Posts in June 2007
Running on Oranges And Apples
The sugar in fruit such as apples and oranges can be converted into a new type of low carbon fuel for cars, according to US scientists. The fuel, made from fructose, contains far more energy than ethanol. Critics say that the current biofuels, both diesel made from palm oil and ethanol made from corn, encourage…
Continue reading ‘Running on Oranges And Apples’.PetroChina Poised for $6bn Listing
China’s oil giant, PetroChina is planning to raise $6 billion in a listing of new shares in Shanghai, to finance oil exploration and overseas acquisitions. The company has also recently announced a couple of significant discoveries. Last month PetroChina, which invested $19 billion in 2006, announced a big discovery in Bohai Bay, an oilfield with…
Continue reading ‘PetroChina Poised for $6bn Listing’.China Overtakes US as World’s Largest CO2 Emitter
China has overtaken the United States as the world’s biggest producer of carbon dioxide, the chief greenhouse gas, figures released today show. China’s emissions had not been expected to overtake those from the US for several years, although some reports predicted it could happen as early as next year. The surprising announcement will increase anxiety…
Continue reading ‘China Overtakes US as World’s Largest CO2 Emitter’.Eni Declares Force Majeure In Nigeria
Italian oil company, Eni has declared force majeure on 37,000 barrels a day oil shipments from Ogbainbiri flow station in Bayelsa State in the Niger Delta after the facility was attacked at the weekend. The declaration of force majeure allows companies to suspend contractual obligations to customers, such as deliveries of oil and gas, following…
Continue reading ‘Eni Declares Force Majeure In Nigeria’.The Shrinking Superior
Lake Superior, largest of the Great Lakes and the world’s largest freshwater reservoir, has fallen to its lowest level in 81 years. Its decline is being seen as evidence of the effect that climate change is having on the North American continent. The lake is a foot and a half below its long-term average. The…
Continue reading ‘The Shrinking Superior’.More Junk Science from the Oil Industry
In March, an EPA science panel unanimously agreed that smog-producing ozone levels should be lowered. But the White House’s Office of Management and Budget held a series of close-door meetings (including one which even excluded the EPA), industry lobbyists claimed the science is still in doubt.
U.S. Military World’s Leading Gas Guzzler
The U.S. Department of Defense is the world’s leading consumer of petroleum, sucking up about 340,000 barrels of oil every day, more than the total national consumption of Sweden or Switzerland.
Democrats Talk About Reversing Energy Taxes
Democrats in the US Senate say they are seeking a major reversal of energy tax policies that would take billions of dollars in tax breaks and other benefits from the oil industry to underwrite renewable fuels. The tax increases would reverse incentives passed as recently as three years ago to increase domestic exploration and production…
Continue reading ‘Democrats Talk About Reversing Energy Taxes’.Air Transport is Being ‘Scapegoated’ Over Climate
For months there have been consistent rumours of a concerted air industry fight back over climate change, especially in the UK, where airlines and climate has become the latest environmental battle-ground. A new front group, Flying Matters, has been formed with backing from most of the major airlines. Now, the British Airline Pilots’ Association (Balpa)…
Continue reading ‘Air Transport is Being ‘Scapegoated’ Over Climate’.China: Oil Giants Look to Biofuels
China’s oil giants are currently vying for a leading position in the development of bio-fuels. China’s National Offshore Oil Corporation – the country’s third largest oil company, will strengthen its alternative energy development activities by establishing a bio-diesel refining facility in southern China’s island province of Hainan by the end of the year.
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