Low-oxygen areas that show scant signs of sea life have expanded. ‘We seem to have crossed a tipping point,’ a scientist says. NEWPORT, ORE. — – Peering into the murky depths, Jane Lubchenco searched for sea life, but all she saw were signs of death. Video images scanned from the seafloor revealed a boneyard of […]
MOSCOW (Reuters) – Russian oil major LUKOIL halted oil supplies to Germany in February in a renewed pricing dispute with the monopoly importer of Russian crude to the country, trading sources said on Monday. “February supplies are zero. The firm was due to ship around 520,000 tonnes (by pipeline) this month, then it halved the […]
SAO PAULO, Brazil (AP) – Information stolen from Brazil’s state-run oil company was related to two huge new offshore petroleum finds, President Luiz Inacio Lula da Silva said. In comments to reporters during a trip to Brazil’s Antarctic research station, Silva characterized last month’s theft of four laptops and two hard drives as ‘’serious” because […]
LAGOS, Nigeria (AP) – Nigerian militants have asked President George W. Bush, who is on a six-day visit to Africa, to help end years of unrest in their country’s impoverished oil-producing south. Militants’ attacks on the Niger Delta oil infrastructure and kidnapping of foreign oil workers have cut the output of Africa’s biggest oil producer […]
* With the existing known reserve base of 13.4 million tonnes of lithium and less than 10 mbd of oil, we could run 4 billion cars in 2050. * If we assume most residents of the planet are living in dense cities in the third world with degrees of public transportation comparable to dense western […]
BIG SPRING, Texas – An explosion rocked an oil refinery in this West Texas city Monday morning in a violent blast that shook buildings miles away. The 8:30 a.m. blast sent black smoke billowing into the sky, shut down a major interstate and left residents rattled. The Big Spring refinery is owned by Dallas-based Alon […]
BAGHDAD (Reuters) – A law that could shape Iraq’s future by clearing the way for investment in its oil fields is deadlocked by a battle for control of the reserves and no end to the impasse is in sight, lawmakers and officials say. The bill is also meant to share revenue equitably from the world’s […]
…Those who are concerned about sustainability talk about making cities more sustainable. But that is an oxymoron. Cities have never been sustainable. They have always needed more from the land than the land under them could give. But the issue is more nuanced than that. On the one hand, living more densely in an energy-constrained […]
KATMANDU, Nepal: Schools closed, garbage piled up on the streets and many buses stopped running in Nepal’s capital Monday because of a fuel shortage caused by a general strike called by ethnic minorities demanding more rights. Almost all schools in Katmandu and its suburbs were forced to shut because school buses had no fuel to […]
MEXICO – While expressing confidence that the Congress of the Union will approve the energy reform during the current period of sessions, Energy Secretary Georgina Kessel warned about the possibility that in two years the United States might extract hydrocarbons owned by Mexico at the maritime border in the Gulf of Mexico. So, she considered […]
The power generating capacity of existing facilities in the MENASA region is inadequate and investments of at least US$ 155 billion will be required over the next decade to meet growing consumption, according to research by UAE-based infrastructure specialists, Septech Emirates. According to the report, water and power shortages of approximately 35 per cent are […]
If a struggle for resources unfolds between East and West, democratic values could be in for a battering …With the sizzling competition for energy, water and other resources, comes the threat of global warming, something the rich, energy-guzzling countries have done little to curb, while urging restraint on developing nations. “The fly in the ointment […]
Saudi Arabia’s Khursaniyah oilfield should be on stream within two months – later than originally planned – at a rate of 500,000 barrels per day, Saudi Aramco official Khalid al-Buainain said today. “Khursaniyah, with 500,000 barrels per day of Arabian Light crude, … will be available within two months,” Reuters quoted Buainain as saying in […]
Google is prepared to invest hundreds of millions of dollars in finding cheaper, cleaner alternative energy sources. Dan Reicher, director of climate and energy initiatives for the company’s philanthropic arm, Google.org, says he has already committed US$20 million ($25.4 million) to funding start-up firms that research and develop solar, thermal and wind power. He is […]
Scientists told the Norwegian government on Friday that exploiting thorium, a radioactive metal, for nuclear power production is an interesting but far-out alternative with unknown economic potential. A report commissioned by the government found that current knowledge of thorium-based energy production and the geology of the natural resource are not solid enough to draw any […]
Eskom’s plan to buy an additional 45-million tons of coal to replenish depleted stockpiles has been met with incredulity internationally, with analysts saying it overlooks severe global coal supply constraints, logistical challenges and price concerns. This could be the first time that SA, a net exporter of coal, imports coal. A New York-based analyst, who […]
Venezuela President Hugo Chavez Sunday said his government may file a suit against ExxonMobil for allegedly taking as much as 500,000 barrels of crude from oil fields without paying for them. “They took 500,000 barrels of crude from here without reporting them, before they began developing” the fields, Chavez said during his radio and television […]
Perhaps we think supplies still come from the North Sea? Perhaps we think they always will? And why wouldn’t we? No elected political leader has had the considerable guts needed to tell us that a shortfall between demand and supply of 10 to 15 per cent is enough to shatter an oil-dependent economy and transform […]
A clear majority of west Europeans regard Russia as an unreliable energy supplier but remain resistant to paying more for alternative supplies from renewable energy sources. An FT/Harris poll found that a majority of respondents in the UK, Germany, France and Italy were opposed to Russian companies investing in their countries – although 55 per […]
Government apathy sabotages Britain’s shift to a low-carbon economy You’d hope, wouldn’t you, that the government department responsible for energy to heat our homes, power our cars and so on would be on top of two key issues – a switch to a low-carbon economy and the possibility that oil might run out sooner than […]
PARIS: As crude oil prices topped $100 a barrel in January, some of the world’s major oil companies rang up annual profits that beat the bottom lines of any other company, in any other line of business. Yet, despite appearances, industry analysts are not rushing to pat the majors on the back. Exxon Mobile, the […]
Feb. 18 (Bloomberg) — Chevron Corp.’s Australian unit halted production at oil fields on the Barrow and Thevenard Islands off the northwest coast, adding to shutdowns due to a tropical cyclone moving through the region. BHP Billiton Ltd., Woodside Petroleum Ltd. and Apache Corp. are among oil producers that have shut down at least 220,000 […]
CARACAS, Feb 17 (Reuters) – Venezuela may create a windfall oil tax on earnings generated by quick increases in oil prices, President Hugo Chavez said on Sunday, extending the OPEC’s nation’s efforts to increase revenues from the oil industry. The leftist Chavez has led a drive to boost taxes on oil companies and increase state […]
PARIS (AFP) – Agricultural scientists in the United States have identified a key gene that determines oil yield in a corn, a finding that could have repercussions for the fast-expanding biofuels industry. The gene lies on Chromosome 6 of the maize genome, according to a paper published on Sunday by Nature Genetics. It encodes a […]
The Middle East Gulf oil producers should do something about their increasing oil and gas demand. The demand of seven Gulf States, including Iran, is going to exceed six million barrels per day over the next few years. At such a rate, our own refining capacity may not cope with our rate of consumption which […]
Global warming fears, rising fuel prices spur the comeback WASHINGTON “I believe very strongly that new nuclear plants will be built in the U.S. in the coming decades to address problems with respect to higher energy demand, high prices and global warming,” said Sudarshan Loyalka, a professor of nuclear engineering at the University of Missouri-Columbia. […]
(AFP) – Iran on Sunday declined to rule out that the oil cartel OPEC would cut production at its next meeting in early March, a move vehemently opposed by oil-consuming countries. Asked whether the Organisation of Petroleum Exporting Countries (OPEC) would cut its output quota at its next meeting in Vienna on March 5, Oil […]
AUSTRALIANS who converted their cars to LPG are paying nearly twice as much for fuel as they were just five months ago. A Daily Telegraph investigation found LPG prices have skyrocketed from an average of 45c a litre in October up to as much as 87.9c, as the price was at the bowser in Parkes, […]
WASHINGTON The payments come from an obscure and poorly understood government account that requires no new Congressional appropriations, and will balloon in size, experts said. The payments are due because the reactor owners were all required to sign contracts with the Energy Department in the early 1980s, with the government promising to dispose of the […]
“The U.S. is now using more corn for production of ethanol than our entire crop in Canada,” says Kurt Klein, a professor of agricultural economics at the University of Lethbridge. “It’s huge.” And it is going to get bigger. In 2000, world production of ethanol totalled 20 billion litres. In 2007, world production climbed to […]
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