Boone

Boone may be right. The point of maximum oil production known as The study from Energy Watch Group stated that by 2030, global availability of oil will stand at half of its current production

Winter on the Way, Europeans Worry Russia Could Shut Off the Gas

Winter is coming to Europe, and across this continent of half a billion people, citizens are turning on their heating. Every radiator turned on in the European Union is a reminder of this fact: one quarter of the EU’s gas needs are supplied by one foreign company alone: Russia’s state-controlled Gazprom. The Pew Research Center […]

Peak Oil Passnotes: Fractured Markets

Another week, another record. As you will no doubt have seen, the Nymex crude oil price for delivery to Cushing jumped to more than $92 per barrel this week. We are now being told that this figure is near the What we have instead is a series of financial instruments that back up basic right […]

Impacts of Climate Change on Infrastructure: Gulf Coast Study

From p. 26: Rising relative sea levels From the Abstract: The U.S. transportation network

Here comes $100 oil, and $3 gas

With crude setting new highs every day, experts say there no way motorists won’t see a spike at the pump. NEW YORK (CNNMoney.com) — With oil prices setting records over $90 a barrel and $100 looking ever more likely, experts say there’s a good chance drivers will see $3 gasoline before the end of the […]

Oil bigger threat than climate change in 10 years

LONDON (Reuters) – Rising oil prices are a bigger threat to the world economy than climate change in the next 10 years – that was the surprising verdict of company executives from carbon trading, fuel cell, oil exploration and solar power firms who attended the Reuters Smaller Companies Forum. But climate change is likely to […]

Iraq oil flows to Turkey despite threats and attacks

DUBAI (Reuters) – Oil keeps flowing from Iraq to Turkey through a pipeline skirting Iraq’s Kurdish region despite threats to infrastructure from Kurdish rebels and insurgent sabotage attacks further south, an oil shipper said on Thursday. Iraq was pumping around 400,000 barrels per day of Kirkuk crude to Turkey on Thursday for the seventh consecutive […]

Oil CEO Calls for Energy Security Plan

WASHINGTON – The U.S. risks losing its competitive edge in a global economy if it does not soon address the country’s energy needs, climate change and foreign policy in a comprehensive way, the chief executive of Marathon Oil said Friday. Clarence P. Cazalot Jr., president and CEO of Marathon Oil Corp., said that as worldwide […]

Chavez blames US foreign policy for soaring oil prices

Venezuelan President Hugo Chavez said U.S. foreign policy is in part responsible for soaring oil prices and predicted that crude will continue its upward spiral rapidly closing in on the 100 US dollars per barrel benchmark. “Oil is headed for 100 US dollars” Chavez said. “And if the United States keeps threatening oil-producing countries or […]

The Fuzzy Math of Eco-Accolades

Plaudits for lower emissions don’t mean they’ve been cut On Feb. 2 a panel of climate experts convened in a modern U.N. building in Paris to deliver the latest dire news about greenhouse gases. Across town the World Wildlife Fund held a press conference to praise three large corporations as “climate savers.” Sony (SNE ), […]

Too much hot air

The hullabaloo over global warming has obscured more immediate environmental threats In 1970, my father, Bob, then the Mediterranean correspondent for The Toronto Star, covered a funny little conference in Rome organized by the Food and Agriculture Organization of the United Nations (FAO). It was the year of the first Earth Day, and the topic […]

Hydrogen future not just hot air

The scene at lunch was a little different. On one side of the table were Donald Moore and Robert Chapman, two 75-year-old engineers trained in Alberta who have been living and working in central Canada for many years. On the other side was an Australian, whose effect was to lower the average age of the […]

Item in War Request Stokes Fears of Iran Strike

Some Democrats are worried that President BushA White House summary accompanying the supplemental spending proposal said the request for money to modify

Brussels and US deal will bring huge expansion in biodiesel

The EU and America are expected to agree early next month international standards for trading biofuels that could see a huge expansion in the global market for alternative sources of power such as jatropha, senior US diplomats said yesterday. C Boyden Gray, US ambassador to the EU, said he expects the two sides to signal […]

Iran threatens ‘decisive strike’ if US attacks

Iran has threatened to hit back with an “even more decisive strike” if the US bombs its nuclear installations, as international tensions rise following Washington’s imposition of sanctions against Teheran. The head of the Revolutionary Guards – the elite Iranian force designated a “proliferator of weapons of mass destruction” yesterday – dismissed talk of US […]

How secure are Middle East oil supplies?

High oil prices, threats of terrorist attacks, instability in many oil-exporting countries and the rise in so-called High oil prices, threats of terrorist attacks, instability in many oil-exporting countries and the rise in so-called

Analysis: Turkey-Iraq spat may hit energy

WASHINGTON, Oct. 26 (UPI) — As Washington, Baghdad and Ankara intensively seek a last-minute diplomatic solution to Turkey’s intention to invade Iraqi Kurdistan to deal a decisive blow to Kurdistan Workers Party guerrillas, the ominous consequences of an invasion are becoming clearer. While a Turkish military operation carries the possibility of inflaming the one remaining […]

Cement Industry Is at Center of Climate Change Debate

PARIS, Oct. 23 But making cement means making pollution, in the form of carbon dioxide emissions. Cement plants account for 5 percent of global emissions of carbon dioxide, the main cause of global warming. Cement has no viable recycling potential; each new road, each new building needs new cement. Now, green incentives may be increasing […]

White House defends ‘health benefits’ of climate change

WASHINGTON (AFP) – The White House on Thursday defended its prediction that climate change would bring some “health benefits” to humans, a forecast unlikely to endear it to critics of the US environmental record. But a document cited to buttress the claim also warned that the advantages would be “outweighed by the negative health effects […]

Alberta royalty grab stuns oil industry

CALGARY AND EDMONTON Starting in 2009, royalty rates will be increased across the board

EU’s Piebalgs Says Renewable Energy Goal Final

The European Union’s energy chief pleaded for unity on Wednesday over the bloc’s goals to increase renewable energy production and said there would be no going back on an ambitious target already agreed by EU leaders. The EU agreed in March to get 20 percent of its energy from wind, solar and other renewable sources […]

Crude Realities: Oil Production and Politics

You probably use oil in one way or another every day of your life: powering your car, heating your house and even manufacturing all the plastic around you. It has also been a source of war, made millions for some and ruined the lives of others. Here is a look at some major oil infrastructure […]

Germany seen missing CO2 target due to coal

Germany has no chance of achieving its reduced CO2 emissions’ targets if it keeps building coal-burning power plants, an environmental group said on Thursday. Deutsche Umwelthilfe studied the impact of new plants on Chancellor Angela Merkel’s government’s CO2 targets and said it should either abandon the new plants or scrap plans to cut CO2 emissions […]

Australia: Diesel shortages hit ambulance service

Some service stations and bulk fuel suppliers in north-west Victoria have run out of diesel because of a problem with supplies from the Altona Mobil refinery. Low supplies have forced the abandonment of some ambulance services in Swan Hill and Morwell in south-east Victoria. Distributors have had problems sourcing diesel for the past 10 days, […]

Russia grants StatoilHydro a stake in giant natural gas project

Gazprom on Thursday signed a deal with StatoilHydro of Norway to develop the Shtokman natural gas field, dashing the hopes of U.S. energy companies of getting a stake in the giant Arctic project. Under the deal, StatoilHydro was to get a 24 percent stake in the field’s operating company, joining Total of France, which in […]

The Oil Drum: USA 2034: A Look Back at the 25th Anniversary Year

After an extended period of bewildering, painful and rewarding transition, the people of the USA finally feel that they have found their feet underneath them, with a clear and hopeful path to the future. Oil consumption is down to 6.6 million barrels/day, 30% of our 2007 peak oil use, and CO2 emissions are 26% of […]

Nuclear Power to Explode in India, but China Prefers Coal

To curb greenhouse gas emissions, India is poised to dramatically increase its reliance on nuclear energy — but there’ll be no overall benefit to the planet if China’s coal binge continues. A new report by the International Atomic Energy Agency forecasts India will increase nuclear production eight-fold by 2030 to account for 26 percent of […]

Strike on Iran Would Roil Oil Markets, Experts Say

A U.S. military strike against Iran would have dire consequences in petroleum markets, say a variety of oil industry experts, many of whom think the prospect of pandemonium in those markets makes U.S. military action unlikely despite escalating economic sanctions imposed by the Bush administration. The small amount of excess oil production capacity worldwide would […]

9 Things That’ll Happen When We Run out of Oil

A Glimpse into a Post-Peak Oil World Once again, oil prices have proved they will not drop quietly into the winter. This afternoon, I quickly glanced at the television to check up on oil prices. After all, yesterday they were hovering around $85 a barrel. For a minute, I thought this was a sign that […]

Arguments on Sustainable Oil Supply Gone Haywire

With conflicting and contradictory signals all around, the blame game has already begun. Global dependence on Middle Eastern oil is being questioned once again. While many in OPEC feel it could not do much to restrain the bull, and tame a market, they say, defies logic, many others seem to differ. Most OPEC oil ministers […]

« Previous Page — Next Page »

LATEST NEWS HEADLINES

• Why the IEA is Wrong About Peak Oil Demand
• Did we inadvertently speed global warming?  
• Venezuela’s Oil Monopoly Eases
• Why Germany is Choosing Natural Gas Over Nuclear Power
• U.S. coal-fired electricity generation decreased in 2022 and 2023

• America Cracks Down on Methane Emissions from Oil and Gas Facilities
• Meet America’s Newest Oil Trader Extraordinaire: Joe Biden
• Is It Time To Refill America’s Strategic Petroleum Reserve?
• Oil prices set to end year 10% lower as demand concerns snap winning streak
• What’s Driving America’s New Oil and Gas Boom?
• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy