Myanmar to liberalize fuel import

Myanmar is deliberating on liberalizing the import of fuel by allowing the private sector to undertake the business in a bid to increase production, the local weekly Myanmar Times reported in this week’s issue. Private business organizations are set to seek fuel import through the Trade Council, the country’s highest authority in charge of export […]

World Jan petrol prices mostly up, signs of easing

Global gasoline prices have mostly risen in January but some countries have seen signs they will ease into February as crude has fallen from its record highs and there is potential for a slowdown in demand, a Reuters survey showed. European countries saw petrol becoming more expensive, with UK prices hitting a record high. Prices […]

UK: Inquiry demand after third energy price rise

British Gas said yesterday it was raising gas and electricity prices by 15% with immediate effect, meaning most of its 16 million customers will pay around They say in other European countries recent price rises have been substantially less than the 15%-plus increases heaped on UK consumers – evidence that the UK market is not […]

Pipeline Cements Russia’s Hold on Europe’s Gas Supply

Russia strengthened its grip on Europe’s energy supplies on Friday as it signed a major gas deal with Bulgaria that analysts said would further undermine the European Union’s attempts to diversify its energy sources. Under the agreement, the $15 billion South Stream pipeline will be built under the Black Sea, allowing Russia to send natural […]

OPEC says higher oil output not needed

BERLIN, Jan 19 (Reuters) – OPEC currently sees no need for an increase in oil output but is analysing the market every day, the organisation’s Secretary General Abdullah al-Badri told German weekly magazine Der Spiegel in an interview. “We’re carefully analysing the market day in, day out. If we reach the conclusion the fundamental data […]

Oil Demand, the Climate and the Energy Ladder

Energy demand is expected to grow in coming decades. Jeroen van der Veer, 60, Royal Dutch Shell Q. What are the main findings of Shell

Texas is world’s seventh biggest polluter

A love affair with vast, gas-guzzling 4×4 vehicles and contempt for environmental activism has helped Texas become the world’s seventh biggest polluter. The challenge facing the green lobby in America is illustrated by the latest figures for the Lone Star state from the US Energy Information Administration. In 2003, Texas pumped 670 million metric tons […]

UK: Bank warns inflation spike could jeopardise interest rate cuts

Inflation is set to rise sharply, potentially jeopardising the chances of interest rate cuts, the deputy governor of the Bank of England warned yesterday. “We have seen big rises in the world prices of oil and food,” said Sir John Gieve. “That is being amplified in the UK by a fall in sterling and is […]

US Energy Secretary Bodman To Meet Saudi Oil Min Naimi Saturday

WASHINGTON -(Dow Jones)- U.S. Energy Secretary Samuel Bodman on Saturday will meet with Saudi Arabia oil minister Ali Naimi, the U.S. Department of Energy said Friday. Bodman, who began a several-country tour across the Middle East earlier this week, will continue to urge the world’s top crude supplier to invest in long- term petroleum production […]

Oil Release: Letting Go of The Age of Cheap Oil

oilrelease.com

Peak Oil Passnotes: CERA’s Silly Season

In the United Kingdom there is a time each year known as the They have placed their latest bit of anti peak oil

Mexico govt says closing in on energy reform deal

MEXICO CITY, Jan 17 (Reuters) – Mexico’s government is closing in on a deal with opposition lawmakers to overhaul energy laws, the new interior minister said on Thursday. “What we need to do is modernize the energy sector,” Interior Minister Juan Camilo Mourino told Mexican television. “The parties … have said they are ready to […]

Bumpy ride for biofuels

Behind Detroit’s sudden embrace of ethanol TWO technological trends, both unimaginable a year ago, dominated last week This summer, Honda will start leasing its clever fuel-cell car, the FCX Clarity. But judging from the limited numbers being made available and the steep $600-a-month leasing fee, the Clarity must be considered more a market-research exercise than […]

Gloomy outlook for oil disputed

…Production from deep-water fields declines at an average, annual rate of 18 percent a year, Cambridge Energy officials said, compared with 10 percent annually in shallow water and 6 percent for onshore fields. Simmons said in some deep-water fields, the decline rates have been above 30 percent. About 400 of the fields in the Cambridge […]

Transneft halts Russian oil flows via CPC pipeline

MOSCOW, Jan 18 (Reuters) – Russian pipeline monopoly Transneft has halted Russian oil flows via the Caspian Pipeline (CPC), which ships mainly Kazakh crude, citing maintenance work at a rail loading terminal, industry sources said on Friday. CPC is able to replace any lost Russian oil with Kazakh barrels to ensure there is no loss […]

Soaring electricity prices leave Massachusetts manufacturers struggling

Higher power bills contribute to plant closings State lawmakers will soon finalize energy legislation that aims to promote efficiency and alternatives to fossil fuels. But as legislators iron out differences between recently passed House and Senate bills, businesses say they need to pay closer attention to what many firms consider the real energy crisis: spiraling […]

British Gas raises prices by 15%

Gas, the UK’s biggest power provider, is to raise the amount it charges for gas and electricity by 15%. The announcement followed increases from rivals Npower and EDF Energy, with the firms blaming high wholesale costs. British Gas, owned by Windsor-based Centrica, said that it would make a loss this year without the price rise. […]

President Bush Questions Saudi Ability to Raise Oil Supply

In an ABC Nightline interview, President Bush recently said of Saudi Arabia, “If they don’t have a lot of additional oil to put on the market, it is hard to ask somebody to do something they may not be able to do.” According to TheOilDrum.com, this statement seems to indicate that George W. Bush, like […]

What A Difference Two Years Make

By the beginning of 2006 the EU’s Energy Commissioner, Andris Piebalgs, was directly interpellated at Parliament about the coming issue of Peak Oil. The Oil Drum: Europe

Bulgarians protest Russia’s energy policy

SOFIA, Bulgaria: Hundreds of Bulgarians protested on Friday against Russia’s energy policy, which they fear will make their country completely dependent on Russian oil and gas sources. Carrying posters reading “Stop Soviet imperialism” and “Putin – out of Bulgaria,” demonstrators marched in central Sofia to oppose energy agreements between Bulgaria’s Socialist-led government and Russia that […]

Climate Talk

CHOTEAU, Mont. Dr. Running was a lead author of a global warming report by the Intergovernmental Panel on Climate Change, the 400-member United Nations body that shared last year

David Strahan: The great coal hole

There used to be a joke about taking coal to Newcastle but these days the laughing stock is getting the stuff out. Newcastle in New South Wales, Australia, may be the biggest coal export terminal in the world Ask most energy analysts how much coal we have left, and the answer will be a variant […]

Pressure to pump: Saudi Aramco struggles to boost oil production

No encounter between the US president, George W Bush, and King Abdullah bin Abdulaziz al-Saud of Saudi Arabia in recent years has been complete without a plea from the American leader for OPEC to furnish more oil to the world market in the interest of moderating prices. Mr Bush’s mid-January visit to an unusually chilly […]

Bush officials say oil drilling will not harm polar bears

WASHINGTON (AFP) – US officials defended plans for oil drilling in the Chukchi Sea off northwestern Alaska, telling lawmakers that it would not harm polar bears, already threatened by global warming. Randall Luthi, director of the Interior Department’s Minerals Management Service, which sells oil drilling rights, told Congress Thursday that the 1972 Marine Mammal Protection […]

Cheap and cheerful: Venezuelans cling to right for petrol at 42p a tank

Cost borne by environment and the poor as government remains wedded to subsidy There is a world where oil costs $100 a barrel, where motorists wince as they fill up the tank and where energy efficiency is a mantra. And then there is Venezuela. At a Caracas petrol station last week, Gloria Padron, a paediatrician, […]

The end of oil is just a game

New combat videogame depicts a world at war over rapidly dwindling crude supplies. But what’s the message players walk away with? …While Frontlines: Fuel of War is one of the first video games to capitalize on the doom-and-gloom scenario of what might happen when the world runs out of oil, it’s not the only video […]

New Fields May Offset Oil Drop

…CERA has drawn fire among skeptics for being one of the most optimistic forecasters in the industry. The company predicted in June that world oil production, now at just above 85 million barrels a day, could hit 112 million barrels a day by 2017. The task of reaching that mark appears daunting. According to CERA’s […]

Putin clinches key European pipeline deal

SOFIA (AFP) – Russian President Vladimir Putin clinched a key pipeline deal with Bulgaria on Friday that strengthens Moscow’s grip on European gas markets before issuing a stern warning about the future status of Kosovo. Bulgaria and Russia agreed to build the so-called South Stream pipeline project, which will cross the Black Sea into Bulgaria […]

China steps up inflation fight

The Chinese government now appears to see inflation as public enemy No 1 as it continues to take various measures to curb price increases with an eye to recent history that shows public discontent can soon grow to crisis proportions if the cost of daily necessities gets out of hand.Steep inflation – 18.5% in 1988 […]

Rising Sea Levels Threaten China Cities

Sea levels off Shanghai and other Chinese coastal cities are rising at an alarming rate, leading to contamination of drinking water supplies and other threats, China’s State Oceanic Administration reported Thursday. Waters off the industrial port city of Tianjin, 60 miles southeast of Beijing, rose by 7.72 inches over the past three decades, the administration […]

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