Bioethanol's impact on water supply 3x higher than once thought

At a time when water supplies are scarce in many areas of the United States, scientists in Minnesota are reporting that production of bioethanol Sangwon Suh and colleagues point out in the new study that annual bioethanol production in the U.S. is currently about 9 billion gallons and note that experts expect it to increase […]

Driller thriller: Antarctica's tumultuous past revealed

Inside the tent, men in hard hats tend a rotating shaft of steel. This drill turns day and night through 8 metres of sea ice covering the surface of McMurdo Sound, off the coast of Antarctica, and through 400 metres of water beneath it and into the seabed. It’s not oil these men are drilling […]

Kunstler: The Coming Siege of Austerity

It’s a curious symptom of the consensus trance zombifying the American public and its auditors in the media that something like a “recovery” is now deemed to be underway. And, as events compel me to repeat in this space, it begs the question: recovery to what? To Wall Street booking stupendous profits by laundering “risk” […]

Brazil's ANP Discloses Three Recent Oil, Gas Finds

Brazil’s National Petroleum Agency disclosed three recent oil and gas finds over the long holiday weekend, with state-run energy giant Petroleo Brasileiro SA (PBR), or Petrobras, holding stakes in all of the discoveries. The finds were listed on the ANP’s Web site over the weekend, with the report date listed as Thursday. Petrobras said it […]

'Zero Petroleum Growth'

“Peak oil is an illusion,” Joe Petrowski, CEO of Gulf Oil/Cumberland Farms, told attendees Wednesday at the 2009 NACS State of the Industry Summit in partnership with CSP in Chicago. But the “political peak” for oil is very real, he cautioned. The end result: “Get ready for a future of zero petroleum growth,” he said. […]

Forget Peak Oil; Peak Gasoline is Already Here

Crude oil futures fell below $51 a barrel as the market reacted to the IEAWSJ

Budget will make or break renewable energy (UK)

INDUSTRY LEADERS have warned that this yearLondonTimes

Electric car race still a bumpy ride

FRITZ Henderson, the new chief executive of General Motors (GM), says his company has to reinvent itself very quickly. US President Barack Obama exhorts American carmakers to regain the lead and make fuel-efficient vehicles. Washington provides US$2.4 billion to develop advanced electric-powered vehicles and a better battery. And Michigan gives tax incentives of half a […]

Preparing for the Worst

We take you inside the world of the doomers: people who fear calamitous times ahead – and are actively making preparations. But how do you prepare for the end of society as we know it? CBC (video)

Obama's Economic Mirage

…What Obama proposes is a “post-material economy.” He would de-emphasize the production of ever-more private goods and services, harnessing the economy to achieve broad social goals. In the process, he sets aside the standard logic of economic progress. Since the dawn of the Industrial Age, this has been simple: produce more with less. (“Productivity,” in […]

Falling production to inevitably alter Big Oil's playing field

PARIS Higher prices meant higher production, which meant everyone had enough fuel to drive stupidly big SUVs. At least it did until recently. Then something troubling happened. Even as oil prices set records, and even as the investment spigot was cranked wide open to meet relentless demand, some of the world’s biggest oil companies were […]

Iran discussing oil imports with Iraq

Iran has announced plans to import up to 200,000 barrels of oil per day from Iraq to feed a refinery in the oil-rich province of Khuzestan. Talks are underway to finalize a deal to import IraqTehranTimes

Average US gasoline price rises 10 cents a gallon

The average U.S. retail gasoline price rose about 10 cents a gallon over the past three weeks due to environmental costs linked to warmer weather, though the price was 40 percent lower than a year earlier, according to the Lundberg survey released on Sunday. The average national price for self-serve regular unleaded gasoline was $2.048 […]

Kazakhs, China in talks over stake in oil producer

China National Petroleum Corp. is in talks with Kazakhstan’s state energy company on acquiring a 49 percent stake in the Central Asian country’s fourth-largest oil producer, a KazMunaiGaz spokesman said Monday. CNPC’s proposed purchase of the stake in MangistauMunaiGaz would consolidate Chinese energy interests in the oil-rich region. MangistauMunaiGaz, which controls oil reserves estimated at […]

Gunmen clash with Nigerian navy in oil delta

Gunmen attacked a Nigerian navy houseboat in the southern state of Bayelsa in the restive Niger Delta on Monday, in an area close to a flow station operated by Royal Dutch Shell, a private security contractor said. The main militant group in the region, the Movement for the Emancipation of the Niger Delta (MEND), said […]

Iran: further OPEC output cut possible

Iran’s OPEC governor said if oil demand continued to drop the group may decide to further cut its oil output, the Iranian newspaper Hamshahri on Monday quoted him as saying. “If the demand continues to decrease until the next OPEC meeting, further output cut is possible,” Mohammad Ali Khatibi said. The Organization of the Petroleum […]

U.S. Takes a Gamble With Test of Carbon Caps on Car Makers

The Obama administration is preparing to test whether capping greenhouse gas emissions will push the economy into higher gear, or deeper into a rut. The likely subject of the experiment is the ailing auto industry. Later this month, Environmental Protection Agency Administrator Lisa Jackson is expected to declare that carbon dioxide emissions from automobiles endanger […]

Oil Industry Braces for Drop in U.S. Thirst for Gasoline

Since Henry Ford began mass production of the Model T nearly a century ago, car-loving Americans have gulped ever-increasing volumes of gasoline. A growing number of industry players believe that era is over. Among those who say U.S. consumption of gasoline has peaked are executives at the world’s biggest publicly traded oil company, Exxon Mobil […]

Ethanol Industry Burning Through Equity

Another ethanol refiner hoisted a white flag this past week. Aventine Renewable Energy at Pekin filed for chapter 11 federal bankruptcy protection, and while it is not the first, nor the biggest, its financial challenges point to continued stress for an industry that had been on top of the world a year ago. Aventine joins […]

Oman posts $4.1 billion 2008 surplus on oil rally

DUBAI (Reuters) – Non-OPEC oil producer Oman posted a budget surplus of 1.58 billion rials ($4.1 billion) in 2008, the highest this decade, as revenues from oil exports surged, official data showed. Total state revenues rose 34.9 percent to 7.98 billion rials while expenditures by the Gulf state climbed 8.9 percent to 6.4 billion rials, […]

Crisis hits North Sea oil search

The remaining lifespan of the UK In total, only 18 exploration and appraisal wells were drilled in the UK during the first quarter, marking a 41 per cent drop in total drilling activity compared with the same period last year. UK Oil and Gas, the industry group, is even more pessimistic, forecasting that total drilling […]

UK goes into ecological debt on Easter Sunday

Think-tank study points to the date Britain’s ecological debt begins – when the country starts living beyond its means and relying on international imports Britain is living beyond its environmental means and is increasingly dependent on the rest of the world for its natural resources, a thinktank study has revealed. The recession may have slowed […]

Global crisis may block GCC nationalisation drive

Ambitious job nationalisation plans by Gulf oil producers could become the latest victim of the global financial turbulence as private sector retrenchment policies would scare off citizens, according to a key Kuwaiti bank. Nationals in the six-member Gulf Co-operation Council (GCC) already prefer working in the public sector and any plans by governments to accommodate […]

Shell shuts flowstations after fire in south Nigeria

LAGOS (Reuters) – Royal Dutch Shell said on Sunday it had shut down flowstations feeding into its Trans-Niger oil pipeline in southern Nigeria as a precautionary measure after a fire at a manifold. The Anglo-Dutch giant said it had shut down some production while firefighters tried to extinguish the blaze at the Bomu manifold in […]

Mr. Soddy

INNOVATIVE and opaque instruments of debt; greedy bankers; lenders He offered a perspective on economics rooted in physics

Platts Survey: March OPEC Oil Output Fell to 27.98 Mil. Barrels Per Day

Production down 90,000 barrels per day LONDON — Platts — The 12 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 27.98 million barrels per day (b/d) in March, as the oil producer group continued its efforts to slash oversupply and prevent oil prices falling further, according to a Platts survey […]

Help Iran go nuclear

A proposal to provide reactors to the United Arab Emirates could be the prototype of a deal between the U.S. and Tehran. Should the United States sell advanced civilian nuclear reactors to a Middle East country that doesn’t seem to need them? A country that can keep pumping oil for the next 100 years, that […]

Graft in China Covers Up Toll of Coal Mines

ZHONGLOU, China For nearly three months, not a word leaked from the heart of China

Poor prognosis for our planet

The world has about a decade left to sort out the climate-change mess. John Collee sees lessons from his medicine days as parallels for the future of our planet. Every patient with an incurable illness will ask how long they have to live. The answer goes something like this: “No one can say how long […]

Potential To Amass More Carbon In Eastern North American Forests

ScienceDaily In a study that drew on both historical and present-day datasets, Jeanine Rhemtulla of McGill University and David Mladenoff and Murray Clayton of University of Wisconsin-Madison quantified and compared the above-ground carbon held in the forest trees of Wisconsin just prior to European settlement and widespread logging, and the total carbon they contain today. […]

« 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