Archive for the 'Energy' Category
China Down to 12 Days Worth of Coal
April 23rd, 2008Via: news.com.au: CHINA only has enough coal for 12 days of consumption, three days less than a month ago, state media reported Wednesday, sounding the alarm bells over the nation’s most important source of energy. In certain parts of China, such as densely populated Hebei province in the north, reserves are down to less than […]
Little Vertical Axis Wind Turbine System: $100
April 22nd, 2008Via: Wired: A group of volunteer engineers are finishing the design for a home-brewed wind turbine that will bring electricity to off-the-grid Guatemalan villages by this summer. After the U.S. engineers finish the design, local workers in the town of Quetzaltenango will manufacture the small-scale turbine. It will produce 10-15 watts of electricity, enough to […]
Scientists Unlock Frozen Natural Gas
April 21st, 2008Via: TheStar: A remote drilling rig high in the Mackenzie Delta has become the site of a breakthrough that could one day revolutionize the world’s energy supply. For the first time, Canadian and Japanese researchers have managed to efficiently produce a constant stream of natural gas from ice-like gas hydrates that, worldwide, dwarf all known […]
Possible UK Refinery Strike
April 21st, 2008Just in case UK readers aren’t already keeping an eye on this… Via: Bloomberg: U.K. Energy Minister Malcolm Wicks warned of “serious consequences” for Britain if a threatened strike at Scotland’s only oil refinery halts production by the end of the week. “The last thing the public wants is fuel shortages,” with prices at record […]
On Average, U.S. Military Units Pay $88 for Fuel, Per Day, Per Service Member in Iraq
April 21st, 2008Cui bono? Mmm hmm. Via: AP: Think you’re being gouged by Big Oil? U.S. troops in Iraq are paying almost as much as Americans back home, despite burning fuel at staggering rates in a war to stabilize a country known for its oil reserves. Military units pay an average of $3.23 a gallon for gasoline, […]
Japanese Oil Tanker Attacked Off Yemen
April 21st, 2008Monitoring… Via: Bloomberg: A Nippon Yusen K.K. crude oil tanker was fired upon by a small boat off the coast of Yemen. There were no injuries. The oil carrier named Takayama was hit at 4:40 a.m. Yemeni time by a “rocket-like weapon”, the Japanese Coast Guard said today in Tokyo. The vessel, which carries a […]
T Boone Pickens Will Build World’s Largest Wind Power Facility
April 19th, 2008Imagine my shock. Via: Guardian: T Boone Pickens is famous for thinking big. He founded his Texan oil company, Mesa Petroleum, in 1956 with just $2,500 (£1,200) in the bank. After a string of audacious takeovers he turned it into an independent empire that challenged the big oil companies, and today he is worth $3bn. […]
Russian Oil Production Drops
April 16th, 2008Via: AP / CNN: Russian oil production has dropped this year for the first time in a decade. The Prirazlomnoye oil well of Yuganskneftegaz, Yukos’ main production unit in western Siberia. The news is adding to market jitters with oil prices headed for new highs Tuesday. Analysts played down the significance of Russia’s first drop […]
Brazil Might Have Discovered Third Biggest Oil Reserve in the World
April 16th, 2008UPDATE: Petrobras Needs Three Months to Assess Carioca Field Via: Bloomberg: Petroleo Brasileiro SA, Brazil’s state-controlled oil company, needs at least three months to determine how much oil can be pumped from Carioca, an offshore field that a regulator said has reserves of 33 billion barrels. The estimate yesterday by Haroldo Lima, head of Brazil’s […]
Oil: New High Above $113
April 15th, 2008Oil prices flat since 2001… if priced in gold. HA Via: AP: Oil prices rose to new heights Tuesday, surging to almost $114 a barrel after the U.S. dollar fell and worries mounted about the global oil supply. A report from the International Energy Agency said Russian oil production dropped this year for the first […]
