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Energy Net

Why Won't Big Oil Subsidies Die? : TreeHugger - 5 views

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    "Obama tried cutting oil subsidies in his very first federal budget proposal, and it didn't fly. He and the Democratic members of Congress tried again earlier this year, hoping that the Tea Party's incessant yelling for spending cuts would translate into Congressional support for one of the most obvious spending cuts in the history of spending cuts. But no such luck. And get this: The true amount we pay in oil subsidies is waaaaaaaaaaaaay more than $4 billion a year. In fact, the far-right libertarian think tank the Cato Institute once calculated the true cost of subsidizing oil to be in the range of $78-150 billion -- yep, billion -- per year. A lot of these expenditures come from the massive amount of security needed to protect oil, both at its source in volatile regions and along international shipping routes 'round the world. The US gov expends much effort and capital to help safeguard the oil companies' product and operations -- it's in the national interest, after all, that everyone be able to continue purchasing Exxon gasoline. So you'd think that paring a comparatively meager $4 billio"
Energy Net

Global energy giants win contracts for 2 Iraqi oil fields _English_Xinhua - 0 views

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    The world's leading energy companies won rights to develop two major oil fields in Iraq at an auction on Friday. Royal Dutch Shell and Malaysia's Petronas were awarded the contract to exploit the Majnoon oil field in southern Iraq, one of the world's largest untapped oil fields with more than 12 billion barrels of proven reserves. They accepted a fee of 1.39 U.S. dollars per barrel.
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    The world's leading energy companies won rights to develop two major oil fields in Iraq at an auction on Friday. Royal Dutch Shell and Malaysia's Petronas were awarded the contract to exploit the Majnoon oil field in southern Iraq, one of the world's largest untapped oil fields with more than 12 billion barrels of proven reserves. They accepted a fee of 1.39 U.S. dollars per barrel.
Energy Net

AFP: Wildcat strikes spread at British power plants - 0 views

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    Wildcat strikes spread to oil refineries and power plants across Britain on Tuesday, after hundreds of workers were sacked, media reports and company officials said. Thousands of workers demonstrated outside the Lindsey terminal in Lincolnshire, northeastern England, where almost 650 contract workers were sacked by French oil giant Total last week. "As far as we are concerned, they are victimised and locked-out people, and it is an official dispute from the moment those notices arrived," said Paul Kenny, head of the GMB union. In a statement, Total called for unions to resume talks over the sacking of 647 workers. "Total is actively encouraging talks to be opened between its contractors and the unions about how to facilitate the return to work of its contracting companies? former workforces," the French company said.
Energy Net

The Cost of Energy » Blog Archive » Document alert: BP's Stats - 0 views

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    Yes, my fellow energy and enviro geeks, it's true: BP's annual release of their Statistical Review of World Energy is out. I'll pause for a moment while you run around your office or home, leaping and cheering like a maniac.
Energy Net

Oil Giant Shell on Trial for Nigerian Environmentalist Saro-Wiwa's Execution : Red, Gre... - 0 views

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    On May 27, 2009, Shell will stand trial for collaboration and complicity in Saro-Wiwa's murder. 14 years after his execution, Ken Saro-Wiwa's sons Ken and Owens Wiwa are the plaintiffs in Wiwa v Shell. Saro-Wiwa was convicted by a military tribunal in 1995. He was not given proper legal representation, a fair trial, or the right to appeal the court's ruling. Saro-Wiwa led the Movement for Survival of Ogoni People (MOSOP) and alerted the world to the atrocities against human rights, as well as the environment degradation being committed by big oil companies in Nigeria. The Ogoni Nine were hanged based on "trumped-up charges", in which Shell is accused of collaborating with Nigerian authorities. Shell's official statement on human rights in Nigeria is:
Energy Net

Peak Energy: Even If Oil Hits $90, OPEC Won't Increase Production - 0 views

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    The Business Insider reports that OPEC is expecting oil at US$75 a barrel by the end of the year - Even If Oil Hits $90, OPEC Won't Increase Production. Oil prices could reach $80-$90 a barrel by early next year, but OPEC will not increase its output until a huge amount of over-supply has been absorbed, the group's Secretary General said on Tuesday. OPEC officials have been nudging up their price aspirations since Saudi Arabia's oil minister said last week an oil price of around $75 could be achieved later this year and would not undermine a tentative global economic recovery. "The price will go to $80-$90 maybe at the beginning of 2010," OPEC's Abdullah al-Badri told the Reuters Global Energy Summit. "I don't think the price will go down... By the end of the year we'll see $75. $80-$85 is possible -- not with the demand we see at this time, but if demand picks up month after month, then maybe we'll see this price."
Energy Net

Cost of Energy » Document alert: The true cost of the US's oil addiction - 1 views

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    Some days you have to wonder if everyone who's been sounding the alarm about oil issues for years have been right all along, and the rest of the world, including the US power structure, is just now playing catch-up. At least that's the thought I had when I read BusinessWeek's U.S. Reliance on Oil an 'Urgent Threat': A group of retired senior U.S. military officers has concluded that the country's reliance on fossil fuels undermines its capacity to defend itself. Citing a "serious and urgent threat to national security," the group has urged the Pentagon to take the lead in shifting to a new age in energy.
Paula Hay

The Renewables Hump: Introduction | Jeff Vail - 0 views

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    This post is the first in a series on structural problems of transitioning to renewable energy. Broadly labeled "The Renewables Hump," this series will address net energy, scalability, bootstrapping, and time-frame considerations involved in such a transition.
anonymous

What Happens When An Oil Well Is Drilled On Your Land - 0 views

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    Tips on leasing your land for oil and gas drilling and what to be careful of.
anonymous

Current Rig Count and Inflation Adjusted Price Of Oil - 0 views

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    Current worldwide rig count and U.S. Rig count, Middle East, Canada. Number of active drilling rigs. Inflation adjusted price of crude oil
Energy Net

Officials in Three States Pin Water Woes on Gas Drilling - ProPublica - 0 views

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    Norma Fiorentino's drinking water well was a time bomb. For weeks, workers in her small northeastern Pennsylvania town had been plumbing natural gas deposits from a drilling rig a few hundred yards away. They cracked the earth and pumped in fluids to force the gas out. Somehow, stray gas worked into tiny crevasses in the rock, leaking upward into the aquifer and slipping quietly into Fiorentino's well. Then, according to the state's working theory, a motorized pump turned on in her well house, flicked a spark and caused a New Year's morning blast that tossed aside a concrete slab weighing several thousand pounds.
Energy Net

Court Blocks Drilling in Polar Bear Habitat : Red, Green, and Blue - 0 views

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    A federal appeals court today rejected Bush administration plans to expand offshore drilling in Alaska. The three-judge panel agreed with environmentalists, saying the Bush-era Department of Interior's plan to open drilling in Alaska's Chukchi and Beaufort Seas failed to consider impacts on marine life and the environment. The court has ordered the Interior Department, now run by Ken Salazar, to conduct a proper analysis of environmental impacts and risks before moving ahead with any plans for offshore drilling in these sensitive areas. The Chukchi and Beaufort Seas are home to approximately one-tenth of the world's total polar bear population, along with walruses, seals, and whales.
Energy Net

Sustainable Ecosystems and Community News: ENN -- Know Your Environment - 0 views

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    Last week, Secretary of the Interior, Ken Salazar, hosted the last of 4 public forums around the country to gather input on offshore drilling and offshore renewable energy development. Choosing to end in San Francisco means he is going back to Washington with a resounding "No" in his ears. "No" to offshore drilling and "Yes" to investing in renewable energy, and any other new green technology San Francisco start-ups can figure out. All the California elected officials on the dais (Boxer, Lee, Speire, Napolitano, Woolsey, Lt Governor Garamendi) and Oregon governor Kulongoski made very clear, and sometimes even passionate, statements to the effect that CA needs and values its coastline the way it is, and the potential output of oil (estimated 1% of US daily consumption by 2030) comes no where near to justifying the risk posed to its economy and ecosystem.
Energy Net

Peak Energy: Enjoy the cheap petrol, while it lasts - 0 views

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    Articles in the mainstream press about peak oil are pretty rare these days, but the SMH has one on the subject that never mentions the phrase (and flippantly dismisses Iraqi oil on the way) - Enjoy the cheap petrol, while it lasts. With demand on the rise, existing wells drying up and a dearth of big discoveries, the oil price is only headed in one direction. IN July 2008, the oil price hit a record high of $US147 a barrel. In its journey from the lows of 1998 to the highs of last year, many reasons were put forward for its ascent. Explanations included a so-called "war premium" , "a terrorist premium", hurricanes and evil speculators - the list of things and people to blame for the rise in oil prices was long. As the price rose, calls were made by political leaders and interest groups for oil producers to lift production and for a cut in taxes on oil and petroleum. Accusations of price gouging and profiteering by oil companies and producers soon emerged.
Energy Net

Peak Energy: The Canadian Oil Boom - 0 views

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    Next month's edition of National Geographic has an article on the tar sands of Canada - The Canadian Oil Boom. How long the boom lasts if the current downturn continues is questionable of course. In the same issue is an article on Energy Conservation. In Boucher's memory, though, the change begins that day in 1963, on the long trail his grandfather used to set his traps, near a place called Mildred Lake. Generations of his ancestors had worked that trapline. "These trails had been here thousands of years," Boucher said one day last summer, sitting in his spacious and tasteful corner office in Fort McKay. His golf putter stood in one corner; Mozart played softly on the stereo. "And that day, all of a sudden, we came upon this clearing. A huge clearing. There had been no notice. In the 1970s they went in and tore down my grandfather's cabin-with no notice or discussion." That was Boucher's first encounter with the oil sands industry. It's an industry that has utterly transformed this part of northeastern Alberta in just the past few years, with astonishing speed. Boucher is surrounded by it now and immersed in it himself.
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