We must plan a survival strategy for our species

…Earlier this month, I attended a week-long blue-chip scientific workshop on measuring sustainability, organised by the Ernst Strungmann Forum in Frankfurt, Germany. Some of the best boffins in the business were there to discuss how sustainably we use, or could use, water, land, energy and materials – what you might call the four horsemen of […]

How Global Warming May Affect U.S. Beaches, Coastline

In Several scientists from Scripps Institution of Oceanography at UC San Diego are finding that sea level rise will have different consequences in different places but that they will be profound on virtually all coastlines. Land in some areas of the Atlantic and Gulf coasts of the United States will simply be underwater. Science Daily

OPEC to announce output cut, but not this weekend

LONDON – OPEC looks set to announce a further output cut of up to 1.5 million barrels per day (bpd) this year but will probably wait until its next policy meeting in December before making the move, a poll suggested on Monday. Eight of 15 oil analysts surveyed by Reuters Nov. 21-24 said the Organization […]

Aramco drops $1.2bn Dammam project as crude prices plummet

DUBAI: Saudi Arabian Oil Co, the world Aramco didn

Oil Is Cheap. Why Is Gas, Which Is Made From Oil, Even Cheaper?

Crude oil futures recently fell to about $50 a barrel, the cheapest they have been since May 2005. How does this relate to gasoline prices? There is a relationship between crude oil prices and gasoline prices, since oil is used to make gasoline. But there is not a simple, linear, one-to-one relationship. In the futures […]

Timing is everything

As I watched a panel of speakers take questions about Michigan’s and, by extension, the world’s energy future at a recent conference, I was struck by how different their unspoken timetables for change were. The panel included peak oil lecturer and author Richard Heinberg who other than James Howard Kunstler is probably the most widely […]

Popularity contest

Solar baseload outshines ‘clean coal’ — and it always will Concentrated solar thermal power — aka solar baseload — remains hot. The Daily Climate has a nice update: All told some 60 plants are either under construction or under contract worldwide — with most in either Spain or the United States — for a total […]

‘Hedging is a waste of time,’ UBS analyst tells airlines

Singapore (Platts) — The world’s airlines should stay away from trading oil derivatives and hedging in general because the exercise had proven to be “a waste of time,” the head of Asia transport research at Swiss bank UBS, Damien Horth, told a meeting of the world’s airlines in China late last week. “I would be […]

Now is time to get energy equation right

The oil shock of the 1970s was a rude awakening. OPEC created artificial oil shortages that sent prices soaring. This changed the world forever by initiating a transfer of wealth to the Middle East that continues to this day. For awhile, indignant Americans pledged to change their habits and end the nation’s addiction to foreign […]

Natural gas from U.S. shale could double

WASHINGTON, Nov. 21 (UPI) — An energy association said Friday that production of natural gas from shale deposits in the United States could be doubled over the next decade. The Natural Gas Supply Association said its calculations indicated that 25 percent of U.S. natural gas demand could be satisfied by the exploiting shale beds located […]

Don’t count on gas costs staying low

Could the era of cheap fuel be back? Oil costs one-third what it did this summer. Gasoline prices now average less than $2 per gallon, their lowest level in more than three years. Although California is a bit more expensive – about $2.20 per gallon – prices here are falling every day. So is this […]

Fall in oil price getting ”dangerous”: Total CEO

PARIS (Reuters) – The sharp drop in the price of oil is worrying and could hinder investment in the industry, Total Chief Executive Christophe de Margerie said on Sunday.

Reuters

UK: Wind turbines would need to cover Wales to supply 1/6 of energy needs

AN area the size of Wales would need to be covered in wind turbines to meet just a sixth of the nation’s daily energy needs, according to a new study that has cast doubt over the Government’s push for wind energy. Professor David MacKay, a physicist at Cambridge University, said ministers would have to look […]

Fuel from food? The feast is over

AMSTERDAM, Netherlands (AP) Two years later, the search is on for ways to keep corn on the table rather than in the gas tank. Moving away from food crops, the biofuel of the future may come from the tall grass growing wild by the roadside, from grain stalks left behind by the harvest, and from […]

No electricity? Island now energy independent

Three-acre property boasts wind turbine, solar panels and Segways MYSTIC, Conn. – Energy independence is still only a hypothetical goal for the U.S., but the owner of a tiny island off the coast of Connecticut says he has already achieved that feat and is offering his work as a model. Dean Kamen, inventor of the […]

Solar panels on graves power Spanish town

Enough energy is made to power 60 homes in this novel approach MADRID, Spain – A new kind of silent hero has joined the fight against climate change. Santa Coloma de Gramenet, a gritty, working-class town outside Barcelona, has placed a sea of solar panels atop mausoleums at its cemetery, transforming a place of perpetual […]

Russia’s Medvedev to discuss oil consortium in Venezuela

A (Reuters) – Russian President Dmitry Medvedev will discuss the creation of a joint consortium to further develop the Orinoco oil field during a visit to Caracas on Wednesday, the deputy head of gas giant Gazprom said. “The consortium will be the main theme (of energy talks in Caracas),” Gazprom’s (GAZP.MM: Quote, Profile, Research, Stock […]

Average U.S. gasoline price falls below $2/gallon

NEW YORK (Reuters) – U.S. average retail gasoline prices fell below $2 per gallon, due to a continuing slide in crude oil prices, falling gasoline demand and a weakening global economy, according to the latest nationwide Lundberg survey. “It is the first time that the average price for regular gasoline has been below $2 a […]

Oil

Oil prices have sunk close to break-even for Saudi Arabia, the world But with crude

The right to eat: Earth faces starvation

More people Drastic food and gas price increases, coupled with agricultural shortfalls due to climate disasters, and the more recent global financial crisis, are factors that have triggered an unprecedented food emergency in 36 countries in Africa, Asia and South America. These new challenges threaten sustainable food security worldwide. Russia Today

Russian companies interested in exploring for oil in Cuban waters in Gulf

HAVANA (AP) _ Russian oil companies could soon begin searching for oil in deep Gulf of Mexico waters off Cuba, a top diplomat said just days before Russian President Dmitry Medvedev visits the island. Russian oil companies have “concrete projects” for drilling in Cuba’s part of the gulf, said Mijail Kamynin, Russia’s ambassador to Cuba, […]

Russia president, warships to Venezuela to counter US

CARACAS (Reuters) – Warships, nuclear power, arms sales and perhaps cooperation on oil prices — Russia’s President Dmitry Medvedev is in Venezuela this week with an alarming sounding list to wave under Washington’s nose. The U.S. government dismisses the importance of Medvedev’s visit on Wednesday to meet Venezuelan President Hugo Chavez and the deployment of […]

Iran holds defence drills, warns on oil route

TEHRAN (Reuters) – An Iranian militia held civil defence drills on Sunday to prepare for any hostile air strikes and the military said it could close a waterway crucial for world oil supplies if Iran was attacked. The exercises organised by student members of the Basij militia were held at hundreds of schools across the […]

Laos: The resentment rises as villagers are stripped of holdings and livelihood

The blackened tree trunks say it all. Three times in recent months these tracts of palm oil plantation have gone up in smoke, along with plants and machinery. The neighbouring coconut operation suffered the same fate, but there the Thai owners replanted. Here, the Malaysians had had enough and called it a day. The sabotage […]

Deffeyes: To The Peak Oil Community

…Many of us are hoping that President Obama will be another FDR. If the oil trap snares him, he could be forced into the Herbert Hoover mold. Maybe Karl Marx was right. Don’t nobody tell, but Oil & Gas Journal (November 17, 2008) reports that Henry Waxman, the new chairman of the House Committee on […]

Oil giants talk tax to kill environment

Evidence is mounting of a coordinated global oil industry effort to seize upon the international economic crisis as an opportunity to The opening salvo was fired in late October by Chevron CEO Roy Krzywosinski, who told a major industry conference in Perth that he was so angry about the threat of carbon emissions regulations that […]

G.M.

DETROIT In ads that ran this week, the company said of the Volt:

Iran could live with $5 oil – Ahmadinejad

Iran could live with an oil price as low as $5 per barrel, President Mahmoud Ahmadinejad was quoted as saying on Sunday, in comments at odds with the views of the IMF and economic analysts. Like other major crude exporters, Iran is facing declining revenue as global oil prices have tumbled by two-thirds to $50 […]

From the Kremlin to Caracas, how oil collapse changes everything

As the price of a barrel falls to below $50 for the first time in years – to a third of its value just a few months ago – petrol will be cheaper but the shockwaves mean crisis for oil-producing nations and further instability for a battered global economy Russia is lurching towards a major […]

Army backs the hydrogen highway

In a side bet on “green power,” the U.S. Army has awarded a $1.8 million contract to develop hydrogen filling stations for military vehicles, hoping it pays off with reduced fossil-fuel consumption and increased efficiency. …”The United States military is dedicated to developing the latest technology that will ultimately enable the realization of a state-of-the […]

« 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