Iraq to revive oil deal with China

BAGHDAD (AP) Associated Press

Oil fight could trigger a federal shutdown

House Republicans, who’ve been hounding Speaker Nancy Pelosi for weeks over her refusal to allow a vote on new domestic oil drilling, are plotting a high-stakes confrontation this fall that could spark a shutdown of the federal government. Republicans see an opportunity when Congress returns Sept. 8 and will have to pass a temporary measure […]

Georgia: Europe fears for oil supply as clash threatens pipeline

Western alarm is growing over the threat that the conflict poses to a critical oil pipeline that delivers oil and gas from Central Asia to Europe and the United States. While Georgia has no significant oil of its own, a 249km (154mile) stretch of the Baku-Tbilisi-Ceyhan pipeline runs through the country. This by-passes Russia, carrying […]

Australia: Rising costs fuel economic stress

Economic stress caused by rising fuel and mortgage costs is creating the need for massive investment in public transport systems, according to research undertaken by Griffith university. The VAMPIRE (Vulnerability Assessment for Mortgage, Petroleum and Inflation Risks and Expenses) index identifies the relative degree of socio-economic stress in suburbs in Brisbane, Sydney, Melbourne, Adelaide and […]

Opec crude supply faces disruptions

TEHRAN: Rising Opec output has cut the group’s spare capacity and left the oil market vulnerable to any surprise supply disruptions, Iran’s Opec governor said yesterday. The Organisation of the Petroleum Exporting Countries pumped more oil for the third consecutive month last month, helping to bring prices down $30 from a peak above $147 a […]

Jordan, Shell in talks to extract oil from huge shale reserves

AMMAN (AFP) – Energy-poor Jordan said on Sunday it was in talks with Anglo-Dutch group Royal Dutch Shell on an agreement to extract oil from the desert kingdom’s 40-billion-tonne oil shale reserves. “Negotiations with Shell to sign a deal to process oil shale in Jordan are nearing an end,” said Maher Hjazin, head of the […]

Georgia: Russia targets key oil pipeline with over 50 missiles

Russian jets targeted a key oil pipeline with over 50 missiles in a weekend bombing raid in Georgia that raised fears the conflict will tighten Moscow’s stranglehold on Europe’s energy supplies. Deep craters pockmark the landscape south of the Georgian capital Tblisi in a Y-shaped pattern straddling the British-operated pipeline. The attack left two deep […]

Even Giants Are Being Hurt By Rising Energy Prices

In general it may be true that if we were willing – and in some cases able – to pay more for food, then some serious problems with our food system might be solved. The same may be said of our energy system – higher energy prices will make it much easier for renewable energy […]

Massive fire at Toronto propane depot forces thousands to flee

Highway 401 shut in both directions, 3 subway stations closed Thousands of people fled their homes in a residential neighbourhood of Toronto early Sunday following a series of explosions and a massive fire at a propane depot. Police report at least two injuries involving people hit by broken glass and fiery debris that shot into […]

Scotland plans link to Norway power supply

Scotland is drawing up plans to build the world’s longest electricity connector – to Norway – to help meet its renewable targets and end its dependence on nuclear power. The whole project could cost more than The plan could raise the hackles of MPs already concerned about Scottish politicians’ push for independence. The UK depends […]

Hamas bans use of cars that run on cooking gas

GAZA CITY, Gaza Strip: Gaza’s Hamas-run government banned the use of cooking gas to fuel cars in the territory on Saturday, citing expected shortages ahead of the Muslim month of Ramadan. Earlier this year, Israel slashed fuel shipments in response to attacks from the Gaza Strip, leading to a severe shortage. As a result, around […]

Oil Springs, Ont., celebrates 150 years as birthplace of petroleum industry

…It Fairbank, who just bought two electric bicycles (his wife drives a Prius), said he hopes the anniversary reminds people about the value of crude oil and the need to preserve it. “Three tablespoons, for instance, is the work of a man for eight hours,” he said. “If you look at oil in terms of […]

Iran, Algeria to discuss OPEC-style gas group

TEHRAN (Reuters) – Iran and Algeria are expected to discuss the formation of an OPEC-style gas group during a visit by Algerian president Abdelaziz Bouteflika to Tehran, Iran’s ambassador to Algeria said in remarks published on Sunday. The two energy producers would also discuss broadening economic cooperation, Iran’s Ambassador to Algeria Hussein Abdi Abyanah was […]

Big Oil, No Mojo

With BP battered in Russia, and Total looking beyond petrol to nukes, what does the future hold? BP CEO Tony Hayward is fighting the biggest battle in the British oil giant’s history since it enlisted the CIA to overthrow the Iranian government for nationalizing the company’s holdings in 1953. Except this time, the odds seem […]

We can drill our way out

The oracles of Added to that are immense amounts of oil and other fossil fuels, invested in the combined proven and projected reserves of oil shale, natural gas and petroleum, coal and uranium in North America. These will be available and necessary for us to make an orderly transition to our economic future, as we […]

Canada says science backs up its Arctic claim

OTTAWA (AFP) – Canada says it has scientific proof of its territorial claims over a vast portion of the Arctic, amid debate between northern nations over sovereignty in the oil-rich region. Natural Resources Minister Gary Lunn said Friday joint research with Denmark had found that the undersea Lomonosov Ridge is attached to the North American […]

It’s Official: The Caspian is a Terrorist Target

The surprise isn A Kurdish rebel group known as the PKK says it

Azerbaijan halts oil exports via Georgia ports: state oil firm

BAKU (AFP) Agence France-Presse

The Great Energy Confusion

Forget about a candid national conversation on energy. As john McCain and Barack Obama campaigned last week, that much seemed clear. To lower oil prices (which were already dropping), Obama proposed releasing 10 percent of the Strategic Petroleum Reserve. This is an atrocious idea. The SPR was intended as insurance against a catastrophic loss of […]

Getting More Constructive on Crude Oil

Peak Oil I could go on and on about Peak Oil but I refer you to the site Oil Drum and Matt Simmons Peak Oil mitigation: 9 women can

Ethanol battle unlikely to fade

Livestock, food industries discuss intensifying push to change law Efforts to cut or freeze U.S. corn ethanol requirements are unlikely to end with the federal government’s denial Thursday of Texas Gov. Rick Perry’s plea to waive half of this year’s mandate. Livestock and food industry groups that backed the request already are talking about increased […]

High Oil Prices Herald Era of Hard-to-Get Resource

The energy apocalypse has arrived, say doomsayers. In fact, it came a few years ago, when the world reached the maximum rate of petroleum production, known as the peak oil. Output has been declining since then. The doomsayers say the trend will only accelerate, with grave consequences for the world economy. But most mainstream energy […]

Oil prices turn bearish, but the bulls may yet return

NEW YORK (AFP) “The market is simple reflecting the fundamentals of supply and demand. Markets participants are considering the world slowdown, the deterioration in expectations for the growth worldwide,” Williams said. The slowdown in economic growth has a significant impact on energy consumption, analysts say. […] But a return to the forefront of problems with […]

Analysis: Fresh energy problems for new president

WASHINGTON (AP) But the next president is likely to face more immediate concerns. Atop high gasoline prices, Americans will be getting huge winter heating bills just as he settles in. […] The debate over offshore drilling is not expected to subside in the first months of the next presidency

Tight pipe supplies bedevil U.S. energy companies

HOUSTON (Reuters) – A shortage of steel pipes could disrupt the boom in U.S. natural gas drilling for the energy companies that rely on the tubes to drill and line their wells. Seamless steel pipes, known as tubular goods in the oil patch, are in short supply after an unexpected resurgence in the North American […]

OPEC should consider oil cut if needed: Venezuela

CARACAS (Reuters) – OPEC should consider an output cut at its upcoming meeting, if it were warranted by market circumstances, Venezuela Energy Minister Rafael Ramirez said on Friday, adding Venezuela could back such a cut. “If a production cut were needed to stabilize the market, it would have to be considered,” he told reporters. When […]

Fuel shock threatens permanent dent in demand

NEW YORK (Reuters) – The high price of crude oil has brought more than just a 1970s-style gasoline shock to U.S. motorists — it may have triggered a 1970s-style slowdown in fuel use that could linger even if prices fall. Gasoline demand in the world’s biggest consumer is on track for its first annual decline […]

THOMAS FRIEDMAN: Learning to Speak Climate

… It’s easy to learn. There are only three phrases. The first is: “Just a few years ago The third phrase is: “Well usually

Video: Australia: Murray Darling situation

THE deteriorating Lower Lakes are expected to get much worse over the next year, with the Murray Darling Basin Commission warning prospects for irrigation and the environment are “grim”. In its regular monthly drought update released this week, the commission dismissed speculation there was excess water upstream which could be released to fill the Lower […]

Georgia declares ’state of war’

Georgia’s parliament has approved a decree saying the country is in a “state of war”, as hostilities with Russia escalated over the breakaway region of South Ossetia. The decree by Mikheil Saakashvili, the Georgian president, was announced on Saturday and is to remain effective for 15 days. … Even as the South Ossetian conflict mounted, […]

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