One major storm will equal one major economic headache for the United States, according to a top Shell Oil Co. executive. The United States must expand domestic oil and gas production while developing renewable sources and energy-efficient technology to secure its energy supply, according to John Hofmeister, the Houston-based president of Shell Oil Co. Hofmeister
Perhaps it was inevitable. The New York Times with its ‘rose tinted glasses’ reporting on the world oil industry, standing shoulder to shoulder together with Hugo Chavez ( please see post “Hugo Chavez Flirts With Hypocrisy and Ethanol” 04.23.07) and his well rehearsed sense of victimization, bashing “ethanol”, happy to undermine ethanol’s growing challenge to […]
They warn of an irreversible output decline. … The threat of economic sabotage by a shady group known as the Revolutionary Popular Army EPR poses a major new headache for the Mexican government. But Mexico’s energy industry problems run far deeper than terrorist attacks on its infrastructure, analysts say, and have major implications for U.S. […]
Borneo~Homeless, semi-paralyzed and blind in one eye, Montana faces an uncertain future. Even if his friends find somewhere for him to live, the 15-year-old has been weakened by years in assisted care. The lethal dangers of readjustment in his natural home include men like those who shot him out of a tree when he was […]
Ever more companies see climate change as a growing threat to their commercial interests, according to a study carried out on behalf of 315 global investors. But others expect to benefit, says the Global Climate Change Report. Investors want firms to quantify and disclose the likely costs and benefits derived from climate change. “Increasingly, investors […]
Delegates from 190 countries plus the European Commission have agreed to accelerate the freeze and phase-out of hydrochlorofluorocarbons (HCFCs), chemicals that were used to replace the more ozone-damaging chlorofluorocarbons (CFCs). The decision, made at the 19th Meeting of the Parties to the Montreal Protocol, follows mounting evidence that HCFCs contribute to global warming.The agreement freezes […]
China could become the world’s top wind power market in three to five years but will grow faster if it reforms its subsidy system, executives of major wind turbine maker Vestas said on Friday.Currently the world’s number two consumer of oil and top producer of coal, Beijing is keen to boost the amount of energy […]
Beijing authorities switched off the landscape lights and flood lamps at Wangfujing, the busiest commercial street in the Chinese capital, for 30 minutes Sunday night, in the hope of raising the public awareness of saving energy. The lamps along the 810-meter-long street and indoor lights were not shut off during the blackout so people could […]
In the politically motivated rush to replace gasoline with corn ethanol, we may be doing ourselves real economic harm. The government-supported push for ethanol will not only increase taxes and damage the environment, but will add to Americans’ burden of high fuel and food costs and especially hurt people on fixed incomes. And it will […]
The United States and other industrialized countries are concerned about oil’s diminishing reserves and all-time high prices; politicians are scrounging to find accessible oil to satiate our machines. From looking into Alaska’s protected lands and conceivably inciting warfare for the sake of oil, the United States has joined other world powers in the mission to […]
The Chinese Academy of Sciences (CAS) has set out a strategic plan for the development of China’s energy industry until 2050. The plan proposes three steps. The first is to develop energy-saving technology and master techniques in the collection, storage and utilization of carbon dioxide by 2020.From 2021 to 2030, the focus will be on […]
Venezuela, the fourth-biggest supplier of crude oil to the United States, will expand its petrochemicals industry during the next five years, lifting annual revenue to $100 billion, President Hugo Chavez said. By 2013, the industry will have created 700,000 jobs, 10 times the number employed at state oil company Petroleos de Venezuela SA, requiring $20 […]
…One aspect of Kunstler’s work, and the one where he is on strongest ground, is the argument that the coming explosion in crude oil prices, as we pass peak oil and start descending down from the peak, is the end of Suburbia. Of course, one reason I was so quickly persuaded by this argument is […]
WASHINGTON – Climate scientist Michael Mann runs down the list of bad global warming news: The world is spewing greenhouse gases at a faster rate. Summer Arctic sea ice is at record lows. The ice sheets in Greenland and West Antarctica are melting quicker than expected. Is he the doomsayer global warming skeptics have called […]
To understand Venezuela today, you have to understand Venezuela B.C. It is that rancid economic and political landscape that forms the backdrop to Chavez’s rise. And it is masterfuly charted
(Bloomberg) — ConocoPhillips, the second- largest U.S. refiner, said a malfunction necessitated flaring yesterday at its plant in Borger, Texas. The refinery burned off about 500 pounds (227 kilograms) of sulfur dioxide for one hour, ending at 4:38 p.m. local time, according to a company report on the Texas Commission on Environmental Quality Web site. […]
BAGHDAD: An internal pipeline carrying crude oil to a Baghdad refinery was ruptured in a bomb attack by insurgents, police said on Sunday, the second attack on a pipeline in Iraq in five days. Police said the pipeline connecting Baiji, 180 kilometre north of Baghdad, to the Doura refinery in the capital was hit by […]
(Bloomberg) — South Korean refiners may reduce gasoil exports by 3 percent next month because of refinery maintenance at S-Oil Corp., officials at the companies said. The refiners, including SK Energy Co., GS Caltex Corp. and Hyundai Oilbank Co., will export at most 8.7 million barrels in October, the officials said. The refiners planned to […]
NEW ORLEANS — About 46 percent of the Gulf of Mexico’s daily oil production was still shut off Sunday even though a short-lived tropical depression that caused platform evacuations had long dissipated. The federal Minerals Management Service said that personnel are off 25 of the 834 staffed production platforms in the Gulf, while two of […]
Recently, in this column, I said this, The just-released study commissioned by the CEA and conducted by TIAX LLC of Cambridge, Massachusetts, shows that using electronics to telecommute saves the equivalent of 9 to 14 billion kilowatt-hours of electricity per year
If the summer’s crop of drought and wildfire headlines threatened to send you sliding into a sweaty, globally warmed pit of despair, you’ll find the words of David Orr inspiring, albeit in a tough-love kind of way. According to Orr, a pioneer in ecological design and Paul Sears Distinguished Professor and chair of the environmental […]
Riverside, Ia. – Tapping renewable sources of energy to replace oil is in the national security interest of the U.S. government and its people, former CIA director James Woolsey said Friday. Woolsey, a lawyer specializing in energy for the Booz Allen Hamilton firm in McLean, Va., told the “Renewable on Parade” alternative energy conference that […]
“That’s silly,” former US Defense Secretary Donald Rumsfeld answered a member of the American media at a news conference at the Pentagon before the war, at the beginning of 2003. The reporter had asked Rumsfeld if the reason for the war against Iraq was US control over oil. However, it now appears that the issue […]
Ultimately, rising seas will likely swamp the first American settlement in Jamestown, Va., as well as the Florida launch pad that sent the first American into orbit, many climate scientists are predicting. In about a century, some of the places that make America what it is may be slowly erased.Global warming
ELECTRIC cars are the future. That, at least, is the message automakers are sending to consumers as they trumpet big plans for cars that can bypass the gas pump. Of course, backers of electric vehicles, or E.V.But with a gallon of premium gas topping $3 on average, and as carmakers and entrepreneurs pour money into […]
Argentina has reacted furiously to plans by Britain to lay claim to vast new tracts of potentially oil and gas-rich territories in the seas off the Falklands. In a move likely to add new heat to the long-running diplomatic dispute, British officials are preparing to submit a bid to the United Nations to prove that […]
BRECKENRIDGE, Colo. The sprawl and population growth has meant that Coloradans, who drove 22 million miles a year in 1980, now drive 47 million miles. That is projected to increase by 59 percent by the year 2030. By comparison, a recent blue ribbon panel report concludes that adopting stricter California-level emission standards for cars and […]
Australia’s Defence Minister, Brendan Nelson, is not the sharpest tool in the box, so people were not really surprised in July when he blurted out that the real motive for invading Iraq was oil. “Obviously the Middle East itself, not only Iraq but the entire region, is an important supplier of energy, oil in particular, […]
TEHRAN -(Dow Jones)- A senior Iranian oil official said Sunday that market fundamentals won’t support crude oil prices to record levels above $80 a barrel in the coming months due to the phenomenon of backwardation. Backwardation is when current prices exceed future ones and thus encourage refineries to consume their reserves with the idea of […]
The CO2 from fossil fuels lingers in the atmosphere, so global warming can’t be undone. But catastrophe can still be averted. …Everyone involved knows what the basic outlines of a deal that could avert catastrophe would look like: rapid, sustained, and dramatic cuts in emissions by the technologically advanced countries, coupled with large-scale technology transfer […]
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