CARACAS, Venezuela (UPI) — Public discontent over renewed disruptions in electricity supplies reached new levels as the government of President Hugo Chavez announced further cutbacks in business and domestic use of power. Officials said the cutbacks are a direct result of low water levels in the Guri hydroelectric dam, one of the largest in the […]
SINGAPORE (Reuters) Others like European traders Trafigura and Astra Oil are riding on the market’s contango structure, where weak prompt demand encourages players to store crude supplies for future sale in expectation of a price recovery. These traders are time-chartering Very Large Crude Carriers (VLCCs) to store fuel oil and crude due to a lack […]
GUYUN VILLAGE, China Western capitals have suddenly grown worried over China
MOSCOW (Reuters) – Russia has scrapped January oil exports via Ukrainian ports and also said it fears Ukraine will have problems paying for its gas, a sign of a possible repeat of New Year gas rows which have led to supply cuts in Europe. Europe, which receives 25 percent of gas from Russia, was left […]
(Bloomberg) — Nippon Oil Corp. and Nippon Mining Holdings Inc., set to merge in April, will shut three oil refining units and cut capacity at another plant by March 2011 as fuel demand shrinks in the world The two companies aim to shed 600,000 barrels a day, or about one-third of capacity, by March 2015 […]
A new era of electrified vehicles will soon be upon us. During the next decade, millions of vehicles that primarily run on electric power and are plugged in to be recharged will enter roadways. During the next decade, millions of vehicles that primarily run on electric power and are plugged in to be recharged will […]
Pick up the Sunday newspaper for a busines staff review of the last decade, and predictions from industry icons for the next ten years. This decade has been a struggle, and I, for one, will truly celebrate the beginning of 2010. I asked energy guru Dan Yergin, chairman of IHS Cambridge Energy Research Associates and […]
For those who are concerned about the lack of an effective climate change agreement in Copenhagen, there is some consolation. Depletion of global fossil fuels is likely to force the world to move to alternative energy anyway. Higher energy prices will do what trading schemes won At current levels of global production, there is enough […]
Here are my choices for the Top 10 energy related stories of 2009. Previously I listed how I voted in Platt’s Top 10 poll, but my list is a bit different from theirs. I have a couple of stories here that they didn’t list, and I combined some topics. And don’t get too hung up […]
MEXICO CITY (Reuters) – Mexican oil production fell in November after two months of rising output as the giant Cantarell field pumped less and the troubled Chicontepec project again failed to replace lost capacity. The country pumped 2.553 million barrels per day in November, 5.8 percent less than a year ago and a 49,000 bpd […]
When the Intergovernmental Panel on Climate Change issue its last report in 2007, environmental tipping points were a footnote. A troubling footnote, to be sure, but the science was relatively new and unsettled. Straightforward global warming was enough to worry about. But when the IPCC meets in 2014, tipping points
BEIJING: China’s electricity generation capacity will increase to 860 million kilowatts at the end of this year, the second largest after the United States, energy official said on Friday. The nation’s power grids coverage has become the world’s largest with fast expansion of ultra-high voltage network. New energy such as nuclear and wind power played […]
KEENE, N.H.
WASHINGTON Thirty years after the American nuclear industry abandoned scores of half-built plants because of soaring costs and operating problems like the Three Mile Island accident, skepticism persists over whether the technology is worth investing in. Yet the pendulum may be swinging back. The 104 plants now running have sharply raised their output, emboldening utilities […]
CAIRO The report by the Yemen Central Bank cited a drop in oil exports in 2009 as well as a decline in prices. World Tribune
What says holiday cheer better than a ton of carbon dioxide? Rebecca Young of Mountain View, Calif., recently opened her mail to find a gift from an old friend in New York City. To some people, the certificate may be as welcome as a lump of coal. But Ms. Young, a marketing manager for the […]
Debate over the exact timing of peak oil (the point when the world reaches a maximum rate of petroleum extraction, after which production will always be declining) adds an interesting dimension to energy price forecasts. Some experts think we So yes, I
BEIJING (Xinhua) — China’s State Electricity Regulatory Commission (SERC) Thursday called for more efforts to ensure electricity supply and safe operation of power system ahead of widespread temperature plunge after a strong cold snap. The cold snap, which already caused strong winds, heavy snow and temperature plunge between 10 and 25 degrees Celsius in northern […]
Global energy crisis is not expected before 2020, said expert Alexander Ageev, general director of the Institute of Economic Strategy of the Public Science Sector of the Russian Academy of Science. Ageev’s report on global energy security and alternative energy sources was presented at the Center of Strategic Studies under the President of Azerbaijan. The […]
Only a few years ago, a cry went up that the United States needed more oil refineries. The perceived shortage was so acute that George W. Bush, president at the time, even offered disused military bases as sites for building them. Not only did that never come to pass, but the reverse is now happening. […]
Energy conservation and alternative energy strategies are expected to grow in importance in the coming year. Val Haskell, director of Environmental Sustainability Solutions at Hitachi Consulting, shares her list of sustainability predictions for 2010: 1, Energy management will increase as a priority. Energy price volatility will continue to threaten corporate bottom lines and the two […]
The proposals discussed in Copenhagen were like the indulgences of the Middle Ages. The sinners are the developed countries, which are responsible for most of the excess greenhouse gases in the atmosphere. They want to continue business as usual, by buying off the developing countries. If developing countries can get a hundred billion dollars a […]
New York, N.Y. The US and China are both defending serious interests: The West needs to be sure that each country involved will make good on its word; China presumably needs to protect itself from external interference. (Internal politics, a sad history of Western mistreatment, and cultural discomfort with controls may deepen that feeling.) The […]
…This happens in the life of nearly all republics, and it plays an important role in the political breakdowns that afflict them at regular intervals. Still, another factor will be familiar to regular readers of this blog: the mismatch between growth and the limits of the environment that provides the basis for growth. In societies […]
1. MYTH: EVs don’t have enough range. You’ll be stranded when you run out of electricity FACT: Americans drive an average of 40 miles per day, according to the U.S. Dept. of Transportation. Most new BEVs have a range of at least double that and can be charged at any ordinary electrical outlet (120V) or […]
North Dakota’s oil patch will set a production record in 2009, despite a year that began with depressed crude prices and a drop in drilling activity, state and industry officials said. North Dakota will produce about 80 million barrels of oil in 2009, up from a record 62.8 million barrels last year, said Lynn Helms, […]
Consumers can have a major impact on the world’s efforts to reduce global warming, a major report has concluded. The research is led by Professor Mohan Munasinghe, Director General of The University of Manchester’s Sustainable Consumption Institute and one of the world’s leading thinkers on energy, sustainable development and climate change. It estimates that if […]
PARIS The new study published online by Nature Geoscience focused on a period three to five million years ago — the most recent episode of sustained global warming with geography similar to today’s, a Yale University statement said. This was in order to look at the Earth’s long-term sensitivity to climate fluctuation, including in changes […]
MOSCOW (Reuters) – Russia’s exit from the economic crisis will be slow and the world’s biggest energy exporter will remain extremely vulnerable unless it can kick its dependence on oil and gas sales, President Dmitry Medvedev said on Thursday. In an end-of-year television interview, Medvedev said Russian gross domestic product was likely to have contracted […]
Because many of the proposals for adaptation to climate change require further extensive release of greenhouse gasses, they will only make climate change worse. The late television commentator Eric Sevareid once said, “The chief cause of problems is solutions.” And, so it is with proposals to adapt to climate change. The main strategy which suggests […]
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