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News from November 2005

Five Ways To Save Money On Your Energy Bills

Five Ways To Save Money On Your Energy Bills thumbnail

1. Switch energy supplier 2. Cut back on usage 3. Save energy 4. Pay by Direct Debit 5. InsulateFOOL


Gold tops $US500 as buyers hunt alternative

Gold tops $US500 as buyers hunt alternative thumbnail

Gold traded above $US500 on Tuesday for the first time in 18 years as the US dollar reversed course and cashed-up speculative investors, wary of geopolitical tensions and distrustful of paper assets, looked for an alternative to oil, equities and bonds. Spot gold jumped to $US500.25 in morning trade in Asia, a level not seen […]


Taiwan companies ramping up solar cell production

Taiwan companies ramping up solar cell production thumbnail

A number of Taiwan companies are ramping up their production, or planning to venture into the production, of solar cells amid the rising prospects of the solar energy industry, according to industry sources. Motech Industries, Taiwandigitimes


energywatch and suppliers calm fears over winter worries

energywatch and suppliers calm fears over winter worries thumbnail

energywatch has joined with Britainenergywatch


If winter is bitter, brace for a natural-gas crunch

If winter is bitter, brace for a natural-gas crunch thumbnail

From Maine to Florida, from Virginia to Missouri, as much as half the United States confronts the possibility that harshly cold weather will lead to restrictions of natural-gas supplies. In some places usatoday


Rainforests brought back to life as ‘carbon trading’ takes off

Rainforests brought back to life as ‘carbon trading’ takes off thumbnail

New forests could blossom in tropical zones from Brazil to India as one of the more creative ideas produced by the Kyoto protocol begins to bear fruit. Someone has finally hit on a way to make money out of conservation. Not to be outdone, a newly launched London-based finance company dealing in the “new carbon […]


Nuclear plans could generate rift

Nuclear plans could generate rift thumbnail

A new generation of nuclear power stations could cause political tensions between Scotland and Westminster – and within the Scottish cabinet. Professor Jim McDonald, of Strathclyde University’s institute for energy and environment, said a combination of nuclear and renewable energy seemed the best solution. BBC


IEA: Norway Should Maintain Barents Exploration

IEA: Norway Should Maintain Barents Exploration thumbnail

Norway’s government should maintain oil and gas exploration and development in the Barents Sea in order to manage the country’s declining output, the head of the International Energy Agency said Monday. The Norwegian side of the Barents Sea is the country’s last largely unexplored oil and gas province, estimated to hold 21.4 billion barrels of […]


For oil majors, U.S. is a gas

For oil majors, U.S. is a gas thumbnail

The world’s three largest energy companies are intensifying their hunt for natural gas in the U.S., reversing a years-long trend, according to a media report Tuesday. Exxon Mobil Corp. (XOM), BP Plc (BP)(BP) and Royal Dutch Shell Plc (RDSARDSA)(RDS.A) have been drawn back to the U.S. by high natural-gas prices, advances in extraction technology and […]


OPEC Ready to Pump Enough Oil to Build Up Global Stockpiles

OPEC Ready to Pump Enough Oil to Build Up Global Stockpiles thumbnail

OPEC will pump enough oil to build up global stockpiles and cushion consumers in the United States, Europe and Japan from higher prices this winter, the producer group’s president said yesterday. The Organization of Petroleum Exporting Countries has been producing nearly flat out at 30 million barrels per day (bpd) for months as it seeks […]


North Sea renaissance pushes oil and gas spend to

North Sea renaissance pushes oil and gas spend to thumbnail

A major revival in the fortunes of the North Sea oil and gas industry, fuelled by record prices, has resulted in the industry’s total spend soaring to a near-record The Scotsman


Gazprom says supplies to Europe threatened by row over gas transit in Ukraine

Gazprom says supplies to Europe threatened by row over gas transit in Ukraine thumbnail

Gazprom said that its gas supplies to Europe could be put at risk if the dispute over transit of gas through Ukraine is not solved swiftly. The delay in reaching an agreement with the Ukrainian authorities threatens the continuity of gas supplies to Europe next year, the Russian company said.Forbes


Concerns over Indian oil output

Concerns over Indian oil output thumbnail

India’s Oil Minister Mani Shankar Aiyar has raised concerns about the country’s future energy supplies, amid falling oil output at its main energy company. The minister warned that output from the Oil and Natural Gas Corporation’s (ONGC) current fields may fall sharply, creating significant future problems. ..Mr Aiyar voiced concerns about a fall in domestic […]


Cultural heritage can help Iran oil-free economy

Cultural heritage can help Iran oil-free economy thumbnail

In the budget plan of the year 2006/2007, Mahmoud Ahmadinejad, President of Iran, has asked the authorities and public organizations to propose their policies based on an oil-free economy to open new horizons in cultural, social, and economical development of the country. While Iran’s government has announced its forth development program as the base of […]


Angola seeks oil exploration investors

Angola seeks oil exploration investors thumbnail

Angola, which boasts some of the world’s hottest oil exploration territory, is seeking international investors for deep and shallow water acreage in a new-style licensing round, officials say. The country is sub-Saharan Africa’s second-largest oil producer after Nigeria. The acreage on offer contains potential reserves of an estimated 6.2 billion barrels, including light and heavy […]


EU ‘needs unified energy policy’ on climate change

EU ‘needs unified energy policy’ on climate change thumbnail

The European Union needs a unified energy policy to replace member states’ individual energy strategies, in order to combat climate change and to improve the security of supply, says the head of the EU’s Environment Agency. Jacqueline McGlade, executive director of the EEA, told the Financial Times that modernising energy infrastructure required such huge investment […]


China’s coal: The other black gold

China’s coal: The other black gold thumbnail

When the term “black gold” is used, it usually pertains to oil. Coal, one of the oldest sources of energy used by man, has long been a poor cousin. However, in an era of higher oil prices and apprehension over future supply, coal no longer looks so bad. This is certainly the case in China, […]


Oil and gas producers call for higher price

Oil and gas producers call for higher price thumbnail

China’s top oil and gas producers PetroChina and Sinopec yesterday said government-controlled prices for natural gas discouraged them from investing in gasfields, because they fear they will not make a profit. They say the government should raise gas prices to avoid this situation. China Daily


George Monbiot on the future of UK energy

George Monbiot on the future of UK energy thumbnail

In one respect, Simon Jenkins is right. “Nobody,” he complained in the Guardian last week, while laying out his case for nuclear power, “agrees about figures.” As a result, “energy policy is like Victorian medicine, at the mercy of quack remedies and snake-oil salesmen”. There is a reason for this. As far as I can […]


Gold Rises to 22-Year High in Asia on Dollar, Investment Demand

Gold Rises to 22-Year High in Asia on Dollar, Investment Demand thumbnail

Nov. 29 (Bloomberg) — Gold rose above $500 an ounce for the first time since February 1983 as a weaker dollar and accelerating inflation fueled demand for bullion as an alternative investment. The dollar fell more than 1 percent against the euro yesterday after U.S. home sales in October declined more than analysts expected. Spot […]


UN Summit Seeks Climate Solutions

UN Summit Seeks Climate Solutions thumbnail

The first United Nations climate conference since the Kyoto agreement came into force in February has opened with the US still resisting targets. Delegates meeting in the Canadian city of Montreal are to discuss how targets on cutting greenhouse gas emissions over the next seven years will be met.BBC


What your Mama never told you about NAFTA

What your Mama never told you about NAFTA thumbnail

A look at CanadaAll the same, the North American Free Trade Agreement affects all of our lives, whether we


Time running out for oil, gas reserves

Time running out for oil, gas reserves thumbnail

Experts point to coal as possible alternative World oil discoveries have been steadily declining for decades, while oil consumption has continued to increase dramatically. Individual oil fields reach a point of peak production, where about half the oil has been retrieved, and production, though it does not stop, declines. And no one argues that only […]


Syriana and Iraq

Syriana and Iraq thumbnail

Critics have been hailing “Syriana,” George Clooney’s latest film to take on the policies of the Bush Administration, as a cinematic tour de force that has “compelling real-world relevance” and is “unsettlingly close to the truth.” But what is the truth “Syriana” supposedly approaches? Put briefly, the plot describes the ramification of a bungled CIA-authorized […]


Oil sands no magic bullet

Oil sands no magic bullet thumbnail

Michael Fumento, a senior fellow at the Hudson Institute and a columnist for Scripps Howard News Service, recently offered an optimistic picture of our petroleum supply, based primarily on the potential for Canadian oil sands to produce bitumen, a “tarlike goo” that can be refined into gasoline and other petroleum products. The Canadian deposits are […]


Companies seek alternatives to pricey natural gas

Companies seek alternatives to pricey natural gas thumbnail

When an unexpectedly high utility bill comes in the mail, many people go through the roof. Fletcher Steele, on the other hand, went to Congress. Steele at Pine Hall Brick does have an alternative — saw dust. Still, in his testimony before Congress, Steele asked for the permitting process necessary to convert more equipment from […]


The Case for Going Nuclear

The Case for Going Nuclear thumbnail

ENERGY policy in Great Britain has been a shambles, with disaster avoided thanks to lucky escapes rather than good stewardship and a cowardly government choosing to turn a blind eye to repeated and increasingly desperate warnings over prices and supply. In the last few weeks alone, natural gas spot prices have more than doubled, partly […]


Production Recovery in Gulf of Mexico Makes Biggest Gain in Weeks

Production Recovery in Gulf of Mexico Makes Biggest Gain in Weeks thumbnail

Efforts to restore oil and gas production in the Gulf of Mexico made significant progress over the weekend, with oil production seeing its biggest jump since the beginning of November, according to the Minerals Management Service. About 42 percent of Gulf oil production, or about 633,000 barrels of the 1.5 million barrels per day normally […]


Ethanol, hope for lower fuel prices

Ethanol, hope for lower fuel prices thumbnail

Cheap oil in the past had kept alternative energy sources from gaining more widespread acceptance. But with oil prices skyrocketing this year, alternatives like ethanol make more economic sense. From Europe to America, ethanol as an alternative source of fuel started gaining ground more than 80 years ago, when the it was used for racing […]


Shell exploits massive new oil field

Shell exploits massive new oil field thumbnail

Anglo-Dutch oil giant Royal Dutch Shell said it has begun pumping oil from a massive new field off the coast of Nigeria which will produce 225,000 barrels per day. Development of the Bonga field was hit by long delays and cost overruns, but Shell now hopes to rapidly reach peak capacity and boost the west […]


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