Group items matching

in title, tags, annotations or url

My top 10 oil industry stories of 2008: 1. Crude prices soar in 1H, WTI tops $147, Brent right behind 2. Prices collapse below $50 in 2H as demand retreats 3. Ethanol's struggles: VeraSun bankruptcy, others barely profitable, spreads collapse 4. Push begins to lift offshore drilling ban in us; Obama and McCain differ on approach 5. Capital crunch and low prices lead to deferred investment 6. Shale gas supply in us surges, a new factor in supply/demand balance 7. Credit crunch slows activity for once free-wheeling traders 8. Diesel surges, gasoline/naphtha plunge; traditional cracks skewed 9. Russian oil output to fall in 2008, first time in a decade 10. Brazil subsalt finds continue to lift nation's upstream prospects

Think switching to solar energy will make you green? Think again. Many of the newest solar panels are manufactured with a gas that is 17,000 times more potent than carbon dioxide in contributing to global warming. Nitrogen trifluoride, or NF3, is used for cleaning microcircuits during the manufacture of a host of modern electronics, including flat-screen TVs, iPhones, computer chips-and thin-film solar panels, the latest (and cheapest) generation of solar photovoltaics. (Time named the panels one of the best inventions of 2008.) Because industry estimates suggested that only about 2 percent of NF3 ever made it into the atmosphere, the chemical has been marketed as a cleaner alternative to other higher-emitting options. For the past decade, the U.S. Environmental Protection Agency has actively encouraged its use. NF3 also wasn't deemed dangerous enough to be covered by the Kyoto Protocol, making it an attractive substitute for companies and signatory countries eager to lower their emissions footprints.

The Washington Post has an article on forces encouraging and opposing renewable energy in the US - Alternative Energy Still Facing Headwinds. I like that Obama is still USing his "end the tyranny of oil in our time" line. The late afternoon light is shining golden on the high chaparral as Donna Tisdale stands near a faded 1800s ranch hoUSe, scans the unblemished surrounding hills and sees trouble on the horizon. "The ridge right there will have turbines on it," she says, squinting west into the setting sun. Turning north and east, where a pristine ridgeline meets the sky, she points out the route of a $1.9 billion electricity transmission line whose 150-foot towers will march 123 miles from the Imperial Valley to energy-thirsty San Diego.

Using fully stock production gasoline engine powered vehicles, with engine modifications limited only to changes in fuel mixture and ignition timing, Shell Oil Company served host to an open competition in automobile efficiency. The fruit of their forum was sweet indeed as a two-door, full-sized production car was able to drive off with the prize by achieving 376.59 miles in normal driving conditions Using a single gallon of fuel. A more heavily modified vehicle was able to achieve over 1140 miles on a single gallon of fuel. Results like these are truly astounding and beg the question: Are we really getting all we can in efficiency from auto makers?

The last couple of days have given us major announcements of electric car infrastructure projects. As the keynote speaker at the L.A. Auto Show, Nissan (NSANY) CEO Carlos Ghosn announced a partnership with the Oregon Transportation Department and Portland General Electric to install charging stations around the state. Nissan will provide a fleet of electric vehicles to the state, and Oregon will offer a tax credit to buyers of electric vehicles. The mayors of San Francisco, Oakland, and San Jose met with Shai Agassi, CEO of Better Place, an electric car infrastructure company. The mayors announced at the meeting that they will roll out policies in December to promote the purchase and use of electric cars in the Bay Area, such as the expediting of permits for the installation of charging stations. They are also hinting at tax incentives, although no details have been released. Better Place hopes to have the first round of charging infrastructure in place in 2010. Better Place's first two clients are Israel and Denmark, and a deal is pending with the state of Hawaii.

Got your attention now? That amount of oil equivalent, three cubic miles, is how much the world uses in a year if you take into account all sources of energy, says Ripudaman Malhotra of SRI International's Chemical Science and Technology Laboratory in Greentech Media. What's more, is that by 2050 at current rates of increase the world will consume nine cubic miles of oil. Pretty sobering, but what is more sobering (it does indeed feel like cold water thrown on the renewable energy industry) is that to replace that amount of energy usage with renewable sources is nigh impossible. Here's Malhotra on the challenge laid before us in a nutshell:

THE graphs climbing across these pages (see graph in detail, or explore the data) are a stark reminder of the crisis facing our planet. Consumption of resources is rising rapidly, biodiversity is plummeting and just about every measure shows humans affecting Earth on a vast scale. Most of us accept the need for a more sustainable way to live, by reducing carbon emissions, developing renewable technology and increasing energy efficiency. But are these efforts to save the planet doomed? A growing band of experts are looking at figures like these and arguing that personal carbon virtue and collective environmentalism are futile as long as our economic system is built on the assumption of growth. The science tells us that if we are serious about saving Earth, we must reshape our economy.

Here is a rundown of rules and regulations that the Bush administration is pushing through the rulemaking process in its waning days. We will update the list regularly by adding new rules, inserting links to breaking news on each rule, and tracking each rule through the rulemaking process. If you know of other rules we should add to this list, please send us an email here. You can use our tip-sheet to get started on your rules research.

Many local authorities use commingling - which sounds like more fun than it is, all it means is that co-mingled collections are the ones where previously separated waste is crushed together in the back of a dustcart. Once this happens, it's almost impossible to separate the recycled materials again, so what happens to the waste? Often it's taken to Materials Recovery Facilities where large amounts of energy are used to try and separate the waste again. Or it's shipped to India and spread out in fields where people then try to hand pick it back to the original categories. But it's also often just … dumped in landfill. Precisely what we were told recycling was going to stop in the first place.

Just days before a scheduled Board of Supervisors' vote Tuesday on a "clean energy" plan, Pacific Gas and Electric Co. submitted a brief summary of its proposal to join with local governments to boost use of renewable energy. The PG&E summary, which contained few details, was submitted to the county on Friday in advance of supervisors' decision on whether to join a Marin County joint powers authority that would compete with PG&E for Marin customers. Supporters of the Marin Clean Energy initiative say the authority would match PG&E's rates while substantially reducing use of nonrenewable, "dirty" energy required to meet Marin County's energy needs.

Hurricane IKE seems to be a spent force now and the impact it has had on Texas oil refineries is staring to become apparent. Jim Brown at Right Side Advisers reports that there may be some petrol shortages as a result - Hurricane Hangover, Shortages Ahead. Ike's sudden left turn just before it made landfall meant that the 13 refineries in Houston escaped the brunt of the hurricane's force. All are reporting they sustained no material damage and will begin the restart process as soon as power is restored. That could be a week to ten days before power is stable and another 2-3 days to restart. This suggests there could be a serious problem for refined products like gasoline and diesel. ... Drivers across the southwest were already facing long lines and prices higher by as much as 25 cents a gallon in some states. Federal officials are preparing for a prolonged disruption in fuel supplies. According to EIA data gasoline inventories the week Gustav hit were at the lowest level since 2000 at 187.9 million barrels or 21 days of supply. Much of that inventory is required just to keep the pipeline full and cannot be used. Pipelines only run when they are full. There are thousands of pumps along the way that require product in order to run. If allowed to run dry the pipeline would cease to function and require a lengthy restart period. Basically product only flows out when new product is pushed in thousands of miles away.

The world is heading for an "ecological credit crunch" far worse than the current financial crisis because humans are over-using the natural resources of the planet, an international study warns today. The Living Planet report calculates that humans are using 30% more resources than the Earth can replenish each year, which is leading to deforestation, degraded soils, polluted air and water, and dramatic declines in numbers of fish and other species. As a result, we are running up an ecological debt of $4tr (£2.5tr) to $4.5tr every year - double the estimated losses made by the world's financial institutions as a result of the credit crisis - say the report's authors, led by the conservation group WWF, formerly the World Wildlife Fund.

The US EPA has updated its 2009 Fuel Economy Guide, a very USeful guide for car shoppers or anyone who wants to win bets at their local energy geek bar. The home page for the document (with links to the editions for prior years and related material) is here, or you can directly download the 674KB PDF here.

From SUV's to long commutes, the American lifestyle is based on cheap gasoline. Cheap energy allows us to live far away from our jobs and to engage in conspicuous consumption contests based on who has the biggest automobile. Now, gas prices have skyrocketed, and higher prices at the pump are hitting us where it hurts. Since we also have a presidential election coming up in November, our pain at the pump has been hijacked and turned into a political issue. There are no quick-and-easy solutions to high gas prices, but the Republican candidate, John McCain, is promoting opening up our coasts to offshore drilling as just that: an easy solution that will result in immediate relief.

* 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.

Gail's recent post on the fragility of the US distribution system and the shortages that will be imposed by refinery outages, is a reminder of our dependence on pipelines for supply. The dependence is not jUSt in the US, though the debate over the reality of a new gas pipeline from Alaska to the lower 48 rumbles along as a part of the election debate.

There are 98 oil producing countries in the world, which makes it seem as if we should have a lot of choices in our sources. However, 68 of those countries have, like the United States, passed peak production. 60 of them are in terminal decline. That means that the remaining 30 will have more, and more, and more control every single day that we continue to use oil. If we want to reduce our demand for foreign oil, there is exactly one way in which it can be done: use less oil.

One thing has been driving me crazy about this drilling debate - everyone seems to assume that if we drill for oil in the US, that we will get the oil. And hence, we won't be dependent on foreign oil anymore. But we won't get anything, Exxon-Mobil will. The oil that comes from that drilling will not be United States property (Republicans aren't suggesting we nationalize the oil companies, are they?). It will be the property of whichever oil company got the rights to that contract. They can then sell it to whoever they like - and they will. They will sell it on the world market, so the Chinese will have jUSt as much access to the oil that comes out of the coast of Florida as we will.

This is a wonderful clip. Matt Simmons is the author of 'Twighlight in the Desert', is a leading US investment banker, and a long-term advocate of the peak oil argument. When he was asked to go on CNBC's 'Fast Money' to discUSs the high oil prices, he clearly stunned the presenters with his forthright analysis of society's current periloUS situation. When asked if $147 a barrel is a 'wake up call' he replied "yes, but we're not having a wake up call, we're having a witch hunt for who got US here", a succinct analysis of the current world situation. What was especially fascinating to watch was when he was asked for his prognosis of the near future.

At 10 a.m. on April 4, 2001, representatives of 13 environmental groups were brought into the Old Executive Office Building for a long-anticipated meeting. Since late January, a task force headed by Vice President Cheney had been busy drawing up a new national energy policy, and the groups were getting their one chance to be heard. Cheney was not there, but so many environmentalists were in the room that introductions took up "about half the meeting," recalled Erich Pica of Friends of the Earth. Anna Aurilio of the U.S. Public Interest Group said, "It was clear to us that they were just being nice to us."