IRL: Ryan’s oil security review will cost government €224,000

Energy minister Eamon Ryan is spending almost a quarter of a million euro on a review of the security of Ireland’s oil supplies, which will include assessing the possibility of constructing an oil pipeline to Britain or continental Europe. Also up for review are the prospects of oil extraction in Irish waters and an assessment […]

Sustainability & the Pressing Need to Raise Our Collective Consciousness

We have all asked questions like: Who am I? How did I get here? What is my purpose in life? How did this body come together with this mind, perception and awareness? Most of us allow these heavy, seemingly unanswerable questions to glide by while we stay busy living our lives. But for some seekers, […]

Peak Oil Trends Paint “A Very Alarming Picture”

While energy demand may be tempered by a slowdown in global economic growth, longer term growing energy demands and supply constraints will continue to present incredible challenges. Much more capital will need to be allocated to the sector to address supply issues, which should create opportunities for investors. We noted the following developments in the […]

South America gas crisis solution fails

BUENOS AIRES, Argentina – The presidents of Argentina, Brazil and Bolivia failed to resolve a natural gas dispute Saturday, but agreed to study how to divide Bolivian supplies to avoid an energy crunch, an official said. Bolivian Energy Minister Carlos Villegas said the three leaders amicably discussed ways to divide up limited Bolivian supplies, but […]

Oil giants are poised to move into Basra

Western oil giants are poised to enter southern Iraq to tap the country’s vast reserves, despite the ongoing threat of violence, according to Gordon Brown’s business emissary to the country. Michael Wareing, who heads the new Basra Development Commission, acknowledged that there would be concerns among Iraqis about multinationals exploiting natural resources. Basra, where 4,000 […]

In New Mexico, storm gathers over Texas firm’s hopes for oil find

…After all, this hilly swath of high desert about 20 miles south of artsy, touristy Santa Fe has never been oil-and-gas country: That distinction belongs to the pumpjack-dotted landscape of the faraway southeastern and northwestern corners of New Mexico. Over the past couple of years, however, a Texas company has quietly leased the mineral rights […]

Move Over, Oil, There

SWEETWATER, Tex. Texas, once the oil capital of North America, is rapidly turning into the capital of wind power. After breakneck growth the last three years, Texas has reached the point that more than 3 percent of its electricity, enough to supply power to one million homes, comes from wind turbines. Texans are even turning […]

Peak oil holds enormous consequences for our lives

All across the world, people are starting to grasp the concept of peak oil. Decades ago, Shell geologist M. King Hubbert put forth the theory that oil production in the United States would peak in 1970. He based his postulate on the science that all things in nature exist on a standard bell curve. Going […]

US Senate Panel To Review Strategic Oil Reserve Policies

A U.S. Senate panel will next week review how the government uses the Strategic Petroleum Reserve, a spokesman for the committee said Friday. Some of the current administration’s policies for filling and using reserves from the SPR, an emergency crude stockpile, have come under harsh criticism from some Democratic leaders in Congress. In particular, the […]

Video: T. Boone Pickens on &100 Oil

Pickens now likes ethanol, predicts short-term decline in oil and natural gas prices.MSNBC Video

GM exec stands by calling global warming a ‘crock’

DETROIT (Reuters) – General Motors Corp Vice Chairman Bob Lutz has defended remarks he made dismissing global warming as a “total crock of sh*t,” saying his views had no bearing on GM’s commitment to build environmentally friendly vehicles. Lutz, GM’s outspoken product development chief, has been under fire from Internet bloggers since last month when […]

Australia: Tap new oil wells or pay a heavy price

The Federal Government has backed a push to open new frontiers for Australia’s oil and gas supply, warning that failure to discover the next big oilfield could cost the country up to $27 billion a year. A report by the Australian Petroleum Production and Exploration Association has found that only a quarter of Australia’s oil […]

The Ultimate Race

WHICH WILL END THE WORLD FIRST: GLOBAL WARMING OR PEAK OIL? There are two schools of thought on how civilization will destroy itself. Al Gore’s polar bears have gotten most of the pub, but coming up fast is Peak Oil, which says petroleum production is only going downhill with disastrous repercussions. We thought it might […]

Global shortage of commodities looming

In 10 years, today’s prices may look like a bargain Our peak oil thesis gained some new respect this week as oil prices hit yet another record, the first close over US$100 per barrel. Demand fluctuates, but it is all about supply, and supply concerns this week showed how tight the market really is. Peak […]

Iran to back OPEC oil cut

Iran will back a cut in production by OPEC when it meets in March and expects the group to take such action, the country’s oil minister said in remarks published on Saturday. Oil prices surged to a record high above $100 a barrel this week. Iranian officials have said factors such as speculation are behind […]

U.N. says world fisheries face collapse

A deadly combination of climate change, over-fishing and pollution could cause the collapse of commercial fish stocks worldwide within decades, said Achim Steiner, head of the United Nations Environment Program. “You overlap all of this and you see you’re potentially putting a death nail in the coffin of world fisheries,” Steiner told reporters on Friday […]

Scientists Invent Cheap Hydrogen Production Method

Engineers from Purdue University have developed a technique for producing hydrogen at a cost that would be competitive with other energy technologies. The researchers used a new aluminum alloy to produce hydrogen by splitting water. The alloy contains 95 percent aluminum and 5 percent of a combination of gallium, indium and tin. The key is […]

Eurostar: climate change concerns drive double-digit rise high-speed rail travel

The head of Eurostar, the high-speed rail service linking London to Paris and Brussels, said Friday that climate change worries helped make 2007 a banner year and urged the EU to rein in the “unsustainable” growth of airline carbon emissions. “We see a 30 percent growth in the number of business travelers on the Eurostar […]

US help for African energy crisis

The United States signed an agreement Friday designed to promote the role of the private sector in helping southern African countries overcome an energy crisis. Aging infrastructure and growing demand have led to an energy crisis in the region with Zambia hit by at least three nationwide blackouts and outages a common problem in Zimbabwe.In […]

S.Africa power crunch may benefit coal sector

South Africa’s electricity crisis has cost its economy dearly but it also offers the country a chance to revitalise its vital coal industry. Years of underinvestment in the power sector culminated in widespread supply shortages in January, shutting the mines Africa’s largest economy depends on and slashing the coal exports the rest of the world […]

Virgin biofuel jumbo trials won’t use algae

Trials of biofuels for airliners will use conventional, controversial feedstocks, it has been reported. Virgin Atlantic and Boeing had hoped to employ so-called “second-generation” biofuel feedstocks such as algae which wouldn’t threaten food production or biodiversity. The news comes as the UK government has announced a review of potential downsides to biofuel use. Speaking to […]

German Government Could Jettison Higher Biofuel Target

The German government has said it might scrap plans for a 5 percent rise in the amount of biofuel added to gasoline. The move has been prompted by concerns about motorists with cars that are not biofuel compatible. The German automobile association ADAC has warned that up to 1.5 million drivers will be unable to […]

Iran Says May Get 10 Percent of Global Gas Market in 20 Years

Iran could supply 10 percent of the world’s natural gas demand within 20 years as the country ramps up production at new fields, according to Seyed Reza Kasaeizadeh, head of the National Iranian Gas Co. Iran currently produces about 1 percent of world gas demand, Kasaeizadeh told the official Shana news agency.Energy consultant FACTS Inc. […]

Immense and untapped: Iraq’s oil

Iraq has a vast and untapped oil wealth, perhaps 100 billion barrels worth. That’s enough, industry experts say, to boost world oil supplies and trigger a decline in prices. Government officials hope to increase output from an average two million barrels a day to an average six million barrels over the next four to six […]

Stockholm bourse ends week down

Oil firm Lundin Petroleum was near the top of the winners list of major Swedish firms amid further gains in oil prices and renewed speculation that global oil production has reached its peak. Dagens Industri reports that according to Kjell Aleklett, a professor at Uppsala University and chairman of the Association for the Study of […]

Energy storage nears its day in the sun

MONACO (Reuters) – Energy storage is an unglamorous pillar of an expected revolution to clean up the world’s energy supply but will soon vie for investors attention with more alluring sources of energy like solar panels, manufacturers say. “It’s been in the background until now. It’s not sexy. It’s the enabler, not a source of […]

Peak Oil Passnotes: China Has Spoken

The market has spoken. For once the machinations of the market are being based not on herd mentality, software, technicals or the whims of the mass media. Instead the worrying thing is the moves to $100 oil are based on reality, demand. Chinese demand. It has not mattered a jot to China as oil has […]

China’s Peak Oil Debate Still In Its Infancy

Although the questionable ability of the world’s oil supplies to meet future demand growth is an issue that affects every nation on the planet, the debate on “peak oil” has tended to be a largely Western affair. Much of the anxiety over a potential looming supply crunch is based on projections for rising demand in […]

Brazil dances with OPEC

The country, likely to become a major exporter of crude, is serious about joining the cartel and – in the long term – could push up prices. NEW YORK (CNNMoney.com) — OPEC, the 13-nation cartel that has a huge influence over oil prices, may be expanding further into South America. News that the second largest […]

Just how expensive is our wheat in reality?

…To put it simply, the last couple of centuries, probably since the opening up of the Americas, have seen the price of food fall to unprecedented levels. Compared to our ancestors either we are unbelievably, fabulously rich, or the price of food is so incredibly cheap as to be incomprehensible to anyone born before 1500 […]

« 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