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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...

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...

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...

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...

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...

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...

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,...

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 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...

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.

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.

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...

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 ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/5e923e3a-51d3-11e3-8c42-00144feabdc0.html#ixzz2m9yJLw8r 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...

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...

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.”...

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...

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...

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.

"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.

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...