China to set up company to build oil reserve infrastructure
China plans to establish a company that will raise as much as 100 billion yuan (12 billion dollars) to build the country’s strategic oil reserve infrastructure, state media reported.
AFP
Blair’s missing the point on financing renewables: fossil volatility costs more
Renewable and low-carbon energy are not just the long-term solutions to climate change. They are indispensable today if we are to cushion the British economy against volatile oil and gas prices and the impending peak in world oil production – not least the dwindling reserves in the North Sea.
Demographic oil demand and peak oil
Since about 1999 per capita world average oil consumption is increasing. This recovery, after a long decline through about 1980-2000, has strong implications for potential oil demand, and potential annual growth of world oil demand as we enter the period immediately preceding ‘Peak Oil’.
Bottomline Decisions: Concerns about reliable supply will always trump the call for cleaner energy
Securing supply tops the energy-policy agenda. That is the message coming loud and clear from more than 60 energy-industry leaders, including big-company CEOs and senior government officials, recently surveyed by the World Economic Forum…. History shows that policymakers will put price and supply before social and environmental concerns.
Oil producers have wafer-thin safety margin: experts
Limited spare capacity means that the ability of oil producers to meet the sharpest rise in demand since the 1970s is likely to be severely tested, according to experts attending an OPEC-sponsored seminar in Vienna.
U.S. Can Eliminate Oil Use in a Few Decades
Amory Lovins and the Rocky Mountain Institute have come up with a proposal to save American capitalism from the end of the age of oil.
Why does Wall Street continue to look down on renewable energy?
If alternative-energy companies are so hot, why are their stocks so unpopular? Record-high oil prices make wind and solar increasingly competitive. Fear of climate change should brighten prospects for any alternative to fossil fuels, which release the greenhouse gases that cause global warming. Yet over the past two years, the worldwide stock-market value of companies developing renewable energy—which includes everything from wind and solar to recycling—fell from $13 billion to $10.7 billion, while the value of fossil-fuel companies surged to record highs of more than $1.2 trillion.
Turbulence over turbines in Cumbria
In the blustery northwest corner of Cumbria, wind farms are becoming part of the landscape.
UK: Minister rejects nuclear option
Building nuclear power stations would risk landing future generations with ‘difficult’ legacies, the Environment Secretary, Margaret Beckett, warns today in a clear rebuff to the nuclear industry.
India: Coke, Pepsi attacked over ground water issue
Coke and Pepsi today came under attack from some social organisations for alleged excessive use of ground water and causing pollution.
India steps up quest for energy supplies
High prices are unlikely to erode India’s booming demand for oil and the country has stepped up negotiations with producer nations to secure its energy supplies, said oil minister Mani Shankar Aiyar.
West Africa, a big exporter to the U.S., demonstrates the ‘paradox of plenty’
While sought-after commodities like oil can generate immense revenues for an exporting nation, they can also end up inflicting great damage on its economy and political culture.
