Pouring oil on troubled waters

Japan should aim to increase the proportion of crude oil supplies that it controls from 15 per cent to 40 per cent by 2030, according to a draft national energy strategy floated this week by government officials. This ambitious target, if adopted, promises an intensification of competition for oil resources, particularly with China and India, […]

Belated appreciation for Carter’s energy vision

As Jimmy Carter was introduced at a Mariners game last week and later stood to leave his box, fans gave the 39th president a warm ovation and shouted greetings. Carter was far ahead of his time in attempting to construct an energy policy that would have liberated America from dependence on Middle East oil and […]

China growth unsustainable on all counts, must change: economist

China’s growth model, based on the West’s economic model with its massive appetite for resources and increasing environmental degradation is unsustainable and will have to change, a leading environmentalist said. Lester Brown, head of the Washington-based Earth Policy Institute, told reporters in Beijing that China’s current path could not be maintained at either the national […]

Residents Protest Power Outage, Beat Up Officials

Some residents of Abeokuta, the Ogun State capital yesterday stormed the Lantoro office of the Power Holding Company of Nigeria [PHCN] to protest non-supply of electricity in their areas in the last seven days and beat up some officials of the company. The PHCN office was vandalized and two vehicles belonging to some staff of […]

Silicon supply could limit solar energy boom

It seems as if now would be the time to shine for solar panel makers, but a lack of a key raw material will cloud the picture for many over the next couple of years. With concerns about high fossil fuel prices and greenhouse emissions driving demand for renewable, cleaner energy sources, solar stocks have […]

India’s energy shortage

Major power shortages in India’s capital have again put the spotlight on long-term issues that the country has yet to deal with in terms of ensuring energy for everyone. The Indian Ministry of Power says the country faces an average energy shortage of about 8 percent and a peak shortage of about 12 percent — […]

Consumers Turning To Motorcycles Due To High Gas Prices

10news

World economy ’surviving oil’

The world economy shows every sign of shrugging off the impact of sky-high oil prices, acting Opec secretary-general Mohammed Barkindo said on Tuesday. Speaking ahead of a meeting of the Organisation of Petroleum Exporting Countries on Thursday, he told reporters: “There has been no significant evidence that these oil prices have an effect on growth. […]

The end of the ‘age of oil’

That oil is a finite resource is a commonly known fact. Increasingly, however, oil experts and geologists are focusing less on the question of when global oil supplies will run out, but on when the supply of regular crude will have reached its half-life – i.e., the moment when global oil production will be at […]

Canada Pays Environmentally for U.S. Oil Thirst

Washington Post – Huge mines here turning tarry sand into cash for Canada and oil for the United States are taking an unexpectedly high environmental toll, sucking water from rivers and natural gas from wells and producing large amounts of gases linked to global warming. The digging — into an area the size of Maryland […]

PEAK OIL FEARS AND HYPE, PART 2

Letfreemarketnews

Commentary: Kicking the oil habit

The recent surge in gas prices has touched a raw nerve for many around the country, reminding us of an economy that is increasingly uncertain for the middle-class, a growing addiction to oil that draws us ever closer to dictators and despots, and a fragile global position with a climate that is increasingly out of […]

Iraq has more reserves than data reveals

Oil reserves in Iraq are far greater than the current data reveals, according to Bertrand Tetrias, a senior manager at CGG, an oil and gas production services company operating in the UAE. “The technology that has been used to assess Iraq’s oil reserves was more than 20 years old. gulfnews

Venezuela’s `black gold’ bonanza

Huge reserves will make nation the world’s leading oil source, writes Natalie Pearson Beneath the plains and winding tributaries of the Orinoco River lie what Venezuela believes is the planet’s largest oil deposit – a tar-soaked basin that could help meet spiraling global energy needs. It’s known as the “Faja,” or “belt” – a strip […]

Oil remains the driving force

Exxon Mobil Corp. chief executive Rex Tillerson fully expects the world to switch to some form of energy other than oil. But getting there will take at least 30 years, even if scientists come up with a breakthrough tomorrow that would make an alternative fuel financially viable. That’s why Exxon isn’t investing in alternative fuels, […]

Survey to Show Nuclear Power Is Least Popular Alternative Energy Source

In the week after President Bush’s visit to a nuclear power plant, a major new national opinion survey will show that nuclear power is far less popular among Americans (including conservative voters) than the renewable energy alternatives of wind power and solar energy. The survey also will show strong bipartisan skepticism about the costs and […]

Electro Energy

There were two implementations of a plug-in Prius on Capitol Hill earlier in May in support of the testimony before the House on plug-in hybrids (earlier post): CalCars greencarcongress

Venezuela’s Oil Model: Is Production Rising or Falling?

Christian Science Monitor – In recent weeks, both Bolivian president Evo Morales and Ecuador’s president Alfredo Palacio have taken a page out of Venezuelan populist president Hugo ChChristian Science Monitor

OPEC Spare Output Capacity to Triple, Barkindo Says

(Bloomberg) — OPEC’s spare oil output capacity may triple by 2010 as member countries spend $100 billion on exploration and production projects, acting Secretary General Mohammed Barkindo said. Spare volume by the Organization of Petroleum Exporting Countries’ member could increase to 6 million barrels a day from about 2 million barrels a day currently, which […]

Global sell-off hits share prices

World share prices have fallen sharply again, this time due to concerns over surging oil prices, rising interest rates and jittery US consumers. Share dealers across Europe had their fingers on the sell button, with the leading indexes in France, Germany and the UK all falling by nearly 2.5%. In the US leading shares were […]

Canada Lagging in Wind Power, Wind Energy Association Chief Says

CANOE Money – Canada has “probably the best wind resource in the world” but lags behind other developed countries in generating electricity from the air, the head of the wind industry’s national organization told a Bay Street crowd Tuesday. “Wind energy is increasingly cost-competitive . . . and will clearly become more so,” said Robert […]

Post-Petroleum Woman

EnergyBulletin.net – ….Subsequently, I began researching Peak Oil and then informing the students in my college history classes about what I consider the stellar historical event of the modern world, the end of hydrocarbon energy and probably the end of Western civilization. Yet consistently in the process of informing myself about Peak Oil, I encountered […]

Outside View: Energy Importers Worried

(UPI) — Speculative demand for oil and gas in the world market, and steadily growing prices on energy carriers have compelled some energy exporting countries to enhance government influence in this key sector. The Latin American countries were the first to act. The Bolivian and Venezuelan presidents have toughened control over the operation of foreign […]

Renewable Energy Must Be Competitive With Oil At $30 A Barrel

30th May 2006. Cambridge, UK: Recent turmoil in the commodity markets illustrates just how vulnerable the renewable energy sector is to any easing of oil prices. According to Cambridge UK analysts CarbonFree, environmentally friendly energy products and technologies, even those based on photovoltaic solar cells, will need to produce energy that is competitively priced in […]

Oil shortages hit Iraq with onset of summer heat

Iraq’s brutal summer heat sends temperatures soaring above 40 degrees Celsius (104 Fahrenheit), a dire shortage of petroleum products is damaging the economy and cutting electricity supplies in Baghdad to new lows. The shortage is due to a host of reasons, including rivalries among political parties in the south, but an interior ministry spokesman said […]

Germany Leading the Future of Renewable Energy

The potential of photovoltaics, wind power and biomass soars since German law passed. Out of more than 6 billion people living in the world, only a fraction has unlimited access to electric current. Since the supply of fossil fuels is limited, renewable energy could provide a source of never-ending, environmentally-friendly produced electricity. Sooner than most […]

Morocco must increase its energy consumption: Minister

In an interview with the Moroccan daily L’Economiste, Boutaleb explained that “there is no question for us to reduce consumption of energy products taking into consideration our delay. On the contrary, we have to increase it because the rate of consumption is an economic indicator of development.” Boutaleb considers necessary the development of renewable energies […]

Africa’s Energy Needs Top Agenda World Bank

The World Bank is questioning the value of large-scale power-generation projects of the type it has funded in Africa and other parts of the developing world. The World Bank has been criticized for traditionally favoring mega size hydropower projects at the expense of renewable energy solutions. The bank estimates that current oil prices are causing […]

Clean coal can help meet Europe’s energy needs: Piebalgs

“Europe’s own abundant coal reserves offer security of supply,” said EU Energy Commissioner Andris Piebalgs. “However, the challenge of global climate change means that coal use must be accompanied by a reduced environmental impact, which means lower emissions.” Piebalgs said researchers should focus on the viability of zero-emission coal-fired power generation. He said he would […]

Japan, China eye energy cooperation for better ties

Japanese and Chinese officials expressed hope on Monday that a new initiative aimed at cooperating in saving energy and protecting the environment would help mend fences between the two countries. Sino-Japanese relations are at their lowest point in decades, weighed down by a territorial dispute and rows related to Japan’s invasion and occupation of parts […]

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