Amid bluster over energy, Senate cuts a deal

GOP gets some drilling, nuclear, Democrats get wind, solar incentives High energy prices have become a bitterly contested political issue. Republicans are bashing Democrats for standing in the way of drilling for more oil and gas at home, while Democrats retort that their rivals are misleading the American public by saying that such drilling would […]

California ”water bank” in works amid drought

SAN FRANCISCO (Reuters) – California’s state government is forming a “water bank” to buy water for local water agencies at risk of shortages next year should a current drought persist, Gov. Arnold Schwarzenegger said on Thursday. Schwarzenegger in June declared the most populous U.S. state to officially be in drought and declared nine counties in […]

Localized Pollution Potentially Plays Large Role in Future Climate Change

Short-lived gases and particle pollutants NOAA The full CCSP report, Climate Projections Based on Emissions Scenarios for Long-Lived and Short-Lived Radiatively Active Gases and Aerosols, and a companion summary brochure are available online.

Honda to show new hybrid car at Paris auto show

TOKYO (Reuters) – Honda Motor Co will unveil a prototype of its eagerly awaited low-cost hybrid car due for launch in early 2009 at the Paris auto show next month, Japan’s No.2 automaker said on Thursday. The five-door, five-seater compact hatchback — Honda’s second attempt at a dedicated hybrid car after it discontinued production of […]

U.S. must increase nuclear power-Energy Minister

LONDON, Sept 4 (Reuters) – The United States needs to start generating more of its power from nuclear energy, but will still have to rely on coal and oil for the foreseeable future, the U.S. Assistant Secretary for Nuclear Energy said on Thursday. Dennis Spurgeon told a nuclear energy industry conference in London that the […]

Biofuels: Can a global standard solve the sustainability problem?

Biofuels are in the spotlight again for helping to drive up both carbon emissions and food prices The report said that international regulatory frameworks are currently insufficient to ensure that biofuel production takes place on marginal or idle land, and that beyond 2020 a supply gap of suitable land may result in unsustainable land conversion. […]

Ethanol: energy’s golden child dodges more darts

SIOUX FALLS, S.D. (AP) High ranking politicians, including presidential candidate John McCain

Bodman Says EIA Data Is `Reliable,’ Unaware of Probe

(Bloomberg) — U.S. Energy Secretary Samuel Bodman today defended the reliability of market data supplied to the Energy Information Administration and said he was unaware of a probe of participants providing false information. The Wall Street Journal reported today that the Commodity Futures Trading Commission is examining whether certain players provided false data to the […]

The Question Wall Street is Ignoring but the World Can

Is Oil Production Falling Faster Than Demand? Every Wall Street forecast of where oil prices are headed next But the evidence indicates that supply destruction is starting to hit key non-OPEC producers hard, and that supply destruction may soon outpace demand destruction, even as many developed nations endure economic downturns. Energy Tech Stocks

Big Three bailout may be around corner

Automakers seek $50 billion in low-interest loans to convert plants from trucks to fuel efficient cars; presidential election could help their chances. NEW YORK (CNNMoney.com) — Plunging auto sales, high gas prices and election year politics could help convince Congress to approve a $50 billion loan package to embattled U.S. automakers that Detroit’s Big Three […]

Entergy Warns Of Precarious Power Island Situation In SE Louisiana

Entergy’s transmission system has sustained extremely severe damage from Hurricane Gustav, damage that could make power restoration a difficult and slow process, especially in southeastern Louisiana. Thirteen of the 14 transmission lines serving the New Orleans metropolitan area are out of service due to the storm. This creates a situation where the New Orleans metropolitan […]

Gas guzzling temptation as prices fall

With prices at the pump continuing to slip, will memories of the summer’s gas crunch fade, tempting drivers to fall off the conservation wagon? NEW YORK (CNNMoney.com) — Although it was a painful summer for most drivers, it could have been worse had Americans not cut back on their gasoline consumption. Now, as summer ends […]

Gulf Coast Faces Sea Level-Sinkage Double Whammy

Hurricane Gustav has been a harsh reminder that it’s only the whim of a hurricane track, a few miles this way or that, which can make the difference between a close call and another Katrina-like catastrophe for New Orleans and other Gulf Coast communities. With the one-two punch being delivered by sinking land and rising […]

Paying the climate change bill

How much will it cost the European Union to fight global climate change? Clearly, the answer depends on what your target is, how you propose to get there, and the size of the EU The EU is not, these days, one of the world

Cheney colleague admits bribery in Halliburton oil deals

A former colleague of the US Vice-President, Dick Cheney, has pleaded guilty to funnelling millions of dollars in bribes to win lucrative contracts in Nigeria for Halliburton, during the period in the Nineties when Mr Cheney ran the giant oil and gas services company. Albert Stanley, who was appointed by Mr Cheney as chief executive […]

OPEC exports rise 110,000 bpd to Sept 20 – analyst

LONDON (Reuters) – OPEC oil exports, excluding Angola and Ecuador, will rise by 110,000 barrels per day (bpd) in the four weeks to Sept. 20, an analyst who tracks future flows said on Thursday. Seaborne crude exports from 11 OPEC members, including Iraq, will rise to 24.50 million bpd from 24.39 million bpd in the […]

Can US Natural Gas Production Be Ramped Up?

Navigant Consulting Inc (NCI) recently prepared a report called North American Natural Gas Supply Assessment on behalf of a natural gas organization called the American Clean Skies Foundation. In this report, NCI estimates the amounts shale gas and tight gas production can be increased in the next decade. These estimates suggest that US natural gas […]

British military reacting to climate change

LONDON – Climate change is forcing the British military to tailor its strategy and equipment for more extreme weather, a junior defense minister said Wednesday. Under-Secretary of State for Defense Derek Twigg said the British military was working on heat-resistant medical supplies and ways to reduce the weight carried by its soldiers in anticipation of […]

Opec invites Brazil to join group

Iran has invited Brazil to join oil producers’ cartel Opec, Brazil’s energy and mines minister has said. The moves comes after Brazil recently announced finding major sources of offshore oil, prompting significant international attention. Brazil is considering the invite. Its National Energy Policy Council has the final word on whether it wants to join. While […]

SEC rule change could fuel energy sector takeovers

A U.S. Securities and Exchange Commission plan to overhaul oil and gas reporting rules will boost oil companies Even though a reclassification of fields doesn

Gas prices confine sick people

Sick Americans who travel far or frequently to get medical treatment are skipping or delaying appointments, leaving support groups and applying for grants to defray high gasoline prices. People who visit the doctor multiple times each week or month, such as cancer patients undergoing chemotherapy and people needing dialysis, have been hardest hit. At the […]

Oil to weaken until OPEC gives policy signal: Barclays

LONDON (Reuters) – Oil prices are likely to remain under pressure until OPEC gives a clear signal on pricing/production policy, Barclays Capital (BARC.L: Quote, Profile, Research, Stock Buzz) said on Thursday. “We suspect that prices will continue to test the downside until key oil producers provide more of an indication as to what will drive […]

Kazakh Kashagan might start oil production in 2014

ASTANA (Reuters) – Commercial production at Kazakhstan’s giant Kashagan oil field is expected to start later than the agreed 2013 launch date, a Kazakh oil industry official said on Thursday. Tumir Kulibayev, head of the influential KazEnergy association whose members include major Kazakh oil companies including state-owned KazMunaiGas, said the delay would be technical and […]

Regulators probing oil supply data: report

(Reuters) – Commodity market regulators are probing whether energy market players are injecting false crude oil supply data into the marketplace, the Wall Street Journal said. Regulators are concerned that companies may be reporting inventory levels that benefit their own trading positions but may not be accurate, the paper said, citing people familiar with the […]

Climate change may cut plague cases in U.S.: study

OSLO (Reuters) – Rare outbreaks of plague in the United States seem to match climate shifts over the Pacific Ocean in a hint that global warming may make the region too hot and dry for the disease, scientists said on Wednesday. Feared as the “Black Death” of the 14th century that killed an estimated 50 […]

NZ – Parliament passes biofuel bill

Parliament last night passed legislation requiring oil companies to supply biofuel at a fixed percentage of their total sales. They have to start supplying it in October this year at 0.5 percent, rising to 2.5 percent by 2012. Decisions about which type of biofuel is supplied, how much of it is blended with fossil fuels […]

Dutch Brewers Say Enthusiasm for Biofuels Waning

Enthusiasm for biofuels is receding and European legislators have become more sensitive to the needs of the food industry, hit by soaring commodities prices, the head of the Dutch brewers’ association (CBK) says. “I am not as afraid as last year that vast areas will be planted with rape seed, replacing grain crops,” Jack Verhoek […]

Oil Producers May Compel Opec to Cut Supply

There are indications that major oil producers may compel Organisation of Petroleum Exporting Countries (OPEC) to cut supply when the group meets on September 9, in Vienna, Austria. This was sequel to the sharp drop in crude oil price to below $110 per barrel yesterday, after reaching a record high of $147.42 per barrel on […]

Iran and the left in Latin America

Bolivian President Evo Morales is in Tehran this week, ushering in a new chapter in his country’s economic and strategic cooperation with the Islamic Republic of Iran, which has promised a hefty investment in Bolivia’s energy sector and other joint ventures, some involving other Latin and Central American countries, such as Venezuela and Nicaragua, not […]

Solar power companies face end of Spanish subsidies

Growth in solar power installations in Italy may not be enough to offset shrinking global demand, Italian industry experts say. Part of that reduced demand could come in Spain, where solar power companies face a drastic slowdown next year because the government is preparing to sharply reduce subsidies.Generous subsidies in Spain will expire this month […]

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