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News from March 2006

China’s energy needs drive uranium search

China’s energy needs drive uranium search thumbnail

..The general manager of the Beijing energy consultancy Falcon Pioneer Technology, Han Xiaoping, said Australia should not be worried about the diversion of its uranium into any military uses because China would fully accept International Atomic Energy Agency regulations and safeguards, along with inspections of its civilian nuclear facilities under the nuclear non-proliferation treaty. “I […]


Oil ‘will just keep rising’

Oil ‘will just keep rising’ thumbnail

The world has moved into an irreversible era of high oil prices in which crude prices are expected to climb continuously and possibly hit US$100 (Bt3,900) a barrel by the middle of the next decade, a US energy expert told an oil industry audience in Bangkok this week. Dr Fereidun Fesharaki, president of FACTS Inc, […]


Somalia: Oil tanker hijacked in the Somali waters

Somalia: Oil tanker hijacked in the Somali waters thumbnail

Somali pirates have hijacked giant oil tanker near El Ade port in North Mogadishu. The tanker is reported to have recently unloaded diesel in the port. The name of the tanker is said to be MT-Line and it has a crew of 32 whose nationalities are Philippines.Shabelle


China buys more Angolan crude than Saudi

China buys more Angolan crude than Saudi thumbnail

Angola passed Saudi Arabia to become China’s top oil supplier in February, according to Petromatrix, a Swiss risk-management firm. Angola shipped 456,000 barrels a day to China in the first two months of the year, Petromatrix said. That is 15 percent of China’s imports and more than what Saudi Arabia and Iran, the top two […]


Canadian Tar Sands: The Good, The Bad, And The Ugly

Canadian Tar Sands: The Good, The Bad, And The Ugly thumbnail

Peak Oil: A Shattered Myth?The Wall Street Journal suggests that peak oil is not truly happening. “The surging interest in Canadian oil sands is stark evidence that the world isn’t about to run out of oil. Instead, it is running low on readily accessible light, sweet crude — oil that flows like water, has few […]


New sources of oil coming

New sources of oil coming thumbnail

How many times have we heard about the dangers of American dependence on Middle Eastern oil? Well, prepare yourself for a few statistical surprises. The latest figures from the U.S. government’s Energy Information Administration are quite interesting. Those figures show that in January of this year, 74 percent of our oil imports came from just […]


Japan’s auto success fuels US trade alarm

Japan’s auto success fuels US trade alarm thumbnail

The global automotive industry is on the verge of a historic transition, as Japanese auto giant Toyota, now reaping a massive payoff from its prescient mid-1990s bet on hybrid technology, is set to become the world’s No 1 auto maker in terms of vehicles produced, probably by the end of the year. As a consequence […]


Guangdong swaps out oil for coal to cut costs

Guangdong swaps out oil for coal to cut costs thumbnail

The China Electricity Council yesterday called for small oil-fired power plants in South China’s Guangdong Province to be replaced with bigger coal-fired plants. Plants with 10 GW (gigawatts) in capacity will be replaced in the province, while nationwide small coal-fired electricity generators involving a total capacity of 14 GW will be closed by 2010, in […]


Too late to stop global warming, but still time to stop major disasters

Too late to stop global warming, but still time to stop major disasters thumbnail

It takes decades to stabilize emissions of greenhouse gases _ which are spewed by power plants, cars and factories _ and another half-century after that to slow revved-up ocean warming, so “you’re stuck with say 100 years of warming,” said Barnett. “I believe we are past the point of no return,” he said. “What does […]


Australia, With $71 Billion in Uranium Reserves, Seeks to Increase Exports

Australia, With $71 Billion in Uranium Reserves, Seeks to Increase Exports thumbnail

Australia’s government is committed to boosting uranium exports to redress the imbalance between the size of the nation’s reserves and its exports, a senior government executive said. Australia has about 37 percent of the world’s known low- cost uranium resources, worth about A$100 billion ($71 billion) at today’s prices, yet it lags Canada as a […]


Oil Sands Shift Economic Power in Canada

Oil Sands Shift Economic Power in Canada thumbnail

Some of the biggest international oil players plan to invest C$100 billion (US$85.66 billion) over the next decade into developing the gooey oil sands here. Alberta is at the center of a new energy-based Canadian economy that promises to be all the more crucial to the US. As more oil flows, more economic power and […]


DOE Issues $6M Solicitation for Storage R&D

DOE Issues $6M Solicitation for Storage R&D thumbnail

The Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy (EERE) has issued a solicitation for applied research and development projects on hydrogen storage technologies for on-board vehicular applications. The key technical challenges, according to the DOE, for all approaches of vehicular hydrogen storage include: greencarcongress


US Announces New Fuel Economy Standards for Light Trucks

US Announces New Fuel Economy Standards for Light Trucks thumbnail

US Transportation Secretary Norman Mineta announced the expected new fuel economy standards for light trucks today. This represents the first complete reform of the Corporate Average Fuel Economy (CAFE) program for pickup trucks, sport utility vehicles and minivans since the programgreencarcongress


The Peak Oil Crisis

The Peak Oil Crisis thumbnail

It seems like a good time to revisit everybody’s least favorite topicfcnp


Carbon: too much, not too little

Carbon: too much, not too little thumbnail

The Salon article mentions coal only a couple of times in passing. Yet coal and coal-fired electricity already compete directly with oil in all major uses except personal transport. If current oil prices are sustained for long, we can expect to see electricity displacing oil in home heating, and electrification of rail transport at the […]


SAUDI ARABIA: TERROR ATTACK ON OIL REFINERY FOILED

SAUDI ARABIA: TERROR ATTACK ON OIL REFINERY FOILED thumbnail

RIYADH – Saudi security forces have thwarted a terrorist attack on Saudi Arabia’s largest oil refinery Abqaiq, the second in two months, according to media reports. The Kuwaiti news agency KUNA and the Iraqi Radio Nawa report that police discovered two car bombs in the area. Local daily al-Riyadh reports that Saudi police on Tuesday […]


Credit Investors Ponder GM-Sized Hole in the Universe

Credit Investors Ponder GM-Sized Hole in the Universe thumbnail

Like the elephant in the living room, the decline of General Motors is a problem that investors don’t want to think about but can’t ignore. The world’s largest automaker, whose debt is close to the gross domestic product (GDP) of Belgium, lost more than $10 billion last year and is facing a bankruptcy that would […]


Saudi Security Forces Foil Terror Attack

Saudi Security Forces Foil Terror Attack thumbnail

Saudi security forces discovered and disarmed explosive devices planted in two separate vehicles near Saudi Arabia’s largest oil refinery, Abqaiq, the Saudi newspaper al-Riyadh reported on Wednesday. The paper said security forces broke into a house in al-Muntaar town on Tuesday where Saudi Arabian Oil Company Aramco employees live, to find two booby-trapped cars with […]


US Revised January Oil Use -2% vs Year Ago at 20.11M B/D

US Revised January Oil Use -2% vs Year Ago at 20.11M B/D thumbnail

U.S. oil demand in January averaged 20.11 million barrels a day, down 2% from a year earlier and at the lowest monthly level since September 2005, when hurricanes pushed retail gasoline prices to record high levels, latest government data show. The U.S. Energy Information Administration’s revised figures, published Tuesday, show demand down 0.9%, or 177,000 […]


Indonesians Slam Exxon Mobile Takeover of Key Oil Field

Indonesians Slam Exxon Mobile Takeover of Key Oil Field thumbnail

CAIRO The protestors said the US and other foreign powers were engaging in a new form of “colonization” through the domination of economic assets. US Exxon Mobil has been named earlier in the month leading operator in the block in cooperation with Indonesia’s state-run oil and gas firm PT Pertamina under a joint operation agreement. […]


Companies tap industrial waste for savings

Companies tap industrial waste for savings thumbnail

Food processor Cargill generates heat from methane made from scraps BEARDSTOWN, Ill. – One man’s trash is another man’s treasure. And the same goes for corporate America’s waste. Companies and municipalities have been looking to their landfills and trash bins for fuel sources for years. But with energy prices spiking, that search has intensified. Just […]


The New Hot Zones

The New Hot Zones thumbnail

Books, films and a slick ad campaign make global warming the topic du jour. In the din and clamor of issues competing for public attention, there’s an inner circle of causes that virtually define good citizenship. Who would argue that a mind isn’t a terrible thing to waste? The quasi-official gatekeeper to this pantheon is […]


New fuel economy rules issued to auto industry

New fuel economy rules issued to auto industry thumbnail

Most significant changes in 3 decades will affect automakers The new rules represent the most significant changes to the Corporate Average Fuel Economy system in three decades and will affect automakers


Michigan sets sights on ethanol to become an energy hotbed

Michigan sets sights on ethanol to become an energy hotbed thumbnail

State ramps up output of the automotive fuel Nearly 100 years ago, Henry Ford proclaimed that ethanol would be the automotive fuel of the future. The maker of the Model T and father of the modern automobile industry used a blend of ethanol and gasoline to power the car that put America on wheels. Ethanol […]


States in US CO2 plan may aim at industrial plants

States in US CO2 plan may aim at industrial plants thumbnail

NEW YORK – U.S. states breaking with the Bush administration in forming a regional plan to limit greenhouse gas emissions at power plants could next aim for cutting emissions at industrial plants, officials from the states said. The Regional Greenhouse Gas Initiative, a group of seven states in the U.S. Northeast, plans to cap emissions […]


In Russia, Ample Supply, Few Pipelines

In Russia, Ample Supply, Few Pipelines thumbnail

USINSK, Russia But for now, the Russian government controls exports. So instead, oil from here is pumped into a maze of state-run pipelines stretching far to the south, where it is blended with inferior oil and sold at a discount. “What can we do?” asked Sergei M. Nesterenko, director of Northern Oil, a subsidiary of […]


Nucor CEO urges more drilling for natural gas off U.S. coast

Nucor CEO urges more drilling for natural gas off U.S. coast thumbnail

The chief executive of North Carolina-based Nucor Corp. urged Congress on Tuesday to pass legislation to stimulate more natural-gas production along the outer continental shelf off the Gulf Coast and some areas of Alaska. “Now, I don’t expect our government to guarantee us low natural-gas prices,” Dan DiMicco said in remarks prepared for a news […]


Australia braces for second super cyclone in two weeks

Australia braces for second super cyclone in two weeks thumbnail

PERTH, Australia (AFP) – Australia braced for the second powerful cyclone to strike in two weeks as a major storm bore down on the country’s mineral-rich west coast, forcing a halt to some mining and oil drilling operations in the region. Cyclone Glenda was upgraded to the highest category five tropical storm overnight but later […]


Vague Law and Hard Lobbying Add Up to Billions for Big Oil

Vague Law and Hard Lobbying Add Up to Billions for Big Oil thumbnail

WASHINGTON, March 26 Mr. Barton’s claim had a long history. For more than a decade, lawmakers and administration officials, both Republicans and Democrats, have promised there would be no cost to taxpayers for a program allowing companies to avoid paying the government royalties on oil and gas produced in publicly owned waters in the Gulf. […]


The Peak Oil Meme Has Been Let Loose

The Peak Oil Meme Has Been Let Loose thumbnail

What has long been considered the unthinkable may finally be here. Peak Oil is the petroleum industry Adapting to a world in energy descent will call for far more change than simply trading the family SUV in for a Prius. Oil is the miracle product of the past 150 years that permeates almost everything in […]


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@paulcurrion @RodZeidan @giancarlotorpi @BrankoMilan Willingly or by force we are going to make the transition because there is no alternative. The problem is what level of economic output we'll have after it. I doubt for example that we are going to see electrical planes. Will we have energy rationing like in the 40s ? #PeakOil

@paulcurrion @RodZeidan @giancarlotorpi @BrankoMilan If renewables were easy to implement and they had good EROIs then I wouldn't worry. But since most renewables have very low EROIs then I think we are heading towards catastrophe. Many industries depend on fossile fuels. And we need a hard rudder turn... #PeakOil

@RodZeidan @paulcurrion @giancarlotorpi @BrankoMilan And Growthers should give us a realistic way to increase fossile fuels production. But they ignore the problem and then wishfully hope that something like fusion power is going to come to the rescue. That's foolishness at its best ! #PeakOil