U.S. OKs liquefied natural gas exports to Japan, others The United States said Friday it will allow exports of domestically produced liquefied natural gas to Japan and other countries to which it is not bound by free trade agreements, authorizing a plan to deliver shale and other gase...
News of the future was, in my youth, something that one found by crossing the palm of a lady in a dark tent with a piece or two of silver (or the modern equivalent) at one of the fairs that came to town. Such opportunities still exist, with all the caveats that existed back then likel...
Dmyers on Sat, 18th May 2013 11:42 pm The assumption, present here, that natural gas is going to remain cheap, is a bad one to make. The conversion does not appear to be economically viable. “To help resolve that dearth in natural-gas fueling stations, two leading gas producers have j...
Ten Years After Invasion, Iraq Continues to Import Oil Products Former Iraqi oil minister Issam al-Jalabi says that although Iraq is an oil-rich country , it still imports petroleum products from abroad to meet its needs 10 years after the US-led invasion of the country. Jalabi, an in...
While ExxonMobil may be considered the pace-setter in the integrated oil and gas business, Chevron has outperformed its larger rival over the past five years. Chevron pays a slightly higher dividend than XOM (3.3 percent versus 2.8 percent), and its share price has appreciated 22 perc...
TMI also can’t explain why the thyroid cancer rate for the four counties flanking Indian Point Nuclear Power Plant in New York was 66% above the national rate in 2001-2005. Other, more subtle sources may also be contributing to hiked thyroid cancer rates, like leaking nuclear power pl...
Arctic nations adopt marine oil pollution preparedness agreement The world’s Arctic nations formally agreed to cooperate on marine oil pollution preparedness and response at the Arctic Council’s May 15 meeting in Kiruna, Sweden. The agreement, which was the second legally binding pact...
That may sound like a fine distinction, but it’s an important one: Silicon Valley has for years invested in sexy new technologies, from smartphones to social media to exotic solar power materials. The technology for embedding sensors in a drill head so that technicians on the surface ...
The world’s central banks have printed unimaginable amounts of money in recent years. Neil Macdonald explores what this means for the global economy and for your financial well-being.
Nuclear plants produce no carbon emissions, while natural gas plants do. Right now there is little political will in the United States to tax carbon emissions or force utilities to build natural gas plants that capture carbon. But even accounting for those types of financial penalties...
Protecting oil tankers passing through the Strait of Hormuz, the narrow passage off the coast of Iran and the United Arab Emirates, is one of the critical missions of the Navy here. It is also expensive. By some estimates, the United States has spent as much as $8 trillion on maintain...
In a surprise move, the eight Republican members of the Senate Environment and Public Works Committee yesterday blocked a floor vote on President Obama’s nominee, Gina McCarthy, as EPA Administrator. In doing so the Republican senators broke their earlier promisadditione to move McCar...
Exxon and Qatar plan to ship US natural gas to Britain Exxon Mobil and Qatar Petroleum announced an agreement on Thursday to ship liquefied natural gas to Britain from their proposed export plant in the United States, offering another supply stream to the island nation as domestic out...
Take a look at all the “junk” you have lying around in your garage, basement, attic, closet, etc. Are you doing anything with it? Are you trying to sell it? Have you ever had a yard sale and realized that all that old junk isn’t really worth that much? That maybe for the meager amount...
For its part, Chesapeake alone hit 2.0 billion cubic feet (bcf/d) per day from its Haynesville wells just about a year ago and is now producing just 1.3 bcf/d. Part of the reason for the rapid decline is that very few wells are being drilled in the play right now because the price of ...
The world’s 507 giant oil fields comprise a little over one percent of all oil fields, but produce 60 percent of current world supply (2005). (A giant field is defined as having more than 500 million barrels of ultimately recoverable resources of conventional crude. Heavy oil deposits...
The bottom line is that the reactors have lost containment . There are not “some leaks” at Fukushima. “Leaks” imply that the reactor cores are safely in their containment buildings, and there is a small hole or two which need to be plugged. But scientists don’t even know where the cor...
New President Xi Jinping, a former Communist Party secretary of Shanghai, is a champion of that city’s development as China’s finance hub, and it is believed that the Prime Minister may fly there to sign the currency conversion deal. Ms Gillard is expected to go on from Shanghai to Be...
China And Brazil Ditch US Dollar In Trade Deal China and Brazil agreed to trade in each other’s currencies just hours ahead of the BRICS summit in South Africa. The deal, which extends over a three-year period and amounts to an exchange of about $30 billion in trade per year, marks th...
“Gas supplies are not running out”, says UK government The long cold winter that shows no sign of ending as we head towards the end of March means that the UK is very close to running out of its own gas supplies and could be forced to buy more expensive imports from Norway and Russia....
Natural gas has its share of critics, many of which are activists who bemoan the impact the process of natural gas extraction, known euphemistically as “fracking,” has on the environment. Still, the sector also has some high-profile backers, many of whom see it as a way to revitalize ...
India set to halt Iran oil imports over insurance India is set to halt all crude imports from Iran because insurance companies in the country have said refineries processing the oil will no longer be covered due to Western sanctions, the head of refiner MRPL said on Friday. India is I...
Unfortunately, that has left Canada’s largest export industry ill-prepared for a world in which Hubbert’s peak, at least in the short and medium term, no longer applies. American domestic production has been rising since 2006, thanks to innovations in extraction techniques that have e...
So-called refinery gains, which are usually included as part of our fuel supply, do not produce more energy; they simply puff up the refined oil products so they take up more space in their containers – something akin to baking bread. At the current time, the world is producing about ...
The weapons production reactors were decommissioned at the end of the Cold War, but the decades of manufacturing left behind 53 million US gallons of high-level radioactive waste, an additional 25 million cubic feet of solid radioactive waste, 200 square miles of contaminated groundwa...
“A better world through technology” … BAH! All tech does is complicate what we already had and promote wars to sell their products. There has been no new tech in decades, just different paint on old ideas. The more technical something gets, the quicker and more likely it will break do...
What’s really happening in reality, in this moment in history, is a comprehensive contraction in economic activity , because there’s a connection between the energy inputs into an economy and a culture and your ability to accumulate wealth of the kind that we’re used to, produced by i...
New research emerges almost daily showing the harms of shale gas on our communities, our country, and our earth. Among the most recent scientific findings is that as much as 9 percent of the methane –one of the most potent greenhouse gases known to man–produced while drilling for gas ...
BP Energy Outlook 2030: An exercise in wish fulfillment “Like dreams, statistics are a form of wish fulfillment,” French philosopher Jean Baudrillard once said. Substitute “forecasts” for the word “statistics,” and you’ll have a good understanding of the public reaction to the recentl...
Venezuela devalued its currency for the fifth time in nine years as ailing President Hugo Chavez seeks to narrow a widening fiscal gap and reduce a shortage of dollars in the economy. The government will weaken the exchange rate by 32 percent to 6.3 bolivars per dollar, Finance Minist...
