Petrobras oil production expected to return to normal by Tuesday

Oil production by Brazil’s oil and gas giant Petrobras is expected to return to normal by Tuesday, despite the strike by workers from the Campos basin platforms, the company announced Monday. The fall in oil production reached 16 percent on Monday morning, and dropped to 7 percent in the afternoon, which corresponds to 136,000 barrels […]

OPEC sees oil demand growth slowing in 2008, 2009

OPEC on Tuesday cut its forecast for global oil demand growth in 2008 for a fourth time this year and said consumption would slow in 2009, signalling a more comfortable supply and demand balance. The 13-member group, source of two in every five barrels of oil, also said the need for its oil in 2009 […]

Cote d’Ivoire: Abidjan Residents Protest Sudden Fuel Price Rise

Thousands of business-owners have closed down their shops across the capital today and several of the city’s main roads have been blocked in protest of a government decision to stop fuel subsidies, which caused prices to rise steeply overnight. The government, which has been subsidising fuel prices for the past three years, removed these subsidies […]

China: New life for coal in quake’s aftermath

Two months after the May 12, 8.0-magnitude earthquake that struck southwest China, with its epicenter at Wenchuan county in Sichuan province, the attention of Beijing’s leaders has shifted from the direct damages caused by the disaster to its potential corollary impacts on China’s growth and to maintaining President Hu Jintao’s “scientific outlook on development” and […]

Court blocks Kenyan biofuel project

Controversy over a massive biofuels project in Kenya took another twist last week as the country’s high court put a temporary stop on the plans. The High Court ruled that environmental and local farming groups could apply for a judicial review of the project, which is being run by the government and the sugar company […]

Bush, oil and the irrefutable facts

Just as Bush exploited the fear over 9/11 to lie America into the disastrous Iraq war, he is now using Americans exasperation over high energy prices to scare Americans into approving drilling in pristine areas of our country – not to help lower the price of energy, but to enrich the coffers of his oil […]

China still on the way to going green

Although China is moving forward on the road to energy conservation, it still has a long journey ahead if it is to hit the five-year goal of reducing energy intensity by 20 percent, statistics reveal. Figures from the National Bureau of Statistics, National Development and Reform Commission and National Energy Administration showed that in 2007, […]

China: More coal supply to ease power strain

China’s railway authorities vowed to step up power coal transportation to Beijing and its neighboring city of Tianjin and Tangshan on Monday, in a drive to close the demand-supply gap in the region and to ensure the power demand in the summer peak and for the coming Olympic Games. A source with the Ministry of […]

Is China’s Pollution Poisoning Its Children?

The coal-burning power station that loomed over Tongliang was a Vesuvius of PAHs , and its closure in 2004 changed environmental conditions in the city virtually overnight. That makes Tongliang something very rare in the world of epidemiology: a feasible laboratory for measuring the before-and-after health impacts of air pollutants. The city is still far […]

The great biofuels con

Growing crops for oil was supposed to solve global warming. Now, as food prices soar, biofuels stand condemned as a crime against humanity. Christopher Booker and Richard North report. Rarely in political history can there have been such a rapid and dramatic reversal of a received wisdom as we have seen in the past 18 […]

GM readies for new round of job cuts

DETROIT (Reuters) – General Motors Corp Chief Executive Rick Wagoner is slated to announce the automaker’s second major restructuring package in six weeks on Tuesday as the company looks to cut costs and win back investor confidence in the face of slumping sales. The cost-cutting will include widespread job cuts for white-collar workers, including engineers […]

Chrysler aims to have electric cars in three to five years

DETROIT (Reuters) – Chrysler LLC is planning to launch all-electric vehicles in the next three to five years, the latest automaker to join the race to produce cars with fuel-saving technologies. Chrysler’s new Envi unit, which was created last September, is developing vehicles that are intended to run on battery power alone for about 40 […]

Population boom will pressure forests: reports

LONDON (Reuters) – Booming demand for food, fuel and wood as the world’s population surges from six to nine billion will put unprecedented and unsustainable demand on the world’s remaining forests, two new reports said on Monday. The reports from the U.S.-based Rights and Resources Initiative (RRI) said this massive potential leap in deforestation could […]

America

Royal Dutch Shell, the international oil giant, thinks the solution to America’s oil crisis may lie in the heart of Colorado. Since 1981, the company has quietly funded a multi-million dollar research project that many call a quest for energy’s Holy Grail. The mission: to discover a way to safely and economically extract fuel from […]

Oil prices mixed on supply worries as Brazil strike begins

NEW YORK (AFP) In London, Brent North Sea oil for August fell 57 cents to settle at 143.92 dollars. Both contracts had hit record high levels Friday: 147.27 dollars in New York and 147.50 dollars in London. Agence France-Presse

Peak Oil Review — July 14, 2008

1. Production and Prices 2. China 3. Blackouts and Shortages 4. Washington 5. Energy Briefs 1. Production and Prices Oil prices fell by $10 a barrel during the first part of last week on reports of a more conciliatory attitude in Tehran, a rising dollar, and profit-taking. On Thursday and Friday, oil jumped by more […]

Japanese fishermen to strike over high fuel costs

Japan’s fishing industry, one of the largest in the world, will stage a mass strike Tuesday in protest at soaring fuel costs, part of a global backlash against surging oil prices. Some 200,000 fishing boats will cancel their trips for one day to urge the government for help to ease the impact of the fuel […]

Farming industry reeling as key input costs double (UK)

Diesel oil, which the agricultural industry is heavily dependent on, has risen from approximately 40p to 70p per litre in the last 12-15 months, while compound feed prices have increased from approximately FarmingUK

Event Horizon (Kunstler)

There’s a particular moment known to all Baby Boomers when Wile E. Coyote, in a rapture of over-reaching, has run past the edge of the mesa and, still licking his chops and rubbing his front paws in anticipation of fricasseed roadrunner, discovers that he is suspended in thin air by nothing more than momentum. Grin […]

Chile’s government battered by protests, polls

Students and teachers clash with riot police in clouds of tear gas, a minister is sacked by Congress over a funds scandal and soaring inflation stirs anger — President Michelle Bachelet’s government is in trouble. Buoyed by windfall copper revenues, Chile has long been lauded as Latin America’s most stable democracy and it has one […]

Diesel shortage hits Abu Dhabi

A diesel shortage affected many sectors in Abu Dhabi on Monday, with trucks stuck in massive queues waiting to refuel. Households and restaurants suffered due to a lack of a supply of essential items. The transportation of labourers from worksites to their accommodation was also affected. Diesel vehicles have had to queue at fuel stations […]

Truck industry under pressure (Australia)

The price of diesel is hurting trucking companies who are trying not to pass on the costs to their clients. General manager of Dubbo-based Robert Holmes Transport Bruce Lockie said his business was BlueMountainsGazette

AirTran shares plunge on downgrades

Two downgrades and a negative outlook given for the airline industry sent shares of AirTran Airways’ parent company tumbling Monday nearly 19 percent to a new 52-week low. There’s no near-term threat of a bankruptcy filing by the Orlando, Fla.-based discount carrier. But analysts and ratings agencies are concerned about AirTran’s deteriorating cash position in […]

Eight Reasons to Release Oil from the Strategic Petroleum Reserve

On July 8, Speaker of the House Nancy Pelosi wrote President George Bush to urge him to AmericanProgress

World Oil Markets In Chaos

World oil markets are in a state of total chaos and this is nowhere more evident than in the United States. The price for West Texas Intermediate (WTI), a benchmark crude oil for the US, has shot up by nearly 100% in less than a year and a substantial portion of this increase has taken […]

Unlike 2004, China oil demand unmoved by power woes

China’s worsening power woes are all but guaranteed to trigger a surge in imported oil, just as they did in 2004 during the worst crisis in decades, right? Wrong, say experts and industry sources. While the theme is familiar, the circumstances couldn’t be more different, suggesting that oil bulls looking for a reason to push […]

Multiple Birds

The consensus on The Oil Drum is that there is no single Electrifying our freight rail system will provide a Non-Oil Transportation alternative in an oil emergency, whether acute or chronic. Regardless of oil prices or availability, there would be a backbone of essential long distance transportation that requires no oil. And the USA, with […]

Projected California warming promises cycle of more heat waves

BERKELEY, CA. — As the 21st century progresses, major cities in heavily air-conditioned California can expect more frequent extreme-heat events because of climate change. This could mean increased electricity demand for the densely populated state, raising the risk of power shortages during heat waves, said Norman Miller, an earth scientist at Lawrence Berkeley National Laboratory […]

A report on how Australia can best respond to the environmental and economic challenges arising from its dependence on fossil fuels for transport is being released in Melbourne today. The report: Fuel for thought The report is the result of a year

Water: The forgotten crisis

This year, the world and, in particular, developing countries and the poor have been hit by both food and energy crises. As a consequence, prices for many staple foods have risen by up to 100%. When we examine the causes of the food crisis, a growing population, changes in trade patterns, urbanization, dietary changes, biofuel […]

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