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Compulsory contributions from UK energy companies (11 Sep 2008) - Reckon LLP

Fri, 12 Sep 2008 19:34:42 -0000

Highlights and Sticky Notes:

UK Government announcement (8 pages, PDF) of a plan to “propose legislation requiring energy suppliers and electricity generators to contribute an estimated additional £910 million” towards a “Home Energy Saving Programme”. This cost estimate relates to the period to March 2011.

Tags: efficiency energy home.improvement insulation oil taxation uk windfall

Posted by: keulenae

The Oil Drum - Peak Oil Update - August 2008: Production Forecasts and EIA Oil Production Numbers

Fri, 29 Aug 2008 11:56:51 -0000

An update on the latest production numbers from the EIA along with graphs/charts of different oil production forecasts.

Tags: energy forecast oil prediction

Posted by: jeff-milw

The Energy Drill (NYTimes)

Thu, 07 Aug 2008 12:46:26 -0000

Obama was against ending the current ban on offshore drilling, but now he’s sort of open to it, if it’s part of a bigger energy-independence deal. This has upset a number of his supporters who desperately want a president who will adhere firmly to his positions, even when they become totally irrational.

While McCain was never violently opposed to offshore drilling, he has now embraced it as if it is not only the solution to our energy problems, but also the key to eternal salvation. Really, it’s a little scary. You can’t help wondering if he’s been captured by some kind of drilling cult.

Tags: 2008 campaign cult drilling energy mccain nytimes obama oil scary

Posted by: jeff-milw

Drilling Deeper

Thu, 07 Aug 2008 12:23:11 -0000

The Department of Energy estimates that it would take more than 20 years for either production levels or prices to be affected by a repeal of the ban on offshore drilling. Because the amount of oil at stake is so tiny (about 19 billion barrels, equivalent to around seven months of global consumption), it won't do much at all to ease jitters or help deflate a bubble in oil markets.

Tags: 2008 bush drilling energy mccain offshore oil politics

Posted by: jeff-milw

What Is a 'Windfall' Profit? - WSJ.com

Wed, 06 Aug 2008 19:37:50 -0000

The "windfall profits" tax is back, with Barack Obama stumping again to apply it to a handful of big oil companies. Which raises a few questions: What is a "windfall" profit anyway? How does it differ from your everyday, run of the mill profit? Is it some absolute number, a matter of return on equity or sales -- or does it merely depend on who earns it?

Enquiring entrepreneurs want to know. Unfortunately, Mr. Obama's "emergency" plan, announced on Friday, doesn't offer any clarity. To pay for "stimulus" checks of $1,000 for families and $500 for individuals, the Senator says government would take "a reasonable share" of oil company profits.

Tags: obama oil usa windfall

Posted by: keulenae

Energy: America’s Untapped Oil Reserves (Newsweek)

Wed, 23 Jul 2008 01:02:39 -0000

Royal Dutch Shell, the international oil giant, thinks the solution to America's oil crisis may lie in the heart of Colorado. Since 1981, the company has quietly funded a multi-million dollar research project that many call a quest for energy's Holy Grail. The mission: to discover a way to safely and economically extract fuel from oil shale, a type of sedimentary rock found in Wyoming, Utah, and especially Colorado's Western Slope. The potential windfall is staggering

Tags: colorado crisis energy newsweek.com oil oil_shale potential shale windfall

Posted by: jeff-milw

Coal carves a place in the future of global energy - Los Angeles Times

Tue, 22 Jul 2008 11:20:28 -0000

As the price of oil and natural gas soars, many customers are looking to coal as an alternative fuel. That means a boon for suppliers -- and a potential bane for the environment.

Tags: alternative coal energy environment fuel natural_gas oil

Posted by: jeff-milw

As Gas Prices Soar, Elderly Face Cuts in Aid - NYTimes.com

Fri, 11 Jul 2008 07:39:12 -0000

Early last month, Jeanne Fair, 62, got her first hot meals delivered to her home in this lake town in the sparsely populated southwestern part of the state. Then after two deliveries the meals stopped because gas prices had made the delivery too expensive.

Tags: energy energy.news oil peakoil

Posted by: theenergynet

The Oil Drum | Peak Oil Overview - June 2008 (Pdf and Powerpoint available)

Sat, 05 Jul 2008 11:19:02 -0000

Highlights and Sticky Notes:

This is an update of my Peak Oil Overview at March '08. The major changes since my earlier post are the recent apparent decline in Russian production, the new ASPO peak oil projection, and discussion of the recent consumer producer summit in Saudi Arabia (slide 14). I also mention the expected change in IEA's November 2008 forecast of world production.

Tags: canada oil oildrum peak oil saudi arabia tar.sands usa

Posted by: keulenae

Bush's last gasp on oil

Tue, 24 Jun 2008 09:40:39 -0000

Highlights and Sticky Notes:

America's energy independence will not be found in offshore oil drilling. Two federal bans exist to make that point. Relief from high oil and gasoline prices is a byproduct of conservation, a broader menu of energy options and increased efficiencies.

Tags: oil politics

Posted by: jeff-milw

Editorial: Offshore Oil Drilling Fixes Nothing, - CBS News

Tue, 24 Jun 2008 09:38:49 -0000

Highlights and Sticky Notes:

The request for Congress to lift the ban on offshore drilling must be answered with an unequivocal no. The stakes are too high for political faades to continue standing in place of progressive economic solutions. Of course, this argument is one that will surely be issued from both sides, but considering the lack of evidence in support of the drilling, it seems poorly suited for those with their eyes on coastal waters.

Tags: drilling energy offshore oil politics

Posted by: jeff-milw

oilprice1947.gif (GIF Image, 800x600 pixels)

Mon, 16 Jun 2008 19:40:32 -0000

Tags: oil price trends

Posted by: keulenae

R-Squared Energy Blog: Americans Responding to $4 Gasoline

Tue, 10 Jun 2008 07:50:07 -0000

Comments:

Spot evidence that the price elasticity for oil may be higher than for electricity. posted by keulenae

Highlights and Sticky Notes:

At Four Dollars per Gallon Almost Three Quarters of Americans Report Changing Driving Habits to Cope with Gas Prices

Tags: behaviour costs elasticity oil transport usa

Posted by: keulenae

The Oil Drum: Europe | Why oil costs over $120 per barrel

Wed, 28 May 2008 15:20:20 -0000

Highlights and Sticky Notes:

With oil reaching $135 / barrel, Oil Drum readership exceeding 30,000 unique visitors per day and many wild stories circulating in the MSM as to why oil prices are so high this post strives to explain why oil prices are rising exponentially.

Tags: economics oil oildrum

Posted by: keulenae

Oil Left in the Ground

Tue, 20 May 2008 07:45:47 -0000

Highlights and Sticky Notes:

Even with record-high oil prices, about two-thirds of the oil in known oil fields is being left in the ground.

Tags: oil

Posted by: ingenheiro

EIA: This Week In Petroleum

Wed, 14 May 2008 17:11:23 -0000

Tags: eia energy energy.news oil

Posted by: theenergynet

Why oil could hit $180 a barrel - MSN Money

Fri, 25 Apr 2008 08:26:14 -0000

Tags: economics oil

Posted by: theenergynet

Environmental Capital - WSJ.com : When Cheap Housing Isn't: How Transportation Changes the Equation

Fri, 11 Apr 2008 19:29:32 -0000

Highlights and Sticky Notes:

Ballooning gasoline prices aren’t just changing how people drive—they may soon change where people live. With gas stuck above $3.00 a gallon, those cheaper houses in the suburbs can be a money-losing proposition in the end.

Tags: costs economics housing oil transport usa

Posted by: keulenae

Peak Energy: Titan: A Moon Made Of Oil

Thu, 14 Feb 2008 09:12:07 -0000

Highlights and Sticky Notes:

New findings by the mission to Titan, reported on Wednesday by the European Space Agency (ESA), say Saturn's orange moon has hundreds of times more liquid hydrocarbons than all the known oil and natural gas reserves on Earth.

Tags: oil resources saturn space titan

Posted by: keulenae

globeandmail.com: An empire from a tub of goo

Sat, 02 Feb 2008 13:16:29 -0000

Comments:

Are high energy prices good or bad? Another piece of the puzzle. posted by keulenae

Highlights and Sticky Notes:

Or as Mr. Smith jokes: “It only took 40 years to become an overnight success.”

Now, oil production in northern Alberta is expected to quadruple to more than four million barrels a day by about 2020, if all the projects proposed go ahead.

The oil sands are seen as a crucial source in a world of increasingly tight supply, where many reserves are in politically volatile regions controlled by undemocratic states. Put another way: Should they disappear tomorrow, one industry expert estimates, the price of oil could jump a third to $130 a barrel.

Tags: canada oil tar sands

Posted by: keulenae