Iraq: Oil production rises in November

Iraq’s oil output climbed in November and the ministry in charge of production forecast on Wednesday that it could surpass 3 million barrels per day by the end of 2008. Ministry spokesman Assem Jihad said Iraq’s average production was 2.4 million barrels per day in November. Exports stood at around 1.9 million barrels per day, […]

Investment in clean energy topped $100 billion for first time in 2007

Despite the global credit crunch in 2007, new investment in clean energy industries like wind and solar power rose sharply to break through the $100 billion barrier for the first time, a research group, New Energy Finance, said Wednesday. Michael Liebreich, chief executive of the group, which is based in London, said investments had risen […]

Just not enough oil to go around

Another year, another record oil price. The immediate reasons why the price of a barrel of oil jumped $4 to $100 yesterday were a cold snap in North America and unrest in two important producing nations: Nigeria and Algeria. Beneath the surface, however, the key fact about oil has not changed, and it is an […]

China closes over 10,000 coal mines in last three years

China closed 10,412 coal mines in the last three years amid efforts to improve workplace safety and to check extravagant use of natural resources, the country’s top industrial safety inspector said. Li Yizhong, head of the State Administration of Work Safety, said another 1,100 coal mines must be shut soon as the government had ordered […]

The Peak Oil Crisis: Diesel

Now there seems to be a new problem developing: diesel for the great machines that grow our food, bring us stuff, take away our garbage and do nearly all the chores needed to keep our civilization running. If you think about it for a few minutes, you might conclude that a diesel shortage would be […]

German institute DIW sees oil prices doubling within 10 years

German research institute DIW sees oil prices doubling to 200 usd per barrel within the coming 10 years, DIW’s head of department for energy, transport and environment Claudia Kemfert told Berliner Zeitung. ‘Oil reserves are becoming scarce, and that will drive up prices further,’ Kemfert told the newspaper..Within five years, oil prices will likely reach […]

Sustainable growth is the key to our future

Sustainability is the buzz word for the Green movement. Here two environment campaigners look at the issues surrounding sustainable energy and transport NO DISCUSSION of sustainable consumption can ignore the concept of “peak oil”. This is the situation where we reach the maximum possible rate of oil exploitation.Because of massive population growth, oil production per […]

Peak oil is here; we must act

With oil nearing $100 a barrel, I’m writing to announce that the all-time peak of global petroleum production is behind us. It happened in 2006. Once on the downhill slope of the oil production bell curve, supplies will decline about 3 percent annually. Sustainability analyst Lester Brown released an update recently that ran through the […]

Simmons Says $100 a Barrel Oil Is `Remarkably Cheap’: Video

January 2 (Bloomberg) — Matthew Simmons, chairman of Simmons & Co. International, and Jan Stuart, oil economist at UBS AG, talk with Bloomberg’s Pimm Fox about crude oil’s rise to $100 barrel today, the outlook for oil prices and prospects for alternative energy. Oil rose to $100 for the first time in New York as […]

Trees absorbing less CO2 as world warms, study finds

The ability of forests to soak up man-made carbon dioxide is weakening, according to an analysis of two decades of data from more than 30 sites in the frozen north. The finding published today is crucial, because it means that more of the CO2 we release will end up affecting the climate in the atmosphere […]

CLIMATE CHANGE: Northward Ho?

BROOKLIN, Canada, Jan 2 (IPS) – Dan Bloom thinks it’s time to figure out how to build self-sustaining cities in the polar regions because climate change will eventually make most of Earth uninhabitable. These polar cities may be “humankind’s only chance for survival if global warming really turns into a worldwide catastrophe in the far […]

Oil Touches $100 a Barrel on Supply Concern, Increased Demand

Crude oil rose to $100 a barrel for the first time in New York as record global fuel consumption threatens to outpace production. …Higher prices have been cast as vindication for a theory that the world has reached the maximum rate of oil production as explorers fail to discover major new fields to replace aging […]

OPEC, war in the desert and bicycles in Bali

… It was in 1980 and the Organization of Petroleum Exporting Countries was at its cryptic best in those days. Even the Delphic oracle must have blushed. Yet the deemed marker was the device they employed to ratchet up the oil price to a 20th century record that OPEC dictated the price in those days. […]

China a big, but not only, contributor to record oil prices: analysts

BEIJING : China’s unquenchable thirst for oil is contributing to sustained high prices, but it is not the main factor in crude’s latest surge toward new records, analysts said Wednesday. Speculative trading, geopolitics such as unrest in the Middle East and US efforts to fill its oil reserves, as well as the weakness in the […]

Chavez, China cooperate on oil, but for different reasons

The Venezuelan president touts Beijing’s $4 billion investment as another punch in his bid to undermine US clout. China is more pragmatic. Caracas, Venezuela; and Beijing – One country’s motivation is political, the other’s pragmatic. Venezuela is seeking a strategic geopolitical alliance, China a steady supply of energy. A new oil exploration deal between the […]

Helium supplies endangered, threatening science and technology

In America, helium is running out of gas. The element that lifts things like balloons, spirits and voice ranges is being depleted so rapidly in the world’s largest reserve, outside of Amarillo, Texas, that supplies are expected to be depleted there within the next eight years. …”Helium is non-renewable and irreplaceable. Its properties are unique […]

California sues EPA

State attorney general calls rejection of limit on automobile greenhouse gas emissions ‘illegal,’ ignores the requirements of the Clean Air Act. SACRAMENTO, Calif. (AP) — California sued the U.S. Environmental Protection Agency on Wednesday for denying its first-in-the-nation greenhouse gas limits on cars, trucks and SUVs, challenging the Bush administration’s conclusion that states have no […]

DaimlerChrysler gets record fuel economy fine

Mercedes-Benz cars draw $30.3 million penalty for violating fuel economy standards. NEW YORK (CNNMoney.com) — DaimlerChrysler has been hit with the largest fine ever assessed against any company for violating fuel economy standards set by the federal government. The automaker was split into two companies last year when its Chrysler division was purchased by a […]

White House won’t tap oil reserves

WASHINGTON – The White House on Wednesday ruled out a release of fuel from the nation’s oil reserves to drive down soaring prices. “This president would not use the (Strategic Petroleum Reserve) to manipulate (prices) unless there was a true emergency,” said White House press secretary Dana Perino. “Right now we understand that prices are […]

Oil futures hit $100 a barrel

NEW YORK – Oil prices soared to $100 a barrel Wednesday for the first time ever, reaching that milestone amid an unshakeable view that global demand for oil and petroleum products will continue to outstrip supplies. Surging economies in China and India fed by oil and gasoline have sent prices soaring over the past year, […]

Neighbors wary of China’s Three Gorges Dam

…For millions of Chinese living along the reservoir She isn

Australia: CSIRO anxious over taxpayer-funded research versus private

…Bruce Robinson, convenor of the Australian Association for the Study of Peak Oil & Gas, is more hopeful now that his several submissions to the CSIRO over the years will be taken seriously. “I think the CSIRO should have done more on oil vulnerability,” said Mr Robinson, a physical chemist and former radio-astronomer. “I have […]

OPEC Review: Group Could Fail To Meet World Oil Demand By 2037

LONDON -(Dow Jones)- A newly published report by Organization of Petroleum Exporting Countries indicates the group will be much harder pressed than previously thought to meet the world’s surging oil needs and could realistically fail to supply its share of global oil markets by 2037. The report in the December issue of the OPEC Review, […]

Jared Diamond: What

To mathematicians, 32 is an interesting number: it If most of the world

The wrong choice for Massachusetts

by James Hansen: THE EARTH is close to passing climate change “tipping points.” Greenhouse gases released in burning fossil fuels are nearing a level that will set in motion dangerous effects, many irreversible, including extermination of countless species, ice sheet disintegration and sea-level rise, and intensified regional climate extremes. As a society we face a […]

Australia: NW Shelf Gas Venture Halts Output on Electrical Fault

(Bloomberg) — Australia’s North West Shelf venture halted production due to an electrical fault, stopping output at the nation’s biggest liquefied natural gas project and cutting two-thirds of Western Australia’s gas supplies. Gas production for customers in the state should resume late tomorrow, while LNG output will restart after that, Perth-based Woodside Petroleum Ltd., the […]

Uganda hit by energy crisis amid Kenya poll violence

Kampala, Uganda – Post-election violence in Kenya sparked an energy crisis in neighbouring Uganda Tuesday as unrest, rioting and ethnic violence have halted oil exports to surrounding countries that depend on Kenya’s Indian Ocean port for petrol. Petrol prices have quadrupled and there are virtually no vehicles on the roads as dry gas stations turn […]

Peak oil theories

As millenarian prophecies go, Applying this globally, however, is fraught with problems. Mr Hubbert

Growth in UK manufacturing slows

Growth in the UK manufacturing sector eased in December, as worries about the credit crunch led to new orders hitting a near two-year low, a survey shows. …The survey also indicated that the inflationary pressures facing the sector are easing although prices remain high. Companies have paid higher prices for food products, fuel, metals, paper […]

Woes mount for Mexico’s state oil titan

Output is declining rapidly, but national pride and politics may block possible fixes. MEXICO CITY — With crude oil topping $95 a barrel, these should be heady days for Petroleos Mexicanos. Mexico’s state-owned oil monopoly, known as Pemex, generated record revenue of about $100 billion in 2007. But at a ceremony marking the 69th anniversary […]

« 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