Britain ‘faces power cuts threat’

The UK will experience prolonged power cuts in about five years unless urgent action is taken now, a report warns. It said a third of generation capacity was due to be decommissioned by 2020, but was not being replaced fast enough. The report, by nuclear supporting Fells Associates, said new reactors would not be ready […]

Hurricane Ike damages several US offshore platforms

HOUSTON, Sept 16 (Reuters) – Huge waves and howling winds from Hurricane Ike damaged several offshore platforms in the Gulf of Mexico — including BP’s big Mad Dog facility — a sign a full recovery of oil and natural gas production in the region could be a long way off. Threats from hurricanes since late […]

Nigeria militants threaten broader ”oil war” in delta

PORT HARCOURT, Nigeria (Reuters) – Nigerian militants threatened on Wednesday to broaden their “oil war” to offshore oilfields, after attacking another Shell-operated (RDSa.L: Quote, Profile, Research, Stock Buzz) oil flow station in the Niger Delta. The Movement for the Emancipation of the Niger Delta (MEND), responsible for attacks that have cut a fifth of OPEC […]

Debunking Supply Shock Myth

The seeds of the 1970s’ stagflation were sown during the overheated economy of the late 1960s Inflation is high at present. Assessing to what extent this is due to demand overheating or supply shocks is essential to formulating suitable policy responses. This requires delving into past data and debate. A prominent view is that inflation […]

Race on to develop pipes to transport ethanol

BISMARCK, N.D. – Outside of the debate over how big a role ethanol will have as a viable U.S. energy source has been the lingering problem of transporting the biofuel, which can eat away pipes used for traditional fuels. Ethanol has not been shipped on a commercial scale in existing pipelines because its high oxygen […]

House passes bill allowing offshore drilling

WASHINGTON (Reuters) – The U.S. House of Representatives passed legislation Tuesday that lifts a longstanding ban on offshore oil drilling, opening most of the U.S. coastline to exploration. The package proposed by Democrats would give states the option to allow drilling between 50 and 100 miles (80 and 160 km) off their shores. Areas more […]

US consumer prices ease on cheaper energy

WASHINGTON, Sept 16 (Reuters) – U.S. consumer prices posted their first monthly drop in nearly two years during August as a weakening global economy cut energy costs and relieved some inflation pressures, government data showed on Tuesday. The Labor Department’s consumer price index, the most widely used gauge of inflation, eased 0.1 percent last month […]

Physicists urge U.S. to prioritize energy efficiency

WASHINGTON — The U.S. can reduce its dependence on foreign oil and greenhouse gas emissions by making cars and buildings much more energy efficient, according to a study released Tuesday by a large national association of physicists. The 46,000-member American Physical Society argues the need for action is urgent because the energy crisis is the […]

Bomb left outside Shell’s Dublin office

A bomb left outside the Dublin offices of the energy giant Shell has been described as a Shell is building a controversial gas pipeline from the offshore Corrib gas field on Ireland

Australia: Bus system heading for a crash

BUSES have quietly plied their way around the leafy northern suburbs of Sydney without too much trouble for the past two decades. But that is set to change drastically if petrol prices continue to rise, according to an alarming new report by the University of Sydney. In a worst-case scenario, where the price of petrol […]

Expert: Rebalancing global economy means more energy to developing economies

LONDON (Xinhua) — A profound rebalancing of the global economy requires increasing levels of energy and amounts of raw materials for developing countries, Pierre Gadnonneix, head of World Energy Council said here on Tuesday. Speaking at the opening ceremony of the two-day FT-WEC Energy Leaders Summit, the WEC chairman said: “The IMF estimates that by […]

Study: Health care begins to feel economic impact

Higher oil prices, a weak U.S. dollar and other factors are increasing the cost of raw materials used for health care products, according to a recent study. However, the trade association representing medical product distributors, which produced the report, and officials with two health-care facilities in Houston said so far the price increases haven’t trickled […]

Saudi Arabia Will Probably Cut Oil Supply, Riyadh Banker Says

(Bloomberg) — Saudi Arabia, the world’s biggest crude oil exporter, will probably reduce supplies before the next OPEC meeting in December after the group pledged to respect output quotas, a Riyadh-based banker said. The Organization of Petroleum Exporting Countries told its members on Sept. 10 to “strictly” comply with production quotas after oil prices fell […]

Fuel shortage forces CMS bus restrictions

Charlotte-Mecklenburg Schools is going into fuel conservation mode. With diesel supplies reduced because of Hurricane Ike Activities requiring use of yellow or white school buses

Peak Oil, or Just Peak Oil Prices?

Do falling oil prices mean Plenty of analysts figured $200 oil was inevitable; at the very least, $100 would be the

Wind Energy: Small Is Beautiful

Ron Stimmel of the American Wind Energy Association explains what every homeowner should know before installing a small wind turbine on their property. Why would someone install a small wind turbine? Generating your own clean electricity is a pretty powerful motivator for a lot of people. Every time a turbine spins around, those are clean, […]

Ukraine’s government falls apart

Ukraine’s ruling pro-Western coalition has officially collapsed, the speaker of the Ukrainian parliament says. “I officially declare the coalition of democratic forces… in Ukraine’s parliament dissolved,” parliament speaker Arseny Yatsenyuk announced on Tuesday. “This has been long expected, but for me it is extremely sad,” he told the chamber. “I would not call this a […]

Ice Core Studies Confirm Accuracy Of Climate Models

An analysis has been completed of the global carbon cycle and climate for a 70,000 year period in the most recent Ice Age, showing a remarkable correlation between carbon dioxide levels and surprisingly abrupt changes in climate. …In contrast to the relatively low levels of carbon dioxide in the Ice Age, the burning of fossil […]

Lower oil production is the real story

…While Exxon Mobil boosted production from fields in West Africa and the North Sea, the gains weren’t enough to offset declines from aging oil fields, the company said. The company blamed the decline in part on its contracts with oil-producing countries, which allow those countries to claim a larger share of oil volumes as prices […]

Brazil turns down OPEC invitation

SAO PAULO, Brazil (AP) — Top Brazilian energy officials say they have declined an invite from Saudi Arabia to join OPEC, explaining that Brazil plans to refine, not export, crude oil from recently discovered deep water reserves. Brazilian state news agency Agencia Brasil on Monday cited Mines and Energy Minister Edison Lobao, who said the […]

Pakistan orders troops to open fire if US raids

ISLAMABAD, Pakistan – Pakistan’s military has ordered its forces to open fire if U.S. troops launch another air or ground raid across the Afghan border, an army spokesman said Tuesday. The orders, which come in response to a highly unusual Sept. 3 ground attack by U.S. commandos, are certain to heighten tensions between Washington and […]

As Oil and Gas Prices Rise, Wood Stoves Gain Converts

JEFFERSON VALLEY, N.Y.

Nigerian militants say Shell pipeline destroyed

LAGOS (AFP) – A Nigerian rebel group said Tuesday it had blown up and destroyed a Royal Dutch Shell pipeline in the latest attack in its “oil war” on western firms. The Movement for the Emancipation of the Niger Delta (MEND) also said it would soon release two South African hostages it rescued from pirates […]

Energy Solutions

With energy a primary focus in Washington, a bipartisan group of 20 senators, including Susan Collins, have come together to offer a comprehensive new energy plan. Their policy, a mix of more energy production, conservation and a lot of government funding, offers a good starting point for an overdue plan to reduce the country’s dependence […]

A disruptive time of profound change

At a time of rapid technological progress, with the stakes potentially as high as they could possibly be, it is no suprise that much of the talk about energy has become super-heated. […] It is important to take a reality check on this talk. Fossil fuels For transport, no alternative source has yet been found […]

Biofuels: Hopes ride on next generation

It did not take long for biofuels to turn from one of the darlings of the environmental movement to the bugbear. As recently as 2004, green groups such as Friends of the Earth were calling for an expansion of biofuels to make road transport greener. Biofuels, derived from plants, are carbon-neutral over their lifetime But […]

Lithium battery for many vehicles seen a ways off

ARGONNE NATIONAL LABORATORY, Illinois (Reuters) – Vast improvements are needed to extend the life and lower the cost of lithium batteries before they can efficiently power vehicles, a U.S. government official who tracks high-power battery development said on Monday. Lithium-ion batteries are widely predicted to replace nickel metal-hydride batteries currently used in most hybrid vehicles, […]

Cleaning Up Coal’s Act

Cleaning Up Coal’s Act New projects offer the chance to tap inaccessible reserves, as well as limit the release of harmful gases BEIJING — India and China are at the forefront of a new wave in clean-coal technology that has the potential to tap enormous and otherwise inaccessible coal reserves — and to slow the […]

Experts: ‘Irrational’ behavior drives gas prices more than Ike

(CNN) — Gas prices across the Southeast and Midwest soared over the weekend, and while many would blame Hurricane Ike, human nature may be a more likely scapegoat. Experts say that when a perception exists that gas is limited — warranted or not — consumers flock to the pumps even if officials implore them to […]

The price of oil has nowhere to go but up

ROME — It’s amazing how quickly we’ve become accustomed to expensive oil. But what is expensive? When oil climbed to an all-time high of $147 (U.S.) a barrel in July, our oil-addicted planet seemed on the verge of economic suicide. Then came the selloff. The current price of $100-and-change seems a bargain, even though it’s […]

« 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