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News from June 2006

Saudi cut shows record oil defies market logic

Saudi cut shows record oil defies market logic thumbnail

Saudi Arabia has offered the most compelling proof yet that record high prices are divorced from the realities of supply and demand. The world’s biggest crude exporter dared to make a huge cut in its production through the second quarter but growing demand for oil was still satisfied.From July 2004 to March 2006 the kingdom […]


IEA: Oil prices weakening demand

IEA: Oil prices weakening demand thumbnail

Global oil demand growth in the next few years may be weaker than previously expected because of high prices, which hit a record in April, an International Energy Agency analyst said Wednesday. The IEA, adviser to 26 industrialized countries, plans to release a new forecast for mid-term oil demand growth in July. In December, the […]


Biofuel can buy time until something else comes along

Biofuel can buy time until something else comes along thumbnail

With global oil reserves estimated at between 2 trillion and 3 trillion barrels, and global daily consumption of oil for fuel at about 85 million barrels, the last gallon of petro-fuel will burp out of an exhaust pipe sometime between 2070 and 2102. According to Andrew Couch, coordinator of the West Tennessee Clean Cities Coalition, […]


US to help Pak develop coal, hydel energy

US to help Pak develop coal, hydel energy thumbnail

The United States may provide substantive assistance to Pakistan to make optimum use of its coal reserves and develop hydel energy, a senior Pakistani official has said. “We discussed the possibility of commercialisation of thar. We are interested in coal-mining and power-generation and also in the development of coal-bed methane potentials. The talks focused on […]


Bangladesh charges India with poaching on oil, gas

Bangladesh charges India with poaching on oil, gas thumbnail

Bangladesh has once again charged India with inviting oil and gas exploration tenders in un-demarcated areas of the Bay of Bengal, media reports said. Prime Minister Khaleda Zia told the Jatiya Sangsad (parliament) that Dhaka had lodged a strong protest with New Delhi on this and that she had personally spoken to Prime Minister Manmohan […]


Sweden ‘will reduce oil dependency’

Sweden ‘will reduce oil dependency’ thumbnail

Sweden will not be an oil-free zone by 2020, the government has admitted. But Sweden’s prime minister, GBut the report by Persson’s Oil Commission proposed four measures which it said could be achieved by 2020. “We won’t have done away with oil altogether by 2020, but we will not be dependent on oil in any […]


Is ethanol the answer to the world’s oil problems, or a green pipe dream?

Is ethanol the answer to the world’s oil problems, or a green pipe dream? thumbnail

What is ethanol? Is there an advantage? So is ethanol the answer to reducing our CO2 emissions? Should the world follow Brazil? What about Britain? Are there any drawbacks? Is ethanol a green alternative to fossil fuels? Are biofuels a way to save the planet? The Independent


Japan to fight global warming, oil prices: replacing gas cars with ethanol ones

Japan to fight global warming, oil prices: replacing gas cars with ethanol ones thumbnail

Japan plans to fight global warming and surging oil prices by requiring all vehicles to run on an environment-friendly mix of ethanol or other biofuels by 2030, an official said Thursday. The new policy, adopted by the Environment Ministry this month, will require all new cars to be able to run on a blend of […]


Gulf states invest oil bonanza at home

Gulf states invest oil bonanza at home thumbnail

Gulf governments have more than tripled their investment in domestic infrastructure projects, buoyed by $70 a barrel oil prices and driven by a desire to diversify their economies away from hydrocarbons. The staggering scale of the investments points to growing confidence among Arab oil producers that crude prices will remain strong for years. While vast […]


India on power trip as nuke deal advances

India on power trip as nuke deal advances thumbnail

A deal under which the US would share civilian nuclear technology with India has taken a crucial step closer to final approval, but New Delhi is still leaving no stone unturned to ensure nuclear power for its growing economy. The two countries now turn their attention to next month’s G8 meeting as a way of […]


The Peak Oil Crisis: Our Government Forecasts the Future

The Peak Oil Crisis: Our Government Forecasts the Future thumbnail

Falls Church News-Press – Last week the US Government released the International Energy Outlook 2006 (IEO). As it has been doing annually since 1985, the Energy Information Administration uses this document to expound its view of world energy supply and demand for the next 25 years. Unfortunately, however, from a peak-oil-is-imminent perspective, one is forced […]


Prospects of the dollar as oil currency

Prospects of the dollar as oil currency thumbnail

Moscow, (Igor Tomberg for RIA Novosti) – Oil prices and payments are vital for our country, a leader in the oil trade on a par with the Saudis. The main headache is Russia’s inability to influence world prices of its oil. The bulk of proceeds from trade in oil go to those who sell it […]


The Oil Drum: Shhh is for oil shale

The Oil Drum: Shhh is for oil shale thumbnail

There seems to be a general consensus among many of those that write about world energy, that the 2 trillion barrels of oil potentially available out of the 4 trillion barrels locked in the United States oil shales are not a realistic source of supply. However, after an eleven year hiatus, Colorado School of Mines […]


Additional Methods For Conserving Electricity

Additional Methods For Conserving Electricity thumbnail

06/28 (LWN) Conserving electricity, which saves money as well as helping to protect the environment and prevent the depletion of world oil supplies, can be accomplished in many ways not commonly thought of. It is also important to avoid the mistake of restricting use of electronics which use very little electricity, while at the same […]


How to squeeze more oil out of natural reserves

How to squeeze more oil out of natural reserves thumbnail

Creating artificial seismic waves, similar to those that occur during an earthquake, could help squeeze more oil from natural reservoirs, scientists said on Wednesday. They discovered that in addition to sending tremors that knock down buildings, earthquakes greatly increase the permeability of rocks to transmit fluids including oil. reuters


Saudi says crude is flowing freely

Saudi says crude is flowing freely thumbnail

Saudi Arabian crude is stranded in tankers on the high seas, circling the globe in a desperate search for buyers, according to the kingdom’s ambassador to the U.S., Prince Turki al-Faisal. The ambassador told an audience at the U.S.-Arab Economic Forum held at the George R. Brown Convention Center on Tuesday that 350,000 barrels of […]


A Possible Snag in Burying CO2

A Possible Snag in Burying CO2 thumbnail

Scientists testing the deep geologic disposal of the greenhouse gas carbon dioxide are finding that it’s staying where they put it, but it’s chewing up minerals. The reactions have produced a nasty mix of metals and organic substances in a layer of sandstone 1550 meters down, researchers report this week in Geology. At the same […]


The Threat to The Planet: Our Precarious State

The Threat to The Planet: Our Precarious State thumbnail

Some time ago I managed to find myself on the general mailing list of Dr James Hansen and nobody calls him–Jim is top scientist at NASA’s Goddard Space Institute. I`m quite happy to be on this list as I receive regular updates on Jim’s work, amazing how he manages to write so many articles and […]


Video of the Week: Biomass CHP

Video of the Week: Biomass CHP thumbnail

The future landscape of European energy supply and demand will have to make much greater use of new renewable energy sources and focus more upon energy-efficient methods. Today, we can be proud of the fact that Europe is already a leading advocate in the fight to halt the depletion of natural resources and prevent climate […]


Official: U.S. wants to buy Venezuela oil

Official: U.S. wants to buy Venezuela oil thumbnail

The United States wants to continue buying oil from Venezuela, the American ambassador said Wednesday amid ongoing tensions between the two governments. “Let’s hope we can maintain this relationship because it is in the interest of my country as well as of Venezuela,” U.S. Ambassador William Brownfield told reporters during a visit to the western […]


Mideast investors switching money from US

Mideast investors switching money from US thumbnail

Political tensions have encouraged Arab investors to shift from depositing oil profits in US investments to Europe, India and China, the head of Citigroup’s emerging market bank said. “Quite honestly today the investment going into the US is extremely limited,” said Shirish Apte, chief executive officer of Citigroup’s Central and Eastern Europe, Middle East and […]


Pentagon sued for blocking new wind power plants

Pentagon sued for blocking new wind power plants thumbnail

The Sierra Club filed a federal lawsuit in San Francisco charging the US Department of Defense (DOD) with blocking the construction of wind power plants. The environmental group accused the Pentagon of essentially creating a nationwide moratorium on new wind farms by barring their construction within the line of sight of military radar. Defense Secretary […]


NanoLogix to Build Hydrogen Bioreactor at Wastewater Plant

NanoLogix to Build Hydrogen Bioreactor at Wastewater Plant thumbnail

NanoLogix, a nanobiotechnology company engaged in the development and commercialization of technologies for the creation of hydrogen bioreactors, has signed an agreement for the construction and operation of a prototype hydrogen bioreactor at the City of Erie wastewater treatment plant. greencarcongress


New England

New England thumbnail

Please join Congressman Bernie Sanders, EVermont, and other local businesses for the dedication of New England fuelcellsworks


Shell Plans to Increase Arctic Exploration – Executive

Shell Plans to Increase Arctic Exploration – Executive thumbnail

Schlumberger – Royal Dutch Shell PLC (RDSA) plans to increase its exploration and development drive in the Arctic regions, particularly in the Alaskan Beaufort Sea in the next year, a company official told Dow Jones Newswires. Seeking to renew its reserves, Shell is increasing its entry into frontier areas such as the Arctic seas, which […]


Bush Admin to Offer $170 Mln for Solar Energy

Bush Admin to Offer $170 Mln for Solar Energy thumbnail

(Reuters) – The Bush administration said on Wednesday it would offer $170 million to public and private partnerships to make solar energy more competitive with conventional electricity sources by 2015. The funding would be for three years, beginning in fiscal-year 2007. It would require industry-led teams to match each dollar the government gives them toward […]


Flexible-Fuel Vehicle Production to Rise

Flexible-Fuel Vehicle Production to Rise thumbnail

AP – U.S. automakers said Wednesday they will double production of flexible-fuel vehicles by 2010, adding vehicles capable of running on ethanol blends and other biofuels and reducing dependence upon foreign oil. Writing lawmakers about their plans, the leaders of General Motors Corp., Ford Motor Co. and DaimlerChrysler AG’s Chrysler Group urged oil companies and […]


Energy Sec Bodman Announces SPR Loan at Platts Energy Podium

Energy Sec Bodman Announces SPR Loan at Platts Energy Podium thumbnail

PR Newswire – The U.S. Department of Energy will loan 750,000 barrels of crude oil from the Strategic Petroleum Reserve to two refiners who have been unable to receive waterborne shipments due to the closure of the Calcasieu Ship Channel in Louisiana, Energy Secretary Samuel Bodman told the inaugural Platts Energy Podium event on Wednesday. […]


Venezuelan Oil Production a ‘Concern’ for U.S.

Venezuelan Oil Production a ‘Concern’ for U.S. thumbnail

Reuters – The U.S. government is concerned about falling crude oil supplies from OPEC member Venezuela, a senior U.S. government official said Wednesday. Declining oil output from Venezuela since 2001 MSNBC.com


The Oil Drum: E3 Biofuels: Responsible Ethanol?

The Oil Drum: E3 Biofuels: Responsible Ethanol? thumbnail

I hope it is clear that my opposition to ethanol has nothing to do with the fuel itself. If we could make sufficient ethanol with little or no fossil fuel inputs, ethanol could be a very important piece of a post-petroleum future. If ethanol could be produced with an EROEI of 3 or 4, as […]


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