Transportation Energy Data Book

The Department of Energy has just released the 27th edition of the Transportation Energy Data Book. The book, available at http://cta.ornl.gov/data/index.shtml, is produced by Stacy Davis of Oak Ridge National Laboratory’s Center for Transportation Analysis. New data in this year’s edition include: transportation petroleum use by mode; ethanol consumption; number of vehicles per 1000 people […]

Henry Hub shut, NYMEX declares force majeure

NEW YORK (Reuters) – The Henry Hub natural gas futures delivery point and other Sabine Pipeline operations were shut down due to Hurricane Ike, the New York Mercantile Exchange said on Saturday. As a result, NYMEX said it declared force majeure “with respect to all remaining delivery obligations in the September 2008 Natural Gas contract […]

Nigeria militants order oil workers to leave delta

ABUJA (Reuters) – Nigeria’s most prominent militant group on Saturday warned oil companies in the restive Niger Delta to withdraw their workers in the next 24 hours after a gunbattle with security forces. The Movement for the Emancipation of the Niger Delta (MEND), responsible for attacks that have cut more than a fifth of the […]

Riley declares state of emergency, price gouging law goes into effect

Gov. Bob Riley Friday declared a state of emergency for Alabama after he received new information from the U.S. Department of Energy that energy shortages will likely occur in the state due to Hurricane Ike. Riley’s declaration notes that Earlier in the day, the governor

Workers, employers welcome 4-day week

Started as an economic measure, it’s a growing trend, despite a few snags. …Public employers are at the forefront. In Minnesota, cities from Albertville to Zimmerman, counties and schools are making the switch or considering it. Even some private businesses, although more tentatively, are embracing what they call the compressed workweek. Higher energy costs are […]

Hurricane Ike, Energy Infrastructure, Refineries and Damage Models Landfall

Don’t get me wrong, there will be a lot of damage from this event – insured losses in the $15 to $20 Billion range, storm total impacts in excess of $60 Billion (if you include evacuation costs, etc.). But with what I see right now, my guess would be that the petrochemical industry recovers fairly […]

US, Venezuela escalate crisis

CARACAS/WASHINGTON (Reuters) – The United States on Friday imposed sanctions on Venezuelan officials it accused of helping Colombian rebels smuggle drugs, deepening a diplomatic crisis that raised the specter of an oil supply cutoff. The U.S. Treasury Department said Venezuela’s top two intelligence chiefs and a recently retired interior minister had assisted Marxist guerrillas fighting […]

Ike Forces Shutdown of 19% of Refining Capacity, Limiting Fuel

(Bloomberg) — Hurricane Ike, which will make landfall along the U.S. Gulf Coast today, caused more than 19 percent of the nations refining capacity to close and may limit fuel deliveries across the country. At least 13 refineries in Texas were shutting down as Ike approached. Gulf Coast refineries and ports are the source of […]

Russia Stock Market Fall Is Said to Imperil Oil Boom

Rattled by falling oil prices and the war in Georgia, Russia’s stock market has slumped so severely that it now threatens the country’s oil-fueled boom of recent years, economists say. The benchmark RTS index has lost 46 percent of its value since its peak in May, representing a paper loss of about $700 billion for […]

India dreams big on biofuel but can it deliver?

India’s drive to ramp up biofuels use within a decade offers hope to a struggling biodiesel sector, but without a clear roadmap, commercial production will remain years away, a top trade official said. India agreed on Thursday to lift biofuel blending to 20 percent by 2017, worrying some analysts who fear it may be at […]

India: Govt says coal shortage impeding growth plans

A coal shortage has forced India to delay plans to expand its electricity production by nearly 50 percent, a minister said on Thursday, as power supply bottlenecks threaten to undermine the country’s economic growth. The government has been unable to allocate coal to new power plants that are meant to generate more than 60 gigawatts […]

Policy, not protesters, should be on trial

Unlike the jury in Maidstone, policy-makers seem unable to grasp that unabated coal burning will lead to climate disaster The Greenpeace campaigners claimed their action had a lawful basis, because their intention was to help avoid the costs and damages that would arise from future climate changes. That seems to me utterly consistent with the […]

Coal Court: Did Greenpeace Help Planet By Defacing U.K. Coal Plant?

Does the threat of future harm from climate change offer legal cover to environmental activists to damage property in the here and now? That’s the can of worms opened up by a British court case involving a half dozen Greenpeace protesters who defaced a coal plant, causing more than $50,000 in damage, but who were […]

Solar energy can meet global energy demands

The world must speed up the deployment of solar power as it has the potential to meet all the world’s energy needs, the chairman of an industry gathering which wrapped up Friday in Spain said. “The solar energy resource is enormous, and distributed all over the world, in all countries and also oceans,” said Daniel […]

A bright future for solar power

Fidelity Investments is the world’s biggest investment manager. It has more than $1tn in its custody, and its hard-nosed managers scour the world to exploit the best profit opportunities. It believes in the efficiency of free markets. Pinko-lefty Guardian types are thin on the ground. Yet the organisation recently sent five of its top money […]

Germany, Korea eclipse California in solar

SANTA CLARA, Calif. — It’s a sunnier climate for solar equipment makers in Germany and South Korea than in the beach state of California, according to presentations from leaders of the three hot spots competing for global investment from the emerging green tech industry. “You guys have really gotten ahead of us and I will […]

Press Conference to Announce Opposition to Oil & Gas Drilling Off Calif

Assemblymember Pedro Nava, Chair of the Joint Committee on Emergency Services and Homeland Security was joined by Environment California, Sierra Club California, and the Natural Resources Defense Council to announce opposition to renewed efforts by Congress and the President of the United States to open up the coasts of the United States to offshore oil […]

UN chief calls solar-powered taxi ride ‘fantastic’

Secretary-General Ban Ki-moon called his first solar-powered taxi ride “fantastic” and urged more innovations to tackle climate change. The U.N. chief arrived at U.N. headquarters Friday in the solar-powered car that is making its way around the world. It will conclude its journey at the next round of climate change talks in Poznan, Poland in […]

Oil shale development seems always just over horizon

Oil companies still get blamed for putting their profits ahead of whatever people believe are the best interests of this country. And, while politicians in Denver and Washington now get blamed for delaying oil shale development, there is still a sizeable portion of the population that is eager to believe the As I have written […]

Nuclear output could as much as double by 2030-IAEA

VIENNA, Sept 11 (Reuters) – Nuclear power production could as much as double by 2030 as countries seek relief from rising fossil fuel costs and a remedy against global warming, the International Atomic Energy Agency said on Thursday. “Nuclear power, in step with growing global demand for energy, will continue expanding into the next two […]

USDA overestimates corn-to-ethanol use: trade group

WASHINGTON (Reuters) – U.S. ethanol refiners are unlikely to use as much corn in the coming year as the government estimates due to weak margins and high corn prices, a trade group said on Friday. U.S. ethanol refiners probably will consume 3.8 billion bushels of corn in the next 12 months to make the alternative […]

Russia tries to raise oil production

With analysts expecting production to fall this year for the first time in a decade, Russian companies are pushing to find new oil in remote regions such as the Arctic Shelf and East Siberia Associated Press

Hurricane Ike Shuts Down Heart of Nation’s Oil and Gas Industries

The arrival of Hurricane Ike in southern Texas shut down the heart of the nation’s oil and gas industry, as companies evacuated production platforms and closed down refineries along the Gulf Coast. In anticipation of what was expected to be a Category 3 storm, nearly 98 percent of the oil and 94 percent of the […]

Antarctic winter ice gets bigger; Arctic shrinks

OSLO (Reuters) – The amount of sea ice around Antarctica has grown in recent Septembers in what could be an unusual side-effect of global warming, experts said on Friday. In the southern hemisphere winter, when emperor penguins huddle together against the biting cold, ice on the sea around Antarctica has been increasing since the late […]

Russia says it must stake claim to Arctic resources

MOSCOW (Reuters) – Russia must stake its claim to a slice of the Arctic’s vast resources, the secretary of Russia’s Security Council said on Friday at an unprecedented session of the council held on a desolate Arctic island. Russia, the world’s second biggest oil exporter, is in a race with Canada, Denmark, Norway and the […]

San Antonio will turn sewage into energy

Methane gas emitted by biosolids expected to earn up to $250,000 a year SAN ANTONIO – The city plans to turn the stench of its residents’ waste into sweet green cash and renewable energy. The San Antonio Water System will sell captured methane gas generated from the utility’s treatment of 140,000 tons of biosolids, or […]

Fishermen recycle junk into power, scrap metal

‘Fishing for Energy’ program started in Hawaii, now in New England BOSTON – When fishing gear is lost off boats, it’s not really gone. In webs and rolling clumps, the nets, ropes and traps endure for decades as destructive artifacts of the fishery, suffocating life on the ocean floor, snaring fish and twisting into propellers. […]

Renewable, efficient energy touted to US lawmakers

WASHINGTON (Reuters) – Energy experts urged U.S. lawmakers on Friday to focus on efficiency and renewable energy, as well as increased domestic production, as they consider legislation to address volatile fuel prices. Speaking at a bipartisan energy summit hosted by the U.S. Senate, experts encouraged lawmakers to invest in research and technology and make tax […]

Commodities and Oil

After starting to recover a bit in mid-August, commodities have just been crushed in September. Selling is overwhelming and universal, shattering countless technical support lines. Investors But successful investing and speculation demand total emotional neutrality, that we actively suppress and ignore our own greed and fear. Yes, the selling has been relentless and painful. Yes, […]

Highlight: Oil Apocalypse Now?

British filmmaker Andrew Evans travelled the globe to create this documentary examining the impact of rising oil prices. For every “Drill, baby, drill” enthusiast like Sarah Palin and U.S. Energy Administration head Guy Caruso, there’s an industry insider like energy investment banker Matthew Simmons and former oil exec Colin Campbell who believe oil has had […]

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