Battery 'swap' station for electric vehicles unveiled

Company aims to overcome obstacle of long charging times YOKOHAMA, Japan – A California-based company has unveiled a new battery-swapping technology that could overcome a key obstacle to the adoption of electric cars The company is aiming to establish a ubiquitous network of charging posts, supplemented with a series of battery exchange stations where drivers […]

U.S. crude oil, gasoline stocks fall unexpectedly: EIA

NEW YORK (Reuters) – U.S. crude oil stocks fell unexpectedly last week, their first drop in 10 weeks, as imports decreased, the federal Energy Information Administration said in weekly data released Wednesday. Gasoline stocks fell as refiners slowed production. EIA said crude inventories in the United States fell 4.7 million barrels to 370.6 million barrels […]

Close to 150 million barrels oil, products stored at sea

TOKYO (Reuters) – Oil companies are storing close to 150 million barrels of crude oil and petroleum products at sea, a leading shipbroker said on Thursday. An oil market structure known as contango — when oil for prompt delivery is cheaper than oil for later delivery — has made it profitable to buy oil for […]

7 amazing facts about energy efficiency

. . . . that by the end of 2008 energy efficiency investments had slashed United States energy consumption (as measured per dollar of economic output) to half of what it was in 1970, from 18,000 Btus to about 8,900 Btus; in one year alone such investments are estimated to have generated approximately 1.7 quads […]

Geoengineering the Climate: Bad for You and Our Energy Future

Proposals to reduce global warming through giant engineering projects or so-called geoengineering abound. Almost all are in the idea stage. But even if they were ready to deploy today, they would be dangerous for the planet, counterproductive for our energy future and unfair to the public. At the end of this year the world’s nations […]

ConocoPhillips CEO Sees Positives with Crude at $70/Barrel

ConocoPhillips CEO James Mulva said Wednesday that rising oil prices are an encouraging sign the economy is improving and could help spur new investment by the oil and gas industry after a global recession put a chill on activity in recent months. But prices may need to go higher still before ConocoPhillips boosts its spending […]

Torontonians to pay premium for power when demand peaks

Toronto By this time next year, all Toronto customers will be on the new system, Toronto Hydro said, as the province rolls the program

Bill McKibben – Late Night Live

Al Gore said it was the work of environmentalist Bill McKibben that first alerted him to the dangers of global warming. McKibben is in Australia talking about the rapidly evolving politics of climate change and why the world should be aiming to reduce the atmospheric concentration of carbon dioxide to 350 parts per million. ABC […]

Saudi must rein in soaring power consumption

Top oil exporter Saudi Arabia needs to rein in fast-growing power demand that threatens to eat into future exports, Saudi Oil Minister Ali al-Naimi said in remarks published late on Wednesday. An economic boom fuelled by record oil revenues this decade and subsidised domestic prices have led to a rapid rise in electricity consumption in […]

Economic Crisis Could Deepen Latin America's Energy Woes

LA JOLLA, Calif. -(Dow Jones)- The current economic crisis may exacerbate the slow growth of Latin America’s crude oil and natural gas output, which has lagged as the region has struggled to exploit its abundant energy resources. Venezuela and Mexico missed out on the massive investment boom that flowed into the global oil patch following […]

Greer: The end of the Information Age

…Very few people realize just how extravagant the intake of resources to maintain the information economy actually is. The energy cost to run a home computer is modest enough that it …The waning of the internet will pose an additional challenge to the future, because

Nigeria militants hijack vessels, warn oil workers

PORT HARCOURT, Nigeria (Reuters) – Nigerian militants have hijacked two cargo ships in the Niger Delta and given oil companies until Saturday to evacuate staff, warning they would attack helicopters and planes after the deadline. The Movement for the Emancipation of the Niger Delta (MEND) issued a 24-hour ultimatum on Wednesday for oil workers to […]

Oil demand 'deeply depressed', says IEA

PARIS (AFP) “We do expect a tapering off in the demand contraction, but we are still left with a very big drop in demand,” said the report’s editor, David Fyfe. “In our view, recovery really doesn’t start to take root until 2010,” he told Dow Jones Newswires. The price of oil has risen in recent […]

Peak oil an imminent threat, warns expert

Kjell Aleklett, professor of Physics at Uppsala University and president of ASPO, the Association for the Study of Peak Oil and Gas, has warned that the global financial crisis and resultant drop in oil demand does not mean that we can go on with

Climate change diagnosed as biggest global health threat

“We have been ignoring the biggest global health threat of the 21st century.” This was the message “The health sector has in the past not only underestimated but completely neglected and ignored the issues,” said Richard Horton, editor of The Lancet. “This has not been an issue on the agenda of any professional body in […]

WWF Study: Climate Change Could Displace Millions In Asia's Coral Triangle

WASHINGTON, DC, May 13, 2009 — Coral reefs could disappear entirely from the Coral Triangle region of the Pacific Ocean by the end of the century, threatening the food supply and livelihoods for about 100 million people, according to a new study from World Wildlife Fund. Averting catastrophe will depend on quick and effective global […]

Getting America Off Oil: The Oil Solutions Initiative

RMI and Brookings then created a network which included representatives from all the groups with plans related to making the United States less oil dependent: the Alliance for Climate Protection, the Apollo Alliance, the Council on Competitiveness, the Energy Security Leadership Council, Andy Grove Perhaps the most surprising thing the whole process has revealed is […]

Saudi Arabia's gas reserves put at 267tcf

(MENAFN – Arab News) Saudi Arabia’s gas reserves stood at 267 trillion cubic feet in 2008, Minister of Petroleum and Mineral Resources Ali Al-Naimi said in remarks reported yesterday. The figure Al-Naimi gave according to a report carried by the official Saudi Press Agency was four billion cubic feet higher than an estimate Saudi Aramco […]

Relation between Gold, Crude oil & Dollar

Using analytic techniques based on Hubbert’s work, oil and gas experts now project that world oil production will peak sometime in the latter half of this decade. We are now depleting global reserves at an annual rate of 6 percent, while demand is growing at an annual rate of 2 percent (and that growth rate […]

Pipelineistan goes Af-Pak

As United States President Barack Obama heads into his second 100 days in office, let’s head for the big picture ourselves, the ultimate global plot line, the tumultuous rush towards a new, polycentric world order. In its first 100 days, the Obama presidency introduced us to a brand new acronym, OCO – for Overseas Contingency […]

Europe's Overseas Push into Biofuels

Massive tracts of land in Africa, Russia and Ukraine are being bought up or leased by richer countries to ensure access to food and for production of biofuels—a development that could result in unrest as locals begin to lose access over their territory. This phenomenon, a product of the twin food and fuel crises of […]

Big oil calls on contractors to cut costs now

Energy service contractors must cut their charges to oil and gas companies to ensure both parts of the industry thrive after the current crisis, the chief executives of two of the world’s largest oil companies said on Tuesday. Energy service companies must drop their charges to reflect tighter margins since oil and gas prices slumped […]

New threat for Iraqi military: Drop in oil prices

Lower oil prices are threatening Iraq’s efforts to build a military capable of defending the country, raising the possibility that the Iraqis will need substantial U.S. help for years after the Americans leave by 2012. The budget crunch not only affects ground forces that bear the brunt of the fight against Sunni and Shiite extremists […]

The Failure Game Of Iraqi Oil

Baghdad finally allows exports from new Kurdish fields, but until it improves contract terms for foreign companies, its energy crisis will continue. Sitting on some of the largest and most unexploited oil reserves in the world, embattled Iraq continues to reel from falling production and the delay in passing a national hydrocarbons law.But at the […]

Australian error reveals China uranium export plan

Australia plans to increase uranium sales to China provided it is not used in Beijing’s expanding weapons programme, documents mistakenly made public by Australia’s foreign minister showed on Thursday. Foreign Minister Stephen Smith tabled in parliament a confidential list of treaty negotiations with other countries, revealing details of negotiations between Australia and China about lifting […]

Subsea Trends Becoming Everyday Realities

In a recent presentation Tore Halvorsen, FMC Technologies senior vice president of global subsea production systems, discussed the trends that will be permeating the industry in the near future. From subsea processing to increased recovery, FMC is focusing its efforts on achieving more for less — looking to boost the subsea industry by developing new […]

Developing oil sands to become even more costly: CERI

Even as oil briefly crossed above US$60 a barrel Tuesday, what’s becoming increasingly clear is that Canada’s oil sands won’t be the Holy Grail everyone expected to meet the energy supply needs of the future. As shown in a report Tuesday by the Canadian Energy Research Institute, the cost of complying with climate-change legislation that […]

PDVSA Default Is

(Bloomberg) — Petroleos de Venezuela SA, the state oil company, is

UNCTAD: World Facing Multiple Energy challenges

The global credit squeeze, which makes energy supplies more difficult to obtain; concerns about carbon emissions and their effects on the climate; and potential declines in conventional oil reserves mean that the world, and especially developing countries, are facing serious obstacles in improving living standards and expanding their economies, UNCTAD Jeremy Leggett, Executive Chairman of […]

Natural Gas Prices and LNG's Dirty Little Secret

…While the drilling rig count, and especially the gas-directed rig count, are down sharply from last year and continue to fall, the key question remains when we will get an upturn in gas demand from recovering automobile and housing industries. Most gas industry CEOs and Wall Street analysts are confident that all that is needed […]

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