Keyword: hydrocarbons

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  • Gulf of Mexico saturated with oil?

    01/30/2007 8:39:08 AM PST · by milwguy · 57 replies · 1,890+ views
    petroleumnews ^ | 01/30/2007 | milwguy
    Chevron's announcement this week that the Jack Field located in the Gulf of Mexico 270 miles southwest of New Orleans may have as much as 15 billion barrels of oil was not the only recent find of oil in the Gulf. In March, Mexico announced the discovery of a new huge oil find, the Noxal Field some 60 miles from the port of Coatzacoalcos on the coast of Veracruz state. Estimated to contain as much as 10 billion barrels of oil, the find could well be larger than Cantarell, Mexico's biggest oil field, near Yucatan. Like the Jack Field discovery,...
  • US Navy 'game-changer': converting seawater into fuel

    04/07/2014 9:18:38 AM PDT · by DeaconBenjamin · 50 replies
    economic times ^ | 7 Apr, 2014, 08.00PM IST
    WASHINGTON: The US Navy believes it has finally worked out the solution to a problem that has intrigued scientists for decades: how to take seawater and use it as fuel. The development of a liquid hydrocarbon fuel is being hailed as "a game-changer" because it would signficantly shorten the supply chain, a weak link that makes any force easier to attack. The US has a fleet of 15 military oil tankers, and only aircraft carriers and some submarines are equipped with nuclear propulsion. All other vessels must frequently abandon their mission for a few hours to navigate in parallel with...
  • US Navy 'game-changer': converting seawater into fuel

    04/07/2014 9:13:03 AM PDT · by TangledUpInBlue · 25 replies
    AFP/Yahoo ^ | 4/7/14 | Mathieu Rabechault
    The US Navy believes it has finally worked out the solution to a problem that has intrigued scientists for decades: how to take seawater and use it as fuel. The development of a liquid hydrocarbon fuel is being hailed as "a game-changer" because it would signficantly shorten the supply chain, a weak link that makes any force easier to attack. The US has a fleet of 15 military oil tankers, and only aircraft carriers and some submarines are equipped with nuclear propulsion.
  • Net energy imports in 2013 lowest in more than 20 years

    04/02/2014 1:09:41 PM PDT · by thackney · 9 replies
    Energy Information Administration ^ | APRIL 2, 2014 | Energy Information Administration
    Total U.S. net imports of energy, measured in terms of energy content, declined in 2013 to their lowest level in more than two decades. Growth in the production of oil and natural gas displaced imports and supported increased petroleum product exports, driving most of the decline. A large drop in energy imports together with a smaller increase in energy exports led to a 19% decrease in net energy imports from 2012 to 2013. Total energy imports declined faster—down 9% from 2012 to 2013—than in the previous year, while export growth slowed. Crude oil production grew 15%, about the same pace...
  • Report: Condensate could be first crack in oil export ban

    04/02/2014 11:31:58 AM PDT · by thackney · 31 replies
    Fuel Fix ^ | April 2, 2014 | Jennifer A. Dlouhy
    A simple tweak by the Commerce Department would allow the U.S. to begin selling ultralight fossil fuels overseas, a significant first step in easing the 39-year-old ban on crude exports, a new report says. The analysis released by Sen. Lisa Murkowski, R-Alaska, focuses on condensate, a natural gas liquid made up of light fuels such as propane and butane. The fuels generally flow as liquids at normal temperatures even if they’re gas underground. Though it is chemically different than crude, condensate is swept under the oil export ban — at least as long as the light hydrocarbon is coming out...
  • US gasoline prices reach six-month high as ethanol climbs

    04/02/2014 6:58:35 AM PDT · by thackney · 33 replies
    Bloomberg News via Fuel Fix ^ | April 2, 2014 | Barbara Powell
    Link only due to Bloomberg content
  • Texas producing 36 percent of US crude

    04/02/2014 6:55:02 AM PDT · by thackney · 23 replies
    Fuel Fix ^ | April 1, 2014 | Ryan Holeywell
    Texas is producing about 36 percent of the country’s crude oil — three times more than any other state, according to the latest monthly figures from the U.S. Energy Information Administration. Texas pumped nearly 2.9 million barrels of crude daily of the 7.9 million barrels produced nationwide in January, the latest month for which figures are available. The Gulf of Mexico produced about 17 percent, the second-largest portion, followed by North Dakota with about 12 percent of the U.S. crude. California and Alaska rounded out the top five crude-producing areas, each home to about 7 percent of the nation’s oil....
  • Thanks to Fracking, U.S. Will Pass Saudi Arabia In Oil Production

    03/12/2014 3:59:46 PM PDT · by VitacoreVision · 15 replies
    The New American ^ | 12 March 2014 | Warren Mass
    Thanks to Fracking, U.S. Will Pass Saudi Arabia In Oil Production 12 March 2014 Thanks to fracking, or hydraulic fracturing, a process used to extract oil from shale, the United States will soon pass Saudi Arabia as the world’s largest oil producer....
  • Are we sitting on unlimited fossil-fuel resources?

    06/03/2011 12:34:43 PM PDT · by SeekAndFind · 43 replies
    Hotair ^ | 06/03/2011 | Ed Morrissey
    You’ve heard that we’re running out of oil. You’ve heard that natural gas has a finite and ever-shortening supply. The media has been reporting on Peak Oil for decades, and the peak has always been just around the next corner. But what if that weren’t true, and for practical purposes, the US has an unlimited supply of fossil fuel for its energy needs? Would that not undercut the entire notion of an energy crisis, except as self-inflicted?Get ready for a paradigm change, courtesy of … Salon? (via Ace) Are we living at the beginning of the Age of Fossil Fuels,...
  • Huge Natural Gas From Methane Hydrates Process Developed

    05/03/2012 12:51:07 PM PDT · by Ernest_at_the_Beach · 57 replies
    New Energy and Fuel ^ | May 3, 2012
    U.S. Department of Energy (DOE) Secretary Steven Chu contributed a statement to an announced breakthrough in research into tapping the vast fuel resource of methane hydrates that could eventually bolster already massive U.S. natural gas reserves.As Al Fin pointed out yesterday natural gas is priced to a barrel of oil equivalent at about $10-$11 per the estimable Geoffrey Styles view, something less than 10% of the cost of oil. For North Americans adding a viable and hopefully low cost means to make use of gas hydrates could be giant boost to low cost fuel sources and a massive kick to...
  • New research shows how oil gets stuck underground (Denmark)

    05/11/2009 1:15:22 PM PDT · by decimon · 16 replies · 1,339+ views
    University of Copenhagen ^ | May 11, 2009 | Unknown
    Nano-research on drill cores from the North Sea might help increase extraction rates of oil in Denmark It is a mystery to many people why the world is running out of oil when most of the world’s oilfields have only been half emptied. However some of the oil that has been located is trapped as droplets of oil in small cavities in the surrounding rock or is stuck to the walls of the underground cavity and cannot be accessed by the techniques currently used in the oil industry. Now, new research may have come up with an explanation as to...
  • Oil Fields' Free Refill - More oil than we thought (maybe)

    04/23/2002 4:48:26 PM PDT · by visagoth · 83 replies · 1,584+ views
    Newsday ^ | April 16, 2002 | Robert Cooke
    DEEP UNDERWATER, and deeper underground, scientists see surprising hints that gas and oil deposits can be replenished, filling up again, sometimes rapidly. Although it sounds too good to be true, increasing evidence from the Gulf of Mexico suggests that some old oil fields are being refilled by petroleum surging up from deep below, scientists report. That may mean that current estimates of oil and gas abundance are far too low. Recent measurements in a major oil field show "that the fluids were changing over time; that very light oil and gas were being injected from below, even as the producing...
  • New evidence supports 19th century idea on formation of oil and gas

    11/04/2009 11:55:29 AM PST · by decimon · 51 replies · 1,755+ views
    American Chemical Society ^ | Nov 4, 2009 | Unknown
    Scientists in Washington, D.C. are reporting laboratory evidence supporting the possibility that some of Earth's oil and natural gas may have formed in a way much different than the traditional process described in science textbooks. Their study is scheduled for Nov./Dec. issue of ACS' Energy & Fuels, a bi-monthly publication. Anurag Sharma and colleagues note that the traditional process involves biology: Prehistoric plants died and changed into oil and gas while sandwiched between layers of rock in the hot, high-pressure environment deep below Earth's surface. Some scientists, however, believe that oil and gas originated in other ways, including chemical reactions...
  • Huge hydrogen stores found below Earth's crust

    04/15/2002 6:58:27 PM PDT · by pragmatic_asian · 65 replies · 1,847+ views
    Vancouver Sun ^ | April 15, 2002 | Robert Matthews
    LONDON -- Scientists have discovered vast quantities of hydrogen gas, widely regarded as the most promising alternative to today's dwindling stocks of fossil fuels, lying beneath the Earth's crust. The discovery has stunned energy experts, who believe that it could provide virtually limitless supplies of clean fuel for cars, homes and industry. Governments across the world are urgently seeking ways of switching from conventional energy sources such as coal, gas and nuclear power to cleaner, safer alternatives. Energy specialists estimate that oil production will start to decline within the next 10 to 15 years, as the economically viable reserves start...
  • Barbara Boxer sees carbon tax in the mix ('Sandy' will be catalyst for O's climate change action)

    01/22/2013 1:34:53 PM PST · by NormsRevenge · 30 replies ^ | 1/22/13 | Carolyn Lochhead
    Sen. Barbara Boxer said she had a one word answer for why President Obama promised to act on climate change in his second inaugural address: “Sandy.” Boxer called Hurricane Sandy a turning point in public opinion on global warming, and said Washington will act to curb CO2 emissions not via legislation but through the Environmental Protection Agency. “My view is they have no choice but to act,” Boxer said, referring to a Supreme Court ruling that affirmed that greenhouse gasses are pollutants under the Clean Air Act. “The EPA has huge authority here.” ... “There may be a way to...
  • Boxer: Carbon dioxide will be “leading cause of conflict” in next 20 years

    06/10/2010 2:37:56 PM PDT · by Ernest_at_the_Beach · 62 replies · 1,038+ views
    Hot Air ^ | June 10, 2010 | Ed Morrissey
    Let’s see how Senator Ma’am’s priorities work in this revealing clip from her speech earlier today in the Senate. We’ve had four terrorist attacks in less than a year, two of which succeeded in killing people and another two which only failed because of the incompetence of the terrorist. Iran is a year or less away from getting a nuclear weapon. Turkey is rapidly sliding towards Islamism. North Korea is doing their best to restart the Korean War.And what keeps Barbara Boxer awake at night? A raging case of the vapors: I’m going to put in the record, Madam President,...
  • Barbara Boxer uses Oklahoma tornado to push carbon tax

    05/21/2013 9:48:56 AM PDT · by SeekAndFind · 60 replies
    Daily Caller ^ | 05/21/2013 | Michael Bastasch
    California Democratic Sen. Barbara Boxer blamed the tornado that devastated Oklahoma on global warming during a Senate floor speech Tuesday, using the opportunity to push her own plan to tax carbon dioxide emissions. “This is climate change,” Boxer said. “This is climate change. We were warned about extreme weather: Not just hot weather, but extreme weather. When I had my hearings, when I had the gavel years ago — it’s been a while — the scientists all agreed that what we’d start to see was extreme weather.” “Carbon could cost us the planet,” Boxer added, plugging her own carbon tax...
  • Senate Dems to set up global warming task force (Boxer leads the hoax)

    01/10/2014 3:19:39 PM PST · by Libloather · 23 replies
    Daily Caller ^ | 1/09/14 | Michael Bastasch
    Senate Democrats are planning on setting up a global warming task force to revive the issue in Congress and help President Obama achieve the goals set out in his climate agenda. Democratic Sens. Barbara Boxer and Sheldon Whitehouse told reporters on Thursday that they would launch the task force with more than a dozen members. They say they have the full support of Senate Majority Leader Harry Reid. “The purpose is to use the bully pulpit of our Senate offices to achieve that wakeup call,” Boxer told reporters who gathered in her office. “We believe that climate change is a...
  • Climate change warning labels on gas pumps?

    01/09/2014 2:38:10 PM PST · by artichokegrower · 38 replies
    San Francisco Chronicle ^ | January 9, 2014 | David R. Baker
    Buy a pack of cigarettes, and a printed warning from the surgeon general will remind you that smoking causes cancer. Obviously, you’ve chosen to smoke anyway. But perhaps one day you’ll look at that message, printed on the pack, and resolve to change your ways. Now, apply that idea to global warming. A group of Bay Area environmentalists wants to slap warning stickers on gasoline pumps, telling drivers that the fuel they’re buying is cooking the planet. The stickers would constantly remind consumers of the link between driving and climate change.
  • Whoops! Earth's Oldest 'Diamonds' Actually Polishing Grit

    01/03/2014 2:26:38 PM PST · by aimhigh · 14 replies
    LiveScience ^ | 1/3/2014 | Becky Oskin
    Evidence of Earth's first continents — 4.3-billion-year-old "diamonds" — are actually just fragments of polishing grit, a new study finds. In 2007, an international team first reported discovering the tiny gems, which hid in pockets inside zircon crystals from Western Australia's Jack Hills, in the journal Nature. But it turns out that the gems weren't actually diamonds, but polishing paste, smushed into hairs'-width cracks when the zircons were prepared for laboratory tests, according to a study published online in the Feb. 1, 2014, edition of the journal Earth and Planetary Science Letters.
  • Toyota Brings Hydrogen Cars To Production

    12/11/2013 3:27:33 AM PST · by 2ndDivisionVet · 38 replies
    The Big Stage from NYSE ^ | December 10, 2013 | Josh Dean
    Twelve years ago, Toyota Motor Corp. (NYSE: TM) began testing a unique — and outlandishly expensive — automobile in California: a car powered by hydrogen fuel cells. This so-called FCHV (fuel cell hybrid vehicle) was an electric car that didn’t need to be plugged in. Its electricity was generated by a stack of fuel cells that ran on compressed gaseous hydrogen, a relatively cheap fuel that gives off no harmful emissions; its only byproduct was water vapor. The FCHV never made it to dealer lots, however. Production of plug-in electric cars proved more viable, partially because the FCHV technology was...
  • Toil for oil means industry sums do not add up

    11/30/2013 11:43:53 AM PST · by Lorianne · 13 replies
    Financial Times ^ | 25 November 2013 | Mark Lewis
    High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email to buy additional rights. The most interesting message in this year’s World Energy Outlook from the International Energy Agency is also its most disturbing. Over the past decade, the oil and gas industry’s upstream investments have registered an astronomical increase, but these ever higher levels of capital expenditure have yielded ever smaller increases in the global oil supply. Even these have only been made possible...
  • Surprising Trove of Gas Seeps Found Off East Coast

    06/21/2013 12:10:40 PM PDT · by neverdem · 21 replies via Yahoo ^ | Jun 19, 2013 | Douglas Main
    On the seafloor just off of the U.S. East Coast lies a barely known world, explorations of which bring continual surprises. As recently as the mid-2000s, practically zero methane seeps — spots on the seafloor where gas leaks from the Earth's crust — were thought to exist off the East Coast; while one had been reported more than a decade ago, it was thought to be one of a kind. But in the past two years, additional studies have revealed a host of new areas of seafloor rich in seeps, said Laura Brothers, a research geologist at the U.S. Geological...
  • Science: Democrat Rep. Raúl Grijalva borrows lab coat, makes ‘best pro-Keystone XL video ever’

    06/02/2013 7:37:58 AM PDT · by Rusty0604 · 31 replies
    Twitchy ^ | 06/01/2013 | Twitchy
    We’re used to hearing that Republicans are the anti-science party, but that criticism is especially hard to take in light of Rep. Raúl Grijalva’s new video, warning of the dangers of building the Keystone XL pipeline. We’ve also been assured that conservatives don’t understand the nuances of metaphor, but there’s just something about Grijalva playing politics while wearing a “borrowed lab coat” and pretending to be a scientist that makes you miss Al Gore’s relatively sophisticated hucksterism. The video’s so bad, in fact, that the National Republican Congressional Committee is urging people to view it, calling it a “must watch.”...
  • College fossil-fuel divestment movement builds

    05/23/2013 2:25:02 AM PDT · by Olog-hai · 28 replies
    Associated Press ^ | May 22, 2013 6:34 PM EDT | Kevin Begos and Joann Loviglio
    Student activists at more than 200 colleges are trying a new tactic in hopes of slowing the pace of climate change: They are asking their schools to stop investing in fossil fuel companies. The Fossil Free campaign argues that if it’s wrong to pour pollution into the air and contribute to climate change, it’s also wrong to profit from it. The strategy, modeled after anti-apartheid campaigns of the 1980s, aims to limit the flow of capital to fossil fuel companies by making their stocks morally and financially unattractive. In theory, that could lead to a slowdown in how much fossil...
  • Wilbur Ross: Shale Gas Production Is the Way to Turn GDP Positive

    02/02/2013 9:53:34 PM PST · by 2ndDivisionVet · 2 replies
    NewsMax Money News ^ | January 31, 2013 | Dan Weil
    When it comes to reversing the economy’s fourth-quarter growth decline, shale gas is the answer, says Wilbur Ross, chief of private equity firm WL Ross. “The best way to overcome the negative gross domestic product figures that were just released would be to encourage the exploitation of shale gas both for domestic and for international purposes,” he tells Fox Business Network. The clean energy concerns that have stifled permit issuance for shale gas extraction can easily be solved, Ross notes. “The greenies worry that shale gas would drive the price of electricity down and make sun power and wind power...
  • Scientists Find Mega-Oil Field ... 1,300 Light Years Away

    12/13/2012 3:48:44 PM PST · by george76 · 53 replies
    Oil price. ^ | 06 December 2012 | James Burgess
    Have our wishes been answered? Scientists have found an oil field which contains 200 times more hydrocarbons than there is water on the whole of the Earth. Time to wave peak oil goodbye forever … but before you do I should probably inform you of the tiny hiccup in any plan to develop this oil field. It is around 1,300 light years away. The scientists work at the Max Planck Institute in Germany, and using the 30m-telescope of the Institute for Radio Astronomy they discovered a vast cloud of hydrocarbons within the Horse Head Nebula galaxy in the Orion constellation.
  • Obama says enough world oil to crack down on Iran

    03/30/2012 7:13:58 PM PDT · by the invisib1e hand · 65 replies
    reuters ^ | 033012 | by Jeff Mason and Roberta Rampton
    "I will closely monitor this situation to assure that the market can continue to accommodate a reduction in purchases of petroleum and petroleum products from Iran," he said in a statement.
  • Green Welfare, Green Taxes, Green Poverty

    06/14/2012 5:30:53 PM PDT · by CedarDave · 4 replies
    The American Spectator ^ | June 13, 2012 | Peter Ferrara
    What would you do if gangs of robbers roamed your neighborhood at night, breaking into your neighbors' houses and stealing their family jewels and life savings? You would arm yourself to defend your property. Or you would move to a safer neighborhood. But if the robbers formed gangs called Greenpeace, the Sierra Club, or the Natural Resources Defense Fund, and assaulted your standard of living, the Che Guevara Democrats expect you to greet them with open arms, and gleefully turn over bushels of your cash, until your life savings is gone, and your standard of living has been reduced to...
  • North America has the potential to be energy world's next Middle East, report argues

    03/25/2012 4:37:49 PM PDT · by mamelukesabre · 11 replies · 1+ views
    The Telegraph ^ | 4:29PM GMT 22 Mar 2012 | Richard Blackden
    North America's energy sector has the potential to drive a "remarkable resurgence" that could see the Continent become the new Middle East in shaping the global supply of gas and oil, a new report has claimed. Deepwater drilling in the Gulf of Mexico, tapping shale deposits for gas and oil and Canada's oil sands are among the ingredients that could see North America's production of oil and natural gas liquids almost double to 26.6m barrels a day by 2020, according to a report by analysts at Citigroup. "The energy sector in the next few decades could drive an extraordinary and...
  • Gas drilling surges in Ohio; brings jobs, worries

    12/11/2011 11:17:56 AM PST · by mdittmar · 23 replies
    Journal Star ^ | December 11, 2011 | Associated Press
    After a childhood spent moving around, Patti Gorcheff vowed that she'd never uproot her daughter. But she says an oil and gas drilling frenzy in her area has forced her to change her mind. She and her husband are selling the family home and fleeing with their 15-year-old before the drinking water becomes contaminated, said Gorcheff, 56, of rural North Lima in northeastern Ohio. She's heard the accounts from neighboring Pennsylvania of contaminant-laced water being discharged into rivers _ and of fears there that, despite officials' assurances, drinking water might be harmed. "I've never been so afraid," she said. "They're...
  • Russia Claims New Arctic Hydrocarbon Finds Effectively Double Nations Reserves

    10/03/2011 7:32:05 AM PDT · by bananaman22 · 17 replies ^ | 30/09/2011 | John Daly
    Russia, currently vying for the title of world's top oil producer with Saudi Arabia, claimed that new findings in its offshore Arctic territories have effectively doubled the nation’s energy reserves. According to numerous Russian media reports, addressing a meeting of the sixth media forum of the United Russia Party on 25 September, Russian Natural Resources Minister Iury Trutnev said that the preliminary forecast is that resources in the Russian Arctic shelf are comparable to those in mainland Russia, adding, “Speaking of long-term planning, these reserves could last 100, may be 150 years, but longer is unlikely. Humanity will eventually have...
  • How North Dakota Became Saudi Arabia

    10/01/2011 10:26:17 PM PDT · by radpolis · 18 replies
    Wall Street Journal ^ | OCTOBER 1, 2011 | STEPHEN MOORE
    Harold Hamm, the Oklahoma-based founder and CEO of Continental Resources, the 14th-largest oil company in America, is a man who thinks big. He came to Washington last month to spread a needed message of economic optimism: With the right set of national energy policies, the United States could be "completely energy independent by the end of the decade. We can be the Saudi Arabia of oil and natural gas in the 21st century." "President Obama is riding the wrong horse on energy," he adds. We can't come anywhere near the scale of energy production to achieve energy independence by pouring...
  • EU tells Ankara to back off

    09/09/2011 10:57:57 AM PDT · by LibWhacker · 17 replies
    Cyprus Mail ^ | 9/9/11 | Stefanos Evripidou
    THE EUROPEAN Commission yesterday issued its strongest rebuke yet to Turkey over its threatening behaviour towards Cyprus’ efforts to drill for hydrocarbon reserves within its own Exclusive Economic Zone (EEZ). Unfazed, Turkish Prime Minister Recep Tayyip Erdogan continued to raise the stakes in his row with Israel and Cyprus over hydrocarbon explorations in the eastern Mediterranean, vowing yesterday to stop them from exploiting natural resources in the area while also pledging to send warships to escort aid to Gaza. The EU, through Enlargement Commissioner Stefan Fule yesterday “urged Turkey to refrain from any kind of threat, sources of friction or...
  • Chinese Energy Policies Harming Neighbors

    06/23/2011 7:39:02 AM PDT · by bananaman22 · 1 replies ^ | 22/06/2011 | John Daly
    China’s omnivorous energy requirements have been attracting increasing attention as of late, as Beijing attempts to secure any and all sources of power for its growing industrial base. Nowhere is this more noticeable than Beijing’s policies in the South China Sea, where Chinese assertions of sovereignty are unsettling the Philippines, Taiwan, Vietnam, Malaysia, Indonesia and Brunei, all of whom have counter claims on the various shoals and islets. China’s landward neighbors are also feeling the hot breath of Beijing’s mandarins, however, most notably its economic rival India, with whom China fought a brief war in 1962 in the Himalayas over...
  • China Winning the Race for Central Asia’s Energy Riches

    06/27/2011 7:36:49 AM PDT · by bananaman22 ^ | 23/06/2011 | John Daly
    Many western analysts have described the post-Soviet tussle for Caspain and Central Asian energy reserves as the new “Great Game, except this time around, Russia is facing the U.s. rather than the British empire. To a dispassionate outside observer however, what is most striking about the prolonged wrangle between Moscow and Washington for hydrocarbons, military bases and influence is the emergence of an understated sly newcomer who has managed to bag many of the region’s assets – China. There are many reasons for this, despite the fact that both Russia and the U.S. both seemed to hold winning hands. For...
  • David and Goliath: Vietnam Confronts China Over South China Sea Energy Riches

    06/14/2011 3:25:02 PM PDT · by bananaman22 · 6 replies ^ | 14/06/2010 | John Daly
    An increasingly fractious maritime confrontation is developing in the South China Sea, with enormous implications for international companies interested in developing East Asia’s offshore hydrocarbon resources. Far from the radars of city of London and Wall Street investors, the clash has seen Vietnam emerge as spear carrier for its fellow ASEAN members on the dispute. Offshore drilling is the most capital-intensive form of exploiting hydrocarbons, but its expense and scarcity has also allowed technically advanced Western companies to drive hard bargains with third world countries over their offshore waters, as they don’t have indigenous advanced technical resources nor finances to...
  • CERAWeek: The ‘Prince of Hydrocarbons’ may be ready for the throne

    03/09/2011 10:41:38 AM PST · by thackney · 36 replies
    Fuel Fix ^ | March 9, 2011 at 10:22 am | Tom Fowler
    The surge in natural gas production via shale developments and massive liquefied natural gas projects continues to change the dynamics of the global energy industry, according to a report released this morning by IHS-CERA and the World Economic Forum. Energy Vision 2011: A New Era for Gas, affirms what many in the energy industry have been saying for a while now — new gas drilling technologies and numerous LNG export projects coming on line are making natural gas a more abundant and attractively priced hydrocarbon. Natural gas provides about 24 percent of all global energy needs, but the refinement of...
  • Bolivia: Morales says victory ‘deepens democracy’

    08/11/2008 11:42:17 PM PDT · by bruinbirdman · 2 replies · 134+ views
    The Financial Times ^ | 8/11/2008 | Naomi Mapstone in La Paz
    Evo Morales, Bolivia’s president, has claimed a reinvigorated mandate for constitutional reform after a partial count of Sunday’s recall referendum showed he had won more than 60 per cent of a national vote of confidence in his government. The president is expected to move swiftly to seek approval for a draft constitution that would redistribute wealth from the hydrocarbons industry, intro­duce land reform and open his way to run for a second term. Addressing supporters from the balcony of the presidential palace on Sunday, Mr Morales said the vote had “deepened democracy”. “We are convinced that it is important to...
  • Secretive U.S. biotech company develops bacteria that delivers energy cost equivalent of $30/BBL

    01/18/2011 7:27:49 PM PST · by SCPatriot77 · 49 replies
    Globe and Mail ^ | January 18, 2011 | NEIL REYNOLDS
    In September, a privately held and highly secretive U.S. biotech company named Joule Unlimited received a patent for “a proprietary organism” – a genetically adapted E. coli bacterium – that feeds solely on carbon dioxide and excretes liquid hydrocarbons: diesel fuel, jet fuel and gasoline. This breakthrough technology, the company says, will deliver renewable supplies of liquid fossil fuel almost anywhere on Earth, in essentially unlimited quantity and at an energy-cost equivalent of $30 (U.S.) a barrel of crude oil. It will deliver, the company says, “fossil fuels on demand.” . . . Joule says it now has “a library”...
  • A Titan discovery

    10/25/2010 7:20:57 PM PDT · by SunkenCiv · 13 replies
    Highlights in Chemical Science ^ | August 29, 2008 | Emma Shiells
    The chemistry used to make a rare argon-carbene cation may hold the key to hydrocarbon formation on Saturn's largest moon, claim European researchers. Detlef Schröder from the Academy of Sciences in Prague, Czech Republic, and co-workers have made a noble-gas compound by colliding argon with dications. Using experimental and theoretical studies they showed that bromomethane (CH3Br) can be ionised to the molecular dication CH3Br2+ - that can rearrange to the tautomer CH2BrH2+. The reaction of this dication with argon leads to the argon-carbene cation (ArCH2+).1 Schröder also made the corresponding carbene cation for other noble gases, including krypton and xenon....
  • New microbe discovered eating oil spill in Gulf

    08/24/2010 10:52:49 AM PDT · by george76 · 46 replies · 1+ views
    AP ^ | August 24, 2010 | RANDOLPH E. SCHMID,
    A newly discovered type of oil-eating microbe is suddenly flourishing in the Gulf of Mexico. And the microbe works without significantly depleting oxygen in the water, researchers led by Terry Hazen at Lawrence Berkeley National Laboratory ... the bacteria may have adapted over time due to periodic leaks and natural seeps of oil in the Gulf.
  • Chortling At Chu

    03/12/2010 5:07:46 PM PST · by Kaslin · 18 replies · 957+ views ^ | March 12, 2010 | INVESTORS BUSINESS DAILY Staff
    Future Fuels: Our secretary of energy pushes bio-refineries and windmills to oil executives at an energy conference as the administration announces a three-year offshore drilling ban. This is a policy for economic suicide. They don't qualify as an official group of victims, but carbon-Americans, as they have been called, did not have much to cheer about last week, when Energy Secretary Steven Chu addressed CERAWeek 2010, a premier industry conference hosted by IHS Cambridge Energy Research Associates. With an economy struggling to regain sound footing, Chu advocated a starvation diet devoid of additional fossil fuels that are to remain under...
  • Russia And China Strike A Deal

    11/04/2009 12:55:59 AM PST · by bruinbirdman · 2 replies · 338+ views
    Forbes ^ | 11/2/2009 | Oxford Analytica
    China interested in Russian hydrocarbons; Russia aims to reduce its dependence on European energy markets. Russian Prime Minister Vladimir Putin's visit to Beijing earlier this month yielded commercial deals worth $3.5 billion and a sweeping framework for bilateral energy cooperation. China's interest in Russian hydrocarbons is motivated by a desire to meet growing demand and diversify import sources. Russia stands to gain from reducing its dependence on European energy markets and using exports to China to develop Russia's Far East. Oil integration. Earlier this year, the China Development Bank (CDB) provided Russian energy companies Rosneft and Transneft with a $25...

    09/09/2007 8:30:02 AM PDT · by Turret Gunner A20 · 11 replies · 331+ views
    National Center for Policy Analysis/The Washington Times ^ | September 7, 2007 | H. Sterling Burnett
    High gasoline prices and concern about energy security are driving entrepreneurs to explore various ways to produce transportation fuels, says H. Sterling Burnett, senior fellow at the National Center for Policy Analysis. For example, though rarely discussed, there is a well-developed process to turn coal into oil: ï‚· China is already bringing coal-to-oil plants online, with plans to produce as much as a million barrels of oil a day from coal by 2020. ï‚· Commercial coal-to-oil plants have not been built in the United States because they require more long-term capital investment than conventional oil. ï‚· But the Energy Department...
  • Saudi Oil Exec: Crude Reserves Figures Bunk

    06/05/2008 11:11:38 AM PDT · by Tolerance Sucks Rocks · 29 replies · 203+ views ^ | May 29, 2008 | MoneyNews
    Junk your SUV and buy an electric scooter. Recent claims by various OPEC leaders that the world has plenty of oil left are bunk, alleges Sadad Al-Husseini, a former top executive at Saudi Aramco, Saudi Arabia’s state-owned oil company. Oil-producing countries are inflating the size of their oil reserves by as much as 300 billion barrels by padding supposedly proven reserves with “probable” reserves and tar and oil sands, according to Husseini. Such hypothetical reserves are “not delineated, not accessible and not available for production,” Husseini said at a recent energy conference in London. Oil production has now reached its...

    04/22/2008 10:18:14 AM PDT · by The_Republican · 17 replies · 66+ views
    New York Post ^ | April 22nd, 2008 | GLENN HARLAN REYNOLDS
    These are just as worthwhile even if you don't believe that human-created climate change is a big problem, or even a reality. * Reducing carbon emissions by making people poorer will never happen. Just ask people in China - now the world's No. 1 carbon emitter - how interested they are in returning to the economic conditions they suffered a few decades ago when their carbon emissions were lower. * Burning fossil fuels is a lousy idea for reasons that have nothing to do with global warming. These hydrocarbons offer important applications as fertilizers and chemical feedstocks, making it foolish...
  • Researcher: Discovery could end energy crisis

    03/18/2008 7:25:31 PM PDT · by Borneo1 · 156 replies · 4,381+ views
    The Tifton Gazette ^ | 3/17/2008 | Jana Cone
    TIFTON — A Tifton agricultural researcher says he has found the solution to the world’s energy crisis through genetic modification and cloning of bacterial organisms that can convert bio-mass into hydrocarbons on a grand scale. The local researcher believes his groundbreaking discovery could result in the production of 500 to 1,000 barrels of hydrocarbon fuel per day from the initial production facility. The hydrocarbon fuel — commonly known as oil or fossil fuel when drilled — will require no modification to automobiles, oil pipelines or refineries as they exist today and could forever end the United States’ dependence on foreign...
  • Titan's surface organics surpass oil reserves on Earth

    02/13/2008 11:10:35 AM PST · by Brian S. Fitzgerald · 136 replies · 974+ views ^ | February 13, 2008 | ESA
    Saturn's orange moon Titan has hundreds of times more liquid hydrocarbons than all the known oil and natural gas reserves on Earth, according to new Cassini data. The hydrocarbons rain from the sky, collecting in vast deposits that form lakes and dunes. The new findings from the study led by Ralph Lorenz, Cassini radar team member from the Johns Hopkins University Applied Physics Laboratory, USA, are reported in the 29 January 2008 issue of the Geophysical Research Letters. "Titan is just covered in carbon-bearing material--it's a giant factory of organic chemicals," said Lorenz. "This vast carbon inventory is an important...
  • BLACK-GOLD BLUES Discovery backs theory oil not 'fossil fuel'

    02/02/2008 1:52:27 AM PST · by Fred Nerks · 143 replies · 21,257+ views
    WND ^ | February 1, 2008 | By Jerome R. Corsi
    New evidence supports premise that Earth produces endless supply ------------------ A study published in Science Magazine today presents new evidence supporting the abiotic theory for the origin of oil, which asserts oil is a natural product the Earth generates constantly rather than a "fossil fuel" derived from decaying ancient forests and dead dinosaurs. The lead scientist on the study – Giora Proskurowski of the School of Oceanography at the University of Washington in Seattle – says the hydrogen-rich fluids venting at the bottom of the Atlantic Ocean in the Lost City Hydrothermal Field were produced by the abiotic synthesis of...