China and its Role in the Oil Price Rise

There are a number of reasons behind the rapid increase in oil prices. Some people say that the reason is OPEC members’ failure to take the initiative to raise production to achieve the required balance between supply and demand in international markets. In fact, there is no actual shortfall in markets; the current anxiety is […]

Power Revolution

Thanks to Silicon Valley’s money and ideas, solar and other alternative technologies may finally pay off The high-rolling risk takers who brought you personal computing, the telecommunications revolution, the commercialization of the Internet, and, of course, Google now aim to do nothing less than save planet Earth This grand goal is not remotely in sight, […]

High oil prices hit Chinese petrol stations

Fuel shortages were reported at petrol stations throughout China Sunday as the cost of oil on the domestic market lagged behind record global prices, prompting refiners to slow deliveries. Petrol stations were temporarily closed or refusing to sell petrol and diesel in Shanghai, the southern provinces of Guangdong and Fujian and in the central and […]

India: Export of perishables to be suspended from midnight

Thiruvananthapuram: Export of fresh fruits and vegetables to various destinations in West Asia from the three airports in the State will come to a standstill from midnight on Friday. The exporters based in Thiruvananthapuram, Kochi, and Karipur airports have resorted to this step in view of the severe financial crisis faced by them due to […]

Oil price ‘grounds’ N Korea fleet

North Korea has been forced to ground a fleet of Soviet-era military planes because of the high oil price, South Korea’s Yonhap news agency reported. Fuel is being diverted for other training flights, Yonhap quoted a military source as saying. The Antonov An-2 biplanes – of which North Korea’s air force is thought to have […]

Arctic oil, gas offer challenge, potential

I’ve been fascinated with the notion of huge undiscovered oil and gas resources in the world’s Arctic regions that may become assessable as the polar ice pack shrinks. This is important for those of us who worry about “peak oil,” the theory that the world will soon reach the peak of oil that can be […]

Human-Generated Ozone Could Cut Global Crop Yields by 40% by 2100

An MIT study concludes that increasing levels of tropospheric ozone due to the growing use of fossil fuels under a business-as-usual scenario could cut global crop yields by nearly 40% worldwide by 2100, forcing a greater global allocation of land to agriculture. Published in the journal Energy Policy, the study focuses on the affect of […]

Russia has enough uranium for nuclear power plants – minister

Russia’s natural resources minister said Thursday Russia will have sufficient uranium reserves for the construction of new nuclear power plants in the country. Last week Russian First Deputy Prime Minister Sergei Ivanov said the construction of nuclear power plants was one of the top priorities for the Russian nuclear energy system, adding that Russian specialists […]

Caribbean nations grapple with biofuel issues

The Caribbean, which includes the Dominican Republic and Central America, offers examples of the uncertainty many regions face in the global energy grid. If those regions have the resources, they have to ask whether biofuels are worth the investment. “The other question is, ‘Do I want to produce ethanol for the domestic market, or do […]

Europe pursues biofuel creativity

Take elephant dung and wheat straw, and a century-old Dutch distiller thinks it could have the motor fuel of the future. Royal Nedalco wants to make alcohol for fuel out of plant cellulose, the cheap and plentiful stuff that makes up crop residue, as well as wheat straw, wood and grasses. Nedalco officials say they’ve […]

China’s booming coal industry draws increasing interest from American investors

As China’s appetite for coal is booming, American investors and businesses are cashing in. American pension and mutual fund money is being invested in the Chinese coal industry, which is lucrative but has a poor record for pollution and worker safety.Look no further than China Shenhua Energy Co., the Beijing giant that produces about 170 […]

China to monitor government office buildings’ energy consumption

China will establish a nationwide system to monitor energy consumption of government office buildings and large public buildings, said a circular jointly issued by China’s Ministry of Construction and Ministry of Finance. A national networked monitoring platform will be established to monitor energy consumption of these buildings in real time. Meanwhile, energy consumption calculation, auditing, […]

India Inc turns to smart energy

A 65 watt power processor in a computer consumes about 234 KW power if it works for 12 hours a day for 300 days. If there are an estimated 15 million PCs in India, then it could result in consumption of 35.25 terra watts of power a year— which means a whopping 4,92,748,000 barrels of […]

Why predicting oil prices is a mug’s game

A few days ago Shaikh Yamani gave a rare interview to the BBC. In it the former Saudi oil minister predicted that oil prices might peak at more than $100 a barrel, but in the long term they could just as easily drop back to the sort of low levels seen in the 1990s. This […]

‘Skyrocketing oil prices may derail economy’

Skyrocketing crude oil prices in the global market that touched an all-time high of $92 per barrel in the New York market on Friday due to rising US-Iran tension, pose a great concern to the economy of oil-dependent countries like Pakistan in near future. Economists, while expressing their opinion to Daily Times, were in unison […]

The Trouble with Crude Oil

The U.S. needs a decisive federal strategy on energy, with greater research, ConocoPhillips CEO James Mulva says Fretting about climate change, calling for conservation, and making fuel from animal fatsTo ensure U.S. oil companies can compete, Mulva says, Washington must step forward with a robust new policy (BusinessWeek.com, 6/28/07) that guides energy production and consumption. […]

Why Kuwait wants to shift to heavy oil

KUWAIT: Last week, Kuwait announced its plans to shift into heavy oil production during an international oil conference to meet its 2020 target of producing 4 million barrels per day (bpd). Kuwait has traditionally produced and exported mainly medium to light crude since the 1950s. Now KOC is pushing for more involvement of international oil […]

Ban on leaded petrol ‘has cut crime rates around the world’

Banning lead in petrol is responsible for declining crime rates in Britain, the United States and other countries, startling new research suggests. The astonishing conclusion threatens to overturn current thinking on crime and punishment. And it could undermine the reputations of leading politicians, including Rudy Giuliani, the frontrunning Republican presidential candidate, who is basing much […]

The Power of Petroleum

Record prices have made oil nations much more confident and less dependent on traditional powers. Record-high oil prices have dramatically shifted the balance of global power. At nearly $90 a barrel, oil is more than a crucial energy source, it’s a strategic commodity of central importance. The $30 per barrel rise in crude prices since […]

Why BP is cutting back in Aberdeen as oil prices soar

…Deeper reasons lie behind the cutbacks, however, and BP’s economies may just be the first of others by competitors. It is no secret that the North Sea fields are running out. Of the six BP-operated fields there, all but two – Rhum and Clair – started producing in the 1980s and 1990s. And two – […]

Venezuela: The petro-state threatens to put paid to the Socialist dream

The shine of the black gold aggravates the failures of an oil-dependent economy For Hugo Chavez, the U.S. “empire” and the “consumerist values” are the two greatest enemies of his attempt to guide masses to the paradise of the 21st century Socialism. But the Venezuelan petro-state, fueled by record oil prices, has become the big […]

Russia Pushes Oil Companies to Find More Oil in Eastern Siberia

On October 19 Russian Natural Resources Minister Yuri Trutnev reported to President Vladimir Putin on the progress of the Eastern Siberia-Pacific Ocean (ESPO) pipeline and pledged to crack down on energy companies found to be violating their license agreements. The use of natural resources in Russia is still regulated by legislation adopted in 1992, which […]

A sneak attack on humanity

A review of Cool It: The Skeptical Environmentalist’s Guide to Global Warming By Bjorn Lomborg Bjorn Lomborg is a Danish statistician and darling of those who believe that markets should not be regulated and that concerns about the environment are overblown. He is articulate, certain in his opinions and well informed on the statistical minutiae […]

Inhofe vows to block emission limits

With the Senate committee he once led now working on a bill to attack global warming, Sen. Jim Inhofe on Friday vowed again to block legislation that would set mandatory limits on greenhouse gas emissions. Inhofe, R-Tulsa, the most vocal skeptic in Congress of the contention that human activity is causing the warming, gave a […]

For a Devotee of Solar Energy, a Shot at Earning Respect

TACOMA, Wash. That would be the meter attached to Mr. Thompson

UN Expert Seeks to Halt Biofuel Output

UNITED NATIONS – A U.N. expert on Friday called the growing practice of converting food crops into biofuel “a crime against humanity,” saying it is creating food shortages and price jumps that cause millions of poor people to go hungry. Jean Ziegler, who has been the United Nations’ independent expert on the right to food […]

Will pain at the pump lower consumption?

High price of oil habit The price of oil leapt past $90 a barrel Thursday but pump prices barely budged this week. If gasoline prices were to spike to record highs as well, would that finally be enough to get Americans to recast their oil-dependent lives?“It’s the old question: How much pain does it take […]

Oilsands in for helluva ride

Russia’s President Vladimir Putin, Iran’s rogue regime, George W. Bush and Mexico have more impact on the price of Canadian oil stocks than does Alberta Premier Ed Stelmach, who increased royalties yesterday. Welcome to the Brave New World where oil and gold prices trade in tandem on bad geopolitical news. Putin’s support for Iran and […]

Aging causes grey hairs at British Energy

British Energy’s fleet of gas-cooled reactors has caused the company trouble with the discovery of an aging issue that has caused four reactors to remain offline, and a separate issue that has worsened at another unit. During routine maintenance work, “an issue related to a wire winding” was identified in a boiler closure unit at […]

CLIMATE CHANGE: CO2 Levels Begin Accelerated Climb

Global warming has been compared to a slow-moving train wreck, in which the passengers are blissfully unaware of the coming catastrophe. With the shocking loss of the Arctic sea ice this summer and several new reports this week that oceans and tropical forests are now absorbing less of the world’s steadily rising carbon emissions, our […]

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