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News from May 2006

Industrial output drops 1.5%

Industrial output drops 1.5% thumbnail

The country’s industrial output shrank 1.5 percent in April from a month ago as several major industries saw their sales decline due to high oil prices and a strong Korean won. The National Statistical Office said yesterday a slump in car and mobile phone sales dragged down the total industrial production figures in Asia’s third […]


Bush

Bush thumbnail

The President’s Advanced Energy Initiative promotes America’s four main sources of electricity: coal, nuclear, natural gas, and renewable sources. To Continue Economic Growth In A Competitive World, America Must Find Solutions To Its Energy Needs. Over the past 30 years, our economy has grown three times faster than our energy consumption. During that period, we […]


Africa battles ‘oil curse’

Africa battles ‘oil curse’ thumbnail

Experts call it the ‘oil curse’. In Africa’s oil exporting countries, only a tiny fraction of revenues is used to fight poverty, and in many cases black gold has actually become a hurdle to development. Oil in Africa — from the Gulf of Guinea to northwestern Sudan — lies at the heart of questions of […]


Namibia: Steep Power Price Increases On the Horizon

Namibia: Steep Power Price Increases On the Horizon thumbnail

Electricity tariffs could rise by as much as 50 per cent in the next five years. The Electricity Control Board (ECB) has warned that this is the situation Namibian consumers could face if they do not begin using the precious commodity more prudently. In an exclusive interview with The Namibian last week, ECB Chief Executive […]


Chavez Calls for Cut In Oil Production

Chavez Calls for Cut In Oil Production thumbnail

Venezuelan President Hugo Chavez is pushing for an cut in oil production as he hosts an OPEC meeting this week, but he appears to be a lone voice as other members of the cartel will probably want to keep output unchanged to temper soaring prices. Analysts say the Organization of Petroleum Exporting Countries is likely […]


Video of week Carbon Capture & Storage Webcast

Video of week Carbon Capture & Storage Webcast thumbnail

I do have time, however, to point out this webcast that took place in Bonn (Germany) a few days ago. I also have time to point out that CCS is not an environmentalists dream but it is a practical necessity. Peak oil and concerns of fuel price and supply security are all pushing towards greater […]


Libya opens gas field

Libya opens gas field thumbnail

Libya has officially opened one of its largest natural gas fields and has said Europe will be a major customer, according to a report from the Jamahiriya News Agency, the official Libyan press service. “Libya will be an important supplier of gas to Europe,” Shokri Ghanem, Libya’s top oil official, was quoted by the agency […]


Energy Shortage

Energy Shortage thumbnail

The legislative outlook is brighter in the Senate, which has before it the Enhanced Energy Security Act of 2006. The bill has impressive bipartisan sponsorship and incorporates the best features of an earlier (and more cumbersomely named) vehicle called the Vehicle and Fuel Choices for American Security Act. Its stated purpose is to reduce oil […]


Major Investments In Refineries To Ease Oil Prices-Expert

Major Investments In Refineries To Ease Oil Prices-Expert thumbnail

Oil companies and other investors are spending a collective $100 billion on new oil refineries that could alleviate the current bottleneck in refining capacity – and eventually translate into a small cut in the price of gasoline, a top project financier said Sunday. Will Rathvon, global head of project finance for Standard Chartered Bank, said […]


The Greener Guys

The Greener Guys thumbnail

When Timberland, the outdoor clothing company, studied ways to reduce its carbon emissions four years ago, it weighed several options: building a wind farm in the Dominican Republic, buying power generated by renewable resources and setting up a vast bank of solar panels at one of its distribution centers in Ontario, Calif. It chose to […]


Japan Eyes Raising Oil Development Ratio to 40% by 2030

Japan Eyes Raising Oil Development Ratio to 40% by 2030 thumbnail

A government research committee on energy development has proposed that Japan raise the percentage ratio of independently developed crude oil against imports from the current 15 percent to 40 percent by 2030, industry ministry officials said Monday. The panel, supervised by the Ministry of Economy, Trade and Industry, set the target in a final draft […]


Aussies Make Advances In Laser Uranium Enrichment

Aussies Make Advances In Laser Uranium Enrichment thumbnail

Policy makers all over the world are proposing new nuclear power programs. My impression is that some of these new nuclear programs come with healthy debate about some of the issues, such as in the UK, while others seem to simply impose this energy policy, such as the US and Canada. I still want to […]


The Passive House

The Passive House thumbnail

In this webcast, Erwin Mlecnik from the Belgian Passive House Platform introduces the subject. Passive Houses reduce final demand for heat by a factor 10, and total energy consumption by a factor 6. They represent one of the largest and most promising concepts to contribute significantly to sustainable energy. The webcast defines the Passive House […]


Hydro and Norske Skog Evaluating Wood-to-Diesel Project

Hydro and Norske Skog Evaluating Wood-to-Diesel Project thumbnail

Hydro, the Norwegian energy company, and Norske Skog, one of the world greencarcongress


Would Drilling More Alaskan Oil Cut Prices? – Answer Desk

Would Drilling More Alaskan Oil Cut Prices? – Answer Desk thumbnail

MSNBC.com – The week’s vote in the House to approve drilling for oil in the Arctic National Wildlife Refuge has several readers MSNBC.com


China Invites Oil Firms to Join Invasion of Tibet

China Invites Oil Firms to Join Invasion of Tibet thumbnail

The Guardian – The Chinese government is to woo foreign companies such as BP and Shell to explore for oil in Tibet. The controversial move follows a failure by the partly state-owned PetroChina to realise Beijing’s hopes that the disputed land could quickly become a major source of fuel for energy-starved China. PetroChina is to […]


China Says It’s Slowing Rate of Desertification

China Says It’s Slowing Rate of Desertification thumbnail

(Reuters) – China, with desert covering one third of its landmass, is slowing the rate at which desertification is eating up arable and other land but the problem remains serious, a government official said on Monday. At the end of the last century, areas affected by desertification in China were expanding at an annual rate […]


Rather Than Face Up To Climate Change And Do What Can Be Done…

Rather Than Face Up To Climate Change And Do What Can Be Done… thumbnail

…Humanity May Opt To Let It Happen New Statesman – All shades of opinion are in denial about the magnitude of the environmental challenge facing us. Our need to be comfortable may be stronger than our will to survive, argues John Gray During the present century, human beings are likely to experience a change in […]


‘Alternate Energy’ Increasingly Mainstream

‘Alternate Energy’ Increasingly Mainstream thumbnail

MSNBC.com – The idea that a profit can be made on solar, wind, biofuel, ethanol and other alternatives to oil and natural gas have Silicon Valley venture capital firms betting record amounts of money on new energy technologies. And they would prefer people stop calling it “alternative energy.” “We should understand … that this is […]


China, India, Brazil Could Slash Energy Use – Report

China, India, Brazil Could Slash Energy Use – Report thumbnail

(Reuters) – China, India and Brazil could reduce energy use by a quarter with simple efficiency schemes but banks have been sluggish to lend to such projects, an international study said on Monday. The three-nation report, led by the World Bank and the U.N. Environment Programme, said many banks had overlooked chances to boost their […]


Peak Oil Will Not Help Us In The Climate Change Fight

Peak Oil Will Not Help Us In The Climate Change Fight thumbnail

Grist Magazine – I’ve said it before, I’ll say it again: Peak oil is not going to vouchsafe clean-energy outcomes. Peak oil’s primary short-term effect will be to sharply increase demand for coal. Coal to make electricity. Coal to make ethanol. Coal to make heating oil and diesel. Coal, coal, coal. It might solve the […]


China April Oil Demand Growth Strongest Since 2004

China April Oil Demand Growth Strongest Since 2004 thumbnail

(Reuters) – China’s apparent demand for oil climbed 10.8 percent in April from a year earlier, the strongest rise since 2004, after an increase in state-set fuel prices encouraged refiners to boost supplies to the domestic market. The world’s second-largest oil consumer used 6.69 million barrels per day (bpd) last month, calculations based on official […]


Low Oil Warning: Planning Starts Now

Low Oil Warning: Planning Starts Now thumbnail

The Age (Australia) – Regardless of when you think global oil production will peak, planning for a low oil future starts now, writes Elliot Fishman. PEAK Oil is a term used to describe the point at which maximum oil production is reached; it signals that half the world’s oil reserves have been consumed. There is […]


Frying oil price raised due to biodiesel demand

Frying oil price raised due to biodiesel demand thumbnail

ROTTERDAM – French fries at snackbars are expected to get more expensive. This is due to a rising demand for biodiesel that also pushed demand for frying oil. Biodiesel can be made from various sources of vegetable oil. “Governments want biological fuel to be blended with diesel. This year at two percent, but that number […]


Tight Oil Supplies: Simmons

Tight Oil Supplies: Simmons thumbnail

A comprehensive PDF by Matthew Simmons Questions We Should Have Asked: Could end to sustainable energy supply growth be nearing? How soon could ‘peak oil and gas’ arrive? How long would peak stay at a plateau? How fast could supply then decline? Is peak oil more likely than peak natural gas? World Should Assume We […]


IMF’s Rato says high oil prices here to stay

IMF’s Rato says high oil prices here to stay thumbnail

High oil prices are here to stay and world interest rates are likely to continue to rise, the International Monetary Fund’s Managing Director Rodrigo Rato said in remarks published on Sunday. “Oil prices are going to remain at high levels given the forecasts of rising demand and the supply limitations,” Rato said in an interview […]


Promote dialogue on energy co-operation

Promote dialogue on energy co-operation thumbnail

The Chinese Government is implementing a series of policies and measures in a bid to solve the energy security issue, an issue which has a strategic significance. Saving energy and slashing energy consumption is regarded as a fundamental national policy. The 11th Five Year Plan (2006-10) set out the goal of cutting the consumption of […]


Call for task force to save oil billions

Call for task force to save oil billions thumbnail

Leading oil companies are pressing Malcolm Wicks, the energy minister, to set up a task force to look at the future of oil refining in the UK to avert further closures and prevent investment being diverted abroad. BP, Shell and other leading oil companies have told Mr Wicks that around Telegraph


Helicopter crisis hits oil firms

Helicopter crisis hits oil firms thumbnail

A severe shortage of helicopters and pilots threatens the North Sea oil and gas industry, a leading firm has said. The high price of oil means offshore activity is unprecedented, stretching supplies and crews to the limit. Bristow, one of the world’s leading helicopter operating companies, said it was “scouring the world” for helicopters, crews […]


Asian utilities may use palm oil to ease RM254 pain

Asian utilities may use palm oil to ease RM254 pain thumbnail

Asian utilities could turn to biofuels for power generation on a large scale if efforts to use palm oil to yield cleaner fuel could be used efficiently to ease the pain of US$70 (RM254.76) oil prices. Palm oil prices have averaged US$350-US$400 a tonne in the past month, cheaper than products normally used to cut […]


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Big thanks to @kaleider for this beautiful copy of #AncientSunlight. So happy to see my old students' names in print #peakoil #BookOfFood

test Twitter Media - Big thanks to @kaleider for this beautiful copy of #AncientSunlight. So happy to see my old students' names in print #peakoil #BookOfFood https://t.co/ucfsMLqNcn

World petrol demand 'likely to peak by 2030 as electric car sales rise' theguardian.com/business/2017/… #peakoildemand #peakoil