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The International Clearinghouse for Hydrogen Commerce www.hydrogencommerce.com |
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Hydrogen or Petroleum? |
OPEC Warns of 'Unlimited' Oil Prices if Iran Is Attacked
International Herald Tribune
July 10, 2008
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"The Curse of Natural Resources" |
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Chevron announced
Friday that it replaced just 10% to 15% of its reserves in 2007, a rate
lower than the already pessimistic 50% to 60% analysts estimated. And
although Chevron's report is expected to be the weakest among the oil
giants, analysts also expect ConocoPhillips, Exxon Mobil Corp., and Royal
Dutch Shell PLC to report reserves replacement shy of 100%.
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Oil Exploration in Amazon Threatens "Unseen" Tribes
Kelly Hearn
National Geographic News
March 21, 2008
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Several rivals accepted
the government's new terms. Exxon, along with ConocoPhillips, another
American firm, chose to invoke the arbitration clause in its contract
(which had over two decades to run). More than the money, it is reputed to
want to send a firm message to the world's resource nationalists. Or, as
Venezuela's deputy oil minister, Bernard Mommer, put it, to “intimidate
other producers”.
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Chevron announced
Friday that it replaced just 10% to 15% of its reserves in 2007, a rate
lower than the already pessimistic 50% to 60% analysts estimated. And
although Chevron's report is expected to be the weakest among the oil
giants, analysts also expect ConocoPhillips, Exxon Mobil Corp., and Royal
Dutch Shell PLC to report reserves replacement shy of 100%.
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"An absolute disaster!"
Capetown Reeling from from Chevron
Refinery Shutdown
Crisis Spreads to Fuel and Gas Supplies
Cape Times (South Africa)
February 6, 2008
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Another Nail in the Coffin |
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BP's Alternative Energy Ploy |
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GOT OIL? |
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BIG OIL THANKS YOU! NOW BEND
OVER. |
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Uh, you
mean like our world? |
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"President Bush is
over in the Gulf now begging the Saudis and others to drop the price of
oil. How pathetic. We should have an energy policy right now, putting
people to work in green-collar jobs as a way to stave off the recession,
moving us towards energy independence." |
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At least $61.3 billion in international money has gone to subsidizing the oil and gas and industries worldwide since 2000. |
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...The $61.3 billion in oil aid is
in addition to the estimated $150-$250 billion in domestic subsidies that national governments provide to their oil and gas industries annually, according to the recent Stern Review on the Economics of Climate Change. They also do not include any of the costs of military operations around the world which are often fairly characterized as a subsidy to the oil industry.
"The World Bank Group should phase out investments
in oil production by 2008 and devote its scarce resources to investments
in renewable energy resource development..." The World Bank Group remains the single largest multilateral leader in oil aid, with about $8 billion since 2000. Recent analysis by the End Oil Aid coalition has revealed very disturbing trends at the Bank: |
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...The world's addiction to oil
runs deep and oil corporations are among the most influential companies
in the world. They are actively using their influence to develop allies
within government and block much needed reforms. The result is that we
are pursuing an incoherent and often contradictory energy policy whereby
governments are promoting the expansion of the oil industry and working
to overcome oil addiction at the same time. |
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FINANCING BOTH SIDES OF THE OIL WAR |
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"I can say with
some professional knowledge and experience that if Bush invades yet
another Muslim oil state, it would mark the end of U.S. influence in the
crucial Middle East for decades." |
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BLOOD PER GALLON |
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Alan Greenspan Claims the |
| America's elder statesman of finance, Alan Greenspan, has shaken the White House by declaring that the prime motive for the war in Iraq was oil. ...“I am saddened that it is politically inconvenient to acknowledge what everyone knows: the Iraq war is largely about oil,” he says. |
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BUSH OIL WAR BACKFIRES |
China National Petroleum Corporation,
the country’s largest oil company and the parent of listed group
Petrochina, signed a deal with Iraq in 1997 to develop the al-Ahdab oil
field. The field is one of the first to be offered to foreign investors
since the 2003 US-led invasion.
Iraq has been reluctant to revive Saddam-era contracts, but seems to have
turned to China as security problems and uncertainties over Iraqi
investment law have deterred other investors.
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NOW
IT'S OUR WAR?|
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"Petrol
and
Diesel |
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| The world’s second largest car company now views hydrogen fuel cell power as the “the end game,” according to its director of advanced technology vehicle concepts Dr Christopher Borroni-Bird. ...“Hybrids are not a solution,” he said. “They just delay the day of reckoning. The debate about hybrids being cleaner than diesel is irrelevant - the diesel is a dead end because it uses fossil fuels.” Dr Borroni-Bird said that hydrogen-powered and electric cars would develop alongside each other, and that GM would have a “cost-effective” fuel cell car by 2010. “We will build a car that runs on renewable energy, but it’s not our responsibility to produce the fuels,” said a GM spokesman. | |
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"Imagine a world where we do not have to concern ourselves with the supply of oil from the Middle East -- it would revolutionize government priorities, military spending and make Americans feel much more safe and secure. Imagine that the hydrogen fuel could come from a variety of sources, such as from corn (Midwest), hydroelectric power (Quebec), nuclear power (California), solar cells (Southwest), wind (Dakotas), etc. Not only |
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would this create very many, technologically advanced new
jobs, but this diversity would also dramatically stabilize the economy
from fluctuations in supply from one source.
"At a more personal level, imagine being able to refuel at home (using home electrolyzers or reformers) each night and, in a pinch, being able to provide back-up power for the home if there is a blackout. These capabilities would give individuals more independence and options, and make life easier for them. The benefit and flexibility of this technology is so powerful that it could literally open up hundreds of new markets around the world to where entire populations who now only dream of owning an automobile will soon be able to buy one." Hydrogen Power: A Discussion with Chris Boronni-Bird PBS May 19, 2004 |
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WHY SUPPORT RENEWABLE
ENERGY, ANYWAY? |
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BODMAN'S EPIPHANY?
Chavez: Troops to Escort Oil Takeovers
Pickens: Global Oil Production Capacity Has Hit Peak |
“Our
addiction to oil is hurting consumers, undermining the economy,
exacerbating international conflicts, damaging the environment, and
threatening the health of the planet.”
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RELEASED
CRUDE OIL United States Government
Accountability Office |
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The prospect of a peak in oil
production presents problems of global proportion whose consequences will
depend critically on our preparedness.
The consequences would be most
dire if a peak occurred soon, without warning, and were followed by a
sharp decline in oil production because alternative energy sources,
particularly for transportation, are not yet available in large
quantities. Such a peak would require sharp reductions in oil
consumption, and the competition for increasingly scarce energy would
drive up prices, possibly to unprecedented levels, causing severe economic
damage. While these consequences would be felt globally,
the United States, as the largest
consumer of oil and one of the nations most heavily dependent on oil for
transportation, may be especially vulnerable among the
industrialized nations of the world. ....In the past, the private sector has responded to higher oil prices by investing in alternatives, and it is doing so now. Investment, however, is determined largely by price expectations, so unless high oil prices are sustained, we cannot expect private investment in alternatives to continue at current levels. If a peak were anticipated, oil prices would rise, signaling industry to increase efforts to develop alternatives and consumers of energy to conserve and look for more energy-efficient products. |
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THE NEW HOME OF HALIBURTON
DUBAI - CENTER OF IRANIAN SEX SLAVE TRADE
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THE US MILITARY IS THE "TIP OF THE
SWORD" IN
"In energy as in politics, power corrupts. Through
the ages, power has indeed corrupted those who produce it, those who
control it, and those who need it. Today our high-energy world teeters at
the brink. The gauge is edging toward empty, and as it does, the
political, environmental, medical, and economic cost continue to squeeze
humanity. The crisis is not new, but now it has become more urgent. This
time it is not money at stake--it is mankind. |
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Public Must Demand Alternative Fuels |
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In the absence of a government-launched Manhattan Project to ignite the
alternative fuel revolution, the public must turn not just to the White
House or the state house but also to the largest fleet owners in the
country. Carmakers such as Honda, BMW and Toyota are waiting for only one thing before they redirect their considerable resources away from gasoline cars and toward hydrogen, electric, natural gas (CNG) or other alternatively fueled vehicles. Those companies want tangible demand. Fleets -- governmental, commercial and private -- have a compelling volume purchasing power no automaker can ignore. |
Big Oil May Have to Get Even Bigger to Survive
Oliver Morgan The
Observer (UK)
October 29, 2006
 |
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Congress Got $13 Million From Big
Oil! And We Got a Bad Energy Bill. Tell Congress to Say NO to Big Oil! Take Action Today. |
Iraqi Leader Says International Oil Companies
Key to Raising Production
Jim Krane AP
September 10, 2006
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CALIFORNIA MOVE OVER...
Skeptic's
Film on Global Warming Is Challenged |
A
Tank of Gas, a World of Trouble
Paul Salopek Chicago
Tribune (IL)
July 29, 2006
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WHY WE FIGHT FOR OIL
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INVESTORS REVOLT AGAINST EXXON |
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Seventeen leading U.S. pension fund and other institutional investors
controlling $658 billion in assets are pushing for a face-to-face meeting
with independent members of the ExxonMobil board of directors as a result
of growing financial world concerns that ExxonMobil is "a company that
fails to acknowledge the potential for climate change to have a profound
impact on global energy markets, and which lags far behind its competitors
in developing a strategy to plan for and manage these impacts." Pension fund trustees from seven states, New York City, and eight other major institutional investors with over 110 million ExxonMobil shares worth an estimated $6.75 billion made the request for the meeting this week. All those seeking the action from Exxon Mobil are members of the Investor Network on Climate Risk. The group of 17 consists of six state treasurers (Connecticut, California, Pennsylvania, Maryland, Maine, Vermont), the California State Controller, the California Public Employees' Retirement System (CalPERS), the New York State Comptroller, New York City Comptroller, Evangelical Lutheran Church in America, General Board of Pension and Health Benefits of the United Methodist Church, International Brotherhood of Teamsters, Tri-State Coalition for Responsible Investment, Walden Asset Management, The Nathan Cummings Foundation, and the Sheet Metal Workers Pension Fund. Greenbiz May 22, 2006 |
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AGING ALASKAN PIPELINE |
A Future Without Oil?
Elizabeth Douglass Los Angeles
Times April 16, 2006
Bush's Advanced Energy Initiative, which he promoted in a February tour of
research sites, would inject badly needed money into alternative-fuel
programs. Critics say the commitment is paltry. Bush's fiscal 2007 budget
seeks about $150 million for biofuels and $290 million for hydrogen-related
research. By comparison, the government spends an estimated $150 million
a day in Iraq. But proponents believe the decades of inertia could be
broken by a rare convergence of technology, money, political will and
motivated motorists.
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"We need to get an alternative to
petroleum." |
EDITORIAL:
Quit Griping, and Make Changes
$3-a-gallon
gas isn't the problem;
dependence on fossil fuels is
News-Press (FL)
April 30, 2006
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"Our society is in a state of
collective denial that has no precedent in history, |
| Soaring fuel prices, rumours of winter power cuts, panic over the gas supply from Russia, abrupt changes to forecasts of crude output... Is something sinister going on? Yes, says former oil man Jeremy Leggett, and it's time to face the fact that the supplies we so depend on are going to run out. |
Shell’s Commitment to Alternative Energy
Royal Dutch Shell
February 2, 2006
Things Just Got Worse
Byron W. King Energy Bulletin January 25, 2005
The news out of Kuwait highlights the point that most, if not all, of the estimates published by member nations of the Organization of Petroleum Exporting Countries (OPEC) are similarly without merit. In all likelihood, all of the OPEC member nations have chronically overstated their reserves. The ominous implication is that we are confronting the reality that the world has a lot less oil than we thought and that a peak in global oil output must occur sooner than even some of the most pessimistic predictions.
Iraq's Hot Properties
Andrew J. Grotto Bulletin of the
Atomic Scientists
Jan/Feb 2006
BP Forms Alternative Energy Division
David Cullen & Tom Bergen
Globe and Mail (ON)
November 29, 2005
BP may invest up to $8-billion (U.S.) in wind,
solar, hydrogen and high-efficiency gas-fired power generation projects over
the next 10 years amid growing concern over global warming.
Middle East Forum on Fuel Cells and Hydrogen Economy
Anne-Birte Stensgaard AME
Info November 29,
2005
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Today’s Energy Reality:
“We Are In A Deep Hole” REPRESENTATIVE ROSCOE G. BARTLETT,
MARYLAND 6TH DISTRICT, 2005 ENERGY CONFERENCE MONDAY, SEPTEMBER
26, 2005, 9:00 A.M. - 12:00 NOON FREDERICK COMMUNITY COLLEGE, FREDERICK, MARYLAND
PARTICIPANTS: DR. KENNETH DEFFEYES, MATTHEW SIMMONS, RICHARD HEINBERG, DONALD WULFINGHOFF,
JOHN SPEARS, JOHN HOWE "Everyone keeps thinking there is
a (price) ceiling... The Inevitable Peaking of World
Oil Production |
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"Why
didn't they warn us? Why?"|
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BIG MAP: Coastal Vulnerability with All Oil Platforms The head of the Interior Department's Minerals Management
Service, Johnnie Burton, said two weeks ago that Katrina did not do as
much damage to offshore pipelines as Hurricane Ivan did a year earlier.
However, Burton's estimate turned out to be too optimistic, and the damage
is much worse. Crude oil and gasoline futures rebounded after reports that
refineries in Port Arthur and Beaumont, Texas, and Lake Charles, La., may
be shut longer than expected after being damaged by Hurricane Rita.
"We think the market's underestimating the natural gas impact
here," David Pursell, an energy analyst with Pickering Energy Partners in
Houston. Companies are usually building up the natural gas stockpiles at
this time of year to prepare for the winter, when daily use outstrips
daily production. The Noble Therald Martin, Noble Paul Romano, Noble Amos Runner
and Noble Max Smith moved approximately 89 miles, 118 miles, 75 miles and
123 miles, respectively, off their original locations. As companies began to report the damage sustained from the
hurricane, offshore infrastructure appeared to be hit much harder than
onshore facilities, threatening to add to energy supply woes in the United
States, analysts said. Remington Oil and Gas Corporation announced today that two
offshore jackup drilling rigs under contract to the company are no longer
at their pre-storm locations. An initial survey revealed that the Typhoon tension leg
platform, located about 165 miles south-southwest of New Orleans, was
severed from its mooring and suffered severe damage during the storm. GlobalSantaFe Corporation today reported that two of its
offshore oil and gas drilling rigs, the GSF Adriatic VII and GSF High
Island III, could not be found on their drilling locations during a search
by fixed-wing aircraft Sunday. Rowan Companies, Inc. announced today that, in the aftermath of
Hurricane Rita, its jack-up rigs Rowan-Odessa and Rowan-Halifax were not
at their pre-storm locations. In addition, the hull of the jack-up
Rowan-Louisiana apparently detached from its legs and is aground offshore
Louisiana. Offshore drilling company Rowan Cos. said Monday that an aerial
survey of its Gulf fleet shows that its Rowan-Fort Worth rig is missing in
the aftermath of Hurricane Rita, and two rigs have drifted from their
original locations. Diamond Offshore Drilling, Inc. today reported that the drilling
rigs Ocean Saratoga and Ocean Star broke free from their moorings as
Hurricane Rita passed west of both semisubmersibles. |