth of the renewables sector. This is the view of Alan Baker, chief executive […]

‘The Politics Of Caspian Oil’

Its potential as a source of oil and gas for world energy markets increased international political and academic attention on the Caspian-Caucasus region. It is estimated that the Caspian oil will become the second most important source of oil for the world’s industrialised centres in the 21st century. Furthermore the oil and gas have not […]

Exploring for Oil in the Arctic’s ‘Great Frontier’

These days, the frontiers of oil exploration include the waters north of Alaska. Nobody knows how much energy is hidden beneath the Arctic waves. But oil companies want to find out. A federal court blocked Royal Dutch Shell proposal to drill for oil in the Beaufort Sea, above Alaska’s northern coast. But the company is […]

Big Oil in Iraq: ”World Class Racketeering”

Those who want to hold Iraqis “accountable” with a series of benchmarks that are important to Washington fail to understand what those benchmarks are about to begin with.As experts who have followed Iraq’s oil sector explained at the hearing, one benchmark Iraq is being pressured to pass involves not one but a series of hydrocarbon […]

In the name of Oil

From the myriad of evils that the Middle East has come to know, no other entity has ever been such a vice, such a tool for the disenfranchisement and vitiation of such an eclectic group of peoples as the curse that is oil. What initially swayed the Bedouin to exchange his camel and nomadic garb […]

Peak Oil Crisis: Minimum Operating Levels Redux

Last spring, when U.S. gasoline stockpiles were falling like a brick, there was much concern about shortages during the summer driving season. The average price for gasoline in the U.S. rose to $3.22 per gallon and in some parts of the country over $4. Our aged refineries were huffing and puffing to increase gasoline output […]

Orangutans squeezed by biofuel boom

Indonesia, conservationists have different views of palm oil plantations TUMBANG KULING, Indonesia – Naingolan shunts the excavator into high gear and tears into a patch of smoldering forest on Borneo island, clearing the way for yet another palm oil plantation that Indonesia hopes will tap into a surge in global demand for biofuels. Despite government […]

Wine: A barometer of global warming

Vintners in France forced to change ways grapes are grown ROUFFACH, France – On a cobweb-encrusted rafter above his giant steel grape pressers, Rene Mure is charting one of the world’s most-tangible barometers of global warming. The evidence, scrawled in black ink, is the first day of the annual grape harvest for the past three […]

Shell boss stumps for off-shore drilling

In Salt Lake City, he says development is a must to meet needs Shell Oil president John Hofmeister says it is possible for this country to approach energy independence but to do so it must embrace new fuel technologies and rethink existing policies preventing additional oil and gas development. Hofmeister was in Salt Lake City […]

‘Miserable’ without electricity

Outages continue in parts of Orange and L.A. counties. At least 63,100 homes are affected. Things looked dark Tuesday for Raymond Fitzgerald. And he was powerless to do anything about it. “I’ve called the Department of Water and Power and they say they’re doing everything they can. But you’d think after three days they’d have […]

Rising oil prices did not affect global economic growth, says UNCTAD

GENEVA, Sept 5 (KUNA) — A new report says that oil prices on the increase have not affected negatively global economic growth, on the contrary. Director, Division on Globalization and Development Strategies, UNCTAD, Heiner Flassbeck told the Kuwait News Agency (KUNA), that the interesting thing is that high oil prices led to a commodity price […]

Wheat prices soar to record highs

Wheat prices soared to record highs on the Chicago Board of Trade and European markets on Wednesday as news of damage to key exporter Australia’s crop heightened concern about shrinking global stocks. “That compounds what is already a fairly desperate problem,” said Simon Ingle, head of milling wheat for Britain’s largest farmer grain cooperative Grainfarmers. […]

Plug and play algae production for biofuels?

Before the discussion of algae production begins, please put up with a little jabber. The US seems to be closing in on the bust end of another of its usual boom-bust economic cycles. (This time too many less-than-wealthy buyers were duped by greedy mortgagers into buying overpriced homes. The last boom-bust was what, overvalued dot-coms?) […]

Shortfalls in Russian oil deliveries to Germany

Russian oil deliveries to Germany through the Druzhba pipeline fell abruptly in the month of August by some 30%. Lukoil is mainly responsible for the deliberate reduction in supplies that had been pre-contracted. Supply shortfalls had begun in July on a small scale, before the abrupt August drop. The German government and affected companies kept […]

Huge Potential for Green Geothermal Energy in the US

First “Steam of Opportunities” conference outlines US geothermal energy potential NEW YORK & REYKJAVIK, Iceland & OSLO, Norway–(BUSINESS WIRE)–Glitnir, the Nordic financial group, hosted the first “Steam of Opportunities” conference in New York today. The objective of the conference was to provide new research on the potential of geothermal energy as an environmentally sound, renewable […]

Loss of Arctic ice leaves experts stunned

The Arctic ice cap has collapsed at an unprecedented rate this summer and levels of sea ice in the region now stand at record lows, scientists have announced. Experts say they are “stunned” by the loss of ice, with an area almost twice as big as the UK disappearing in the last week alone.So much […]

Leggett: Kings of the coal habit

The fate of our warming planet hinges on six nations, and five of them meet in Sydney this week Through his long years of greenhouse denial, George Bush must have been particularly grateful to John Howard. The Australian prime minister was quick to join Bush in refusing to ratify the Kyoto protocol, and has batted […]

Analysts Explain Why Oil Prices are up Over 100% In Last 4 Years

Every year since 2003, crude oil prices have hit new highs. Topping out in the mid-$30 range back in 2003, this year spot crude reached almost $80 a barrel during the peak U.S. summer driving season. That Experts are worried. A senior official at the International Energy Agency (IEA) in Paris last week told a […]

Global Warning: The Last Chance for Change

In Global Warning: The Last Chance for Change, Paul Brown (former environment correspondent for the Guardian) charts the history of the climate debate and explains the implications of the 2007 report of the Intergovernmental Panel for Climate Change in a form accessible to the layman. Brown reveals the truth behind the political rhetoric, China and […]

Half-price Big Mac to fight global warming proves big hit in Japan

TOKYO (AFP) – A Japanese government website crashed Wednesday as people raced to take up an offer of a half-price McDonald’s hamburger in exchange for pledging to fight global warming. The Japanese unit of the US burger giant Tuesday offered a Big Mac for 150 yen (1.3 dollars), about half the normal price, to anyone […]

GROWTH OF AUTOMOBILES AND OIL INDUSTRY

The Ford and General Motors have announced 60,000 job cuts. This may be more than production moving south; it could be a sign of a world where the economic geography is changing. Since the dawn of the industrial revolution 250 years ago, the global economy has been dominated by Western Europe and North America. If […]

Canada to reprocess other nations’ nuclear waste

Canada will eventually get into the business of reprocessing spent nuclear fuel, Natural Resources Minister Gary Lunn said yesterday as the government considers an invitation to join a major international effort to promote nuclear technology worldwide. As he headed to a meeting of the Asia Pacific Economic Co-operation forum in Australia yesterday, Prime Minister Stephen […]

Gazpain de France

The creeping advance of state corporatism continues, slipping tentacles into energy in France, stock markets in Sweden, oil reserves in Alberta and auto parts in Canada. On the great playing field of global business and finance, the rise of government-run corporations remains a small trend. But it is growing, ultimately threatening the market-based economic principles […]

Gazprom pushes Exxon to drop China export plans

Gazprom, the Russian state-controlled gas giant, stepped up pressure on the ExxonMobil-led Sakhalin group to abandon plans to export natural gas to China on Tuesday, saying gas was required by domestic consumers. Vladimir Kozlov, the head of Gazprom’s Sakhalin office, said, “Russia’s position as a partner in the production sharing contract is that Sakhalin-1 must […]

Global growing problem of wheat production

…With 3 billion new consumers starting to emulate Western lifestyles, it is not surprising that in six of the past seven years consumption of grains has exceeded production. The second major driver of demand is the ongoing battle for crops between a billion car drivers and the twice as many still struggling for enough to […]

High Costs, Taxes Hitting UK Oil, Gas Developments – Execs

High costs and taxes could prevent development of some of the U.K.’s remaining oil and gas resources, even in areas where significant new discoveries are still being made, senior oil industry executives said Tuesday. “We are heading in a direction that will see sub-optimal development of gas our country desperately needs,” said Frank Chapman, Chief […]

Iraqi crude oil flowing through Turkey

AMMAN, Jordan – Iraq’s oil minister said Tuesday that crude oil began to flow from his country’s northern oil-rich Kirkuk to a Turkish export terminal last week The pipeline

The Oil Drum: Concerning coal, some numbers and a thought

When I started posting to this site, one of the last things that I intended was to become an apologist for either the mining or petroleum industries. I worry however, sometimes, that if there is only one side of a debate being given visibility, then, by default, a public picture is painted that may not […]

South Africa: Pipe dream of infinite fuel is a costly myth

Bids by Transnet Pipelines and iPayipi to construct a new liquid fuel pipeline between Durban and Gauteng received prominent coverage in the financial media recently. The pipeline is intended to address anticipated fuel shortages in Gauteng by 2010 and to enhance security of supply. However, a crucial premise needs to be interrogated: will sufficient oil […]

Southwest leads way as 8 airlines raise fares

Southwest Airlines Co., the largest discount carrier, led eight of the biggest U.S. airlines in boosting round-trip fares as much as $20 to help offset higher fuel costs. Southwest’s tickets rose $1 to $10 each way, depending on distance, on Aug. 31, spokeswoman Beth Harbin said yesterday. American Airlines, United Airlines, Continental Airlines Inc., Northwest […]

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