Explosion rocks Gulf gas facility in Puerto Rico

Police and FBI investigate graffiti with the message “Boom, fire, RIP, Gulf” CATANO, Puerto Rico – Crews struggled to contain a huge, smoky fire at fuel storage facility outside Puerto Rico’s capital Friday following an early morning explosion that knocked out windows and shook the ground in the U.S. territory. A plume of inky black […]

Oilwatch Monthly October 2009

Latest Developments: 1) Conventional crude production – Latest figures from the Energy Information Administration (EIA) show that crude oil production including lease condensates increased by 715,000 b/d from June to July 2009, resulting in total production of crude oil including lease condensates of 72.42 million b/d. Crude oil production in the EIA International Petroleum Monthly […]

Total warns of energy insecurity

Total, the French oil group, has warned politicians that they risk accelerating an oil supply crunch if they enact environmental policies that deter investment in oil and gas before enough viable alternatives are available. Mr de Margerie has a relatively moderate position on climate change among his peers. He wants governments to enact clear, far-reaching […]

Using CO2 to Expand Low-Carbon Oil Production

S&A Resource Report editor Matt Badiali covers a broad expanse of ideas as well as geography in this exclusive interview with The Energy Report. He discusses the immense potential of Iraqi oil, and the smaller but surer resurrection of old oil fields in Illinois. In addition to sharing views about areas within the oil industry […]

Space-based solar power can help on energy needs

October is Energy Awareness Month, and this year’s theme As a former member of the House of Representatives whose legislative interests included energy, the environment and space exploration, I’m well aware of the ever-growing innovative approaches under way at NASA that can help shape America’s energy future, improve air quality and offset greenhouse gas emissions. […]

'Perspectives on Energy Policy' report now available

LIVERMORE, Calif. The report also recommends that policymakers focus their attention on outcomes and values rather than on mandating specific technical solutions “At no time in our nation’s history have the challenges associated with securing America’s energy future been so paramount and the need to develop systems solutions so critical if we are to find […]

Researchers make key step towards turning methane gas into liquid fuel

Methane, the primary component of natural gas, is plentiful and is an attractive fuel and raw material for chemicals because it is more efficient than oil, produces less pollution and could serve as a practical substitute for petroleum-based fuels until renewable fuels are widely useable and available. However, methane is difficult and costly to transport […]

Pakistan: Bomber kills 7 near nuke-linked complex

ISLAMABAD The Kamra site is often mentioned by foreign military experts and researchers as a likely place to keep planes that can carry nuclear warheads. The army, which does not reveal where its nuclear weapons are stored, has denied that the facility is tied to the program. …Shaun Gregory, an expert on Pakistani security at […]

Adopt green tech by 2014 to avert climate calamity

GREEN technologies can prevent catastrophic climate change, but only if we commit to them by 2014. Miss the deadline and we risk runaway global warming and economic meltdown. That’s the conclusion of a report published this week by the environment group WWF, which says green technologies will have to grow by 22 per cent each […]

N Korea food shortage 'desperate'

A UN rights expert says the food situation in North Korea is desperate, with aid from the World Food Programme reaching only one-third of the hungry. A drop in international aid means that only 2m people are being helped. He also said women in particular were suffering from restrictions on their right to work, and […]

Why $80 a Barrel is Now the Support Level for Oil

…The bottom line is this: Oil is going higher. It might not be tomorrow, it might not be next week, but its upward trend is unmistakable. One of my favorite authors on the economics of limited resources is Herman Daly. Herman E. Daly was a Senior Economist in the Environment Department of the World Bank […]

China's push for oil in Gulf of Mexico puts U.S. in awkward spot

Four years after denying a Chinese bid to buy Unocal, the U.S. may be in too weak an economic position to object. Rebuffing China could also push it into the arms of countries hostile to the U.S. Reporting from Beijing – A Chinese company’s gambit to drill for oil in U.S. territory demonstrates China’s determination […]

A Swamp Full of Dollars, Crude World, The Squeeze

At the beginning of his book about “pipelines and paramilitaries at Nigeria’s oil frontier”, Michael Peel travels to a place believed to be the source of oil in the island nation of Sao Tome and Principe, off the coast. He manages to get to the spot where some day an oil company will begin drilling. […]

Rubin: $100/barrel oil will return by Memorial Day

Oil prices will reach $100/barrel by the end of this winter, and we’ll see a return to $1.40/litre ($4/gallon in the US) gasoline prices by Memorial Day, says Jeff Rubin, formerly chief economist with CIBC World Markets and author of Why Your World is About to get a Whole Lot Smaller. Rubin, who will be […]

The sun slowly sets on the West's oil men

The price of $140 per barrel oil was not an aberration. It was a warning,

Little Action for China's Oil Deals

Advising Cnooc on mergers and acquisitions can’t be the easiest job in the world, but the air-mile tally must be terrific. A month ago, reports emerged that the Chinese state-owned oil major was sniffing around stakes in Nigerian oil fields. Then it was said to be competing with ExxonMobil for a stake in a big […]

John Michael Greer: Strange Bright Banners

…It A great deal of the American left seems to have seen nothing wrong in this curious definition of

Lester R. Brown: The Rising Tide of Environmental Refugees

Our early twenty-first century civilization is being squeezed between advancing deserts and rising seas. Measured by the biologically productive land area that can support human habitation, the earth is shrinking. Mounting population densities, once generated solely by population growth, are now also fueled by the relentless advance of deserts and may soon be affected by […]

The following is the second part of a two-part interview with Peter Maass, a journalist and contributing writer for The New York Times magazine. His new book, Q. Some readers may interpret your statement,

China and U.S. Try to Speed Global Climate Strategy

Senior American and Chinese officials urged their governments on Thursday to accelerate joint efforts to reduce pollution, even as their diplomats appeared at odds over crucial elements of a global strategy to fight climate change to be considered in Copenhagen in December. The calls for cooperation, led by Vice Premier Li Keqiang, came at a […]

What is Peak Oil Theory? A Thorough Look at This heavily Debated Topic

Currently there is a lot of debate going on regarding Peak Oil and precisely what we need to be doing about it, both now and in the near future. The term “peak oil” refers to that specific point in time when the Earth’s oil supply will finally reach that theoretical “maximum rate” of global petroleum […]

Shale gas supply debate heats up

Just as the rest of the world begins to get excited about prospects for shale gas reserves, a skirmish is growing over just how much shale gas is actually recoverable in the US. Matt Simmons has said a few times this year that he doesn Geologist and energy consultant Arthur Berman has also been pointing […]

Oil output hike possible in December: OPEC chief

LONDON —OPEC will consider ramping up crude oil production at its next meeting in December if key conditions are met, secretary-general Abdalla Salem El-Badri said here on Thursday. The cartel “will not hesitate to increase its production in December”, he told reporters, adding the decision was dependent on higher oil prices, improving economic growth and […]

Surging oil has petro companies drilling again

With oil prices surging, petroleum drillers have dusted off idled rigs and kick-started a global production network that thrives on high energy prices. Some oil executives have declared the yearlong slump in petroleum over, pointing to an uptick in exploration and drilling operations around the world. At $82 per barrel and growing, oil prices are […]

Exploding U.S. National Debt Means Bye Bye Miss American Pie

…During World War II the United States was self-reliant in terms of oil The United States is dependent on 600 million barrels of oil from Mexico every year. By 2012 Mexico will become a net importer of oil, so 600 million barrels of oil will need to be supplanted. Iran

Byron King: An Update on Peak Oil (Yes, It

Marcio Mello, the former explorationist from Petrobras (PBR: NYSE) and now independent petroleum consultant, electrified the Denver meeting of the Association for the Study of Peak Oil & Gas (ASPO). In a riveting talk that lasted well over an hour, Marcio detailed the immense petroleum potential of offshore Brazil, as well as the Amazon Basin. […]

Shale Gas Will Tip The Scale

A seismic shock wave is coursing through the global energy industry. Based on American innovation, a new way of extracting natural gas from prehistoric clay called shale is unbalancing the global energy equation. The traditional rulers of the fossil fuels industry The effect on European prices should be massive. Currently, long-term fixed contracts for Russian […]

The Economic Case for Slashing Carbon Emissions

The climate change news from Washington is cautiously encouraging. No one in power is listening to the climate skeptics any more; the economic stimulus package included real money for clean energy; a bill capping U.S. carbon emissions emerged, battered but still standing, from the House of Representatives, and might even survive the Senate. This, along […]

Maine Coast Could Soon Be Inundated by Rising Seas, Scientists Warn

Sea levels are likely to rise at least three feet across the globe in the next 90 years, which is a lot more than previous estimates — and Maine will probably get the worst of it. That was the message delivered by two climate change experts who just returned from the Arctic Circle and are […]

The issue of our time

Whatever you think of President Obama’s surprising Nobel Peace Prize, one thing is certain: It caused a great deal of debate about how his presidential success will be measured. Obama arguably faces a wider set of challenges than any president since FDR: Iraq, Afghanistan and the economy, to name just three. Yet whatever his success […]

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