Less Arctic ice means higher risks, experts warn

The International Ice Charting Working Group predicts more marine transportation in the Arctic as sea ice continues to diminish and warns of “significant hazards to navigation,” according to a statement released yesterday. “The Arctic is already experiencing an increase in shipping, primarily for oil and gas development and tourism, and we can expect to see […]

Methane Bubbling From Arctic Lakes, Now And At End Of Last Ice Age

A team of scientists led by a researcher at the University of Alaska Fairbanks has identified a new likely source of a spike in atmospheric methane coming out of the North during the end of the last ice age. … … Walter and her colleagues traveled to Siberia and northern Alaska to examine lakes that […]

On the other side of the mountain

Is the British government doing enough to prepare for a future of diminishing oil production both internationally and in the North Sea? It seems a timely question as oil reached another record price of $92 yesterday, creeping closer to $100 a barrel. This week, German-based researchers claimed that global oil production peaked last year and […]

Gulf poised to delay monetary union, official says

JEDDAH, Saudi Arabia (Reuters) – Gulf Arab oil producers are likely to postpone a 2010 deadline for monetary union at a meeting of central bankers and finance ministers on Saturday, an official of the region’s economic bloc said. Investors are watching the meeting in the Saudi Red Sea port city of Jeddah for any signs […]

The Prophet of Climate Change: James Lovelock

One of the most eminent scientists of our time says that global warming is irreversible In Lovelock’s view, the scale of the catastrophe that awaits us will soon become obvious. By 2020, droughts and other extreme weather will be commonplace. By 2040, the Sahara will be moving into Europe, and Berlin will be as hot […]

World

Despite concerns about global warning, use of the cheap, black- burning fuel is expanding quickly in China. JUNGAR QI, China Coal is big, and getting bigger. As oil and natural gas prices soar, the world is relying ever more on the cheap, black-burning mainstay of the Industrial Revolution. Mining companies are racing into Africa. Workers […]

What Steven Landsburg doesn’t understand about climate change

In response to the recent announcement of the Nobel Peace Prize, Slate economist Steven Landsburg has written an ill-informed hit piece on Al Gore. “Save the Earth in Six Hard Questions: What Al Gore doesn’t understand about climate change” argues that “there’s nothing particularly peaceable about Gore’s rhetorical approach,” and that anyone who doesn’t talk […]

Iraq threatens to cut off oil if sanctions imposed

The speaker of Iraq’s Parliament has warned Turkey that his government would cut off the flow of oil from northern Iraq if Ankara followed through on its threat to level economic sanctions against the country. Mahmoud al-Mashhadani’s comments came on Thursday, a day after Turkey’s top leadership agreed to recommend that the government take economic […]

The Oil Drum: Avoiding Harmful Solutions to Our Climate and Energy Problems

Arguments for rapid action on global warming are often framed in terms of the precautionary principle: given the potentially catastrophic consequences of the problem, we’re better off taking action to prevent them, even if some uncertainty remains about just how bad they’ll be. But in thinking about the legislation and technologies intended to combat global […]

Iran says enough supply in oil market

TEHERAN – Iran

Chavez: Bush’s threats are to push oil prices up

Following execution of seven memoranda of intent between Algeria and Venezuela, President Hugo Chavez insisted that oil prices would climb to USD 100 per barrel. The Venezuelan ruler underscored that mounting oil prices are the result of the imperialist pressures. “If the United States continues to threaten or destabilize” oil exporting countries, then high prices […]

With Oil at Plus $90 Highs Where is the Outrage of the Press!?

It is quite incredible to me, with the price of oil at $90 a barrel plus, how benign the media has been in determining the cause these vertiginous levels. Banalities abound. Its China and India (this even though China’s oil imports have been the lowest in 20 months), it’s the dollar, its production constraints, its […]

‘Humanity’s very survival’ is at risk, says UN

The speed at which mankind has used the Earth

RPT Biofuel not feasible as alternative auto fuel in China – expert

The processing of gasoline and diesel from crops is not a realistic alternative for China’s growing fleet of cars, said Professor Ni Weidou, an energy expert at Beijing University. At a seminar at Tsinghua University, Ni said that 50 mln tons of grain – a tenth of China’s total output – would be required in […]

Oil and gas rich Gulf seeks alternative energy

With booming domestic demand for power, the hydrocarbon-rich Arabian Gulf countries are exploring the use of alternative and renewable energy resources – including coal, nuclear, solar, wind and hydrogen – says a leading industry expert.‘The vast majority of power generation projects in the Arabian Gulf are for power stations using conventional gas for their energy […]

Mexico’s Cantarell oil output recovers in Sept

Crude oil output from Mexico’s declining Cantarell offshore field recovered to 1.461 million barrels per day in September after a hurricane knocked down August production levels to 1.319 million bpd, the energy ministry reported on Friday. The figure, posted on the ministry’s Web site a few days after state-owned oil monopoly Pemex announced its overall […]

China rations diesel as record oil hits supplies

China is rationing diesel at pump stations in at least four booming coastal provinces in the widest-scale rationing seen since 2003, as red-hot global oil prices hit output at loss-making Chinese refiners. With U.S. crude soaring to new highs above $92 a barrel on Friday, the supply squeeze is a telling sign that high oil […]

Lower oil production blamed for Royal Dutch Shell profits fall

Royal Dutch Shell yesterday blamed lower oil production, weaker refining margins and higher costs for a fall in third quarter profits. The company said that earnings on a current cost of supply basis – which strips out changes in the value of fuel inventories – fell from $6.9bn to $6.4bn.helped by higher earnings from insurance […]

Deeper, rougher, further – in search of the last North Sea oil

Britain is in the autumn of its North sea era. “The oil we’re getting from the North Sea is in decline,” says the energy minister, Malcolm Wicks. “A lot of it is getting more difficult to recover. Some of the big companies have gone away. In the last few years, our oil production has fallen […]

Petrol price to hit record as oil-shortage fears bite

Petrol prices are set to hit record highs next week after escalating fears of a global oil shortage this winter pushed the price of US crude above $92 a barrel. At one point yesterday US light crude spiralled to $92.22 as world markets reacted to the US Government Unleaded is averaging 98.39p, just a fraction […]

Should Scientists Embrace Economic Growth?

The assumption of continuous economic growth lurks behind most scientific endeavors. Should scientists embrace this growth which is often presented as a panacea for the relief of poverty, the stability of society and even the improvement of the environment? Or is unbridled growth increasingly undermining these important aims? Many scientists find their work financed by […]

U.S. Strategy With Iran and OPEC to Push Oil Above $100

Crude oil market analysts are currently keeping an eye on the global reactions regarding the U.S. sanctions put on Iran. The Bush Administration has kept its promise that the Tehran regime will be confronted by increased financial and economic sanctions if it does not comply with international requests to end its nuclear program. First reactions […]

The age of salvage societies

It There are any number of problems with this easy assumption, but the one I

South Africa coal at Saudi level of oil equivalent

South Africa has as many barrels of oil equivalent in its coal reserves as Saudi Arabia has in its oil reserves, says Sasol CEO Pat Davies. South Africa thus has an opportunity to convert more of its coal into petrol, diesel and jet fuel, as is currently being done at a rate of 150 000 […]

GE hopes to cut mercury in ‘green’ light bulbs

NISKAYUNA, New York (Reuters) – General Electric Co is working to cut the amount of mercury in energy-saving fluorescent lightbulbs which have soared in popularity. Residents and businesses are buying up compact fluorescent lightbulbs (CFLs) because they reduce power bills as well as emissions of carbon dioxide, the main gas blamed for global warming. CFLs […]

Peak Oil

Is the world running out of oil? Though almost no one expects the black stuff to literally stop coming out of the ground anytime soon, some suggest that oil production, having trended upwards for the past century, will soon reach a year of maximum production Most discussions of peak oil trace the concept back to […]

Heating-oil price shock sets in

Mike Adams is so tired of answering telephone calls about heating oil prices, he’s ready to lock the phone in a drawer. “People are panicking. They’re calling every other day, every day,” said Adams, owner of Adams Petroleum in Emsworth, a family business that’s been delivering heating oil for nearly 75 years. “They ask me, […]

Is Alberta out of step with the world?

OTTAWA Some have been eye-catching grabs, such as the one made by Hugo Chavez of Venezuela, whose government took majority control of all major oil projects earlier this year. Others, lacking a showy front man like Mr. Chavez, have quietly boosted the public share. The long list of countries stretches from Britain to China and […]

Production of biofuels ‘is a crime’

A UN expert yesterday called the growing practice of turning crops into biofuel “a crime against humanity” because it has created food shortages and sent food prices soaring, leaving millions of poor people hungry. Jean Ziegler, who has been the UN’s independent expert on the right to food since the position was established in 2000, […]

We must bomb Iran, says US Republican guru

A senior foreign policy adviser to the Republican frontrunner Rudy Giuliani has urged that Iran be bombed using cruise missiles and “bunker busters” to set back Teheran “None of the alternatives to military action – negotiations, sanctions, provoking an internal insurrection – can possibly work,” said Mr Podhoretz. “They

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