France, Japan, US cooperate on nuclear reactors

France, Japan and the United States agreed Friday to cooperate in making prototypes of so-called “4th generation” nuclear reactors, according to statements released by each country’s energy ministries. These sodium-cooled reactors, which would not come on line until mid-century, produce more energy per unit of fuel than nuclear reactors currently in operation. But early prototypes […]

Kuwait keeps 2020 oil capacity aim despite problems

KUWAIT, Feb 4 (Reuters) – OPEC-member Kuwait is sticking to its 2020 oil output capacity target of 4 million barrels per day but faces challenges in finding contractors, technology and skilled labour, a state oil official said on Monday. “We are very determined to (meet the target) and are working aggressively,” said Saad al-Shuwaib, chief […]

Oil Around the World

● Norway Looks North for Oil and Gas ● Oil and Politics in Iraq ● Squabbles over the South China Sea ● Putting India on the World GeoTimes

‘Green collar’ jobs seen as prosperous

By 2030, nearly a half-million new jobs could be created in green industries When 1,800 workers lost their jobs after a Maytag appliance factory and headquarters closed last year in the small town of Newton, Iowa, a wind turbine blade company saw opportunity TPI used to build boats, but switched to turbines in 2001 for […]

U.S. stance on climate change shifting, conference delegates say

HONOLULU, Hawaii (AP) — A meeting on climate change ended without concrete targets for slashing greenhouse gas emissions, but participants praised what they saw as a new willingness by the United States to discuss possible solutions. Delegates from the 16 nations that emit the most pollutants, plus the European Union and the United Nations, gathered […]

Russian economy succumbs to the oil curse

Moscow is the most expensive city in the world, like Tokyo before the Nikkei bubble burst. A taxi from Domodedovo airport to the Kremlin costs $170 ( This is the curse of commodity wealth, the “Dutch Disease” that eats at the competitive foundations of an economy and incubates a parasite culture. No doubt Russia’s scientists, […]

Drillers eye huge Appalachian gas field

STATE COLLEGE, Pa. – More than a mile beneath an area of Appalachia covering parts of four states lies a mostly untapped reservoir of natural gas that could swell U.S. reserves. Geologists and energy companies have known for decades about the gas in the Marcellus Shale, but only recently have figured out a possible Like […]

South Africa: ‘Shocking’ report finds radioactive vegetables

Radioactive levels three times higher than permitted have been found in vegetables grown in wetlands in the Wonderfonteinspruit area between Randfontein and Potchefstroom, Beeld newspaper reported on Saturday. It cited what it described as “shocking revelations” on Friday in a report by the South African Nuclear Energy Corporation drawn up at the request of the […]

Analysis: Putin to head Gazprom?

WASHINGTON (UPI) — As the world’s attention increasingly focuses on Russia’s March 2 presidential election, speculation is rising about what President Vladimir Putin will do in the aftermath. While it’s a foregone conclusion in Russia that First Vice Prime Minister Dmitry Medvedev will most likely replace Putin, various theories have been floated, several of which […]

OPEC accelerating plans to increase oil production

LONDON (Thomson Financial) – OPEC is attempting to speed up plans to bring more oil production to market due to rapidly rising demand from China and India, according to experts gathered at international think tank Chatham House for a conference on Middle East energy supplies. “OPEC plans to increase output by 3 mln bpd by […]

Fire Shuts Down Norwegian Oil Platform

OSLO, Norway – A gas turbine fire shut down production from the 20,000 barrel per day Norwegian offshore oil field Njord A on Monday, without causing injury to the platform’s 91 crew, the StatoilHydro ASA oil company said. Gisle Johanson, a spokesman for the government-controlled company, said the fire was quickly brought under control and […]

I am Human, I’m American, and I’m an Addict…

The vast majority of Peak Oil writing and discussion centers around the upcoming date of an all liquids peak and what the subsequent decline rate will look like. There is also active debate on how we can best replace the coming shortfall in fossil energy with renewable flows. Fewer discussions are about relocalizing a global […]

Oil Shortages Start in 2010; Peak Oil Hits 2012-2015

Nearly 40 years on Wall Street, plus 12 years before that working for a major oil company, equals a lifetime of experience for Charles T. Maxwell, senior energy analyst at Weeden & Co., known as the It all boils down to this, Maxwell told EnergyTechStocks.com: We live in a world where there is only about […]

Dutch Gas Guzzler Tax Hammers Exclusive Cars

Buying a Hummer just became 19,000 euros (US$28,000) more expensive in the Netherlands. A new “guzzle tax” came into force on Friday, penalising cars that exceed a limit on emissions of the greenhouse gas carbon dioxide as the Netherlands seeks to reduce its contribution to global warming.Dick Braakhekke, spokesman for General Motors Corp’s Cadillac, Corvette […]

Ukraine makes first step to eliminate Russian natural gas middlemen

The Ukrainian government on Saturday announced its first formal step toward eliminating a partly Russian-owned intermediary company from its natural gas purchase deals. Prime Minister Yulia Tymoshenko said the country’s National Security and Defense Council on Friday instructed the government to break up the contracts between the Ukrainian natural gas distribution monopoly Naftogaz and the […]

Bangladesh mulls gas import from Myanmar

Bangladesh’s interim government is planning to import gas from Myanmar to meet its immediate demands, a step which is also likely to help it achieve its target to overcome the gas deficit by 2009. “We are thinking of buying gas from Myanmar as it is the only country around us with gas surplus,” Special Assistant […]

Japan, China study splitting gas profits – report

Japan and China are considering splitting profits from gas fields in disputed waters in the East China Sea, a Japanese daily reported on Monday, as the two sides race to resolve a row over resources ahead of a visit by Chinese President Hu Jintao in the spring. The Nikkei business daily said the two countries […]

Coal prices leap 25%, reaching record level

Coal prices jumped 25% to a record at Australia’s Newcastle port, a benchmark for Asia, as snowstorms in China, power cuts in South Africa and floods in Queensland reduced output. Power-station coal prices at the NSW port climbed $US23.09 ($A25.46) to $US116.44 a tonne last week, the second straight week of record prices, according to […]

China needs to cut energy reliance on coal -official

Power and coal shortages in China should serve as a wake-up call for the country to increase power production from nuclear and wind plants, and reduce its reliance on coal-fired generators, a leading energy official said. Power plants in many parts of the country were running short of coal due to soaring prices for the […]

Let us make billions or the lights will go out, warns energy industry

Duncan Sedgwick, chief executive of the Energy Retail Association, which represents the “big six” energy firms, said accusations that the industry is profiting excessively were “not borne out by the facts”. He launched an attack on consumer group Energywatch’s call for a Competition Commission inquiry into the sector, saying that energy companies need to be […]

Uranium prices seen ”choppy” on low output

Spot uranium prices are likely to remain choppy in the face of “anaemic” production and will remain so for the near term, the head of a consulting firm that publishes uranium prices said on Monday. Kazakhstan has so far been the strongest producer of the silvery white metal used as the basic fuel for nuclear […]

Exxon Rakes in Record $10 Billion Quarterly Earnings While Cheering OPEC

…The Exxon earnings are not only obscene they are an outrage in that these are not profits that are earned in a competitive marketplace but simply by tailgating OPEC’s manipulation. Exxon barely lifted a finger to earn its additional billions other than go along with prices that were the result of collusion by a cartel, […]

India: The fallout of Uranium mining

Kumni Karmakar, the wife of a local blacksmith living near the Raka railway station on a main road that leads to Jadugoda in Jharkand, was pregnant for one more time. Everyone was eagerly waiting to see the newborn baby. As usual, Arjun Karmakar, the blacksmith husband, was working in his shop in the late afternoon […]

New tests could further undermine ‘fossil fuels’

Scientists who have confirmed that abiotic hydrocarbons are being released from the Lost City hydrothermal field in the Mid-Atlantic range at the bottom of the ocean say they are returning to that location this summer to try to confirm the presence of more complex hydrocarbon chains, a result that would further undermine the assumption that […]

UK: PRICE OF FOOD SOARS TO ALL-TIME RECORD

Families already struggling to make ends meet are being hit by soaring food prices. The cost of a weekly shop has also jumped by more than two and a half times the rate of inflation in the past year. Worryingly, food prices are going up at a time when households are facing crippling rises in […]

EU ’should ban inefficient cars’

The EU should ban the sale of cars that do under 35 miles to the gallon, the ex-chairman of oil giant Shell says. Sir Mark Moody-Stuart told BBC News the motor industry would adapt to cope with stricter environmental rules. The UK Society of Motor Manufacturers and Traders opposes the idea, saying drivers of the […]

Furafuel bio-crude oil process – turns green waste into fuel

AUSTRALIAN scientists say they have developed a greenhouse-friendly way of turning green waste into fuel. The Furafuel bio-crude oil process, developed by CSIRO and Monash University, can be used to produce petrol and diesel from forest thinnings, crop residues and waste paper, most of which are normally dumped in landfill or burned. “By making changes […]

Ryanair warns of profits ’storm’

Ryanair has warned that its profits could be halved this year as fuel costs rise and as the UK pound weakens. The warning came as the budget airline reported that net profit dropped 27% to 35m euros ($52m; The drop was its first quarterly decline in a more than a year. Chief executive Michael O’Leary […]

UK’s first emissions zone begins

The most heavily polluting lorries are facing charges of Firms whose vehicles are not on the database will be told to pay up. The rules, aimed at improving London’s air quality, will be extended to cover buses and coaches in July. BBC

Wind farms

Ambitious plans to meet up to a third of Britain Giving evidence to a planning inquiry last October, a senior MoD expert said that the turbines create a hole in radar coverage so that aircraft flying overhead are not detectable. In written evidence, Squadron Leader Chris Breedon said:

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