Iowa plants to offer farmers cash for corn cobs

DES MOINES, Iowa …Poet spokesman Nathan Schock said the company hasn’t yet figured out how much it will pay farmers, but it could be $30 to $60 per ton for corn stover, which includes cobs and some stalk. An average acre in Iowa yields about 1.5 tons of corn stover. The company’s payments to farmers […]

U.S. releases unclassified spy images of Arctic ice

WASHINGTON (Reuters) Some 700 images show swatches of sea ice from six sites around the Arctic Ocean, with an additional 500 images of 22 sites in the United States. The images can be seen online at http://gfl.usgs.gov/. Changes in the Arctic affect global climate, since the Arctic region acts as an “air conditioner” for the […]

Obama

With Obama approaching the end of his sixth month in the White House, there is growing evidence that his administration is in only the first stages of what is shaping up to be a major and sustained escalation of the US war in Afghanistan. Elected in large part because of the hostility of American working […]

Pemex Struggles to Meet $20B Investment Target

Mexican oil giant Petroleos Mexicanos is struggling to meet an ambitious $20 billion investment plan for this year after it nearly quadrupled capital expenditures over the past decade. Pemex, as the state-run company is known, needs to find new pools of oil to replace traditional fields that are running dry. Pemex said on Wednesday it […]

Jeff Rubin on the End of Cheap Oil

Canadian economist Jeff Rubin says global oil consumption is unsustainable. And he thinks the world as we know it is in for a change. Some familiar sights he says will disappear: food that’s been frozen and shipped around the world to your plate, and drivers commuting solo for long stretches along the nation’s highways. Not […]

Blood and Oil in Central Asia

In the past month, two seemingly unrelated events have turned Central Asia into a potential flashpoint: an aggressively expanding North Atlantic Treaty Organization (NATO) and a nascent strategic alliance between Russia and China. At stake is nothing less than who holds the future high ground in the competition for the world Increasing Competition Early this […]

Exxon Sabotaged Wells, Should Be Fined, Texas Land Office Says

(Bloomberg) — Exxon Mobil Corp., the largest U.S. oil company, may be fined more than $1 billion for Under Railroad Commission rules, Exxon Mobil could face fines of $10,000 a day per well, Patterson said in the statement, which he plans to release on Monday. He said those penalties could add up to more than […]

Twenty Dollars Per Gallon

How the rising price of oil will change our lives. What does it mean to be middle-class? It means to have a home, to have a regular income, to have consumer freedom, to drive a gas-burning vehicle, and in general, to consume. And when people consume, they consume oil. It takes oil to power your […]

Lawmakers urge caution on mandating flex-fuel vehicles

Washington — Six lawmakers urged the Energy Department to scale back plans to boost the number of vehicles that can run on a blend of mostly biofuel. The lawmakers sent a letter to the Energy Department saying that mandating that all vehicles be capable of running on E85, which is 85 percent ethanol and 15 […]

Are consumers ready for the smart grid?

(CNET) — Modernizing the electricity grid to be a more efficient and reliable smart grid will bring a number of societal benefits. That is, if consumers are up for it. General Electric hosted a symposium of utility industry executives at its research lab here, where the company showed off appliances due next year that communicate […]

Art Smith Believes in the Long-Term Bull Case for Oil

The outlook for oil seems to be brightening amid scant new reserve discoveries and declining reserves at the world’s large oil fields. “We believe we’re in a fundamentally positive market for oil in the 21st century,” says Art Smith, president of Triple Double Advisors, who anticipates oil moving back into the three-digit price range within […]

Electric cars poised to give auto industry a jolt

Ford, Nissan and Tesla gearing up production of planned electric models In the next year or so, after only a century or so of trying, the electric car may break free of the lunatic fringe and become a mainstream transportation option for everyday drivers. The next step forward for electric cars will come on Aug. […]

Oil sands pain points to long-term gain: Moody's

CALGARY, Alberta (Reuters) – Canada’s oil sands developers will emerge from the economic downturn smaller in number and ready to advance projects at a more measured pace than during the boom, a debt rating agency said on Wednesday. Moody’s Investor’s Service said today’s slowdown should be a boon for the sector overall as high-cost plans […]

OPEC still on course to meet oil market challenge

LONDON (Reuters) – A $10-a-barrel price slide, an unseasonable rise in motor fuel stocks and a slackening of output discipline have complicated, but not yet sabotaged, OPEC’s quest to push the oil market higher. At its last meeting in May, the Organization of the Petroleum Exporting Countries was in upbeat mood and the $75-a-barrel level […]

U.S. June oil demand down 5.4 percent from year ago

WASHINGTON (Reuters) – U.S. demand for crude oil and petroleum products declined 5.4 percent during June as the weak economy continued to take a toll on energy consumption, the American Petroleum Institute said on Thursday. June’s total petroleum product deliveries, excluding exports, averaged 18.607 million barrels per day, down 1.071 million bpd from a year […]

Study Suggests Wind Power Potential Is Much Higher Than Current Estimates

Global wind energy potential is considerably higher than previous estimates by both wind industry groups and government agencies, according to a Harvard University study published last week in the Proceedings of the National Academy of Sciences of the United States. The new research surfaced just weeks after T. Boone Pickens, citing rising financing costs, scaled […]

Steve LeVine – Exxon: Late, But Always the Bride

Exxon was late getting onto the Caspian in the 1990s, but it still ended up with pieces of prime real estate. On the Baku side, deputy Energy Secretary Bill White interceded to get it a piece of the offshore after Exxon stood on the sidelines while its rivals slugged it out. In Kazakhstan, even GOP […]

EU calls for more natural gas storage

The European Union called today on member nations to ramp up natural gas storage and build more pipelines to cope with any future cutoff in energy supplies from Russia. In January, thousands of homes went without heating and some power plants shut down when gas stopped flowing through pipelines from Russia due to a payment […]

Embrace Hugo Chávez's ideas or be fired, Venezuelan oil workers told

Minister for oil says any non-state sanctioned organisations in the industry will be ’suspected of plotting against revolution’ Employees of oil companies in Venezuela have protested against an ultimatum by President Hugo Ch The unrest followed a government warning this week that employees would be suspected of subversion unless they joined pro-Ch

Has John McCain Gone Cool on Global Warming Legislation?

Sen. John McCain once reveled in his stance as a maverick of the Republican Party on climate change. Now, as the Senate prepares a new bill, the party’s 2008 presidential nominee has people wondering whose side he’s on.New York Times

New geothermal heat extraction process to deliver clean power generation

A new method for capturing significantly more heat from low-temperature geothermal resources holds promise for generating virtually pollution-free electrical energy. Scientists at the Department of Energy’s Pacific Northwest National Laboratory will determine if their innovative approach can safely and economically extract and convert heat from vast untapped geothermal resources. The goal is to enable power […]

Denmark plans forces for Arctic

Denmark plans to set up an Arctic military command and task force because the melting of the ice cap is opening up access to the region’s resources. Denmark’s activities will be focused on its vast ice-covered island Greenland and the Faroe Islands. Details of the plan, for the period 2010-2014, have emerged in recent days. […]

Interview: Fusion in a cold climate

Martin Fleischmann: … ‘if we cannot get fusion of some sort to work on a large scale soon, we’re doomed’ Martin Fleischmann can still remember the morning he entered his lab and saw the terrific hole in the workbench. It was about the size of a dinner plate. Beneath, nestled in a shallow crater in […]

Hawaii: Override on energy tax fails

A bill to fund food and renewable energy projects is left to die A major environmental and energy conservation bill died yesterday when the state Legislature failed to override Gov. Linda Lingle’s veto of the measure. The so-called barrel tax bill (House Bill 1271) would have raised the price of gasoline by two to three […]

Verleger Sees $20 Oil This Year on

(Bloomberg) — Crude oil will collapse to $20 a barrel this year as the recession takes a deeper toll on fuel demand, according to academic and former U.S. government adviser Philip Verleger. A crude surplus of 100 million barrels will accumulate by the end of the year, straining global storage capacity and sending prices to […]

Perenco to halt Ecuador oil output in tax fight

QUITO (Reuters) – French oil company Perenco will temporarily halt operations in Ecuador from Thursday over a fight with the government concerning taxes, a top company executive told Reuters on Wednesday. Ecuador has seized the bulk of Perenco’s production since March in a bid to collect more than $350 million it says the company owes […]

Pickens on natural gas: You can't beat it

The oilman talks tough about Washington, the Iraq war, and our energy future. NEW YORK (Fortune) — Texas oil magnate T. Boone Pickens may have postponed his plans to build the world’s largest wind farm in Texas, but he’s come closer to accomplishing another goal: Pickens visited the nation’s capitol last week to help Senate […]

World Dependent On Fossil Fuels For A Century

The world will remain heavily dependent on fossil fuels such as oil, gas and coal for the rest of this century, despite the best efforts of governments to move toward renewable energy, an energy economist said on Wednesday. Peter Odell, professor of international energy studies at Erasmus University, Rotterdam, and author of the bestselling World […]

South Africa: Growth 'Depends On Hydro Power'

The future of SA’s economic growth depended on Southern African Development Community (Sadc) investment in hydro-electricity, particularly in the rivers of Angola, Zambia and the Democratic Republic of Congo, Energy Minister Dipuo Peters said yesterday. Addressing the Sadc Power Sector Investors’ roundtable discussion in Livingstone, Zambia, Peters said it was unfortunate there was a huge […]

Can Wind Farms Change the Weather?

Researchers are investigating the potential for large wind farms in one region to alter weather patterns in another region downwind. Specifically, the turning of the wind mill propellers creates considerable turbulence, which mixes air up and down. The resulting bumpiness of the air could significantly influence winds at low levels of the atmosphere.Kirk-Davidoff and his […]

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