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News from August 2006

Aussie brothels offer discounts on gas bills

Aussie brothels offer discounts on gas bills thumbnail

Bothered by rising pump prices? ‘Lovely ladies’ reimburse Sydney clients SYDNEY – Hot and bothered by rising pump prices? Australian brothels are offering clients discounts based on their gas bills. Brothel owners claim the system works much the same way as supermarkets which offer shoppers discounted gas prices by presenting their grocery bills when they […]


Oil, Oil everywhere! How consumers are being duped

Oil, Oil everywhere! How consumers are being duped thumbnail

When I tell people there is more oil in Canada than in Saudi Arabia they look at me as if I just fell off a bar stool. Unfortunately however, I am quite sober and the above statement is quite true and ironically – sobering.EarthTimes


Current oil price satisfactory – OPEC president

Current oil price satisfactory – OPEC president thumbnail

ABUJA (Reuters) – The current price of crude oil at $70 a barrel is satisfactory to OPEC and is not damaging world economic growth, the president of the exporters’ group said on Wednesday. Edmund Daukoru of Nigeria said world prices had subsided from record levels around $80 due to the ceasefire between Israel and Lebanon, […]


Peak Oil and the Fall of the Soviet Union

Peak Oil and the Fall of the Soviet Union thumbnail

After over 70 years in power, the mighty Soviet Empire unexpectedly vanished overnight and almost the entire communist tradition there dissolved. Was the cause of this cataclysmic collapse really the result of communist inefficiency and U.S. president Ronald Reagan This subject is addressed in my book, Scarcity and Growth Considering Oil and Energy: An Alternative […]


Californians weigh a new tax on oil companies

Californians weigh a new tax on oil companies thumbnail

STUDIO CITY, CALIF. The fight over Proposition 87 is no small matter. Not only will the vote give Congress and other states a first reading of public disgruntlement over gasoline prices, but it might even affect the domestic oil market. California crude, after all, accounts for 12 percent of US production – supplying 37 percent […]


China says Japan ‘generating new conflicts’ over gas field dispute

China says Japan ‘generating new conflicts’ over gas field dispute thumbnail

BEIJING (AFP) – China has accused Japan of “generating new conflicts” in a drawn-out battle over oil and gas exploration near disputed waters in the East China Sea. “China’s oil and gas exploration on its own continental shelf in the East China Sea is a normal exploration activity. It is beyond reproach,” foreign ministry spokesman […]


Petronas disputes Chad expulsion order

Petronas disputes Chad expulsion order thumbnail

KUALA LUMPUR, Malaysia – Malaysian state oil company Petronas on Wednesday disputed the Chad government’s claim it failed to pay millions of dollars in back taxes, but said it was attempting to resolve the issue with the African nation. Petronas and Chevron Corp. were ordered out of the country by Chadian President Idriss Deby last […]


Gasoline prices could keep falling

Gasoline prices could keep falling thumbnail

Gasoline prices are falling fast and could keep dropping for months. “The only place they have to go is down,” says Fred Rozell, gasoline analyst at the Oil Price Information Service (OPIS). “We’ll be closer to $2 than $3 come Thanksgiving.” Travel organization AAA foresees prices 10 cents a gallon lower by the end of […]


Tuba-tuba biofuel may reduce RP dependence on oil

Tuba-tuba biofuel may reduce RP dependence on oil thumbnail

The Philippines could potentially cut its oil bill significantly by tapping vast tracts of unproductive public and private lands all over the country for largescale bio-fuel crop cultivation. Rodolfo Noel I. Lozada Jr., president and chief executive officer of the newlyorganized Philippine Forest Corporation (PhilForest), a government corporation, said over the weekend that his company […]


BP: Big problems for oil giant

BP: Big problems for oil giant thumbnail

BP’s reputation as one of Britain’s biggest corporate success stories took a fresh battering yesterday after the oil giant confirmed that it is being investigated in the US for possible manipulation of the crude oil and petrol markets.The seemingly endless series of setbacks for BP has called into question its self-styled image as one of […]


Bolivia’s Morales replaces head of state oil firm

Bolivia’s Morales replaces head of state oil firm thumbnail

President Evo Morales replaced the head of Bolivia’s state oil company YPFB on Monday and gave foreign energy companies a September 1 deadline to pay new taxes outlined in the country’s nationalisation. As part of the nationalisation, Bolivia hiked taxes from 18 percent to up to as much as 82 percent on some companies and […]


Iraq’s parties reach deal on oil-sharing

Iraq’s parties reach deal on oil-sharing thumbnail

Iraq’s main political factions have hammered out an agreement on the sharing of oil and gas revenues but other contentious issues need to be resolved before a draft hydrocarbon law is completed, a senior Iraqi official said on Tuesday. Oil and gas revenues would be shared out at the federal level and redistributed to the […]


Climate change a threat to development-World bank

Climate change a threat to development-World bank thumbnail

Climate change may be one of the biggest threats to attempts to cutting poverty in the world’s most deprived nations and has forced the World Bank to reassess its development projects, the bank said on Tuesday. Studies have shown that climate change and global warming linked to greenhouse gas emissions will reduce economic growth, development […]


EU, Norway eye ‘huge’ Arctic oil and gas deposits

EU, Norway eye ‘huge’ Arctic oil and gas deposits thumbnail

The EU and Norway are meeting in Brussels to discuss energy issues, including the exploitation of possibly huge oil and gas deposits in the Arctic. But a border dispute with Russia is so far holding up exploration in the area. Norway covers between 10 and 18% of EU oil demand and about 15% of its […]


Energy protesters blockade nuclear power station

Energy protesters blockade nuclear power station thumbnail

Activists yesterday blockaded the front and rear entrances of a nuclear power station in Hartlepool, Teesside, to protest at the government’s recently proclaimed support for a new boost for nuclear energy. About 20 arrived at 8am as a shift was starting work, draped a banner reading “No More” on a fence, locked themselves to welded-together […]


Cnooc profit leaps higher on demand and oil prices

Cnooc profit leaps higher on demand and oil prices thumbnail

Cnooc, the biggest offshore oil producer in China, said Tuesday that first-half profit rose 38 percent to a record because of soaring energy prices and demand in China, the world’s fastest-growing major economy. Rising earnings have given the company’s chairman and chief executive, Fu Chengyu, cash to seek oil and gas reserves in Asia and […]


Marc Roper at SCHOTT Solar talks about photovoltaic solar electricity

Marc Roper at SCHOTT Solar talks about photovoltaic solar electricity thumbnail

Etopia News’s Solar World and the Sustainable Cities Channel spoke this morning by phone with Mr. Roper about SCHOTT Solar; photovoltaics; Germany’s “feed-in” tariff (which guarantees alternative energy producers a ready market for their power); California’s SB1 and the California Solar Initiative; the physics of converting insolation (incoming solar radiation, or sunshine) into electric current; […]


Kurt Vonnegut Says This Is the End of the World

Kurt Vonnegut Says This Is the End of the World thumbnail

Rolling Stone – He survived being captured by the Nazis and the suicide of his mother to write some of the funniest, darkest novels of our time, but it took George W. Bush to break him “I’m Jeremiah, and I’m not talking about God being mad at us,” novelist Kurt Vonnegut says with a straight […]


With Kazakh’s Visit, Bush Priorities Clash

With Kazakh’s Visit, Bush Priorities Clash thumbnail

Autocrat Leads an Oil-Rich Country President Bush launched an initiative this month to combat international kleptocracy, the sort of high-level corruption by foreign officials that he called “a grave and corrosive abuse of power” that “threatens our national interest and violates our values.” The plan, he said, would be “a critical component of our freedom […]


Chad leader wants majority stake in oil output

Chad leader wants majority stake in oil output thumbnail

N’DJAMENA (Reuters) – Chad must have a 60 percent stake in its oil output after receiving only “crumbs” from a foreign consortium running the industry, President Idriss Deby said on Tuesday. Such a stake would match the share held in the consortium by two companies, U.S. major Chevron Corp. and Malaysia’s Petronas, which Deby ordered […]


The Oil Drum: From the old to the newer, or a thought for Khurais

The Oil Drum: From the old to the newer, or a thought for Khurais thumbnail

In recent posts I have talked about the major oilfield in Saudi Arabia that is closest to exhaustion. Perhaps it is now time to move to their oilfield of the future. Khurais. As we look to where the oil is going to come from tomorrow, there have been only very few places where production levels […]


Chavez in Malaysia: palm oil, biofuels, geopolitics and ideology

Chavez in Malaysia: palm oil, biofuels, geopolitics and ideology thumbnail

Even though OPEC-member Venezuela is an oil rich country, it is seeking investments from Malaysia’s palm oil sector as part of efforts to diversify its economy from being too dependent on fossil fuel. Venezuelan President Hugo Chavez is on a four-day visit to the country to boost economic ties. Top of the agenda was his […]


Sen. Lugar Says Imported Oil Makes U.S. Vulnerable; Outlines Energy Program for

Sen. Lugar Says Imported Oil Makes U.S. Vulnerable; Outlines Energy Program for thumbnail

“To this end, the United States should adopt a national program that would make virtually every new car sold in America a flexible fuel vehicle. We should ensure that at least one quarter of filling stations in America have E85 pumps. We should expand ethanol production to 100 billion gallons a year by 2025, a […]


IRAN’S NUCLEAR MENACE

IRAN’S NUCLEAR MENACE thumbnail

If the international community fails to end Iran americanchronicle


ASPO 5. Dennis Meadows – Peak Oil and Limits to Growth

ASPO 5. Dennis Meadows – Peak Oil and Limits to Growth thumbnail

energybulletin


When oil dries up

When oil dries up thumbnail

How bad will it be? If Heinberg is to be believed, the impending dislocation caused by the end of the oil era will be about as bad as it gets. From global resource wars as oil-dependent economies battle for control of remaining resources to widespread famine caused by the slowdown in oil-dependent agribusiness, the picture […]


Betting billions on liquefied natural gas

Betting billions on liquefied natural gas thumbnail

An estimated $30 billion a year is pouring into developing liquefied natural gas. Despite concerns over the safety and the cost of importing it, analysts say the fuel will make up a larger and larger share of America’s energy mix and may help prevent seasonal natural gas price spikes. Talbot says the growth rate for […]


Hydrogen power system unveiled in Maine

Hydrogen power system unveiled in Maine thumbnail

A $250,000 demonstration project that produces hydrogen energy to provide backup lighting and warmth at the Chewonki Foundation’s environmental education center was hailed at its unveiling Monday as the first of its kind in the nation. Maine Oxy in Auburn will be using a much larger version of the Chewonki electrolyzer to produce both hydrogen […]


Iran Warns Japan of Move to Turn to China, Russia for Oil Project

Iran Warns Japan of Move to Turn to China, Russia for Oil Project thumbnail

Some analysts in Iran speculate Japan is delaying the project deliberately in the face of pressure from the United States, which opposes Iran’s nuclear development program. In February 2004, three companies — Inpex, National Iranian Oil and its subsidiary — signed a contract on the project. The oil field in Azadegan, southwestern Iran, is one […]


DuPont and Bunge Broaden Soy Collaboration to Include Biofuels

DuPont and Bunge Broaden Soy Collaboration to Include Biofuels thumbnail

DuPont has a significant effort to deliver new technologies to the growing biofuels market, which includes improving biofuel production through improved seed and crop protection products; developing new technologies to allow conversion of cellulose to biofuels; and developing next generation biofuels, including biobutanol. In addition to developing corn hybrids for ethanol, DuPont subsidiary Pioneer Hi-Bred […]


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