Analysis: U.S. puts Kurds on terror list

WASHINGTON, Jan. 21 (UPI) — The U.S. National Counter-Terrorism Center says it was a mistake to include the symbol of the Patriotic Union of Kurdistan — the political party headed by Iraqi President Jalal Talabani — on a list of “terrorist logos” that police should be on the lookout for during traffic stops and other […]

Peak Oil debate is now over, is ‘Peak Capital’ next?

The debate over Peak Oil is largely over, even if there is no firm consensus whether the world has already reached the point of diminishing oil production in 2007, 2008 or shortly thereafter. The central thesis that we will soon produce less and less oil(and increasingly more expensively) in the coming decade(s) is now adopted […]

The Fallacy of Reversibility: Why Peak Oil Actually HELPS Industrial Agriculture

A sizeable faction of the people who think peak oil is important, and happening soon enough to care about, think it has big implications for agriculture. And most of them agree on what those implications are: as a society, we are going to have to give up the big combine harvesters, the thunderous power of […]

U.S. sees nuclear energy as global alternative

ABU DHABI (Reuters) – Gulf Arab oil exporters and countries around the world should look into nuclear power as an alternative to hydrocarbons, U.S. Energy Secretary Sam Bodman said on Monday. “Nuclear power should be an alternative for Gulf countries and other countries around the world,” Bodman said in the United Arab Emirates during a […]

Kunstler: Fullblown Panic

Knees knocked last week from sea to shining sea as the shape-shifting monster of economic reality cut a swathe of destruction through the markets and financial ranks. The exact nature of this giant beast still remained largely concealed in a fog of accounting gambits, policy blusters, and reporting dodges, but a few intrepid scouts who […]

UK: Fury as fuel poverty soars close to a 10-year record

One in six British households is living in fuel poverty, the highest for almost a decade, according to new figures that threaten the government’s target to eradicate the problem in England by the end of the decade. Fuel poverty is defined as when a household spends more than a tenth of its income on utility […]

How the coming home heating crisis could threaten the grid

…The crux of the matter is that North American natural gas production has been stuck on a plateau fluctuating between 26 and 27 trillion cubic feet of production annually since 1998. But, it’s not for lack of trying. From a low in early 1999 of 397 active gas drilling rigs in Canada and the United […]

Iraq Suspends North Oil Exports On Pipeline Repair – Official

Iraq has suspended crude oil exports from its northern oil fields due to a fault on the pipeline that carries crude from the Kirkuk oil fields to Turkey’s Ceyhan port, an Iraqi oil official said Monday. “The pipeline is shut down because there is a fault at one point of the line,” the official told […]

Oil falls below $89 as stock markets plunge

LONDON (Reuters) – Oil slid almost $2 to a six-week low below $89 a barrel on Monday, as stock markets plummeted and concerns mounted over an economic slow-down led by top consumer the United States. Stock markets across the world took a battering as anxiety spread that a fiscal stimulus plan proposed by U.S. President […]

US energy chief pleads for more Saudi, OPEC oil

ABU DHABI, Jan 21 (Reuters) – U.S. Energy Secretary Sam Bodman repeated his plea on Monday for more oil from top exporter Saudi Arabia, undaunted by OPEC’s cautious response to Washington’s request so far. Oil has fallen by more than 10 percent from a record high of $100.09 a barrel hit early this month, easing […]

Pipeline fire, tanker blast in southern Nigeria: sources

LAGOS (AFP) – A major oil pipeline belonging to Italian oil company Agip caught fire and a tanker truck exploded in separate incidents Monday in southern Nigeria, military and industry sources said. The oil pipeline at Omoku in Rivers state had been ruptured before it caught fire early Monday, the sources said. It was not […]

South Africa: Power Crisis Threatens to Sink Major Projects

Concern is growing that SA’s electricity crisis could tarnish its appeal to investors, after news that several new mining projects and a ferrochrome expansion project had been put on the back burner because Eskom lacked the power needed to run them. A R22bn aluminium smelter — the biggest foreign direct investment secured by the country […]

South Africa: Blackouts Result in the Bad and Bizarre

The rolling electricity black-outs continue to play havoc with the lives of Capetonians as going through robot intersections, doing the shopping or even pulling the car out the driveway has become a daily lottery. The latest round of load-shedding was implemented from Sunday and the Cape Argus has received numerous SMSes and phone calls from […]

Sun Rises Slowly on China’s Solar Energy Sector

Solar power equipment makers will have to wait another half-decade or so before China, one of the world’s fastest-growing but most polluted economies, becomes a major market for them alongside Europe. But many are already preparing.A bevy of US-listed Chinese firms such as SunTech Power and foreign players such as Applied Materials Inc are starting […]

Greenhouse Gases at New Peak in Sign of Asia Growth

Atmospheric levels of the main greenhouse gas have set another new peak in a sign of the industrial rise of Asian economies led by China, a senior scientist said on Saturday. “The levels already in January are higher than last year,” said Kim Holmen, research director of the Norwegian Polar Institute, during a visit to […]

Japan follows Europe by tapping offshore wind for power

Wind farms such as the Nunobiki Plateau Wind Farm on a hill north of Tokyo, which generates enough electricity to power some 35,000 homes a year, have failed to make a dent in Japan’s obligations to cut carbon gas emissions under the Kyoto Protocol. But Japan is now looking towards the sea, following in the […]

Malaysia: Tough year ahead

Prices of crude oil and of agricultural commodities have soared, leading to higher international prices for petrol, cooking oil, bread, corn and even rice. Prices for almost all of these products are controlled by the Government, a legacy structure from many years back. It worked well when prices of food commodities were less volatile and […]

Middle East oil producers urged to go high-tech

The Middle East oil and gas producers could substantially boost production and reserves through investment in technologies designed to ‘digitise’ oilfields. According to BP subsurface manager in Abu Dhabi Peter Roberts any incremental increase through such technologies could be substantial. “Sixty per cent of the world’s proven oil reserves are in the Middle East, amounting […]

UK: Call to abandon biofuels targets

The EU should abandon its biofuels targets because they are damaging the environment, a committee of MPs says. The Environmental Audit Committee says biofuels are ineffective at cutting greenhouse gases and can be expensive.The Environmental Audit Committee says the UK government and the EU have been “misguided” in prioritising biofuel for road transport when it […]

Royal Society issues biofuel warning

Britain’s august scientific academy, the Royal Society, has called for better research and policy development on biofuels to ensure they make a positive rather than damaging contribution to the fight against global warming. The Society has published a 90-page report, ‘Sustainable biofuels: prospects and challenges’, acknowledges the potential value of biofuels to displace the use […]

China: Biodiesel projects to solve energy shortage

Nearly 7,000 hectares of biodiesel forest will take shape in the northern province of Hebei this year, part of a national campaign to fuel the fast growing economy in a green way. In no more than five years, the Pistacia chinensis Bunge, whose seeds have an oil content of up to 40 percent, will yield […]

Peak oil: Why is it so difficult to explain/understand?

After several years of partial success in explaining the physics-based phenomenon sometimes known as For others, the difficulty with Peak Oil might be a subconscious one. Theories such as

Seeking Ways to Help the World

Participants are being sought for the second International Development Design Summit, which will be held next summer at the Massachusetts Institute of Technology. The first such workshop, which I wrote about last year, saw 40 students, engineers, farmers, professors and others from 18 countries hunker down in groups to devise simple, affordable ways to clean […]

China Sinopec says 2007 oil output up 2.27% year over year

HONG KONG, Jan 21 (Reuters) – Top Asian refiner Sinopec Corp said on Monday it had pumped 2.27 percent more oil in 2007 and refined 6.33 percent more crude, despite an expected loss at its refining arm in the second half of the year. That beat its target of 2.1 percent growth in oil production […]

Some say oil-gas bear some Katrina blame

Service canals dug to tap oil and natural gas dart everywhere through the black mangrove shrubs, bird rushes and golden marsh. From the air, they look like a Pac-Man maze superimposed on an estuarine landscape 10 times the size of Grand Canyon National Park. There are 10,000 miles of these oil canals. They fed America’s […]

India: Radio waves to track misuse of LPG

HYDERABAD: To curb misuse of domestic gas refills, oil majors are planning to use radio frequency identification (RFID) tags to track each and every LPG cylinder. This system is likely to come into force in the next two months in the city. The three oil public sector undertaking (PSUs) companies-Hindustan Petroleum Corporation Limited (HPCL), Bharat […]

Middle East tanker rates could drop as vessel supply increases

Oslo: The cost of shipping Middle East crude to Asia, the world’s busiest route for supertankers, may drop for a 17th day as the supply of carriers accumulates and oil companies cut cargo demand. Refineries ordering crude cargoes may be assuming a US recession will crimp fuel demand, and the volume of oil being ship-ped […]

The real saviors stand up

The oil producing countries, which have been accumulating mountains of cash in the last few years, are the real heroes and saviors of big financial houses. Two large financial institutions Citicorp and Merrill Lynch were saved by Arab oil countries and some rich Asian nations. Together Kuwait, Abu Dhabi, Singapore and South Korea contributed more […]

America’s energy future and the reality of $100-per-barrel crude oil

One of the greatest luxuries in the American way of life is the unlimited use of the automobile. Almost every household has one or more cars or other petroleum-driven vehicles which are necessary for our lifestyle and livelihood. No one would give up his or her car without suffering a great inconvenience and probably loss […]

Pakistan eyes free oil from Saudi

Islamabad, Jan. 20: Pakistan is trying to get a special facility from Saudi Arabia which will ensure availability of oil “free” or at concessional rates, official sources said. “We are trying to revive the Special Saudi Oil Facility (SOF) under which Pakistan was provided oil initially free of cost after the 1998 nuclear tests. The […]

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