Abiogenic Hydrocarbon Production at Lost City Hydrothermal Field

Hydrocarbons Hydrocarbons, molecules with various combinations of hydrogen and carbon atoms, are key to cellular life. For instance, cell walls can be built from simple hydrocarbon chains and amino acids are short hydrocarbon chains hooked up with nitrogen, oxygen or sulfur atoms.

Conoco, Statoil Shut North Sea Oil Fields on Storms

(Bloomberg) — ConocoPhillips started shutting production at three North Sea oil and gas fields and two platforms as storms brought high winds and waves to the region. StatoilHydro ASA shut two fields. ConocoPhillips began closing the Eldfisk Alpha, Eldfisk Bravo and Embla fields and the Ekofisk Alpha and Ekofisk Bravo platforms at 8:30 a.m. local […]

IEA criticises OPEC decision not to hike output

PARIS (Thomson Financial) – The International Energy Agency tacitly accused OPEC Friday of increasing pressure on a vulnerable world economy by its refusal to pump more oil to help bring down crude prices. ‘While the Organisation of Petroleum Exporting Countries has decided to leave output unchanged, crude oil supplies remain very tight, as the IEA […]

Aurora Borealis polar ship

European ship designers are currently working on what is billed as the “most advanced polar research vessel in the world.” …It will be the world’s first ice-breaker that is also a drilling ship and will operate year-round, although it will only drill in the summer months. Initially it will be used in the Arctic but […]

Will Ohio be left behind by the green energy revolution?

Testimony to the Public Utilities Commission of the Ohio House, January 30, 2008 My message today is simple: any state that allows the construction of new nuclear power plants in the face of today Any energy legislation that allows any kind of incentive to build such reactors dooms itself to the failures of the last […]

21st century water management: Calculating with the unknown

Climate change is making a central assumption of water management obsolete: Water-resource risk assessment and planning are currently based on the notion that factors such as precipitation and streamflow fluctuate within an unchanging envelope of variability. But anthropogenic change of Earth …

How oily is your candidate? (Who’s your daddy?)

If I didn’t know better, I’d say “so much for the pulling power of oil money”. Reports suggested that it played a big role in George W Bush’s two terms in office, but according to this stunning online interactive graphic, it was powerless to save Rudolph Giuliani in the 2008 primaries. OilChange International is hosting […]

Another view of Plan B

NASA Chief Scientist details ways to mitigate Peak Oil and Global Warming …Seawater AG and Saline/seawater agriculture/algae are an important part of an approach to try and head off warming as opposed to “living in a warmer world.” Peak Oil was evidently in ‘06. With the tremendous Asian demand oil prices are expected to rise […]

Healthy alternative: Take mass transit

ATLANTA “All the new research over the last five years indicates pretty clearly the health benefits of public transportation,” says Jason Jordan, director of the Center for Transportation Excellence, a non-profit research and policy clearinghouse. “A lot of people are walking more if they have access to transit.” They’re walking from home to the bus […]

China snow leaves millions in cold and dark

GUANGZHOU, China (Reuters) – Millions of Chinese faced a humanitarian crisis on Friday, as petrol and food reserves dwindled and yet more bad weather was forecast for a country paralyzed by record-breaking cold and snow. More than 160 counties and cities in central China were suffering blackouts and water shortages, Xinhua news agency said, including […]

Coal prices could double again

All of a sudden coal, so long the Cinderella of fossil fuels, is not just in demand but in desperately short supply. A chance combination of crises in big producing and exporting countries has pushed the price of European imports to almost $140 per tonne Although some of the issues are weather related, in an […]

Australia: ACCC to investigate fertiliser prices

The Federal Government has asked the Australian Competition and Consumer Commission (ACCC) to investigate fertiliser prices, as part of the wider look into the cost of groceries. Fertiliser is now so expensive and in such short supply that it will be out of reach of many farmers this season. Two years ago, it cost $400 […]

Minnesota: Legislators will hear from oil expert

With oil prices around $100 per barrel and some predictions gasoline soon will cost $4 a gallon, an expert will appear before a joint legislative committee to share his opinions on peak oil demands. Matthew R. Simmons, who served as an energy advisor to President Bush, is a prominent oil-industry figure and one of the […]

ExxonMobil posts record 40.6-billion-dollar profit in 2007

NEW YORK – Oil giant ExxonMobil set a new record annual profit for a US company with 2007 earnings of 40.6 billion dollars, amid surging prices for crude, company figures showed Friday. The net profit was three percent higher than a year ago when the biggest US oil and gas firm reported a 2006 annual […]

Shell Counts The Cost Of Oil

LONDON – The booming price of oil gave a healthy sheen to Royal Dutch Shell’s earnings on Thursday, but crippling costs and disappointing margins lay beneath the surface. The Anglo-Dutch oil and gas stalwart posted a 60.4% increase in fourth-quarter profits Thursday, to $8.5 billion, from $5.3 billion, but most of the gain came from […]

Electricity storage Ne plus ultra

A new version of an old idea is threatening the battery industry PUT the pedal to the metal in the XH-150 In fact the XH-150 is a three-way hybrid, employing a petrol engine and conventional lithium-ion batteries as well as its special capacitors. An overnight charge gives it an all-electric range of 40 miles (60km), […]

The Petrodollar Bubble Pump

…Why did the prices of oil and other commodities rise so much? The reason is simple–hedge funds funded indirectly by commodity producers pumped huge amounts of cash into commodities. We do not disagree that oil demand has been rising and oil supply is relatively constrained. But an oil industry expert we have known for years […]

Australia experiences hottest ever January: weather bureau

SYDNEY (AFP) – Australia experienced its hottest January on record this year, with the dry continent heating up as part of the global warming process, the bureau of meteorology said Friday. Temperatures rose by between 1.0 and 2.0 degrees in most parts of the country, with the national average hitting 29.2 degrees Celsius (84 Fahrenheit) […]

OPEC freezes oil output, says supplies sufficient

VIENNA (AFP) – OPEC left its oil production ceiling unchanged on Friday, snubbing US demands for an increase as the cartel focused on supporting prices which have fallen 10 percent since the start of the year. Explaining its decision, the Organisation of Petroleum Exporting Countries said stockpiles of crude were likely to increase in the […]

Michael Klare, Barreling into Recession

The economic bubble that lifted the stock market to dizzying heights was sustained as much by cheap oil as by cheap (often fraudulent) mortgages. Likewise, the collapse of the bubble was caused as much by costly (often imported) oil as by record defaults on those improvident mortgages. Oil, in fact, has played a critical, if […]

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