The Oil Drum: Help Us List the Megaprojects

Last week, both Khebab’s piece and mine looked at apparent acceleration in base production decline rates. This occurs when you combine the increasing new capacity totaled by Petroleum Review’s megaproject reports against plateaued production. Although we began our analyses separately, we came to roughly the same conclusion. However, what is not clear is what this […]

Iran needs nuclear program for its future: Larijani

TEHRAN, Nov. 26 (ISNA)-Iran is in need of its nuclear program for the sake of future, said Iran’s former top nuclear negotiator Ali Larijani. “Those who refer to Iran’s oil and gas resources to prevent Iran’s nuclear progress are not far-sighted,” he added “we know how much is left from our oil and gas resources; […]

OPEC oil exports fall 340,000 bpd in H1 Nov – Lloyds

LONDON (Reuters) – OPEC seaborne oil exports, excluding Angola, fell 340,000 barrels per day (bpd) in the first half of November versus the last two weeks of October, crude oil loading data released by Lloyd’s Marine Intelligence Unit (LMIU) showed on Monday. The London-based consultancy said oil shipments from 11 OPEC members, including Iraq, averaged […]

Why China

Bloomberg reports that, Let

The heat was on

Re-reading the article I wrote for the November/ December 1988 issue of World Watch was startling- and discouraging. The article, titled “The Heat Is On,” was written just a few months after NASA scientist James Hansen testified before the U.S. Senate, reporting that for the first time there was clear scientific evidence of global warming- […]

Oil prices and responding to the strange lack of response

$100-a-barrel crude oil is no longer rhetoric but reality. Almost nothing is changing in the life of the consumer or in government policy, so it’s time to assess what the heck is going on. “What is going to happen?” is one worthy question. But it is time we take a break from manufactured distractions to […]

Energy expert Udall looks to the future

Fortunately, the longtime Carbondale resident is staying put and will remain a leading voice in the region on energy issues. Udall is in high demand as a speaker at energy conferences and with conservation groups because of his grasp of the changing picture on our fossil fuel lifestyle. Prior to joining CORE, Udall was a […]

Connecticut: Legislators want state to plan for oil shortage

A coalition of state lawmakers has issued a report that concludes Connecticut is “completely unprepared” for what experts are forecasting as a sharply constrained supply of oil in the world. “However, early intervention can and will mitigate the severity of impacts on the state and our people,” says the report from the Peak Oil Caucus […]

Oil output from Sakhalin-2 suspended for rest of year after severe weather

LONDON (MarketWatch) — Oil production at the OAO Gazprom -led Sakhalin-2 project was suspended last week for the rest of the year after severe weather conditions damaged a buoy, the Gazprom venture operating the project said Sunday. The project normally produces 80,000 barrels a day of oil, but the production has been interrupted earlier than […]

Laptev Sea Shelf in Arctic May Hold 3 Billion Barrels of Undiscovered Crude Oil

The Laptev Sea Shelf province, in the Arctic waters off of the Russian Federation, holds an estimated 3.07 billion barrels of crude oil in undiscovered resources, according to an assessment by the US Geological Survey (USGS) as part of its Circum-Arctic Oil and Gas Resource Appraisal (CARA). The Laptev region holds a total of 9.3 […]

Carbon Dioxide at Record High, Stoking Warming – WMO

Levels of carbon dioxide, the main greenhouse gas emitted by burning fossil fuels, hit a record high in the atmosphere in 2006, accelerating global warming, the World Meteorological Organization (WMO) said on Friday. But concentrations of methane, the number two heat-trapping gas, flattened out in a hint that Siberian permafrost is staying frozen despite some […]

Energy for growth and poverty reduction in developing nations

On the matter of energy as a catalyst for alleviating poverty, I will dwell briefly on issues facing developing countries, Sub-Saharan African countries in particular, and what I believe should be a global response to the energy and environmental crisis in that part of world. Countries in Sub-Saharan Africa currently are facing an energy and […]

Airlines struggle as oil hits new highs: Expansion plans curbed

The relentless increase in oil prices is prompting airlines to put a brake on grand expansion plans and further tighten their belts.With jet fuel prices on the Singapore spot market surpassing US$115 a barrel last week, the business environment for airlines is becoming more hostile, requiring the industry to radically rationalise operations in order to […]

German biofuel thirst pours out higher beer prices

Beer and oil may not mix, but in Germany there’s a direct link between hefty increases in the cost of a barrel of each. Just as the price of oil approaches the milestone $100-per-barrel mark, the beer industry in Germany is bracing for a 10 to 15 percent price increase early next year and as […]

Biofuel and diet sow seeds of farm crunch

Malthus may have been right after all, though two centuries early and a crank. Mankind is outrunning its food supplies. Hunger – if not yet famine – is a looming danger for a long list of countries that are both poor and heavily reliant on farm imports, according to the Food Outlook of the UN […]

Was It The Oil, All Along?

Take note of a compelling article in the London Review of Books late last month by Jim Holt entitled Both Holt and Engel prominently refer to a piece by U.S. intelligence expert Thomas Powers in the New York Review of Books back in September,

BP Broke State Law to Get Refinery Air Permit, Lawyers Say

Nov. 25 (Bloomberg) — BP Plc broke Texas’s “revolving door” law in 2003 by hiring a state environmental engineer to work on the same air-quality permit he’d supervised as a regulator, lawyers suing the company say. The permit, which governs BP’s Texas City, Texas, refinery, allowed the company to operate its largest refinery without replacing […]

Carbon price must rise in order to hit emissions target

Once reluctant for business to take on the burden of combating climate change, the CBI will give warning that the Government is likely to miss its target of cutting carbon emissions by 20 per cent by 2020, but could meet a later 2050 target. The CBI argues that the 2050 target, of cutting emissions by […]

Wind-fuelled ’supergrid’ offers clean power to Europe

An audacious proposal to build a 5,000-mile electricity supergrid, stretching from Siberia to Morocco and Egypt to Iceland, would slash Europe’s CO2 emissions by a quarter, scientists say. The scheme would make the use of renewable energy, particularly wind power, so reliable and cheap that it would replace fossil fuels on an unprecedented scale, serving […]

The horse: Is this the secret weapon to beat global warming?

The French are mounting a transport revolution led by the humble horse, using it in more than 70 towns to pull schoolbuses and to collect refuse They may previously have appreciated it more for its culinary value, but the French are discovering a new green form of transport: the humble horse. More than 70 French […]

Years of living dangerously: the wild, wild world

It’s not just your imagination, the weather really is getting worse. Why disasters are coming faster, and more furiously than ever. It has been unmistakable to the millions caught up in the biblical downpours that cut off an entire region of Mexico this year. Many Australians have been sufficiently convinced of it to change the […]

Hello Big Carbon, this is cowardly Kelly

Those worried by the current state of British politics will not be calmed by Ruth Kelly …The truth is that nobody yet knows how transport policy should respond to global warming. The government squanders billions on near-useless wind turbines, rendering Britain

OPEC And Producer States’ Policies

… The opening ceremony of the Third OPEC Summit was marked by two important speeches, clearly expressing two different schools and methods in the region. However, despite the fundamental differences between OPEC member states (the Saudi and Venezuelan oil ministers played a key role in establishing OPEC in 1960), the organization was able to overcome […]

Huckabee: America Enslaved to Saudi Oil

Washington (AP) – Republican presidential hopeful Mike Huckabee says America has become “enslaved” to oil from Saudi Arabia, muting its response to human rights issues in the Middle East country. Speaking on CNN’s “Late Edition,” Huckabee decried a recent Saudi court’s sentence of six months in jail and 200 lashes for a woman who was […]

Enbridge Sees Big Wind Farm Running in a Year

TORONTO – Enbridge Inc aims to have Canada’s second-biggest wind farm up and running in a year, a spokeswoman for the company said Friday, adding that project delays have caused “significant” cost overruns. “We thought we would have been producing power by the spring of 2007, but now the farm won’t be fully operational until […]

Marine scientists call for massive ocean study

OSLO “This is not pie in the sky … it can be done,” said Tony Haymet, director of the U.S. Scripps Institution of Oceanography and chairman of the Partnership for Observation of the Global Oceans (POGO). He told Reuters that a further $2-billion to $3-billion would roughly match amounts already invested in ocean research, excluding […]

Iranian navy denies closure of Hormuz Strait

TEHRAN, Nov 24 (KUNA) — Closing the Strait of Hormuz, a strategically important passageway for most of oil tankers worldwide, is not on the table of the Iranian navy, a senior Iranian officer said Saturday. “Closing the Strait of Hormuz is not listed on our agenda,” Commander of the Army Naval Force, Rear Admiral Habibollah […]

Report on the Implications of Peak Oil

… The op-ed that Bob Duff and I wrote for the Connecticut Post was preceded by a informational hearing of the Connecticut Legislative Peak Natural Gas Caucus (well its was written before the hearing and ran a week after). Since the November first hearing I have written and submitted to the legislative leaders and the […]

Demand, and high oil prices, are here to stay

The biggest news last week may be what didn’t happen. Crude oil futures didn’t hit $100 a barrel. I expected traders to push the price past the century mark before Thanksgiving. Instead, oil closed Friday at a record $98.18, and we now enter another week of speculation. Hundred-dollar oil is one of those psychological thresholds […]

What went wrong in offering Texans a choice?

Starting in the 1990s, 19 states took at least some steps toward rolling back electricity regulations that had stood for six decades. The idea was sold on promises that competition would lower prices. However, electricity rates went up in every case. In fact, while electricity prices have increased by a little more than 16 percent […]

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