The Peak Oil Crisis: The Future Of Our Cars – Part 4

Hardly a day goes by without an announcement that some company is either developing a new model of an electric powered car or has made some sort of progress on the ones under development. These announcements are coming from major automobile manufacturers all over the world and from numerous startups working in small garages. It […]

Critic: Facts bury theory on Peak Oil

IHS Inc., owner of Cambridge Energy Research Associates, said those who espouse the theory that the world’s oil production has already peaked lack evidence to support their claims. “The only thing that’s relevant is our data,” Jerre Stead, chief executive at Douglas County-based IHS, said Wednesday in an interview in Houston.Believers in the so-called Peak […]

Canadian Scientist Denies Denying Global Warming

In response to the ‘The Sun Also Sets Article’ posted on 5/2/2008, Dr Tapping repudiates the “his denial”in Investor Business Daily as follows; “…The stuff on the web came from a casual chat with someone who managed to misunderstand what I said and then put the result on the web, which is probably a big […]

ConocoPhillips Sees Dramatic Rise in Oil-Sands Output

(Bloomberg) — ConocoPhillips is poised to boost its output from oil-sands projects in Alberta “dramatically” in the coming years from a current net total of 60,000 barrels a day, ConocoPhillips Canada President Kevin Meyers said today. About half of ConocoPhillips’ crude from the oil sands comes from its 9 percent stake in the Syncrude Canada […]

Five-seat concept car runs on air

An engineer has promised that within a year he will start selling a car that runs on compressed air, producing no emissions at all in town. The OneCAT will be a five-seater with a glass fibre body, weighing just 350kg and could cost just over It will be driven by compressed air stored in carbon-fibre […]

Big, hulking SUVs starting to turn green

Automakers turn to hybrid technology to boost fuel economy There Whether they need space for large families or luggage or just prefer truck-based vehicles over minivans and station wagons, U.S. consumers are still interested in buying large SUVs.

OPEC Supports Venezuela In Exxon Row

Libya’s top oil official, Shokri Ghanem, Wednesday said the Organization of Petroleum Exporting Countries stood squarely behind member country Venezuela in its row with U.S. oil major Exxon Mobil Corp. (XOM) over contracts and assets. “We don’t think Venezuela should be treated this way and we are going to look at this. There is solidarity […]

Rice: US naming special energy envoy

WASHINGTON – Secretary of State Condoleezza Rice said Wednesday she will appoint a special envoy for energy issues to deal with the use of oil and gas for political means, particularly in Central Asia. Her comments to a congressional committee come amid threats from Venezuela to cut off oil exports to the United States as […]

First American Cellulosic Ethanol plant in production

In a development that could dramatically advance the renewable fuels industry, cellulosic ethanol is now in production at the first small scale waste wood commercial facility operating in the U.S. Located just 1 mile South of Upton, Wyoming, the plant was engineered, constructed and is operated by KL Process Design Group (KL). This is the […]

Mexico mulling buying fuel from far-off India

MEXICO CITY (Reuters) – Mexico, a major oil exporter but an importer of refined fuel, is mulling buying gasoline from faraway India if prices there undercut costly U.S. refineries, state oil monopoly Pemex said on Tuesday. Pemex will examine market conditions in the second half of the year, when India is expected to complete a […]

Fuel shortage hits Nepal’s capital

KATMANDU, Nepal — A shortage of fuel in Nepal prompted by strikes and protests in the south forced the shutdown of much of the capital’s public transportation system Wednesday, industry officials said. More than 80 percent of Katmandu’s buses, vans and trucks remained parked because authorities were unable to buy diesel and gasoline to run […]

U.S. and Canada on collision course over Arctic rights: U.S. official

A leading U.S. government scientist says his country and Canada are on a collision course over seabed rights in the Arctic Ocean, where vast, untapped oil and gas deposits are fuelling an undersea land grab and researchers from all polar nations are racing to collect data backing their countries’ territorial claims. Andy Armstrong, a top […]

RPT Algerian energy minister dismisses oil output hike at OPEC meeting in March

ALGIERS (Thomson Financial) – Algerian Energy and Mines Minister Chakib Khelil, currently the president of OPEC, has dismissed chances of an announcement of an increase in oil production when the oil cartel has its next meeting on March 5 in Vienna. “I can’t tell you what decision will be taken by OPEC conference, but it […]

The Politics of Biofuels: Government policies often have unintended consequences

Government policies often generate unintended consequences. This has turned out to be the case with the aggressive biofuel policies pursued over recent years by the European Union and the United States. While the EU was developing action plans and setting targets to promote biofuels, many states in the U.S. – especially those with high levels […]

Exxon Gives Chavez Biggest Fight Yet Over Oil Nationalization

(Bloomberg) — Exxon Mobil Corp., the most profitable company ever, is giving Venezuelan President Hugo Chavez the toughest fight yet in his widening efforts to expand state control over his country’s vast oil resources. Exxon and state oil company Petroleos de Venezuela SA face off in a New York courtroom today over a $315 million […]

True scale of C0

Leaked UN report says pollution three times higher than previously thought The true scale of climate change emissions from shipping is almost three times higher than previously believed, according to a leaked UN study seen by the Guardian. It calculates that annual emissions from the world’s merchant fleet have already reached 1.12bn tonnes of CO […]

Canada: Refinery problems spark shortages at Shell stations

Problems at one of three major oil refineries in Alberta have sparked a supply shortage for Shell retail and commercial gasoline stations in Western Canada, and might exacerbate an already tight market, experts said Tuesday. Royal Dutch Shell PLC’s 98,000-barrel-per-day Scotford refinery has been running at reduced rates for several days, prompting the company to […]

Iran – Oil minister: Oil Bourse to start operation next week

Oil Minister Gholam Hossein Nozari said on Wednesday that Iran’s Oil Bourse is to start operation from next Sunday. Speaking to reporters after a cabinet session, he said Minister of Economy and Financial Affairs Davoud Danesh Jaafari is to attend the opening ceremony. Iran’s national currency, rial will be the base of hard currencies for […]

Aramco chief: Bad policy may hurt assets

HOUSTON, Feb. 12 (UPI) — Policies to combat climate change — “well-intentioned but ultimately flawed or confusing” — could hurt oil recovery, the head of Saudi Aramco said. Abdallah Jumah said Tuesday at an international energy conference oil and gas will be needed to meet rising demand for energy around the world. “If … conventional […]

Climatologist: Sea Ice to keep shrinking

ANCHORAGE, Alaska – Arctic sea ice next summer may shrink below the record low last year, according to a University of Washington climatologist. Ignatius Rigor spoke Monday at the Alaska Forum on the Environment and said global warming combined with natural cyclical changes likely will continue to push ice into the North Atlantic Ocean. The […]

How a rainforest island was saved from destruction for palm oil

that the government of Papua New Guinea had changed its mind: it would no longer allow Vitroplant Ltd. to deforest 70% of Woodlark Island for palm oil plantations. This change came about after one hundred Woodlark Islanders (out of a population of 6,000) traveled to Alotau, the capital of Milne Bay Province, to deliver a […]

Global wind power growth rates exceed expectations

A record 20,000 MW of wind power were installed world-wide last year, with the United States, Spain and China providing the biggest annual increases, the Global Energy Council (GEC) said. World-wide wind power installed capacity stands at a record, 94,112 MW, BBC reported. Steve Sawyer, Secretary General of the Brussels-based Global Energy Council, said that […]

The great green land grab

“It is estimated that some 1m sq km of forests, savannah, pasture and farmland in Africa have been redefined since 1970 as protected or conservation areas, yet in the great majority of these areas, the rights of indigenous peoples to own, control and manage these areas have been denied,” says Colchester. “No one knows how […]

Climate Change May Kill Thousands In UK By 2017

There is a 25 percent chance that a severe heat wave will strike England and kill more than 6,000 people before 2017 if no action is taken to deal with the health effects of climate change, a report said on Tuesday. The report for Britain’s Department of Health estimated more than 3,000 people could die […]

EU Ministers Urge Caution on Cost of Climate Plan

The European Union’s move to a low-carbon economy to fight climate change must not harm its competitiveness, the bloc’s finance ministers said on Tuesday. The executive European Commission last month proposed an ambitious package of measures to help the 27-nation bloc cut greenhouse gas emissions blamed for global warming, partly by using more green energy […]

Biofuel markets are booming worldwide

More than 2000 plants exist in 2007 worldwide, with USD8.5billion worth of investments have been made in biofuel plants, and there will be high growth to 2025. A new study by Helmut Kaiser Consultancy on the biofuel markets says biofuel is shaping the future strategies of the automobile industry and manufacturers, biomass producers as well […]

Malaysia reviews proposed biofuel policy amid rising palm oil prices

Malaysia is reviewing plans for mandatory blending of palm oil and diesel for biofuel after prices of the commodity more than doubled in two years, a Cabinet minister said Tuesday. Crude palm oil prices have soared to more than 3,000 ringgit (US$928; €638) a metric ton from about 1,400 ringgit a ton since the National […]

Oil execs: Crisis coming, but not because of scarcity

The Earth is not about to run out of oil. According to executives of major oil companies, the planet has plenty of oil to feed growing demand for energy. It’s just getting more difficult and more expensive to produce the oil that’s left.So difficult, in fact, that the head of Hess Corp. predicts the globe […]

IEA to Cut Global Oil Forecast on Slower U.S. Economy

The International Energy Agency will cut its forecast for global oil demand this year because slower economic growth in the U.S. will curb consumption. The energy adviser to 27 oil-consuming nations will revise its outlook “slightly downward,” Nobuo Tanaka, executive director, said in Houston yesterday. The agency is due to release its forecast later today. […]

Empty Holes and Black Swans – Simmons interview

It may be blasphemous to ponder in a region that produces a good deal of the world’s hydrocarbon-based energy, but what if Peak Oil has already occurred? “My opinion is that it’s increasingly likely that we actually set an all-time record in May 2005 of 74,252,000 barrels per day,” states Matt Simmons, founder and chairman […]

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