Oil output losses worse than feared

The amount of oil production losses caused by hurricanes Ike and Gustav in the energy-rich US Gulf of Mexico is far greater than initially predicted, helping to keep prices above $100 (€68, The amount of crude processed last week by US refineries dropped to 11.5m barrels a day, below the 11.7m b/d level after hurricanes […]

Saudi Oil, OPEC’s Ire

Saudi King Abdullah wants to bring prices down to ensure long-term demand, but other OPEC ministers disagree The Saudis have long memories and recall how high prices can cut into consumption; it happened in the 1980s and it’s happening again now. Any threat to oil’s leading role as a source of energy is a big […]

Venezuela, Russia join forces on oil ventures

Venezuela and Russia plan to create a giant oil consortium to invest in joint oil ventures. “They’ve offered us the chance to create an oil consortium…the largest in the world,” Venezuela’s President Hugo Chavez said in televised remarks from Moscow.The consortium would include state oil company Petroleos de Venezuela SA, PdVSA, and Russia’s Lukoil Holdings, […]

Food prices ‘to remain high in next four years’

Global food prices are to remain high until 2012 given high demand amid fast-growing population and rapid biofuel development, the Agriculture Ministry has warned. Achmad Suryana, head of the ministry’s Food Security Agency, said Wednesday evening, population growth and increasing biofuel projects would push up the global stock-to-consumption ratio for many crops.At present, the stock-to-consumption […]

”Green” energy should create 20 mln jobs by 2030: U.N.

Development of alternative energy should create more than 20 million jobs around the world in coming decades as governments adopt policies to reduce greenhouse gas emissions, according to a U.N. report released on Wednesday. Some 2.3 million people already work in green energy jobs with half of them in biofuels, said the report “Green Jobs: […]

Bill Gates goes green with algae biofuel investment

The world’s richest software geek, Microsoft chairman Bill Gates, is one of the investors behind the latest round of funding for algae biofuel company Sapphire Energy. The Series B funding brings the total funding in Sapphire Energy to “substantially more than $100m” and investors include Gates’ investment company Cascade Investment, Arch Venture Partners, Wellcome Trust […]

Bright idea gives solar-power cyclists a fresh pair of legs

A solar-assisted bicycle that gives riders extra pedal power has been invented. The bright yellow device operates like a normal pedal cycle but has a canopy lined with solar cells overhead.When the user pedals in the sunshine the rays charge a battery that powers an electric motor in the back wheel, propelling the bike at […]

Rising solar output could hit producers’ margins

Solar companies’ success in ramping up new production lines and factories could leave the fast-growing renewable energy market awash in solar panels next year, driving down prices and profit margins in the nascent industry. The recent move by this year’s hottest solar market, Spain, to cut its cap on subsidies for new solar panels has […]

Solar panels are new hot property for thieves

Glenda Hoffman has an answer for the thieves, should they choose to return to her home in Desert Hot Springs, California. “I have a shotgun right next to the bed and a .22 under my pillow.” Hoffman was the victim of a theft that one industry professional has dubbed “the crime of the future”. Another […]

More methane plumes found in Arctic

Hundreds more methane plumes have been discovered in the Arctic raising fresh fears that the greenhouse gas is contributing to global warming. A British team of scientists found the gas, which is 20 times more potent than carbon dioxide as a greenhouse gas, being released from the seabed to the west of the Norwegian island […]

Food shortage catastrophe creeping up on the world

…The second major new demand factor is the significant push for biofuels in response to climate change and fears of peak oil. As an example, the US ethanol industry alone will use 104 million tonnes of corn next year to produce ethanol. That is 100% of average annual world coarse grain trade and 6.4% of […]

Gas Thieves Suspected in U-Haul Explosion

RIVERSIDE — Authorities believe gasoline thieves are behind an explosion at a U-Haul lot in Cathedral City. …Firefighters found telltale signs of gas siphoning, which included cut-off sections of garden hoses that were left in the tanks of three trucks, according to Cathedral City Fire Chief Mike Hatfield. Gas caps had also been removed from […]

Troubled South taps New Haven CT gas

For a couple of hours on Monday, a New Haven gasoline terminal was empty. “It happens from time to time,” said Eugene Guilford Jr., executive director of the Independent Connecticut Petroleum Association, of a huge gasoline storage tank at the harbor running dry. When Ike swamped Texas earlier this month and idled 14 refineries in […]

Ag. Engineer Suggests Low-Energy Alternative to High-Temperature Grain Drying

ST JOSEPH, MICHIGAN “With today’s high fuel prices, a natural-air drying system becomes doubly valuable and well worth considering,

Simple device which uses electrical field could boost gas efficiency

With the high cost of gasoline and diesel fuel impacting costs for automobiles, trucks, buses and the overall economy, a Temple University physics professor has developed a simple device which could dramatically improve fuel efficiency as much as 20 percent. According to Rongjia Tao, Chair of Temple’s Physics Department, the small device consists of an […]

Oil makes the world go

…Boiled down, his thorough and vivid presentation, which touched on every geopolitical aspect of energy production worldwide …

Pickens: Natural gas, Warren Buffett could ease nation’s woes

Roberts: Let me turn to the energy issue. … We’ve talked about your plan to wean America off of foreign oil, use natural gas, you know, get wind power going. You’re also — correct me if I’m wrong — but you’re going to be launching another series of ads here encouraging the presidential candidates to […]

OPEC exports to jump 540,000 bpd to Oct.11 – analyst

LONDON (Reuters) – OPEC oil exports, excluding Angola and Ecuador, will jump by 540,000 barrels per day (bpd) in the four weeks to Oct. 11, on strong Asian demand and seasonal factors, an analyst who tracks future flows said on Thursday. Seaborne crude exports from 11 OPEC members, including Iraq, will leap to 24.75 million […]

Peak Oil, Power & Potatoes

Balancing Old & New, Big & Small As Money & Energy Decline The power of concentrated money – capital as we usually call it – is clearly enormous. Some things have to be done with collected resources if you want civilisation to continue, especially things to do with transport. But then there is the fact […]

Gas shortages reportedly critical in western N.C.

Hundreds of cars lined streets this morning as motorists in the Charlotte metro region tried to cope with an ever-worsening gasoline shortage situation. Some motorists waited up to five hours, and fights were reported as people accused other customers of cutting in line. Some gas stations that opened this morning with what they thought were […]

Day 2 in Sacramento at the ASPO-USA meeting

Monday, September 22, was the first day of the formal meeting, following the Breakout sessions on Sunday. The meeting had over 500 attendees, so that all the seats were full as the meeting started, and there were soon folk standing at the back of the hall. Kjell Aleklett, President of ASPO-International, began with a brief […]

Global carbon emissions rising rapidly – study

SINGAPORE (Reuters) – Global carbon emissions rose rapidly in 2007, an annual study says, with developing nations such as China and India now producing more than half of mankind’s output of carbon dioxide, the main gas blamed for global warming. The Global Carbon Project said in its report carbon dioxide emissions from mankind are growing […]

Russia wants to influence global oil price – minister

PETROPAVLOVSK-KAMCHATSKY, Russia (Reuters) – Russia wants to influence global oil prices through output forecasts and mothballing deposits for future development, Energy Minister Sergei Shmatko said on Thursday. Shmatko said Russia’s policy would not involve coordinated action with OPEC states, although he said Russia admired OPEC’s influence on prices and should do its part to smooth […]

The Klare Choice

Michael T. Klare argues for energy independence. …What do you make of the efforts to push for off-shore drilling? Let’s begin with the fact that the U.S. only has 3 or 4 percent of world’s remaining oil reserves. There’s no way it will make a huge dent in America’s oil craving. It could only provide […]

Mexico curbs oil output, cites US refinery damage

MEXICO CITY: Mexico’s state oil company said it is temporarily reducing oil production because U.S. refineries damaged by Hurricane Ike have canceled or delayed shipment orders. Petroleos Mexicanos, or Pemex, said it lowered output by 250,000 barrels a day on Tuesday. But the company said Wednesday that it expects production to be back to normal […]

Obama declares support for ‘clean’ coal

Barack Obama has proclaimed his support for the US coal industry after running mate Joe Biden declared ‘no coal plants here in America’ Barack Obama’s campaign yesterday rushed to proclaim his support for “clean coal” technology after remarks by running mate Joe Biden cast doubts on Democratic friendliness to the coal industry. In a videotaped […]

Farming interns sow their sustainable oats

A New Jersey farm teaches developing-world farmers and Americans with a desire to get back to the earth. …Through its internship program, the farm is an outdoor academy I moved into Howell

Defense Science Board Report: DoD Energy Strategy 2008

Sec 2.2.2 Peak Oil: Among the implications for DoD are that after peaking, prices for fuel will be even higher than today. The Task Force did not discuss the geopolitical, economic or national security implications of peak oil, but the recommendations in this report regarding reduced fuel demand would help mitigate its effects. Sec 2.2.3 […]

Toyota will give natural gas a spark

When it comes to fuel efficient technologies, the only play that may get a bigger snub from Americans than diesel is natural gas. Toyota may jump in and try to change that when the Japanese hybrid king shows a natural gas-fueled Camry sedan at the Los Angeles Auto Show in November. No word yet on […]

DOD Energy Strategy: Teaching an Old Dog New Tricks

2011 proved to be an important year. After 8 years of occupation in Iraq, the last remaining US forces pulled out in June 2011 when Congress eliminated funding for the war effort. The well orchestrated Al Qaeda attacks in September that year completely shut down Saudi Arabia

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