Energy Wars

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."

Scientists, environmentalists and government and industry officials from around the world meet this week for a summit on greenhouse gas emissions that their host, Gov. Arnold Schwarzenegger, hopes will highlight the economic benefits of pursuing green technologies. The conference, which begins Tuesday in Beverly Hills with some 700 participants expected, is an attempt by the Republican governor to influence a U.N. gathering in Poland next month.

Just what does it take before a revolutionary discovery is accepted by the world's scientific community? That's the question raised by renewed claims by a US-based company to have found a radically new source of energy. According to BlackLight Power (BLP) of New Jersey, prototypes of its latest power generators have just been successfully tested by a team of independent experts. As the generators are environmentally-friendly and produce energy at less than a quarter the cost of conventional sources, one might expect scientists to be hailing this breakthrough. But there's one small problem: the supposed source of the power defies conventional theories about the nature of atoms.

Pilot Program is First In NYS to Provide Funds to Help New York's Neediest Heat With Oil More Efficiently as Winter Sets In Measures Can Save Low-Income Households Up to $1,000 Annually on Heating Bills Funding Provided by Cuomo's Record Settlement with American Electric Power Last Year NEW YORK, N.Y. (November 10, 2008) - Attorney General Andrew M. Cuomo today announced a new program created by his office that will deliver $1.9 million to New York's neediest families to help them cope with the high cost of home heating oil. The Oil Efficiency Pilot Program is a first-ever initiative in New York to help low-income households heating with oil to pay for heating upgrades and weatherization. These measures can cut average household heating costs by as much as $1,000 annually, while reducing smog, acid rain and global warming pollution.

Building an alt-energy power plant is risky and expensive, but thanks to a new ruling by an Environmental Protection Agency panel, building a coal plant may become riskier and more expensive. The Environmental Appeals Board blocked the EPA from issuing a permit to a proposed coal plant addition near Vernal, Utah, about 150 miles east of Salt Lake City.

Around 100 Greenpeace activists have occupied a construction site in Rotterdam's harbor to protest against a coal-fired power plant German energy giant E.ON AG is building there. The environmental group says it hopes to force E.ON to change its plans and build a plant that will release less carbon dioxide.

It's a common misconception: The United States imports most of its foreign oil from the Middle East. Not quite. Not even close. As the table below indicates, dependence on oil from the Persian Gulf represents barely 10 percent of total domestic oil consumption, and most of that oil comes from Saudi Arabia and Iraq.

Barack Obama has said that energy is going to be one of his top priorities. I believe he is completely sincere about this and that energy will get a lot of attention early on in his administration. I believe he is committed to moving the U.S. toward energy independence and a greener energy future. However, one can recognize energy as an important priority, yet sharply differ on the policy direction that is needed. For instance, some may have energy as a high priority because they feel that gasoline is too expensive. Their priority may be to keep gasoline prices low so people's budgets aren't adversely impacted by their fuel bills. Some can see energy as a top priority, and yet promote solutions like suing OPEC for more oil.

It's a nice motto and all, but when it comes to harvesting those rays through rooftop solar panels, Florida might as well coat itself in sunblock. Three myths have put Florida in the dark: * Expensive: An average photovoltaic rooftop system on a home costs $20,000 to $30,000. The federal government offers tax credits, though, and Florida offers cash rebates so popular that a backlog of homeowners are waiting for theirs.

Congress will not act until 2010 on a bill to limit the heat-trapping gases blamed for global warming despite President-elect Obama's declaration that he will move quickly to address climate change, the chairman of the Senate Energy Committee predicted Wednesday. Sen. Jeff Bingaman, D-N.M., said that while every effort should be made to cap greenhouse gases, the economic crisis, the transition to a new administration and the complexity of setting up a nationwide market for carbon pollution permits preclude acting in 2009.

"Even if oil demand was to remain flat to 2030, 45m bpd of gross capacity - roughly four times the current capacity of Saudi Arabia - would need to be built by 2030 just to offset the effect of oilfield decline", according to Nobuo Tanaka, executive director of the IEA, speaking at a news conference in London. Oil reached a record peak of more than $147 a barrel in July, but has fallen back below $60, a drop of more than 50pc. Given the high cost of bringing on new output and the struggle to match supplies with demand, the IEA has assumed consumers will pay an average of $100 a barrel for oil over the next seven years and more beyond that. "Current trends in energy supply and consumption are patently unsustainable - environmentally, economically and socially - they can and must be altered," said Mr Tanaka. * o Text Size o click here to increase the text size o click here to decrease the text size * Email this article * Print this article * Share this article o delicious o Digg o Facebook o Fark o Google o Newsvine o NowPublic o Reddit o StumbleUpon http://www.telegraph.co.uk/finance/newsbysector/energy/oilandgas/3448385/Credit-crunch-risks-world-oil-supply.html Related Content * More on Oil and Gas More on ... Oil and Gas Get feed updates Finance Get feed updates Energy Get feed updates telegraph tools Switch Utilities Save on fuel bills Search the market for the best prices on gas and electricity. Telegraph Utilities Comparison Service Advertisement telegraph financial partners Investment solutions * Investor services * Portfolio management * Investing for income guide * Inheritance tax advice * Reader guides Finance most viewed * TODAY * PAST WEEK * PAST MONTH 1. Row breaks out at easyJet 2. Abandon all hope once you enter deflation 3. B

Fact Sheet: The United States and Caspian Energy Security * The U.S. continues to support multiple, independent and commercially-viable export routes to global markets for Caspian energy. * The U.S. government encourages Caspian countries to increase regional cooperation to develop energy solutions for the region. * Southern Corridor energy export routes will give Turkish and European consumers greater freedom of choice, increase competition and bring additional and diverse energy supplies to market, thus augmenting global energy security. * Since becoming independent in 1991, the former Soviet Republics of the Caspian region have attracted significant international investment in its oil and natural gas reserves, making it an important source of energy exports. * The Caspian region produces roughly 2.8 million barrels per day (bbl/d). * The Caspian region has significant natural gas resources, making it an ideal source for diversification of the European market. * Continued investment by international firms, bringing management expertise and technological advantages, is crucial to expanding energy production and increasing benefits to the host countries. * Diversity of supplies, suppliers and supply routes is a key component to enhancing global energy security.

With research, development and implementation of alternative and renewable energy sources pushed to the front-burner, attention has naturally turned to nuclear power. But if nuclear power is to become more of a player in our energy future, the problem of where to dispose of nuclear waste must be addressed and solutions found.

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.

Alaska has enough natural gas trapped in ice formations beneath permanently frozen subsoil and offshore to heat more than 100 million homes for a decade, a U.S. report estimated. Hydrates, crystalline structures consisting of gas and water locked below the permafrost, contain 85.4 trillion cubic feet of natural gas, the Interior Department's U.S. Geological Survey said in a report released today. "The hydrates have more potential for energy than all other fossil fuels combined," Interior Secretary Dirk Kempthorne said in a news conference. "This is a huge resource for energy, and one cannot overstate that."

Barack Obama's election has members of the alternative energy world sounding positively giddy, an enthusiasm not shared by their competitors in the oil industry. Obama's energy plans read like a wish list for the companies that make solar cells, wind turbines or alternative fuels. He wants to pump money into energy research and force all electric utilities to use renewable power. He has proposed creating a cap-and-trade system that would put a price on the greenhouse gas emissions that come from burning fossil fuels.

TomDispatch has a new article from Michael Klare on peak oil and America's upcoming energy challenges - America's Energy Crunch Comes Home. No other major power relies on getting so much of its energy from oil. Making that 40% figure especially daunting is this: the world supply of oil is about to contract. The competition for remaining supplies will then intensify, while most of what remains is located in inherently unstable regions, threatening to lead the U.S. into unceasing oil wars. Just how much of the world's untapped oil supply remains to be exploited, and how quickly we will reach a peak of sustainable daily world oil output, are matters of some contention, but recently the scope of debate on this question has narrowed appreciably.

I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil - Alan Greenspan (2007) The Guardian had an interesting article recently on the auction of 40 billion barrels of Iraqi oil reserves. The biggest ever sale of oil assets will take place today, when the Iraqi government puts 40bn barrels of recoverable reserves up for offer in London. BP, Shell and ExxonMobil are all expected to attend a meeting at the Park Lane Hotel in Mayfair with the Iraqi oil minister, Hussein al-Shahristani. Access is being given to eight fields, representing about 40% of the Middle Eastern nation's reserves, at a time when the country remains under occupation by US and British forces. Two smaller agreements have already been signed with Shell and the China National Petroleum Corporation, but today's sale will ignite arguments over whether the overthrow of Saddam Hussein was a "war for oil" that is now to be consummated by western multinationals seizing control of strategic Iraqi reserves.

Reuters reports that an executive of French oil company Total expects oil production to peak before the end of the next decade - and wants the company to move into nuclear power in the post-oil age (something Bucky Fuller predicted would be the next step for the oil industry) - Total sees nuclear energy for growth after peak oil. French oil and gas giant Total (TOTF.PA: Quote, Profile, Research, Stock Buzz) is targeting nuclear energy to drive growth long after oil and gas output peak, a top executive said on Monday. "In the future, energy demand will be constrained by tight supply," Arnaud Chaperon, Total's senior vice president for electricity and new energies, said in a presentation to a nuclear energy conference in Qatar. "Oil and gas will still play a big role in the energy balance. But in the electrification of the world economy, nuclear will play a major role, together with the development of solar and other renewables ... That is why Total is very interested in developing nuclear and renewables."