Report from 33d Intl. Geology Congress in Norway (By Charlie Hall)

Below is an email by Professor Charles Hall from SUNY-Syracuse detailing his recent trip to an international Geology conference in Norway. Though written for his friends and colleagues, I thought the details and insights he shared from his trip to Norway would be worth sharing with the TOD readership, particularly the comments on peak oil […]

Thirst for oil feeds Oman innovation

…For Oman, the plunge into enhanced oil recovery is a necessity. The world’s other oil producers, even Saudi Arabia, will one day follow. With oil prices wedged above $100 a barrel this year, investors worldwide are sinking billions of dollars into enhanced oil recovery. “The world has to,” said Matt Simmons, an energy investment banker […]

Iran to double oil reserve capacity

LONDON (IranMania) – Iran plans to start construction of four one-million oil storage tanks in Kharg Island in a bid to double its oil reserve capacity, PressTV reported. The managing director of Oil Terminals Company, a subsidiary of the state-run National Iranian Oil Company, says the new storage capacity is necessary to store seasonal offshore […]

Georgia official: Train on fire after hitting mine

TBILISI, Georgia – A train carrying oil products hit a land mine near Georgia’s strategic central city of Gori on Sunday, causing at least two tanker cars to burst into flames, a government official said. A television report however said 10 tanker cars were on fire about 6 miles east of Gori. Television footage showed […]

Russia’s oil boom may be running on empty

MOSCOW – The Russian oil boom, which has produced a gusher of cash, political power and an opulent elite – and has helped fuel the country’s renewed assertiveness in Georgia and elsewhere – is on shakier ground than officials in Moscow would like to admit. Most of the oil produced after the country’s 1998 financial […]

‘Clock ticking’ on global warming: UN climate chief

Time is running out in the fight against global warming, the UN’s top climate change official warned as a new round of UN talks got started here Thursday. The world’s forests — which are disappearing at a rate of about 30 million hectares (74 million acres) per year — soak up more than 20 percent […]

Not a Safe Route

Oil and gas traveling through Georgia was supposed to free Europe from Russia. Not anymore. Russia’s invasion of Georgia threatened a major transit corridor for oil and gas from the Caspian Sea, raising questions about Western energy security. Major pipelines through Georgia supply Europe with more than 1 million barrels of oil per day and […]

Forecasting oil price has little investment value

…I too have had an eerie sense of deja vu when reading recent dissertations on the oil price, and how it in future will change our mode of behaviour. For instance, due to the high price of gasoline, the concept of suburban living is so yesterday. And of course, long distance travel by car or […]

Canada: Escape from suburbia

If professors of urban planning wanted to present their students with a vivid example of suburbia gone wrong, and went looking across North America for one, it’s entirely conceivable that they’d eventually find themselves in Kanata, gazing upon the unfortunate community of Bridlewood. Citizen columnist Randall Denley has invoked the apt metaphor of a horror […]

Americans think worst of 2008 oil spike over: poll

WASHINGTON (Reuters) – Most Americans think that the worst of the fuel price spike that pushed gasoline above $4 per gallon has passed, but they have little hope that the housing market will stage a swift recovery, according to a Reuters/Zogby poll released on Wednesday. The economy has jumped to the top of voters’ concerns […]

Ag secretary: Biofuels good for farmers, security

MITCHELL, S.D. – Expanded production of renewable biofuels promises newfound riches for farmers but also improved national security, U.S. Agriculture Secretary Ed Schafer said Thursday at the Dakotafest farm show. “They are here to stay. They are part of our energy solutions,” he said at a forum with Sen. John Thune, R-S.D. “If we’re going […]

Buffett, Gates, mutant fish frame oil sands debate

CALGARY, Alberta (Reuters) – In the high-stakes battle between the oil industry and environmentalists over the image of Canada’s oil sands, it appears a pair of multibillionaires beats a two-mouthed fish. The week started out tough for oil sands producers, whose shares had been beaten down as crude prices skidded and projects suffered more cost […]

The (renewable) electron economy, part 6

Why electricity is the energy carrier of choice There are sound physical reasons why the three main contenders for the energy supply for transport turn out to be the three electron economies: renewables, nuclear, and coal CCS. We have determined there that electric drive vehicles either attached to the grid or powered by some version […]

The Russian power play on oil, natural gas reserves

THE LAST few years have been humbling for multinational energy corporations, which until recently were the most self-assured, if not arrogant, businesses in the world. This change in status has been particularly dramatic in Russia, where nearly every foreign private energy corporation has met its comeuppance. Yet these same foreign operators endure the pain and […]

Will Canada’s oil boom be an environmental bust?

High prices “Their projected rates of expansion are so fast that we don’t have a hope in hell of reducing greenhouse gas emissions,” said Dr. David Schindler, an environmental scientist at the University of Alberta. Associated Press

Opec set to cut oil supplies after weakening demand sparks sharp price fall

OIL cartel Opec is expected to reduce supplies next month following a sharp fall in crude prices on Friday. The value of US crude fell 5.5% to $114.59 a barrel Analysts put this drop down to rising supply levels and weakening global demand. They said this may lead Opec to cut the flow of oil […]

Peak Oil And Future History

Yes, there are other factors beside oil to consider in the Great Crash. We live in a morass of bad politics, bad economics, and bad education (and bad news media that spoon-feed us with half-truths), and we elect thieves and liars to guide us. But the loss of oil, which is almost the only support […]

Saudi Arabia: Buying the farm

Feeding its own people more cheaply WHILE Saudi Arabia sets up its first sovereign wealth fund, ordinary Saudis are more preoccupied with the rising price of food. This is prompting the Saudi government to consider a new direction for foreign investment: buying farms in the poorer parts of the world. Inflation in Saudi Arabia is […]

The Veep

A two-year-old letter by Vice President Dick Cheney that pushed a controversial Alaska natural-gas pipeline bill is getting renewed scrutiny because of recently disclosed evidence in the Justice Department’s corruption case against Sen. Ted Stevens. In a conversation secretly tape-recorded by the FBI on June 25, 2006, Stevens discussed ways to get a pipeline bill […]

A New World Order?

Vierma

Oil: Apocalypse Now

Shot in 13 countries over a four-year period, Oil Apocalypse Now? reveals the myths and conspiracy theories surrounding the future of our world’s oil supplies. It includes interviews with over 30 of the most influential people on both sides of the argument to examine if the oil age is coming to an end. Is there […]

WWRPD – What Would Ron Paul Do?

…Our fiscal crisis is complex, multi-faceted and dangerous to our long-term future. The major issues that we need to confront include the current fiscal situation, the colossal amount of unfunded liabilities that our politicians have obligated us to pay, our dependence on foreign oil, our education system, and a dearth of leadership and political courage. […]

Syria becomes oil importer as production continues to decline

LONDON “Oil has been the mainstay of the Syrian economy for over four decades, but production passed its peak of 610,000 barrels per day in 1995 and is now falling even more rapidly than had been forecast,” OBG said in a report. The report said Syria, in contrast to previous forecasts, has failed to meet […]

The Next Bailout: Detroit

First came Bear Stearns, then mortgage lenders and borrowers, followed by Fannie Mae and Freddie Mac: They’ve all looked to Uncle Sam for a bailout, and now the word around Washington is that Detroit will be next on the taxpayer supplicant list. Earlier this month, the Detroit Free Press reported that the top dogs at […]

Oil: Biggest drop in 17 years

Crude prices fall by largest dollar amount since 1991 as investors fear the decline in U.S. demand could spread overseas as Europe’s economies slow. NEW YORK (CNNMoney.com) — Oil prices plummeted Friday, erasing the previous session’s spike, as the dollar strengthened and investors worried that a decline in demand will spread outside the United States. […]

Why T. Boone Pickens Could Be the Best Hope for Wind Energy

The Texas oilman’s ‘green conversion’ is all about business All of a sudden, everyone seems to be talking about wind energy. Sleek, gray wind turbines, rising hundreds of feet into the sky, rotate in steady, clockwise loops in television ads that pop up almost hourly. Both presidential candidates have heartily endorsed wind power. Even oil […]

Q: Will we see $3 gasoline before we see $5?

Short-term dip in oil prices will not offset long-term increases A: “Who knows?” and “It doesn’t really matter.” Much higher gasoline prices that are sustained for a long, long time are now inevitable. The fundamentals in the oil market are that we are in the beginning stages of peak oil. Supply can no longer keep […]

Carbon funds grow in ‘08 but slowed by uncertainty

LONDON (Reuters) – The global carbon fund market, which invests in emissions offset credits from clean energy projects in developing countries, has risen by 63 percent to nearly $13 billion so far in 2008, environmental market analysts said on Thursday. Although strong, the carbon fund market’s growth was outpaced by the overall carbon emissions market […]

Melting Arctic Ocean opens shipping frontier

BARROW, Alaska – Rapidly melting ice on Alaska’s Arctic is opening up a new navigable ocean in the extreme north, allowing oil tankers, fishing vessels and even cruise ships to venture into a realm once trolled mostly by indigenous hunters. The Coast Guard expects so much traffic that it opened two temporary stations on the […]

Golden image of corn-based ethanol shows some erosion

CLAREMONT, Minn. Market changes and a growing chorus of concerns about ethanol make Doyal and other ethanol supporters question how long the good times will last. Corn prices, though down lately, remain high at $5.98 a bushel, making it harder for ethanol producers to profit. Livestock producers blame the ethanol industry for driving up feed […]

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