EU discussing fresh anti-gas crisis tactics

EUOBSERVER / BRUSSELS – European gas companies may end up buying excess volumes of Russian gas to help prevent a new EU supply crisis, in plans to be discussed at the EU summit on Thursday (18 June). Russian supplier Gazprom is facing financial and technical difficulties after having contracted to buy set volumes of gas […]

Oil companies shop for discounted ethanol plants

FULTON, N.Y. Sunoco made its initial bid just weeks after Valero Energy Corp., the nation’s largest independent oil refiner, became an ethanol plant owner the same way. “You are going to see this become a trend … especially with the government wanting to go green,” said Daniel Flynn, who follows the renewable fuels industry for […]

Big effort to ensure security of supply

Many Bulgarians only realised that Russia was the country

Garden power sparks aid for region's needy

DTE Energy is putting to good use the land ringing its power substations by planting vegetable gardens. The Detroit utility giant has teamed up with Gleaners Community Food Bank to grow tomatoes, lettuce, herbs and other greens at six more substations in southeastern Michigan, expanding a community gardening program begun last year. Already, DTE has […]

Asia imports of W.Africa oil surge on China demand

LONDON (Reuters) – Asian imports of West African crude oil have surged by around 11 percent this month on strong demand from refineries in China and India and due to low freight rates, trade and industry sources said on Thursday. A Reuters survey of oil companies and importers showed 50 cargoes of crude oil from […]

Checking the facts

…But there is another school of thought, which believes in the concept of Peak Oil. As a global concept, it is an extension of the (correct) prediction made by geophysicist King Hubbert in 1956 that US oil production would peak around 1970, even with the most optimistic view of likely reserves. Others have previously questioned […]

Oil industry cranks up lobbying effort

Oil and gas companies have accelerated their spending on lobbying faster than any other industry, training their gusher of profits on Washington to fight new taxes on drilling and slow efforts to move the nation off fossil fuels. The industry spent $44.5 million lobbying Congress and federal agencies in the first three months of this […]

Anger fuels suits over underfilled propane tanks

KANSAS CITY, Mo. – The heat is being turned up on big propane companies who last summer quietly reduced the amount of fuel in canisters that are attached to backyard grills without telling their customers, according to a pair of federal lawsuits. The propane companies named in the suits said they cut the amount of […]

The Peak Oil Crisis: The Year of the Dollar

Our peak oil crisis is morphing into a dollar crisis. Despite record inventories, and millions of barrels sitting in anchored tankers, oil prices continue to rise. Earlier this week the average price of gasoline rose to $3 in California and many are predicting that the rest of us will be seeing $3 gasoline later this […]

Venezuela: Socialism on the never-never

Hard times on the streets of Caracas GLOBAL capitalism may be in crisis, but thanks to

Russia: Most Oil Projects May Not Be Profitable

The majority of new oil projects in Russia will not be profitable even with oil prices at $150 per barrel, according to an Energy Ministry proposal on how to reduce taxes at undeveloped fields. Based on data from oil companies, the ministry determined that under the current tax regime most new oil projects would not […]

Oman eyes solar, wind power plants

Oman is looking into building solar and wind power plants to meet rising demand as the sultanate faces a gas shortage, a government energy official said. “We are now turning to renewable energy like wind and solar to reduce the reliance on gas as the major fuel for power stations,” Zahir Al-Suleimani, director general of […]

Maintaining Our Prosperity

This submission aims to better inform its readers about the monumental changes that we now face as we pass worldwide Peak Oil and enter into the era of the decline of oil and the overall energy available to our society. This renders our growth dependent economic system (Capitalism) no longer viable, which will have profound […]

Climate catastrophe getting closer, warn scientists

PARIS (AFP) The stark warning comes less than six months before an international conference aiming to seal a treaty to save the planet from the worst ravages of global warming. A 36-page document summarized more than 1,400 studies presented at a climate conference in March in Copenhagen, where a United Nations meeting will be held […]

John Michael Greer: Survival isn't cost-effective

…The classic example has to be the plethora of projects for The unstated assumption seems to be that as soon as the intrepid residents of such a community move into their solar-heated cohousing units, start up the wind turbines and the methane generators, and get to work harvesting tree crops from the permacultured landscaping all […]

Survivalists act as energy fears grow

Some believe crisis is ahead Buskirk, N.Y. Breault cut her driving time in half. She switched to a diet of locally grown foods near her upstate New York home and lost 70 pounds. She sliced up her credit cards, banished her television and swore off plane travel. She began relying on a wood-burning stove. “I […]

Japan plans underwater sponges to soak up uranium

Government-funded scientists have proposed placing huge “uranium farms” on the seabed, consisting of anchored sponges which soak up the element. Dr Masao Tanada, of the Japan Atomic Energy Agency, has developed a fabric made primarily of irradiated polyethylene that is able to soak up the minute amounts of uranium The world’s oceans contain an estimated […]

EU And U.S. Set Energy Standards For Office Equipment

The European Commission and the U.S. Environmental Protection Agency (EPA) have set new standards for office appliances which could save the equivalent of one year electricity consumption in Ireland. The new specifications for computers and imaging equipment such as printers and copiers will come into effect from July 1, the Commission, the executive arm of […]

China Reins in Dam Builders

Beijing has reined in China’s unbridled dam-building spree, issuing warnings to power-hungry developers that stimulating the economy in a time of crisis should not be used as an excuse to forego environmental reviews of big hydroelectric projects. Nevertheless, the country remains committed to a series of dam schemes outside of its borders as its role […]

ADB says it will double clean energy investment by 2013

The Asian Development Bank (ADB) will boost its investments in “clean energy” to two billion dollars a year by 2013, doubling its current contribution, the bank’s president said Wednesday. Haruhiko Kuroda said he hoped the target could even be achieved before 2013 and noted the multilateral institution had provided a billion dollars last year.Speaking on […]

India Plans to Raise Coal Output

India is planning to raise its coal production target, and the new government is committed to the reform of the sector, including divestment in coal-mining monopoly Coal India Ltd., the country’s coal minister said Wednesday. Coal Minister Shriprakash Jaiswal said reforms will be pursued, but meanwhile state-run coal miners including Coal India will likely raise […]

Bioelectricity Has More Potential than Biofuels

Ethanol may actually be doing more harm than good Biofuel, obtained from the filtered residual oils of numerous types of plants, including algae, maize, sugar cane, and so on, has long been touted as the way to go in the fight against global warming. Its proponents say that it offers an inexpensive way of replacing […]

Iraqi oil minister accused of mother of all sell-outs

Furious protests threaten to undermine the Iraqi government’s controversial plan to give international oil companies a stake in its giant oilfields in a desperate effort to raise declining oil production and revenues. In less than two weeks, on 29 and 30 June, the Iraqi Oil Minister, Hussain Shahristani, will award service contracts to the world’s […]

Beetles called threat to water, power supplies

Record outbreak in West could fuel wildfires, experts warn WASHINGTON – Hoping to get some attention and more federal money, experts on beetle-ravaged forests in the Rocky Mountains argued that wildfires there would threaten water and power supplies to millions of people across the West. The headwaters of the Colorado River, an important water source […]

Peak Oil Review – June 15

1. Production and Prices 2. China 3. US Imports 4. Briefs 1. Production and Prices Starting the week at $68 a barrel, oil traded as high as $73 before closing out the week at $72.04. Once again the increase was mostly based on financial developments

OPEC unlikely to raise output soon-Qatar

WASHINGTON, June 17 (Reuters) – The Organization of the Petroleum Exporting Countries is unlikely to agree to raise crude production any time soon, despite a steep rally in oil prices since winter, Qatar’s top energy official said on Wednesday. “No, I don’t think so,” Abdullah al-Attiyah told Reuters when asked if the group would consider […]

Dmitry Orlov: Definancialisation, Deglobalisation, Relocalisation

1. Good morning. The title of this talk is a bit of a mouthful, but what I want to say can be summed up in simpler words: we all have to prepare for life without much money, where imported goods are scarce, and where people have to provide for their own needs, and those of […]

Money to shut nuclear plants falls short

Companies are failing to set aside enough money to dismantle reactors VERNON, Vt. – The companies that own almost half the nation’s nuclear reactors are not setting aside enough money to dismantle them, and many may sit idle for decades and pose safety and security risks as a result, an Associated Press investigation has found. […]

U.S. climate report details energy, agriculture harm

WASHINGTON (Reuters) – Climate change has already caused “visible impacts” in the United States and poses particular risks to the U.S. agriculture and energy industries, a new government report said on Tuesday. The report, which lays out the effects of global warming on specific U.S. regions and sectors, calls for quick policy action as the […]

Continental says biofuel did well in flight test

NEW YORK (Reuters) – Continental Airlines said a blend of biologically derived fuel and jet fuel performed slightly better than jet fuel alone during a test flight by the world’s fifth-largest airline. During some parts of a 90-minute test flight in January, the blended fuel displayed a 1.1 percent increase in fuel efficiency over traditional […]

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