Eyes on dwindling Big Oil reserves after tough quarter

Investors are looking beyond what was clearly a tough first quarter for major oil companies, and toward how they can ramp up production levels to meet demand whenever the economy bounces back. Questions about how to replace reserves, whether through projects in the pipeline or acquisitions, loom large for an industry caught between tougher regulations […]

Iraq for energy pacts with Russia, Iran

After China, Iraq is seeking energy partnerships with Russia and Iran as the U.S. prepares for the end of its occupation of the oil rich nation. Iraqi Prime Minister Nouri Al-Maliki said during his recent visit to Moscow that Russia must once again get involved in developing his countryTehranTimes

For Young Japanese, It

… Started last month as part of Prime Minister Taro Aso

Economic slump provides tinder for global conflicts

With more people pushed into poverty, the probability of armed rebellions increases around the world. The new director of the National Intelligence Agency caused something of a stir last month when he warned Congress: “The primary near-term security concern of the United States is the global economic crisis and its geopolitical implications.” On that theme, […]

(Bloomberg) — Fossilized coral reefs formed the last time the Earth was warmer than today show sea levels could rise rapidly by the end of the century if global warming triggers a collapse of ice sheets in Greenland and Antarctica. A Ice caps like those that cover the Antarctic and Greenland are thought to be […]

How civilisation will collapse – and when

OK, well that’s rather a grand headline, designed to command your attention. I don’t actually know how our civilisation will collapse, or when, obviously, but have been picking up some clues in the new book by David Holmgren, co-designer of permaculture. In Future Scenarios, Holmgren leaves little doubt that the twin threats of climate change […]

Renewable energy

Wind and solar projects may carry costs for wildlife WASHINGTON – The SunZia transmission line that would link sun and wind power from central New Mexico with cities in Arizona is just the sort of energy project an environmentalist could love But the line would also cross grasslands, skirt two national wildlife refuges and traverse […]

Action Plan for 50%: How Solar Thermal Can Supply Europe's Energy

The research efforts and infrastructure needed to supply 50% of the energy for space and water heating and cooling across Europe using solar thermal energy has been set out under the aegis of the European Solar Thermal Technology Platform (ESTTP). Published in late December 2008, more than 100 experts developed the Strategic Research Agenda (SRA), […]

PROMISES, PROMISES: Plug-in cars goal hard to hit

President Barack Obama’s campaign pledge to put 1 million plug-in hybrid cars on the road by 2015 is fraught with difficulties, from technical and engineering hurdles to the realities of the economy and the price of gasoline. Obama’s goal could help revitalize the struggling U.S. auto industry and begin shifting motorists away from the gas […]

Obama should shift focus to interdependence on oil

When President Obama attends the Summit of the Americas in Trinidad and Tobago this week, he will have an opportunity to address one of the most pressing issues on his policy agenda But there is also good news. The Summit of the Americas provides a forum for Obama to shift focus from energy independence to […]

We are six years away from an energy crisis

…Fast-forward to 2015 and the energy position could be precarious. By then the remaining coal power stations will be facing closure because of the pollution control requirements of the EU directive on large combustion plants. By then all except one of the existing nuclear stations will also be closed or facing closure. Having to replace […]

Opec Sees "Devastating Contraction" in Demand for Crude

OPEC again revised down its estimate for world crude demand on Wednesday, saying a “devastating contraction” in consumption would keep prices under pressure in the months ahead. “In the coming months, the market is expected to remain under pressure from uncertainties in the economic outlook, demand deterioration and the substantial overhang in supply,” the Organization […]

Third-World Stove Soot Is Target in Climate Fight

KOHLUA, India In Kohlua, in central India, with no cars and little electricity, emissions of carbon dioxide, the main heat-trapping gas linked to global warming, are near zero. But soot

Non-Opec decline: the means towards a renewed bull market

As the FT reported earlier this week, North Sea production is being hit critically by the economic crisis. The story quotes findings from a Deloitte report which says the number of exploration wells being drilled in the North Sea has collapsed by 78 per cent in the first quarter of 2009 versus the same period […]

Chrysler's electric hot rod

Dodge Circuit, a two seat sports car, could be Chrysler’s first step into electric power, provided the company survives. NEW YORK (CNNMoney.com) — A battery-powered 268-horsepower two-seat sports car is in line to become Chrysler LLC’s first electric car, provided the carmaker lives to see another day. To survive, help is needed from Italy’s Fiat […]

Norway sets limits on Arctic seabed claim

OSLO To the north, the shelf ends in deep water 550 kilometres from the pole that is claimed by both Russia and Denmark. “Norway is the first polar nation to complete this work,” Stoere told a news conference of talks with a UN commission that is trying to set limits to continental shelves of coastal […]

Carrot City exhibit highlights innovation & growth in urban agriculture

TORONTO What’s more, both have incorporated eco-friendly elements into their frameworks. The Inuvik Community Greenhouse, built within an abandoned arena, has an on-site composting facility, while the Curtis “50 Cent” Jackson Community Garden uses rainwater collected in two underground cisterns to irrigate the garden while also providing a place for kids to play. The two […]

Farmers relying on Roundup lose some of its benefit

WEST LAFAYETTE, Ind. – Roundup Ready crops have made weed control much easier for farmers, but a new study shows their reliance on the technology may be weakening the herbicide’s ability to control weeds. Bill Johnson, a Purdue University associate professor of weed science, said farmers who plant Roundup Ready crops and spray Roundup or […]

Oil job flow turns to trickle

…It’s much slimmer pickings this year for grads who just last year were fielding multiple job offers with plum salaries and signing bonuses. As oil and gas prices fell amid a global economic downturn access to credit was reduced, and energy firms are slashing exploration budgets, shelving major projects and starting to lay off staff. […]

Carter Conservatism

Jimmy Carter It was delivered as the Carter presidency was beginning to crater, as the turmoil of the Iranian Revolution caused oil prices to rise, and gas shortages once again afflicted the nation as they had six years before during the Yom Kippur War. Anger over higher prices and long lines at the pumps threw […]

Article Review: Depletion and the Future Availability of Petroleum Resources

In the last edition of the Energy Journal of the International Association for Energy Economists an article was published that concluded that the recent high oil price spike was just an aberration, as there is plenty of low cost oil out there waiting to be produced. This claim was made by a group of scientists […]

Mexico to Invest $12 Billion in Refining Capacity

State-owned Petroleos Mexicanos will spend more than $12 billion to build one new oil refinery and upgrade an existing facility, Pemex chief Jesus Reyes Heroles said here Tuesday. MexicoLAHT

Gas and Oil Companies Fail to Prepare for Next Energy Crisis

Everyone who can remember the panic last summer when oil and gasoline prices went through the roof may be comforted by the thought that the oil and gas companies are frantically drilling in the search for and development of new supplies, especially after getting all those new leases and other breaks from the Bush Administration. […]

Britain's new LNG terminals lure tankers

Britain is absorbing some of the excess liquefied natural gas (LNG) in the global market, with its new import terminals demanding commissioning cargoes and older facilities offering a way in to Europe’s biggest gas market. After over two years of inactivity at Britain’s Teesside import facility, the company that finished building it in early 2007, […]

Lehman Sits on Bomb of Uranium Cake as Prices Slump

(Bloomberg) — Lehman Brothers Holdings Inc. is sitting on enough uranium cake to make a nuclear bomb as it waits for prices of the commodity to rebound, according to traders and nuclear experts. The bankrupt bank, in the throes of paying off creditors, acquired uranium cake The uranium, which may be as much as 500,000 […]

The bright future of ethanol

A little more than a year ago, Gov. Rendell celebrated the groundbreaking of the first ethanol plant in Pennsylvania. That was before the recession deepened, gasoline prices rode a roller coaster, credit tightened, and most industries were shuttering plants and laying off workers. Now, after all the economic calamity, construction is continuing on BioEnergy International’s […]

Push to produce electric car batteries

Four makers of electric car batteries and related equipment announced plans yesterday to set up facilities in the US state of Michigan at a combined cost of almost $1.7bn. The projects are part of a belated drive by the US public and private sectors to close the competitive gap with Asian electric-car technology amid predictions […]

Oil explorers face funding crunch

European oil and gas explorers Afren and Regal Petroleum are turning to existing shareholders and industry partners to fund oil and gas projects after banks shied away from lending to the sector. Afren said it is raising about $125 million (83.7 million pounds) via a share placing to back the development of its Ebok field […]

The battle for Iraq's oil

Royal Dutch Shell is talking to two of China’s biggest state-owned oil companies with a view to pursuing a joint venture in Iraq. Although Shell would not confirm details of the talks, a possible tie-up with China National Petroleum Corporation (CNPC) and China Petrochemical Corporation (Sinopec) is reported to focus on a bid to develop […]

China aims to be world pacemaker of new-energy auto production

April’s Auto Shanghai 2009 show highlights the use of energy-saving automobiles, with several well-known auto-makers, including GM and Ford, set to announce new products. For many Chinese exhibitors this will also be a good platform to show new-energy products. Domestic carmakers including Geely and BYD announced earlier that they would unveil new-energy vehicles, while the […]

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