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News from July 2006

Bidding opens for oil and gas in Great South Basin

Bidding opens for oil and gas in Great South Basin thumbnail

Opening of bidding round launches race for oil and gas in Great South Basin Associate Energy Minister Harry Duynhoven today announced the much anticipated opening of bidding for new petroleum exploration permits in the Great South Basin off the south-eastern coast of Otago and Southland. Mr Duynhoven confirmed that forty blocks are being offered for […]


Hybrid Buying Guide

Hybrid Buying Guide thumbnail

Reaching the limit of a juicy tax break has never looked so good. Toyota (TM) announced in July that it has reached the 60,000-vehicle production limit of gas-electric hybrids set by the federal government for a consumer tax credit that could, in some cases, significantly ease the cost premium of hybrid cars over similar conventionally […]


China accelerates construction of renewable energy projects

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China is accelerating its construction of renewable energy projects across the country, with hydropower and wind-power capacity to reach 180 million kilowatts and 5 million kilowatts by 2010. Xu Dingming, deputy office director of the State Council Energy Leading Group, was quoted by the Shanghai Securities News as saying at the East Asia Investment Forum. […]


$260AU a week to keep car running

$260AU a week to keep car running thumbnail

CLIMBING petrol prices are placing increasing pressure on Sydney families, pushing up the cost of running a household car to almost $260 a week. An NRMA survey has found the price of keeping popular family cars such as the Holden Commodore and Ford Falcon on the road has increased by almost 10 per cent in […]


Caracas Threatens Oil Cut in Case of US Aggression

Caracas Threatens Oil Cut in Case of US Aggression thumbnail

(Reuters) – Venezuela will cut its oil exports to the United States if Washington takes a hostile stance toward Caracas, Oil Minister Rafael Ramirez was quoted as saying by Iran’s official IRNA news agency on Sunday. The Web site of the U.S. Energy Information Administration says 11.8 percent of U.S. oil imports came from Venezuela […]


A Thirsty World is Running Dry

A Thirsty World is Running Dry thumbnail

Sydney Morning Herald – All this at a time when the world is paying record oil prices, fuel production is experiencing bottlenecks caused by a shortage of oil refineries, which suggests Big Oil must have good reasons not to expand supply. And the high cost of oil – required in the production and supply of […]


Iran Min: To Spend $4 Billion In 2 Venezuela Oil Fields

Iran Min: To Spend $4 Billion In 2 Venezuela Oil Fields thumbnail

(Dow Jones)- Iran’s state-owned Petropars oil and gas company is investing around $4 billion in the explorations and developments of two oil fields in Venezuela, Iran’s Oil Minister Kazem Vaziri Hamaneh said Sunday. “The level of investment in the two Venezuelan oil fields is estimated at $4 billion, which will amount to Petropars’ largest investment […]


Heatwave with a Global Grip

Heatwave with a Global Grip thumbnail

Times Online – IT looks like being the hottest July on record but Britain is not alone in experiencing extreme conditions, write Jonathan Leake and Alex Delmar- Morgan. Hot, arid weather is afflicting millions in America and in dozens of countries across Europe and parts of east Asia. The phenomenon has surprised meteorologists who are […]


Tough times ahead for South Korea

Tough times ahead for South Korea thumbnail

Korea has long been a puzzle. With its high standard of living, work ethic and history of overcoming adversity, the nation of 48 million should be growing much faster … or at least getting more bang out of the growth it has. Instead, surging crude-oil prices and rising global interest rates are leaving Korea vulnerable. […]


Q&A: John Hofmeister, president, Shell Oil Co.

Q&A: John Hofmeister, president, Shell Oil Co. thumbnail

Q: What is the greatest threat to U.S energy security today? A: There is no single threat to energy security. As global demand for energy keeps growing, supply disruptions, access to untapped oil and gas supply and energy efficiency will all be challenges that confront us. But, I firmly believe that we can secure energy […]


High energy prices compelling Americans to care about climate

High energy prices compelling Americans to care about climate thumbnail

Global warming is having its moment in the sun. The climate crisis is on “60 Minutes” and in Tom Brokaw’s new documentary, on the cover of Time and Newsweek, and in Al Gore’s new movie and bestselling book. But while polls show that most Americans now believe that global warming is real and significantly humanmade, […]


Oil execs use slick language

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Well, it’s no exaggeration to say that if you run a major oil company, you’ve just had a pretty darn good week. The Big Five of Big Oil — Exxon Mobil, Chevron, ConocoPhillips, Shell and BP — reported yet another round of sky-high quarterly profits last week, thanks largely to soaring oil prices. With many […]


Where will big oil’s big profits go?

Where will big oil’s big profits go? thumbnail

Exxon Mobil says some windfall will go to more drilling. After a particularly heady gush of oil- company profits, everyone from industry executives to international energy policymakers seems to be asking the same question: What should be done with all that cash? The scale of the windfall is stunning: Exxon Mobil reported Thursday $10.36 billion […]


Plans begin for looming peak oil crisis

Plans begin for looming peak oil crisis thumbnail

SALISBURY — Gas prices around $3 a gallon are making drivers grouchy. If prices rose to $4 a gallon, drivers would probably howl, maybe tossing out an incumbent politician or two in their anger. Now imagine the implications of $10 or $20 gallons of gas … in the next 10 years. That scenario — seemingly […]


UK: Ministers to blame for gas crisis

UK: Ministers to blame for gas crisis thumbnail

A damning report by one of the world’s leading energy consultants blames the Government for creating the present gas crisis that has led to record prices for consumers.A final draft of the report, A Close-Run Thing? by Cambridge Energy Research Associates, which has been seen by Financial Mail, says Government decisions on a new gas […]


Indonesia turning to biofuel as alternative energy

Indonesia turning to biofuel as alternative energy thumbnail

In the face of its depleting oil reserves and fluctuating world oil prices, Indonesia has launched an intensive biofuel production program aimed at cutting its fossil oil consumption by 10 percent in 2010. Besides reducing dependence on fossil fuels, the cultivation of biofuel crops such as oil palm, cassava, sugar cane and jatropha curcas crops […]


Acid waters, dissolving shellfish

Acid waters, dissolving shellfish thumbnail

Until now, concern about rising levels of carbon dioxide in the atmosphere has been focused on global warming. But scientists have discovered a second reason to worry: About half of the greenhouse gases added to the atmosphere from burning fossil fuels — an amount weighing about the same as 140 billion Volkswagen Beetles — has […]


Oil boom puts stress on water supply

Oil boom puts stress on water supply thumbnail

FORT MCMURRAY – Neil Rutley pilots the boat towards the banks of the Athabasca River, certain there will be fish lurking there. Not even the silty, murky water can drag out the suspense. Everyone on the boat knows they’re there. These fish, after all, are at the centre of a raging debate about the minimum […]


Opec unable to influence crude markets any further

Opec unable to influence crude markets any further thumbnail

Opec and its stalwarts, including Saudi Oil Minister Ali al Naimi, have been stressing for considerable period of time now that there is plenty of oil in the market, and in the pipeline, and all talks of shortage and scarcity is wrong — and rubbish. And that more oil would not help deflate oil prices. […]


Safe Climate Act can make a difference

Safe Climate Act can make a difference thumbnail

Fortunately, we have solutions: clean energy sources, such as wind and solar power, cars that go farther on a gallon of gasoline, more energy-efficient buildings and appliances, and more. These solutions will reduce global warming pollution from power plants, cars and SUVs. At the same time, the policies will decrease U.S. dependence on oil, reduce […]


Bryant Urstadt

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Bryant Urstadt, author of “Imagine There’s No Oil–Scenes from a Liberal Apocalypse,” the August, 2006, cover story in Harper’s Magazine, which brings the peak oil story to a wider audience, was interviewed this morning f rom Cape Cod by the Peak Oil/Global Warming Channel, a syndicatable distribuable viral video player from the Online Broadcasting Service. […]


It’s not all about oil

It’s not all about oil thumbnail

U.S. oil companies blame the global oil market for high gasoline prices, but a close analysis of pricing suggests it’s not so simple: The run-up at the pump also comes from domestic refining, which is largely controlled by Big Oil. The Associated Press examined pricing trends since 1999, which was the starting bell for the […]


The world’s new peacekeepers: China and OPEC?

The world’s new peacekeepers: China and OPEC? thumbnail

I just got the news that China is offering humanitarian aid to Lebanon. Apparently, the Chinese government is really pissed off at Israel because of their prime minister’s highly imprudent decision to bomb a UN outpost in southern Lebanon — even after the occupants of said outpost had frantically called for help at least ten […]


“Manhattan Project” Level Proposed for Alternative Energy

“Manhattan Project” Level Proposed for Alternative Energy thumbnail

A new bill has been introduced into the House (this is partisan, D-lead), called the “Progress Act”, that seeks to establish a Manhattan Project level of research and implementation into developing alternative fuels and methods to address the looming transporation crisis. The sponsors say we just can’t wait, it needs to be done now before […]


Coal-to-liquid plants future of U.S. energy

Coal-to-liquid plants future of U.S. energy thumbnail

America stands at a crossroads and for local leaders the roads cross in Adams County. While officials from Natchez and Adams County were visiting the future coal-to-liquid plant in East Dubuque, Ill., officials from the Southern States Energy Board issued a study looking at the current energy situation in the America. And by every measure, […]


Oil execs speak out

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High prices, war in the Middle East and global warming concerns have transformed energy from a dull industry taken for granted by many Americans into a top-of-the-mind pocketbook issue for consumers. The Chronicle posed 10 questions to several top executives of the world’s major oil companies on topics ranging from gasoline prices to U.S. energy […]


Energy from space to be explored

Energy from space to be explored thumbnail

The ambitious “Chandrayaan” project of the Indian Space Research Organisation (ISRO) was not just intended to land an Indian on the moon but to explore the vast mineral resources and abundant energy potential the earth’s natural satellite had to offer, according to ISRO Satellite Centre Director K.N. Shankara. Delivering the Dr. H. Narasimhaiah memorial lecture […]


California ARB Awards Grants for Three Hydrogen Stations

California ARB Awards Grants for Three Hydrogen Stations thumbnail

The California Air Resources Board is awarding grants to three proposals for new Hydrogen Highway fueling stations in California. The demonstration stations, the first to be co-funded by California, will help build hydrogen infrastructure. Criteria for the stations include a 30% reduction in greenhouse gases and 20% use of renewable energy to produce and distribute […]


China Reins in Fast Growth of Coal-to-Liquid Fuel Projects

China Reins in Fast Growth of Coal-to-Liquid Fuel Projects thumbnail

China has raised the capital threshold for projects converting coal to liquid fuel to brake a possible overheating in the coal-chemical industry, as excessive development of the fossil fuel pollutes the environment and strains the water supply. On July 7, the National Development and Reform Commission (NDRC), China’s industrial watchdog, issued a circular requiring local […]


Brakes slam on US economic growth

Brakes slam on US economic growth thumbnail

The US economy, the world’s largest, has slowed in the second quarter of the year, on the back of rising interest rates and soaring energy costs. Gross domestic product (GDP) grew at an annual rate of 2.5% in the three months to the end of June, compared to a 5.6% annual rate in the previous […]


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