Domestic political uncertainty in Japan caused the country’s foreign minister to threaten on Sunday that “action” would be taken against China over Chinese exploration of the Chunxiao oil and gas fields in the East China Sea, Chinese experts said. Katsuya Okada said during a meeting with his Chinese counterpart Yang Jiechi on Sunday in Tokyo […]
The Royal Academy of Engineering report lays out a groundwork for reducing the environmental impact of new buildings as well as refurbishment of old ones. It added there was a serious skills gap in the sector that could grow worse. The report, called Engineering a Low Carbon Built Environment said that many building principles, such […]
LONDON (Reuters) – Europe is set to add about 1,000 megawatts of new wind power capacity in 2010 but tight credit could limit further investment in the low-carbon technology, the European Wind Energy Association (EWEA) said on Monday. Eight new wind farms totalling about 577 MW, including 199 offshore wind turbines, were connected to the […]
China’s oil imports will continue to see solid growth this year, with more than half of the country’s total oil consumption coming from abroad, industry insiders said. It is inevitable for the country – the world’s second largest oil consumer – to see a robust increase of imports, as domestic production cannot keep up with […]
(Bloomberg) — DNA from Asian carp was found in Lake Michigan for the first time, the Army Corps of Engineers said. The entry of the invasive species into the lake imperils the Great Lakes
Attacking a CIA program providing climate data to scientists, Fox & Friends accused the Obama administration of “[s]pying on icebergs instead of terrorists” and “[t]racking climate change instead of Al-Qaeda,” which echoes a press release from the conservative and ExxonMobil-funded National Center for Public Policy Research that claimed the program “diverts intelligence assets to climate […]
Europe’s biggest space company is seeking partners to fly a demonstration solar power mission in orbit. EADS Astrium says the satellite system would collect the Sun’s energy and transmit it to Earth via an infrared laser, to provide electricity. Space solar power has been talked about for more than 30 years. However, there have always […]
Planet Earth has warmed much less than expected during the industrial era based on current best estimates of Earth’s “climate sensitivity” — the amount of global temperature increase expected in response to a given rise in atmospheric concentrations of carbon dioxide (CO2). In a study to be published in the Journal of Climate, a publication […]
Newsmakers and even the oil markets (USO, X, USL) have learned to get used to tensions between the West and Iran. Last week, an Iranian physics professor linked to the country Next door, in neighboring Iraq, the country is accepting 100 billion in foreign investment that will update Iraq
It is past midnight in a jet high above the Persian Gulf, and one of the key figures in global energy shows no sign of retiring. Instead, Christophe de Margerie, CEO of the French oil giant Total, zeroes in on a favorite target: criticisms of oil companies by environmental groups, gathered in Copenhagen for the […]
Oil prices remain vulnerable to seasonal demand weakness and high oil inventories, OPEC said Tuesday, reinforcing expectations that the group will keep output steady when it meets in March. The Organization of Petroleum Exporting Countries kept its global oil demand forecast unchanged for 2010, however, in contrast with a recent downward revision by the International […]
McMoRan Exploration Company has made a significant discovery in the U.S. Gulf of Mexico that may contain 2-6 trillion cubic feet (Tcf) of natural gas reserves. The well was drilled in 20 ft of water 10 miles south of the Louisiana coast on South Timbalier Block 168 (Figure 1). The discovery by McMoRan (operator) and […]
1. Demand for oil, natural gas, and electricity is likely to fall over the next few years, because of increased recession and decreased credit availability. 2. Subsidies for renewables and nuclear are likely to decline, as governments find themselves more and more financially stretched. 3. Even with (1) and (2), there may be pressure to […]
(Bloomberg) — Rising global competition and volatile energy prices will affect Chinese oil imports, making it more difficult to guarantee domestic fuel supplies, China National Petroleum Corp. said. Chinese companies should avoid competing with their domestic peers in the international market and instead form an alliance against foreign producers, the parent of PetroChina Co., the […]
TOKYO (Reuters) – Japan Airlines Corp filed for bankruptcy protection on Tuesday, owing more than $25 billion, and vowed to slash 15,700 jobs and unprofitable routes as it tries to survive volatile fuel costs and fickle flyers. Shareholders will be wiped out and creditors will forgive 730 billion yen in debt, including a 350 billion […]
When Goldman Sachs makes a prediction about the price of an asset, you can never be sure if it’s a self-fulfilling prophecy or a psychological investment operation exercised by an elite trading team. Is Goldman calling for US$100 oil by 2011 because it’s already long oil? Or is it just early on the trade in […]
A really good rant takes a rare combination of passion, knowledge, wit, and intelligence. Recently, in a long phone conversation with Andres Duany, the architect and urban planner, I was privy to one of the best I’ve ever heard. …Duany began by identifying three concurrent crises that he traced directly to the American lifestyle: Peak […]
Rising sea levels and more storms could mean that parts of at-risk cities will need to be surrendered to protect homes and businesses, a report warns. The authors say that “radical thinking” is needed to develop sea defences that can cope with the future threats. About 10 million people in England and Wales live in […]
WASHINGTON Here are some of the obstacles to Alexander’s proposal and his response: The Leaf Chronicle
(PhysOrg.com) — Heat-loving bacteria found in the Arctic seabed have their origins in oil springs and the depths of the Earth’s crust. This is the finding of a project supported by the Austrian Science Fund FWF, which used molecular biology to study “misplaced” bacteria such as these. The possibility that molecular biology could also help […]
There are certain newspaper headlines that catch your eye and stop you in your tracks. Like the New York Post’s famous “Headless Body in Topless Bar.” Or such tabloid greats as “Evil Cows Ate My Garden,” “Double Decker Bus Found on Moon,” and my personal favorite, “Proof of Reincarnation: Baby Born with Wooden Leg.” Along […]
You That
(Bloomberg) — Efforts to boost production of renewable energy in Germany means the amount of land used to generate power and heat from corn, solar panels and wind turbines will more than double by 2020. Almost 4 million hectares will be needed for growing biofuel crops and operating windmills and solar parks within 10 years, […]
(PhysOrg.com) — Contrary to scientists’ predictions that, as the Earth warms, the movement of trees into the Arctic will have only a local warming effect, University of California, Berkeley, scientists modeling this scenario have found that replacing tundra with trees will melt sea ice and greatly enhance warming over the entire Arctic region. Because trees […]
…If you are thinking of ignoring everything written so far in this series and making your decisions based on the business-as-usual scenario our political leaders love so much, we would urge you to reconsider One can reasonably imagine that certain internal combustion vehicles will stay in sporadic use longer than others. On the water, smaller […]
(Bloomberg) — Goldman Sachs Group Inc. said that shortages will reappear in the crude oil market as supply fails to keep pace with a recovery in demand. Global oil consumption will return to levels seen before the financial crisis by the third quarter of this year, Goldman analyst Jeffrey Currie said in a presentation in […]
It’s a tragedy for the ages, and tragedy is a fulcrum of the human condition that techno-triumphalism pretends to have vanquished. All the meals-ready-to-eat on God’s green earth won’t add up to a happy ending for everybody. Haiti was a disaster waiting to happen every bit as much as the Federal Reserve is for us. […]
The American press probably hardly noticed but southern France has experienced a major blackout around Christmas and in my own region France, which used to be a major power exporter has now become a net importer and since the grid is undersized, this is becoming a real problem for those of us who don’t live […]
Remember the summer of 2008, when oil was approaching $150 per barrel and topping the headlines? The oil story quickly faded to the background when the financial crisis hit full-steam that September; we had bigger things to worry about in terms of the potential collapse of the worldwide financial system. Meanwhile, the deepening recession greatly […]
It was the contention of William Morris, the great progenitor of the modern arts and crafts movement and the historic preservation movement, that the signal qualities of industrial society are waste and useless toil. One hundred and twenty-six years after Morris gave a lecture entitled “Useful work versus useless toil” to a group of workingmen […]
Oil News Categories
Recent Board Topics
Archive
LATEST NEWS HEADLINES

Member Comments
PO Real Time
No tweets available