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News from February 2007

Petro-Canada closes 25 gas stations in Ontario because of gas shortage

Petro-Canada closes 25 gas stations in Ontario because of gas shortage thumbnail

TORONTO: Petro-Canada temporarily closed 25 gas stations in the Toronto area on Wednesday because of a gas shortage in Ontario. A fire at Imperial Oil’s 118,000 barrel-a-day Nanticoke refinery this month and a strike by Canadian National Railway has slowed down crude oil supply in Canada’s most populous province. The strike has since ended and […]


Gunmen again kidnap foreigner in Nigeria

Gunmen again kidnap foreigner in Nigeria thumbnail

LAGOS, Nigeria – Gunmen kidnapped a Lebanese worker Wednesday in Nigeria’s restive southern oil region, the latest in a string of attacks across the increasingly lawless area, police said. The man, whose name was not released, was working on a construction project in Rivers State when he was seized, Police Commissioner Felix Ogbaudu said by […]


Iraq’s New Hydrocarbon Law: Victor’s Term to US Big Oil Companies

Iraq’s New Hydrocarbon Law: Victor’s Term to US Big Oil Companies thumbnail

… This is precisely what Cheney was getting at in his 1999 talk to the Institute of Petroleum. In a world of dwindling petroleum resources, those who control large reserves of cheaply-produced oil will reap unimaginable profits – and command the heights of the global economy. It’s not just about profit, of course; control of […]


Advanced Energy Technologies: Challenges to Development and Deployment

Advanced Energy Technologies: Challenges to Development and Deployment thumbnail

Why GAO Did This Study For decades, the nation has benefited from relatively inexpensive energy, but it has also grown reliant on fossil fuels What GAO Recommends GAO


The Oil Drum: What are the REAL energy equivalents of a cubic mile of oil?

The Oil Drum: What are the REAL energy equivalents of a cubic mile of oil? thumbnail

A lot’s been said lately about how much energy is in a cubic mile of oil. This is roughly the amount the world uses in a year. Leaving aside some errors (the coal and nuclear numbers are off by about 10% to each other, and the capacity factor of wind turbines should be closer to […]


Film: Towards the Bio-based Economy

Film: Towards the Bio-based Economy thumbnail

The following short film offers a basic overview of what our post-oil future will look like. Towards the Bio-based Economy shows how most products we use on a daily basis – from fuels, medicines, and Euro banknotes, to washing powder and plastics – can be made from biomass. For almost all petroleum-based products, a plant-based […]


An Early Environmentalist, Embracing New

An Early Environmentalist, Embracing New thumbnail

Stewart Brand has become a heretic to environmentalism, a movement he helped found, but he doesn He divides environmentalists into romantics and scientists, the two cultures he


The DCDC Global Strategic Trends Programme 2007-2036

The DCDC Global Strategic Trends Programme 2007-2036 thumbnail

A fascinating 91-page document that probably represents some of the best thinking by the global elite. Below are a few selections that might be of particular interest to Energy Bulletin readers. …During the next 30 years, every aspect of human life will change at an unprecedented rate, throwing up new features, challenges and opportunities. Three […]


Economic growth cannot continue indefinetely without conservation

Economic growth cannot continue indefinetely without conservation thumbnail

You may have heard people talking about economic systems. You may also have heard of the energy of systems. The laws of thermodynamics state that the amount of energy in any system is finite Traditional macroeconomics holds that the march of technological progress increases economic efficiency, thereby improving everyone


Bahamas: Life on Easy Street coming to an end

Bahamas: Life on Easy Street coming to an end thumbnail

…Professor Klare notes that “Crude oil is trading at well over $50 a barrel. Congress has authorized oil exploration in the protected lands on Alaska’s north slope, but the reality is that oil reserves there are limited. Given current patterns of consumption, the United States will need to import 60% of the oil it uses […]


New Daylight Saving Time not so bright an idea

New Daylight Saving Time not so bright an idea thumbnail

…Back in 1974 and 1975, America extended the DST to ten months and eight months respectively. The Department of Transportation concluded that doing so saved the equivalent of 10,000 barrels of oil each day. California Energy Commission tabulated that at a savings of about one percent per day. Then in 1986, President Ronald Reagan tacked […]


Total to Continue Gas Talks with Iran If No Int’l Ban

Total to Continue Gas Talks with Iran If No Int’l Ban thumbnail

French oil giant Total SA (TOT) will continue talking with Iran on developing a gas project in the Persian Gulf unless there is an international ban on doing business with the Islamic republic, Total Chairman Thierry Desmarest said Tuesday. “We’re still in talks to see if we can reach satisfactory terms with the Iranians,” Desmarest […]


Nigeria elections may spur kidnappings

Nigeria elections may spur kidnappings thumbnail

PORT HARCOURT, Nigeria – Rival Nigerian politicians are arming militias in advance of April elections, in hopes of rigging the outcome and gaining control of millions in oil revenue at stake. Violence already has risen dramatically since the beginning of the year in this southern oil city. Dozens of foreign workers have been kidnapped, and […]


China aims to diversify oil sources

China aims to diversify oil sources thumbnail

Diversification is a golden rule of doing business, hence the saying: “Don’t put all your eggs in one basket.” In recent years, China has been making aggressive efforts to diversify its sources of oil imports, in an apparent move to reduce the risk of increasing reliance on oil from the Middle East. But in China […]


Germany Says Renewables Growth Faster Than Planned

Germany Says Renewables Growth Faster Than Planned thumbnail

The rapid expansion of renewable energy in Germany means there is no need to renege on the government’s agreement to phase out nuclear power, Environment Minister Sigmar Gabriel said on Tuesday. The Social Democrat, a member of conservative Chancellor Angela Merkel’s left-right coalition, said Germany would this year exceed a 2010 goal to boost the […]


Large Bioethanol Project Announced in Germany

Large Bioethanol Project Announced in Germany thumbnail

A project to build a 130 million euro (US$172 million) plant to produce 200,000 cubic metres of bioethanol annually was announced by three German groups on Tuesday. The plant will consume about 600,000 tonnes of wheat annually and when operational in the first half of 2009 should provide about a third of Germany’s estimated bioethanol […]


Saudia Arabia: Experts Call for Developing Energy Sector

Saudia Arabia: Experts Call for Developing Energy Sector thumbnail

A Saudi oil expert yesterday called for insulating the Kingdom from oil-price fluctuations, as this would enable diversification and developing the energy sector. “We must draw the right lessons from the previous booms. We must have economic reform independent of oil revenues. This is required if the Kingdom has to meet the challenge of developing […]


EU energy policy: time for honesty

EU energy policy: time for honesty thumbnail

The European Council has adopted an energy policy that highlights priorities for further debate. One of the major criticisms leveled at the European Union is that elaborate proposals are made but, due to the competing interests of its members, they end up watered down. The recent European Council meeting held in mid-February is an apt […]


China Meets Less Than a Third of Energy Saving Target

China Meets Less Than a Third of Energy Saving Target thumbnail

China, the world’s largest crude oil user after the U.S., said it cut the amount of energy consumed to generate each unit of gross domestic product by 1.23 percent last year, less than a third of a government reduction target. The nation consumed the equivalent of 1.21 metric tons of coal to produce each 10,000 […]


Libya Faces Oil Rig Shortages, Calls on National Participation in Oil Services

Libya Faces Oil Rig Shortages, Calls on National Participation in Oil Services thumbnail

According to Phoenicia Group, the leading U.S.-Libyan diversified business group, which is a strategic partner to key U.S. and international companies in Libya, Libya is suffering from an acute shortage of oil drilling and work over rigs, significantly delaying exploration programs of oil majors prospecting in the North African country.Symptomatic of the wider global glut […]


Canada: Pipeline aimed at oil sands raises green ire

Canada: Pipeline aimed at oil sands raises green ire thumbnail

The federal government should prevent the proposed Mackenzie Valley natural gas pipeline from providing fuel for oil sands production because of global warming issues, several environmental groups argued at a regulatory hearing yesterday in Edmonton. The amount of natural gas needed to power the oil sands could double by 2015, according the National Energy Board. […]


Pemex Reports Fourth-Quarter Loss as Sales Drop

Pemex Reports Fourth-Quarter Loss as Sales Drop thumbnail

Petroleos Mexicanos, Mexico’s state- owned oil monopoly, reported a fourth-quarter loss as sales declined because of lower production. Pemex, as the Mexico City company is known, had a loss of 6.9 billion pesos ($635 million) compared with a loss of 76 billion pesos a year earlier, according to a Mexican stock exchange report. Sales fell […]


Gore faces up to inconvenient truth over his electricity bill

Gore faces up to inconvenient truth over his electricity bill thumbnail

Al Gore – Oscar winner and the world’s best-known anti-global warming warrior – has been accused of not living up to his lofty standards when it comes to his own opulent mansion in his home state, Tennessee. According to the right-wing Tennessee Centrer for Policy Research, the former vice-president “deserves a gold statue for hypocrisy”. […]


Regulators Approve Imperial Oil’s Kearl Oil Sands Mining Project

Regulators Approve Imperial Oil’s Kearl Oil Sands Mining Project thumbnail

Imperial Oil announced today that the Alberta Energy and Utilities Board (AEUB) and the Government of Canada have given conditional approval to Imperial’s proposed Kearl Oil Sands Project, following a joint federal and provincial review. The current plan is to develop the mine in a staged manner, with an initial mine train with production capacity […]


Peak Platinum, Perhaps?

Peak Platinum, Perhaps? thumbnail

The very small club of platinum group metals producers and traders is currently basking in the warmth of sustained high prices for their highest volume products, platinum and palladium. This is due to the public perception that as more and more cars and trucks are built with internal combustion engines (ICEs), the demand for platinum […]


Oil prices end higher after dropping more than $1 per barrel and then reaching 2

Oil prices end higher after dropping more than $1 per barrel and then reaching 2 thumbnail

During morning trading, fears about weakening oil demand from China helped prices drop as low as $60.06. By afternoon, traders instead focused on expectations of declining petroleum product inventories, and prices crossed the $62 threshold for the first time this year to climb as high as $62.25. Traders’ early-morning jitters revolved around the weakening Chinese […]


EU endorses Hydrogen Combustion Engine

EU endorses Hydrogen Combustion Engine thumbnail

Ten European partners have completed the HyICE project fuelcellsworks


Chavez Signs Law for Takeover of Orinoco Oilfields

Chavez Signs Law for Takeover of Orinoco Oilfields thumbnail

Venezuela’s socialist government took another big step along its sweeping nationalization path as President Hugo Chavez signed the law providing for state control of rich eastern oilfields previously in the hands of U.S., French, British and Norwegian firms. rigzone


Repsol in record Libya oil find

Repsol in record Libya oil find thumbnail

Spain’s Repsol YPF said Tuesday the company had discovered its biggest oilfield ever in Libya. The field, with reserves of 474 million barrels of oil, will double Repsol’s production and reserves in Libya, Spanish national RNE Radio reported. upi


US Air Force Plans to Certify All B-52s for GTL-Blend Use by End of Year

US Air Force Plans to Certify All B-52s for GTL-Blend Use by End of Year thumbnail

If detailed analysis of flight test data and physical inspection prove out, the US Air Force plans to certify its entire B-52 bomber fleet for use of a GTL-JP8 blend by the end of the year. The Air Force recently concluded its flight and ground tests of the 50-50 GTL (Gas-to-Liquids) blend. greencarcongress


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