PetroChina May Buy Energy Assets Weakened by Crisis

PetroChina Co., Asia’s biggest oil producer, may buy energy companies made vulnerable by the global credit crisis to expand output and meet rising fuel demand in China, Chairman Jiang Jiemin said. PetroChina is studying the possibility of acquiring financially stressed resources companies, Jiang told reporters after a shareholders meeting in Beijing today.Oil companies in China […]

Solar Rickshaws Hit the Streets of Delhi

Spend any time in Delhi and you’ll see endless lines of bicycle rickshaws filling the city’s streets. They provide quick, cheap transportation for millions of people, but what about the poor guy behind the handlebars? Pedaling one of those things around has to be exhausting. That’s one reason the emergence of India’s first solar-electric bicycle […]

India: Thermal plants face coal shortage

More than 60 per cent of India’s coal-based power plants are running with less than a week’s consumption of coal, threatening to affect power availability at a time when India’s peak deficit is hovering at around 15 per cent. The Central Electricity Authority (CEA), the apex power sector planning body, said in its latest report […]

Clean coal technology ‘not progressing’

Not enough progress is being made towards developing “clean coal” technology, the International Energy Agency has warned.In a report released in Europe overnight, the IEA said CCS could be a viable and competitive way to reducing the world’s greenhouse gas emissions.But the technology needed a kickstart. The IEA noted developed countries had endorsed its push […]

Russia, Iran and Qatar announce cartel to control 60% of world’s gas supplies

Western concerns about global energy markets hit new heights last night when Russia, Iran and Qatar said they were forming an Opec-style gas cartel. The move by the three countries, which control 60% of the world’s gas reserves, was met with immediate opposition from the European commission, which fears the group could drive up prices.Alexey […]

Peru’s Fledgling Ethanol Industry Eyes Growth

Energy companies, gobbling up land and pouring money into projects along Peru’s northern coast, are betting they can leverage the country’s impending access to US markets to make it an important producer of sugar cane-based ethanol. So far, eight companies have invested some $480 million to develop the popular alternative fuel in Peru. Most intend […]

Startup Turns CO2 Into Fuel

Researchers developing alternatives to fossil fuels are working with everything from algae to babassu oil to corn, but a California company says it can recycle carbon dioxide into fuel. Carbon Sciences claims it has developed a way of using the CO2 emitted during the combustion of coal, oil and other hydrocarbons to create transportation fuels […]

OPEC says action needed to avoid huge oil glut

The world faces a huge oversupply of oil next year should production continue at current rates, OPEC’s secretary general said on Tuesday, as his organisation prepares for an emergency meeting to discuss output cuts. Some members of the group, which pumps about 40 percent of the world’s oil, are backing an output cut of 3 […]

General Assembly Members Discuss Gas Flow to Georgia

ATLANTA (MyFOX Atlanta) — The severe gasoline shortage a few weeks ago has state legislators saying “never again.” The push is on now to find ways to prevent the frustrating lines we saw after hurricanes shut down Gulf Coast refineries. The gasoline shortage exposed a thin supply line and the impact of human nature. General […]

Pemex Output Falls 14% on Cantarell, Hurricane Ike

(Bloomberg) — Petroleos Mexicanos, the state-owned oil company, said monthly crude output fell to the lowest since November 1995 on decreased demand from U.S. refiners and as its largest field declined. Production fell to 2.722 million barrels a day in September, a decline of 14 percent from a year ago, Mexico City- based Pemex, as […]

UN chief: Climate change is world’s defining issue

CAMBRIDGE — Calling global warming “the defining issue of our time,” UN Secretary General Ban Ki-moon urged immediate international action to counteract the “imminent threat” of climate change. In a wide-ranging speech this afternoon at Harvard’s Kennedy School of Government, Ban said it was crucial to ratify an international treaty on greenhouse-gas emissions before the […]

Winds of change: A beacon of optimism

The Government claims Britain is ready for massive investment in wind energy, but the renewable energy sector warns there are big obstacles to overcome. Wind is the new oil and the North Sea will be the new Gulf of Arabia. As the banking sector grinds to a halt and the real economy stutters gloomily towards […]

Preparing for Peak Oil

The Oil Depletion Analysis Centre (ODAC) is an independent, UK-registered educational charity working to raise international public awareness and promote better understanding of the world

China seeking breakthrough in Russia energy

BEIJING (Reuters) – Chinese Premier Wen Jiabao will seek “breakthrough progress” on long-frustrated energy ties with Russia in talks next week, a senior diplomat said on Tuesday. Wen will visit Russia from October 27 to October 29 before flying on to Kazakhstan for a meeting of the Shanghai Cooperation Organization of Central Asian states and […]

Gas cartel could have a significant impact on Europe

As the secretary-general of Opec flew into Moscow yesterday to talk about oil, Alexei Miller, the chairman of Gazprom, was jetting out of Tehran after concluding talks about gas with Iran and Qatar. We need not worry that Russia is about to join the oily club. Today’s visit by Abdullah al-Badri is a formality, but […]

Biofuels: From hope to husk

It was an American dream that has failed to become a reality. For much of the last decade, enthusiasts from President George W. Bush down have touted corn-based ethanol as something approaching a superfuel, a home-grown alternative to foreign oil that would help cut smog and bring hope to struggling farmers. It has not worked […]

Rich world seen behind global pollution

NEW YORK (Reuters) – Rich countries are partly responsible for pollution from poor ones, including poisonous mining discharge, because they buy many of the raw materials and goods that produce the waste, environmental groups said. “In our part of the world, these problems have been fixed for the most part,” said Richard Fuller, founder of […]

As Oil Prices Drop, OPEC Ponders Tough Solutions

At the beginning of the year, OPEC producers felt confident that strong economic growth and tight supplies would keep oil prices high. When oil crossed the $100-a-barrel threshold in February, the cartel As the global economy continues to weaken, the Organization of the Petroleum Exporting Countries faces its toughest test in years. The problem for […]

Running on rocket fuel

In the world of “cut and thrust,” humans try to bank money to obtain financial security, and often form cooperatives to reduce risks and increase gains. Many humans also end up in poverty traps, where because of meager resources and an increasingly high cost of living they find themselves unable to raise their heads above […]

Alternative Energy Suddenly Faces Headwinds

HOUSTON Advocates are concerned that if the prices for oil and gas keep falling, the incentive for utilities and consumers to buy expensive renewable energy will shrink. That is what happened in the 1980s when a decade of advances for alternative energy collapsed amid falling prices for conventional fuels.

Richard Heinberg: The Green New Deal

Conversations at the Bioneers conference last weekend (and by e-mail for many days now) have been dominated by a single theme: There is immediate need for a coherent policy with which the new US administration can deal with both the financial crash and the energy transition. Instead of propping up failing financial institutions, the new […]

Climate change factors into conservationist buys

Climate change is prompting some conservation groups to broaden strategy in buying pristine lands, recognizing that some may be under water in 50 years or undergo other drastic changes. For the first time, land trusts and other conservationists are factoring in evidence that global warming is altering the migration of species, reconfiguring coastlines and transforming […]

Russia, Iran, Qatar discuss OPEC-style gas cartel

TEHRAN, Iran The prospect has raised concern in the United States and around the 27-nation European Union, which depends on Russia for nearly half of its natural gas imports. Moscow, which controls many of the European pipelines delivering gas from Russia and Central Asia, already has a tight hold on supplies. Russia has been accused […]

Hard times have some flirting with survivalism

Economic angst has Americans stockpiling ‘beans, bullets and Band-Aids

Excerpt: ‘Tar Sands’, by Andrew Nikiforuk

Declaration of a Political Emergency The world’s oil party is coming to a dramatic close, and Canada has adopted a new geodestiny: providing the United States with bitumen, a low-quality, high-cost substitute. Northern Alberta’s bituminous sands, a national treasure, are the globe’s last great remaining oil field. This strategic boreal resource has attracted nearly 60 […]

3 Oil-Rich Countries Face a Reckoning

CARACAS, Venezuela … Daniel Yergin, chairman of Cambridge Energy Research Associates, a consulting firm in Cambridge, Mass., said oil states were facing something of a reckoning. Originally, he said, they saw the economic crisis as a problem mainly for the United States

Pickens’ natural gas idea picking up steam

Will cars be fueled by CNG? Yes, if ex-oil tycoon has any say in the matter What will power your car a decade from now? Billionaire T. Boone Pickens is betting big that it will be compressed natural gas. The former oil tycoon has put $58 million into touting his “Pickens Plan” in TV ads, […]

Is the Sun Setting on Solar Power in Spain?

Plentiful sunshine isn’t the only reason entrepreneurs and industry have flocked to Spain. The Spanish advantage includes abundant land, strong demand for air conditioning, mammoth infrastructural firms to fast-track projects, and, most importantly, generous subsidies. The nation’s feed-in tariffs guarantee 25 years of up to triple the market price for solar energy, making it the […]

Peak Oil Review – Oct 20

1. Oil amidst the financial crisis 2. The OPEC production cut 3. The Russian meltdown 4. Briefs 1. Oil amidst the financial crisis The multi-trillion dollar coordinated government bailout of the world

Solar Refrigeration: A Hot Idea for Cooling

How to build a solar refrigerator: the brighter the sun, the better it works. Fishermen in the village of Maruata, which is located on the Mexican Pacific coast 18 degrees north of the equator, have no electricity. But for the past 16 years they have been able to store their fish on ice: Seven ice […]

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