Big Oil

(Bloomberg) — America

Permit granted for experimental farm in Moncton neighbourhood

It’s always risky to count your chickens before they’re hatched, but it looks like a go for a plan to raise egg-producing hens in a suburban Moncton neighbourhood. The Greater Moncton District Planning Commission has granted a local group a one-year temporary permit to run an urban experimental farm. The project, sponsored by Post Carbon […]

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Obama pleads with lawmakers on energy bill

WASHINGTON (AFP) “I know this is going to be a close vote, in part because of the misinformation that is out there that suggests there is somehow a contradiction between investing in clean energy and our economic growth,” Obama said. “But my call to those members of Congress who are still on the fence as […]

China may reject Hummer deal: Report

Gas-guzzling vehicles conflict with government’s conservation goals BEIJING Tengzhong said it has yet to reach a definitive agreement with GM, which the company said previously was required to make a formal request for government approval of the deal. “Some people may have views and speculation but the Chinese government has a process that we respect,” […]

Lester R. Brown: THE OIL INTENSITY OF FOOD

Today we are an oil-based civilization, one that is totally dependent on a resource whose production will soon be falling. Since 1981, the quantity of oil extracted has exceeded new discoveries by an ever-widening margin. In 2008, the world pumped 31 billion barrels of oil but discovered fewer than 9 billion barrels of new oil. […]

Solar plane to make public debut

Swiss adventurer Bertrand Picard is set to unveil a prototype of the solar-powered plane he hopes eventually to fly around the world. The initial version, spanning 61m but weighing just 1,500kg, will undergo trials to prove it can fly at night. Mr Picard, who made history by circling the globe non-stop in a balloon in […]

Recession, oil price halve CO2 emission rise-report

High oil prices and the impact of a global recession halved yearly rises in global greenhouse gases from burning fossil fuels in 2008, the first evidence of an impact from the financial crisis, a study said on Thursday. Also for the first time, the share of global carbon emissions from developing countries was higher than […]

Uranium resources seen rising 10-15 pct-IAEA expert

Uranium worth extracting should rise by 10 to 15 percent this year with Australia, Russia, Canada and India racing to feed rising demand for nuclear fuel, a U.N. atomic official said on Wednesday. Experts at an International Atomic Energy Agency symposium said this week they expect uranium demand will continue to grow despite the global […]

Iraq's first postwar oil bidding for oil contracts

Iraq is scheduled to open its first postwar bidding for oil service contracts on Monday. International oil companies were expelled by Saddam Hussein more than 30 years ago. The companies that qualified for the bidding, along with the fields and reserves, are compiled below.Taiwan News

Venezuela state oil company borrowing to pay debts

The Venezuelan oil minister said Wednesday that the state-run petroleum company will borrow money so it can pay outstanding bills owed to contractors accumulated since oil prices began sliding nearly a year ago. Rafael Ramirez said the company will raise the money at home by selling bonds denominated in Venezuelan bolivars, but provided no details […]

Peak water, peak fish and the end of everything

The peaknik movement has already moved on from its obsession with oil and—like the peacenik movement of yore—split into a multitude of factions, each warning of the impending catastrophic consequences of one form of peakonomics or another. And so in addition to the peak oilers, we now find people banging on about peak fish (the […]

Migration and climate change: A new (under) class of travellers

The International Organisation for Migration thinks there will be 200m climate-change migrants by 2050, when the world’s population is set to peak at 9 billion. Others put the total at 700m. These startling numbers may conjure up a picture of huge, desperate masses, trekking long distances and if necessary overrunning border defences because their homelands […]

Japan may store Abu Dhabi oil

Abu Dhabi is in talks to store its oil in Japan, the biggest importer of the emirate It could also provide the UAE and Japan with an insurance policy against short-term disruptions to shipping through the Strait of Hormuz. The project has been under discussion since March and is expected to start this autumn, with […]

Recession, expensive oil slow CO2 growth in 2008

AMSTERDAM Less money in the bank, higher oil prices and a growing use of wind, solar and other renewable energy resources put a brake last year on the increase of the most common greenhouse gas blamed for global warming, said the Netherlands Environmental Assessment Agency. The growth in CO2 emissions halved to 1.7 percent, compared […]

Life or Death Decision

While peak-oil activists foment panic, the ‘Transition’ movement sees a graceful evolution back to the Stone Age FOR THE PAST couple of years, California has seen an uprising of activists who are training themselves and others to grow food and preserve it, to make soap, weave fabrics, build homes and master other essential tasks. They […]

Next generation solar power could replace fossil fuels says WRI

Concentrating solar thermal (CST) power has the potential to provide power on the margin of the demand curve, as well as replacing coal at the core of the power mix in the US, according to a report by the World Resources Institute (WRI.) CST uses reflective material to concentrate the sun’s rays to power steam […]

Are Batteries in Electric Cars Safe?

…Yet even as carmakers race to showcase these green vehicles, some experts are raising concerns about their safety. The worst-case scenario: thermal runaway, which can happen when a short circuit inside a battery sparks a chain reaction, causing overheating or a fire. In mobile phones, laptops, and other portable gadgets, thermal runaway can occur in […]

Natural Gas Trade Challenged by Commodity Focus Shift

In recent weeks, Wall Street has been shifting its energy focus from crude oil to natural gas as the price of the latter has become historically cheap. The first signs of global economic recovery spurred investors to jump on the energy and materials stocks. The logic was that any increase in economic activity would require […]

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The Obama Administration has been desperately trying to prop up and maintain the petroleum-dependent American personal car industry. Unfortunately these efforts are a lost cause, because this way of life (a transportation system primarily based on billions of personal automobiles) is no longer a viable option. It It

Beware of another oil shock

After hitting a low of around $32 last December, the price of a barrel of oil has risen above $70. While the net effect of this will lead to renewed inflation and hitting our wallets, what is the medium-term outlook for oil? All predictions are risky, but it is likely that prices will go right […]

China's unquenchable thirst for oil

A refinery in Singapore. Oil and gas fields in Central Asia. A pipeline in Russia. Ultradeep crude deposits off Brazil. Production wells in Libya. And now Toronto-listed Addax Petroleum Corp., AXC-T with its oil fields in western Africa and Iraq’s Kurdistan. China’s cash-rich, state-controlled oil companies and its state development bank are on a buying […]

Gas prices strain struggling households

The recent spike in gasoline prices comes at a particularly unfortunate time — many Americans are still reeling from the economic downturn. Here is how some people have responded to the return of pain at the pump. Last year, when the price of gas hit its all-time high, I had to cut down to regular […]

John Michael Greer: The thermodynamic economy

The last twelve months or so of economic chaos has taught those of us in the peak oil community some useful lessons. Perhaps the most valuable of these lessons is extent to which conventional economic ideas have failed to make sense of the way that the twilight of fossil fuels is working out in practice. […]

China oil deals flow where politics less involved

Sinopec’s $7.2 billion bid for oil explorer Addax Petroleum is a sign that China’s energy giants find it easier to secure reserves in parts of the world where there are fewer hang-ups about Beijing owning local natural resources. Africa and the Middle East, where Swiss-based Addax has its main assets, are more politically disposed to […]

Why gas will not go to $4 this summer

his summer’s energy market is starting to sound all too familiar: Gasoline prices heading straight up for weeks at a time. A warm-weather driving season just getting under way. Unrest in a major Middle East oil-producing nation. Professional speculators eager to jump on a trend. And, yes, analysts predicting oil at $200 a barrel. Last […]

FACTBOX-Iraq's oil sector opens its doors

For the first time since the fall of Saddam Hussein, foreign oil companies will get a chance to work on Iraq’s oil reserves when Baghdad auctions off contracts to develop six of its most prized oilfields on June 29-30. Two undeveloped gas fields are also on offer. Criticism from within the Iraqi state-run oil industry, […]

Saakashvili says Russia started war to gain energy supplies

For a President facing political crisis, with Russian troops dug into Georgian soil and daily street protests calling for his head, Mikheil Saakashvili certainly put on a bombastic show for the visiting press. His performance as he visited vineyards, promising subsidies and equipment, and posed with tourists in this medieval fortress town, combined the casual […]

Militants attack Shell oil pipeline

Militants in Nigeria said they have attacked a Royal Dutch Shell pipeline in the country’s restive south and are warning Russia not to invest in the nation’s oil sector. The Movement for the Emancipation of the Niger Delta claimed it attacked the Bille-Krakama pipeline in Rivers state. The attack occurred hours after a visit by […]

'Cash for Clunkers' mostly a clunker

NEW YORK (CNNMoney.com) — If you think the new “Cash for Clunkers” law is going to help you buy a new car, you’re probably wrong. As it’s written, the law will benefit few car shoppers and those who might actually benefit from it probably shouldn’t be buying a new car to begin with. Here’s why […]

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