Exxon says film may lead to car battery like laptop’s

Exxon Mobil Corp. believes it has found an answer to a problem that has bedeviled the auto industry in recent years: using rechargeable lithium-ion batteries, like those found in cell phones and laptops, to power cars and trucks. This weekend, at a conference in Anaheim, Calif., Exxon Mobil will unveil a super-thin plastic sheeting the […]

China: NDRC cracks down on fuel hoarding and illegal price hikes

Shanghai – China’s National Development and Reform Commission (NDRC) announced today that six service stations around the country were found to have engaged in oil hoarding and sold fuel at illegally inflated retail prices, demonstrating the government’s latest attempts to manage the current diesel crisis. The NDRC said that six gas stations in the provinces […]

Peak oil activists gather, plan for hard times, will lead the way

YELLOW SPRINGS, OHIO

The Oil Drum: The EROI on supplying fuel

You are a farmer in the less populated parts of the country, and you drive over to your local gas station, after noticing that you have less than three gallons of gas in your tank. You get there to find that the station has closed, and there is a note on the door that says […]

Ethanol Craze Cools As Doubts Multiply

Little over a year ago, ethanol was winning the hearts and wallets of both Main Street and Wall Street, with promises of greater U.S. energy independence, fewer greenhouse gases and help for the farm economy. Today, the corn-based biofuel is under siege. In the span of one growing season, ethanol has gone from panacea to […]

Australia: The party’s over and Liberals will soon be history

…The issue of the future, coming down on us now like a steam train, is of course the environment, the double hammer blows of climate change and peak oil. Energy, weather and human misery are the factors that will define our lives for decades to come. You can cancel your newspaper, those are the only […]

Chevron’s CEO: The price of oil

Love it or hate it, argues David O’Reilly in an interview with Fortune’s Geoff Colvin, the world is going to run on oil for several more decades. (Fortune Magazine) — Oil companies are blamed (unjustly) for high gas prices, loathed for profiting from them, and criticized for their environmental record. So it’s no wonder that […]

OPEC powers alarmed by oil price, but coy on policy

SINGAPORE (Reuters) – Top Gulf OPEC officials expressed alarm on Wednesday at oil prices threatening to top $100, but reiterated that markets were well supplied and steered clear of saying whether OPEC would raise output next week. The Organization of the Petroleum Exporting Countries (OPEC) is under mounting pressure from consumer nations to raise production […]

Australia: Quick shift required in foreign policy

Kevin Rudd takes office at a dangerous but exciting moment of fundamental challenges to the traditional national sovereignty-based international agenda. Foreign policy is about prioritisation of effort, assigning scarce Australian policy-making and diplomatic-practice resources to the highest priority needs. Three urgent issues require deft and speedy footwork by the new Labor government to bring Australian […]

Looking down from the peak

With gasoline prices just below the all-time national high of May 18, did some families have smaller reunions this Thanksgiving? Texas AAA said no but added, “Thanksgiving travelers are paying the highest prices ever for gasoline in … November.” And Trilby Lundberg of the Lundberg Survey remarked, “We can easily exceed that all-time high price […]

Analyzing peak oil and energy independence

What do Hugo Chavez in Venezuela, Mahmoud Ahmadinejad in Iran, Vladimir Putin in Russia and Umaru Yar’Adua in Nigeria all have in common? They dictate, tyrannize, browbeat, domineer and otherwise rule over regions that supply the world with an uncomfortably large percentage of energy. Add to that list the rulers of countries that could turn […]

Chinese tiger has nothing in tank

CHINA is running out of fuel. Police are guarding petrol stations in several inland provinces to prevent fights, as shortages of petrol and diesel are causing huge queues of trucks, buses and cars. In Kunming, capital of the southwestern province of Yunnan, 1000 trucks are stranded. A truck driver named Li told the Chuncheng Evening […]

The Frightening Idea of $100 Oil

Let’s talk about the somewhat — no, tremendously — daunting phenomenon that we’ll almost certainly be facing in the not-too-distant future: $100 per barrel of oil. We’re already in the 90s and trending upward. I well recall that, as an operative of Pennzoil Company — now part of Royal Dutch Shell (NYSE: RDS-A) (NYSE: RDS-B) […]

Google’s Goal: Renewable Energy Cheaper than Coal

Creates renewable energy R&D group and supports breakthrough technologies Mountain View, Calif. (November 27, 2007) Page added, “There has been tremendous work already on renewable energy. Technologies have been developed that can mature into industries capable of providing electricity cheaper than coal. Solar thermal technology, for example, provides a very plausible path to providing renewable […]

Smarter energy storage for solar and wind power

Development of the first hybrid battery suitable for storing electricity from renewable energy sources such as solar and wind is now a step closer. The Smart Storage technology is a hybrid battery which combines an asymmetric It is expected that the discharge and charge power of the Smart Storage battery will be 50 per cent […]

$100 oil and the ‘S’ word

Is it growing demand and tight supply, or merely rampant speculation that has pushed crude to record highs? NEW YORK (CNNMoney.com) — Greed is driving oil prices to $100 a barrel. That’s a common feeling among the general public, which sees record profits for oil companies and investment banks while they shell out over $3 […]

Oil Trouble: How high can the price of a barrel of crude go?

The last time oil prices were this high was more than a quarter-century ago. Then, too, the Middle East was aflame. Following the 1979 overthrow of the shah of Iran, revolutionaries had taken Americans hostage at the embassy in Tehran. U.S. forces later mounted a failed rescue mission, prompting worries of escalating conflict. Now tensions […]

Dim prospects that ‘energy efficient’ will pay off: CIBC

Improvements in efficiency have done little to reduce actual energy consumption, as consumers take advantage of those gains to drive bigger cars farther, or heat larger homes, CIBC World Markets Inc. economist Jeff Rubin says in a new report. In a study released today, Mr. Rubin described an Mr. Rubin noted that governments in the […]

OPEC Discusses 750,000 – Barrel – a – Day Output Increase

Nov. 27 (Bloomberg) — The Organization of Petroleum Exporting Countries is discussing a 750,000-barrel-a-day increase in production because of concerns about the effect of oil prices on the U.S. economy, Dow Jones Newswires reported, citing an OPEC delegate it didn’t identify. There is “a lot of concern” about a possible U.S. recession with oil prices […]

Pemex begins dismantling damaged oil platform off Gulf coast

MEXICO CITY (AP) – Mexico’s state-run oil company has begun dismantling a damaged oil platform off the Gulf coast. Pemex decided to take down the platform because heat from near-constant fires have made it unstable. In a statement released yesterday, the company said engineers have successfully removed the platform’s drilling rig. Pemex says it hopes […]

Smart appliances learning to save power grid

It If you

China Deal Gives Lift to Revival of Fission

PARIS, Nov. 26 The reasons for skepticism are clear. In recent years, nuclear-powered countries

Robert Kiyosaki: Welcome to Turbulent Times

The Sunday, Sept. 30, edition of the New York Times featured two articles that should be cause for alarm. ….Both articles emphasized that oil and gasoline prices are causing unrest all over the world, even in oil-rich countries. Governments have had to choose between allowing prices to rise, as they did in Myanmar, or subsidize […]

Oil Falls More Than $3 on Increased Saudi Arabian Production

Nov. 27 (Bloomberg) — Crude oil fell more than $3 a barrel in New York after Saudi Arabia’s oil minister, Ali al-Naimi, said the country has increased production to the highest this year. Saudi Arabia, the biggest producer in the Organization of Petroleum Exporting Countries, is pumping 9 million barrels a day, al-Naimi said in […]

Localise and go organic to avert post-peak famine – Heinberg

Agriculture must localise and convert to organic production methods without delay if the world is to avoid famine, according to a leading thinker on peak oil. Richard Heinberg, author of The Party In an interview with lastoilshock.com, Heinberg argues that meat consumption will have to fall along with the human population, to ensure an adequate […]

North Dakota needs more fuel opportunity

…The testimony revealed that a combination of events came together — a rain/flood in Kansas, a refinery down for planned upgrades and essential maintenance of others created a shortage of product in the central area. Capacity is coming on line and the situation is easing, but supplies of gasoline are still tight and diesel is […]

Ford Chairman Says New Fuels Are Developing Too Slowly

The chairman of Ford Motor, William Clay Ford Jr., expressed frustration Tuesday night at the slow pace of alternative fuel development, saying industry leaders expected better progress by now. In a lecture at the School of Natural Resources and Environment at the University of Michigan, Mr. Ford also said he was concerned about congestion in […]

The Oil Drum: Application of the Dispersive Discovery Model

…Even though I don’t agree with the nitpicking approach of the auditors, they do provide peer review for strengthening one’s arguments and theories. I can only hope that this post on oil depletion modeling attracts the same ferocity from the peak oil deniers out there. Unfortunately, we don’t have a complementary “oil depletion audit” site […]

Harrop: gasping at gas

…The faulty forecasts, Groppe says, reflect a reliance on the flawed work of the International Energy Agency. His group gathers its own data. For example, the IEA last year forecast a major rise in production by nations outside of the Organization of Petroleum Exporting Countries. The actual increase was tiny. “The Saudis made a mistake […]

Fuel quest may create food crisis

THE world is in danger of running out of basic foodstuffs, according to a leading Australian economist. The shortage will create further dramatic price rises in essential grains such as wheat and corn, accompanied by a tightening of supply, says ABN Amro Morgans chief economist Michael Knox. Mr Knox blames much of the supply and […]

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