Insight and inspiration in turbulent times.
There is really no need to go to far to know why US President George W Bush and British Prime Minister Tony Blair get along so famously. The missing link has now been discovered — William Gammell, the CEO of Cairn Energy.
China may not have a flamboyant oil tycoon like Russia’s Yukos ex-boss Mikhail Khodorkovsky but Beijing is embroiled in a similar, albeit smaller, court battle over oil and money as the Kremlin.
Primarily, it has been figured that some 6500 megawatts of the country’s power output is produced by wind turbines, Iran’s Mehr News Agency said.
China’s oil giant Sinopec Group has signed a $70 billion worth oil and natural gas deal with Iran; China’s biggest energy deal with the No. 2 OPEC producer.
As the Russian government moves to reassert its sway over
the country’s lucrative energy business, the British oil and gas
giant BP would seem to be an obvious target. The company’s 50-50
Russian venture, called TNK-BP, is posting record profits, and now
pumps one of every five barrels of BP’s worldwide oil supply.
MEXICO CITY — While record-high oil prices have filled the coffers of Pemex, Mexico’s state-owned oil company, experts say the good times mask a looming problem in the country’s energy sector.
The Cantarell oil field in the shallow waters of the Gulf of Mexico, Mexico’s biggest, is running low. Exactly when it will run out, nobody knows.
ROYAL Dutch/Shell yesterday raised fears that it may have to write down its reserves by more than 1.5 billion barrels — 10 per cent of its total reserves — after the Anglo-Dutch oil company admitted that it was considering its fifth “volume adjustment” this year.
While Delta, like other airlines, cut about $600 million in costs between 2001 and 2003, its fuel costs at the same time went up by about $120 million. Given that oil prices have increased by roughly three-quarters in a year, the fuel expense for 2004 will be much worse.
Climate change will impact every one of us. For this reason, governments all over the world are making moves to mitigate their greenhouse gas emissions. Geosequestration is the new kid on the block in energy technology research. It has become very popular politically, so much so that Australia’s Howard Government, following the lead of the US, is investing heavily in it. But at what cost?
Fossil fuels, so easily set alight! Yes, and as Bush and Kerry are out campaigning, we are presently touching off nearly the very last whiffs and drops and chunks of them. All lights are about to go out.
News organisations worldwide have been waking up to the potential of a noiseless, vibration-free, roof-mounted turbine. The device plugs directly into the home grid, it will retail at around £1,500 and promises to repay that in electricity savings to the average household in the first three years of its 20-year guaranteed life.
The Green Festival, a two-day party intended to accelerate the emergence of a new economic paradigm that values life, will be host to an unofficial peak oil mini summit. The official program for Saturday November 6th features Peter Camejo, Richard Heinberg, and Julian Darley speaking about oil depletion and the implications.
