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News from June 2007

A pipeline into the heart of Europe

A pipeline into the heart of Europe thumbnail

…Russia has used the energy card in breaking through the cordon sanitaire assembled by Washington. Three major developments in the past month have brought Russia back into the Balkans. First came what an alarmed American specialist called Moscow’s “Anschluss of Austria”. The reference was to Putin’s visit to Vienna on May 23-24, which has laid […]


Americans must fuel their own destiny

Americans must fuel their own destiny thumbnail

…In today And that


$70 crude is one more holiday hassle

$70 crude is one more holiday hassle thumbnail

Despite falling pump prices, refinery outlook and oil futures could lift gasoline prices before season ends Hot dogs, hamburgers, $3 gas and now crude at $70 a barrel …Crude prices are rising on concerns that U.S. refineries, racked with outages this year, are not keeping pace with the nation’s gasoline habit. The point was brought […]


The True Cost of Oil: $65 Trillion a Year?

The True Cost of Oil: $65 Trillion a Year? thumbnail

Quick: What’s the most common criticism of renewable energy? Right: That it’s not economical. Too expensive compared to cheap oil, coal, natural gas, and nuclear. And that’s true, if you have a calculator that can only add, and you don’t count a bunch of stuff. But that’s not the way we do math around here. […]


Iran regime drowning in oil

Iran regime drowning in oil thumbnail

THE HARD-LINE regime of Iranian President Mahmoud Ahmadinejad has been frightening neighbors with its meddling-by-proxy in Iraq, Lebanon, and Gaza. The regime’s apparent pursuit of nuclear weapons has also prompted unusual solidarity among the United States, Europe, and Russia; together they have been ratcheting up United Nations Security Council sanctions on Iran, demanding that it […]


Gas tax money not meeting road needs

Gas tax money not meeting road needs thumbnail

…”The motor fuel tax has been a wonderful source of revenue since the ’50s,” said Lowell Clary, the DOT’s assistant secretary for finance and administration. But slow growth in the fuel tax – not just in Florida but also nationally – means there will likely be less road-building money available in a fast-growing state where […]


Nuclear demand will outstrip supply: CEO

Nuclear demand will outstrip supply: CEO thumbnail

Uranium spot prices are unsustainable at current levels over the long term, the chief executive of miner Cameco Corp. CCO.TO said on Wednesday, but he also forecast global demand for the nuclear fuel outstripping production for the next eight or nine years. Jerry Grandey told reporters at the company’s head office that he expects uranium […]


Ethanol boom squeezes biodiesel supply

Ethanol boom squeezes biodiesel supply thumbnail

With farmers planting more corn, the price of soybeans is growing prohibitive Farmers saw high prices for corn this spring and planted even more than expected. That may help hold down food prices, but it’s bad news for struggling biodiesel makers who depend on soybean oil. The U.S. Department of Agriculture reported Friday that farmers […]


President: Fuel rationing huge move

President: Fuel rationing huge move thumbnail

Iranian President Mahmoud Ahmadinejad has called the fuel rationing a huge and complex decision that would make Iran invulnerable. He was referring to the government’s measure last week, taken to curb the country’s growing fuel consumption based on which the fuel needed by the nation’s private and public vehicles will be offered only under a […]


Mexico’s Calderon sees oil exports falling further

Mexico’s Calderon sees oil exports falling further thumbnail

MEXICO CITY, June 29 (Reuters) – Mexican President Felipe Calderon said on Friday he expected the country’s crude oil exports to slip further this year and next, continuing a decline seen in 2006. “Starting in 2006, the volume of our oil exports has been falling at an alarming rate and from what we have observed […]


EU paper shows options on warming Europe

EU paper shows options on warming Europe thumbnail

BRUSSELS, Belgium – Water shortages in the Mediterranean, flash floods along the Rhine and summers so hot that nuclear power stations can’t cool down. This is what Europe can expect as its climate warms over the next decades, a European Union paper warned Friday, as it laid out options for what governments can do now […]


The Oil Drum: Refinery Utilization Rates and Increase in Use of Heavy/Sour Crude

The Oil Drum: Refinery Utilization Rates and Increase in Use of Heavy/Sour Crude thumbnail

To what degree is the decline in quality crude affecting domestic refinery utilization rates and therefore gasoline stocks? In recent years some analysis has suggested that light sweet crude oil may have peaked, with the world left to increasingly rely on lower quality crudes. See for example this story on The Oil Drum and this […]


BP economist: World

BP economist: World thumbnail

DENVER – The world has plenty of oil left, although China has a growing appetite for all sorts of energy. That was the message a senior BP economist had at a Thursday presentation sponsored by the Denver Chamber of Commerce. Mark Finley, head of energy analysis at BP’s London headquarters, walked the group of about […]


VENEZUELAN OIL

VENEZUELAN OIL thumbnail

Well, this is the story of a man named Chavez, poor President barely kept his country fed. Then one day, shooting at some food, up through the ground came a bubblin’ crude … The U.S. Department of Energy estimates Venezuela’s reserves at 1.3 trillion barrels, more than all other OPEC members. Yet, the country is […]


China and EU launch climate change project

China and EU launch climate change project thumbnail

China and the EU yesterday launched a joint project to boost China’s clean development mechanism (CDM). China has approved more than 500 CDM projects. Over 70 percent of the projects focus on clean and renewable energy, 14 percent on raising energy efficiency and the rest focus on the elimination of HFC23, a heat-trapping gas 11,700 […]


Solar energy in space to power India

Solar energy in space to power India thumbnail

India is working intensely on having a solar power generation station in space to meet the nation thestatesman


BP files $5 billion Norwegian Sea oil and gas plan

BP files $5 billion Norwegian Sea oil and gas plan thumbnail

Britain’s BP (BP.L: Quote, Profile , Research) delivered to Norwegian authorities on Friday a $5 billion plan for development and operation of the Skarv and Idun oil and gas fields in the Norwegian Sea, the company and officials said. reuters


Biofuel Crops Double As Greenhouse-Gas Reducers

Biofuel Crops Double As Greenhouse-Gas Reducers thumbnail

Corn and soybeans may be the current “go-to” crops for producing ethanol and biodiesel, respectively. But two other crops sciencedaily


Chavez invites Russians to invest more in his country’s oil

Chavez invites Russians to invest more in his country’s oil thumbnail

Venezuelan President Hugo Chavez called on Russian business leaders Friday to boost their investment in his country, criticizing U.S. companies as “vampires” and inviting Russians to help develop a massive oil deposit. chron


Oil Giant Sees Some Strains in the System

Oil Giant Sees Some Strains in the System thumbnail

As chairman and chief executive of ConocoPhillips, James J. Mulva is steering the third-largest American integrated energy company at a time of great profit but also growing concern over global warming and rising gasoline prices and questions as to whether Big Oil is doing enough to cope with either challenge. nytimes


Feds OK Oil-Shale Mining in Utah

Feds OK Oil-Shale Mining in Utah thumbnail

The federal government issued a lease to a partnership that wants to open an abandoned oil shale mine in eastern Utah. The Interior Department issued the 10-year lease Thursday to Alabama-based Oil Shale Exploration Co., for Utah’s only oil-shale experiment on federal land. forbes


David Bode: The Hydrogen Economy – Hype or Holy Grail

David Bode: The Hydrogen Economy – Hype or Holy Grail thumbnail

In the end, the hydrogen economy will be only one of many solutions to US energy independence. It isn swampfox


Peak Oil Passnotes: Peak Market Economics

Peak Oil Passnotes: Peak Market Economics thumbnail

But this is exactly what the consuming nations such as the U.S., the European nations, and Japan are asking of countries that produce oil, such as the OPEC nations and Russia. They are saying, resourceinvestor


Statoil Scraps CO2 Plan

Statoil Scraps CO2 Plan thumbnail

Use of CO2 for enhanced oil recovery on Draugen is not commercially defendable and thus will not make a positive contribution to the value chain. The extra oil volumes that the Draugen license operator believes to be recoverable are too low to justify the necessary investments in the field. Modifications of the platform would also […]


Extreme weather wakes US up to climate change

Extreme weather wakes US up to climate change thumbnail

US public opinion is rapidly waking up to the threat posed by global warming, despite the best efforts of the Bush Administration and much of industry to deny the problem. There has been a double-digit increase in the proportion of Americans who say environmental problems are a major global threat – from 23 per cent […]


Biofuels stampede ‘damaging the environment’

Biofuels stampede ‘damaging the environment’ thumbnail

The rush for biofuels is causing massive environmental damage and must be halted, a campaign group claims. Whole ecosystems are being destroyed and hundreds of thousands of people are being thrown off their land to make way for the crops needed to make biofuel, it alleges. The charity Grain says there has been a stampede […]


CBC Interview With Gregory Greene on Premiere of Escape from Suburbia

CBC Interview With Gregory Greene on Premiere of Escape from Suburbia thumbnail

CBC morning show interview with Gregory Greene Director of End of Suburbia on the June 28th premiere of his sequel Escape From Suburbia br/> CBC


Cheap cars for India

Cheap cars for India thumbnail

IT MAY be an Indian consumer’s dream – cheap cars for $US2500-$US3000 within reach of millions of a swelling middle class. But it could also prove to be a traffic and environmental disaster. India has low car ownership rates – there are seven to eight cars per 1000 people compared with 300-500 cars per 1000 […]


Get Americans to drive less by raising gas taxes

Get Americans to drive less by raising gas taxes thumbnail

Tougher CAFE standards won’t make a dent in US oil consumption because those with more fuel-efficient cars tend to drive more. Charlottesville, VA. – As an environmentalist, I was among the first to get a hybrid car, which helped me be among the first to admit that government-imposed fuel standards I was proof of economist […]


Confiscated booze becomes alternative fuel

Confiscated booze becomes alternative fuel thumbnail

Sweden’s strategy even helps cut global warming emissions STOCKHOLM, Sweden – Smugglers trying to sneak alcohol into Sweden are unwittingly helping fuel the country’s public transport system and reducing its greenhouse emissions. Almost all of the 185,000 gallons of smuggled alcohol seized by the customs service last year was turned into alternative fuel and used […]


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