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News from November 2006

SK: Expert wants more research in sustainable development

SK: Expert wants more research in sustainable development thumbnail

The Korean government should increase incentives to businesses for environmental protection and invest more in technological research for sustainable development, an expert said yesterday. Chung Hyun-sik, professor of economics at Sungkyunkwan University, told a forum that Korea has made progress in harmonizing economic development and environmental protection, but still has much room to improve.The four-day […]


The Revolution Will Be Solarized

The Revolution Will Be Solarized thumbnail

But Travis Bradford is no hippie idealist. The author of Solar Revolution: The Economic Transformation of the Global Energy Industry spent the early years of his career in corporate acquisitions and private equity funds — not fields that reward irrational exuberance. His book is based on research and analyses done at his Massachusetts think tank, […]


Greenhouse Gas Is Ramping Up Fast

Greenhouse Gas Is Ramping Up Fast thumbnail

The latest real-world measurements of carbon dioxide levels in Earth’s atmosphere show that it’s increasing at breakneck speed, despite some preliminary efforts in some parts of the world to rein in fossil fuel burning discovery


Britain could face winter gas shortages

Britain could face winter gas shortages thumbnail

Britain could face a repeat of last winter’s gas shortages and soaring energy prices if a prolonged period of colder-than-average weather sets in this winter, independent analysts Global Insight said on Thursday. reuters


Coal to oil independence becoming a fading dream

Coal to oil independence becoming a fading dream thumbnail

With the Democrats taking center stage in policy making, and crude oil prices stuck in the low 60s range, the possibility of a major synthetic fuel alternative development is fading fast. thedesertsun


Costly fuel puts brakes on U.S. drivers

Costly fuel puts brakes on U.S. drivers thumbnail

High gasoline prices not only slowed fuel demand growth and cut sales of gas-guzzling vehicles in 2005, they also prompted Americans to drive less for the first time in 25 years, a consulting group said in a report Thursday. msnbc


Gazprom tries to reassure customers ‘there’s enough for everyone’

Gazprom tries to reassure customers ‘there’s enough for everyone’ thumbnail

Gazprom said today that it would have to import increasing volumes of Central Asian gas to meet its commitments to European customers, but denied that it would struggle to meet growing foreign and domestic demand because of shortfalls in supply. guardian


Saudis may use oil market to crush Iran’s funding of militias

Saudis may use oil market to crush Iran’s funding of militias thumbnail

Using money, weapons or its oil power, Saudi Arabia will intervene to prevent Iranian-backed Shiite militias from massacring Iraqi Sunni Muslims once the United States begins pulling out of Iraq, a senior security adviser to the Saudi government said yesterday. Interesting comments at end. scotsman


Thorium poised to meet world’s energy needs

Thorium poised to meet world’s energy needs thumbnail

At a forum held today at the National Press Club, a group of leading nuclear scientists examined the potential of thorium, a substance similar to uranium but environmentally safer and more plentiful, which could help meet the entire world’s growing energy needs. “A tremendous growth in energy supply will be needed to even come close […]


GM Boldly Promises Plug-In Hybrid SUV To Deliver 70 MPG

GM Boldly Promises Plug-In Hybrid SUV To Deliver 70 MPG thumbnail

General Motors on Wednesday pledged to roll out the first hybrid vehicle that can be recharged using a standard electrical outlet as it tries to catch up and pass green rivals such as Toyota. CEO Rick Wagoner said at the Los Angeles Auto Show that the world’s biggest automaker is dedicated to developing alternative-fuel, hybrid, […]


No public disclosure of Kuwait oil reserves-minister

No public disclosure of Kuwait oil reserves-minister thumbnail

CAIRO, Nov 30 (Reuters) – OPEC-producer Kuwait will not make a public announcement about the size of its oil reserves but will provide data to the Gulf Arab state’s parliament, the energy minister said on Thursday. Industry newsletter Petroleum Intelligence Weekly (PIW) said in January it had seen internal Kuwaiti records showing reserves were about […]


Energy expert urges conservation

Energy expert urges conservation thumbnail

The days of dancing in oil around exploding derricks is over, and it He is among many who follow the prediction that the world has likely reached monumental halfway points in oil production


Canadian Energy’s ”Exit Stage Right” Plan

Canadian Energy’s ”Exit Stage Right” Plan thumbnail

With prices approaching $1,500 per barrel, what would ever make investors like Charles Morgan want to sell their stake in the oil industry? Well, Morgan had noticed that the price of recovering the oil was increasing every year, and foresaw even further rises in the cost of his operations. The world knew that oil wouldn’t […]


It’s Electric!

It’s Electric! thumbnail

The Tesla Roadster I’ve always marveled at how long the antique internal-combustion engine has survived. By 2006 standards, my car’s power plant is a noisy, heat-blasting, poison-spewing monster with way too many moving parts. One spin in a Tesla made me realize that the gas engine might finally be on its last legs


US Supreme Court appears divided over global warming

US Supreme Court appears divided over global warming thumbnail

WASHINGTON (AFP) – The nine-member US Supreme Court appeared split as it took up the debate over global warming, with rival lawyers arguing whether some greenhouse gas emissions should be regulated. Despite its symbolic importance, the case is limited to whether the Environmental Protection Agency (EPA) has the authority to regulate vehicle emissions of four […]


Auto industry should speed fuel economy fixes

Auto industry should speed fuel economy fixes thumbnail

LOS ANGELES (Reuters) – While plug-in hybrids and hydrogen fuel cells are likely one day to help cut U.S. gasoline consumption, major fuel savings can be achieved now if automakers put existing technologies to work under one hood. So says Jason Mark, clean vehicles director for the nonpartisan, nonprofit Union of Concerned Scientists, who toured […]


Could an ‘African Kuwait’ Be in the Making?

Could an ‘African Kuwait’ Be in the Making? thumbnail

The discovery of oil in the small West African island nation of Sao Tome and Principe could help turn one of the poorest countries in the world into a sort of “African Kuwait.” Estimates by the International Monetary Fund (IMF), considered “conservative” by economic analysts in Portugal, estimate that the seabed of the Gulf of […]


Global energy demand set to rise

Global energy demand set to rise thumbnail

HOUSTON: World energy demand will rise by 2.2% a year through 2020, outpacing the 1.6% growth of the past 10 years, according to a McKinsey & Co report. That growth in demand, led by developing economies, could be cut to less than 1% if new policies and existing technologies are implemented worldwide to increase the […]


Angola to ask for OPEC membership

Angola to ask for OPEC membership thumbnail

LUANDA, Angola – Angola, Africa’s largest sub-Saharan oil producer after Nigeria, will apply to join OPEC next month, the government said. The government said in a statement late Wednesday the application stemmed from Angola’s “growing role in the world oil sector.” Angola’s crude production, most of it from offshore rigs operated by foreign companies, has […]


You can’t conduct an orchestra with an invisible hand

You can’t conduct an orchestra with an invisible hand thumbnail

The Problem With Carbon Taxes …Historically, large-scale infrastructure changes take place only via hands-on government involvement — involvement that not only subsidizes technology but helps shape its deployment. This can consist of public works, or grants of land and rights of way that help shape where infrastructure is placed. You can find examples in List […]


The Peak Oil Crisis: The View from Capitol Hill – Tom Whipple

The Peak Oil Crisis: The View from Capitol Hill – Tom Whipple thumbnail

While up on Capitol Hill discussing the prospects for the peak oil message in the new Congress, I was brought up short by a question from a hill staffer. “CanFalls Church News


South Africa Poised to Embark On Nuclear Route for Power

South Africa Poised to Embark On Nuclear Route for Power thumbnail

Government was poised to make a decision on a “significant” nuclear energy programme as part of the country’s investment in new electricity generation capacity, Minerals and Energy Minister Buyelwa Sonjica said..Apart from the Koeberg nuclear plant, SA is also developing the pebble bed modular reactor technology for its power generation and Eskom is examining the […]


GM plans plug-in hybrid, boosts biofuel focus

GM plans plug-in hybrid, boosts biofuel focus thumbnail

Looking to tap increased consumer interest in fuel-efficiency, General Motors Corp. Chief Executive Rick Wagoner said the auto maker is developing a plug-in hybrid. Mr. Wagoner, speaking at the Greater Los Angeles Auto Show, said the world’s No. 1 auto maker by production is using the Saturn Vue hybrid sport-utility vehicle to develop a plug-in […]


Biofuel Markets Hinge on Biomass Progress – Report

Biofuel Markets Hinge on Biomass Progress – Report thumbnail

The fast-expanding biofuels market could falter without significant progress in making fuel from biomass like plant stalks and wood chips, according to a report issued Wednesday. “Without a significant innovation in cellulosic ethanol, the biofuels market is likely to falter, or at least lack the pace necessary to satisfy a significant percentage of demand…”, according […]


India worried by gas shortage

India worried by gas shortage thumbnail

India is desperately looking for long-term gas supply contracts with gas-rich nations in Central Asia, Africa and the Middle East to meet the acute fuel shortage that has hit its power plants, which operate at half their capacity. ‘The government should strive for securing long-term gas supply contracts at appropriate prices to make our power […]


Opportunity knocks for biofuels industry

Opportunity knocks for biofuels industry thumbnail

Oil prices have eased in recent weeks on the international markets, but the same cannot be said for agricultural commodities. World stocks of cereals are at their lowest level for more than 20 years, and supply and demand is expected to tighten over the next 12 months. As Western nations look to reduce their dependence […]


Brazil May Not Meet Domestic Ethanol Demand

Brazil May Not Meet Domestic Ethanol Demand thumbnail

Brazil’s ethanol production is likely to go for a downturn as a result of reduced domestic supply of sugar for this crop season. Brazil, the world’s biggest ethanol producer, may struggle to make enough of the fuel in the crop season ending March to meet domestic use because higher prices elsewhere are encouraging exports, C. […]


Russian FM warns West against discussing energy security without Moscow

Russian FM warns West against discussing energy security without Moscow thumbnail

Russia’s foreign minister on Wednesday warned the West against discussing ways to reduce energy dependence on Russia, saying that would not help energy security. “I don’t think that attempts to discuss energy security in any format without Russia could be productive and could promote energy security,” Sergey Lavrov told reporters. “Energy security is a subject […]


Iraq’s oil industry in grip of despair

Iraq’s oil industry in grip of despair thumbnail

The present state of Iraq’s collapsing oil sector, its economic lifeline, is bleak and its future looks far worse, despairing officials say. Another damaging oil attack this week, the prospect of British troops handing over the oil city of Basra and virtual civil war have all but crushed hope for Iraqi officials battling to keep […]


Think tank says Alberta should reap more oil royalties

Think tank says Alberta should reap more oil royalties thumbnail

Despite soaring oil profits, Albertans have seen their share of returns from their own natural resources drop by more than 30 per cent over the past decade, says a report released Wednesday. The study, produced by the Pembina Institute, concludes the federal government has forfeited up to $1.65 billion in tax revenues because of measures […]


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PO Real Time

Or simply: We have no clue. #peakoil #demand twitter.com/WoodMackenzie/…

@PaulGambles2 @CNBCJou @JMJancovici To be clear, not asking for predictions, but a hedge vs #peakoil. Fair bet policy makers are behind & will be overwhelmed. #antifragile

@PaulGambles2 @CNBCJou Cruel irony is, #peakoil may kick in after it's too late to prevent #climatechange. double whammy/hysteresis. @JMJancovici