Oman, British energy firm sign gas deal

Oman signed yesterday a production-sharing agreement with British oil and gas company BG Group for a gas block in the Gulf Arab state. Block 60, which covers almost 1,500 square km (579.2 sq miles), contains the Abu Bu Atoob gas and condensate discovery made in 1998. It has potential reserves of 8 trillion cubic metres, […]

U.S. failed to secure Iraq’s oil lines, report says

The troop training program that the United States began in 2003 to protect Iraq’s oil and electrical lines is a failure and the Bush administration has dispatched a team to Baghdad to draft a new strategy, according to an inspector general report. The inspector general’s report contained some good news for the Bush administration. Electricity […]

Oil major invests in island biodiesel plant

Galveston Bay Biodiesel said crews should soon start work on a facility that would produce and sell biodiesel, an alternative fuel made from products such as soybeans and vegetable oil. In some cases, old cooking oil is used to make the fuel. Chevron has a 25 percent stake in the firm, marking the first time […]

Renewable Energy – Just How Sexy is It?

According to the Ernst & Young Renewable Energy Country Attractiveness Index, the five most attractive countries for investment are Spain, USA, Germany, UK and India, in that order. The index provides an overall score for renewable technologies that are currently entering the market on a large scale, i.e. wind, solar and biomass. Wind, as the […]

US Wind Energy President To Head NZ Assoc

The New Zealand Wind Energy Association today announced the appointment of Roby Roberts as the next Chief Executive of the New Zealand Wind Energy Association. scoop

Bosch Backs Tidal Power Project

Bosch Rexroth, the drive, control and linear motion specialty subsidiary of the Bosch Group, is working with UK firms Lunar Energy and Rotech on a prototype tidal turbine for a tidal power project to be tested this year off the Orkney Islands. The prototype unit, designed to produce about 1MW of power, will be placed […]

Principles for the Post-Peak Oil Job Market

Many types of jobs will cease to exist: public relations executive, marketing directors, et cetera. I think work will be very hands-on, and a lot of it will revolve around food production. – James Howard Kunstler, 2003 When I speak before college audiences about peak oil, I often ask if there are any engineers present. […]

EU’s Energy Policy Brings ‘Hitler’ Jibe from Poland

EuropeFinancial Times

Brazil’s Ethanol Program Struggles to Make a Dent

Brazil’s booming ethanol industry has won international acclaim, but recent supply and pricing problems suggest that it’s not the grand solution to tight oil supplies and ever-rising prices that had been hoped. Brazilian ethanol producers are struggling to keep up with domestic demand for ethanol, which is projected to grow by 50 percent over the […]

Bodman Sees Up to Three Years of Fuel Pain

Gasoline prices have soared an average of 60 cents a gallon in less than a month because suppliers are unable to keep up with demand, a situation that could persist up to three more years, Energy Secretary Samuel Bodman said Sunday. Bodman said on NBCMSNBC

The Oil Drum: HO and JDH on the radio…

Half hour interview with HO of TOD and James Hamilton of Econbrowser on peak oil, alternative fuels, economics, etc., etc., with the Northern Alliance Radio Network. A direct link to the discussion can be found here (mp3 alert). As always, there’s stuff to talk about, including Friedman’s “Gas Pump Geopolitics,” over at The Oil Drum […]

With outrage at pumps, eyes turning to Gulf gas

WASHINGTON – An exasperated Rep. John Peterson of Pennsylvania waved his arms last week while pleading for Floridians to understand why drilling for natural gas is not a threat to their beaches. It’s not like drilling for oil, the Republican said at a news conference outside the Capitol. And if the public is in an […]

Car lovers beginning to flirt with trains, buses and car pools

$3-a-gallon gas prices get area motorists thinking about ways to save on fuel costs When it comes to high gas prices, consumer anger is rising right along with the scrolling numbers at the gas pump. But beyond anger, motorists seem to fall into two main camps – those who are thinking about making lifestyle trade-offs […]

High oil prices hit Thailand hard

BANGKOK – “I spend about 1,000 baht (26.60 dollars) to fill up my car, which is twice the amount it used to be when the price of petrol was 17 baht a liter,” said Ariya. The 34-year-old said the four-hour drive to the ferry pier, where she would board a boat to Koh Chang, was […]

Houston author to discuss looming oil shock

Houston resident Matthew Simmons will, in essence, bring his book tour, “Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy” to Midland Wednesday, May 3. His lecture will be at Midland College’s Chaparral Center beginning at 7:30 p.m. There is no charge for the event, which is open to the public. […]

Impact of high gas prices hits far and wide

Pump pain could affect price of pizzas, flowers, landscaping The rising price of gasoline could do more than drive up the cost of commuting or taking a vacation. It could also force you to pay a little extra to have your lawn mowed, send flowers to your sweetheart, get a pizza delivered or have a […]

Costly Gas? Roll With It.

Some Gamble on Future Prices to Recoup Expenses Will gasoline prices continue to go up? You can bet on it. No, really, I mean it. If you’re the gambling type, you can now bet on those skyrocketing pump prices that once again have consumers over a barrel. An online gambling site has posted odds on […]

Auto Sales Boom Drives Fuel Demand in Asia

EW DELHI, India – Now is a good time to be selling cars in India. Sachin Kapoor, who sells General Motors cars at T & T Motors in New Delhi, says he can barely keep up with customers taking advantage of cheap bank loans to buy their first car or trade up to a newer […]

Stations in Dallas, Houston out of gas

Transportation problems lead retailers to run dry in heart of oil country NEW YORK – Dozens of service stations around Houston and Dallas, the heart of the U.S. oil industry, are out of gasoline after transportation problems resurfaced with the switch to a new anti-smog fuel blend using ethanol, suppliers said Friday. The shortages add […]

As Gas Prices Go Up, Impact Trickles Down

It is hard to watch the numbers flutter ever upward on the gas pump these days. A look at the ripple effect of rising gas prices across the country: The End of Fun and Games Gas prices are not doing much for the love life of Fernanda Tapia. A student at Brandeis University in Waltham, […]

Now drivers have to pass green test

Britain follows the Dutch with fuel-saving exam for new motorists to cut pollution emissions After surviving an emergency stop and three-point turn, driving test candidates will in future have to show they can save fuel as well. Fuel efficiency – or eco-driving – is to be made part of the driving test from 2008 in […]

Soaring oil prices to send easyJet plunging into the red

Easyjet, the low-cost airline, is expected to say this week that the high price of fuel has cost it an additional The results, the first for Andrew Harrison who took over as chief executive of the airline in December last year, are expected to show that first-half losses have more than doubled from this time […]

Chasing dreams at

Will BP Ultimate 102 has an octane rating of 102 RON, compared with 95 RON for standard unleaded petrol and 99 RON for the highest-rated super-unleaded. It is similar to the old five star petrol sold in the 1970s which cost only a few pence more than regular fuel. BP

New oil shock ahead as $100 spike looms

The growing international crisis over Iran’s nuclear programme could trigger a catastrophic oil price spike, sending crude prices over $100 a barrel, senior Wall Street analysts are warning. With prices already at around $72 a barrel, such an increase could mean drivers facing prices of 110p a litre on forecourts, according the the Petrol Retailers […]

MIXED REACTION: Blending ethanol in gasoline drives up prices

Coming this spring to a convenience store near you: 200-proof grain alcohol made from corn. Shoppers, however, won’t need an ID to buy it: It will be blended with gasoline – and undrinkable, of course. .. Some experts say there will be a slight decrease in the number of miles per gallon a car will […]

Japan strives to lift nuclear image by easing rules

Japan is taking a novel approach to nuclear power security by loosening plant inspection regulations, in an attempt to reduce long shutdowns and lower costly oil imports in an industry grappling with safety scares. Analysts say Japan’s inspections regime is stricter than the international norm and tempts data falsification by plant operators, adding that a […]

America drives for biofuel to beat its addiction to oil

In 1908 when Henry T Ford launched the Model T Ford, the grandfather of the modern motor industry believed ethanol — not petrol — would power the first generation of mass-produced vehicles. Ethanol, an alcohol distilled from plants, had powered his first car, the Quadricycle. Ethanol, said Ford, was “the fuel of the future”. It […]

EU, McCain press Russia to open energy markets

The European Union urged the United States on Saturday to join it in pressing for open energy markets and more democracy in Russia when the world’s leading industrial powers meet in St Petersburg in July. And a key US senator said Washington should be tougher on what he called President Vladimir Putin’s autocratic rule and […]

Energy prices spark inflation fears

Consumers in Ha Noi expressed surprise at the sudden increase in petrol prices yesterday, following a recent announcement that prices would not be raised in the near future. Petrol prices rose on Thursday in response to mounting pressure on the domestic market from global prices, in spite of the recent statement by the Board of […]

Thanks to China, this oil shock really is different

In the base oil market we now have a global situation of relatively fixed supply, at least in the short to medium term; and a renewed strong but, more potently, sustained rise in demand. All the supposed fiddling and forward-market dynamics aside, that is the single explanation for the leap in the basic crude oil […]

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LATEST NEWS HEADLINES

• Is It Time To Abandon the Idea of Phasing Out Oil and Gas?
• More than 20% of global refining capacity at risk of closure
• Charles Hugh Smith Blog: Fire, Then Ice Our Deflationary Future
• Saudi Aramco CEO Amin Nasser says energy transition strategy ‘visibly failing’
• 100 million-degree ‘artificial sun’ sets new records in hunt for energy’s ‘Holy Grail’

• China’s peak oil demand bombshell eviscerates Danielle Smith’s energy strategy
• US seeks to buy up to 3 million bbls of oil for Strategic Petroleum Reserve
• Desertification: the world is losing healthy land at an astonishing rate
• US oil production will keep booming in 2024, setting up a possible showdown with Saudi Arabia
• Saudi Arabia piles pressure on UAE to shift COP28 focus away from oil and gas
• US Warship, Commercial Ships Under Attack In Red Sea