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CNN: "Bush lifts executive ban on offshore oil drilling" - video material
President Bush lifted an executive order banning offshore oil drilling on Monday and urged Congress to follow suit. Citing the high prices Americans are paying at the pump, Bush said from the White House Rose Garden that allowing offshore oil drilling is "one of the most important steps we can take" to reduce that burden. However, the move is largely symbolic as there is also a federal law banning offshore drilling. "This means that the only thing standing between the American people and these vast oil reserves is action from the U.S. Congress," Bush said. (...) >>>
15th July 2008
Pajamas: "The Saudis’ Oily Con Game," by Youssef M. Ibrahim
How can we convince Saudi Arabia to pump more oil when it reaps the profits of pumping less? Once more Saudi Arabia told distressed oil consumers to drop dead this past weekend. Speaking at a world conference summoned to discuss what to do about insane oil prices, Saudi King Abdullah went around the room telling representatives of 35 countries there is no crisis, as his oil minister assured them there will be no Saudi oil to relieve it. (...) >>>
24th June 2008
Pajamas Media: "Not all Biofuels are the Same," by Jeffrey Trucksess
Corn-based ethanol has been giving biofuels a bad name. The real solution is biodiesel — a green, efficient energy source that won't starve the planet.
(...) Biofuel critics allege three concerns when debating this subject: 1) biofuel production depletes food supplies; 2) biofuels do not actually reduce carbon emissions; and 3) some biofuels are developed from “invasive species” of plants that negatively impact local ecosystems. It is time for all to take note: not all biofuels are the same and we can have food and fuel at the same time. (...) >>>
29th May 2008
Right Truth: "A shortage of uranium?"
New Nuclear Reactors for the UK? Is this a good idea asks Chris Vernon at The Oil Drum. "... not when you take into account the uranium-peak, the energy return on energy invested in the nuclear life-cycle, and the prospect of much of the legacy of nuclear waste being abandoned for ever." I would add the risk of terrorism to that list. (...) There are, however, some questions to be raised about this plan. ~The first question is, where will the uranium needed to fuel the new reactors will come from? My own research, The Lean Guide to Nuclear Energy, concludes that, as early as 2013, there will be substantial shortages of uranium worldwide.
At present, annual demand for uranium is running at about (...) >>>
4th Jan. 2008
American Thinker: "Huge offshore oil discovery", by Ed Lasky
Bloomberg brings news of a huge new oil field discovered off Brazil in the Santos Basin. Petrobras, the Brazilian oil company says that tests indicate a size of between 5 and 8 billion barrels of oil and gas. At current prices, that amounts to a large fraction of a trillion dollars' worth of oil.
Hugo Chavez will not like this news. Nor will others who benefit from high oil prices. Nor will fans of the "peak oil" theory, which holds that all the good discoveries have been made and oil production is doomed to decline. This find was deep, in the subsalt layers, and best of all ... >>>
8th Nov. 2007
In case the link is broken, here's a mirror -
Accuracy in Media: "Not 'Peak Oil,' but Lots More Oil", by Allen Caruba
... With the price of oil hitting more than $80 per barrel, one would think that Congress would be inclined to opening access to those billions of barrels, but the current Democrat-controlled Congress is more concerned about a bogus global warming than it is about insuring Americans can drive their cars and trucks, heat their homes, and process oil for the countless products it produces. And this doesn’t even include the vast reserves of natural gas that are estimated to exist.
The fact is that there are billions more barrels to be found in the world, whether it’s in the Middle East, Africa, Russia, Venezuela, and much of the yet-to-be geologically researched map of the world. That bit of knowledge, however, rarely makes it into the mainstream media; media that can be depended upon to give lots of coverage to the “Peak Oil” crowd that has been predicting we will run out of oil any day now. >>>
16th Oct., 2007