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BBC NEWS | Mexico shuts troubled energy firm - 0 views

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    Mexico has closed a state-run energy distribution firm with about 40,000 employees and 25 million customers, blaming the scale of its losses. Federal police seized the offices of Luz y Fuerza del Centro. Spending at the company was increasingly outpacing sales, according to the government. The firm faced an "unsustainable financial situation", President Felipe Calderon said. Mexico is trying to cut public spending to offset falling oil revenues.
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    Mexico has closed a state-run energy distribution firm with about 40,000 employees and 25 million customers, blaming the scale of its losses. Federal police seized the offices of Luz y Fuerza del Centro. Spending at the company was increasingly outpacing sales, according to the government. The firm faced an "unsustainable financial situation", President Felipe Calderon said. Mexico is trying to cut public spending to offset falling oil revenues.
Energy Net

AFP: Medvedev urges global eco-disaster fund - 0 views

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    "Russian President Dmitry Medvedev on Saturday called for a global fund to fight ecological catastrophes like the Gulf of Mexico oil spill, as he sought to burnish his credentials as a green leader. Admitting that Russia itself was lagging behind other countries in its standards of environmental protection, he also said Russians should feel free to protest against the authorities on environmental issues. Medvedev said that the oil spill from the BP-leased Deepwater Horizon rig in the Gulf of Mexico -- the worst in US history -- had showed that the world had been unable to imagine the scale of such catastrophes."
Energy Net

Independent: URI granted permit - 0 views

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    This may be the beginning of a bright new future for uranium mining in New Mexico. Uranium Resources, Inc., announced that the Mining and Minerals Division of the New Mexico Energy, Minerals and Natural Resources Department granted the company a permit to conduct exploratory drilling in the Ambrosia Lake area, where the company has approximately 2.4 million pounds of mineralized uranium material combined on several sections. The permit allows URI to drill 10 uranium exploratory holes about six miles west of the village of San Mateo.
Energy Net

#217 The End Is Nigh | Richard Heinberg - 1 views

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    "Following the failure of the latest efforts to plug the gushing leak from BP's Deepwater Horizon oil well in the Gulf of Mexico, and amid warnings that oil could continue to flow for another two months or more, perhaps it's a good time to step back a moment mentally and look at the bigger picture-the context of our human history of resource extraction-to see how current events reveal deeper trends that will have even greater and longer-lasting significance. Much of what follows may seem obvious to some readers, pedantic to others. But very few people seem to have much of a grasp of the basic technological, economic, and environmental issues that arise as resource extraction proceeds, and as a society adapts to depletion of its resource base. So, at the risk of boring the daylights out of those already familiar with the history of extractive industries, here follows a spotlighting of relevant issues, with the events in the Gulf of Mexico ever-present in the wings and poised to take center stage as the subject of some later comments. Readers in the "already familiar" category can skip straight to part 5. "
Energy Net

Greens thwart oil/gas development in sensitive areas - New Mexico Business Weekly: - 0 views

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    When Barack Obama spoke in Albuquerque on Oct. 27, Nathan Newcomer, associate director of the New Mexico Wilderness Alliance, gave congressional candidate Martin Heinrich a gift for the presidential candidate. The gift was a book - "Otero Mesa: Preserving America's Wildest Grassland." It was not a book to go on Obama's coffee table but one Newcomer hoped might influence his energy policy.
Energy Net

$200 Oil and the Hole That Could Swallow Mexico - 0 views

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    For 16 days, they blockaded the halls of congress. For 16 days, they chanted in the streets. Until finally, victory was theirs… the bill was struck down, the enemy bested. They sang the national anthem and raised their fists in victory. Senator Carlos Navarrete, leftist leader of the Mexican senate, was especially joyful. "We triumphed! We triumphed!"he said.
Energy Net

Top World Oil Producers, Exporters, Consumers, and Importers, 2006 - Infoplease.com - 0 views

  • 1 Total oil production  Exporters2 Net oilexports  Consumers3 Total oilconsumption  Importers4 Net oilimports  1. Saudi Arabia 10.72  1. Saudi Arabia 8.65  1. United States 20.59  1. United States 12.22  2. Russia 9.67  2. Russia 6.57  2. China 7.27  2. Japan 5.10  3. United States 8.37  3. Norway 2.54  3. Japan 5.22  3. China 3.44  4. Iran 4.12  4. Iran 2.52  4. Russia 3.10  4. Germany 2.48  5. Mexico 3.71  5. United Arab Emirates 2.52  5. Germany 2.63  5. South Korea 2.15  6. China 3.84  6. Venezuela 2.20  6. India 2.53  6. France 1.89  7. Canada 3.23  7. Kuwait 2.15  7. Canada 2.22  7. India 1.69  8. United Arab Emirates 2.94  8. Nigeria 2.15  8. Brazil 2.12  8. Italy 1.56  9. Venezuela 2.81  9. Algeria 1.85  9. South Korea 2.12  9. Spain 1.56 10. Norway 2.79 10. Mexico 1.68 10. Saudi Arabia 2.07 10. Taiwan 0.94 11. Kuwait 2.67 11. Libya 1.52 11. Mexico 2.03     12. Nigeria 2.44 12. Iraq 1.43  12. France  1.97     13. Brazil 2.16 13. Angola 1.36  13. United Kingdom  1.82     14. Iraq 2.01 14. Kazakhstan 1.11  14. Italy  1.71     NOTE: OPEC members in italics.
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    This is an important reference for anyone wanting to look at the number that are driving the current energy crisis.
Energy Net

AFP: Murky future seen for clean energy - 0 views

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    "President Barack Obama has vowed the Gulf of Mexico spill would speed the end of US dependence on fossil fuels, but experts doubt reality can match his rhetoric. "The tragedy unfolding on our coast is the most painful and powerful reminder yet that the time to embrace a clean energy future is now," Obama said in a primetime televised address from the Oval Office. Amid the worst environmental disaster in US history, supporters of renewable energy had hoped images of sullied coasts and dramatic engineering failings would spark just such a revolution: the beginning of the end for fossil fuels."
Energy Net

Media flirting with peak oil following Gulf spill | Energy Bulletin - 0 views

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    "The ongoing Gulf of Mexico oil disaster is bringing the mainstream media a little closer to the peak oil debate. It's been out there on the business pages for a while, but it is beginning to make its way into news pages - via comment columns, and in a roundabout way, of course. It's still at the flirtatious stage, but its beginning. It's a hot topic, and few mainstream writers are actually throwing their weight behind the concept of Hubbert's peak (M King Hubbert, left). Right now, they are mentioning peak oil to deny it, but doing so with words that clearly agree with the concepts behind the issue. Perhaps it's a coded way of informing people in the know that the writer is in on the bigger picture, but can't actually come out and say it. Or at least not right away."
Energy Net

Drill for Natural Gas, Pollute Water: Scientific American - 0 views

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    The natural gas industry refuses to reveal what is in the mixture of chemicals used to drill for the fossil fuel State regulators and Washington lawmakers though are increasingly impatient with voluntary measures and are seeking to toughen their oversight. In September U.S. Congresswoman Diana DeGette and Congressman John Salazar, from Colorado, and Congressman Maurice Hinchey, from New York, introduced a bill that would undo the exemptions in the 2005 Energy Policy Act. Wyoming, widely known for supporting energy development, has begun updating its regulations at a local level, as have parts of Texas. New Mexico has placed a one year moratorium on drilling around Santa Fe, after a survey found hundreds of cases of water contamination from unlined pits where fracking fluids and other drilling wastes are stored. "Every rule that we have improved . . . industry has taken us to court on," said Joanna Prukop, New Mexico's cabinet secretary for Energy Minerals and Natural Resources. "It's industry that is fighting us on every front as we try to improve our government enforcement, protection, and compliance… We wear Kevlar these days."
Energy Net

Key provisions of House energy bill - Yahoo! News - 0 views

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    * Opens federal waters beyond 50 miles from shore along the Atlantic and Pacific coasts to oil and gas drilling, ending drilling bans that have been in effect for 26 years. States would have to agree to drilling for areas between 50 and 100 miles from land. * Rolls back $18 billion in tax breaks for the five largest oil companies and requires energy companies to pay billions of dollars in additional royalties from oil taken from the deep water areas of the Gulf of Mexico under questionable leases issued in the late 1990s. * Requires the release of 70 million barrels of oil from the government's Strategic Petroleum Reserve to put more oil on the market and lower gasoline prices. * Makes it a federal crime for oil companies holding federal leases to provide gifts to government employees, a response to a recent sex and drug scandal involving the federal office that oversees the offshore oil royalty program and energy company employees. * Provides tax credits for wind and solar energy industries, the development of cellulosic ethanol and other biofuels, and purchase of plug-in gas-electric hybrid cars. * Requires utilities to generate 15 percent of their electricity from solar, wind or other alternative energy source. * Gives tax breaks for new energy efficiency and conservation programs including the use of improved building codes low-interest loans for energy efficient homes, and for companies that promote their employees use of bicycles for commuting.
Energy Net

September 18, 2008: Drilling for Oil is Not the Answer - 0 views

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    # The United States consumes nearly 21 million barrels of petroleum per day (7.5 billion barrels per year), one fourth the world total. (1) # Of the crude oil consumed in the U.S., 66 percent is imported. (2) # The U.S. is on pace to spend over $500 billion on petroleum imports in 2008. (3) # U.S. oil production currently occurs onshore in the lower 48 states (2.9 million barrels per day (mbd)), offshore (1.4 mbd, primarily in the Gulf of Mexico), and in Alaska (0.7 mbd). (4)
Energy Net

Senators unveil bipartisan energy plan - Los Angeles Times - 0 views

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    In a possible breakthrough on energy, a bipartisan group of senators unveiled a compromise Friday that would preserve the oil-drilling ban off the West Coast while easing restrictions on exploration off the East Coast and in the Gulf of Mexico. The proposal also would provide billions to greatly expand the availability of vehicles powered by alternative fuels.
Energy Net

UPDATE: MMS:US Gulf Producers Shut In 77% Oil, 37% Gas Output - 0 views

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    The agency said personnel have been evacuated from a total of 223 production platforms, equivalent to 31.1% of the 717 manned platforms in the Gulf of Mexico. Most of the major producers, including the two largest - Royal Dutch Shell PLC (RDSA) and BP PLC (BP) have announced a total halt to offshore operations ahead of Gustav's arrival in the region. Others, including Chevron Corp. (CVX), have partially cut production linked to platforms shut down by other producers.
Energy Net

Newsvine - McCain touts drilling agenda from oil platform - 0 views

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    Republican presidential candidate John McCain visited this oil platform in the Gulf of Mexico on Tuesday to call for increased offshore drilling that he claims would lower the cost of food and heating homes.
Energy Net

Peak Oil: Association for the Study of Peak Oil & Gas - USA - Ignoring the Elephant in ... - 0 views

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    The disconnect between peak oil concerns and the presidential race is almost total. As prices at the pump rise, each candidate is now talking about their so-called solutions to the problem. Despite clear new warning signs from Russia, Saudi Arabia, Mexico, and Nigeria that peak oil is nigh, the candidates remain unwaveringly oblivious to the true causes of rising fuel prices, preferring instead to dwell on irrelevant-actually, counterproductive-measures like suspending the federal gas tax during the summer months or taxing Big Oil. This is akin to putting a band-aid on a melanoma.
Energy Net

Proposal to Link the Nation's Grid Sparks a Debate - NYTimes.com - 0 views

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    "The Tres Amigas transmission project in New Mexico, which seeks to link the nation's three power grids to share wind power across the United States, has attracted both eager allies and some determined foes. Scandia Wind Southwest LLC, a venture led by Norwegian wind power developers, has proposed to build an initial 2,250 megawatts of wind power in the Texas Panhandle, with a potential capacity of 10,000 MW. That amount of power, the equivalent of 10 large nuclear power plants, could move into the Eastern and Western grid interconnections, and to Texas' independent grid, over the Tres Amigas transmission linkage."
Energy Net

Public supports energy over environment: poll | Reuters - 0 views

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    "For the first time in 10 years Americans are more likely to say the United States should give more priority to developing oil, natural gas and coal than to protecting the environment, according to a poll on Tuesday. U.S. | Green Business The poll was conducted a few weeks before President Barack Obama announced he would open offshore oil drilling in some parts the U.S. East Coast, Alaska and the Gulf of Mexico. Half of 1,014 U.S. adults, who were surveyed March 4-7 by Gallup, said the country should give more priority to developing and producing the fossil fuels. Only 43 percent said protection of the environment should be given priority, even at the risk of limiting the amount of energy supplies."
Energy Net

Oil Spill-Fighting Fishermen Face Serious Health Risks (Video) : TreeHugger - 0 views

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    "Dr. Gina Solomon, a Senior Scientist with the NRDC is worried that fishermen enlisted to clean up oil may be unwittingly facing severe health risks. You see, in the effort to clean up the massive oil spill that's leeching across the Gulf of Mexico, BP has employed hundreds, if not thousands, of fishermen. Typically, they're equipped with booms, given a safety course, and then head out to tackle the spill. Problem is the oil itself, and the fumes it gives off, are toxic -- and the fishermen may not be getting the adequate gear to protect themselves from it. In this brief video, Dr. Solomon explains what risks the fishermen face, and what exactly they should be wearing. "
Energy Net

BBC News - US senators unveil climate change bill - 0 views

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    "US senators have unveiled details of a long-awaited bill on climate change - a key plank of President Barack Obama's domestic agenda. Senator John Kerry revealed that the bill proposes cutting US carbon emissions by 17% by 2020. He said he was aiming for the US to be the world's "clean-energy leader". The bill also includes provisions for relaxing rules on offshore oil-drilling - highly controversial in the wake of the huge Gulf of Mexico oil spill. "
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