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News from November 2005

China Oil Shortage To Reach 270M MT In 2020 – Petrochina

China Oil Shortage To Reach 270M MT In 2020 – Petrochina thumbnail

China’s current oil shortage will rise to 270 million metric tons in 2020, a senior official at state-owned Petrochina Co. Ltd. (PTR) said Thursday. “China’s (natural) gas consumption shortage will reach 40 billion cubic meters in 2020,” Lian Jianjia, deputy director-general of Petrochina’s planning department, told the Asean Council of Petroleum, or Ascope.Yahoo! Finance


Oil Execs Admit Gov’t Contacts, Deny Role in Task Force

Oil Execs Admit Gov’t Contacts, Deny Role in Task Force thumbnail

Five oil industry executives acknowledged frequent company contacts with government officials to discuss energy issues but insisted they had responded truthfully at a recent Senate hearing when they denied participating in Vice President Dick Cheney’s 2001 energy task force…. Irving, Texas-based Exxon Mobil Corp. said its chairman, Lee Raymond, responded accurately when he said no […]


The Peak Oil Crisis: Washington Stirs

The Peak Oil Crisis: Washington Stirs thumbnail

Until recently, the phrase Falls Church News-Press


Southern ocean beckons explorers

Southern ocean beckons explorers thumbnail

Rights to explore for oil and gas across huge swathes of the Southern Ocean have been put up for grabs by the New Zealand Government in the hope that some of the world’s largest oil companies will start searching. Soaring world energy prices have made probing the farthest reaches of the globe attractive and demand […]


Another Peek at Peak Oil

Another Peek at Peak Oil thumbnail

Brian Gorman recently took a look at BP’s big investment in alternative energy. He suggested that the driving factors behind this investment are the desire for energy independence, consumer consciousness, and government support for alternative energy. From my perspective, when I see a major oil company investing $8 billion outside the oil patch, I think […]


Failing ocean current raises fears of mini ice age

Failing ocean current raises fears of mini ice age thumbnail

The ocean current that gives western Europe its relatively balmy climate is stuttering, raising fears that it might fail entirely and plunge the continent into a mini ice age. The dramatic finding comes from a study of ocean circulation in the North Atlantic, which found a 30% reduction in the warm currents that carry water […]


Test-driving the hydrogen future

Test-driving the hydrogen future thumbnail

We put Honda’s hydrogen fuel cell car through its paces in the real world of Manhattan. NEW YORK (Fortune Small Business) – The stubby Honda two-door cut through Manhattan traffic like a skateboard. It accelerated smoothly, braked quietly, and-best of all-consumed no gasoline and generated no greenhouse gases. Sticker price: upwards of $1 million. The […]


Lower Profits For the Oil Sands

Lower Profits For the Oil Sands thumbnail

Those Canadian oil-sands that looked like winners a few months ago are having to reduce their forecasts because oil prices don’t just rise. thestalwart


EU, GCC seek to raise oil output

EU, GCC seek to raise oil output thumbnail

The Gulf Cooperation Council and the European Union agreed to set up a joint team to help use European technology to raise energy output in the Gulf region, an official said. The team will work to transfer technology, increase investments, boost production efficiency and eventually raise output capacity,” Issa al-Oun, undersecretary of Kuwait’s energy ministry, […]


U.S. racing the clock to find alternate fuels

U.S. racing the clock to find alternate fuels thumbnail

Even if nothing disrupts the projected flow of Middle East petroleum, Energy Department consultants warned earlier this year that “the world is fast approaching the inevitable peaking” of global oil production – a problem “unlike any faced by modern industrial society.” They wrote that the United States and other nations are in a race with […]


Fast US growth outstrips estimate

Fast US growth outstrips estimate thumbnail

US economic growth accelerated to an annual rate of 4.3% in the three months from July to September, according to revised Commerce Department figures. In its first estimate, the department had said quarterly growth was 3.8%. There had been fears that the cost of rebuilding after hurricanes Katrina and Rita, coupled with record oil prices, […]


How China can save the planet

How China can save the planet thumbnail

If a very bright and charismatic member of the ruling Communist party were to think about it, he could come to the conclusion that it is time for that huge nation to use its impressive power and push the car industry to step away from Big Oil, which is both poisoning the planet and keeping […]


Future of the Global Economy

Future of the Global Economy thumbnail

There is a different way to think and act on global warming. Truly addressing the ecological crisis will, by all accounts, require a dramatic transformation of the global energy economy. In that transformation lies the possibility of enormous economic growth and the potential to lift living standards around the world. Economists have known for decades […]


Russian Scientist Suggests Burning Sulfur in Stratosphere to Fight Global Warmin

Russian Scientist Suggests Burning Sulfur in Stratosphere to Fight Global Warmin thumbnail

Renowned Russian scientist Yuri Israel, the head of the Global Climate and Ecology Institute, has written in a letter to President Putin that global warming requires immediate action and suggests burning thousands of tons of sulfur in the stratosphere as a remedy. mosnews


Nuclear power? Yes please

Nuclear power? Yes please thumbnail

IT now seems certain that Britain will give the go-ahead next summer to a new generation of nuclear power stations. thesun


California Energy Policy Looks to Efficiency and Renewable Energy

California Energy Policy Looks to Efficiency and Renewable Energy thumbnail

The latest energy policy report from the California Energy Commission (CEC) places a heavy emphasis on energy efficiency and renewable energy sources. Noting that the development of new renewable resources has been slower than anticipated, the CEC recommends simplifying, streamlining, and expediting the state’s Renewable Portfolio Standard process. The report also says the state needs […]


BP’s Browne Sees Energy Prices Stabilizing and Even Falling Long Term

BP’s Browne Sees Energy Prices Stabilizing and Even Falling Long Term thumbnail

World energy demand will continue to grow, but new oil and natural gas discoveries ramping up across the globe will likely lead to stabilized prices and perhaps even a dip in the long term, the CEO of BP plc said Tuesday. he said, but added there remained plenty of new opportunities for exploration and production, […]


The Artic: Big Oil’s Final Frontier

The Artic: Big Oil’s Final Frontier thumbnail

As global warming melts the Arctic pack ice, one of the world’s most remote and potentially energy-rich regions is becoming more accessible. And the race to stake a claim to the icy wastes is picking up speed. Dec. 5, 2005 issue – Who would want Hans Island? It’s a barren, windblown chunk of uninhabited rock […]


Biofuel imports anger farmers

Biofuel imports anger farmers thumbnail

For U.S. agriculture, the energy gold rush is on, and Minnesota’s pioneering biodiesel and ethanol producers are in the thick of it. But suddenly, they have foreign competition. A ship loaded with South American biodiesel pulled into a Florida port this month, and immediately qualified for a new U.S. biodiesel tax break. For the homegrown […]


EEA report shows Europe is living off world’s natural capital

EEA report shows Europe is living off world’s natural capital thumbnail

The European Environment Agency’s newest state of the environment report indicates that, despite remarkable progress in the last 20 years, the continent is not on a path to a sustainable future…Significant progress was made over the past 30 years in several areas, but unsustainable trends remain in sectors such as energy, transport and agriculture; ..Improved […]


U.S. Courts African Oil and Gas Producers

U.S. Courts African Oil and Gas Producers thumbnail

An international oil and gas conference on Africa, the world’s largest unexplored energy frontier, opened yesterday in Washington, sponsored by the Corporate Council on Africa (CCA) and the U.S. Department of Energy. Oil ministers from throughout Africa are attending the 2005 Africa Oil and Gas Forum. ..Currently, CCA President Stephen Hayes said, African countries supply […]


China May Drill Philippine Oil That Shell, Chevron Rejected

China May Drill Philippine Oil That Shell, Chevron Rejected thumbnail

China National Offshore Oil Corp., the nation’s third-biggest oil producer, may drill a field off the Philippine coast that Royal Dutch Shell Plc and Chevron Corp. abandoned as unprofitable. .. Fu Chengyu, president of the Chinese state-controlled company, is looking for overseas projects after a failed attempt to buy U.S.-based Unocal Corp. for $18.5 billion. […]


High oil price still to challenge Chinese economy next year

High oil price still to challenge Chinese economy next year thumbnail

A 10-US-dollar rise for the international crude oil price per barrel will lead to the drop of 0.1 per cent of China’s GDP growth for the current year, 0.4 per cent drop for the next year and 0.5 per cent drop for the third year while inflation rate will be up 0.2 per cent for […]


High Cost of Transport Hits Exports to Europe

High Cost of Transport Hits Exports to Europe thumbnail

Kenya’s second leading foreign exchange earner, horticulture, is facing increasing competition from emerging African producing nations, as well as Caribbean and South American countries. ..Airfreight charges in Kenya are said to be five times higher than in the competing countries. Furthermore, high energy cost, rising fuel cost and appreciation of the Shilling threaten Kenya’s stronghold […]


Suburbs Sprout Oil Derricks as City Taps Into Slimy Past

Suburbs Sprout Oil Derricks as City Taps Into Slimy Past thumbnail

THE rusting oil derricks that once pumped crude from beneath the streets of Los Angeles are being brought back to life almost 50 years after being abandoned. The derricks Times Online


Join Us As We Watch The Crisis Unfolding

Join Us As We Watch The Crisis Unfolding thumbnail

Why is this Thanksgiving different from all other Thanksgivings? ItKen Deffeyes’ Home of Hubbert’s Peak


Arguments for and against Wind Energy on BBC Radio4

Arguments for and against Wind Energy on BBC Radio4 thumbnail

A whole series of (short) programmes on Radio4 this week – all of the programmes can be listened to in arrears:
http://www.bbc.co.uk/radio4/news/farmingtoday/index.shtml
Comments from listeners appear on the site, more are welcome – get posting!
 


Scientist urges world to get serious about oil crisis

Scientist urges world to get serious about oil crisis thumbnail

The world’s politicians should act decisively to help reduce the wasteful use of oil, as a growing gap looms between demand and supply, Swedish physicist Kjell Aleklett says. Speaking yesterday at the trans-Tasman Solar 2005 energy conference hosted by the University of Otago, Professor Aleklett of Upssala University, Sweden, who is president of the Association […]


Fascism then. Fascism now?

Fascism then.  Fascism now? thumbnail

When people think of fascism, they imagine Rows of goose-stepping storm troopers and puffy-chested dictators. What they don’t see is the economic and political process that leads to the nightmare. Observing political and economic discourse in North America since the 1970s leads to an inescapable conclusion: The vast bulk of legislative activity favours the interests […]


Nowhere to run

Nowhere to run thumbnail

There is a remarkable article in the latest issue of the American Jewish weekly, Forward. It calls for President Bush to be impeached and put on trial “for misleading the American people, and launching the most foolish war since Emperor Augustus in 9 BC sent his legions into Germany and lost them”. “As the pullout […]


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