Iranian Video Game Offers Chance to Blow Up U.S. Tanker

(Reuters) – A new Iranian computer game sets players the task of blowing up a U.S. tanker in the Gulf to block the sea route for much of the world’s oil supplies, a newspaper reported on Saturday. The game, “Counter Strike”, invites players to plant two bombs on the oil tanker to sink it and […]

More attacks on Power offices

BANGALDESH – Demonstrations by the people demanding uninterrupted power supply continued yesterday in different regions of the country while police filed cases against about 22,100 unidentified persons in the capital for taking part in the violent protests of Wednesday and Thursday. Several hundred residents of Azampur in Uttara of the capital attacked the local office […]

Lower gas prices may help auto sales

DETROIT – When Nelson Ropke recently replaced his Jeep Grand Cherokee sport utility vehicle with a Chrysler Pacifica crossover, gasoline prices were top-of-mind. The Grosse Pointe lawyer is a typical buyer still smarting from post-Katrina $3-per-gallon prices, but some analysts and dealers say they’re seeing fewer people like him since pump prices subsided in the […]

Most in U.S. say Congress short-sighted

WASHINGTON – Americans are very worried about the long-term future of the country, and they don’t think Congress is paying attention to big issues on the horizon, like Social Security and global warming, according to a survey released Friday. The survey found 81 percent of respondents were very or somewhat worried about Social Security, and […]

Venezuela and Nigeria, Both OPEC Members, Say They Will Cut Their Oil Production

Two of the oil cartel

Is the world about to run out of oil?

Oil importing countries faced an unassailable challenge with the “historic high” price of oil. In 1864, a barrel of Pennsylvanian oil traded for 8.06 in dollars of the day ($97.79 of 2004) and in 1980, a barrel of Arabian light (posted at Ras Tanura) sold for 35.69 in dollars of the day ($82.15 of 2004). […]

India taps into dinosaur water

With the population soaring past one billion and with a driving need to boost agricultural production, Indians are tapping their groundwater faster than nature can replenish it, so fast that they are hitting deposits formed at the time of the dinosaurs. New York Times

Wake up to IT’s energy crisis, urges Gartner

“IT’s age of innocence is nearing an end,” said Steve Prentice, distinguished analyst and chief of research at Gartner. “Technology’s clean and friendly ‘weightless economy’ image is being challenged by its growing environmental footprint. While a growing number of regulations are already increasing the end-of-life costs for IT equipment, IT also has to face mounting […]

China sells more rapeseed oil to Europe

Chinese exports of rapeseed oil have picked up, due to strong demand for biodiesel in Europe ahead of the winter, traders said on Friday. Traders said the two cargoes sold to Germany were shipped in August and September with prices quoted at about $680 per tonne, including cost and freight. “Demand from Europe rises as […]

India’s plan to build strategic oil reserves will help offset price volatillity

India’s plans to build strategic oil reserves will help the country offset future volatility in global crude prices, a top petroleum ministry official said Friday. India aims to build at least three oil reserves that would hold about 5 million tons of crude oil, with work on the first such facility starting early next year.International […]

Bush and Kazakh leader praise each other in Oval Office meeting

President George W. Bush heaped praise on the president of Kazakhstan, a Central Asian country important to the United States as an oil supplier and war-on-terror ally but which has a political system that stifles dissent. U.S. concerns over President Nursultan Nazarbayev’s heavy-handed rule did not come up when the two leaders appeared before reporters […]

SE Asia looks to palm oil for energy answers

Indonesia and Malaysia are the latest countries to invest in the biofuel trend by increasing palm oil production, but some experts believe ramping up crop output is not an acceptable means to an end. “The biggest impediment of biofuel popularization is its higher price than conventional fuel,” wrote Tomohide Sugino, a project leader for the […]

Russia, China ‘cooking something up’

Russia and China have been “cooking something up between themselves” for at least a decade now, and the results are already dramatic, to say the least. Don’t expect Russia and its partners to “play nice” with energy and other strategic resources, not in view of the colossal stakes for both sides in the Great Game […]

Green investment is still in its budding stage

Alternative or “green” energy such as biofuels, wind power, solar energy and hydro-electric power are expected to enable a shift away from the current global carbon-based economy. On the strength of this expectation, investors hope that buying into the right new technology company now could reap massive rewards in the future. There are a number […]

Energy-saving plan delay sparks anger

Several spokespersons for the Finnish Presidency confirmed on 28 September that the Finns are putting pressure on the Commission to adopt the long-awaited energy- efficiency action plan as soon as possible. In recent weeks, the adoption by the College of commissioners was postponed several times, supposedly for “administrative planning reasons”. euractiv

Crystal ball needed to predict oil direction

Accordingly, economic forces point to further declines in oil pricing in the next couple of years – a reasonable forecast would be for a long-term reference plane of $35-$45, although prices seem likely to fluctuate around the $50-$60 plateau for some time while spare capacity is being rebuilt. The bottom line? Forecasting the price of […]

A Dangerous Energy Climate

Technology Review – Panelists at the Emerging Technologies Conference voiced an urgent need for aggressive policies to promote energy efficiency, renewable power sources, and carbon sequestration. The world’s exploding energy demand–coupled with the growing risk of catastrophic rises in sea levels and climate change driven by greenhouse gases–create a singular challenge that demands urgent policy […]

Peak Oil And The Problem Of Infrastructure

Most schemes for a post-oil technology are based on the misconception that there will be an infrastructure, similar to that of the present day, which could support such future gadgetry. Modern equipment, however, is dependent on specific methods of manufacture, transportation, maintenance, and repair. In less abstract terms, this means machinery, motorized vehicles, and service […]

Action on climate change seen diverging

The gap between what countries are doing to address climate change and what scientists say they should be doing is widening, Environment Minister David Miliband, said on Friday. Miliband was previewing a meeting next week in Mexico, when energy and environment ministers in the world’s top 20 greenhouse gas emitters will explore in an informal […]

$1,000,000,000,000: the cost of capping greenhouse gas emissions

The cost of curbing the soaring emissions of harmful gases that are blamed for causing global warming has been estimated at $1 trillion by a major study of the cost of climate change. The volume of emissions of the gases that cause global warming will double by 2050 unless rich countries agree to take significant […]

Scientists develop more powerful nuclear fuel

U.S. researchers have designed a reactor fuel that they believe can make nuclear power plants 50 percent more powerful and safer, the Massachusetts Institute of Technology said. Researchers say their new technology should be ready for commercial use in existing reactors in about 10 years. yahoo

Wind turbines and solar panels at B&Q

The do-it-yourself chain B&Q is to sell wind turbines and solar panels as home energy generation moves into the mass market. From next month, every one of B&Q’s 320 UK stores will display the energy-saving turbines, which transmit electricity, and three types of solar panel, which produce hot water. Both will fit on domestic roofs. […]

Backyard wind turbines turn energy consumers into suppliers

Think wind power and you probably imagine multimegawatt-scale wind farms featuring gigantic turbines spectrum

Climate demands rapid energy conversion, experts say

A panel of energy experts called on industry and the U.S. government to rapidly embrace technologies that reduce greenhouse gas emissions, including renewable energy, energy efficiency and carbon sequestration. The Technology Review’s Emerging Technologies Conference at the Massachusetts Institute of Technology on Thursday hosted a panel titled “Innovation and the Energy Crisis,” where speakers cast […]

The Next Step: Conversion to the Solar Hydrogen Economy

How long do you believe it will take to restructure the Petroleum Economy into the Solar-Hydrogen Economy? This is a difficult question. The transition to the Solar-Hydrogen Economy is dependent on how fast we can mobilize industry and Government to restructure the Petroleum Economy and how many dollars are put into the transition. There is […]

OPEC Anger as Venezuela and Nigeria Cut Oil Output

FT.com – Venezuela and Nigeria, both members of the Opec oil cartel, yesterday announced that they would reduce their oil production by as much as 200,000 barrels a day to shore up prices. Several other key members of the Organisation of the Petroleum Exporting Countries were said to be furious about the unilateral decision. Nevertheless, […]

Peak Oil Passnotes: Oil at a Turning Point

Resource Investor – There are three choices for the market in crude oil after its recent steep falls. It can stay roughly around where it is now, $62. It can fall back down through the technical and software barriers that support it to new year lows or it can go higher once more. Perhaps very […]

The Oil Drum: Ammonia and Biofuels?

One of Dave’s essays that caught my attention involved the very interesting idea of using excess wind power to make methanol, ethanol, or even ammonium nitrate fertilizer. But Dave doesn’t just throw an idea out there; he gets into the important technical details. I first mentioned Dave’s paper in my essay on Compressed Air Energy […]

The end of oil’s stunning ride

Prices may steady at $55 to $65 but that doesn’t mean an end to wild swings in the energy sector. NEW YORK (CNNMoney.com) — The energy crisis is over. You just might not be that happy with the ending. The last four years has seen a nearly unprecedented surge in oil, gasoline and natural gas […]

A reflection on cities of the future

by James Howard Kunstler Back in the early 20th Century, when the cheap oil fiesta was just getting underway, and some major new technological innovation made its debut every month Luckily for Paris, the city officials laughed at him every time he came back with the scheme over the next forty years

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