European gas buyers unwilling to pay for security of supply

Even as we’ve been going through years of hand-wringing about security of supply, and about how Russia was an unreliable gas supplier, it comes out the European gas buyers are themselves increasingly refusing to pay the price that underpins the security of their Russian supplies, and are breaking their contractual obligations towards Gazprom, making Europe, […]

Aramco names Manifa date

Saudi Arabian giant Saudi Aramco will bring the Manifa oilfield on stream in 2013, a company official said. Aramco has slowed work at the 900,000 barrels per day development as it looks to save costs on oil and gas service contracts and as a slowdown in global oil demand makes capacity expansion less urgent. “Sometime […]

Obama unveils "Smart Energy" plan for green energy, jobs. Fact sheet

The Obama Administration is investing $3.4 billion through the American Recovery and Reinvestment Act, to help fund the largest single energy grid modernization in U.S. history. One-hundred private companies, utilities, manufacturers, cities and other partners will receive grant awards tomorrow ranging from about $400,000 to $200 million to help build a nationwide smart energy grid […]

logi Energy Determines Saudi Oil Production Has Peaked

In a discussion with Jim Puplava, FS Radio, Jeffrey Brown described his analytical work with Dr. Samuel Foucher, also part of logi Energy, where they determined that annual production in Saudi Arabia has never exceeded the production in 2005 and believe it never will. Jeffrey went on to discuss his land export model and the […]

Understanding Energy: Professional Money Management and Peak Oil

Over the past two weeks I With the exception of some work done over the years at Goldman Sachs (GS), I don

Toyota to release solar charger for electric vehicles

(PhysOrg.com) — Toyota is developing a solar charging station for electric cars and plug-in hybrids, making a green technology even greener. It has also designed a battery charger for mounting inside an electric vehicle or plug-in hybrid to recharge the storage batteries. Toyota Industries Corporation’s announcement follows similar press releases in August by Nissan Motor […]

Resource Nationalism: The Last Stand for the Oil Optimists

The price of oil has more than doubled from its nadir of $30 a barrel earlier this year. To explain the resilience of oil prices in the face of a severe economic slump, the oil optimists have turned to an old standby argument: resource nationalism. With the world in the middle of the worst economic […]

Chart: How the

The Department of Energy The lion

Statistics experts reject global cooling claims

WASHINGTON The statisticians, reviewing two sets of temperature data, found no trend of falling temperatures over time. And U.S. government figures show that the decade that ends in December will be the warmest in 130 years of record-keeping. Global warming skeptics are basing their claims on an unusually hot year in 1998. They say that […]

Michael T. Klare: Where The CIA Got It Wrong About The U.S.

Memo to the CIA: You may not be prepared for time-travel, but welcome to 2025 anyway! Your rooms may be a little small, your ability to demand better accommodations may have gone out the window, and the amenities may not be to your taste, but get used to it. It’s going to be your reality […]

$80 oil on the way to $100 by the end of 2009

Oil is now flirting with $80 per barrel. In January, while many other analysts were predicting $40 to $60 oil, I predicted that oil would soon be back at $100. There are obvious and real underlying reasons for the escalating oil prices. But news headlines have ruled the price of oil since at least 2004. […]

Why the world will never run out of energy

Oil, nuclear power remain abundantly available Oil remains so abundant that it is unlikely the world will ever run out, Jerome Corsi’s Red Alert reports. Economist Julian Simon, former professor of business administration at the University of Maryland and a senior fellow at the Cato Institute, was famous for taking a contrarian position on energy […]

National Committee to Protect Oil, Gas calls for new law banning gas export

Dhaka, BANGLADESH (Asia Pulse Data Source via COMTEX) – The National Committee to Protect Oil, Gas, Mineral Resources, Power and Port Saturday renewed its demand for enacting a law banning the export of the country’s energy resources. “A law has to be enacted scraping the model PSC 2008 to ban gas export,” Prof Anu Mohammad […]

Oil and the Future – A lunchtime address by John Hess

Our industry is at a crossroads. In the past few years, oil supply has struggled to keep pace with demand. But the financial crisis has reduced demand by 2 million barrels per day, creating excess inventories and lower prices. But once economic growth recovers, it is likely we will return to the market conditions of […]

Kunstler: Self-jiving Nation

The scene in the White House these days must be a sort of Opera Bouffe, in which an earnest and rather grave young man moves from one roomful of lesser officials to another in which all agree to pretend that they have prevented the nation from falling into something they call “the abyss.” At the […]

Goldman Keeps $85 Oil Target on China

(Bloomberg) — Goldman Sachs Group Inc. maintained its forecast for crude oil to reach $85 a barrel by the end of this year on China posted a 600,000 barrel-a-day increase in refined- product demand in the third quarter as its economy grew 8.9 percent, said analysts at the bank. While Asia

Japanese Companies To Develop Small Nuclear Reactors

According to an AFP report, Japan’s major nuclear reactor manufacturers have begun developing small nuclear power systems for both developed and emerging countries, a report said on Saturday. Toshiba Corp. is developing an ultra-compact reactor with an output of about 10,000 kilowatts and has started procedures for approval in the United States, the Nikkei business […]

DB Climate Change Advisors Publishes Analysis of 270 Climate and Energy Policies

Deutsche Bank The “Climate Tracker

Europeans Dream of a 'Supergrid,' but Many Wires Need Connecting

European energy planners have a dream: an electricity grid spanning the continent and farther, one that seamlessly blends in the sharply rising but wildly fluctuating power coming from renewable sources and, at the same time, cuts transmission losses. From the wind and wave-rich north to the sun-soaked south, the goal is to make sure not […]

Lead by Example: Obama Executive Order Pushes Federal Sustainability

In these parlous economic and perilous environmental times a firm focus on sustainable government practices sounds like a good exercise that could also serve as a valuable template for action outside of the government. It The Executive Order signed by the president earlier this month sets sustainability goals for Federal agencies, focusing on improving their […]

China oil demand in fastest growth in over 3 yrs

BEIJING (Reuters) – China’s apparent oil demand rose 12.5 percent in September from a year earlier, the sixth rise in a row and the fastest rate since June 2006, as refiners operated at record rates amid a sustained recovery in economic activity. However, the robust September rate, anticipated by some analysts, may have been inflated […]

92-year-old's website leaves oil giant Shell-shocked

At 92 years old, Alfred Donovan is an unlikely online campaigner. But he and his son John, 62, have been a painful thorn in the side of Royal Dutch Shell for more than a decade. The pair run one of the oldest and most effective “gripe sites”, and the oil giant’s army of well-paid lawyers […]

OPEC says to raise output if oil at $100

LUANDA (Reuters) – OPEC ministers will raise output to protect the global economic recovery at a meeting in December if oil prices rise to $100 per barrel, the group’s president said on Sunday. Jose Botelho de Vasconcelos, who is also Angola’s oil minister, said that both producers and consumers were comfortable with oil prices at […]

Study: 3 Types of Alternative Jet Fuel May Be Available Over Next Decade

A joint MIT/RAND study of the near-term commercial feasibility of alternative jet fuels has concluded that three types of alternative jet fuels may be available in commercial quantities over the next decade: Jet A derived from Canadian oil sands and Venezuelan Very Heavy Oils (VHO); Fischer-Tropsch (FT) jet fuel produced from coal, a combination of […]

$80 Oil

The $80 oil price is starting to worry me a little. Translate it into gasoline and you get somewhere around $2.50 per gallon or a little higher, depending on where in the US you fill up your tank. Add to that a little cold weather and expanding crack spreads in refineries, and the price will […]

2010 Now: Brazil Anticipates 5% Biodiesel Addition to Diesel by Three Years

The president of Brazil, Luiz InExpectations, according to the Presidency of the Republic, are for B5 to expand production of biodiesel to 2.4 billion liters in 2010, strengthening the Brazilian world leadership in renewable energy in commercial scale. To Lula, the country is now globally respected and it is necessary to make use of what […]

Tallying Biofuels' Real Environmental Cost

Are biofuels really green? A pair of new studies in the Oct. 22 issue of Science damningly demonstrate that the answer is no, at least not the way we currently create and use them. In the first study, a team of researchers led by Jerry Melillo of the Marine Biological Laboratory in Woods Hole, Mass., […]

Insights Regarding Future World Oil Production: ASPO Denver Presentations

This post is an attempt to summarize the main points on oil and the economy from the conference presentations–concluding that there are three distinct future trajectories as we go forward. At the Denver conference, world oil production was discussed from both the supply side (what flow rate can be reached) and the demand side (how […]

Climate targets can't be achieved, say energy companies

In a sign that some of the oil majors, which are preparing to announce 60pc-70pc drop in net profits this week, are becoming bolder in their opposition to international efforts to reduce carbon dioxide emissions by 80pc over the next four decades, a senior executive who spoke to The Sunday Telegraph said there was currently […]

China: Tower of Power

In China, one doesn’t have to look far to see the country’s commitment to renewable energy. In cities such as Beijing and Shanghai, rooftops are now covered with solar water heaters. On the grasslands of Inner Mongolia, towering white wind turbines are popping up where only cattle, sheep and herders on horseback once roamed. While […]

« 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