Peak Oil News

IMG_20140110_0057 Rosso benzina Gas station Switzerland De eerste goedkope benzine Benzineprijs september 2012 in Frankrijk. Old Pump

Oil From Shale Deposits

Underneath the high, scrub-covered rangeland of northwest Colorado is the world's biggest oil field. Getting the oil out of the ground, however, is one of the world's biggest headaches. The area's deposits of oil shale are believed to be larger than all the oil reserves of the Middle East. But past attempts to get at this oil locked in tarry rock have cost billions of dollars and raised the prospect of strip-mining large areas of the Rocky Mountain West. Now, as the federal government makes another push to develop oil shale, Shell and other companies say they have developed techniques that may extract this treasure with much less environmental impact. » Source: San Francisco Chronicle Shell's project is stunningly complex. Instead of strip-mining the rock and then processing it, Shell plans to ...

Fuel Cell Transport Solution

Fuel cell cars could one day run on hydrogen made from cooking oil now research into a novel way of producing hydrogen is to take a step forward. If the process is proved to have commercial potential, other sources of the gas could include scrap tyres and waste industrial oil. A team at the Energy and Resources Research Institute of Leeds University is perfecting the making of liquid fuels by reforming unmixed steam. Put simply, fuel is reacted with steam to release hydrogen from both. The process was invented 10 years ago in the US but not made public until 1999. Now researchers around the world are trying to make it commercially viable so that it can play a significant role in the much-touted 'hydrogen economy'. » Source: Fuel Cell Works It claims to be a convenient way to distribute fuel for hydrogen production, ...

Congress Debates Peak Oil Production

U.S. Rep. Tom Udall and others in Congress have positioned themselves at the center of an uncomfortable idea: Eventually the planet will run out of fossil fuels. Udall is pushing for open discussion of peak oil, the concept that world-oil production will someday reach an all-time high. After that, oil production will decline because there’s only so much of it in the ground. Oil production has already peaked in the United States at more than 3.5 billion barrels per year in 1970, just as a geophysicist predicted in the 1950s. Last year’s domestic production was about 1.8 billion barrels. Some energy experts say a permanent fuel crunch could be a disaster for the global economy because this decline in production would most likely happen at the same time that demand reaches an all-time high. » Source: New Mexican Government reports have suggested that widespread ...

Central Asia Energy Game

Central AsiaIn the 19th century, Russian and British diplomats, officers, and spies sketched maps of central Asia, carving political boundaries into the steppes and mountains as they played "The Great Game" to win control of the region. Today, there is a new map of central Asia, pored over by governments and oil company executives. It is known as "hub and spoke." The hub is the Caspian Sea, and the spokes are the multiple pipe-lines emanating from it, representing potential export routes for the vast oil and gas resources that lie beneath. Today's superpower struggle is over not the land itself but the hydrocarbons under it-believed to be among the world's largest untapped fossil fuel resources. And there are some new players. While Russia still seeks to maintain control over its former satellites, China, with its seemingly endless thirst for energy, ...

End of the Oil Era

End of OilOil, uranium, gold and platinum are more sought after than ever today. The search for natural resources is becoming increasingly difficult and prices are soaring. But future growth of the world economy depends on these natural resources -- and some will soon disappear forever. Five minutes before he was scheduled to speak, leading geologist Marion King Hubbert was summoned to the phone. His employer was speaking, someone from the headquarters of the Shell corporation. He was urged not to present his forecast, Hubbert later revealed. But the scientist with his little Clark-Gable-style beard stuck to his guns, as he has often been known to do. When he appeared at the spring 1956 meeting of the American Petroleum Institute in San Antonio, he presented exactly what he had prepared ...

World Bank Favours Clean Fossil Fuels

World BankA global energy plan to be released by the World Bank next month risks squandering scarce resources on so-called clean coal technologies and misses bigger investments in renewable energy, but does address gaps in the energy needs of the poor, according to a new analysis by an environmental group. World Bank officials will discuss the document, called the "Progress Report on the Investment Framework for Clean Energy and Development", later this month before it is placed on the agenda of the joint annual meetings of the World Bank and its sister institution, the International Monetary Fund (IMF), next month in Singapore. A similar programme focusing on longer term country-level activities and global research will be completed by the Group of Eight most industrialised countries at their summit in Japan in 2008. Rich nations had asked the ...